New research questions if Hal Finney was really Bitcoins second user

New forensic research published yesterday suggests that Hal Finney might not have been the second person to run a $BTC node.  For 17 years, the man who tweeted “Running bitcoin” earned an unofficial title. In the eyes of many Bitcoin historians, Finney was the second person after creator Satoshi Nakamo to run a Bitcoin node.  Indeed, thousands of articles credit Finney as Bitcoins second participant.  However, it turns out that he might actually have been the third.  Although it is an indisputable, on-chain fact that Finney earned the first coinbase reward after Nakamoto for mining a block, forensic researcher Alex Waltz argues that another man was running a mining-capable node before Finney.  According to Waltz‘s timestamps, although Dustin Trammellwas running a node before Finney, an idiosyncratic network connectivity issue in Bitcoin software prior to version 0.1.3 prevented Trammell from connecting to Nakamoto’s nodes fast enough to outpace Finney.  What everyone knows about Bitcoins Launch is wrong.  A new timeline of Finneys Bitcoin node  Waltz reconstructed a precise timeline of events during Bitcoins opening days.  Based on his analysis, and despite Trammell openly admitting that Finney mined a block before him, he believes that Trammell was running $BTC mining software first.  Unfortunately, Trammell hadnt remembered to flip on the software switch

06-25

House Democrats seek SEC answers on AI investment advisors

A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence.  In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that platforms offering AI trading agents to retail traders “raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers.”  “While such trading may initially be limited in scope, there are indications that agentic trading could expand to a broad range of additional products, including options, cryptocurrency, event contracts, and futures,” the lawmakers wrote.  AI agents have grown in popularity among crypto users as traders look to gain an edge in the always-on market, an idea that has spread to retail traders of traditional equities as they seek help with strategies.  Crypto exchange Coinbase is one of the latest major platforms to introduce such a tool, releasing an AI agent earlier this month integrated into its app, which it said is a Securities and Exchange Commission- and Commodity Futures Trading Commission-registered financial adviser that can give guidance on trades.  The letter, led by Bill Foster, the top Democrat on the House Financial Services Financial Institutions Subcommittee, and Brad Sherman, the top

06-25

SpaceX tokenized stock bets top $50M in liquidations as crypto leverage reaches Wall Street

SPCX has already turned SpaceXs post-debut volatility into a crypto-native liquidation event.  SpaceX-linked perpetual contracts exceeded $50 million in 48-hour liquidations as the underlying stock tested its $150 Nasdaq opening price, showing how quickly tokenized-stock exposure can shift from an access story to leveraged market plumbing.  SPCX perpetual liquidations ranked behind only Bitcoin and Ethereum in crypto derivatives liquidation volume at the time.  This raises a harder question: whether equity-linked wrappers can become forced-liquidation engines before the traditional market has finished determining the equitys value.  That distinction mattered over the last 48 hours because SpaceX traded below its $150 Nasdaq opening price following a major drawdown. That put every person who purchased the stock or opened a long position above its $135 IPO price at a loss.  It gave the tokenized market a clear stress point: the reference asset was struggling around its first public trading level, while the crypto wrapper was already triggering liquidations on a scale normally associated with major digital assets.  The wrapper carries the liquidation risk  SPCX-style products are better understood as derivatives plumbing around SpaceX-linked exposure than as ordinary shares moving on-chain.  These instruments are pre-IPO or equity perpetual products, with cash settlement, leverage, funding, and no ordinary share ownership.  Binance describes SPCXUSDT as

06-25

Coinbase Chooses Luxembourg as Its European Hub Under MiCA

Coinbase has officially designated Luxembourg as its primary European hub under the European Union‘s Markets in Crypto-Assets (MiCA) regulatory framework. From this base, the company intends to offer cryptocurrency services to clients across the EU, leveraging the bloc’s unified licensing regime.  Strategic Significance of Luxembourg  Luxembourg has long been a favored jurisdiction for financial services firms seeking regulatory clarity and stability. By selecting it as its EU hub, Coinbase gains access to a well-established regulatory environment that aligns with MiCAs requirements. The move allows the company to passport services across all 27 EU member states, streamlining compliance and reducing operational complexity.  Implications for EU Crypto Users  For European retail and institutional investors, Coinbase‘s decision signals increased commitment to the region. MiCA, which came into force in 2024, provides a comprehensive legal framework for crypto-asset service providers, including rules on consumer protection, market integrity, and stablecoin regulation. Coinbase’s Luxembourg hub ensures that its EU customers will benefit from these protections while accessing a broad range of crypto products.  Market and Regulatory Context  The selection of Luxembourg comes amid a broader trend of major crypto firms establishing regulated bases within the EU. Competitors such as Binance and Kraken have also secured licenses under MiCA, creating a competitive landscape

06-25

Does No One Want Bitcoin Anymore? Crypto In 'Desperate' Need For New Narrative, Says Commentator As Smart Money Sits 'On The Sidelines'

Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin as the apex cryptocurrency hit a 20-month low on Wednesday.  Institutional Demand Dries Up  Martinez pointed to the 46-day negative streak in the Coinbase Premium Index, a CryptoQuant metric that measures the price gap of Bitcoin between Coinbase and offshore exchanges. It is a widely used barometer for U.S. institutional demand and overall market sentiment.  “A negative premium means $BTC is trading cheaper on Coinbase, suggesting that U.S. institutional buying pressure has dried up,” the analyst stated.  Martinez also highlighted the “cooling period” in spot exchange-traded fund flows. The Bitcoin ETFs have experienced six consecutive weeks of net outflows, according to data from SoSo Value, with $2.92 billion in redemptions this month alone.  “American smart money appears to be sitting on the sidelines, waiting for macroeconomic clarity before re-entering the accumulation phase,” Martinez added.  Is Bitcoin Headed Below $30,000?  Bitcoin on Wednesday—its first time since October 24—as the ongoing sell-off pushed the leading cryptocurrency more than 51% below its record high of $126,198.  The odds of Bitcoin falling below $30,000 in 2026 stood at 14% on Polymarket, while the chances of the asset sliding below $50,000 rose to 62%.  Does Crypto Need A New Narrative?  Bitcoins

06-25

Coinbase opens Luxembourg MiCA hub as EU deadline nears

Coinbase has established Luxembourg as its European crypto hub under the EUs Markets in Crypto-Assets framework, one year after securing a license from the Commission de Surveillance du Secteur Financier.  SummaryCoinbases Luxembourg hub now gives it a single MiCA route to serve users across Europe.Ripples recent CASP approval now keeps Luxembourg central to regulated crypto payments growth in Europe.Binances Greece setback shows MiCA access may split licensed exchanges from slower rivals across Europe.  The company used its latest office opening to confirm Luxembourg as its MiCA home for all 27 EU member states. The setup allows Coinbase Luxembourg S.A. to offer crypto-asset services across the EEA through passporting.  “Luxembourg is officially our MiCA home,” Coinbase said on X.  The exchange said it plans to welcome users from across the EU under one licensing base. It has also pointed to Luxembourgs financial sector, blockchain laws, and clear oversight as reasons for the move.  Luxembourg is officially our MiCA home ????????  You might also like:  Coinbase CEO says broken finance is pushing users to crypto  MiCA passport widens market access  Coinbase secured its MiCA license from the CSSF in June 2025. As crypto.news reported, the license lets the exchange expand services to customers across all 27 EU member states. Coinbase had

06-25

Coinbase CEO says broken finance is pushing users to crypto

Coinbase CEO Brian Armstrong said crypto has become a bipartisan issue in Washington as voters and lawmakers question the current financial system.  SummaryArmstrong frames crypto as financial access as Coinbase expands products through acquisitions and regulated derivatives.Deribit gives Coinbase a broader trading stack as more acquisition targets remain under review globally.The remarks place policy, stablecoin rewards, and mergers at the center of Coinbases growth strategy.  In a POLITICO interview, he said “theres something like 80% of Americans” who feel the system is not working for them.  Armstrong cited fees, slow payments, and unequal access as reasons for public frustration. He said crypto can act as a “democratizing force” by giving more people access to financial services.  You might also like:  Top Chinese Bitcoin miner sees BTC bottom at $42k-$44k in late 2026  The Coinbase chief said support for crypto now cuts across party lines. He said Democrats often view the industry through access and inclusion, while Republicans focus on national security, dollar strength, and keeping financial innovation in the United States.  He also defended stablecoin rewards and said banks should compete if customers can earn more on digital dollars. His comments came during a wider debate over crypto bills, banking rules, and the role of private companies

06-25

HYPE whales pull $23mln from exchanges – Next targets $66 and…

Large holders increased their exposure to $HYPE as the token traded near the key $60 support area.  According to Lookonchain, a newly created wallet withdrew 278,827 $HYPE worth approximately $17.45 million from Coinbase Prime.  Shortly afterward, wallet 0x2386 returned after a month-long pause and removed another 96,930 $HYPE valued at roughly $6.01 million from BitGo.  Together, the transactions accounted for more than 375,000 $HYPE and over $23 million in withdrawals.  Rather than moving tokens onto exchanges, both wallets transferred assets into private custody.  This behavior reduced the immediately available supply and highlighted growing conviction among larger market participants.  The timing also attracted attention because the accumulation occurred while Hyperliquid [$HYPE] traded directly above one of its most important technical support zones.  $HYPE retail activity remained muted despite whale demand   Retail participation remained subdued even as whale activity accelerated.  The retail activity through Trading Frequency metric continued signaling “Few Retail,” indicating that smaller traders had not entered the market aggressively despite the sizeable withdrawals.  That divergence suggested larger investors drove recent positioning around $HYPE.  Unlike rallies fueled by widespread speculative demand, the current structure reflected accumulation from a relatively small group of market participants.  In addition, the lack of retail involvement indicated that market conditions had not reached euphoric levels.  Although muted retail

06-25

3 explosive signals that Bitcoin is headed for a major plunge! Is $57K next?

Bitcoin [$BTC] is up 0.53% in the past 24 hours but trades in a 3% drawdown over the past seven days. The cryptocurrency has struggled to reclaim its initial strength that took it above $80K in mid-May.  In fact, a couple of metrics show that Bitcoin price is more likely to drop than reclaim higher levels. However, this prediction is not certain, but when many indicators rhyme, such moves tend to align.  Liquidation data suggest more decline  For instance, the liquidation data from the 30 major exchanges over the past month show a cluster of orders at $57,300. This zone rests well below the current levels.  Worth noting, there is another massive liquidation cluster at $70K, which is a bit far compared to the $57.3K level.  Since price tends to follow liquidity in close proximity, $BTC may drop to $57.3K. However, for such to happen, $BTC has to lose more strength.  Source: Alphractal  Of the cluster below current price action, the lowest significant cluster is at $47,300, which is also a possibility.  What‘s reinforcing $BTC’s drop?  Apart from the liquidity magnet resting below, Bitcoin has broken below the Rainbow Chart for the second time in history.  Since inception, $BTC has traded with the Rainbow Chart channel, but in 2022, it

06-25

Is This the Hidden Reason Behind Bitcoins $23K Collapse in Just 6 Weeks?

The old saying – sell in May and go away – proved to be right once again for the cryptocurrency markets. It was just six weeks ago when bitcoin had evidently reclaimed the $80,000 level and even surged to a multi-month peak at almost $83,000. The sentiment was gradually improving and there were even calls for $100,000 by the summer.  However, the tides turned viciously and the asset was rejected vigorously. Its decline since then has been nothing short of painful, dumping below $60,000 earlier today for the second time in June.  Is This Why?  Popular analyst Ali Martinez brought out the Coinbase Premium metric earlier today as the markets were crashing to fresh low. CryptoPotato reported when $BTC dumped below $60,000 but managed to maintain above the $59,000 level and has now reclaimed the former.  According to Martinez, though, the metric that stands out the most for the past six weeks or so is the one that tracks how much $BTC costs on Coinbase compared to Binance. In general, if the Premium is in the green, it means US investors (typically institutions) are accumulating bitcoin en masse on Coinbase, pushing its price there above the levels on international exchanges.  However, the last 46 days

06-25
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