Galaxy Confirms $9B Bitcoin Sale Was Estate Liquidation, Not Panic Dump
Galaxy Digital confirmed it handled an 80,000 BTC sale on behalf of a long-dormant wallet as part of a wealth planning strategy. The $9B transaction triggered brief market panic before the truth emerged: it wasn’t a crash; it was a controlled liquidation.
Bitcoin Nosedives to $115K After Whale Sell-Off Sparks Panic
An ancient Bitcoin wallet unloaded 17,000 BTC via Galaxy Digital, triggering a sharp 3% price drop and sending Bitcoin down to \$115,000. The unexpected sell-off sparked panic across the market and renewed fears about the influence of early whale wallets.
Bitcoin Mining Reels from Historic Hashrate Swings — But Miners Refuse to Sell
Bitcoin’s hashrate plunged 15% in June, its sharpest drop in years. But despite falling revenues and geopolitical tensions, miners are holding firm; and a major difficulty reset is on the horizon.
Texas Becomes First U.S. State to Launch Bitcoin Reserve with $10M in Public Funds
Texas has made history by launching a $10 million state-run Bitcoin reserve. The move cements its crypto-friendly stance, but not everyone is applauding.
Bitcoin Gets Its Next Institutional Backer as Pompliano’s ProCap Debuts on Nasdaq
ProCap Financial, led by Bitcoin advocate Anthony Pompliano, launches with $750M in capital via a $1B SPAC merger. The company aims to build the next major public Bitcoin treasury.
