Live updates: Bitcoin slips below $63,000 as oil, yields climb
WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.
Bitcoin
Bitcoin at $63,600 as Japan’s Metaplanet moves 3,881 BTC between wallets
Metaplanet shifted 3,881 BTC, worth about $247 million, across several transactions over three hours on Wednesday, per Arkham data. The move went from the company’s cold wallets to new addresses it also controls, not to an exchange. Transfers to fresh self-custody wallets don’t add to… Read More
Bitcoin split after BIP-110 fails, the new chain stopped after two blocks
Opponents argue that anyone paying the transaction fee has bought the right to use the space however they like, and that miners and node operators should not be deciding which transactions count as legitimate. Bitcoin mining firm AntPool mined the first non-signaling block, which the… Read More
Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins
Bitcoin has reached block 961,632, triggering the long-awaited mandatory signaling period for BIP-110, a controversial proposal designed to temporarily curb non-financial data from being embedded on the network. The proposal entered the signaling phase at around 19:35 UTC on Saturday, with support from miners seldom… Read More
Bitcoin sales and $4 billion cash reserve fuel STRC’s recovery toward par value
Strategy’s (MSTR) perpetual preferred stock, Stretch (STRC), has risen more than 30% from its June low. It is currently trading around $94, after gaining another 1% on Wednesday. STRC bottomed in late June around $71 as bitcoin fell below $60,000. Since then, Strategy has sold… Read More
Elon Musk’s SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million
SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across… Read More