The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets. Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly traded Bitcoin holders. In an announcement on Wednesday, Tether said it purchased SoftBank’s roughly 26% stake for an undisclosed amount. SoftBank was one of the earliest backers of Twenty One Capital, which launched in 2025 as a Bitcoin (BTC) treasury company backed by Cantor Fitzgerald and led by Jack Mallers. Neither controlling shareholder Tether nor Twenty One Capital disclosed the size of Tether's stake. As part of the ownership change, SoftBank’s representatives will step down from Twenty One Capital’s board of directors. Read more
Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report. Bitcoin (BTC) halted its latest recovery at Wednesday's Wall Street open as US traders sold off. Key points: Read more
Analytics provider Glassnode identified 10% of Bitcoin supply as structurally exposed to a quantum breakthrough, underscoring the need for a quantum-proof implementation such as BIP-360. Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode. Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs, legacy multi-sig structures such as Pay-to-Multisig (P2MS) and modern Pay-to-Taproot (P2TR) outputs, which reveal the public key or public key-equivalent by design, wrote Glassnode in a Wednesday X post. Bitcoin creator Satoshi Nakamoto’s coins represent about 1.1 million or 5.5% of the vulnerable supply, following another 620,000 Satoshi-era coins or 3.1% of the supply and about 200,000 coins or 1% of the supply in Taproot addresses. Read more
Bitcoin momentum is fading following drop to $76,000 as analysts warn a loss of key support at $74,000-$76,000 could trigger a deeper BTC price correction. Market analysts say Bitcoin (BTC) is showing “momentum exhaustion” after its 8% drop from multi-month highs above $82,000, with bulls expected to defend key crucial support levels. Key takeaways: Private wealth manager Swissblock stated that Bitcoin’s momentum is fading following failure to “sustain expansion” above $82,000. Read more
Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules. South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country. The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and clears regulatory hurdles for businesses operating in the space. On CBDCs, the law bars any state agency or political subdivision from accepting, requiring payment in, or participating in Federal Reserve-led digital currency trials, including any pilot programs run by federal agencies. Read more
Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth. Bitcoin miners are emerging as an important part of the AI infrastructure supply chain because they control large amounts of power capacity and data center real estate that are increasingly difficult to secure, according to a new research note from Bernstein. Analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra estimate that publicly traded Bitcoin miners control more than 27 gigawatts of planned power capacity and have announced more than $90 billion in AI-related agreements covering 3.7 gigawatts with hyperscalers, neocloud providers and chipmakers. An April 29 research brief from RAND said that it expects the US will add approximately 82 GW of additional net available capacity by 2030. Read more
Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000. Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone. Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels. The visible range volume profile (VRVP) indicator shows the $68,000-$70,000 region as the most densely traded zone on the chart since November 2025. High trading activity in that price range suggests most positions were opened near those levels over the past few months. Read more
BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support." Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens. Key points: Read more
Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs. Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous quarter, according to a Tuesday press release. Industrial mining equipment remained the company’s primary revenue driver at $39.6 million, though sales tumbled 75% from the prior quarter. Self-mining contributed $19.1 million, while the home mining segment brought in $2.7 million, a category that more than doubled year-on-year. Read more
Bitcoin positions itself for a rally above $80,000 after Strategy's $2 billion BTC buy, crumbling investor confidence in the US Treasury and a potential US-Iran deal. Key takeaways: Bitcoin (BTC) faced a rejection following a failed attempt to break above $82,000 on Thursday. A subsequent retest of the $76,000 level on Monday triggered $400 million in liquidations for bullish Bitcoin positions over a four-day period. While traders’ confidence took a hit from the 7% price decline, the prospects for recovering the $80,000 mark remain valid. Read more
Hosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing. Digital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. Revenue rose 58% from a year earlier to $9.4 million and increased 2% from the previous quarter, according to the company’s earnings report released Monday. It was Soluna’s fourth-consecutive quarter of sequential revenue growth. The gains were driven by additional capacity coming online at the company’s Dorothy and Kati sites in Texas. Data center hosting generated $6.7 million in revenue, while cryptocurrency mining contributed roughly $2.2 million, down from nearly $3 million the year before, as Bitcoin mining economics deteriorated. Read more