Cryptocurrency analysis platform Arkham Intelligence stated that the move that took place yesterday and enabled the transfer of 80,000 Bitcoins worth approximately $8 billion may have been due to an address format update, not a sale. According to Arkham’s analysis, the Bitcoin whale in question is moving its assets from the traditional “1-” address format to the more modern and secure Bech32 address format, which starts with “bc1q-.” This is thought to provide increased security, lower transaction fees, and long-term storage for Bitcoin users. Analysts explained the situation as follows: “Yesterday’s $8 billion transfers were most likely related to address format upgrades. There is a shift from 1- addresses to bc1q- addresses. There is no indication that the whale is selling.” Related News: Coinbase Executive Responds to Claims That the Largest Ethereum Short Position in History Has Been Opened Address formats have changed over time on the Bitcoin network: Addresses starting with “1-” (P2PKH): Bitcoin's first address format. Although shorter and more widely used, it does not support SegWit (Segregated Witness), which leads to higher transaction fees. Addresses starting with “3-” (P2SH): Provides multi-signature (multisig) and SegWit compatibility, but still does not offer full throughput. Addresses starting with “bc1q-” (Bech32 format): The latest format that supports full SegWit features. It offers advantages such as lower transaction fees, faster transaction processing, and greater resistance to typos. *This is not investment advice. Continue Reading: Final Word on the Whale Moving $8 Billion in Bitcoin: Here’s the Possible Reason Behind the Transaction
This week, a report disclosed that the Trump family’s crypto holdings crossed $620 million amid a $220 million Bitcoin mining raise. Regulatory activity intensified with U.S. lawmakers announcing an upcoming "Crypto Week" and Ripple settling its long-running SEC dispute. On the other hand, FTX is struggling with repayments in 49 regions, including China, which has a pretty strict crypto ban. Let’s find out more. DeFi Graphite Network’s Phonebook MVP is a practical, real-world application of decentralized tech built to introduce transparency and reputation scoring to phone numbers. Business Stablecoin issuer Circle has formally applied to establish a federally regulated national trust bank in the United States, a move aimed at enhancing oversight of its USDC stablecoin reserves and aligning with evolving regulatory frameworks for digital assets. BlackRock’s flagship spot Bitcoin ETF, IBIT , has become the asset manager’s third-highest revenue-generating fund, sitting only behind the iShares Russell 1000 Growth ETF and the iShares MSCI EAFE ETF. The FTX Recovery Trust has suspended repayments to creditors in 49 regions where cryptocurrency operations face legal restrictions, with Chinese users accounting for the majority of the disputed claims. Fresh disclosures reveal the Trump family’s cryptocurrency holdings have swelled to over $620 million, with memecoins, token sales, and blockchain ventures rapidly becoming one of the most lucrative segments of their portfolio. Trump-affiliated American Bitcoin has raised $220 million to upgrade its mining infrastructure, expand its Bitcoin treasury, and advance plans for a public listing amid growing institutional interest in cryptocurrency mining. Germany’s largest banking group, Sparkassen-Finanzgruppe , will introduce cryptocurrency trading by mid-2026, integrating the service into its flagship banking app while maintaining a cautious stance on digital assets. Web3 Cronos has joined the sub-second blockchain club, rolling out a key upgrade that reduces its block confirmation times by ten times. SCOR on Sweet, a growing Web3 mini-app ecosystem, has announced the launch of its latest mini-game, Flappy Racquet , coinciding with the start of Wimbledon. Inspired by the popular mobile game Flappy Bird, Flappy Racquet introduces an arcade-style tennis experience, allowing users to compete using animated avatars of professional tennis players. Layer 1 blockchain Dymension has kicked off season two of its Genesis Rolldrop, which awards tokens to eligible participants including DYM stakers. In a landmark partnership, Nexo, one of the leading digital assets wealth platforms, will be sponsoring the DP World Tour, the main men’s professional golf tour of the European Tour group, for the next three years. The Zenswap DEX has now launched in beta, promising true cross-chain swaps that eliminate reliance on bridges or wrapped tokens. Regulation U.S. House Republicans have declared a dedicated " Crypto Week " to accelerate passage of landmark bills on digital assets, stablecoins, and CBDC restrictions. The International Monetary Fund (IMF) has dismissed Pakistan’s proposal to provide subsidised electricity rates for crypto mining operations, citing concerns about market distortions and further strain on the country’s already burdened power sector. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Russia-based bulletproof hosting provider Aeza Group , targeting its infrastructure, executives, and a cryptocurrency wallet allegedly linked to illicit activities. Ripple and the United States Securities and Exchange Commission (SEC) have agreed to drop all appeals and end their five-year legal battle. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Hyper, currently ranked first on the total profit leaderboard, has successfully liquidated its long positions in Bitcoin (BTC). The total exposure of these positions amounted to $11.61 million, reflecting a
Hyper, leading the total profit rankings, is strategically accumulating a substantial long position in Bitcoin (BTC). The current exposure has escalated to an impressive $11.17 million, reflecting a significant commitment
The number of Bitcoin blockchain transactions has significantly decreased recently. Despite rising prices, user participation and transaction fees have dropped. Continue Reading: Bitcoin Faces Significant Decline in User Activity Despite Soaring Prices The post Bitcoin Faces Significant Decline in User Activity Despite Soaring Prices appeared first on COINTURK NEWS .
A bank insider and his co-conspirator admitted to running a nine-year fraud scheme that falsified loan applications to obtain funds. In a press release, the U.S. Attorney’s Office for the Southern District of Illinois says that former Tempo Bank senior loan officer Francis Eversman and construction company owner Gregg Crawford pleaded guilty to conspiracy to commit bank fraud in a scheme that spanned between 2011 and 2020. Prosecutors say that Crawford recruited straw purchasers to serve as loan applicants in name only for properties that were often extremely overvalued. His brother-in-law, Eversman, would facilitate the approval process of the loans. Crawford used the proceeds of the loans for purposes other than the purchase of the properties. He also provided fake lease agreements in an effort to show rental income from the properties in question. When the Office of the Comptroller of the Currency became suspicious of the loans during an audit, Crawford told a straw purchaser to provide the regulator with fraudulent information. FBI Springfield Assistant Special Agent in Charge Karen Marinos says the duo violated the people’s trust by carrying out self-serving schemes to increase their wealth. “Every American citizen deserves to walk into their bank and trust the people behind the counter. In southern Illinois, these people are usually our neighbors and friends, people that we trust with our money and wellbeing. “ Eversman and Crawford will be sentenced on October 14th. They face up to 30 years in prison, five years of supervised release and fines of up to $1 million. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bank Insider Admits to Nearly Decade-Long Scheme of Falsifying Loan Applications To Steal Funds: DOJ appeared first on The Daily Hodl .
XRP is demonstrating renewed bullish momentum as it retests the critical $2.40 resistance level following a decisive breakout from a descending trendline. The recent SEC approval for the Grayscale Digital
PlanB predicts a Bitcoin RSI rise could lead to a significant market rally. Historical trends indicate multi-month rallies follow Bitcoin's RSI exceeding 75. Continue Reading: PlanB Predicts Bitcoin’s RSI Surge Will Ignite a Significant Rally The post PlanB Predicts Bitcoin’s RSI Surge Will Ignite a Significant Rally appeared first on COINTURK NEWS .
The Non-Fungible Token (NFT) market is showing signs of a strong comeback . After a period of slowed momentum, digital collectibles have rebounded with a 10.44% increase in total sales volume, reaching $136.5 million. This marks the second straight week of growth for the sector, signaling renewed interest among traders and collectors. Strong Crypto Prices Support NFT Growth The rise in NFT sales is coinciding with the broader crypto market’s upward trend. Bitcoin (BTC) has climbed to $108,000, while Ethereum (ETH) has also gained 3.6% over the past week. The global crypto market cap is now $3.33 trillion, higher than last week’s $3.21 trillion. This growth in top crypto assets is revitalizing the NFT sector, attracting both seasoned investors and newcomers. Although the sales volume has increased, the number of NFT transactions has dropped by nearly 20%. However, the number of buyers stayed the same, and the number of sellers increased by 8.09%. This means that fewer trades are occurring, but the trades that do take place are larger in value. Immutable Leads as Polygon Gains Ground Among all blockchains, Immutable remains the leader in NFT sales. It generated $43.9 million this week, representing a 30% increase from the previous week. Its growth continues to be helped by popular gaming collections. The platform also has very low wash trading, meaning most of the activity is real and organic. Polygon, now known as POL (formerly MATIC), moved into second place with $25 million in sales. That is a 51.53% increase from last week. However, Polygon’s wash trading rose sharply, reaching over $564,000. Ethereum blockchain dropped to third place with $22.5 million in NFT sales, a 8.63% decrease. Wash trading on Ethereum also increased slightly. Still, the Ethereum network remains one of the most used blockchains in the NFT space. Other blockchains, such as Mythos, BNB Chain, and Bitcoin, also remained active. Mythos experienced a slight increase in sales, while BNB saw a corresponding drop. The Bitcoin network reached $8.7 million in sales, representing over 12% growth. In terms of buyers, Polygon saw the highest increase, followed by Bitcoin and Mythos. Gaming NFTs are also gaining ground, with top collections like Guild of Guardians Heroes and The Courtyard seeing strong sales growth. CryptoPunks Reclaim the Spotlight CryptoPunks, one of the oldest and most well-known NFT collections , is rising again. It climbed to ninth place with $2 million in sales, and the collection has seen improvements in both activity and user interest. Some CryptoPunks were sold for very high prices. One Punk sold for 150 ETH, equivalent to approximately $389,000. Others sold for between $150,000 and $200,000. This shows that collectors are still willing to pay large amounts for rare NFTs. The post NFT Market Heats Up Again as Crypto Rally Boosts Sales appeared first on TheCoinrise.com .
Traders on leading prediction markets are placing increasingly bullish bets that bitcoin ( BTC) will achieve record highs by the end of 2025, with overwhelming odds favoring a surge past $120,000. Prediction Markets Signal Confidence in Bitcoin Price Surge to $125K+ Prediction markets let traders buy and sell contracts tied to the outcome of real-world