Bitcoin whales halt selling, accumulate over $2.7 billion in 60 days

Bitcoin whales have returned to the buyer camp, providing a potential signal that the cryptocurrency market, which has been in a slump for several months, may be bottoming out. According to on-chain data provider CryptoQuant, large holders have net accumulated approximately 43,000 Bitcoin over the past 60 days, equivalent to about $2.75 billion at current prices. This trend began when Bitcoin's price fell to around $60,000, marking a shift back to accumulation by this group after months of sustained selling. Meanwhile, data from Glassnode shows that medium-sized holders with 100 to 1,000 Bitcoin, as well as ultra-large holders with more than 10,000 Bitcoin,

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The Central Bank of Russia has capped market brokers' exposure to crypto assets at no more than 25% of their total capital.

PANews, August 18 – According to Bitcoin.com, the Central Bank of Russia has released a draft regulation requiring professional market participants, including brokers, trust institutions, foreign exchange dealers, and cryptocurrency exchanges, to include their cryptocurrency holdings when calculating own capital. Furthermore, the proportion of crypto assets must not exceed 25% of total capital. These holdings must be registered with licensed crypto custodians to facilitate state verification of their authenticity. The Central Bank stated that this measure aims to assess credit and market risks, ensuring the financial resilience of intermediaries involved in crypto transactions. This draft represents a continuation of Russia’s process of legalizing crypto assets, providing investors with a framework for assessment.

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