In one of the biggest bitcoin sell-offs ever, a mysterious early investor—often called a “Satoshi-era bitcoin whale”—has sold over 80,000 BTC, worth more than $9 billion. The sale was handled by Galaxy Digital, a major player in the digital assets space, and went down with hardly a hitch. The investor had held the bitcoin for about 14 years and quietly moved the coins earlier this month. According to blockchain analysts, the BTC came from wallets created as far back as 2011. Those wallets had been completely inactive for over a decade. Galaxy Digital announced the massive transaction on Friday, calling…
Author: ₿e Proud
Google DeepMind CEO Demis Hassabis has reacted to Meta poaching AI talent from other startups while offering hefty packages to potential recruits. Hassabis called Mark Zuckerberg’s company’s poaching attempts ‘rational’, given that they are lagging behind in the generative AI race compared to the competition.Notably, Meta had started its Superintelligence Labs earlier this year, headed by former Scale AI CEO Alexander Wang and ex-GitHub CEO Nat Friedman. The new initiative was set up after a dull reception to its Llama model launches in April.Reports suggest that Zuckerberg was personally involved in the hiring for this team, wooing top talent with…
Key Takeaways Galaxy Digital transferred over 10,000 BTC, worth about $1.2 billion, to exchanges within 8 hours. The BTC originated from a Satoshi-era whale’s address reactivated after 14 years of dormancy. Share this article Galaxy Digital moved more than 10,000 Bitcoin, valued at approximately $1.2 billion, to crypto exchanges over the last 8 hours, according to on-chain data tracked by Lookonchain. Note that #GalaxyDigital has deposited over 10,000 $BTC($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B).https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg — Lookonchain (@lookonchain) July 25, 2025The transfer comes after Galaxy Digital received…
Christie’s International Real Estate, one of the United States’ largest luxury brokerages, has launched a new division dedicated to handling property deals in digital currencies such as bitcoin, according to The New York Times report. The division allows buyers and sellers to complete deals entirely with digital currency, without involving banks. JUST IN: One of the largest US luxury brokerages, Christie’s International Real Estate, becomes first major brokerage to create a division to “exclusively” handle property sales made in Bitcoin & crypto, New York Times reports.— Bitcoin Magazine (@BitcoinMagazine) July 24, 2025 The new unit, led by the CEO of…
As our lives grow increasingly digital and we spend more time interacting with eerily humanlike chatbots, the line between human connection and machine simulation is starting to blur. Today, more than 20% of daters report using AI for things like crafting dating profiles or sparking conversations, per a recent Match.com study. Some are taking it further by forming emotional bonds, including romantic relationships, with AI companions. Millions of people around the world are using AI companions from companies like Replika, Character AI, and Nomi AI, including 72% of U.S. teens. Some people have reported falling in love with more general…
Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai’s World AI Conference this weekend were embodiments of China’s growing AI prowess and ambition. The annual event is primed at showcasing China’s progress in the ever-evolving field of artificial intelligence, with the government aiming to position the country as a world leader on both technology and regulation as it snaps at the United States’ heels. Opening the event on Saturday, Premier Li Qiang announced China would set up a new organisation for cooperation on AI governance, warning the benefits of development must be balanced…
The continued success of Spot Ethereum ETFs in the US has resulted in the cumulative net inflows reaching $9.333 billion from launch, adding $452.72 million on Friday alone, according to SoSoValue. Black Rock’s Eta regains its top spot BlackRock’s Ishares Ethereum Trust (ETHA) has regained its position as the dominant etheric ETF, leading the market with $440 million in net daily inflows. Etha currently manages $10.69 billion in assets, accounting for the largest share of US ETHETFs. Bitwise’s ETHW continued at $9.95 million, while Fidelity’s Feth recorded $70 million. However, Grayscale’s Ethe remained in the red, flowing $23.49 million on…
With Bitcoin’s price hovering around $120,000, speculation about where we are in the current cycle is intensifying. The data, particularly when mapped against previous cycles, suggests that this bull market could top out within the next three months. But does this hold true, or are there reasons to believe this time truly is different? The 100-Day Countdown Viewing the Bitcoin Growth Since Cycle Low chart, we can see that we’re currently around 975 days into the ongoing cycle. For comparison, the 2017 bull market topped out 1,068 days after its cycle began, while the 2021 cycle peaked at 1,059 days.…
When industrial AI startup CVector meets with manufacturers, utility providers, and other prospective customers, the founders are often asked the same question: Will you still be here in six months? A year? It’s a valid concern in an environment where the biggest, richest tech companies are luring top talent with eye-watering salaries and increasingly targeting rising AI startups with elaborate acqui-hire deals. The answer that CVector founders Richard Zhang and Tyler Ruggles give every time is also the same: They’re not going anywhere. And that matters to their customers — a list that includes national gas utilities and a chemical manufacturer…
Recent discourse within the cryptocurrency community indicates a pivotal shift in the way Bitcoin’s economic cycles are perceived, particularly concerning its speculated growth pattern. Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, suggests that the historical four-year cycle of Bitcoin, closely tied to its halving events, may no longer be a reliable predictor of its future trajectory. Questioning the Four-Year Cycle Historically, Bitcoin’s price movements have shown a pattern of significant peaks followed by corrections, often aligning with its halving events — occurrences every four years when the reward for mining Bitcoin transactions is cut in half, theoretically…