Dormant Bitcoin Whale Moves $53 Million as Strategy Eyes S&P 500 Inclusion

Dormant Bitcoin Wallet Moves 81 BTC for First Time in Nearly 13 Years, Remaining 398 BTC Still Held

A bitcoin wallet inactive since 2012 transferred 81.25 BTC ($9 million) Thursday morning, according to onchain data. The wallet’s legacy “16fXT” address, which once held 398 BTC, moved the funds to modern native SegWit addresses, though most of the BTC has not been spent further. The wallet’s owner and purpose of the transfers remain unknown. The remaining 398.44 BTC, now worth over $44 million, remains in the original address. This movement reflects a broader trend of OG bitcoin whales increasing activity amid rising BTC prices.

SEC Outlines Crypto-Focused Rulemaking Agenda With Potential Exemptions and Exchange Access

The U.S. Securities and Exchange Commission released its upcoming rulemaking agenda, signaling broad reforms for cryptocurrency regulations. Proposed initiatives include rules on the offer and sale of digital assets with potential exemptions and safe harbors, as well as amendments to allow crypto trading on national securities exchanges and alternative trading systems. The agenda aims to reduce regulatory burdens while increasing transparency and investor protection. The proposals mark a shift from the prior administration’s strict enforcement approach, reflecting a more industry-friendly stance.

Kraken Acquires Breakout to Offer Performance-Based Crypto Trading With Up to $200,000 in Funded Capital

Kraken has acquired Breakout, a proprietary trading firm that funds skilled traders based on performance. Starting September 1, qualified traders can access up to $200,000 in notional capital after passing rigorous evaluations and maintaining risk discipline. Successful traders keep up to 90% of profits, paid on-demand. The acquisition expands Kraken’s offerings for advanced traders, integrates Breakout into Kraken Pro, and emphasizes merit-based capital allocation over connections. Traders can deploy strategies across 50+ crypto pairs with up to 5x leverage on BTC and ETH contracts, supporting scalable, performance-driven trading.

Michael Saylor’s Strategy Inc. Emerges as Potential S&P 500 Contender With $70 Billion Bitcoin Treasury

Michael Saylor’s Strategy Inc., formerly MicroStrategy, has become a potential candidate for S&P 500 inclusion after posting a $14 billion unrealized gain last quarter, meeting profitability and liquidity requirements. If admitted, passive funds tracking the index would need to purchase nearly 50 million shares worth around $16 billion, indirectly exposing institutions such as pension funds to Bitcoin. Strategy holds roughly $70 billion in BTC, making it one of the most prominent corporate-treasury Bitcoin plays. While the firm’s size and liquidity strengthen its case, volatility, capital-raising concerns, and the index committee’s discretionary sector balance remain hurdles. Inclusion would mark a milestone for institutional crypto adoption, similar to Coinbase and Block’s earlier entries.

Trump-Linked Crypto Projects WLFI and American Bitcoin Drop Over 20% Amid Market Selloff and Nasdaq Oversight Concerns

World Liberty Financial (WLFI), a DeFi project inspired by President Trump, saw its token price fall 24% Thursday, while American Bitcoin (ABTC), backed by Trump’s two eldest sons, dropped 21% after debuting on Nasdaq a day earlier. The declines outpaced broader market losses, with Bitcoin and Ethereum down 2.4% and 3.6%. WLFI’s selloff lacked a clear catalyst, but ABTC’s decline may be linked to a Nasdaq decision to heighten oversight of companies raising funds to buy crypto. WLFI launched earlier this week with a fully diluted valuation exceeding $30 billion, while ABTC surged 17% on its first day of trading before reversing.