Author: Kryptonews

Very large investors, or whales, holding 10,000 bitcoin or more are currently the only ones that are buying the largest cryptocurrency as prices plummet. All other holder groups are hitting the sell button, according to onchain data.This divergence is highlighted by Glassnode’s Accumulation Trend Score by wallet cohort, which measures the relative behavior of different entity sizes based on both balance and the amount of bitcoin acquired over the past 15 days. Scores closer to 1 indicate buying, while values near 0 signal selling.Bitcoin accumulation trend (Glassnode) According to Glassnode data, the largest whales are in a “light accumulation” phase…

BitMine Immersion Technologies, a publicly traded cryptocurrency treasury company linked to investor Tom Lee, is carrying significant unrealized losses on its Ether holdings following the latest wave of market liquidations, underscoring the risks facing crypto balance-sheet strategies during sharp downturns.After acquiring an additional 40,302 Ether (ETH) last week and increasing its total holdings to more than 4.24 million ETH, BitMine’s unrealized losses have grown to over $6 billion, according to data from Dropstab, a platform that tracks digital asset prices and portfolio valuations.Based on current market prices, BitMine’s Ether holdings are valued at roughly $9.6 billion, down from a peak…

The crypto market crash accelerated on Saturday as the futures open interest dipped and liquidations soared to over $1.6 billion, the highest level in weeks. This article explores whether the crypto industry will recover as the sell-off intensifies. Summary The crypto market crash intensified on Saturday. The drop continued as liquidations jumped to over $1.6 trillion. The crash will likely continue and then recover later this year. Why the crypto market crash is happening The crypto market crash is being triggered by a few factors. One of the most notable ones is the fact that the odds that Donald Trump…

BitMine Immersion Technologies, a publicly traded cryptocurrency treasury company linked to investor Tom Lee, is carrying significant unrealized losses on its Ether holdings following the latest wave of market liquidations, underscoring the risks facing crypto balance-sheet strategies during sharp downturns.After acquiring an additional 40,302 Ether (ETH) last week and increasing its total holdings to more than 4.24 million ETH, BitMine’s unrealized losses have grown to over $6 billion, according to data from Dropstab, a platform that tracks digital asset prices and portfolio valuations.Based on current market prices, BitMine’s Ether holdings are valued at roughly $9.6 billion, down from a peak…

Bitcoin saw a sudden weekend liquidity cascade that took BTC price to near $75,000 for the first time since its April 2025 low.Bitcoin (BTC) fell over 7% during weekend trading as a fresh price collapse liquidated $800 million.Key points:Bitcoin drops to near its 2025 low as mass liquidations accelerate.BTC price action fails to hold $80,000 and its key true market mean level.Strategy’s 700,000 BTC corporate treasury falls into the red versus its aggregate cost basis.BTC price collapses below $76,000Data from TradingView showed BTC price losses taking BTC/USD below $80,000 for the first time since April 2025. BTC/USD one-hour chart. Source:…

CoreWeave’s transformation from a crypto-mining operator to a large-scale AI infrastructure provider highlights a broader shift in how computing resources are reused across technology cycles.In its latest newsletter, The Miner Mag outlined how Ethereum’s move away from proof-of-work reduced demand for GPU-based mining, pushing companies like CoreWeave to redeploy hardware toward AI training and other high-performance computing workloads as demand for compute began to rise.As Cointelegraph previously reported, CoreWeave began moving away from crypto mining as early as 2019, shifting first into cloud and high-performance computing before fully repositioning itself as a GPU infrastructure provider for AI workloads.That pivot has…

When U.S. Customs and Border Protection agents subdued, disarmed, and then killed nurse Alex Pretti on January 24, it was on the doorstep of the Minneapolis College of Art and Design (MCAD) and just a few blocks from the Minneapolis Institute of Art (MIA). Multiple flash-bang grenades and chemical munitions deployed by federal agents in the aftermath resulted in an eleven-hour shelter-in-place order for the MCAD community, which numbers about 800 students from 13 countries. The school has had one employee apprehended by Border Protection agents, says president and CEO Gwendolyn Freed. Related Articles “We are rooted in the Whittier…

Changpeng Zhao, widely known as CZ, has rejected allegations that Binance played a central role in the largest liquidation event in crypto market history, an episode that erased roughly $19 billion in leveraged positions last October. Key Takeaways: CZ dismissed claims that Binance triggered the $19 billion Oct. 10 crypto liquidation. He said he spoke as a shareholder, not as a Binance executive. A brief USDe depeg on Binance was later blamed on an internal oracle issue. Zhao addressed the claims during a question-and-answer session on Binance’s social media channels, pushing back on suggestions that the exchange was responsible for…

U.S. president Donald Trump’s surprise nomination of former Fed governor Kevin Warsh as the next Federal Reserve chair boosted the dollar, unwound the precious metals rally, and is bringing bitcoin below a key support level.Onchain data shared by Glassnode shows bitcoin was consolidating just above key structural support around $83.4K, the lower bound of its short-term holder cost basis model.A breakdown below that zone could open the door to a deeper slide toward $80.7K, the so-called True Market Mean.That breakdown is occurring. Over the past 7-day period bitcoin BTC$83,460.68 lost more than 9.2% of its value and now trades at…

Venture capital and institutional money are flowing back into digital asset companies at the start of 2026, with industry data showing $1.4 billion committed across venture rounds and public market listings.The largest transactions included Visa-linked stablecoin issuer Rain, which reached a $1.9 billion valuation after raising $250 million, and crypto custodian BitGo’s $200 million-plus IPO on the New York Stock Exchange in January.While crypto markets remain under pressure following October’s broad-based liquidation that wiped out billions in leveraged positions across centralized and decentralized markets, institutional engagement in the sector continues to build.This edition of VC Roundup covers traditional venture raises,…