A UK Bitcoin investor has recovered 61 BTC after losing access to the funds when an early crypto exchange collapsed in 2014. The coins, originally purchased for £1,500, are now valued at approximately £3.3 million ($5 million).
The recovery came after a 12-year effort to reclaim the funds. The investor says he plans to use the windfall to purchase a larger home.
The case highlights the long-term consequences of early exchange failures and the enduring value of Bitcoin holdings from crypto's earliest years.
📈 Tokenized Stocks Hit $29.5B as Coinbase Joins Base
Tokenized stock transfers surged 415% to $29.5 billion, marking a significant acceleration in the on-chain equities market. Coinbase has now entered the space directly, launching four share-backed equity tokens on its Base network.
The tokens are available to non-U.S. users, reflecting the regulatory constraints that continue to limit domestic access to tokenized securities. Coinbase's move brings institutional-grade equity exposure onto a major Layer 2 chain.
As major platforms commit infrastructure to tokenized assets, the sector is shifting from experimental to increasingly mainstream within DeFi and Web3.
🏦 Coinbase Partners with Betrmortgage for Bitcoin-Backed Loans
Coinbase has announced a partnership with Betrmortgage to allow users to secure mortgages using Bitcoin as collateral.
The arrangement enables crypto holders to access real estate financing without liquidating their Bitcoin holdings. No further details on loan terms, eligibility criteria, or supported regions were provided in the announcement.
If confirmed at scale, this marks one of the first direct integrations between a major crypto exchange and a mortgage lender.
🌐 LayerZero to Launch Blockchain Exchange This Fall
LayerZero has announced plans to launch a blockchain-based exchange this fall, marking a significant expansion beyond its core cross-chain messaging infrastructure.
No further details on the exchange's structure, supported assets, or trading mechanics have been disclosed at this stage.
The move signals LayerZero's intent to extend its ecosystem into trading infrastructure, a space where its cross-chain interoperability layer could play a foundational role.
A Solana-based token called Trump Digital Gold (GOLD) collapsed more than 99% shortly after launch, with traders accusing the project of a rug pull.
The token was promoted via a compromised account and rapidly reached a market cap of nearly $60 million before crashing to approximately $600,000 within minutes. The promotion used a fake Trump association to attract buyers before the collapse.
This incident is a reminder of the risks tied to tokens launched through hijacked or unverified social media accounts — always verify project legitimacy before interacting with any new token launch.
📈 BlackRock's IBIT Captures 115% of Bitcoin ETF Inflows in One Day
BlackRock's spot Bitcoin ETF (IBIT) absorbed more than the entire market's net gain in a single trading session, as outflows from competing funds dragged the non-IBIT segment into negative territory overall.
The U.S. spot Bitcoin ETF market posted a net gain of $242.3 million on the day. IBIT's inflows exceeded that total, meaning five other funds that recorded positive flows still could not offset the losses from the rest of the field — pushing combined non-IBIT flows below zero.
The data underscores IBIT's growing dominance in the Bitcoin ETF space, with rival products struggling to retain capital even on days when overall market sentiment is positive.
🟠 Bitcoin Posts Largest Single-Week Dollar Gain on Record
Bitcoin added $14,264 in the seven days ending August 23, a 22.7% rise that brought the price to $77,387 — the biggest single-week dollar gain the asset has ever recorded.
Galaxy Research noted that a key bottom signal it tracks is approaching, though it has not yet triggered.
The milestone underscores how dollar-denominated volatility in Bitcoin has grown alongside its price, with percentage moves that once defined record weeks now translating into historically large nominal figures.