Bitcoin's $9B Whale Gamble: Record Unrealized Gains Meet Fed Rate Hike Risk

Bitcoin short-term holder whales are sitting on $9 billion in unrealized gains — the largest paper profit on record since CryptoQuant began tracking in 2016. That's a mountain of profit waiting for a trigger.

Money Moves

• Block seeks US trust bank charter — Jack Dorsey's payments company applied to the OCC to create Builders Bank & Trust, a federally regulated trust bank offering custody for Bitcoin and stablecoins under national supervision.
• **Strategy...