📊 TradingView data shows Bitfinex bitcoin margin longs rose to 80,636 BTC, the highest since December 2023. This increase of about 1.5% in recent days and roughly 10% year-to-date comes despite bitcoin's decline of 13% this year, dropping from above $80k to around $76k. Bitcoin is now testing the True Market Mean and short-term holder realized price near $78k, with the 200-day moving average above $81k.
💰 A16z led a $30 million funding round for the company Catena. Catena also received approval to apply to the OCC for a National Trust Bank license. #regulation
🕵️ South Carolina Governor signs a bill into law that permits businesses to use Bitcoin and crypto for transactions. The law also prohibits the government from transacting in a CBDC. #regulation
🕵️ 600,000,000 $USDT (599,778,000 USD) transferred from #HTX to Tether Treasury
🛡️ According to the Financial Times, Amsterdam-based euro stablecoin project Qivalis has secured backing from 37 European banks, including BNP Paribas, ING, UniCredit, ABN AMRO, Intesa Sanpaolo, and Rabobank. The project aims to promote euro stablecoin adoption and counter the dominance of U.S. dollar stablecoins in the crypto market, where the vast majority of the roughly $320 billion in circulating stablecoins are dollar-denominated. #stablecoin
🕵️ 600,000,000 $USDT (599,814,000 USD) transferred from Tether Treasury to #HTX
💰 Perp DEX Variational raised $50 million in a Series A round led by Dragonfly.
🕵️ According to on-chain analyst Specter, a Kraken and Coinbase user lost $6.7 million, likely due to a physical attack. The victim’s Kraken account saw withdrawals of 1,554 ETH, worth about $3.3 million, and 10.5 BTC, while 34.1 cbBTC, worth about $2.6 million, was withdrawn from Coinbase. Specter noted that the attackers have laundered the stolen funds, with $5.3 million deposited into Tornado Cash. #hack
🕵️ According to on-chain analyst Specter, a Kraken and Coinbase user lost $6.7 million, likely due to a physical attack. The victim’s Kraken account saw withdrawals of 1,554 ETH, worth about $3.3 million, and 10.5 BTC, while 34.1 cbBTC, worth about $2.6 million, was withdrawn from Coinbase. Specter noted that the attackers have laundered the stolen funds, with $5.3 million deposited into Tornado Cash. #hack
🤔 Plume has received a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA) and plans to launch what it describes as the world’s first regulated onchain asset vault. The vault will support the onchain distribution of regulated tokenized assets under AML standards modeled on Bermuda stablecoin regulations and the U.S. GENIUS Act. Plume also noted that Bermuda’s DAB regime has licensed major crypto firms, including Circle and Coinbase. #regulation
📊 Tether said it has acquired SoftBank’s stake in Twenty One Capital (XXI), with SoftBank representatives stepping down from Twenty One’s board after the transaction closed. Following the news, TradingView data showed Twenty One shares rose 5.6% to $8.05 in pre-market trading.
Twenty One is led by Strike founder Jack Mallers and holds 43,514 BTC, making it the second-largest public company holder of Bitcoin.
Twenty One is led by Strike founder Jack Mallers and holds 43,514 BTC, making it the second-largest public company holder of Bitcoin.