Bitcoin Assets Worth $1.65B Withdrawn From Coinbase In 2 Days

Coinbase recorded the third-highest volume of Bitcoin withdrawals as 100K BTC tokens were pulled out of the exchange in the last 48 hours.

Iris Energy Unplugs Its Miners Following $100M Loan Default

Iris Energy has unplugged many mining machines due to a loan default. The lender has demanded that the payments be made in full immediately, and the hosting arrangements with the facilities have been terminated.‍

Binance Surpasses Coinbase In Holding The Largest Bitcoin Exchange Reserves

CryptoQuant's report revealed that Binance’s Bitcoin reserves have hit the 575K mark, thus making it the exchange with the largest BTC holdings.

Investors Sue Nexo For Blocking $126M Worth Of Crypto

Three investors filed a lawsuit in the London High Court against Nexo for blocking them from withdrawing their crypto assets.

FTX Hacker Converts Over 30K Ethereum Tokens Into Bitcoin

The perpetrator behind the recent FTX hack swapped 30,990 Ethereum tokens (worth $36M) for Bitcoin via RenBridge.

Bitcoin Lender Unchained Capital Downsizes And Reshuffles Management Amid Bear Market

Bitcoin lender, Unchained Capital, has laid off 15% of its employees and restructured its management. This action is due to the prolonged bear market and not any form of exposure to FTX.

Bitcoin Sees Record Increase In Number Of Holders Who Use Self-Custody Wallets

A recent report published by Glassnode revealed that the number of Bitcoin (BTC) users who have stored their BTC assets in self-custody wallets has hit an all-time high.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

Iris Energy Faces $103M Loan Default Claims From Lenders

Iris Energy is facing default claims from its lenders over a $103 million default loan of the Non-Recourse SPVs. The firm has disagreed with the alleged notice, stating that modifications need to be made for each term of the facility.

Bank Of America Claims Investors See Bitcoin As “Safe Haven”

Bank of America’s analysts Alkesh Shah and Andrew Moss stated that investors consider Bitcoin as a "safe haven" due to its 40-day correlations with gold.

Charles Schwab Reports 45% Of Younger Population Wants Crypto In 401(k)s

A survey conducted by Charles Schwab revealed that nearly half of Gen Z and Millennials want crypto investments as part of their retirement plans.

Kazakhstan Retains Its Position As The Third Largest Hub For Bitcoin Mining

The Cambridge Centre for Alternative Finance (CCAF) revealed that Kazakhstan-based miners accounted for 13.22% of the total Bitcoin hash rate, with the country’s monthly hash rate averaging 24.6 Eh/s.