Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
The company said the accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.
Increased transaction efficiency without rising demand may challenge Bitcoin's long-term network security as miner revenue declines.
Altcoin momentum is showing signs of recovery, but can they sustain their momentum before 2026 ends?
October 28, 2026, 6:00 amApplications importing PSBTs can miscalculate miner fees and miss an excessive-fee warning if they rely on the vulnerable library's accounting.
October 28, 2026, 5:30 amThe company said the accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.
Dorsey's stance highlights the critical need for Bitcoin's evolution into a widely-used transactional currency to fulfill its original vision.
Majors outpaced bitcoin across the board as tech stocks extended a climb.
Fidelity's dominance in Bitcoin ETF inflows highlights potential market consolidation, raising questions about broader sector investment diversity.
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Bitcoin faces Fed and PCE uncertainty as on-chain data hints at a potential bottom near $80k.
Datavault AI's financial instability highlights the risks of illiquid crypto assets, potentially affecting investor confidence and market trust.
Galaxy sees favorable conditions for bitcoin to retake $125,000, arguing that its bear market ended in June and selling pressure has diminished. Its analysis also cited fiscal pressures and weak investor attention to support its bullish outlook.
China’s AI stock bubble keeps deflating. On October 27, the STAR50 index fell 4.81%, extending a roughly 40% slide from July that erased about $480 billion. Bitcoin, however, holds near $80,400, and two scenarios could decide whether the selloff reaches crypto.