Suvashree Ghosh

Hackers hit bitcoin's safest hiding place in ongoing attack The latest missing money stems from a software flaw in what's known as a ‘cold' Bitcoin wallet hosted by Canada-based Coinkite.

A US judge blocked the Defense Department from enforcing its designation of WuXi AppTec Co. as a Chinese military company, granting temporary relief to the major pharmaceutical contractor.

Spot Bitcoin exchange-traded funds recorded their largest outflows last week since the end of June, reversing a strong start to August.

The renewed selling comes as bitcoin languishes around $63,000, down some 50% from its record high.

Strategy hasn’t bought Bitcoin since the middle of June.

Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s successful move to push US bond yields lower and a high-stakes meeting President Donald Trump held with industry leaders.

Bitcoin rose by more than 4% in early Asia trading Friday, continuing a tear that began Wednesday after the US Treasury revealed plans to rein in long-term bond yields.

A short squeeze, falling US bond yields and renewed institutional inflows have fuelled the cryptocurrency's sharp rebound.

Bitcoin continued its rally on Friday, putting the token on track for its best weekly gain in more than three years.

Spot Bitcoin exchange-traded funds had their strongest weekly inflow in 10 months last week as the original cryptocurrency surged.