Strategy Inc. sold 1,638 Bitcoin (BTC) last week for $104.7 million, reducing its holdings to 842,138 BTC.
The Block reported that Strategy disclosed the sale. The transaction raised $104.7 million. Separately from any additional company sales, Michael Saylor said, “I have never personally sold any of my Bitcoin.”
Brian Armstrong, CEO of Coinbase, urged the U.S. Senate to pass the CLARITY Act this week.
Bitcoin.com News reported on the 3rd that Armstrong pressed the Senate to act, noting that one in four Americans owns cryptocurrency. He also argued that voter support is stronger for lawmakers who back the CLARITY Act.
U.S. Senate Majority Leader John Thune is still said to expect a vote on the crypto CLARITY Act before Congress recesses this week.
The crypto news account Watcher.Guru on X reported that Thune made the remark. The vote remains tentative, and it remains to be seen whether it will take place this week as he expects.
CATE plunged more than 80% in a short period.
Its market capitalization at one point fell to $10 million. Odaily reported that CATE’s price crashed by more than 80% in a brief span, causing its market value to shrink sharply as well.
LpdFi was reportedly hit by an attack worth about $700,000.
The attacker is believed to have manipulated prices and triggered liquidations using a $44 million flash loan. In a report, Chainalysis said its subsidiary Hexagate detected the attack. Investigators found that the attacker used flash-loaned funds on a decentralized exchange (DEX) to artificially drive up the price of the LPD token by 71 times. After the price distortion, liquidations occurred on LpdFi, resulting in an estimated $700,000 in losses.
Bitcoin (BTC) rose back above $64,000.
Watcher.Guru’s X account reported on the 3rd that Bitcoin had reclaimed the $64,000 level.
120 million USD Coin (USDC) was transferred from a Coinbase institutional wallet to an unidentified wallet.
The transfer was valued at $120,003,793 at the time. Blockchain tracking account Whale Alert on X reported detecting the large fund movement. The owner of the receiving wallet and the purpose of the transfer have not been identified.
BitMine staked 28,800 Ether (ETH) through Coinbase Prime.
Odaily reported that BitMine staked its Ether holdings through Coinbase Prime, Coinbase’s institutional service platform. BitMine holds the largest Ethereum treasury among publicly listed companies and continued managing its holdings through this staking move.
A newly created wallet staked 724,900 Hyperliquid (HYPE).
Odaily reported that a newly created wallet staked 724,900 HYPE, with the tokens valued at about $39.67 million.
A former senior FBI agent is accused of stealing about $1 million worth of cryptocurrency using internal materials.
A criminal complaint filed by the U.S. Department of Justice alleges that Patrick Steven Yaroch, a former FBI supervisory special agent, accessed internal FBI records using his official authority. The DOJ believes Yaroch obtained access information in the process, including recovery phrases for crypto wallets linked to hostile states, and used them to steal assets.
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