CHINA IGNORES US PRESSURE ON OIL IMPORTS FROM RUSSIA AND IRAN
* China has rejected the United States’ demand to halt crude oil imports from Russia and Iran.
* This decision challenges US sanctions policy and could affect global diplomatic relations.
* In response to rising geopolitical tensions, Bitcoin’s price saw a moderate decline.
ARKHAM IDENTIFIES SUSPECTS BEHIND LARGEST BITCOIN THEFT
* Analytics firm Arkham Intelligence has linked one of the largest cryptocurrency thefts in history to a Chinese mining group.
* According to Arkham’s analysis, this group is suspected of stealing significant assets.
* The disclosure comes from on-chain data analysis, which examines publicly available Bitcoin transactions.
BLACKROCK BITCOIN ETF COULD BENEFIT FROM SEC CHANGES
* The US Securities and Exchange Commission (SEC) has increased the limit for ETF option contracts tenfold.
* Analysts say this could significantly boost the appeal and liquidity of BlackRock’s iShares Bitcoin Trust (IBIT).
* This will allow institutional investors to build larger and more complex positions using Bitcoin options.
STAKING PLATFORM LIDO LAYS OFF 15% OF STAFF
* Ethereum staking protocol Lido, one of the ecosystem leaders, has announced a 15% workforce reduction.
* The decision affects teams in Lido Labs, Lido Ecosystem, and Lido Alliance.
* According to a co-founder, the restructuring aims to ensure the project’s long-term financial stability.
FORMER UK FINANCE MINISTER WARNS UK IS LOSING CRYPTO LEAD
* Former UK Chancellor George Osborne warned that the UK risks losing its position in the global cryptocurrency race.
* He criticized the current government and the Bank of England for delays in implementing clear regulatory frameworks.
* In his view, the country is falling behind global competitors that are adapting faster to new financial technologies.
ETHEREUM WHALES INCREASE THEIR POSITIONS
* The largest Ethereum holders, known as “mega whales,” continued to buy the cryptocurrency during the weekend dip.
* On-chain data confirms increased accumulation activity by these major market players.
* Such behavior is seen as a sentiment indicator among key market participants.
CAPITAL B RAISES 11.5 MILLION EUROS TO EXPAND BITCOIN RESERVES
* Capital B has raised 11.5 million euros in a funding round to expand its Bitcoin reserves.
* This is part of the firm’s strategy to hold Bitcoin as a reserve asset on its balance sheet.
* The project is being carried out in collaboration with the TOBAM Bitcoin Alpha Fund.
JAPANESE FIRM METAPLANET BUYS MORE BITCOIN
* Japanese investment company Metaplanet purchased 463 Bitcoins worth approximately 53.7 million USD.
* This brings the company’s total holdings to 17,595 BTC, worth about 1.78 billion USD.
* Metaplanet is one of the publicly listed companies that regularly invest their financial reserves in Bitcoin.
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