hodler

6 Jun 2026, 14:38

OG Bitcoin Holder Wakes Up, Redeems Casascius Coin For 25 BTC After 15 Years

As bitcoin (BTC) continues to weather the storms of the bear market, the asset’s OG holders are waking up. A few days ago, an anonymous holder redeemed a physical bitcoin 15 years after it was created, receiving 25 BTC from the redemption. According to a tweet from Galaxy Research, the physical coin redeemed is an S1-COIN-25, part of the Casascius coins created between 2011 and 2013. The redemption netted over $1.78 million in bitcoin, calculated at current prices. OG Holder Redeems 25 BTC A Casascius coin is a physical token created by the early Bitcoin adopter and software engineer Mike Caldwell. The tokens were created with denominations of 0.5, 1, 5, 10, 25, 100, and 1,000 BTC, meaning they held real digital bitcoins. With receiving bitcoin addresses printed on the outside, each coin has a tamper-evident hologram concealing the matching private key at the back. Caldwell created brass, fine silver, gold-plated coins, and gold-plated bars, with their sizes ranging from 25.4 mm to 30 mm in diameter. The bars would weigh about 12 ounces if they were solid gold, but since they are metal alloys with gold plating, they weigh 4.2 ounces instead. They were all available as pre-loaded BTC coins and bars and are currently available on secondary markets like eBay, even though Caldwell stopped production in 2013 because he was operating as a money transmitter without a license. To redeem the coins, one has to peel the hologram at the back of the token to retrieve the private keys. The coin’s balance can be verified on platforms like Block Explorer by inputting the eight-character code seen on the outside of the coin. From Conversation Pieces to Storage Vessels Over the last 15 years, Casascius coin holders have redeemed their tokens for BTC, netting millions of dollars in profits. Some of the coins were worth less than $100 dollars at creation, but bitcoin’s rally over the years has increased their value significantly. These coins were created as conversation pieces to help talk to people about BTC; however, they ended up as forms of storing the asset long after their production. The Casascius coin that was redeemed within the week was created in December 2011 alongside thousands of other coins. In fact, data from the Casascius tracker shows that there are 27,916 coins and bars in existence, 10,479 of those having been opened. The collective value of the coins and bars created now stands above $6.2 billion, given bitcoin’s latest price. Meanwhile, the latest redemption comes as other OG holders wake up to move long-dormant assets. The post OG Bitcoin Holder Wakes Up, Redeems Casascius Coin For 25 BTC After 15 Years appeared first on CryptoPotato .

6 Jun 2026, 14:32

Huasheng restricts Mainland clients as China broker crackdown spreads

The ongoing efforts by China to curb illegal activities related to cross-border brokers have extended to other companies apart from the three mentioned last month (Futu, Tiger, and Longbridge). According to the First Financial (Yicai) report on June 6 , Huasheng Securities notified its customers that effective June 15 in Beijing time, it would suspend all new purchase operations and position openings for its mainland China accounts. It would also suspend all funds and securities inflows into its platform. Customers will still be allowed to trade out any current positions held on their account. CSRC crackdown pushes more offshore brokers to limit mainland clients On May 22, the China Securities Regulatory Commission (CSRC) initiated an enforcement action against Futu Securities International, Tiger Brokers and Longbridge Securities as part of its initiative to end cross-border securities business in the country over the next two years. The regulator fined the three firms with a total of 2.2 billion yuan ($324 million) after they were found guilty of attracting mainland investors without licenses to operate inside the country’s territory, as reported by Cryptopolitan . Futu Holdings alone will have to pay an estimated $271 million fine. In response, Futu Securities and Tiger Brokers informed their customers that customers situated within China would not be able to open any new position after June 12. Huasheng Securities advised the same would apply to it, although it will begin the restriction after June 15. It means that the grace period granted by the CSRC ends by May 2028. What makes Huasheng’s announcement notable is that the CSRC did not single it out. The regulator’s May 22 enforcement targeted only Futu, Tiger, and Longbridge. Huasheng is acting preemptively to comply with what its notice described as “industry regulatory requirements during a two-year intensive rectification period,” Jin10 Data reported . Although Huasheng is smaller than Futu and Tiger, its decision suggests that compliance measures may extend well beyond the firms specifically identified by regulators. Huasheng operates a Hong Kong-based securities platform serving mainland investors seeking access to overseas equities, making it part of the broader ecosystem targeted by Beijing’s effort to curb unlicensed cross-border securities activity. While Huasheng does not publicly disclose client numbers or assets under management at the same level as its larger listed rivals, its voluntary restrictions indicate that firms throughout the sector are preparing for prolonged regulatory scrutiny. BlockBeats reported that the restrictions would apply to any trading or fund transfer instructions originating from mainland China, regardless of account type. The brokerage said services for existing investors located outside the mainland would continue, and that client assets would remain safe. Futu and Tiger shares slide as investors assess regulatory risks Markets reacted sharply to the initial enforcement announcement. According to reports, shares of Futu Holdings and Tiger Brokers’ parent UP Fintech fell more than 30% in U.S. premarket trading immediately following the May 22 announcement. Subsequent trading saw Futu suffer one of its steepest single-day declines since listing, underscoring investor concerns about the importance of mainland clients to the offshore brokerage business model. When the CSRC announced its penalties on May 22, Futu shares dropped 26% in a single session. Tiger Brokers fell 23% in sympathy. The KraneShares CSI China Internet ETF and US-listed Chinese stocks including Alibaba also declined, Cryptopolitan reported at the time. The Financial Times reported that Chinese investors are concerned about missing access to upcoming offerings, including SpaceX’s planned IPO, as the regulatory walls close in. How China’s brokerage restrictions could reshape overseas investment flows The crackdown is not just relevant within Chinese borders. Platforms including Futu and Tiger served as major gateways for mainland Chinese investors wishing to gain exposure to offshore stocks traded in places like the United States and Hong Kong. Futu announced that its mainland Chinese client base represents about 13% of its funded client base as of Q1 2026, based on information from Cryptopolitan citing the firm’s filing documents. The importance of the regulatory effort reaches beyond the client base. The crackdown in Beijing was meant to plug a hole through which mainland Chinese investors gained access to foreign markets outside of approved programs like Stock Connect, Wealth Management Connect, and Qualified Domestic Institutional Investor schemes. Regulatory authorities are clearly indicating that going forward, offshore investing will be conducted via these officially approved channels. The plan set forth by the CSRC came on May 22 and gives the affected businesses a grace period of two years. Given the time frame of the grace period, the process is scheduled to end in May 2028, when all mainland clients will be able to withdraw their money but not make any more investments. The regulations eliminate one of the largest buying sectors in global equity markets which had been gaining momentum in recent years. This trend of increasing diligence in onboarding practices can be attributed to regulatory pressure in Hong Kong, Singapore, and London, as reported by Cryptopolitan earlier. By taking this initiative voluntarily, Huasheng reflects how the enforcement actions of the CSRC are creating a chilling effect on the whole cross-border trading ecosystem, including non-penalized brokerages. The overall impact of these actions taken by mid-size and smaller brokerages would definitely be greater than that of the three aforementioned penalties. Market operators and investors observing capital flows across Asia must observe if other brokerages follow suit ahead of the deadlines on June 12 and June 15. The smartest crypto minds already read our newsletter. Want in? Join them .

6 Jun 2026, 14:30

Decade-Old Bitcoin Wallets Reemerge and Shift $37 Million as BTC Hits 2026 Low

As bitcoin slipped to its lowest level of 2026, a sizable cache of long-dormant wallets stirred for the first time in years, transferring funds amid pressured market conditions. Roughly 599.76 BTC, valued at $37.04 million, was moved from wallets originally established in 2014 and 2017. Ancient Bitcoin 2014 Wallet Stirs A dormant bitcoin ( BTC)

6 Jun 2026, 14:24

Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC

🚨 A wallet named in a $285B Bitcoin lawsuit just moved 35.55 BTC. ⚡ After 13 years of inactivity, funds linked to $BTC case transferred this week. 📅 The 3.8 million BTC dispute cites abandoned property law in New York. Continue Reading: Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC The post Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC appeared first on COINTURK NEWS .

6 Jun 2026, 14:10

Anonymous Whale Borrows $142M from Aave to Buy 87,680 ETH, Faces Liquidation Risk at $1,354

BitcoinWorld Anonymous Whale Borrows $142M from Aave to Buy 87,680 ETH, Faces Liquidation Risk at $1,354 An anonymous cryptocurrency whale has borrowed 142 million USDT from the decentralized lending protocol Aave over the past 30 hours, using the funds to purchase 87,680 Ethereum (ETH), according to on-chain data from Lookonchain. The transaction, one of the largest single-entity moves in recent weeks, has drawn attention due to the elevated risk profile of the position. Whale Activity and Position Details Data shows the whale withdrew the USDT from Aave in multiple transactions before converting it into ETH, likely through decentralized exchanges or over-the-counter trades. The purchase price averaged around $1,619 per ETH based on the total value and volume. The whale’s health factor, a metric used by Aave to gauge the safety of a loan relative to the collateral, has dropped to 1.16. A health factor below 1.0 typically triggers liquidation, meaning the position is precariously close to being automatically sold off to repay the debt. Liquidation Threshold and Market Implications If the price of ETH falls to $1,354.51, the whale’s collateral would no longer cover the loan, leading to a forced liquidation on Aave. This threshold is approximately 16% below the current market price, making the position highly sensitive to downward price swings. Such a large liquidation could amplify selling pressure on ETH, especially if the whale’s position is part of a broader trend of leveraged bets in the DeFi ecosystem. Why This Matters for Traders and Investors The incident highlights the ongoing risks in decentralized finance, where large leveraged positions can cascade and impact market stability. For ETH holders, the whale’s activity adds a layer of uncertainty, as a price drop below the liquidation level could trigger automated selling, potentially accelerating declines. It also underscores the transparency of on-chain data, which allows market participants to monitor whale behavior in real time. Conclusion The anonymous whale’s $142 million leveraged bet on Ethereum reflects both the confidence and the risk-taking prevalent in the crypto market. While the position remains solvent for now, the low health factor and narrow margin to liquidation make it a key metric to watch in the coming days. Market observers will be monitoring ETH’s price action and any further movements from this whale, as the outcome could influence short-term sentiment. FAQs Q1: What is a health factor in DeFi lending? A health factor is a ratio used by protocols like Aave to measure the safety of a loan. It compares the value of the collateral to the borrowed amount. A health factor of 1.0 or below means the position can be liquidated. Q2: What happens if ETH drops to $1,354.51? If ETH falls to that price, the whale’s collateral will no longer be sufficient to cover the 142 million USDT loan. Aave’s smart contracts will automatically liquidate the ETH to repay the debt, potentially causing further price declines. Q3: Can the whale prevent liquidation? Yes. The whale can add more collateral to the position, repay part of the loan, or wait for ETH’s price to rise. The low health factor of 1.16 leaves little room for error, so any significant drop in ETH’s price could trigger action. This post Anonymous Whale Borrows $142M from Aave to Buy 87,680 ETH, Faces Liquidation Risk at $1,354 first appeared on BitcoinWorld .

6 Jun 2026, 14:05

Seasoned Analyst Identifies a Good XRP Entry Point Before Rally to $30

A market analyst known as Dr Cat has identified what he sees as an attractive long-term entry point for XRP. In a recent post on X, he argued that the asset could eventually rise to around $30 in the next major crypto market cycle. Visit Website