Author: CryptoPress

Bithumb accidentally distributed approximately 620,000 BTC (worth ~$43 billion) due to a system configuration error during a rewards event. The glitch credited 2,000 BTC per user instead of the intended 2,000 Korean won ($1.40). Localized Bitcoin prices on the exchange plunged 17% as recipients immediately attempted to liquidate the unexpected windfall. The exchange has recovered 99.7% of the assets and pledged to compensate users affected...

Bitcoin surged over 11% to reclaim the $71,000 level after hitting a 16-month low near $60,000 during a volatile Thursday session. The rebound was fueled by a recovery in tech stocks and significant short liquidations in the crypto futures market, totaling over $1 billion in the last 24 hours. Crypto-tied equities like MicroStrategy and Coinbase saw double-digit gains, with MSTR jumping 25% to lead the Nasdaq. Analysts at JPMorgan...

Bitcoin fell below the $70,000 support level for the first time since late 2024, hitting a session low of $69,074. Total market liquidations exceeded $830 million in 24 hours, with leveraged long positions bearing the brunt of the volatility. Analysts cite the nomination of Kevin Warsh for Federal Reserve Chair and high miner production costs as primary bearish catalysts. Bitcoin plummeted below the critical $70,000 mark on Thursday,...

Binance completed a $100.7 million Bitcoin purchase, marking the start of a $1 billion asset conversion for its SAFU fund. The exchange plans to shift its entire emergency reserve from stablecoins to Bitcoin over the next 30 days. On-chain data confirms the acquisition of 1,315 BTC as the asset traded near $77,000. Binance has officially launched its strategic transition to a Bitcoin-heavy reserve for its Secure Asset Fund for Users...

The U.S. House of Representatives voted 217-214 to pass a $1.2 trillion funding package, ending a partial government shutdown that began on Feb. 1. The legislation restores funding to major federal agencies, including the SEC and CFTC, through Sept. 30, though the Department of Homeland Security (DHS) only received a short-term extension. The shutdown had temporarily halted regulatory progress on crypto frameworks, stablecoin rules, and...