Ethereum Surpasses Bitcoin in Long-Term Investor Retention
Latest data reveals Ethereum now leads cryptocurrency markets with 75.06% of its supply held by long-term investors, surpassing Bitcoin's 62.31%. This shift challenges Bitcoin's traditional dominance as the preferred store of value and signals growing confidence in Ethereum's technological foundations.
Ethiopia Emerges as Global Bitcoin Mining Powerhouse Through Clean Energy Innovation
Ethiopia has established itself as a major Bitcoin mining hub, generating $1 billion in mining profits by leveraging renewable hydroelectric power from its Grand Renaissance Dam. The state-backed operation now represents 2.25% of global mining capacity while providing a sustainable model for cryptocurrency production.
Babylon Labs Pioneers Zero-Knowledge Bridge Between Bitcoin and Cosmos
Babylon Labs unveils groundbreaking plans to connect Bitcoin with Cosmos using BitVM2 and zero-knowledge technology. The project aims to enhance Bitcoin's utility while maintaining security, building on the team's success in managing $5.5 billion through their staking protocol.
Lost Bitcoin Fortune: UK Court Denies Man's £600M Landfill Search Quest
A High Court judge has rejected James Howells' legal bid to search a Newport landfill for a hard drive containing £598M worth of Bitcoin accidentally discarded in 2013. The ruling ends a decade-long battle to recover the digital fortune, with the court finding no reasonable grounds for the claim.
Bitcoin Market Resilient: Analysis Shows $6.5B Silk Road Stash Sale Unlikely to Disrupt
CryptoQuant analysis suggests the potential sale of $6.5 billion in Bitcoin seized from Silk Road would have minimal market impact if handled through OTC trading. The cryptocurrency's massive growth in market capitalization provides sufficient cushioning against large-scale liquidations.
Crypto Market Tumbles as Bitcoin ETF Outflows Hit Record High
The cryptocurrency market extends its decline for the third day, with Bitcoin falling to $91,300 amid massive ETF outflows and macroeconomic concerns. Over 130,000 traders faced liquidations totaling $404 million as the total crypto market cap dropped 4.4% to $3.38 trillion.
Treasury Yields Pressure Bitcoin Below $97,000 as Economic Data Impacts Risk Assets
Bitcoin retreated from its $102,000 peak as strong U.S. services sector data pushed Treasury yields higher, dampening appetite for risk assets. The leading cryptocurrency's sensitivity to economic indicators and Fed policy continues to influence market dynamics, despite optimism around institutional adoption.
DOJ Set to Liquidate $6.5B in Seized Silk Road Bitcoin
The U.S. Department of Justice received approval to sell 69,370 bitcoins worth $6.5B seized from the Silk Road dark web marketplace. The planned sale, citing Bitcoin's volatility, represents a significant portion of the government's crypto holdings and comes amid speculation over its timing relative to the 2024 election.
Bhutan's Gelephu City Pioneers Government Crypto Reserves with Bitcoin and Ethereum
Gelephu Mindfulness City announces groundbreaking plans to include Bitcoin, Ethereum, and BNB in its strategic reserves, marking a significant step in government-level cryptocurrency adoption. The initiative builds on Bhutan's existing $1.12B Bitcoin holdings and aims to establish the region as South Asia's digital innovation hub.
Oklahoma Senator Introduces Groundbreaking Bitcoin Payment Legislation
Oklahoma State Senator proposes the Bitcoin Freedom Act, enabling voluntary Bitcoin adoption for wages and payments across the state. The legislation aims to provide financial sovereignty while opposing CBDCs, building on the state's existing support for cryptocurrency innovation.