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Bitcoin Billionaire Dumps Entire $1.3 Billion BTC Stash After 14 Years: Arkham

A Bitcoin whale reportedly sold his entire stash of Bitcoin for $1.3 billion, 14 years after initially purchasing the cryptocurrency. The individual, Owen Gunden, an early trader from 2011, recently moved a significant amount of BTC to exchanges, suggesting he has liquidated his holdings. Arkham Intelligence tracked his transactions, noting that Gunden's Bitcoin portfolio was once valued at approximately $1.4 billion but diminished as funds were transferred to exchanges. Following the decline in Bitcoin's price, which dropped 31% from a recent all-time high, Gunden is now out of the market. His actions have sparked discussions about market trends and price forecasts while raising questions about the future stability of Bitcoin amid current volatility.

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Bitcoin Sell-Off Driven by Mid-Cycle Holders

Bitcoin's recent downturn is primarily attributed to mid-cycle holders according to asset management firm VanEck. These holders, defined as those who have moved their coins within the last five years, are responsible for the majority of the selling pressure, while long-term holders, or 'whales,' have maintained

Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty

Crypto lobbyists are directly appealing to President Donald Trump for assistance with various federal policy changes amid Congress's delays in digital asset legislation. Over 60 groups, including the Solana Policy Institute and the Blockchain Association, penned a letter requesting the administration's intervention on issues such as

Ex-prosecutor Denies Promising Not to Charge FTX Executive's Partner

Danielle Sassoon, a U.S. attorney involved in the prosecution of former FTX CEO Sam Bankman-Fried, testified in a hearing regarding a plea deal with Ryan Salame, the former co-CEO of FTX Digital Markets, who was sentenced to over seven years in prison. During the hearing, Sassoon disputed claims that

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