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M_Hamza_003
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Per Odaily,
Arkham
monitoring reported a significant
Bitcoin
transaction involving Grayscale. About 10 hours ago, roughly 6,500
$BTC
, valued at approximately $674.05 million, were transferred out of the Grayscale Bitcoin Trust.
#BTC
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Per BlockBeats, Bitcoin ($BTC ) mining difficulty was adjusted at block height 897,120, rising 2.13% to 121.66 T. The change took effect at 22:01:56 UTC+8. The network’s average hash rate over the last seven days stands at 846.6 EH/s. #BTC
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Per PANews, Bitcoin's ($BTC ) current price is around $102,900, closely matching the value of one kilogram of gold. This near-equivalence underscores the converging trends in the cryptocurrency and precious metals markets. #BTC
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The Saudi Central Bank has shifted to Bitcoin ($BTC ), acquiring 25,656 shares in Strategy, a leading Bitcoin treasury adopter, per a recent SEC filing. Formerly MicroStrategy, Strategy, led by Bitcoin advocate Michael Saylor, holds over 500,000 Bitcoins worth $68 billion and plans to invest $84 billion more. This move diversifies Saudi Arabia’s oil-reliant economy, following its 2024 digital currency trial with China. Other nations, including the US, El Salvador, and the UK, are also adding Bitcoin to their treasuries. Meanwhile, UAE’s Mubadala holds a $408 million stake in iShares Bitcoin Trust, and ADQ has invested in a crypto mining venture. Strategy’s stock, however, fell 5% to $393, reflecting volatility concerns. #BTC
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Starting January 1, 2026, UK cryptocurrency firms must collect and report detailed user and transaction data under new regulations from the UK tax authority, aligning with the Crypto-Asset Reporting Framework (CARF) to combat tax evasion. Crypto platforms must record users’ legal identity, address, taxpayer ID, and transaction details, including amount, asset type, quantity, and transfer nature, for UK and CARF-country users. This applies to overseas firms serving UK customers. Non-compliance may result in fines of up to £300 per user.
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🚨Binance Market Update (2025-05-17) The global cryptocurrency market cap reached $3.33T, rising 1.26% in the past 24 hours, per CoinMarketCap. Bitcoin ($BTC ) traded between $102,613 and $104,550, settling at $102,875 as of 09:30 AM (UTC), down 0.81%. Most major cryptocurrencies saw declines, with standout performers PORTAL, REI, and MASK gaining 17%, 10%, and 9%, respectively. #BTC
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