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Two long-dormant bitcoin wallets tied to physical Casascius coins moved a total of 2,000 BTC, worth roughly $180 million after more than a decade of inactivity.The coins had been untouched since 2011 and 2012, when bitcoin was trading for less than $15 versus today’s price just shy of $90,000. The movement was confirmed by a blockchain explorer tracking the addresses.Casascius coins are physical collectibles containing embedded private keys, made by Utah-based entrepreneur Mike Caldwell beginning in 2011. The coins, issued in denominations ranging from 1 to 1,000 BTC, were designed as offline cold storage.Each coin came with a tamper-evident holographic…

Major French banking group BPCE is set to start offering crypto trading services to retail customers through its Banque Populaire and Caisse d’Épargne apps starting Monday.Customers of four regional banks, including Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur, will be able to buy and sell bitcoin BTC$89,682.35, ether ETH$3,034.52, solana SOL$132.59, and USDC directly through their banking apps, The Big Whale reports.The rollout will reach around 2 million customers in the pilot phase, with BPCE planning to expand access to its full 12-million-strong retail base through 2026.The service operates through a separate digital asset account managed by Hexarq, BPCE’s…

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…

Congressional panels have advanced nominations for regulators who will deal with crypto, but the full Senate hasn’t confirmed them yet. We’re also running out of time for market structure.PS: I’ll be in Washington, D.C. for the Blockchain Association’s annual summit. I’d love to say hi if you’re there.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeTwo weeks ago, this newsletter looked at how time was running out for the crypto industry to lock in legislative wins in 2025. Now, with December in full swing…

LUNC and LUNA are soaring as the DOJ seeks the maximum sentence for the Terra founder.Three years after the collapse of LUNA and UST, Terra founder Do Kwon is still in the midst of a legal battle, and after today’s news that the U.S. Department of Justice (DOJ) is seeking a 12-year prison sentence, Luna Classic (LUNC) is up 130%.Luna Classic is the original Terra network token at the center of its algorithmic stablecoin model that spectacularly collapsed in 2022. The downfall of Terra’s UST stablecoin is considered a primary contributor to the FTX collapse and 2022-2023 bear market. Following…

Input Output, the engineering firm best known for building Cardano, has begun a sweeping restructuring that includes a name change and a move into technology sectors far beyond its blockchain origins.The company said on December 5 that it will drop “Global” from its name and operate as Input Output Group. It plans to expand into quantum computing, digital identity, fintech, and healthcare.Sponsored SponsoredWhy is Cardano’s Engineering Firm Expanding Operations?Charles Hoskinson, the company’s founder, said the redesign reflects how far the organization has evolved from its initial focus on blockchain protocol engineering. He described the new phase as an effort to…

Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range. One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here.…

Concerns about stablecoin issuer Tether’s financial stability resurfaced this week after BitMEX founder Arthur Hayes warned the company could face serious trouble if the value of its reserve assets were to fall. But CoinShares’ head of research, James Butterfill, pushed back on those claims.In a Dec. 5 market update, Butterfill said fears over Tether’s solvency “look misplaced.”He pointed to Tether’s latest attestation, which reports $181 billion in reserves against roughly $174.45 billion in liabilities, leaving a surplus of nearly $6.8 billion.“Although stablecoin risks should never be dismissed outright, the current data do not indicate systemic vulnerability,” Butterfill wrote.Tether remains one…

Strategy CEO Phong Le said part of the reason for establishing a $1.44 billion USD reserve was to alleviate investor concerns over the company’s health amid a Bitcoin slump. “We’re very much are a part of the crypto ecosystem and Bitcoin ecosystem. Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD,” said Le during CNBC’s Power Lunch on Friday.This afternoon, Phong Le, CEO of @Strategy, joined @CNBC @PowerLunch to discuss how $MSTR moves with bitcoin, how our USD reserve addresses recent FUD,…

In brief Postal series fans said the Bullet Paradise trailer showed AI-generated artwork, prompting a swift cancelation. Discord insults and a mocking post on X deepened backlash around the externally developed spinoff. Running With Scissors said it’s shifting focus to other 2026 projects after reviewing the incident. Running With Scissors, publisher of the controversial shooter game franchise Postal, said this week that it had canceled a newly revealed series entry one day after announcing it, responding to backlash after fans said the reveal trailer appeared to use AI-generated artwork.The game, Portal: Bullet Paradise, was a fast-paced first-person shooter spinoff developed…