In recent crypto news, a Bitcoin whale moved 40,000 BTC for the first time in 14 years, coinciding with a nearly 2% drop in Bitcoin's price to just below $108,000. This transaction has sparked speculation linking it to Satoshi Nakamoto, Bitcoin's mysterious creator. Meanwhile, a Belgian court sentenced three kidnappers to 12 years in prison for abducting the wife of a local crypto entrepreneur, demanding ransom in cryptocurrency. Following law enforcement intervention, the victim was rescued, but the masterminds remain at large. Additionally, US Republican leaders have designated July 14-18 as 'Crypto Week' to review three significant crypto bills. House representatives aim to address legislation on market structure, stablecoins, and central bank digital currencies (CBDCs), reinforcing the GOP's commitment to a blockchain-friendly regulatory environment.

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