The lawsuit against Coinbase appears to be filed by the victim of a $55 million stablecoin phishing attack pulled off in 2024.
Galaxy Digital pledged up to $5 million to help Bitcoin prepare for quantum computing threats by funding research, post-quantum signature integration, and migration tools. The decentralized network requires years of coordination for an upgrade.
Foundry USA, the world's largest Bitcoin mining pool, has opened voting for its customers on Bitcoin Improvement Proposal (BIP-110), a soft fork aiming to limit non-monetary transactions like Ordinals. The proposal faces opposition from industry leaders Adam Back and Michael Saylor, who warn of potential user fund freezes and transaction invalidation.
Bitcoin has surpassed $66,000 for the first time since early June, extending its recovery despite thin spot market activity and derivatives traders paying heavily for downside protection. The rally is supported by long-term holders refusing to sell and recovering demand from US spot Bitcoin ETFs, but its sustainability depends on attracting broader spot buyers.
US-listed spot Bitcoin ETFs recorded their sixth consecutive day of net inflows on Tuesday, adding $203.1 million, bringing the six-session total to $930 million as Bitcoin traded above $65,000.
Bitcoin (BTC) buyers are demonstrating improved absorption at the $65,000 level, following Binance's largest net outflow of over 9,000 BTC in nearly two years. Analysis from CryptoQuant suggests easing short-term supply pressure, though a new uptrend requires further spot demand and stable price structure.
Bitcoin has rebounded to nearly $66,000 from its June 30 low, but options traders are still paying high premiums for downside protection, and leveraged long positions are rebuilding. This creates a 'pre-capitulation trap' as the market awaits the Federal Reserve's policy meeting.
