Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details

The Irish drug dealer Clifton Collins is back in the news after Irish authorities recovered more of his seized Bitcoin. Collins acquired approximately 6,000 Bitcoin between 2011 and 2012.  In 2017, he was jailed after a drug-related arrest. Before the arrest, he printed his seed phrase and hid it inside a fishing rod.  However, the landlord later cleared the house and dumped his belongings in a landfill, including the private keys. In 2026, authorities continued recovering the lost Bitcoin and selling it as proceeds of crime.  How much Bitcoin did authorities recover?  The Irish authorities successfully recovered 500 $BTC, worth $30.85 million, from Clifton Collins wallet and deposited it into Coinbase.  The recent seizure brought the total assets recovered from his wallets to 1,500 $BTC, worth approximately $103 million. At its peak, Collins 6,000 $BTC were worth approximately $757 million.  Source: Arkham  Despite the recovery effort, Clifton Collins addresses still held 4,500 $BTC worth approximately $276 million. In fact, more than nine addresses remained untouched, and authorities have not confirmed whether the same decryption could apply to future operations.  Even so, the recovery suggested authorities could still access dormant wallets under certain circumstances.  In addition to Collins, Bitcoin [$BTC] also saw sell-side activity from another long-term investor. Lookonchain reported

07-04

Bitcoin eyes macro jump to $70K after drop below $60k – Whats next for BTC?

The price of Bitcoin [$BTC] recently dropped from $60,000 to $58,000. However, at press time it was trading at $61,540.15, following a 2.01% increase in the past 24 hours. But a month-long decline of 8% is now raising concerns for the king coin.  Consequently, given that the RSI was above 55 at press time and the MACD was flashing green bars, the price analysis suggested that bulls were strong. However, if looked at closely, the bull signs were not forceful, as the Signal line and MACD lines were almost joining.  Additionally, Bollinger Bands expanding following a squeeze indicated the presence of upcoming volatility.  Source: Trading ViewBitcoins on-chain metrics spark concerns  Still, instead of being completely pessimistic, CryptoQuants most recent CME Bitcoin futures data suggested a market reset.  Source: CryptoQuant  According to the chart, the net long exposure of asset managers has decreased to $800 million, the lowest since the introduction of U.S. spot Bitcoin ETFs. However, they still maintain a nearly 2:1 long-to-short ratio, indicating a decrease in conviction rather than a bearish shift.  Source: CryptoQuant  Meanwhile, the leveraged funds have cut their net short positions by 67.5% as shrinking futures premiums made basis trades less profitable.  Moreover, open interest has decreased by 63.5%, which is significantly greater than

07-04

TRON Rolls Out NIST‑Standard Post‑Quantum Algorithms on Nile to Prepare for Quantum Computing

TRON activated build GreatVoyage-v4.8.2-PQ1-build1 on its Nile testnet, with support for the Falcon-512 and ML-DSA-44 algorithms.The update covers transaction signing, block production, P2P handshakes and smart contract verification within the TVM.Migration to the mainnet is projected for the third quarter of 2026, subject to approval through on-chain governance.  TRONbecame one of the first blockchain networks to actively upgrade its native cryptographic foundations to address the advance of quantum computing. The network announced the deployment of build GreatVoyage-v4.8.2-PQ1-build1on its Niletestnet, a mandatory update for nodes on that network that introduces support for two post-quantum signature schemesstandardized by the National Institute of Standards and Technology (NIST): Falcon-512 and ML-DSA-44.  The scope of the update is quite considerable. It covers transaction signing, block production signaturesby super representatives, handshakesbetween P2P nodes and signature verification in smart contractswithin the TRON Virtual Machine (TVM).  However, the new functionalities do not activate automatically: they require a governance proposal to go through the network committees on-chain processbefore any transition to the mainnet, currently projected for the third quarter of 2026.  TRON is taking the next step toward long-term blockchain security.  The Nile Testnets post-quantum signature upgrade brings NIST-standardized quantum-resistant signatures to public blockchain infrastructure.  More details from @Crypto_Briefing ????  — TRON DAO (@trondao) July 2,

07-04

Standard Chartered wins MiCA passport as EU approves 57 firms

Standard Chartered has secured a MiCA passport as the European Securities and Markets Authority has added 57 newly authorized crypto firms to its register following the end of the EUs transition period.  According to the European Securities and Markets Authority (ESMA), its latest interim register now lists 300 authorized crypto-asset service providers, up from 243 on June 26, after a wave of approvals arrived around the July 1 Markets in Crypto-Assets deadline.  The updated list includes major banks, institutional trading firms, and digital asset companies that can now offer regulated services across the European Union under a single authorization.  Standard Chartered joins expanding MiCA register  Among the biggest additions is Standard Chartered, which received MiCA authorization from Luxembourgs financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), on June 25.  The bank also obtained an Electronic Money Institution license, allowing it to use MiCAs passporting system to provide crypto services throughout all 27 EU member states without seeking separate approvals in each country.  Institutional crypto trading firm FalconX also entered the register after receiving authorization from Maltas Financial Services Authority shortly before the July 1 deadline.  ESMAs latest update further added digital asset bank Sygnum Europe, Ronin EM, and CACEIS, the asset servicing business owned by

07-04

Binance Mesh Investment at $2B Would Double Valuation in 6 Months

A reported $2 billion investment round led by Binancecould reshape the competitive dynamics of crypto payments infrastructure — and the speed of the valuation jump alone tells you something important about where institutional money is flowing. According to a report from Axios, Binance is moving to spearhead a major funding round for Mesh, a company building the plumbing that connects crypto wallets, exchanges, and fiat payment rails. Neither Binance nor Mesh has officially confirmed the deal.  Key takeawaysBinance plans to lead a $2 billion funding roundfor Mesh, a crypto payments and settlement infrastructure provider, according to Axios.The new round would value Mesh at approximately $2 billion — double its $1 billion valuationfrom January 2026.Mesh raised $75 million in a Series Cround led by Dragonfly Capital in January 2026, with Paradigm, Coinbase Ventures, and others participating.Meshs technology connects crypto wallets, exchanges, digital currencies, and fiat rails — solving asset conversion challenges for merchants and service providers.The investment reflects a broader industry shift toward stablecoin settlement and crypto payments infrastructureas a primary growth vertical.  Binances Planned $2 Billion Investment in Mesh  If the numbers hold, this would be one of the fastest valuation doublings in recent crypto history. Just months ago, in January 2026, Mesh

07-04

Coinbase defies Wall Street selloff as BofA flags investor exodus

Coinbase stock has climbed nearly 19% in the past five trading sessions even as Bank of America says investors are pulling money out of U.S. equities at the fastest pace since March.  SummaryCoinbase has rallied nearly 19% in five trading days despite Bank of America reporting $17.2 billion in U.S. equity fund outflows.The exchange is expanding its European presence under MiCA while offering a 5% transfer bonus to attract users after rivals exited.Technical indicators show improving momentum, with Coinbase testing key trendline resistance near the $170 Fibonacci level.  According to a Bloomberg report, Bank of America told clients that U.S. equity funds recorded $17.2 billion in outflows during the week ending July 1, the first weekly withdrawals since March.  The banks note also showed that Japanese equity funds attracted $1.9 billion over the same period, their strongest weekly inflows since May, suggesting that investors are rotating capital away from U.S. stocks and into Japan.  Despite that backdrop, Coinbase Global has continued to outperform. The stock closed 3.92% higher at $165 on July 2 and has rallied from about $139 on June 26, extending its five-day gain to roughly 19%.  The rally has not been limited to Coinbase. Crypto-linked equities also advanced alongside the recovery in

07-04

As Bitcoin Recovers, the Amount of Bitcoin Held by Major Companies Revealed! Here Are the Companies That Own the Most BTC

The leading cryptocurrency, Bitcoin, has been experiencing sharp declines since October 2025. Most recently, $BTC fell to levels around $57,000.  As interest in Bitcoin wanes, the total amount of $BTC held by the 100 largest publicly traded companies has been revealed.  According to $BTC Treasuries data, the 100 largest publicly traded companies worldwide collectively hold 1,264,867 $BTC. This represents 6.02% of Bitcoins total supply.  Leading the list is Strategy (MSTR), with 847,363 $BTC, a significant portion of the total Bitcoin held by publicly traded companies. Strategy is followed by a group of companies primarily focused on mining and finance.  Here are the other prominent companies in the top 10 and the amount of $BTC they hold:“Strategy (MSTR): 847,363 $BTC”Twenty One Capital (XXI): 43,514 $BTCMetaplanet Inc. (MTPLF): 43,000 $BTCMARA Holdings, Inc. (MARA): 36,303 $BTCBitcoin Standard Treasury Company (CEPO): 30,021 $BTCBullish (BLSH): 24,300 $BTCStrive (ASST): 19,864 $BTCSpaceX (SPCX): 18,712 $BTCCoinbase Global, Inc. (COIN): 16,492 $BTCRiot Platforms, Inc. (RIOT): 15,680 $BTC  *This is not investment advice.

07-03

Public Companies Now Control Over 6% of All Bitcoin: A Look at the Top Holders

The growing embrace of Bitcoin by publicly traded corporations has reached a new milestone. According to the latest data from $BTC Treasuries, the top 100 public companies worldwide now collectively hold 1,264,867 $BTC, representing 6.02% of the cryptocurrencys total capped supply of 21 million coins. This concentration of digital assets within the corporate sector underscores a significant shift in how major institutions view Bitcoin as a treasury asset.  The Dominance of Strategy and the Leading Holders  The list is headlined by Strategy (formerly MicroStrategy), which alone accounts for 847,363 $BTC — more than two-thirds of all corporate Bitcoin holdings tracked. This aggressive accumulation strategy, spearheaded by co-founder Michael Saylor, has made the company the single largest corporate Bitcoin holder globally. The remaining top nine holders include a mix of investment vehicles, mining companies, and exchanges, reflecting diverse motivations for holding the asset.  Following Strategy, the next largest holders are Twenty-One Capital (43,514 $BTC), Metaplanet (43,000 $BTC), MARA Holdings (36,303 $BTC), and the Bitcoin Standard Treasury Company (30,021 $BTC). The list also includes Bullish (24,300 $BTC), Strive (19,864 $BTC), SpaceX (18,712 $BTC), Coinbase Global (16,492 $BTC), and Riot Platforms (15,680 $BTC).  What This Means for the Bitcoin Market  The fact that a small number of public

07-03

Stripes Bridge secures MiCA and EMI licenses to expand across EU

Bridge has secured both a Markets in Crypto-Assets (MiCA) crypto-asset service provider authorization and an Electronic Money Institution (EMI) license in Luxembourg, giving it a regulated framework to offer services across all 27 European Union member states.  According to Bridge, the dual licensing allows the company to operate under the European Unions MiCA framework while expanding its stablecoin and euro payment services for businesses and developers throughout the bloc.  The company said the approvals were granted in Luxembourg and cover all EU member states under a single regulatory regime that includes requirements for capital reserves, custody, and operational safeguards.  The licenses also introduce new products for companies building on Bridge‘s infrastructure. Businesses will be able to issue custom euro-backed stablecoins, create virtual IBANs in customers’ names, and offer euro accounts that work across the European Union without establishing separate banking relationships in each country, according to the announcement.  New payment tools for European businesses  Bridge said fintech companies can use the platform to provide named IBANs and cross-border euro accounts through one integration. Businesses launching loyalty programs, rewards systems, on and off ramps, or in-app payment products will also be able to issue their own EUR-backed stablecoins without building reserve management and regulatory infrastructure themselves.  The

07-03

AI agent development hasnt accelerated as expected, says Zuckerberg

Meta CEO Mark Zuckerberg said AI agent development at the firm is progressing more slowly than expected, even as technology and crypto firms continue pouring resources into the nascent technology.  In a company meeting on Thursday, Zuckerberg said the “trajectory of the agentic development over at least the last four months hasnt really accelerated in the way that we expected,” according to Reuters, which reviewed a recording of the call.  The bet on agent adoption hasn‘t “come to fruition yet,” Zuckerberg said, adding that executives made an aggressive push into agentic infrastructure in January in part because of fears they weren’t moving “fast enough.”  Despite the slower progress, Zuckerberg said he expects the firms AI investments to start paying off within the next three to six months.  Zuckerbergs comments offer a reality check for technology and crypto firms betting that autonomous agents will soon become major users of blockchain payments. Meta, along with several crypto firms, has bet big on agentic AI, with many pivoting their business models to cater to autonomous AI agents.  In May, Meta cut roughly 10% of its workforce and reassigned about 7,000 employees to AI-focused teams — a restructuring Zuckerberg acknowledged was not as clean as it could have been,

07-03
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