2h ago
Bitcoin Selling Pressure Halves Since July, May Offer Entry Point for Macro-Confident Investors
Bitcoin's weekly realized profit has declined to $1-$2 billion since late September, down from over $4 billion in July when long-term holders intensified distribution, data show. CryptoQuant CEO Ki Young Ju stated the asset remains under selling pressure but could represent a strategic buying opportunity for investors with conviction in the macroeconomic outlook. The moderation in sell-side activity suggests improved macro conditions could catalyze the next upward move.
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2h ago
2h ago
Michael Selig to face Senate confirmation hearing for CFTC chair on November 19
Michael Selig, President Donald Trump's nominee for CFTC chairman, will appear before the Senate Agriculture Committee on November 19. The agency has operated with a single commissioner, Caroline Pham, since September; Pham plans to resign once a new chair is confirmed. Senators are expected to examine Selig's positions on crypto enforcement, asset classification standards, and coordination with the SEC.
2h ago
3h ago
China Accuses U.S. of Orchestrating 2020 Theft of 127,000 Bitcoin from Mining Pool
China's National Computer Virus Emergency Response Center has accused the United States of orchestrating the 2020 hack of the LuBian mining pool, which resulted in the theft of 127,000 Bitcoin. The agency alleges the operation used state-level hacking tools, with U.S. authorities seizing the coins in October 2025 under what Beijing describes as false law enforcement grounds. The disputed holdings are currently valued at approximately $13.3 billion.
3h ago
4h ago
China Questions U.S. Role in 127,272 BTC Theft from LuBian Mining Pool
Chinese officials have questioned potential U.S. involvement in a December 29, 2020 hack of the LuBian mining pool that resulted in the theft of 127,272 BTC, valued at approximately $3.5 billion at the time. The U.S. Department of Justice announced in October 2025 it had seized approximately 127,000 BTC and charged Chen Zhi, owner of Cambodia's Prince Group, in connection with the incident. The stolen cryptocurrency had remained inactive for nearly four years before the seizure.
4h ago