News

1. Tether will cease support for USDT on five blockchains, including EOS, starting September 1;2. The total value of assets held by Strategy has surpassed $70 billion, with the company's market capitalization currently at $122.1 billion;3. Linea project lead: An announcement related to TGE will be released this month;4. The Wall Street Journal: Google spent $2.4 billion to acquire Windsurf technology licensing and hired some of its employees;5. Kamino's Solana ecosystem deposits have exceeded $4 billion;6. A man’s sentence for SIM swap theft of $22 million in cryptocurrency has been increased to 12 years;7. A smart money address liquidated 141.77 WBTC, earning $1.822 million, with a monthly return rate of 12.3%;8. Opinion: The PUMP 1CO allocation may sell out within an hour, with the market cap expected to drop to $2.5 billion before surging to $20 billion;9. Huma 2.0 deposits will open on July 13, with a single wallet limit of $500,000;10. Luk Wah Securities plans to apply for a Hong Kong virtual asset trading license and introduce stablecoin payment settlement services;11. Author of "Rich Dad Poor Dad": Bought Bitcoin again at $110,000, looking to buy more after a market dip;12. Letsbonk founder: Platform website updates are expected to roll out gradually next week;13. Several popular tokens from yesterday showed a "fishing line" pattern, generally dropping 10%-30%.

BlockBeats News, July 12 — According to a certain exchange, as Bitcoin has repeatedly hit new highs recently, early Bitcoin investor and BitcoinTalk forum user "JohnGalt" has successfully redeemed a Casascius physical Bitcoin bar he had held for 13 years, extracting the 100 Bitcoin private keys stored within and realizing a profit of approximately $10 million. JohnGalt stated that he originally purchased the bar in 2012 for $500, when each Bitcoin was worth only about $5 and there was little interest in the cryptocurrency. In his post, he admitted that over the years he had tried multiple times to sell the bar, even considering auctioning it off, but was repeatedly thwarted by valuation disputes and trust issues, making it impossible to close a deal. Now, with Bitcoin surpassing $100,000, JohnGalt felt that continuing to hold a physical asset worth "eight figures in USD" was too risky, which finally prompted him to extract the 100 Bitcoins. It is worth noting that, since BCH and Bitcoin use the same private key mechanism, before JohnGalt could extract the BCH, an observant user quickly used the private key visible in the photo to withdraw $40,000 worth of BCH in just nine minutes.