XRP may stay structurally weak unless whale wallets see daily inflows above 5 million tokens, one analyst warned.
James Howells, the British man who famously lost access to 8,000 Bitcoin in a 2013 landfill accident, is setting the record straight. Taking to X (formerly Twitter), Howells pushed back against recent social media claims that he has abandoned his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost fortune, now worth roughly $923 million. Although he’s no longer seeking permission from his local council to search the landfill, he’s far from done. Howells Debunks Rumors, Plans To Turn His Lost $1 Billion In Bitcoin Into Ceiniog Coin In the post shared on X, Howells confirmed he has not given up and slammed years of rejection from Newport City Council. For over a decade, he says he tried public proposals, legal talks, mediation, and even offered over $30 million to recover the drive buried in the landfill. “$1 billion and they ignored it all,” he wrote. With no response from the council, he has decided to stop waiting. Related Reading: Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty Instead of continuing legal fights or making more offers, Howells announced a new plan: to tokenize the entire wallet of 8,000 BTC into a new cryptocurrency called Ceiniog Coin (INI). Named after an ancient Welsh coin, Ceiniog will act as a Layer 2 token built on Bitcoin, matching 1:1 with satoshis, the smallest unit of Bitcoin. He plans to create 800 billion INI tokens, each directly linked to the 8,000 BTC sitting on the lost drive. According to Howells, Ceiniog will launch in late 2025, powered by Bitcoin’s OP_RETURN functionality. It will integrate with Web3 projects like Stacks, Runes, and Ordinals. With the ICO planned later this year, Howells hopes the coin’s market value will eventually match that of the lost BTC, making him a theoretical billionaire, just 8.34% away from that goal based on current prices. How He Lost The Bitcoin And What He’s Done To Get It Back The saga began in 2013, when James Howells, a British IT professional, accidentally threw out a hard drive that contained the keys to 8,000 BTC, now worth nearly a billion dollars. Realizing the mistake too late, Howells spent the next 12 years trying to recover it. Related Reading: Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow He submitted detailed recovery proposals, including environmental clean-up plans and AI-powered landfill scans. He even offered to raise $75 million by selling 21% of the Bitcoin’s value to fund the excavation. His most recent formal offer in July 2025, worth between $33 million and $40 million, included a full purchase of the landfill and a cleanup strategy. Citing environmental risks and lack of confidence in the outcome, the Newport City Council rejected the plan. Now, instead of digging through landfill waste, Howells is building Ceiniog Coin as his way of reclaiming what he believes is rightfully his. He plans to debut the coin at a discount, letting early supporters buy in before the coin reaches its full value. Over time, he hopes the token’s value will naturally rise to reflect the worth of 8,000 Bitcoin. Featured image from Unsplash, chart from TradingView.com
The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.
Circle's stock is down about 50% from its all-time high, but it still trades significantly higher than its IPO price.
Revived investment bank Salomon Brothers is using Bitcoin’s blockchain to claim abandoned wallets, sparking legal and ethical debates as it targets dormant addresses holding billions in BTC.
Story Highlights The live price of the 0X token is . ZRX could hit $2.54 by 2030 as 0x protocol gains traction in the DeFi space, with growing adoption of Ethereum-based assets. 0x is an open-source protocol that promotes the peer-to-peer exchange of Ethereum-based assets. It offers secure and audited smart contracts. Further, it comprises …
Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing.
Your day-ahead look for Aug. 7, 2025
Institutional adoption of DeFi and tokenization remains limited despite growing infrastructure, according to JPMorgan analysts.
Just a day after Aave announced it had surpassed $60 billion in net deposits across 14 networks, scammers launched a phishing campaign targeting its users. Security firm PeckShield reported that fake Aave investment platforms were promoted through Google Ads, tricking users with phishing links. Aave’s deposits have more than tripled since August 2024, jumping from …
A former barrister is among those accused of shifting scam proceeds to crypto exchanges.
Paxos Trust Company will pay $26.5 million in fines to New York after the state's financial regulator found failures.
XRP, one of the most popular cryptocurrencies, has climbed back near the $3 mark after a recent dip. However, this bounce hasn’t built enough strength to confirm a true recovery. Veteran trader CasiTrades warns it may be too early to celebrate. While she sees potential for a breakout, she also cautions that this short-term move …
The Tornado Cash community is reeling after Roman Storm, one of the key developers, was found guilty of operating an unlicensed money transmitting business. Although the jury couldn’t agree on the more serious charges of money laundering and violating U.S. sanctions. However, the partial conviction has already cast a long shadow over the protocol’s future. …
World Liberty Financial (WLFI), backed by President Trump, has launched the USD1 Points Program to reward users for trading, holding, staking, and using its USD1 stablecoin. This loyalty rewards initiative, in partnership with select crypto exchanges, lets users earn points through various activities like spot trading USD1 pairs and participating in staking. The program aims …
Tether has taken a minority stake in Spain’s MiCA-licensed exchange Bit2Me after disclosing $4.9 billion in profit for Q2 2025.
On Wednesday, a Manhattan jury delivered a split verdict in the criminal trial of Tornado Cash co-founder Roman Storm. The jury found Storm guilty of conspiracy to operate an unlicensed money transmitting business. This could be the turning point for crypto’s money laundering sanctions and leave far-reaching implications for decentralized finance (DeFi) communities. Tornado Cash …
President Trump’s upcoming executive order could open the door for Bitcoin, private equity, and real estate in U.S. retirement plans.
Dogecoin has now entered the longest period below its all-time high in its history—over 1,550 days and counting—with crypto analyst VisionPulsed warning that while a breakout may eventually come, the asset remains locked in what he calls a “bearish forever” pattern. In his August 6 video update, VisionPulsed provided a sobering macro-to-micro analysis of Dogecoin’s price action, underscoring the asset’s historic underperformance compared to other large-cap cryptocurrencies. “We’re now setting a Guinness World Record for most days below the all-time high for Dogecoin,” he remarked. “First cycle was 1,200 days, second cycle was 1,126. Right now, we are at a staggering 1,550-plus days.” That milestone, he argued, is not just symbolic—it reflects deep structural weakness in DOGE’s market cycle. And despite growing chatter in the macro space about a potential liquidity-driven reversal, he’s not yet convinced that Dogecoin is ready to respond. A central theme of the analysis is the Global M2 money supply, which VisionPulsed has tracked for months as a leading macro indicator for crypto risk appetite. While he acknowledges that the M2 bottomed in June, he emphasizes that this alone hasn’t historically triggered immediate upside for Dogecoin. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added “The Global M2 has put in a bottom… but Dogecoin did not move higher until the M2 shot up. And we don’t have that yet,” he explained. “Could we still be bearish? Technically yes… because it’s always bearish forever and ever.” Ethereum, by contrast, is described by the analyst as “much more sensitive to the M2,” and has begun showing signs of recovery. This divergence, in his view, reinforces the idea that DOGE may continue to consolidate or retrace further before making a meaningful move. Dogecoin Chop Before Pop? VisionPulsed suggests that Dogecoin is likely forming a choppy consolidation structure, similar to prior phases that eventually resolved to the upside. He doesn’t dismiss the possibility of a rally in the near future—particularly if price holds current levels through mid-August—but cautions that the bullish case remains highly conditional. “If Dogecoin can do this exact move [sideways accumulation], then it should turn bullish,” he said, referencing a historical fractal that played out prior to earlier rallies. He draws a parallel between sentiment metrics (such as YouTube view counts) and market behavior, noting that in previous local bottoms, low engagement marked exhaustion in retail capitulation. This time, however, he concedes that the floor may already be forming higher—potentially due to increased market maturity or broader interest in crypto assets. Long-Term Targets: $0.90 To $1.50 While the current tone remains cautious, VisionPulsed outlines a clear set of long-term price targets if and when a macro reversal does take hold. He splits these into two categories: conservative and speculative. “A more conservative estimate… is this lower end here, 90 cents to 1.14,” he said, noting that $0.91+ could begin to mark a top under the right conditions. Related Reading: Dogecoin Just Hit A Prime Risk-Reward Entry, Says Analyst For the more optimistic crowd, the so-called “moonboys,” he still sees room—albeit less likely—for a run toward $1.50 or even $2. “Even I used to say $2,” he added. “I think the highest I could go for a moonboy expectation is right here in this vicinity between $2 to $1.50.” Importantly, he stops short of making any time-bound prediction, reiterating that macro trends, M2 velocity, and broader altcoin sentiment must first align for any of these targets to come into play. As the crypto market heads into the later months of the year, VisionPulsed points out that historical cycles have often accelerated around this phase, with several final rallies initiating in the August–September window. “The further and closer we get to the end of the year, it has to start moving faster… At least in recent history, when we’ve gotten to where we are, you’ve gone up for your final rally,” he noted. At press time, DOGE traded at $0.206. Featured image created with DALL.E, chart from TradingView.com
The inclusion of alternative assets in retirement plans could diversify portfolios but also increase risk and complexity for investors.
The post Trump set to sign executive order opening $9T retirement market to crypto, private equity today appeared first on Crypto Briefing.
President Trump is expected to sign an executive order allowing cryptocurrencies, along with private equity, real estate, and other alternative assets, to be included in 401(k) retirement plans. This move aims to broaden investment options for Americans’ retirement savings by easing regulatory hurdles for digital assets. The order may direct regulators to create guidelines to …
Scammers used Google Ads to impersonate Aave investment platforms in an attempt to trick users into linking wallets to malicious sites.
As Shiba Inu enters its fifth year, what was meant to be a milestone in decentralized governance has quickly turned into a referendum on leadership. With the launch of SHIB’s first-ever community election, lead developer Shytoshi Kusama unveiled plans to appoint an interim president to steer the $7 billion token ecosystem. But the announcement has …
The firm previously filed for a $6 billion shelf registration, allowing it to issue equity and debt to fund its ETH strategy.
Bitcoin price analysis looked to last November for clues as to how high BTC might go if recent bull market history repeats.
A VARA spokesperson told Cointelegraph that while mutual license recognition is a feature, it does not mean automatic passporting to different emirates.
The Chainlink Reserve has begun by accumulating over $1 million worth of LINK as part of this initial launch phase, the project said.
Union Jack Oil, a UK-listed onshore oil and gas company, is exploring a bold move into crypto mining by powering Bitcoin operations directly from natural gas produced at its West Newton site. The company announced it has signed a non-binding letter of intent with Texas-based 360 Energy to deploy mining infrastructure on-site. The move is …
Parataxis Capital is set to go public through a merger with SilverBox Corp IV in a deal that could deliver up to $640 million in capital, according to a definitive agreement announced August 7. The transaction combines $240 million in trust capital with a $400 million equity facility, and it positions the Bitcoin-focused asset manager […]
The post $640M SPAC fuels Parataxis Bitcoin buy-up as public BTC treasuries surpass 230 appeared first on CryptoSlate.
The investment bring BOB's ("Build on Bitcoin") total funds raised to $21 million, following previous raises in 2024