Bitget officially confirmed a $351.6 million outflow from some wallets and said it would fully reimburse the losses through its $464 million user protection fund. Withdrawals remain suspended while the exchange investigates the incident.
JPMorgan says Bitcoin’s sustained move above the estimated $85,000 production cost could significantly ease miners’ selling pressure. The firm notes that miners had faced roughly 280 days of prices below average production costs before the recent surge.
Vitalik Buterin said new cryptographic technologies are essential as blockchains evolve into multilayered networks. He highlighted zero-knowledge proofs, fully homomorphic encryption and formal verification as key tools for supporting privacy, scalability and security.
Whale wallets holding 100 to 1,000 BTC have accumulated approximately 113,950 BTC since July 15, increasing their total holdings by 2.22% to about 5.24 million BTC. Analysts say the sustained accumulation may be supporting bitcoin’s recent upward trend.
The U.S. government is reportedly reviewing measures to support the global expansion of dollar-based stablecoins. The move is consistent with its policy direction of using stablecoins to maintain and expand the international influence of the U.S. dollar.
Bitcoin could rise toward $95,000–$97,000 if it holds above $84,000, according to Glassnode. Renewed spot ETF buying and higher spot volume support the uptrend, while a drop below $84,000 could refocus attention on $77,000 support.
Global crypto economic activity declined 1.6% year on year to $9.4 trillion, despite a roughly 50% drop in total market capitalization. P2P and cross-border stablecoin transactions rose sharply.
The claim that Satoshi Nakamoto holds approximately 1.1 million bitcoins is based on early mining patterns, not direct proof of ownership. Analyses show that the estimate varies widely depending on the criteria used.
Legendary Korean crypto trader Wonyotti has released his complete BitMEX trading records after turning $2,000 into $274 million. He also shared a 90-day outlook covering cryptocurrencies, the Nasdaq and the KOSPI.
