Coindesk

Movements of bitcoin cash (BCH) took place amid the mysterious transfers of $8.5 billion worth of ‘Satoshi-era’ bitcoin late Friday.Conor Grogan, a director at Coinbase, flagged a suspicious BCH transaction of over 10,000 tokens (worth nearly $5 million at current prices) tied to one of the whale wallets hours before the main transfers began.The move raised the possibility that someone may have gained access to legacy private keys and quietly tested them before initiating the massive BTC movements.“There is a possibility that the owner was testing the private key in a way that wouldn't get noticed,” Grogan posted on X. “BCH isn't monitored heavily by whale-watching services.”Eight wallets that had been dormant since 2011 each transferred 10,000 BTC to new...

Dogecoin stabilized Saturday after a steep intraday decline, bouncing off a low of 16.1 cents and closing near 16.3 cents. The 5% drop came amid broader market volatility driven by macroeconomic concerns and shifting investor sentiment. Despite the downturn, DOGE showed signs of strength, with volume at support levels well above average, suggesting possible accumulation as the market seeks direction.News BackgroundGlobal markets continue to absorb a wave of economic pressure from ongoing trade disputes and policy uncertainty. President Trump’s renewed tariff threats and unresolved fiscal debates are keeping risk assets — including cryptocurrencies — on edge. While memecoins like DOGE tend to amplify these swings, Thursday’s price action also showed signs of resilience.Dogecoin held firm above $0.162 with buyers stepping...

More than $8 billion worth of bitcoin mined during the network’s earliest days — colloquially known as the “Satoshi era” — were moved Friday in the largest such transfer on record.Two wallets that had remained dormant for over 14 years each transferred 10,000 BTC to new addresses around early Friday, as CoinDesk reported. The two addresses had initially received their coins on April 3, 2011, when bitcoin traded at just 78 cents.That BTC is now worth over $1.1 billion per wallet at current prices, marking an appreciation of more than 13.9 million percent.The original source of the coins was wallet “1HqXB…gDwcK,” which sent 23,377.83 BTC to three separate wallets in 2011.Two of those — “12tLs…xj2me” and “1KbrS…AWJYm” — held the...

AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise's NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high.The launch of Bitwise's NEAR Staking ETP marks a significant milestone for institutional adoption of the protocol, allowing regulated investors to gain exposure to NEAR's staking rewards through a traditional investment vehicle.Technical analysisNEAR has experienced a substantial decline of $0.124 (5.42%) over the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $2.294 to $2.170. The asset established a clear resistance zone around $2.290-$2.298 with multiple rejections, while breaking below key support at $2.220 on heavy volume...

The Bank of Canada took a significant step in exploring the technical feasibility of a digital Canadian dollar, proposing a specific system designed for a retail central bank digital currency (CBDC) focused on simple, everyday payments, according to a new research paper. The central bank’s research team examined OpenCBDC 2PC, a model developed in collaboration with the Massachusetts Institute of Technology's Digital Currency Initiative. This design prioritizes privacy, speed and decentralization by allowing users to hold digital funds directly, much like digital cash.The new research comes after the Bank of Canada said it is shifting its focus away from a retail CBDC last year, saying that it was prepared if the people of the nation decide such a product...