British IT engineer James Howells announces the tokenization of his lost 8,000 BTC through Ceiniog Coin (INI), expected to launch by the end of 2025. Meanwhile, Binance initiated its 31st HODLer airdrop, distributing Succinct (PROVE) tokens to BNB holders. Additionally, a long-term Bitcoin whale recently cashed out 50 WBTC, valued at approximately $2.91 million, drawing market attention.
British IT Engineer to Tokenize Lost Bitcoin Wealth as Ceiniog Coin (INI), Binance Launches 31st HODLer Airdrop for Succinct (PROVE)
British IT engineer James Howells, who lost access to 8,000 BTC twelve years ago due to discarding a hard drive, has terminated negotiations with Newport City Council and announced plans to tokenize his lost wealth. 8 billion Ceiniog Coin (INI) will represent satoshi-level claims on the Bitcoin network through OP_RETURN technology, compatible with Stacks, Runes, and Ordinals protocols. The project is expected to launch by the end of 2025.
On the other hand, Binance has launched its 31st HODLer airdrop, distributing tokens for the zero-knowledge proof generation network Succinct (PROVE). Between July 18-22, 2025, BNB holders participating in yield products will be eligible to receive PROVE token allocation, with tokens appearing in spot wallets before trading begins.
Long-Term Holder Profits $2.9 Million After Four Years of Accumulation
A previously dormant Bitcoin address (0x21F...514b3) has transferred 50 WBTC (approximately $2.91 million) to Binance, marking the first disposal after accumulating 176 WBTC during the 2021 bull market. The whale's average entry price was $56,410 per BTC, demonstrating strict holding discipline across multiple market cycles.
The address still holds 138.25 WBTC in a cold wallet, with unrealized gains of approximately $8.03 million at current prices. This strategic partial profit-taking shows a balance between capital preservation and continued exposure to Bitcoin's upside potential.
White House Executive Order Targets Bank Crypto Discrimination, May Accelerate Institutional Adoption
The Trump administration is preparing to sign an executive order that will penalize US banks discriminating against crypto companies and politically conservative entities. This move addresses the "de-banking" issue by imposing financial consequences on violating institutions, signaling a potential key moment for crypto integration into traditional financial systems.
Binance founder CZ highly praised this move as ending the era of banks ignoring digital assets. CZ tweeted: "This will open international banking channels for cryptocurrencies," mentioning the historical challenges crypto enterprises faced in fiat transactions through correspondent banks.
Market observers compare the significance of this order to the Bitcoin ETF approval earlier this year. Investor Paul Bar predicted: "This will force all major banks to embrace crypto enterprises. Prepare for the gates to open—institutional funds are about to flood in." The directive requires banking regulators to investigate potential violations of the Equal Credit Opportunity Act.
