Irish drug lord’s lost Bitcoin fortune comes back to life as $41 million moves to Coinbase
The net receipt reached an address Arkham labels a Coinbase Prime deposit, a destination also used in July and August.
BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell.
Circle CEO Jeremy Allaire shrugs off Bitcoin's slump and pitches digital dollars for AI payments as GENIUS Act rules near.
October 22, 2026, 3:13 amBitcoin hit $84,807 on Wednesday, its highest since October 7, pushing Strive up more than 13% and Strategy up more than 7%.
October 21, 2026, 11:17 pmThe net receipt reached an address Arkham labels a Coinbase Prime deposit, a destination also used in July and August.
Elon Musk confirmed that Tesla and SpaceX are exploring a merger that could combine their existing Bitcoin holdings under one company. Speaking during SpaceX's Oct. 20 earnings call, Musk said both companies had established special committees of independent directors to evaluate a potential combination.
Shares of bitcoin treasury companies Strategy and Strive surged Wednesday, extending gains as bitcoin rebounded to hit its highest price in two weeks and investors weighed fresh BTC acquisitions and financing moves by the two publicly traded firms.
The resurgence in tech stocks and Bitcoin's rise highlight a renewed risk appetite, potentially stabilizing crypto markets amid volatile equities.
Dolomite's integration of BTCcx highlights a shift towards regulated custody in DeFi, balancing institutional demand for yield with security.
Rising open interest signals increased trader participation, but heightened leverage risks cascading liquidations if market sentiment shifts.
The skewed bullish positioning in Bitcoin options could lead to rapid price increases, but also risks sudden downturns due to under-hedging.
SpaceX's AI-driven revenue surge and significant Bitcoin holdings highlight its evolving role in tech and finance, impacting market dynamics.
The hacks highlight vulnerabilities in hardware wallets, prompting a shift towards multisignature setups and regulated custody services for security.