[The National Bank of Kazakhstan Plans to Reduce Gold Holdings, Lowering Gold Reserve Ratio by About 3 Percentage Points] Aliya Moldabekova, Deputy Governor of the National Bank of Kazakhstan, stated that the U.S. dollar has become an attractive option, reducing the appeal of gold as an investment asset. The National Bank of Kazakhstan aims to lower the proportion of gold in its total foreign exchange reserves by about 3 percentage points. (Source: Jin10)

The Ledger wallet was found to contain unauthorized hardware implants, and some blockchain investigators estimate losses exceeding $86 million. This incident has sparked discussions about self custody and the security of Bitcoin ETFs. Plan B stated that the decision to transfer Bitcoin holdings to ETFs was proven correct after the Coldcard and Ledger vulnerabilities were exposed, and claimed to have zero regrets. Ophelia Snyder stated that large holders will transfer their self managed assets to ETFs for higher security. Adam Back stated that hardware wallets can still serve as a secure storage method, but suppliers need to strengthen threat modeling. Jameson Lopp stated that self hosting can still be robust, but hasty migration should be avoided to create new centralized failure points.

MicroStrategy increased its holdings of 250 BTC and repurchased $192 million worth of STRC preferred stock, with a total holding of 848250 BTC and $5.5 billion in US dollar assets.

Bitwise Chief Investment Officer Matt Hougan said that Bitcoin's market value is expected to reach $30 trillion in the next decade, and its path is similar to the expansion after the launch of gold ETFs. When the gold ETF was launched in 2004, the size of the gold market was about $2.5 trillion, and when the Bitcoin spot ETF went public in 2024, the market value of Bitcoin was about $2 trillion. Matt Hougan believes that Bitcoin has considerable long-term upside potential, and the risk lies in whether investors can cross multiple bull bear cycles and continue to hold on.

A certain whale address has swapped UBTC for 16700 ETH worth approximately $42.46 million in the past 22 hours, with an average buying price of approximately $2541.89.