Ionic Digital pops 25% on Nasdaq debut as it pivots Celsius mining assets toward AI compute

Ionic Digital rose 25% in its Nasdaq debut, reshaping Celsius Mining assets for AI infrastructure and assuming direct site control from Hut 8—a signal of miners’ evolving playbook.

Bitcoin’s Pop Stalled at the Fibonacci “Golden Zone” — Why the Setup Still Skews Bearish

Bitcoin’s rally to $66,921 faded at the Fibonacci zone, with BTC near $63,400 as leverage unwinds. With a death cross, RSI 46.5, and a nine-bar squeeze, odds favor $55K before $84K.

Saylor Casts Bitcoin’s Code as a “Constitution,” Expands Fight Beyond BIP-110 to Covenants and Bigger Blocks

Michael Saylor reframes Bitcoin governance as constitutional law, opposing BIP-110, covenants, and larger blocks. With miner support at 2.64%, activation looks unlikely.

Morgan Stanley Launches Ethereum and Solana ETFs With Lowest Fees and Staking Rewards

Morgan Stanley unveils ETH and SOL ETFs with the market’s lowest fees and staking rewards, roughly 2.5 years after spot bitcoin ETFs began trading. Here’s what shifts next.

MicroStrategy pauses BTC buys for 5th week, boosts USD reserves to $3.75B after $544.5M MSTR sale

MicroStrategy hasn’t added bitcoin for five weeks, lifting USD reserves to $3.75B after selling $544.5M in MSTR stock. Why the dry powder matters more than the headline.

Benchmark holds $570 MicroStrategy target, says larger cash buffer fortifies BTC accumulation strategy

Benchmark reaffirms its $570 target on MicroStrategy, highlighting tighter capital discipline, a larger cash reserve, and a persistent long-horizon Bitcoin acquisition plan.

Benchmark: Metaplanet’s brokerage pact downplays its 4–6% bitcoin-backed ‘Bitbonds’ vision

Benchmark argues Metaplanet’s brokerage deal understates plans to issue 4–6% bitcoin-backed bonds and later migrate to on-chain rails with stablecoin settlement.

TD Cowen slashes Nakamoto price target 58% as Bitcoin reset spotlights balance sheet strain

TD Cowen cut its target on David Bailey’s Nakamoto by 58%, citing a reset Bitcoin outlook and capital-structure pressure. Here’s why BTC drawdowns can amplify financing risk.

Strategy Lifts USD Reserve to $3.75B, Extends BTC Buying Pause to Five Weeks, Initiates $25M STRC Buyback

Strategy boosts its cash buffer by $525M to cover 2.1 years of obligations, holds BTC at 843,775, taps $1B preferred buyback with a $25M STRC purchase, and sells $544.5M of MSTR.

IBIT-Led $465M Pullback Exposes How Bitcoin ETFs Now Trade Like Macro Risk

U.S. spot Bitcoin ETFs saw $465M in two-day outflows, led by BlackRock’s IBIT, as oil topped $100 and rate-hike odds rose. The move flipped a seven-day $1B inflow streak.