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Spot Bitcoin ETFs recorded $145 million in net inflows on Monday, marking a second consecutive day of positive momentum. The recovery follows a $371 million dip-buying surge last Friday, which halted a multi-week trend of steady institutional selling. Bitcoin is currently trading just below $69,000, while the Solana-based AI agent token Pippin (PIPPIN) surged 40% in 24 hours. U.S.-based spot Bitcoin ETFs attracted $145 million in net inflows…
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South Korea Intensifies Probe into Bithumb After $43 Billion Bitcoin Fat-Finger Fiasco
South Korea’s Financial Supervisory Service has escalated its inspection of Bithumb into a comprehensive probe following a $43 billion Bitcoin distribution error on February 6. The incident exposed critical flaws in the exchange’s internal controls, allowing the disbursement of 620,000 BTC despite holding only around 46,000 BTC. Bithumb recovered 99.7% of the misdistributed assets and plans to compensate affected users at 110% while…
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Bernstein analysts reiterated a **$150,000 price target** for Bitcoin by 2026 despite a recent 45% market correction. The firm described the current downturn as the “weakest bear case” in the asset’s history, noting a lack of systemic failures or hidden leverage. Institutional support remains robust, with only 7% net outflows from spot Bitcoin ETFs recorded during the price slide. Research and brokerage firm Bernstein has doubled down on its…
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Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China's 2021 Ban
Bitcoin’s mining difficulty fell 11.16% to 125.86 trillion at block height 935,424. This represents the biggest single negative adjustment since July 2021 following China’s mining crackdown. The drop follows a roughly 20% decline in network hashrate over the past month, attributed to falling Bitcoin prices and winter storm-related shutdowns. Bitcoin’s network has undergone its most significant mining difficulty adjustment in…
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 by…
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