BlackRock transfers 3,064 BTC and 64,707 ETH to Coinbase for $478M

Bitfury has announced a $1 billion initiative aimed at funding ethical artificial intelligence, quantum computing, and digital identity solutions that extend beyond blockchain technology. This initiative is part of Bitfury's commitment to advancing technology in a responsible manner, focusing on ethical considerations in the development and deployment of these technologies. The announcement highlights Bitfury's strategic direction in the rapidly evolving tech landscape, emphasizing its role in fostering innovation while adhering to ethical standards.

Bitcoin has rebounded to nearly $94,000 after experiencing a dip below $90,000, showcasing the ongoing volatility and rapid price fluctuations in the cryptocurrency market. This rebound follows a period of significant concern among investors as Bitcoin's price had fallen below the critical $90,000 mark for the first time in seven months, raising fears of further declines.

The US banking regulator has permitted banks to hold cryptocurrencies to pay network fees, a decision that could significantly enhance the integration of traditional banking with the cryptocurrency sector. This regulatory change is expected to reshape financial services and payment systems, allowing banks to engage more actively in the crypto market.

KuCoin has officially launched its operations in Australia by opening a new office in Sydney. The company has appointed James Pinch as the Managing Director and has partnered with renowned golfer Adam Scott for its inaugural marketing campaign. This expansion marks a significant step in KuCoin's strategy to enhance its global presence in the cryptocurrency market.

Recent data indicates a significant movement of 65,200 Bitcoin to exchanges, signaling potential capitulation among short-term holders. This influx highlights increasing market volatility and uncertainty, which could undermine investor confidence and affect future price stability. The current climate raises concerns as Bitcoin's price hovers near critical support levels, suggesting a challenging environment for both new and existing investors.

Binance has announced that it will accept BlackRock's tokenized fund, BUIDL, as collateral on its platform. This development marks a significant expansion for the tokenized fund as it integrates with the BNB chain. The move has been positively received by Binance's former CEO, Changpeng Zhao, indicating a strengthening relationship between the cryptocurrency exchange and the asset management giant.

Eightco Holdings, backed by Tom Lee, has acquired over 10% of the total supply of WLD, a significant move that could impact market dynamics. This increase in holdings may facilitate broader adoption of human-verification solutions across various industries, highlighting the growing importance of cryptocurrency in the market.

A significant outage at Cloudflare has disrupted access to various cryptocurrency websites, including Coinbase and Blockchain.com, as well as several social media platforms. Users reported difficulties in reaching these sites following Cloudflare's announcement of an 'internal service degradation.' This incident highlights the reliance of the cryptocurrency sector on third-party services for operational stability.