South Korea's financial watchdog imposed a $24.6 million fine on Bithumb and partial suspension that came into effect last month. What to know : A South Korean court has overturned a six-month partial business suspension imposed on Bithumb, one of the country’s largest cryptocurrency exchanges, while leaving unclear whether a $24.6 million fine is also on hold. Regulators had accused Bithumb of about 6.65 million violations of anti-money laundering rules, including failures to verify customer identities and to block transactions that should have been stopped. The ruling comes amid broader regulatory scrutiny of South Korea’s crypto sector, including a new data-sharing probe into Bithumb, Upbit and other platforms, and follows Bithumb’s recent mistaken distribution of billions of dollars’ worth of bitcoin to users.

According to Arkham's post on X platform, Brother Ma Ji's trading account suffered a loss of $442 million this week, with a 77% drop in account assets within 4 days, and a cumulative loss of $756 million in the past 7 and a half months. Currently, I still hold multiple orders of ETH and BTC.

Analyst MorenoDV stated that if Bitcoin continues to rebound in price while MVRV remains stable and above 1.0, it will indicate a change in market structure. （CryptoQuant）

According to the submitted regulatory documents, AIMCo, the sovereign wealth fund of Alberta, Canada, holds $219 million worth of Strategy shares.

Monitoring shows that a newly created wallet has withdrawn 400 bitcoins worth approximately $30.78 million from Binance. The address is bc1qs4kdclg43lckk8uhxs62vp7kq29cpcn0l6xkm9. （Onchain Lens）