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Estonian banker lost access to ETH worth $1 billion, purchased in 2015

Estonian entrepreneur Rain Lohmus acquired Ethereum cryptocurrency for $75,000 during the initial coin offering (ICO) in 2015 at a price of $0.30, but subsequently lost access to the wallet.

Today, with the price of Ether exceeding $4,600, the value of his purchase exceeds $1.16 billion.

Lohmus is a co-founder of Estonian LHV Bank, one of the largest private banks in the country. He showed interest in cryptocurrencies as early as the 2010s and spoke about his purchase of ETH in public appearances.

In 2023, he admitted that he did not save the private key to the wallet and "cannot recover access" to the funds.

According to him, at that time hardware wallets were not yet widely used, and secure storage of cryptocurrency was hardly considered.

The wallet containing 250,000 ETH has remained inactive since the ICO.

Bitcoin reacted to the release of inflation data in the US with a slight increase❗️

The annual inflation in the US in July was 2.7%, below the forecast of 2.8%. The Core Consumer Price Index (Core CPI), on the other hand, was slightly above expectations at 3.1% compared to the forecasted 3.0%.

Immediately after the data was published, the price of BTC showed a jump of about 0.6% (at the current rate, this is more than $700).

The cryptocurrency market is traditionally sensitive to inflation data as it shapes expectations for the Fed's key interest rate.

A slowdown in the pace of price growth traditionally boosts hopes for rate cuts and supports demand for risky assets.

Forbes: The digital ruble (CBDC) is neither cryptocurrency nor just electronic money. It is a new form of money capable of completely replacing cash and non-cash transactions❗️

For citizens and businesses, this is convenient, but in return — almost complete control over all transactions.

Banks lose up to 2 trillion ₽ in commissions per year — and, understandably, are not happy about it.

Tether earned $4.9 billion for the quarter and became one of the largest holders of U.S. government bonds

The company Tether published its report for the second quarter of 2025, verified by the auditing firm BDO.

As of June 30, more than $157 billion was in circulation in the USDT stablecoin. Since the beginning of the year, the issuance has increased by $20 billion, of which $13.4 billion was issued in the second quarter.

According to the report, the total amount of USDT reserves in U.S. government bonds reached $127 billion — $105.5 billion in direct ownership and $21.3 billion through indirect instruments.

This is $8 billion more than in the first quarter, placing Tether among the largest holders of U.S. government debt in the world.

Tether's net profit for the second quarter was approximately $4.9 billion. Since the beginning of the year, profits have reached $5.7 billion, of which $3.1 billion is regular income, and another $2.6 billion came from investments in bitcoin and gold. In both assets, it holds about $9 billion each.

The report also notes active reinvestment of profits.

Since the beginning of the year, the company has invested about $4 billion, including investments in XXI Capital, the Rumble platform, and the development of Rumble Wallet.

Among the areas mentioned are AI, renewable energy, and communication technologies.

Another user lost $119,000 (1 wBTC) by signing a phishing transaction

Against the backdrop of the rise in the value of BNB to $850, Forbes estimates Changpeng Zhao's net worth at least $71 billion — this allows him to rank 23rd on the list of the world's richest people

📊 Analysts have ranked the TOP-10 politicians who influenced the crypto industry

Donald Trump only placed second. In first place is Elon Musk, despite not being a politician in the traditional sense.

Also in the top three is the President of El Salvador, Nayib Bukele. The ranking considered investments in crypto, social media influence, public statements, and participation in legislation.

There is only one woman on the list and only one participant not from the USA.

Vietnam has launched the national blockchain platform NDAChain — it will become the foundation for the entire digital infrastructure of the country

Another untouched bitcoins from 14 years ago have been transferred to a new wallet. Their value has increased 320,000 times.

An unknown owner transferred bitcoins to a new address that had not been touched since January 2011. The wallet held 3962 BTC, acquired at a price of $0.39 per coin.

At that time, they were valued at approximately $1558, and at the time of today's transfer, their value exceeded $468 million with the price of bitcoin above $118,000.

Who is behind the transaction is unknown. It is also unclear whether this wallet is connected to other large transfers recorded earlier this month.

In the first days of July, the owner of another group of wallets, which had stored over 80,000 BTC (over $9 billion at current rates) since 2011, began to massively move funds to new addresses, from where they were then sent to exchanges and crypto brokers.

One of the discussed versions in the community is a possible connection of these wallets to crypto industry pioneer Adam Back.

Today's transfer, unlike previous ones, started with a test transaction for a small amount. This method is usually used before sending significant volumes in cryptocurrency.

Last night BNB, the native coin of the Binance exchange, set a historical maximum above $800

In the second quarter of 2025, crypto traders continued to shift from centralized exchanges (CEX) to decentralized exchanges (DEX)

Trading volumes on CEX fell by 27% compared to the first quarter — from $5.4 trillion to $3.9 trillion. At the same time, DEX showed a growth of 25% — from $699 billion to $877 billion.

In Texas, the Jasper County sheriff used a warrant to break into a Bitcoin ATM to return $25,000 to a family that had sent it to scammers🚓

The fraudsters posed as government officials and forced them to send a 'fine' in cryptocurrency. $32,000 was seized from the ATM — including the entire stolen amount.

Currently, 100 companies hold over 830,000 BTC

The Canadian agribusiness AgriFORCE has launched a site with 120 ASIC miners operating on previously flared natural gas.

7 BTC have already been mined — 50% of the coins are kept in reserve, while the rest is directed towards scaling.

Plans include launching two more sites in Alberta, which will increase the total capacity to 1.3 MW and enable reaching a hash rate of 1 EH/s by the beginning of 2026.