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Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token briefly dipped below $60,000. Israeli Defense Minister Israel Katz declared an immediate state of emergency across all areas of Israel. A U.S. official confirmed American participation in the strikes, The Wall Street Journal reported.The sell-off follows a well-established pattern. Bitcoin trades 24 hours a day,…

Mark Karpelès, the former CEO of Mt. Gox, is calling on community support for a proposal to recover more than $5.2 billion stolen from his Bitcoin exchange more than a decade ago.On Friday, Karpelès submitted a proposal on GitHub to add a consensus rule that would allow the 79,956 Bitcoin hacked from Mt. Gox (currently sitting in a single wallet) to be moved to a recovery address without the original private key. “These coins have not moved in over 15 years. They are among the most well-known and publicly tracked UTXOs in Bitcoin’s history,” he wrote.  Source: Jameson LoppKarpelès said that…

Dorsey said AI-driven efficiency demands smaller teams, triggering one of the largest layoffs in Block’s history. Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees would be notified the same day whether they are being asked to leave, entering consultation, or staying. Massive Layoffs at Block He stated that affected employees will receive 20…

Israel also announced a state of emergency as it expects a quick retaliation by Iran. The enhanced price volatility this week continues, as bitcoin has started to lose value rapidly once again, dropping to a multi-day low of well under $63,600. The latest leg down was likely prompted by the quickly escalating global tension, especially between the two old enemies – Iran and Israel. The breaking story started to develop less than half an hour ago on Saturday morning when multiple news outlets reported that Israel had launched an “preemptive attack” against Iran. The former’s Defense Minister, Israel Katz, announced…

Key Takeaways The screenshot claiming the return of the “4chan Bitcoin prophet” has caused a splash on social media. The original 2019 bottom call has cemented the anonymous poster in crypto history. While some high-profile figures see Bitcoin reaching seven figures long term, others warn of severe downside risk. A viral post on X has sparked renewed debate over the possible return of a famed anonymous crypto forecaster, after a November 2025 prediction that Bitcoin would reach $1 million and Ethereum would hit $100,000 by the end of 2026 resurfaced this week. The post claims the return of the so-called…

Another week has ended, and it is also the end of the month, which means a bigger batch of Bitcoin and Ether options contracts are expiring while spot markets cool off again. Around 115,500 Bitcoin options contracts will expire on Friday, Feb. 27, with a notional value of roughly $7.8 billion. This event is much larger than usual because it is the end of the month, so there could be a little volatility on spot markets. Crypto markets have seen a little daylight with a mid-week lift, but total capitalization has remained the same as gains are starting to erode…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Following a brief and sudden market-wide uptick, the Ethereum price is drawing closer to the pivotal $2,100 mark again, recording a 12% rise in the past day. Despite the bounce on Wednesday, the broader market of ETH is still quite bearish, but bullish sentiment appears to be gaining momentum in the Spot ETFs sector. Sharp Decline Meets Quiet Ethereum Spot ETF Inflows The recent price movement of Ethereum has been quite harsh, with steep declines and ongoing volatility significantly impacting market sentiment. However, beyond the persistent waning…

During Q4 earnings call, Flutter executives said event contracts could accelerate legalization of online sportsbooks and casinos as prediction market investment trends toward the upper end of guidanceFlutter Entertainment, the parent company of FanDuel, said it plans to ramp up investment in prediction markets following what executives described as encouraging early traction for FanDuel Predicts, revealing in its Q4 earnings report and Thursday earnings call that spending will trend toward the upper end of its prior guidance.“We now expect that our prediction markets investment will be towards the upper end of the previously guided range,” CFO Rob Coldrake said on…

Ethereum’s latest long-term planning document has given investors a new way to assess whether the digital asset can eventually reach $10,000 by the end of this decade.The newly published “Strawmap,” introduced by Ethereum Foundation researcher Justin Drake, reads less like a conventional roadmap than a preemptive response plan.It sketches a path for Ethereum base-layer upgrades through the end of the decade, with seven forks by 2029 and five broad targets, including a faster Layer 1, much higher throughput, post-quantum security, privacy at the base layer, and a scaling architecture that keeps Layer 1 and Layer 2 moving together.In essence, Ethereum…

XRP Ledger Foundation has confirmed it has patched a critical vulnerability found in an yet-to-be-enabled amendment of Ripple’s XRP Ledger, averting a potentially major exploit. On February 19, a security engineer at cybersecurity firm Cantina, Pranamya Keshkamat, and the Cantina AI security bot identified a “critical logic flaw” in the signature-validation logic of Ripple’s blockchain, XRP Ledger, reported the XRP Ledger Foundation on Thursday. The vulnerability in the signature validation code batch amendment would have allowed an attacker to execute transactions from victim accounts, including draining funds, without ever having the victim’s private keys. “The amendment was in its voting phase and had…