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According to monitoring by Lookonchain, the Kingdom of Bhutan sold 434.87 BTC, worth 27.93 million dollars, after a month of silence.

According to on-chain analyst Ai Yi's monitoring, an address associated with the Kingdom of Bhutan has recharged 434.86 BTC to Binance in the past 5 hours, worth 27.96 million USD.This Binance recharge address has been marked by Arkham as suspected to belong to the Royal Government of Bhutan, which has interacted with the Kingdom of Bhutan.

Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. According to the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare relevant financial service license applications under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows related to operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term construction.As a special administrative region in southern Bhutan, GMC is being developed as the next-generation international financial and innovation center, with its virtual asset system governed by the Financial Services Act of 2025. Jigdrel Singay, a board member of the Gelephu Mindfulness City Board, pointed out that introducing partners like Bitget helps bring global expertise while promoting local capabilities and the broader financial ecosystem development.

Chainalysis posted on platform X that the Coldcard hack is particularly devastating for Canadian Bitcoin holders. Our analysis of the attackers and victims found that Canadian BTC holders accounted for 25% of the attributable losses.According to estimates compiled by Galaxy Research, the losses could be as high as $110 million, and we analyzed the geographical distribution of this ongoing hacking attack. Users in Australia, the United States, and Thailand also experienced significant losses.

Gelephu Mindfulness City (GMC) in Bhutan has appointed the Canadian digital asset management company 3iQ to manage an authorization supported by part of its Bitcoin reserves, as GMC is building a digital asset investment center.According to the cooperation arrangement, 3iQ will manage a portion of the Bitcoin allocated to support the development of Gelephu, with specific amounts not disclosed. 3iQ will also establish a long-term business locally, invest in local talent, and provide training and knowledge transfer.Bhutan announced in December 2025 that it would allocate up to 10,000 Bitcoins from its national holdings to support GMC. The parties have not disclosed the actual management amount, custody arrangements, or whether the authorization allows for lending, derivatives, and other yield-generating strategies. 3iQ CEO Pascal St-Jean stated that the company will introduce institutional discipline for this authorization and will utilize Bhutan's capital in a responsible, transparent, and long-term manner. Jigdrel Singay, a board member of Gelephu, stated that 3iQ is one of the founding institutional partners of the city.

SolanaFloor posted on platform X that Solana plans to increase the mainnet block compute limit from 60,000,000 CU to 100,000,000 CU in less than 24 hours, an increase of about 66%.The related upgrade SIMD-0286 is expected to be activated at the start of Epoch 1009.

According to social media reports, OpenAI's ChatGPT and Codex are experiencing widespread outages.

According to Onchain Lens monitoring, the Kingdom of Bhutan deposited 700 BTC, worth 43.75 million USD, to Binance (bc1qk0...ajszl, bc1q3x...kn09u).

According to Onchain Lens monitoring, a newly created wallet address withdrew 533 BTC from Binance, worth approximately 33.4 million USD. This fund may be related to the Bhutanese government, as the withdrawal amount matches the amount deposited to Binance by a related address two days ago. However, this attribution has not yet been officially confirmed and remains to be further verified.

According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, the government address of the Kingdom of Bhutan transferred 533.2 BTC (34.52 million USD) to Binance. Since June of last year, they should have gradually sold about 10,451 BTC for a total of 979 million USD over the course of a year, with an average price of 93,738 USD. They still hold about 1,750 BTC (11.3 million USD).

According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 738 BTC to a newly created wallet, worth approximately 45 million USD.

According to Reuters, the UK's Financial Conduct Authority (FCA) has warned football clubs, including Premier League clubs, that entering into sponsorship agreements with unauthorized cryptocurrency companies and trading platforms may expose clubs to legal liabilities, money laundering risks, and reputational damage.The FCA stated that some unlicensed cryptocurrency businesses operating in the UK are reaching large fan bases through football sponsorships, potentially violating UK financial promotion rules. The regulatory body has contacted some clubs regarding these partnerships and urged them to strengthen due diligence on their partners.Lucy Castledine, the FCA's Director of Consumer Investments, stated that millions of fans trust club brands, and clubs should not allow unauthorized financial institutions to exploit this trust to promote potentially risky products to fans. UK Sports Minister Stephanie Peacock also stated that while sponsorship revenue is crucial for the football industry, fans have the right to know whether the companies partnering with clubs are safe, responsible, and compliant.

Coinbase released a retrospective report on the large-scale service interruption event on May 7, 2026.The outage lasted approximately 8 hours, with full recovery taking about 12 hours. During this time, trading, deposits, withdrawals, and most core services were unavailable or severely degraded. Coinbase stated that the outage was caused by multiple cooling units failing simultaneously in the cooling system of a data center in one availability zone (use1-az4) in the AWS us-east-1 region, triggering cabinet thermal protection shutdowns, which led to EC2 instances and EBS volumes going offline, affecting multiple internet services.During the recovery process, the Coinbase trading matching engine lost quorum due to the cluster architecture deployed in a single AWS data center losing most nodes. It required urgent code adjustments and the reconstruction of a new node group to restore operation, gradually restarting market trading during the recovery.Additionally, the AWS-managed Kafka (MSK) service experienced control plane failures, preventing the automatic re-election of partition leaders, further blocking quotes, fees, and some settlement and data flow systems, which expanded the overall impact.After manual partition migration in collaboration with the AWS engineering team, the system gradually returned to normal. Coinbase stated that this incident exposed its shortcomings in cross-availability zone automatic switching capabilities and disaster recovery for managed middleware. The company will upgrade its cross-region hot backup architecture, strengthen regular failure drills, and migrate the Kafka system from dual availability zones to a three availability zone deployment, while also working with AWS to advance root cause fixes and improvements.

According to the official announcement from Sui Network, the Sui mainnet has resumed normal operation, and transaction processing and network activity have both returned to normal. The official disclosure states that the two network outages that occurred yesterday and the day before were related to an interaction issue between the "Address Balances" feature introduced in version 1.72 and the Gas billing logic. The Sui core team indicated that the fix deployed yesterday was only a temporary measure aimed at quickly restoring network operation, but this solution carried a known and low-probability risk of outage. Today, the network triggered a variant of the known issue, causing the mainnet to pause again. Currently, the validators have completed the deployment of a long-term fix, and the official claims that the known issues caused by the original vulnerability have been thoroughly resolved, with the network now operating normally. The Sui team stated that they will release a more detailed incident review report in the future, explaining the cause of the failure and the repair process.

According to on-chain analyst Yu Jin's monitoring, over the past 11 months, the Kingdom of Bhutan has sold 9,180 BTC (worth $900 million) at an average price of $98,067.The Bitcoin mining operations of the Kingdom of Bhutan ceased in early 2025, at which point their holdings peaked at 12,200 BTC.They currently still hold 3,021 BTC (worth $234 million).

According to Arkham monitoring, Bhutan recently transferred 90 BTC (worth 7 million USD) to a Segwit address, which may indicate its transfer of assets to an independent entity or sale.Since the beginning of the year, Bhutan has cumulatively transferred BTC worth 237 million USD from its wallet to Segwit addresses and currently still holds BTC worth 233 million USD.

According to CoinDesk, blockchain data analysis company Arkham Intelligence has monitored that the wallet holdings of Bhutan's sovereign wealth fund Druk Holding and Investments (DHI) have significantly decreased from about 13,000 BTC in October 2024 to approximately 3,100 BTC currently. Since mid-2025, over $1 billion worth of Bitcoin has flowed out, with funds directed to multiple exchanges and trading companies, including wallets interacting with Galaxy Digital and OKX.In response, DHI CEO Ujjwal Deep Dahal stated, "I don't remember when the last time we sold Bitcoin was." The official denied any selling activity but did not provide details on the specific wallet movements and did not confirm the current holdings.

According to CoinDesk, on-chain analysis firm Arkham Data shows that over the past year, wallets associated with Bhutan have seen outflows of approximately $1 billion in Bitcoin, with funds flowing to multiple trading platforms and trading institutions, reducing their holdings from about 13,000 BTC to around 3,100 BTC.Arkham speculates that there may be ongoing selling behavior, and if the trend continues, the relevant addresses may be cleared of holdings before October 2026. However, Bhutan's sovereign fund Druk Holding and Investments (DHI) stated that "they do not recall any recent Bitcoin sales," did not respond to specific changes in on-chain addresses, and did not confirm the current holding size, only emphasizing that there are no additional comments.The report points out that some of the fund inflow paths are related to institutions such as Galaxy Digital and OKX, leading the market to interpret this as selling or over-the-counter trading behavior, but there are also possibilities of transfers into custody, collateralization, or structured trading that do not involve selling. Additionally, some trading institution personnel stated that there has been no clear selling recently.Furthermore, Bhutan's previous commitment to a reserve of 10,000 BTC for the "Gelephu Mindfulness City" project has also been questioned due to potential sell-offs. Currently, there is still significant disagreement regarding its actual holdings and mining operations.

According to Arkham monitoring, Bhutan is selling Bitcoin and has just transferred 100 BTC ($8.1 million) from its holding wallet. At the current selling rate, its BTC will be depleted by the end of September.Since the beginning of the year, Bhutan has sold a total of $230.39 million in BTC, with remaining BTC valued at $252 million, selling about $50 million per month. If all remaining BTC is sold at the current price, its on-chain profit will reach $767 million.

Coinbase stated that the system detected a high error rate in multiple services, subsequently pinpointing the failure to the AWS US-EAST-1 availability zone use1-az4. The Coinbase system originally had single availability zone fault tolerance, but this failure affected multiple availability zones, resulting in a prolonged interruption of core trading services.The main issues have now been fully resolved, and the team will conduct a comprehensive analysis of this incident and provide further updates after AWS releases the official review report.