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Addentax‘s Bitcoin purchase has reached $1.3 billion as the Chinese textile manufacturer enters a non-binding term sheet to acquire up to 12,000 Bitcoin. This represents a 50% increase from the company’s original 8,000 BTC target announced in May 2025, and also marks one of the largest corporate Bitcoin institutional investment moves in recent months. LATEST: China’s textile company Addentax Group enters a $1.3 billion term sheet to acquire up to 12,000 $BTC, increasing from their originally discussed 8,000 $BTC. pic.twitter.com/LSLFONqGAw — Cointelegraph (@Cointelegraph) July 3, 2025 Also Read: BlackRock’s Bitcoin ETF Brings More Revenue than S&P 500 Fund Addentax Bitcoin Purchase Sparks Institutional Interest Amid Market Volatility Risks Source: addentax.com The Addentax Bitcoin purchase demonstrates how traditional companies are, right now, embracing cryptocurrency as a strategic asset. Addentax Group Corp. (NASDAQ: ATXG) has structured this Bitcoin acquisition deal...

Tornado Cash founder Roman Storm has already raised 88% of his $2 million legal defence fund before a US case against him goes to trial on July 14.  Storm’s most recent call for legal backing was launched on May 30. It raised $722,000 by June 25, and has since raised a total of $1,753,000, leaving it just $247,000 away from its $2 million goal.  The appeal raised almost 52% of the funds in the week following June 25. The Ethereum Foundation also promised to match $750,000 of the funding and appears to have contributed to the overall legal fund.   Read more: Cork hacker sends ETH to Tornado Cash, donates to Roman Storm’s fund Storm’s fundraising efforts haven’t been without hiccups, however, with one $24,000 donation coming from the Cork Protocol hacker. They donated the sum after moving $3.4 million of stolen funds into Storm’s mixer.  Storm quickly announced that he couldn’t accept the donation and that he’d return it to Cork Protocol. He also...

As Bitcoin (BTC) consolidates around the $107,000 mark, on-chain data is showing signs of fatigue, suggesting a potential price move may be imminent. Specifically, the number of large Bitcoin transactions exceeding $100,000 has decreased by 45.3% over the past month. The transactions peaked at around 30,840 on May 22 but fell to just 16,860 by June 29, according to data from the crypto analytics platform IntoTheBlock . Bitcoin whale transaction data. Source: IntoTheBlock The steep decline often signals reduced activity from whales and institutions. This drop indicates potential weakening confidence and thinning liquidity, which increases the risk of Bitcoin slipping below the key $100,000 support level. If large-scale buying continues to wane, the market could face deeper volatility unless new demand emerges. Capital inflow into crypto plunges $20 billion  At the same time, broader cryptocurrency market trends echo this caution. Capital inflows into cr...