[U.S. Sanctions North Korean Bankers, Accusing Them of Laundering Stolen Crypto Assets] The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against multiple bankers and related entities, accusing them of participating in laundering money for North Korea and transferring crypto assets obtained through cybercrime to fund its nuclear weapons program. The Treasury stated that North Korea has stolen over $3 billion in digital assets over the past three years, ranking first globally in scale. Those sanctioned include North Korean bankers Jang Kuk Chol and Ho Jong Son, who manage approximately $5.3 million in cryptocurrency funds. North Korea relies on bank representatives, shell companies, and networks of financial institutions in its own country and places like Russia to launder money and evade sanctions.

[James Wynn's BTC Short Position Gains $50,000] According to Arkham data monitoring, investor James Wynn established a short position when BTC's price reached $116,000. The current position size is $687,000, with an unrealized profit of $50,000. The liquidation price for this position is $111,350.

[Today, U.S. Bitcoin and Ethereum ETFs saw net outflows of 1,723 BTC and 38,833 ETH respectively] According to monitoring by Lookonchain, today 10 U.S. Bitcoin ETFs experienced a net outflow of 1,723 BTC, valued at approximately $180.02 million; 9 Ethereum ETFs saw a net outflow of 38,833 ETH, valued at approximately $138.25 million.

[Tenerife Government Plans to Sell 97 Bitcoins, Expected to Earn Over 1,000 Times Profit] The Tenerife government is planning to sell 97 Bitcoins purchased by its Institute of Technology and Renewable Energy (ITER) in 2012 for €10,000, which are now valued at approximately $10 million, representing a growth of over 1,000 times. According to council member Juan José Martínez, ITER is negotiating the transaction with a financial institution that holds dual certification from the Bank of Spain and the National Securities Market Commission. Previously, due to regulatory obstacles and concerns over the high volatility of crypto assets, the sale plan could not move forward. Additionally, ITER had been unable to access its Bitcoin wallet, leaving the assets dormant for eight years. Martínez stated that they hope to complete the transaction within the next few months, though potential buyers have not yet been officially disclosed.

The layer-1 token broke key support levels and saw 68% above-average volume as traders dumped risk.