Bitcoin Cash (BCH) saw unexpected movement late Friday, coinciding with the largest ever transfer of dormant Satoshi-era Bitcoin (BTC). BCH surged to $483.67 following a suspicious transaction involving over 10,000 BCH (worth nearly $5 million), raising concerns of a potential private key compromise. Conor Grogan, a director at Coinbase, flagged the BCH transaction as being tied to one of eight legacy whale wallets. These wallets, inactive since 2011, each moved 10,000 BTCtotaling 80,000 BTC or $8.5 billionjust one hour after the BCH test. The BTC was sent to newly created SegWit addresses,...

Billions in long-dormant Bitcoin were mysteriously moved today, sparking speculation of a potential private key hack. Conor Grogan, director at Coinbase, suggested theres a small chance this could be the result of a security breach, possibly making it the largest crypto theft in history. According to Grogan, the movement may have been preceded by a test transaction on Bitcoin Cash (BCH), which shares private keys with corresponding BTC wallets. This low-profile move could have allowed the attacker to verify access without drawing attention, as the BCH blockchain is less monitored. Notably,...

British cypherpunk and Blockstream CEO Adam Back has made a bold claim that Bitcoins market cap could eventually reach $200 trillion. This staggering prediction surpasses current global benchmarks: the SP 500 is valued at around $40 trillion, representing 40% of global equities; gold, the traditional safe-haven asset, holds a market cap of approximately $13 trillion; and global GDP stands near $105 trillion. Even the total value of global real estate, currently estimated at $300 trillion, just slightly eclipses Backs Bitcoin target. Backs ultra-bullish outlook hinges on concerns over rampant...

A massive dormant Bitcoin whale has reemerged, transferring 80,000 BTCvalued at approximately $8.7 billionin just four hours, according to on-chain analytics firm Lookonchain. The transactions, tracked by blockchain monitoring service Whale Alert, involved eight separate transfers of 10,000 BTC each. These are the first movements of this particular Bitcoin stash since 2011. Originally acquired during Bitcoins early dayslikely when BTC was priced under $4each 10,000 BTC bundle is now worth over $1.08 billion. This means the unidentified whale has gained more than $8 billion in unrealized...

NEAR Protocols native token slumped 5.42% on Friday, falling from $2.294 to $2.170 within 24 hours, even as Bitwise launched its NEAR Staking Exchange-Traded Product (ETP), a move aimed at boosting institutional exposure. The decline came amid a broadly subdued day in the crypto market, with Bitcoin also pulling back from recent highs. Bitwises new NEAR Staking ETP offers regulated investors access to staking rewards through a traditional financial product, a major step for mainstream adoption. Despite this development, NEAR saw intensified bearish momentum during the U.S. morning hours,...

The Bank of Canada is advancing its research into a potential digital Canadian dollar, unveiling a new technical blueprint focused on privacy, decentralization, and everyday use. In partnership with MITs Digital Currency Initiative, the central bank tested the OpenCBDC 2PC model, a two-phase commit system designed to mimic the anonymity and simplicity of physical cash. The proposed model allows Canadians to hold digital funds in self-custodied wallets, enabling peer-to-peer transactions without revealing personal identities to banks or payment processors. The system separates user identity...

Solana-based memecoin BONK has slightly pulled back after a 21% rally earlier this week but remains in bullish territory as trading activity intensifies. As of now, BONK is trading at $0.00001673, showing a modest 1.68% gain after a volatile 24-hour window that saw prices swing between $0.00001606 and $0.00001751an intraday range of 9.4%. Investor excitement is being fueled by speculation surrounding a potential 2x leveraged BONK ETF. Tuttle Capital Management has identified July 16 as the earliest potential launch date, pending regulatory approval. Further boosting sentiment, BONK is nearing...

Hackers behind a recent $140 million cyberattack on a Central Bank of Brazil service provider have reportedly begun laundering the stolen funds using cryptocurrencies. According to on-chain analyst ZachXBT, between $30 million and $40 million has been converted into Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) through Latin American over-the-counter (OTC) desks and crypto exchanges. The attack, which occurred on June 30, targeted CM Softwarea key payment provider for the Brazilian central banking system. The breach was facilitated by bribing an employee to disclose corporate credentials,...

Two long-dormant Bitcoin wallets, each holding approximately $1 billion worth of BTC, have suddenly become active after 14 years of silence. According to Lookonchain, a wallet containing 10,000 BTCvalued at around $1.09 billionwas moved earlier this Friday. Shortly afterward, a second wallet belonging to the same early Bitcoin holder was also emptied. Both addresses originally received their coins in April 2011, when Bitcoin was trading at just $0.78. This massive movement of Satoshi-era coins has sparked widespread speculation. While the identity behind the transfers remains unknown,...

Ethereum (ETH) has just recorded its most significant breakout in months, surging past the critical $2,600 resistance level for the first time since May. This move marks a clear shift in market sentiment after weeks of sideways consolidation and low trading conviction. The breakout is not just a technical reactionit signals growing bullish momentum. For much of June, ETH was stuck between its 50-day and 100-day Exponential Moving Averages (EMAs), struggling to gain traction. However, with the latest rally, Ethereum has now closed a daily candle above all major moving averages, including the...