A dormant Bitcoin whale moved $116 million of the cryptocurrency ahead of the Fed’s key interest rate decision as crypto traders braced for volatility in global markets. A long-dormant Bitcoin whale moved about $116 million worth of the cryptocurrency after 12 years, just before the US Federal Reserve’s closely watched interest rate decision. The unknown whale woke up after 12 years of dormancy to transfer 1,000 Bitcoin (BTC) — worth around $116 million at current prices — which he initially acquired for about $847 per coin. The BTC was worth around $847,000 at the time, which the whale hodled for over a decade before transferring it to new wallets on Wednesday, according to blockchain data platform Lookonchain. The over $100 million transfer occurred shortly before Wednesday’s upcoming Federal Open Market Committee (FOMC) meeting, a highly anticipated event that may deliver the first US interest rate cut of the year. Read more
Social media influencer Carl Runefelt, also known as Carl Moon, wants to help rewrite crypto’s narrative, and he’s started with the operating table. Entrepreneur and Web3 investor Carl Runefelt, who runs successful social media channels under the name Carl Moon, recently donated more than $400,000 in crypto to Kids Operating Room (KidsOR), a nonprofit dedicated to providing surgical care for children in underserved regions. Runefelt persuaded the organization to start accepting crypto to unlock a new wave of global donors. KidsOR co-founder and chairman Garreth Wood told Cointelegraph that Runefelt’s donation was a “game changer” for them. “It wasn’t just a generous gift,” Wood said. “It showed us that new ways of fundraising could bring together a community of people who want to use innovation to help children across the globe.” Read more
The UK has discussed adopting a more crypto-friendly approach with the US in a bid to boost industry innovation and attract more investment to Britain. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter. The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. Read more
Bitwise’s Stablecoin & Tokenization ETF would track companies tied to stablecoins and tokenization sectors, as demand for onchain assets accelerates under new US rules. Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization. According to a Tuesday filing, the proposed ETF will track an index featuring companies from stablecoin issuers, infrastructure providers, payment processors, exchanges and retailers to regulated crypto exchange-traded products (ETPs) with exposure to Bitcoin (BTC) and Ether (ETH). The index, which will go through quarterly rebalances, is split into two equally weighted sleeves: an equity sleeve and a crypto asset sleeve, each making up half of the fund. The equity sleeve will focus on companies most directly tied to stablecoins and tokenization, while the crypto asset sleeve will provide exposure to blockchain infrastru...