Bitcoin's short-term whale holders reached a record $9.07 billion in unrealized profits on September 4, signaling high potential selling pressure as BTC price slightly declined afterward. This metric, tracking large recent buyers, suggests that these whales could quickly sell if the price wobbles, testing the rally's price floor. Despite this risk, established cost-basis support between $62,000 and $71,000 provides a solid foundation under the current rally. The market now faces a tension between strong support levels and the risk of profit-taking by whales, which could influence Bitcoin's near-term price movements.
Bhutan has transferred 400 Bitcoin, worth about $30.62 million, to an unlabeled address, reducing its tracked sovereign Bitcoin holdings to 518 BTC from a peak of 13,000 BTC in October 2024. Most transfers are linked to the sovereign wealth fund, Dru...
Federal prosecutors have charged 18 individuals under the RICO Act for stealing over 4,100 Bitcoin, worth about $263 million, through a social engineering scheme. The defendants impersonated officials to gain wallet access and spent lavishly, which h...
The Exa Card, linked to Uphold and operating via the Exactly Protocol, allows eligible U.S. users to borrow against their XRP holdings and spend through a Visa virtual card without selling their tokens upfront. This crypto-backed lending mimics tradi...
Halper Sadeh LLC is investigating whether officers and directors of Edwards Lifesciences breached their fiduciary duties to shareholders. Long-term Edwards shareholders may have options to seek reforms, financial incentives, or other relief. The firm...
Halper Sadeh LLC is investigating whether certain officers and directors of Dentsply Sirona Inc. breached their fiduciary duties to shareholders. Long-term shareholders of Dentsply may be eligible to seek corporate governance reforms, financial incen...
