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Satoshi's Bitcoin stash lost over $20B amid market crash

Satoshi Nakamoto's Bitcoin holdings have decreased by over $20 billion following a recent market crash that affected numerous cryptocurrencies, some losing nearly all of their value. As the largest holder of BTC, Nakamoto's wallets contain over 1 million BTC, valued at approximately $117.5 billion at the time, down from an all-time high exceeding $136 billion earlier in October. The market downturn was triggered by mixed signals regarding US-China trade relations and excessive market leverage, resulting in the worst liquidation event in crypto history. Despite the turmoil, Bitcoin managed to maintain a value above $100,000. Analysts from The Kobeissi Letter believe this market crash is a temporary setback, asserting that it does not fundamentally alter the long-term outlook for cryptocurrencies. They maintain a bullish stance, anticipating a resolution to ongoing trade disputes and suggesting that Bitcoin's price movements could align positively with macroeconomic trends in the near future.

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XRP, Solana See Bullish Reset in Sentiment as Bitcoin and Ether Lag

XRP and Solana have shown renewed bullish sentiment as their options indicate positive risk reversals, contrasting with Bitcoin and Ethereum, which remain in a bearish state. The 25-delta risk reversal, a sentiment gauge that assesses market expectations by comparing the implied volatilities of call and put options, has turned positive

Japan’s FSA May Let Banks Hold Bitcoin and Other Cryptocurrencies

Japan’s Financial Services Agency (FSA) is considering regulatory reforms that could permit banks to hold cryptocurrencies like Bitcoin and operate licensed crypto exchanges. This change would represent a significant shift from the current guidelines, which restrict banks from holding digital assets due to their volatility risks. According to reports,

BitMine accumulates $1.5B in Ether since crash despite Lee’s treasury bubble fears

BitMine has amassed $1.5 billion worth of Ether following a recent market crash, continuing its bullish stance despite warnings from Fundstrat’s Tom Lee, who suggested that the digital asset treasury (DAT) bubble may be deflating. The purchases were made in three transactions totaling 379,271 ETH, occurring after

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