🔔 MARKET MOVING NEWS! (03/08/25)
1️⃣ Satoshi Nakamoto Statue Stolen in Lugano ❓
A statue honouring Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was reportedly stolen from its location in Lugano, Switzerland. The artwork, an optical illusion by artist Valentina Picozzi depicting Satoshi fading into code via layered stripes, was unveiled on last year as part of Lugano's push to become a global Bitcoin hub with support from Tether. The theft was first reported by an X user who suggested it might have been discarded in a nearby lake. In response, Picozzi's Satoshigallery project offered a 0.1 BTC reward for information aiding recovery and reaffirmed plans to install similar statues in 21 locations worldwide.
2️⃣ UK Regulator to Allow Retail Investors Access to Crypto ETNs in October ✨
The UK's Financial Conduct Authority (FCA) has introduced a new rule that will allow retail investors to purchase crypto exchange-traded notes (cETNs) starting October 8, 2025. The new rule reverses a 2021 ban imposed over investor protection concerns. It requires cETNs to be listed on FCA-approved UK exchanges, comply with financial promotion rules to avoid misleading ads, and adhere to Consumer Duty regulations to prevent harm to consumers. However, the regulator also warned investors that cETNs won't be protected by the Financial Services Compensation Scheme.
3️⃣ Trump Media Confirms $2B Bitcoin Treasury and $300M Options Strategy in Q2 2025 Earnings Report 💸
In its recently released Q2 2025 earnings report, Trump Media and Technology Group Corp. (DJT) disclosed that the firm holds $2 billion in BTC and bitcoin-related securities. The company also revealed that it had committed $300 million to a bitcoin options strategy aimed at generating revenue or accumulating more BTC depending on market conditions. The firm’s total financial assets surged to $3.1 billion, up 800% year-over-year, fueled by the crypto strategy and fundraising, while marking the firm's first positive operating cash flow of $2.3 million. CEO Devin Nunes stated that these resources will fund expansions like a Truth+ streaming service, AI features, a Truth Social utility token, and crypto ETFs/investment products.
4️⃣ Bitcoin Now Worth $14.5 Billion Quietly Stolen From Chinese Mining Pool In 2020: Arkham 🔍
According to blockchain intelligence platform Arkham Intelligence, a total of 127,426 BTC (currently worth $14.5 billion) was stolen from the Chinese Bitcoin mining pool LuBian in December 2020, when it was worth about $3.5 billion. This marks one of the largest crypto thefts by value at the time. The hack reportedly exploited a vulnerability in LuBian's private key generation algorithm. This appears to have led to the loss of over 90% of its BTC reserves on December 28th 2020, followed by an additional $6 million in BTC and USDT the next day. While LuBian sent OP_RETURN messages to the hacker offering a reward for returning the assets, there's no known response, and the stolen BTC hasn't moved since July 2024.
5️⃣ Arthur Hayes Dumps Millions in Crypto Amid Bearish Bet on U.S. Tariff Impact ‼️
Data from Arkham Intelligence shows that BitMEX co-founder Arthur Hayes liquidated over $13 million worth of crypto, including 2,373 ETH ($8.32 million), 7.76 million ENA ($4.62 million), and 38.86 billion PEPE ($414,700). The USDC stablecoin now comprises over 80% of his $27.9 million holdings in the tracked wallet address. In a post on X, he seemingly confirmed he is behind the address and reflected his bearish outlook on crypto amid U.S. President Donald Trump's tariffs impacting trading partners, coupled with a weaker-than-expected U.S. jobs report. Hayes predicts BTC could test $100,000 and ETH revisit $3,000 in the short term, despite his prior year-end targets of $250,000 for BTC and $10,000 for ETH.
