[Bitcoin Whale Groups Have Sold or Redistributed 36,500 BTC This Month]
Since the beginning of this month, Bitcoin whale groups holding between 10,000 and 100,000 BTC have sold or redistributed 36,500 Bitcoin, valued at approximately $3.373 billion.
[Stream Finance Founder Sues Business Partners for Misappropriating $93 Million to Cover Personal Losses]
Stream Finance co-founder filed a lawsuit under the name Stream Trading Corp. against Georgia resident Ryan DeMattia and Florida resident Caleb McMeans. The lawsuit accuses DeMattia of misappropriating $93 million in cryptocurrency to cover losses from personal loan defaults, an amount accounting for approximately 17% of entrusted assets. It also accuses McMeans of failing to fulfill the takeover agreement from January this year and assisting in concealing the flow of funds. The agreement was closed in November 2024 due to operational challenges, with McMeans admitting to authorizing DeMattia to make off-chain investments despite the lack of a formal relationship between the two parties.
[YouTube Allows U.S. Creators to Receive PYUSD Payments via PayPal]
YouTube has introduced a new feature allowing U.S. creators to receive stablecoin payments through PayPal. PayPal's Head of Crypto, May Zabaneh, confirmed that creators can now choose to receive their platform revenue share in the form of PayPal's stablecoin, PYUSD. This feature is currently available only to U.S. users. Earlier in the third quarter of this year, PayPal added the functionality to receive payments in PYUSD, after which YouTube decided to offer this option to creators without directly handling cryptocurrency.
BBX News: Yesterday, global listed companies' encryption configurations showed a trend of diversification and practicality:
- BTC continued to increase holdings: Lion Group (NASDAQ: LGHL) invested $8 million to purchase 88.49 BTC; Spain's Vanadi Coffee (BME: VANA) increases holdings of 10 BTC to 129 BTC
ETH received financing support: Republic Technologies of Canada (OTCMKTS: DOCKF) raised $10 million and has increased its holdings of 742.4 ETH
Application based asset icebreaker: Shuntai Holdings (HKEX: 01335) purchases 141700 FILs (approximately USD 200000) to be used as mining collateral
Institutional allocation has expanded from core assets to practical encrypted assets such as FIL, with a more segmented strategy.
Source: bbx.com/