Bitcoin Price Drops to 2 Cents on Revolut Due to Service Disruption
Bitcoin's price temporarily fell to around 2 cents on Revolut, attributed to a third-party service disruption, according to reports from Decrypt.
On March 4, 2026, Bitcoin experienced a dramatic drop, briefly trading at approximately 2 cents on the financial platform Revolut. This unprecedented price decline resulted from what Revolut referred to as a disruption caused by a third-party service, affecting users' ability to buy, sell, and transfer Bitcoin.
This incident raises concerns about the vulnerabilities in cryptocurrency exchanges and the implications of relying on third-party services for operational stability. While such price fluctuations are not uncommon in the volatile cryptocurrency market, the severity of this decline reflects the potential impact of external factors beyond the currency's inherent market dynamics.
Looking ahead, it will be important to monitor how Revolut addresses this disruption and the measures it implements to safeguard against future occurrences. Additionally, observers may want to assess broader market reactions and any potential regulatory discussions that might arise in response to this event.
Summary based on original reporting by Andrew Hayward at Decrypt, originally published May 8, 2026. SolanaWire does not republish source content.
Summer.fi Halts Lazy Summer Vaults After $6 Million Exploit
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults following an exploit that drained approximately $6 million from the platform, according to CoinDesk. The SUMR token fell over 18% after the incident was reported by several blockchain security firms, including Blockaid and PeckShield.
1 hour ago·CoinDesk·Reported by Francisco Rodrigues
Cantor Fitzgerald Highlights Importance of STRC for Strategy's Recovery
Cantor Fitzgerald emphasizes that restoring Strategy's preferred shares, STRC, to par is crucial for the company's recovery and its ability to resume bitcoin acquisitions, according to a report by CoinDesk. The Wall Street bank expects management to undertake frequent actions to stabilize its capital structure and benefit both preferred and common shareholders.
2 hours ago·CoinDesk·Reported by Will Canny
Bitmine Expands Ethereum Holdings by $74 Million Amid Regulatory Optimism
Bitmine Immersion has acquired an additional 42,197 ether, valued at approximately $74 million, as reported by CoinDesk. Chairman Tom Lee suggests this increased investment is driven by rising optimism toward the Clarity Act, which may improve regulatory clarity in the cryptocurrency space.
2 hours ago·CoinDesk·Reported by Krisztian Sandor
Vitalik Buterin Announces Major Overhaul for Ethereum's Future
Ethereum co-founder Vitalik Buterin reveals a new roadmap for the blockchain, indicating a comprehensive reconstruction over the next three to four years. This redesign, part of the 'Lean Ethereum' initiative, aims to enhance security, privacy, and scalability, marking a significant transition since the shift to proof-of-stake, according to Decrypt.
2 hours ago·Decrypt·Reported by Decrypt Agent
Trending this week
Securitize Plans Acquisitions with $400 Million Following NYSE Debut
Securitize intends to pursue acquisitions of complementary businesses with the $400 million it raised through its recent public listing, as reported by CoinDesk. CEO Carlos Domingo emphasizes the firm's focus on expanding its institutional tokenization services rather than acquiring competitors.
29 minutes ago·CoinDesk·Reported by Krisztian Sandor
Strategy Sells $216 Million in Bitcoin for Preferred Dividends
Strategy, a major corporate holder of Bitcoin, sold 3,588 BTC worth $216 million to fund preferred stock dividends, amid an $8.3 billion loss related to its digital assets, according to Decrypt. The company retains 843,775 BTC and has a cash reserve of $2.55 billion.
2 hours ago·Decrypt·Reported by André Beganski
Crypto Prices Rise Over Holiday Weekend Amid ETF Inflows
Following the July 4 holiday weekend, major cryptocurrencies see significant price increases, according to Decrypt. Bitcoin rebounds to over $63,000, while Solana climbs to $81 and Ethereum jumps to $1,770, with a key factor being positive ETF inflows.
3 hours ago·Decrypt·Reported by Tyler Warner
Michael Saylor's Company Sells 3,588 Bitcoin for $216 Million
On July 6, 2026, CoinDesk reports that Michael Saylor's Strategy sold 3,588 bitcoin, totaling about $216 million, to strengthen its dollar reserves for preferred stock dividends. The sale reduces the company's total bitcoin holdings to 843,775 BTC.
3 hours ago·CoinDesk·Reported by James Van Straten
