Mubadala Investment Company, the sovereign wealth fund managing investments for the **Abu Dhabi government**, has made a significant move by purchasing **$436 million** in shares of **BlackRock’s spot Bitcoin ETF**. This investment, disclosed in a recent SEC filing, amounts to **8.2 million shares** of the **Nasdaq-listed iShares Bitcoin Trust ETF**. 

Interestingly, this marks a fresh investment as previous filings did not indicate any holdings in BlackRock’s **$56.3 billion** Bitcoin ETF. This strategic move comes at a time when discussions in the U.S. government, especially under President Trump’s administration, are considering establishing a **strategic crypto reserve** that could include Bitcoin and other cryptocurrencies. 

Market analysts view Mubadala’s investment as part of a **growing trend** among countries to accumulate Bitcoin. Countries such as the **U.S., China, the UK,** and **El Salvador** already hold Bitcoin, primarily from seizures related to criminal activities, totaling **$32.7 billion**, according to CoinGecko. 

As the crypto sector expands in the **Middle East**, the launch of the **Blockchain Center in Abu Dhabi** last summer aims to foster a thriving ecosystem for startups and enterprises. While the U.S. considers its Bitcoin backing, various states are actively pushing for their own cryptocurrency investments, with **21 states** contemplating such legislation. 

Stay tuned as the **global race for Bitcoin** continues to unfold, with significant implications for the future of the cryptocurrency market.

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, bought $436 million in Bitcoin ETF shares.

Abu Dhabi's Mubadala Invests $436 Million in BlackRock's Bitcoin ETF: What It Means for the Crypto Market

### Bitcoin and Crypto Market Reacts to Trump's Tariff Pause

**President Donald Trump** recently signed a memo pausing his administration's plans for **reciprocal tariffs**, originally set to launch this week. This decision led to a temporary halt in the decline of **Bitcoin (BTC)** and other major cryptocurrencies, showcasing a growing **correlation between the crypto market and macroeconomic factors**.

**Key Developments**:
- Trump directed his administration to devise **reciprocal tariffs** against countries imposing taxes on U.S. imports.
- The tariffs are expected to begin in **April**, potentially dampening investor sentiment as we approach **Q2**.
- Following this announcement, Bitcoin's value rebounded slightly, moving from a decline of **$95,000** back to **$96,000**.

### Market Implications
Despite the momentary recovery, the impending tariffs may create hesitance among investors to allocate capital freely into the crypto market. This concern is reflected in the negative flow of **Bitcoin ETFs**, which have seen a cumulative outflow of nearly **$680 million** over the past week.

### The Broader Context
The crypto market has faced significant pressure from bearish macroeconomic conditions recently, highlighted by a crash that wiped over **$2 billion** from the crypto derivatives market between **February 2 - 3**. With uncertainty looming, the market is likely to continue consolidating unless a major catalyst arises to shift investor sentiment.

### FAQs About Bitcoin and Cryptocurrencies
- **Bitcoin** is the largest cryptocurrency, designed to function as money without centralized control.
- **Altcoins** refer to all cryptocurrencies other than Bitcoin, with **Ethereum** often considered a separate category.
- **Stablecoins** are designed to maintain a stable price, typically pegged to assets like the **U.S. Dollar**.
- **Bitcoin dominance** measures Bitcoin's market cap relative to the total cryptocurrency market, indicating investor interest and sentiment.

This situation highlights the intricate relationship between **political decisions and market dynamics**, particularly in the unpredictable world of cryptocurrencies.


Bitcoin (BTC) and top cryptos halted their declines following a pause in President Donald Trump's reciprocal tariff plans, which were originally scheduled to go live on Thursday. 

How Trump's Tariff Pause Affects Bitcoin and the Crypto Market: A Closer Look

### Key Insights on Bitcoin's Future

Historical trends linked to the **200-week simple moving average (SMA)** indicate that Bitcoin (BTC) has significant upward potential, especially as the U.S. faces renewed inflation challenges.

As of now, the **200-week SMA** is at **$44,200**, a figure that remains well below the previous bull market peak of **$69,000** recorded in November 2021. This discrepancy suggests that the current market could still have room for growth.

### **What You Need to Know**
- The **200-week SMA** tends to rise to the previous bull market's high by the end of the bull cycle. 
- For instance, during the last bull market, the SMA peaked at **$19,000**, reflecting the previous highs of **$69,000** from 2021.
- Similarly, in 2017, the bull market concluded with the SMA reaching over **$1,200**.

![BTC's Bull Market Dynamics](https://cdn.sanity.io/images/s3y3vcno/production/39c815ebd46644abc23dfa78981e81cfe695ec77-1280x848.jpg?auto=format)

### Current Market Dynamics
The ongoing price range for Bitcoin is currently between **$90,000** and **$110,000**, and historical patterns suggest this will resolve positively, leading to a bullish trend.

![BTC Weekly Chart](https://cdn.sanity.io/images/s3y3vcno/production/2499ee34c9459bebce605b66cf07608654942712-2376x1052.png?auto=format)

Additionally, **options pricing** on Deribit supports this bullish outlook, with call options being more expensive than puts, indicating market expectations for rising prices. Notably, the most popular call option is at the **$120K** strike, showcasing a notional open interest exceeding **$1.8 billion**.

**In summary**, the historical performance of Bitcoin relative to the **200-week SMA** suggests that the current market may have significant upside potential, with many indicators pointing towards a bullish resolution in the near future.

Past trends associated with the 200-week SMA suggests the ongoing range play between $90K and $110K will likely resolve bullishly.

Is the Bitcoin Bull Market Just Getting Started? Insights from the 200-Week SMA

In the ever-evolving world of **digital currency**, few stories are as frustrating as that of **James Howells**. A decade ago, this Welsh IT worker unknowingly tossed away a **hard drive** that contained **8,000 Bitcoins**.  

At the time, his loss was worth **$8 million**—a painful but not unimaginable mistake. Today, with Bitcoin’s meteoric rise, that same hard drive holds a staggering **$742 million**, buried somewhere under a massive landfill in **Newport, South Wales**.  

For years, Howells has fought against legal and environmental obstacles to retrieve his missing wealth. But after a recent court ruling, his hopes may have finally run out.  

## A Costly Mistake Made in Seconds  
In 2013, Bitcoin was still a niche experiment, far from the financial giant it is today. Howells, an early adopter, mined **thousands of coins** when they were worth little more than a curiosity. Like many at the time, he stored his private keys—the crucial access codes for his fortune—on a single **hard drive**.  

During a routine clean-up of his office, he unknowingly threw it away. By the time he realized his mistake, the hard drive was already lost beneath **10,000 to 15,000 tons of waste** at a **local landfill**. At first, the financial loss was frustrating but manageable. As Bitcoin’s value skyrocketed over the years, however, what once seemed like an unfortunate accident turned into **one of the most expensive mistakes in history**.  

## A Relentless Fight to Recover Lost Millions  
Determined to reclaim his fortune, Howells spent years devising a way to search the landfill without causing environmental damage. His plan included **AI-powered drones, robotic search teams, and expert engineers** who would carefully sift through the trash without disrupting the site.  

He sought permission from **Newport City Council**, arguing that the project could be executed safely and efficiently. Officials repeatedly rejected his requests, citing **environmental concerns, legal barriers, and health risks**. Under **UK waste management laws**, anything disposed of in a landfill technically belongs to the site.  

Digging through it could **release toxic gases, contaminate water sources, and create hazardous conditions**. Despite offering funding and expertise to ensure a controlled excavation, Howells found himself at a standstill, blocked by strict regulations.  

## A Legal Battle with No Way Forward  
In **2024**, the situation reached a breaking point when a **British judge ruled against Howells’ case**, stating there was **“no realistic prospect”** of recovering the drive. The court cited several key issues, including the **legal time limitations**, the environmental dangers posed by excavation, and the extreme **technical difficulties of retrieving and restoring the hard drive** after years underground.  

Even if Howells were granted access, the chances of the **drive surviving** under harsh landfill conditions were slim. Exposure to **moisture, pressure, and extreme temperatures** over more than a decade likely **corrupted or destroyed the data**. The judge’s ruling effectively shut down any remaining legal pathways, leaving Howells with no options left.  

## The Ultimate Lesson in Digital Finance  
For Howells, the frustration is more than financial. His **fortune still exists**, but remains completely unreachable. As Bitcoin transformed early adopters into millionaires and billionaires, he has spent years entangled in **bureaucratic roadblocks**, knowing that his lost wealth is sitting **just out of reach, buried under piles of waste**.  

His case is a powerful reminder of the **brutal reality of digital assets**. Unlike traditional banking, where lost passwords can be reset or accounts recovered, **Bitcoin offers no second chances**. Private keys are the only gateway to stored wealth—lose them, and the money is gone forever.  

Unless the laws change or an unlikely breakthrough occurs, **James Howells’ $742 million treasure will remain trapped beneath the landfill**, a permanent symbol of both Bitcoin’s immense power and its unforgiving nature.

For 12 years, one man fought to reclaim a lost fortune buried beneath tons of trash. What was once a minor mistake turned into a $742 million nightmare. Each attempt to recover his Bitcoin ended in frustration, blocked by legal and environmental hurdles. Now, after a decade of setbacks, he’s left with no choice but to walk away.

The $742 Million Bitcoin Treasure Buried in a Landfill: A 12-Year Saga of Loss and Legal Battles

### Why Choose Bitcoin Gambling?
Why settle for online casinos that take forever to pay out? With **Bitcoin gambling sites**, you can enjoy **instant withdrawals** and **generous bonuses**! Here’s a look at the top platforms that offer the best experience.

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### Important Notes
The sites mentioned cater to **English speakers** globally. Always verify the legality of online gambling in your jurisdiction. **Adblock** may interfere with links, so disable it if necessary.

### How We Ranked These Sites
We evaluated the best Bitcoin gambling sites based on:
- **Payment Options**: How many cryptocurrencies they accept.
- **Bonuses and Promotions**: The quality and transparency of offers.
- **Licensing**: Safety and trustworthiness.
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### Bitcoin Gambling vs. Fiat Gambling
- **Transaction Speed**: Faster with crypto.
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- **Volatility**: Bitcoin can be unstable compared to fiat.

### Cryptocurrencies for Gambling
Besides Bitcoin, consider:
- **Ethereum**: Quick transactions and smart contracts.
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### Beginner’s Guide to Crypto Gambling
- **Choose Trusted Casinos**: Look for good reviews and licensing.
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- **Secure Your Funds**: Use a personal wallet.
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### FAQs
- **Are Bitcoin Gambling Sites Safe?**: Generally yes, do your research.
- **Top Sites?**: Bitstarz is the best overall.
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### Getting Started
1. **Choose a Site**: Check our top picks.
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We’ve ranked the best Bitcoin gambling sites based on factors like bonuses, game selection, ease of use, payout speed, and more.

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1 month ago Bitcoin News Digested