BTC Treasure Hunt Ends - Ark Loads Up

Hey crypto trailblazer, 👋

Today’s crypto headlines brought a wild mix: a lost fortune, China’s crackdown, and a massive buy-in from ARK. Let’s dive in.

💸 $900M+ Bitcoin Treasure Hunt Ends

British IT engineer James Howells is officially giving up on recovering a hard drive containing 8,000 BTC that accidentally ended up in the trash.

After 12 years of lobbying local councils to let him excavate a landfill in Newport, Wales, Howells has halted efforts due to lack of support. He had offered millions in cleanup funding and 60% of recovered BTC, but the city never budged.

Big picture: This is one of crypto’s biggest lost wallet stories and a reminder of how substantial amounts of BTC is permanently gone from circulation.

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🇨🇳 China Renews Bitcoin Pressure

New reports indicate China’s Public Security Ministry has stepped up enforcement of the country’s Bitcoin ownership ban as part of a broader push to promote the digital yuan (e-CNY).

While crypto trading and mining were already illegal, these latest directives aim to track individual Bitcoin holdings and penalize violations more aggressively. Analysts say this marks a renewed effort to reduce dollar-based assets and build out sovereign digital alternatives.

What to watch: Crypto exchanges and OTC desks serving Chinese users could face more pressure as Beijing ramps up surveillance.

🧺 ARK Invest Loads Up on Coinbase, Bitmine

Cathie Wood’s ARK Invest just purchased $30 million in Coinbase shares and $17 million in Bitmine stock across three of its ETFs.

ARK’s view: The firm remains bullish and is taking advantage of dips.

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.