June 17 (Cointime) - A new Bitcoin whale has emerged, transferring 10,000 BTC worth $261 million to a brand new wallet with no registered owner. This could indicate a purchase or a whale redistributing their crypto holdings.

In other news, Bitcoin has rebounded by over 4% in the last 24 hours, recovering from recent losses and rising above $26,500. The market was previously shaken by news of the SEC filing lawsuits against Coinbase and Binance, causing Bitcoin to drop by 4.45%, but it has since recovered due to BlackRock's filing to launch a Bitcoin ETF with Coinbase as custodian.