A massive surge in Bitcoin Knots nodes hints at a brewing civil war in Bitcoin. If tensions escalate, the price could be the first casualty. Bitcoin Knots, first released by developer Luke Dashjr in the early 2010s, has long offered a more configurable and policy-agnostic alternative to Core. Currently, most nodes use the Bitcoin Core client to support the Bitcoin network. However, Bitcoin Knots has grown an impressive 638% since the start of the year, jumping from only 394 nodes to 2,909 nodes as of June 19. This massive growth rate started to see significant upticks in May and now makes up 13.24% of all the nodes supporting the Bitcoin network. Bitcoin Knots’ recent popularity spike suggests that a non-trivial share of Bitcoin’s infrastructure operators no longer trust Core to define Bitcoin’s limits unilaterally. Read more
A new OMFIF blog warns the UK is losing its early advantage in digital asset regulation, as the EU enforces MiCA and the US advances with the Genius Act. The UK’s unclear regulatory stance on digital assets is drawing sharp criticism from market participants, with some citing “policy procrastination” as a key reason the country is falling behind both the European Union and the US in the race to define digital finance. In a Friday blog post, John Orchard, chairman, and Lewis McLellan, editor of the Digital Monetary Institute at the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank, argued that the UK has wasted its early-mover advantage in distributed ledger finance. The post, titled “The UK keeps missing the boat on DLT finance,” said that the UK, once expected to set a post-Brexit gold standard for crypto regulation, continues to “talk un-specifically about regulation in the future.” Read more
XRP could drop 35%, potentially revisiting the $1.35–$1.60 range, on-chain and technical metrics suggest. Key takeaways: XRP’s most-profitable investors are realizing over $68M in profits daily, mirroring the run-up to the 2017 market top. Over 70% of XRP’s realized cap has formed since late 2024, making the market top-heavy and vulnerable to sharp sell-offs. Read more
ZachXBT claims over 80% of Garden Finance’s fees are tied to crypto laundering, challenging the project’s decentralization narrative. Blockchain sleuth ZachXBT has accused Garden Finance, which brands itself as “the fastest Bitcoin bridge,” of facilitating the laundering of funds linked to major crypto thefts, including the Bybit hack. In a June 21 post on X, ZachXBT claimed that over 80% of Garden’s recent fee revenue stemmed from illicit transactions allegedly tied to the North Korean Lazarus Group. The allegation came in response to an earlier post by Jaz Gulati, a co-founder of Garden Finance, who had recently touted the platform’s success, citing 38.86 Bitcoin (BTC) in collected fees — $300,000 of which was earned over the 12 days ending June 2. Read more
Nakamoto Holdings, led by Trump’s crypto adviser David Bailey, raises $51.5M in fresh capital to accelerate its Bitcoin acquisition strategy. Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD. Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (BTC) accumulation strategy. “Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.” Read more
Real Vision CEO Raoul Pal says macroeconomic data suggests the current crypto cycle could extend into Q2 2026. The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal. “It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb up.” Bitcoin (BTC) started 2017 trading around $1,044 before reaching $2,187 by May 31 and closing the year at $14,156, an approximate 1,255% increase from its price at the beginning of the year, according to CoinMarketCap data. Read more
According to a post on CoinMarketCap's X account, the malicious code has been removed, though the team insists the investigation into the incident is still ongoing. CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly removed a malicious popup notification on its website prompting users to verify their cryptocurrency wallets, according to a post on its official X account. “We’ve identified and removed the malicious code from our site,” CoinMarketCap said in a post on Friday. “Our team is continuing to investigate and taking steps to strengthen our security,” it added. Read more
Eric Semler says he enjoys being the “lone voice crying in the wilderness” with Bitcoin as most hedge fund executives think Bitcoin is a “fly-by-night concept.” Eric Semler, chairman of healthcare tech firm Semler Scientific Inc., says many of his hedge fund peers are skeptical about Bitcoin’s future once US President Donald Trump leaves office. “I think that they think it is a fly-by-night concept and that it is probably going to, after the Trump administration, go back down a lot,” Semler told Coin Stories host Natalie Brunell on Thursday. Semler, who also founded hedge fund TCS Capital Management in 2001, made his comments amid skepticism within the crypto industry about how long political support for crypto will last after US President Donald Trump’s administration ends. While Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are concerned that support may potentially unravel under a future president. Read more