The Bitcoin Street Journal Market UpdateMARA Dumps $1.1B of Bitcoin, Update Your iPhone Now, Fear Hits 10 | Morning Edition
Sunday Morning Edition: mining giant MARA sold 13,597 Bitcoin, about $1.1 billion, in six weeks and plans to sell more, after saying it would hold. A hacking tool aimed at iPhone crypto wallets is for sale underground, so update your phone now. Whales keep buying while mid-sized holders sell, and the Czech National Bank issues its first bonds on a blockchain. THE MARKET TODAY - Bitcoin: $64,322, down 4.2% in 24 hours (range $62,081 to $67,442); down 15.1% on the week, 21.6% on the month - Ether: $1,790, down 5.6% - Total crypto market: about $2.2 trillion, down 6.5%; Bitcoin dominance 58.6% - Fear and Greed: 10, Extreme Fear (down from 13) - Bitcoin is 49% below its $126,080 all-time high THE MINER CASHES OUT - PANews: MARA sold 13,597 BTC ($1.1B) in six weeks, per GSR's Frank Chaparro, to repay debt and fund AI data centers, with more sales planned - MARA still holds about 35,500 BTC - Crowdfund Insider: Metaplanet posts a $170M loss as MSCI removes Strategy and other Bitcoin treasury firms from its indexes UPDATE YOUR PHONE - PANews: SlowMist's security chief flags a remote control tool sold on an underground forum, claiming iOS 13 to 27.2 support, that tries to steal Keychain, chat and crypto wallet data through phishing links - He doubts the newest-iOS claim (possibly an upgraded Darksword kit), but says update now and don't tap unknown links WHO'S BUYING THIS? - CryptoQuant via PANews: wallets holding 1,000+ BTC added about 47,000 BTC in this slide; 100 to 1,000 BTC wallets sold 50,500 - Lookonchain: an Erik Voorhees-linked wallet bought 63,540 ETH ($125M); the "7 Siblings" whale bought 31,484 ETH - CryptoPotato: Strive CEO Matt Cole compares the drop to Bitcoin's slide before SpaceX's IPO, now with Anthropic's listing - Bitwise CIO Matt Hougan: the market feels like mid-2018; a major buying opportunity will come, but its timing is unclear CENTRAL BANKS GO ONCHAIN - Crypto Briefing: the Czech National Bank issues its first tokenized koruna bonds on CSD Prague's DLT platform, with near-instant settlement in central bank money - PANews: Nubank gets a Brazilian banking license and keeps "bank" in its name RAPID FIRE - Bitcoin falls out of the world's top 15 assets by market value, passed by Eli Lilly and Vanguard's S&P 500 ETF - Aave executive: about $39M in liquidations in two days - XRP closes at $0.914, its lowest since November 2024 - Trade.xyz cuts Nvidia contract leverage from 20x to 10x ahead of earnings NOSTR DESK - Sunday reading: long-form articles on Nostr, signed by their writers, and zaps for the authors ON THE SITE TODAY - Digital Asset Treasury Tracker: see which public companies hold, and sell, Bitcoin - Bitcoin Guides: a step-by-step self-custody checklist - Gainers and Losers: the market's biggest movers - News Explorer: search every desk in one place ADVERTISE Readers research hardest in down markets. Security, custody, mining and onchain finance brands can reach them with site display ads, daily newsletter slots, podcast sponsor reads and Nostr posts, bundled into custom packages. thebitcoinstreetjournal.com/advertise LISTEN ANYWHERE Spotify, Pandora, Apple Podcasts, iHeartRadio, Fountain, Pocket Casts, Podcast Addict, and The Bitcoin Street Journal on YouTube. All links: thebitcoinstreetjournal.com/podcast/ Follow, rate and share. General information only, not investment advice.
