The Software-Crypto Trade Is Crumbling – Could Strategy Be Forced to Dump Bitcoin? – BitMine Immersion (AMEX:BMNR)

Once a cash-burning enterprise software firm, Strategy Inc. (NASDAQ:MSTR) – previously known as MicroStrategy Inc. – became the most extreme expression of the Bitcoin age.

Under the vision of Michael Saylor, the company reinvented itself as a publicly listed Bitcoin accumulation vehicle — part software, part crypto treasury, part financial engineering experiment.

For a while, it worked brilliantly.

Between February and November 2024, Strategy shares — still trading under the MicroStrategy name at the time — surged more than 1,000%, marking a 10x increase.

The playbook was simple: issue equity and convertibles, buy Bitcoin (CRYPTO: BTC), let rising prices do the rest.

Investors…

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Bitcoin P2P Traffic Goes Dark

For nearly 15 years, all communication between nodes on the Bitcoin network was transmitted completely in the clear, without any encryption. That changed in 2024 with the adoption of BIP 324, which introduced the “v2” transport protocol for communication between nodes. This new protocol features opportunistic encryption, making the traffic unreadable to passive adversaries capable of monitoring messages between nodes. Since adding support for it in Bitcoin Core 26.0, and enabling it by default in 27.0, it is now used for the majority of global Bitcoin P2P traffic.

Taking a step back, a Bitcoin node’s primary function is exchanging pieces of information that are fundamentally…

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CleanSpark Drops Ahead Of Earnings As Bitcoin Plunges Below $68,000 – Cleanspark (NASDAQ:CLSK)

CleanSpark Inc (NASDAQ:CLSK) shares tumbled on Thursday, as investors brace for the Bitcoin (CRYPTO: BTC) miner’s first-quarter fiscal 2026 earnings report scheduled for release after the market close today.

Analyst Expectations For Q1 Results

Analysts estimate that CleanSpark will report earnings per share (EPS) of $0.09 for the quarter, according to consensus forecasts. The company’s performance comes amid heightened volatility in cryptocurrency markets that has pressured mining stocks across the sector.

Crypto Market Turmoil Weighs On Sentiment

Bitcoin traded at $67,015.29, down 7.49% over the past 24 hours and declining 20.93% over the past seven days.

The CMC Crypto Fear and Greed…

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Scott Bessent ‘Would Not Be Surprised’ If China Was Building Digital Assets Backed By Gold

Treasury Secretary Scott Bessent told the Senate Banking Committee he “would not be surprised” if China was building digital assets potentially backed by gold rather than the yuan, given China’s large sandbox in Hong Kong.

The Gold-Backed Digital Asset Rumors

Senator Cynthia Lummis (R-Wyo.) asked Bessent directly whether China is using digital assets and blockchain to build an alternative to American financial dominance.

Bessent responded, saying, “We don’t know that for sure. There are lots of rumors that China may be developing digital assets backed by something other than the RMB, perhaps gold-based. We haven’t seen that.”

He added a caveat: “But they have a very large sandbox in…

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U.S. Senator Pushes For Bitcoin Tax Breaks With Treasury

Senator Cynthia Lummis (R-Wyo.) signaled that she would be open to meet with Treasury Secretary Scott Bessent’s office to explore potential clarity on Bitcoin taxation, including a de minimis exemption for small transactions and guidance on calculating capital gains.

Lummis was one of the lawmakers who pressed Bessent today on digital assets and clear U.S. regulation. 

Bessent was speaking to the Senate Banking, Housing and Urban Affairs Committee about the Financial Stability Oversight Council’s annual report — essentially a high‑profile Senate hearing on U.S. financial stability where he is being questioned on economic policy and oversight issues.

The hearings have…

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Summer Of Bitcoin Opens Applications For University Students

Summer of Bitcoin (SoB), a global, remote program designed to train university students as contributors to Bitcoin open-source projects, has opened applications for its 2026 cohort. 

The program provides mentorship, real-world development experience, and a stipend paid in Bitcoin. 

Applications will remain open until February 15, 2026.

Summer of Bitcoin offers students a structured environment to contribute directly to Bitcoin and related open-source projects. 

Participants work with experienced mentors and project maintainers, develop technical and collaboration skills, and create verifiable proof of work in public repositories. 

Selected students receive a stipend…

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Bitcoin Falls Over $59,000 In Largest Drawdown Ever

Bitcoin’s price crashed sharply on Thursday, sliding through critical support and dipping near $66,000 in volatile trading — marking what appears to be the largest absolute dollar drawdown on record for the world’s largest cryptocurrency.

The latest plunge comes during a broader global risk-off sell-off, with equities, commodities and digital assets all under pressure. Major U.S. and Asian stock indices weakened on economic growth concerns and inflation data, reinforcing flight-to-safety flows that have cascaded through leveraged risk assets.

Bitcoin’s October 2025 peak — above $126,000 on major exchanges — now sits roughly $59,000 above today’s lows, a drop…

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Is Michael Burry Accidentally Bullish On Bitcoin?

Michael Burry’s latest two-word post — “$BTC Patterns” — came with a simple annotated chart and ignited a debate: was he flashing a warning, or quietly handing Bitcoin (CRYPTO: BTC) bulls a roadmap?

The famed bubble-watcher has been bearish before, but the chart highlights near-identical boom-bust-base sequences in Bitcoin’s history, the kind that sometimes end with a sustained rebound.

Burry’s ‘Pattern’ — Warning Or Roadmap?

On its face, the image reads like a history lesson: rapid run-ups, violent selloffs, then a base that precedes a fresh surge. That’s not a call to buy; it’s pattern recognition.

But in a market where consensus is leaning bearish, a reminder that Bitcoin…

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Crypto Market Structure Bill Pulled ‘Not Because Of What Coinbase Said’: Report – Circle Internet Group (NYSE:CRCL)

Senator Cynthia Lummis (R-Wyo.) on Thursday said the Senate Banking Committee pulled the crypto bill the day before a scheduled vote due to bank concerns about losing deposits, pushing the legislation into spring.

Why The Vote Was Canceled

Lummis told Maria Bartiromo on Fox that the committee had scheduled a markup but pulled it the day before “not because just of what Coinbase had said about it, but because there was other concern.”

The primary concern: banks and credit unions have committee members worried they will lose deposits if crypto firms can pay interest on stablecoins. 

This fear overrode Coinbase (NASDAQ:COIN) CEO Brian Armstrong’s public opposition.

Senate Majority Leader…

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