A Bitcoin wallet that had been dormant for three years transferred its entire balance of approximately 6,500 BTC, valued at $694 million, on Oct. 17. According to on-chain analysts, the wallet is linked to Alexander Bilyuchenko, a Russian national and alleged co-founder of the defunct cryptocurrency exchange BTC-e. The transaction, recorded at 16:34 UTC, moved the funds from the primary wallet to two new, unidentified destination addresses, according to blockchain data. The sending address had originally ...

A group of Asian executives with deep roots in crypto is setting up a new trust to accumulate Ethereum , with plans to raise around $1 billion. The effort comes as ETH faces price pressure, trading at $3,875 below its 50-day exponential moving average. According to Bloomberg, Li Lin, who founded the Huobi exchange and now chairs Avenir Capital, is driving the project. He has teamed with Shen Bo of Fenbushi Capital, Xiao Feng from HashKey Group, and Meitu founder Cai Wensheng. Notably, these figures were ...

Core Insights - Jimmy Donaldson, known as MrBeast, has filed a trademark application for a banking platform named "MrBeast Financial," which will include crypto payment services, marking a significant shift from entertainment to financial services [1][2][3] Group 1: Trademark Application - The trademark application for "MrBeast Financial" was submitted to the United States Patent and Trademark Office (USPTO) on October 13 [2] - The application will undergo its initial examination around mid-2026, with a final decision expected by the end of next year [4] Group 2: Banking Services Offered - The proposed banking platform will offer various online banking services, including issuing credit and debit cards, processing cryptocurrency payments, facilitating crypto exchanges through decentralized platforms, and providing other investment services [3] Group 3: Previous Controversies - MrBeast was previously involved in a controversy where he allegedly made over $10 million by backing low-cap tokens, which were later identified as pump-and-dump schemes [5] - One notable incident involved MrBeast investing $100,000 in the SuperFarm ($SUPER) token, which spiked in value shortly after his involvement [6]

Peter Dazeley / Getty Images The price of bitcoin has lately retreated from a recent record high. Key Takeaways Bitcoin is falling toward the $100,000 level following last weekend's rout in the digital assets market. Without the support of the safe-haven narrative, crypto market experts are looking for other reasons to stay optimistic about the near term for bitcoin. So much for "Uptober." Bitcoin is close to giving up all of this year's gains, dragged lower since renewed trade tensions between the ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) critic Peter Schiff is sounding the alarm on the cryptocurrency's recent underperformance against gold. What Happened: In an X post on Thursday, Schiff noted that Bitcoin has fallen 32% against gold since its August peak, arguing that a "brutal" bear market for Bitcoin is imminent. He urged holders to sell BTC for gold to avoid further losses. Trending: Amazon and NVIDIA Partnered With ...

In today's Markets Outlook, Round13 Capital Managing Partner and CIO, and Rails Co-Founder and CEO, Satraj Bambra unpacks the $19 billion liquidation cascade that rocked the crypto markets recently. Plus, he shares the major decision his fund made in response: going all-cash—a choice that runs counter to many Q4 bullish forecasts. ...

Core Insights - OpenSea is set to launch its SEA token in Q1 2026, with 50% of the total supply allocated to the community [1] - The final phase of pre-token rewards began on September 15, allowing users to access reward treasure chests [2] - CEO Devin Finzer emphasized the importance of the SEA token, stating it is designed to be a lasting asset rather than a fleeting launch [3] Token Distribution and Revenue Model - Upon launch, approximately 25% of the total SEA supply will be distributed to community users, with an additional 25% to be allocated over time [3] - 50% of OpenSea's revenue at launch will be utilized for SEA token buybacks, and users will have the option to stake the token on the platform [4] - Specific details regarding community distribution are yet to be disclosed, but both long-term users and participants in rewards programs will be considered [4] Market Performance and Strategic Shift - OpenSea's trading volumes have rebounded, exceeding $2.6 billion in the current month, primarily driven by token trading rather than NFTs [5] - The company is transitioning from a focus solely on NFT trading to a broader platform that includes fungible tokens and meme coins [5] - OpenSea acquired the mobile trading application Rally to enhance its mobile experience, with plans to introduce perpetual trading features in the future [6]

Maelstrom, the family office of BitMEX co-founder Arthur Hayes, is seeking to raise at least $250 million for its first private equity fund intended to acquire established businesses in the crypto ecosystem, according to a Bloomberg report. The new vehicle, Maelstrom Equity Fund I, will invest between $40 million and $75 million per deal across four to six acquisitions. The fund will target profitable “off-chain” companies such as trading infrastructure providers and analytics platforms, rather than token ...

Cryptocurrency Listing Speculation - The document speculates on which cryptocurrency Binance might list next [1] - The cryptocurrencies mentioned are $WKC, $DOG, $PFP, $MANYU, $BOSS, $KORI, and $TROLL [1]

Core Insights - Bitcoin has experienced a significant 16% decline, which appears to be more psychological than structural, despite a stable macro backdrop and only a minor 2% dip in the Nasdaq [1][5] - The ongoing U.S. government shutdown is contributing to rising uncertainty over fiscal policy, with an 82% chance that it will last beyond 30 days, impacting business sentiment [2][5] - Despite short-term bearish sentiment, the fundamentals supporting Bitcoin remain strong, driven by macroeconomic weakness, potential Federal Reserve easing, and distrust in traditional financial systems [5][6] Market Dynamics - Bitcoin ETPs saw outflows of $588 million, but overall digital asset ETPs recorded net inflows of $40 million, indicating that institutional positioning remains robust [3][6] - Selling pressure is primarily among crypto-native investors rather than long-term holders, suggesting resilience in the investment case for Bitcoin [3][4] - Renewed U.S.–China trade tensions may pose a greater threat to equities than to digital assets, with Bitcoin potentially serving as a hedge against systemic financial risk [4][6] Long-term Outlook - The current correction may represent a temporary dislocation rather than a breakdown, emphasizing the importance of distinguishing between price action and fundamentals for investors [6][7] - Structural forces driving institutional adoption and distrust in the banking system continue to support Bitcoin's long-term investment thesis [6][7]