Bitcoin Holds $77K as Trump Media Shifts $205M BTC, Cuban Exits, Satoshi Quantum Plan Floated

Bitcoin News

Trump Media & Technology Group, the parent firm behind Truth Social, has shifted another 2,650 Bitcoin worth roughly $205 million to Crypto.com, intensifying scrutiny of its troubled treasury strategy. On-chain data shows the deposit landed during late U.S. trading hours, with the asset changing hands near $77,341 at the time of the move. The transfer follows an earlier 2,000 BTC outflow four months ago when prices hovered near $87,378. With the latest shuffle, the company has now moved a significant slice of its original 11,542 BTC stack purchased at an average price of $118,522 per token, deepening questions about its long-term conviction.

The accounting math behind the company's bitcoin bet has turned punishing. With BTC trading well below the $118,522 average acquisition price, the firm is now sitting on roughly $455 million in unrealized losses, a substantial hit relative to its $1.37 billion total spend. The bearish signal was compounded by the recent withdrawal of its spot Bitcoin ETF application, a move analysts attributed less to regulatory friction and more to deteriorating economics across the crowded spot ETF segment. Pressure intensified further after a first-quarter net loss of $405.9 million was reported on revenue of only $871,200, exposing the structural fragility of the strategy.

Billionaire investor Mark Cuban has offloaded the majority of his Bitcoin position, citing failure of the digital gold thesis during recent geopolitical stress. Cuban pointed specifically to the divergence between gold and BTC during the Iran conflict, when bullion surged toward $5,000 while the cryptocurrency slid despite dollar weakness. He noted that the asset failed to deliver in precisely the scenario where it should have outperformed, calling the divergence the breaking point in his thinking. His broader frustration extends across the sector, with the investor stating crypto still lacks a mainstream consumer application. The exit reflects growing capitulation among long-tenured holders during this bear market rotation.

Hyperliquid's native token HYPE printed a fresh all-time high above $62, with related exchange-traded product flows reaching approximately $70 million as institutional demand for the perpetuals platform deepened. The rally unfolded as broader majors traded sideways, with Bitcoin pinned near $77,000 and traders rotating capital toward higher-beta names. HYPE's outperformance has positioned it as one of the standout protocol tokens of the cycle, drawing comparisons to early growth phases of leading layer-one networks. The strength comes amid expanding open interest on the platform and continuing inflows into dedicated investment vehicles, signaling that capital is migrating toward derivative-focused infrastructure even as spot momentum cools.

A new research proposal from security firm AmericanFortress claims a multi-layer quantum defense system could shield Satoshi Nakamoto's dormant 1.1 million Bitcoin and other exposed coins from future quantum attacks. The framework would activate through a soft fork at the blockchain protocol level, freezing and protecting addresses with revealed public keys before sufficiently powerful quantum machines arrive. The proposal directly engages the so-called Satoshi problem, which has stalled every prior defense scheme due to the impossibility of forcing dormant owners to migrate. Roughly 6.9 million coins, including the founder's stash, are considered structurally vulnerable. The plan is one of the most concrete responses yet to long-term quantum risk.

MegaETH has officially wound down its Terminal program and ended its points campaign earlier than originally scheduled, marking a notable adjustment for one of the most-watched performance-focused Ethereum scaling efforts. The decision closes a chapter that had attracted heavy speculative interest from yield hunters chasing prospective token allocations. While the team has not publicly outlined the full reasoning, the move comes amid a broader industry recalibration around points-based incentive systems, which have faced criticism for failing to convert speculative deposits into durable activity. The early closure shifts the project's narrative toward fundamentals, with focus now turning to mainnet readiness and ecosystem traction.

Bitcoin's spot tape reads cautious, with the most recent candlestick structure pinned between immediate support at $76,805 and resistance at $78,543. RSI at 47.38 sits in neutral territory, reflecting indecision rather than momentum, while the bearish MACD signal favors continued pressure. A clean break above $78,543 would open a path toward $80,123 and potentially $82,806; failure to hold $76,805 risks an extension toward the deeper $75,080 and $72,634 supports. The thesis flips constructive on a sustained reclaim of $80,000 with rising volume, while loss of $75,080 would invalidate the consolidation interpretation entirely and reopen downside.