Riot Sells 3,778 BTC in Q1 as Miners' Profit Squeeze Intensifies

Published at 2026-04-03 03:45:14

Riot offloaded 3,778 BTC in the first quarter, and on-chain tracker Arkham recorded an additional 500 BTC outflow from the miner on Thursday. The moves come as publicly traded miners face a profit squeeze, prompting increased liquidations to cover operating costs and capital expenditures.

The selling appears broader than a single firm: MARA Holdings, Genius Group and Nakamoto Holdings together moved 15,501 BTC over the past week, according to on-chain data. That collective supply into the market raises the risk of near-term downward pressure on BTC prices and underscores how miner balance-sheet management is becoming a more influential factor for crypto markets.

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MarketVector and Coinbase unveiled an index tracking Bitcoin (BTC) alongside tokenized gold tokens PAXG and XAUT, highlighting a blended benchmark for digital and hard-asset value. The launch reflects growing interest in crypto as a store of value as Bitcoin’s equity correlation rises and gold posts stronger returns.

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Published at 2026-04-09 16:30:39

NYT Names Adam Back as Satoshi; Back Denies, Ripple CTO Says 'Case Closed'

The New York Times published an 18‑month investigation linking Adam Back to Satoshi Nakamoto using stylometric analysis, interviews, and historical research; Back has denied the claim. Ripple’s CTO responded by calling the matter 'case closed' as the crypto community digests the report.

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Published at 2026-04-09 13:15:12

Bithumb Sues to Recover 7 BTC Lost in February Payout Error

Bithumb has asked a court for an asset freeze to reclaim the remaining 7 BTC mistakenly paid out in February. The South Korean exchange is turning to legal action after internal recovery efforts failed to secure the funds.

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Published at 2026-04-09 08:15:17

Ripple CTO Says Satoshi’s Bitcoin Keys Are Likely Lost Forever

Ripple CTO David "JoelKatz" Schwartz said the private keys to Satoshi Nakamoto’s estimated $70 billion Bitcoin stash are most likely irretrievable. His remark on April 9 highlights renewed attention on Bitcoin’s long-term supply dynamics.

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Published at 2026-04-09 06:15:10

Cango Sells 2,000 BTC, Cuts March Mining Costs by 19%

Cango said it sold 2,000 BTC to retire debt and reported a 19% reduction in March bitcoin production costs as it shifts strategy toward energy and AI infrastructure. The moves aim to strengthen the balance sheet and improve unit economics.