Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing

The U.S. Department of Justice (DOJ) has shut down crypto trading firm Gotbit after seizing $23 million in assets tied to alleged market manipulation. A court ordered the company to dissolve, accusing it of "wash trading"—a deceptive practice where traders artificially inflate activity by buying and selling the same assets to themselves. This marks another high-profile crackdown on crypto misconduct.

Editor’s Note: This isn’t just about one shady firm—it’s part of a broader push to clean up crypto markets. Wash trading distorts prices and misleads investors, so regulators are stepping in hard. For everyday traders, it’s a reminder that while crypto offers big opportunities, it’s still a Wild West without sheriff badges. More crackdowns like this could mean safer markets… or a chilling effect on innovation, depending on who you ask.

Despite recent market turbulence from geopolitical tensions, Bitcoin is holding strong above $100,000, and some experts—like crypto analyst Ansem—are doubling down on bullish predictions, suggesting BTC could skyrocket to $600,000. Ansem points to upcoming developments that might fuel this surge, though the article leaves us hanging on the specifics.

Editor’s Note: For crypto enthusiasts, this is a mix of reassurance and hype. Even with global instability shaking markets, Bitcoin’s resilience and expert optimism suggest big gains could be ahead. Whether you’re a skeptic or a true believer, it’s a sign that crypto’s wild ride isn’t over yet—and the next peak might be way higher than anyone expected.

Russian officials uncovered a sneaky operation where a modified truck packed with 95 cryptocurrency mining rigs was siphoning electricity meant for a small village in Buryatia. The rigs, along with a mobile transformer, were hidden inside a KamAZ truck, essentially turning it into a robbing crypto mine on wheels.

Editor’s Note: This isn’t just another crypto mining bust—it’s a wild example of how far some will go to exploit resources. Stealing power from a village isn’t just illegal; it’s a stark reminder of the real-world consequences of unchecked crypto mining, especially in areas where energy is scarce. It also highlights the creative (and shady) lengths people will take to avoid detection.

Crypto investors just got hit hard—over $1 billion in losses as Bitcoin and other cryptocurrencies took a nosedive. Bitcoin briefly dropped below $103,000 (assuming this is a typo and should be $63,000 or lower, given recent trends), dragging altcoins down with it. If you were betting on prices going up, yesterday was a brutal day.

Editor’s Note: This isn’t just a blip—it’s a reminder of how wild crypto markets can be. When big liquidations happen, it shakes confidence and can trigger even more selling. Whether you’re a trader or just watching, these swings show why crypto remains high-risk, even as it goes mainstream.

Despite rising geopolitical tensions in the Middle East and growing concerns over global trade wars, Bitcoin is holding its ground—even showing resilience when traditional markets wobble. It’s a reminder that crypto often dances to its own beat, even when the world seems chaotic.

Editor’s Note: Bitcoin’s stability (or stubbornness, depending on your view) during global turmoil is a big deal because it challenges the old idea that crypto is just a speculative gamble. If it keeps this up, more investors might start seeing it as a hedge against instability—like digital gold, but with way more volatility. Whether that’s reassuring or nerve-wracking depends on how much you trust the crypto rollercoaster.