SoFi Becomes First U.S. Bank to Use Bitcoin’s Lightning for Remittances
SoFi is integrating Bitcoin’s Lightning Network for international transfers with Lightspark, starting in the U.S.–Mexico corridor. The bank aims to cut fees and settlement times for cross-border payments, challenging legacy remittance rails like SWIFT, Western Union, and MoneyGram.
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.
