The FBI has warned crypto companies that funds associated with North Korean hacker groups, Lazarus Group and APT38, have been moved and they may attempt to cash out their holdings, with roughly 1,580 Bitcoin, worth around $40 million, being linked to the cyber criminals.
A wallet that accumulated $3 billion worth of Bitcoin in the last three months has revealed its owner to be Robinhood, although there is also evidence pointing to crypto exchange Gemini, raising doubts about Robinhood's ownership.
The sudden death of the owner of Wagner private military company, Yevgeny Prigozhin, has led to speculation about his alleged possession of a significant Bitcoin wallet, potentially worth $2.6 billion, and his potential connections to the cryptocurrency community.
Head of Research at FS Insight, Tom Lee, predicts that Bitcoin's network value and scarcity could push its price over $200,000, while other experts, including Ark Invest CEO Cathie Wood, also foresee significant growth for the cryptocurrency. Lee highlights Bitcoin's resilience and regulatory scrutiny as well as interest from traditional financial giants such as BlackRock and Citadel.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
The number of Bitcoin wallet addresses reached a new all-time high of 48.24 million, signaling increasing global adoption and reflecting the growing popularity of Bitcoin as a decentralized digital asset.
Deep-pocketed Bitcoin holders have accumulated over $1 billion worth of BTC in the last two weeks, while the number of investors holding at least 10 BTC has reached a three-year high; the growth in market caps of the top six stablecoins suggests a potential reversal in the crypto market.
Only 22 out of the nearly half a billion people invested in cryptocurrency have become billionaires through their investments, with Bitcoin being the most common asset held by crypto billionaires, according to a report by Henley & Partners. The report also revealed that the US ranked third in terms of public adoption of cryptocurrencies, behind the UAE and Singapore.
Grayscale Bitcoin Trust, the second-largest BTC entity globally, holds over $16 billion worth of Bitcoin across more than 1,750 addresses, according to blockchain analytics firm Arkham Intelligence.
New data reveals that there are now over 180 individuals worldwide who own at least $100 million worth of crypto assets, with almost half of them obtaining their wealth from holding or trading Bitcoin.
Around $150 billion worth of capital could enter the Bitcoin market if BlackRock's BTC spot exchange-traded fund (ETF) gets approved, according to a senior Bloomberg ETF analyst.
Crypto funds have experienced outflows of $455 million over the past nine weeks, with bitcoin accounting for 85% of the outflows, as investors continue to withdraw funds despite recent legal victories for the industry.
