• Miners panic-sell $5.6B BTC, Bitcoin drops below $108K 💣

• Jack Dorsey wants Bitcoin payments on Signal 📲

• Ethereum Foundation goes full DeFi with Morpho vaults 💰

• Coinbase bets big on India via CoinDCX

• Dormant Lubian wallet moves 9,756 BTC after 2.5 years 🐳

• Celsius wins $299.5M from Tether after long legal war

Yep… we’re in the “miner pain” phase again.
Bitcoin dipped under $108,000 after miners dumped a whopping 51,000 BTC ($5.6B) on Binance.
Why the panic sell? Post-halving revenue cuts + low fees = broke miners.

And just to add more chaos — Paxos glitched, minting $300 trillion PYUSD (yes, trillion 💀).
Meanwhile, BlackRock quietly revamped its liquidity fund to comply with new stablecoin rules.

Jack Dorsey’s at it again — this time, backing a “Bitcoin for Signal” campaign.
He and a bunch of Bitcoin devs are urging the encrypted chat app to integrate BTC payments via the Cashu protocol — a privacy-first eCash system.

Why? To help Signal stay independent and self-sustaining.
But here’s the twist — some privacy advocates aren’t impressed 😬
They argue that Bitcoin’s transparent ledger might actually hurt privacy, suggesting Monero or Zcash instead.

If Signal pulls this off, 70 million users could soon be sending sats as easily as emojis 👀

The Ethereum Foundation (EF) is making its treasury work harder — deploying 2,400 ETH (~$9.6M) and $6M in stables into Morpho’s yield-bearing vaults.

After facing criticism for frequent ETH sales, this move signals a shift toward DeFi sustainability.
EF now holds $820M+ in assets, aiming to fund development through staking, lending, and RWA strategies — all via audited, permissionless protocols.

Big moves from Coinbase — they’ve boosted their investment in CoinDCX, valuing India’s top exchange at $2.45B.

Why India?
Because Coinbase sees it (and the Middle East) as “key drivers of the global on-chain economy.”

CoinDCX — now boasting 20M+ users — plans to push Web3 education, security, and user adoption.
All this just months after a $44M hack, followed by an $11M bounty recovery program.
From rekt to resilient — a true Indian comeback story

After 2.5 years of silence, a Lubian mining pool wallet just moved 9,756 BTC (~$1B).
That’s right — coins untouched since early 2023 suddenly found new homes.

Speculators went wild — is it a hack, a dump, or a government move?
Turns out, U.S. authorities have claimed other Lubian-linked hacked coins, but not these.
Analysts believe this was a “precautionary rekey” — securing coins tied to weak private keys.

Translation: No, the whale’s not dumping (yet).

After three years in court, Celsius Network has won a $299.5M settlement from Tether.
That’s only 7% of the $4.3B they demanded, but it closes one of crypto’s most bitter bankruptcy sagas.

Judge Martin Glenn approved the deal, and Tether’s Paolo Ardoino called it a “final resolution.”
This also marks a clean slate for the Blockchain Recovery Investment Consortium (BRIC), which handled the case.

Meanwhile, former CEO Alex Mashinsky is serving 12 years in prison for fraud — poetic justice, anyone?

Alright, that’s a wrap for this week's edition of The Web3 Watch! 🚀
See you all next week!