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Bhutan’s government transferred $32 million worth of Bitcoin to a new wallet today, its second crypto movement in two weeks, according to data from Arkham Intelligence. The transfer follows last week’s movement of $63 million in Bitcoin to three separate wallets. Druk Holdings, the government’s investment arm, maintains holdings of approximately 8,594 Bitcoin, valued at $729 million at current prices. Druk Holdings’ portfolio extends beyond Bitcoin to include Ether, LinqAI, Phil, and Apu Apustaja tokens. While crypto is not legal tender in Bhutan, the country has been mining Bitcoin using hydroelectric resources since 2019, building crypto wealth equivalent to 30.7% of its GDP. In January, Bhutan’s newly established Gelephu Mindfulness City Special Administration Region announced plans to include Bitcoin, Ether, and BNB in its strategic reserves. The initiative, announced under the Application of Laws Act 2024, aims to enhance the region’s digital asset ecosystem within a regulated framework. The Bitcoin transfer comes as markets prepare for potential volatility ahead of President Donald Trump’s “Liberation Day” tariff announcement. The White House confirmed the tariffs will take effect immediately upon announcement. Agne Linge, Head of Growth at WeFi, cautioned that the growing link between digital and traditional markets amplifies crypto’s vulnerability to macroeconomic changes, especially when investors become risk-averse. “The recent downturn in the S&P 500, hitting a new low, serves as a strong signal that global markets are facing heightened uncertainty, which in turn is putting pressure on risk assets, including cryptocurrencies,” Linge noted in a statement. According to Linge, economic volatility indicators have surged past historical benchmarks, surpassing peaks from both the 2008 financial crisis and the early 2020 pandemic. “This surge in uncertainty highlights the growing concern about the stability of the global economy, particularly as inflationary pressures remain persistent,” Linge added. Trump’s tariffs are expected to fuel inflation, which could lead to higher interest rates. This environment might initially be unfavorable for Bitcoin, as investors seek safe assets. Bitcoin was trading above $84,000 at press time, per CoinGecko.

Canadian Bitcoin mining company Bitfarms secured up to $300 million in private debt from Australian multinational investment firm Macquarie to fund its data center development. Bitfarms has reached an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to support its Panther Creek data center project in Pennsylvania. In an April 2 press release , the Canadian crypto mining company said that the first tranche of the loan is $50 million, with the rest available if the company “achieves specific development milestones.” Bitfarms CEO Ben Gagnon says the partnership with Macquarie is the beginning of its investment in the “near-term development” of Panther Creek data center, adding that amid the surging AI revolution and the growing demand for power and infrastructure, the financing “arrives at a pivotal time.” “The maturity of each facility is two years from the date of closing. Each facility will bear interest at a rate of 8% per annum, with interest on the initial draw of $50 million paid in kind for the first three months.” Bitfarms Joshua Stevens, an associate director at Macquarie, pointed out that the location is “within 100 miles of New York City and Philadelphia,” which could make it appealing to high-performance computing tenants. Following the announcement, Bitfarms’ shares rose by 2.54% on Nasdaq. The loan agreement comes just weeks after Bitfarms completed its all-stock acquisition of Stronghold Digital Mining through a stock-for-stock merger, with Stronghold shareholders receiving 2.52 Bitfarms shares for every Stronghold share they held. As crypto.news reported, nearly 60 million Bitfarms shares and over 10.5 million warrants were issued as part of the deal, and Stronghold’s stock was delisted from Nasdaq and ceased trading.

Korean city council member's crypto holdings surge over 1,000 times in seven years A council member in a South Korean city has seen his cryptocurrency holdings increase in value by over 1,000 times since his initial purchase seven years ago, Herald Economy reported. Kim

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Chiliz has emerged as a key platform for blockchain-based fan engagement. It offers a unique mix of digital innovation and real-world team influence through its Socios platform. With over 70 official fan tokens launched and a community exceeding 2 million users, the project pioneers fan interaction across football, Formula One, UFC, and other sports. Previously, accessing high-value sports collectibles often meant high prices, like rare Lionel Messi NFTs or digital cards of iconic moments. Chiliz aims to offer fans a different path. It allows them to gain influence or participate more directly with their favorite teams through fan tokens, distinct from purely collecting digital items. These fan tokens are created on the native Chiliz Chain using the CAP-20 token standard. They typically come with specific utilities like voting rights on certain team decisions (e.g., polls), access to exclusive merchandise or rewards, and other interactive participation rights. Chiliz’s core focus is enabling fan funding and deeper engagement between teams and supporters globally. Tokens provide fans a way to connect with teams or stars while also helping partners scale fan-related activities. According to Coingecko’s context, the Socios platform has partnered with major global football clubs including Manchester City, Arsenal, and Paris Saint-Germain (PSG). These partnerships enable fans holding the respective fan tokens to vote on matters like team kit designs, official goal celebration songs, and sometimes even jersey sponsors. Beyond football, Chiliz has expanded its partnerships into Formula One racing, the UFC mixed martial arts league, and various esports organizations. In these collaborations, fans can typically stake their tokens to earn unique rewards or gain access to VIP experiences, significantly altering traditional fan engagement models within the sports world. With its Socios platform recently receiving regulatory approval in Malta, Chiliz is set for further international expansion opportunities. Additionally, the recent launch by Chiliz of a non-custodial Web3 wallet offers fans greater direct control and ownership over their fan tokens and other related digital assets. Looking ahead to Q2 2025, Chiliz also plans to expand its model into the music and broader eSports entertainment sectors. The company reportedly projects potentially reaching $2 billion in Total Value Locked (TVL) across its ecosystem as it grows into these new verticals. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.