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Bhutan moved $22.4 million in Bitcoin out of sovereign wallets this week, including a direct transaction to institutional market maker QCP Capital. The Himalayan nation’s crypto portfolio has dropped from a $1.4 billion peak to about $412 million.The outflows continue a pattern of periodic liquidations by the Royal Government of Bhutan, which began mining and holding Bitcoin in 2019. These recent transactions highlight questions facing sovereign crypto strategies amid ongoing market pressures.Sponsored SponsoredRecent Bitcoin Sales and Transaction PatternsBlockchain analytics platform Arkham confirmed the Bitcoin sales. Two major outflows came from Druk Holding Investments (DHI), Bhutan’s sovereign investment arm. The transactions…

The disappearance of 84-year-old Nancy Guthrie, mother of Today show co-host Savannah Guthrie, has taken a dramatic turn after what appears to be a bitcoin ransom demand surfaced amid a widespread and intensifying investigation into her possible kidnapping. Late Tuesday, entertainment news site TMZ reported it had received an alleged ransom note demanding a specific, substantial payment in Bitcoin — reportedly in the millions — in exchange for Guthrie’s safe return.  The note included a deadline for payment and a threat of harm if the demand was not met, and was sent with a Bitcoin wallet address that TMZ verified…

The tokenized version of silver has whipped around more wildly than bitcoin, resulting in large losses to holders. Hedge fund manager Michael Burry, known for “The Big Short,” sees this as a vicious loop where falling prices force liquidations, tanking it further.Burry pointed to the same dynamic in a note this week, characterizing it as a “collateral death spiral” in which falling crypto prices and heavy leverage triggered liquidations in tokenized metals and digital assets. Burry said silver liquidations exceeded bitcoin on at least one crypto venue during the unwind.“Sky-high leverage on these crypto exchanges due to rising metals prices…

Rui-Siang Lin, the alleged operator of the dark web narcotics marketplace “Incognito Market,” was sentenced to 30 years in U.S. federal prison on Tuesday, according to a statement from the U.S. Attorney’s Office for the Southern District of New York, bringing to a close one of the largest online drug market prosecutions since Silk Road.Lin, a 24-year-old Taiwanese national who used the online alias “Pharaoh,” pleaded guilty in December 2024 to narcotics conspiracy, money laundering and conspiring to sell adulterated and misbranded medication. Prosecutors said the platform processed more than $105 million in illegal drug sales between October 2020 and…

Bitcoin is a $1.5 trillion prize pool secured by nothing more than numbers, private keys, generated by math, that unlock wallets holding real money.That’s the seductive idea behind Keys.lol: a site that spits out batches of Bitcoin private keys and their corresponding addresses, like an infinite roll of digital lottery tickets.Refresh the page, and you get another set. Refresh again, and you get another.Somewhere in that endless stream is a key that matches a wallet with a balance, maybe even one holding a life-changing amount.This is the only lottery where the game is real, and the jackpot exists, yet the…

In brief The Nevada Gaming Control Board has filed a complaint seeking to stop Coinbase from offering event contracts on sports and elections. Board Chairman Mike Dreitzer stated the action “reinforces” the agency’s obligation to protect Nevada citizens and operate a thriving gaming industry. The enforcement follows a similar action against Polymarket and Kalshi. The Nevada Gaming Control Board filed a civil enforcement action against Coinbase Financial Markets on Monday, seeking to block the CFTC-registered exchange from offering event-based contracts on sports and elections to Nevada residents without state gaming licenses.Coinbase launched its prediction markets product to U.S. customers last…

SUI slid below $1.10 amid a broad crypto selloff, tracking weakness in bitcoin and major altcoins. Hong Kong’s HashKey Exchange will list SUI/USD for professional investors from Feb. 4. A potential bullish reversal could see Sui price target $1.20-$1.34. HashKey Exchange, Hong Kong’s largest licensed cryptocurrency platform, is set to list Sui, a development that comes as the token struggles amid a sharp downturn across digital asset markets. Sui’s native token, SUI, has come under heavy selling pressure in recent sessions, sliding below $1.10 as the broader crypto market sold off aggressively. The decline coincided with Bitcoin trading around the…

📊No votes yet – Be the first to vote Ethereum just hit rock bottom. The world’s second-biggest cryptocurrency plunged to its lowest level since June 23, trading around $1,200 as panic selling gripped digital asset markets on February 3. The crash caught traders off guard, wiping billions from Ethereum’s market cap in a matter of hours. Crypto exchanges lit up with sell orders as investors dumped their holdings, fearing worse declines ahead. Trading volumes on major platforms like Binance and Coinbase spiked over 25% compared to last month, with most of that activity coming from panicked sellers rather than bargain…

MetaMask has added access to more than 200 tokenized U.S. stocks and ETFs through a new integration with Ondo Finance, expanding users’ ability to trade traditional assets directly inside the wallet. Summary Ondo’s tokenized stocks and ETFs are now available inside MetaMask. The integration allows users to access traditional assets without brokers. The move reflects growing demand for onchain financial products. Ondo announced the update on Feb. 3, saying its Ondo Global Markets platform is now supported in MetaMask. The integration allows eligible mobile users in supported regions to access tokenized equities, exchange-traded funds, and commodity-linked products without leaving the…

New reports says Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan, or investors tied to him, agreed in January 2025 to invest $500 million into Trump-linked World Liberty Financial for about a 49% stake.WLFI, the governance token of World Liberty Financial, has currently decoupled from Bitcoin price, up around 8% today amid a flat market still attempting to recover from the weekend dip. Market Cap $3.46B 24h Volume $230.16M All-Time High $0.60 According to The Wall Street Journal, the arrangement has become public only now as scrutiny grows over how stablecoin issuers can sit at the intersection of cross-border capital,…