Bhutan's government-linked wallets transferred 700 BTC, worth about $50 million, to a Galaxy Digital-linked address and an unknown wallet. This follows a March trend where Bhutan sold over $84 million in Bitcoin, part of a broader strategy to rebalance its portfolio and monetize its state-run Bitcoin mining operations powered by hydropower. Bhutan, which has mined Bitcoin since 2019 and once held over 13,000 BTC, is gradually reducing its holdings, signaling a strategic approach to managing its digital assets rather than panic selling. The sales likely fund state projects or shift assets to different custody solutions, reflecting Bhutan's unique use of Bitcoin as a sovereign asset tied to renewable energy.
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
Bitcoin (BTC) is showing signs of recovery after a prolonged downtrend, breaking above its 26-day and 50-day exponential moving averages (EMAs) near $63,400 and $64,100 respectively. This technical rebound suggests strengthening short-term momentum a...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Lockheed Martin Ventures, the $1 billion venture capital arm of Lockheed Martin, is expanding into the UK and Europe with a new London office. It plans to invest at least $100 million in defense technology startups to strengthen transatlantic defense...
