Two rare Casascius coins, each backed by 1,000 Bitcoin, have been activated after 13 years, releasing over $179 million in value. These coins, created in 2011-2012, represent a significant movement of Bitcoin that had been dormant for over a decade.
In other news, Peter Schiff was unable to authenticate a gold bar during a live test with Binance's CZ, underscoring the challenges of verifying physical gold compared to Bitcoin's cryptographic security. Meanwhile, the IMF has issued guidelines on stablecoin risks, emphasizing the need for comprehensive policies to address currency substitution and regulatory fragmentation.
Additionally, Tether's solvency concerns were dismissed by CoinShares' James Butterfill, who highlighted a $6.8 billion surplus in reserves. Kalshi has partnered with Solana to tokenize betting contracts, enhancing liquidity for event contracts. Lastly, Google searches for "dollar debasement" have reached an all-time high, reflecting growing public concern over currency depreciation.
2,000 Bitcoin from Casascius Coins Activated After 13 Years
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