A 2017-era whale reactivated and moved 37,806 ETH into the market, testing conviction at $1.5K. For the first time since 2019, every major long-term ETH whale cohort is underwater.
cryptocurrencySaturday, June 27, 2026
Old ETH wallets, SBI deal, and a UK scandal
Today's crypto news is a mixed bag: dormant Ethereum whales are testing the market's conviction, Japan's exchange landscape is consolidating, and a UK political scandal ties crypto policy to a £5m gift. Meanwhile, Strategy's paper losses highlight the depth of the bear market.
Whale activity and market signals
Long-dormant Ethereum wallets are stirring, adding to selling pressure as ETH whales face historic losses.
Bitcoin hit a two-year low despite a rally in other risk assets. The piece examines macro pressures and waning confidence, but doesn't offer a new catalyst.
Strategy's $13 billion unrealized loss on its 844,000 BTC hoard now exceeds the market caps of dogecoin, BlackRock's BUIDL, and hundreds of other tokens. Extreme concentration risk in plain sight.
Exchange consolidation and regulation
Japan's crypto market is reshaping with a major acquisition, while a UK political story raises uncomfortable questions about crypto policy influence.
SBI Holdings is acquiring Bitbank for $300 million, which could create Japan's largest crypto exchange by custody assets. The deal is pending regulatory review.
An investigative piece traces a £5m gift from a crypto billionaire to Nigel Farage, days before his parliamentary candidacy and subsequent crypto policy speeches. The timeline raises serious questions.
Also today1
More roundups that day
MLB draft overhaul pushes teens to college
Tchaikovsky's new novel reviewed, WordStar nostalgia
Qodo ships cross-repo review for AI teams
