Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.

Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
DeFi management platform Summer.fi announced plans to wind down operations after seven years. The platform concluded that the damage caused by the 6th of July Lazy Summer Protocol exploit left the team without the runway required to rebuild. Previously, the protocol expanded rapidly and accumulated $200 million in total value locked [TVL] within its first…
One of the biggest scams yet Honeypots are there too Because of Robinhood Chain’s Cashcat memecoin’s quick expansion, traders searching for the next big memecoin have flooded the network. Sadly, it has also drawn con artists who are launching fake tokens and carrying out rug pulls by taking advantage of investor FOMO, social media influence,…
Interpol said a crypto wallet linked to a 20-year-old fraud suspect processed more than $122.5 million over 10 months. Police in Thailand arrested two people in a money-laundering investigation involving romance-scam proceeds moved through crypto and cross-chain token swaps. The swaps were used to obscure the financial trail, Interpol said in a July 9 account…
This week, macro events drove the crypto market. Renewed geopolitical tensions in the Middle East triggered a brief risk-off move, sending Bitcoin [BTC] and altcoins lower before BTC recovered and held above the $63,000 support level, highlighting its resilience. Against this backdrop, protocol-based altcoins dominated the winners’ list with strong double-digit rallies, while most of…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. The initiative combines tokenized government bonds with the Bank of Korea’s wholesale CBDC infrastructure. Settlement will be tested using a delivery-versus-payment model designed to reduce counterparty and settlement risk. The project complements South Korea’s broader digital asset reforms scheduled over…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation,…