A total of 1,134 BTC valued at 80,801,793 USD was moved from Coinbase Institutional to an unidentified wallet, according to the transaction data. The transfer involved a single outbound flow from the Coinbase Institutional address to the unknown destination wallet, with no further details on the recipient provided in the on-chain record.

KRAKacquisition Corp., a special purpose acquisition company sponsored by a Kraken affiliate, is evaluating potential acquisitions of crypto-native firms valued between $2 billion and $10 billion, director Ravi Tanuku told Decrypt. The SPAC, formed in January, raised $345 million in a public offering and has a two-year window to identify a target, with opportunities spanning stablecoins, DeFi and payments. Separately, Kraken confidentially filed for an IPO with the SEC last November following an $800 million fundraise that valued the exchange at $20 billion.

The CFTC is recruiting leading technology and market professionals to develop tailored regulatory frameworks for crypto, artificial intelligence and prediction markets, a CFTC official said. The agency is focused on attracting specialized talent to support rulemaking for these emerging innovations.

Bitcoin dropped to around $71,000 after earlier touching a weekly high near $73,913. The pullback marks a reversal from the recent peak for the leading cryptocurrency.

Coinbase Institutional transferred 24,470 ETH valued at $51,486,600 to an unknown wallet address. The transaction moved funds from the institutional platform to an unidentified destination.

Coinglass data show Bitcoin falling below $67,669 would trigger cumulative long position liquidations of $1.703 billion across major centralized exchanges, ChainCatcher reports. The data also show a move above $74,629 would result in cumulative short position liquidations totaling $1.372 billion on these platforms.

ETH long positions on major centralized exchanges face combined liquidations worth $1.157 billion if the price falls below $1,999, Coinglass data cited by ChainCatcher show. Short positions on major CEXs risk $982 million in liquidations if ETH rises above $2,207.

Trump is inviting major $TRUMP token holders to a lunch at Mar-a-Lago, CoinDesk Podcast Network reports. BlackRock's staked Ether ETF began trading with $100 million in assets under management. Separately, a trader lost $50 million in a single failed swap, according to CoinDesk Daily presented by @JennSanasie.

Ethereum faces an "adoption paradox" as network activity reaches record highs while its price declines, a CryptoQuant analyst said. The analyst warned that ETH could drop to around $1,500 if the current bear market persists, despite strong on-chain usage.