Author: 行政
Bithumb mistakenly credited hundreds of users with $40 billion in “phantom” Bitcoin after an employee entered “BTC” instead of “KRW” for a $1.40 reward. The error caused a 16% flash crash on the exchange as users rushed to sell, though 99.7% of the funds were recovered within minutes. Bithumb will cover the remaining $9 million loss using corporate funds while facing an on-site inspection from South Korean regulators. Well, just by looking at the title, this is one of those stories where we surely know someone is in deep trouble after screwing up badly. This time, leading Korean exchange Bithumb…
In a video streamed live on X / Twitter last Friday, Cardano founder Charles Hoskinson revealed he personally has unrealised losses topping US$3 billion (AU$4.27 billion) on his cryptocurrency holdings. Hoskinson revealed his losses to counter claims by some that billionaire crypto founders such as himself can avoid the financial consequences of crypto bear markets. In the video Hoskinson also argued that blockchain, with its programmatically enforced rules and inbuilt trust, is the only real hope for replacing the current “evil” global financial system with a fairer and less evil system. You think you’re down bad after the recent crypto…
BitMine recently purchased 20,000 ETH for $41.98 million, bringing its total treasury to 4.29 million ETH as it pursues a goal of owning 5% of the total circulating supply. Despite holding $8.2 billion in assets, the company is facing roughly $8 billion in unrealised losses and an 88% drop in its stock price as Ethereum trades near the $2,000 mark. Chairman Tom Lee dismissed the downturn as a “mini crypto winter,” opting to hold and stake the treasury for $374 million in annual rewards rather than selling at a loss. BitMine bought about 20,000 Ethereum (ETH) for US$41.98 million (AU$64…
CoinShares argues that quantum computing poses a theoretical but distant challenge to Bitcoin, not an imminent threat to its security or markets. The firm says meaningful exposure is confined to a small subset of legacy addresses, with only a tiny portion capable of affecting liquidity. Aggressive fixes like burning coins are discouraged, with gradual upgrades favoured to preserve decentralisation and property rights. Concerns about quantum computing undermining Bitcoin’s cryptographic security have intensified, but a new CoinShares report argues the issue is being overstated and misunderstood. The firm frames quantum risk as a long-term engineering challenge rather than an immediate systemic…
Giannis Antetokounmpo’s equity investment in prediction market Kalshi was finalised during the same week the platform hosted high-volume markets speculating on his trade status. Kalshi says restrictions barring Antetokounmpo from trading on NBA-related markets, alongside integrity and monitoring controls, were already in place before he became a shareholder. The Kalshi deal combines a sub-1% equity stake with marketing involvement, adding to Antetokounmpo’s existing portfolio of professional sports investments. Milwaukee Bucks forward Giannis Antetokounmpo has acquired a sub-1% equity stake in prediction market platform Kalshi, the company confirmed, making him the first active NBA player to hold ownership in a business…
Bitcoin’s next big options gravity well sits on Mar. 27 (260327), and the reason is simple: this is where the market has parked a thick stack of conditional bets that will need to be unwound, rolled forward, or paid out as the clock runs down.The Mar. 27 expiry carries about $8.65B in notional OI and flags $90,000 as max pain, a rough reference point for where, in aggregate, option holders would feel the most pain at settlement.The broader options complex is enormous, with total BTC options open interest around $31.99B across exchanges, led by Deribit at roughly $25.56B, with the…
On Jan.30, 2026, US spot Bitcoin ETFs saw $509.7 million in net outflows, which looks like pretty straightforward negative sentiment until you look at the individual tickers and realize a few of them stayed green.That contradiction aged fast over the next few days. Feb. 2 snapped back with $561.8 million in net inflows, then Feb. 3 flipped to -$272.0 million, and Feb. 4 sank to -$544.9 million. The totals went up and down, but the more useful clue was the same one hiding in plain sight on Jan. 30: the category can look like one trade from a distance, while…
Bitcoin trades every minute of every day, but CME Bitcoin futures stop for the weekend. That mismatch is how a CME gap is born, and why it keeps turning up in the middle of the most stressful weeks.A CME gap is the blank space on a CME futures chart between Friday’s final traded level and the first traded level when the market reopens Sunday evening (US time). CME futures trade on a weekly schedule with a weekend break, while spot Bitcoin keeps moving. When the first CME print lands far from Friday’s close, the chart draws a jump and leaves…
Bitcoin keeps knocking on $71,500, sooner or later the door opensBitcoin made a familiar but stressful move this week; it bounced hard enough to make the skeptics quiet and the dip buyers loud again.After the crash down to around $60,000, the price clawed its way back to the a spot that has become the center of gravity, the $71,500 zone.It has already been there three times.Each time, the market hesitated, traders leaned in, and the rally ran out of oxygen. Now Bitcoin is back around $70,900, it looks like it wants to test $71,500 again, and this is the moment…
Bitcoin’s slide through $65,000 and toward $60,000 felt like a stress test the market had been postponing. The move was sharp enough to force a reset in positioning, and broad enough to pull the conversation away from single-catalyst explanations.Even mainstream media described the week as Bitcoin’s worst weekly performance since late 2022, with price briefly testing the $60,000 area before rebounding back above $65,000.The most important question we can ask here isn’t whether this was capitulation, but which of the signals that usually accompany seller exhaustion showed up in this selloff, and which confirmations are still missing if you’re looking for…