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Crypto

Bitcoin long-term holder selling slows to lowest since Q3 2022

Bitcoin long-term holders’ selling activity slowed noticeably in the second quarter, with the volume of long-dormant bitcoin moving falling to its lowest level since the third quarter of 2022, Cointelegraph reported. Data disclosed by Galaxy Digital’s head of firmwide research, Alex Thorn, showed key indicators easing, including Coin Days Destroyed. The shift suggests long-term holders are distributing less and continuing to hold rather than bringing coins to market.

Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

Crypto

Galaxy Digital launches research and advisory board to address Bitcoin quantum threat

Crypto investment firm Galaxy Digital has started a programme to prepare for potential quantum-computing threats to Bitcoin, committing up to $5 million. The initiative bundles developer grants, research and a new advisory board aimed at speeding network upgrade readiness. It will fund work such as quantum-resistant transaction proposals, post-quantum signature integration, wallet and custodian migration tools and formal code security audits. Galaxy says the risk is a long-term technical challenge.