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Crypto

Long-term bitcoin whale moves 5,908 BTC after 8 years

A bitcoin whale that had been inactive for eight years moved 5,908 BTC to a new wallet, with the holding now valued at $382.67 million. The wallet had shown no activity since around 2018, when the holdings were valued at $99.64 million and bitcoin traded near $16,865. With bitcoin around $64,700, the unrealised gain is estimated at $283.0 million. Analysts and commentators focused on timing, on-chain indicators and signs of accumulation.

Crypto

Spain bet pays off as Polymarket trader posts $9.9 million day profit

A Polymarket trader known as DEEDDIT drew attention after recovering a $10.8 million loss in two weeks, turning the account’s cumulative profit to more than $8 million. The rebound came after a $11.3 million wager that Spain would beat France in a 2026 FIFA World Cup semi-final. Spain won 2-0, generating a $9.9 million one-day profit. The report also cited large leveraged token and memecoin trades amid a crypto market rebound.

Crypto

U.S. government transfers bitcoin, ether to Coinbase, putting strategic reserve rules to the test

The U.S. government transferred about $288 million worth of bitcoin and ether classified as government-held to Coinbase Prime, drawing attention to whether the move relates to the strategic bitcoin reserve. Onchain data showed 3,941 bitcoin and 30,007 ether were sent over about eight hours. Analysts said the transfer alone does not prove a sale, and publicly available data cannot confirm whether the bitcoin was part of the strategic reserve.