Cryptocurrency Live News & Updates : Coinone Prevails in Court Over Bitcoin Withdrawal Dispute
Coinone successfully appealed a ruling, requiring five customers to return bitcoin that was mistakenly withdrawn twice due to software errors during network congestion. In a significant legal victory, Coinone has won an appeal that mandates five customers to return bitcoin that was erroneously withdrawn twice due to a software glitch during a period of heavy network congestion in late 2017 and early 2018. This incident highlights the challenges exchanges face during peak transaction times. Meanwhile, Nasdaq-listed Riot Platforms reported a 12% decline in Bitcoin mining output for June 2025, mining only 450 BTC compared to 514 BTC in May, while increasing its total holdings to 19,273 BTC. In another development, Tether has partnered with Adecoagro to utilize renewable energy for Bitcoin mining in Brazil, aiming to stabilize power grids and enhance crypto adoption. Tether's CEO emphasized the importance of integrating agricultural energy production with digital infrastructure. Additionally, BlackRock's IBIT ETF has emerged as the third highest revenue-generating fund, showcasing the growing interest in cryptocurrency investments. Lastly, RICH Miner is simplifying cloud mining, offering users real-time passive returns and a secure platform, appealing to a diverse range of investors looking for low-risk asset growth. Show more
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Cryptocurrency Live News & Updates : Singapore Fines Firms in $2.2B Money Laundering Case
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Is Elon Musk secretly hoarding this rare asset? The internet thinks it's figured it out
Elon Musk quietly stacking Bitcoin? Here's why crypto watchers are buzzing- Billionaire Elon Musk is once again in the spotlight — not for rockets or electric cars this time, but for something quietly building in the background: Bitcoin. A subtle move on X (formerly Twitter), where Musk liked a comment speculating that he might be 'quietly stacking BTC,' has sent crypto Twitter into a frenzy. While there's no official announcement, the action has reignited discussions about Musk's interest in Bitcoin investments, especially given Tesla's past involvement with the cryptocurrency. And with Bitcoin surging 85% in value over the past year, the timing couldn't be more intriguing. Is Elon Musk secretly buying more Bitcoin? The buzz started on July 2, when the crypto-focused handle @VandelayBTC pointed out Musk's silence on Bitcoin lately. That's when another user, @coinjoined, suggested that perhaps Musk was just 'quietly stacking BTC.' 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Blinkist: Warren Buffett's Reading List Click Here Undo Despite pausing BTC payments, Tesla did not liquidate its entire position. Instead, it retained a sizable Bitcoin portfolio, which has likely appreciated given recent market trends. According to the latest data: Live Events Tesla holds about 11,500 BTC, worth over $1.2 billion at current prices. SpaceX reportedly owns around 8,285 BTC, valued at roughly $895 million. Combined, Musk's companies are sitting on nearly $2 billion in Bitcoin, with more than $1.5 billion in unrealized gains since their original purchases at an average of ~$32K per coin. Clearly, Musk hasn't lost faith in Bitcoin—even if he's been keeping a low profile about it. Why is Bitcoin back in the spotlight now? As America marked Independence Day on July 4, crypto enthusiasts took the opportunity to reflect on Bitcoin's original pitch — financial freedom. And the numbers speak for themselves. Over the past year, Bitcoin has surged nearly 85%, jumping from its July 2024 levels to trade at $107,750.71 as of July 4, 2025, based on Kraken's price feed. With a market cap of $2.1 trillion, Bitcoin now accounts for more than 60% of the global crypto market, which stands at $3.3 trillion overall. What does this mean for the crypto market? Bitcoin is currently leading a red-hot crypto market valued at $3.3 trillion , with BTC alone accounting for over $2.1 trillion of that total. The top cryptocurrency now dominates over 63% of the global crypto market. And Musk isn't the only big player in the game. More than 130 public companies now hold Bitcoin on their balance sheets—worth a combined $87 billion , representing over 3.2% of the coin's total supply . So when a figure like Musk hints—even subtly—that he might be buying more, the entire industry takes notice. Is Musk's silence a strategic move? Musk hasn't tweeted directly about Bitcoin in quite a while. But liking a comment like the one from @coinjoined might be his way of subtly signaling renewed interest. Some experts believe this could be a deliberate tactic. By staying quiet and offloading hype, Musk could avoid scrutiny while accumulating BTC quietly, especially if he sees long-term upside. Remember, Musk has previously influenced crypto markets significantly, with simple tweets affecting prices of assets like Bitcoin, Dogecoin, and Ethereum. What does this mean for crypto investors? If Musk is indeed accumulating Bitcoin again, it could be a major signal for crypto investors. While no one can say for sure what his next move is, the combination of rising prices, strong market dominance, and renewed curiosity from influential figures makes Bitcoin investment a hot topic again. Still, as always, this isn't financial advice. As TheStreet noted in their original report, anyone thinking of entering the crypto market should do their own research and stay aware of risks. Elon Musk's quiet gesture has once again shaken the crypto community. Whether it's a sign of future moves or just a personal preference, his influence in the Bitcoin space remains powerful — even when he says nothing at all. FAQs: Q1: Is Elon Musk secretly buying Bitcoin again in 2025? Yes, Musk's recent activity on X hints he might be quietly stacking Bitcoin again. Q2: How much Bitcoin does Tesla currently hold? Tesla holds over $1 billion worth of Bitcoin, as per public records.
