According to Dan Held, Arch Network, a portfolio company of goasymmetric, has successfully raised $13 million in a Series A funding round led by Pantera Capital. This investment aims to advance Arch's Bitcoin metaprotocol, designed to facilitate fast and scalable Bitcoin applications. Key features include eliminating the need for bridges and ensuring seamless transactions directly from BTC wallets, which is expected to improve liquidity and user experience significantly.

According to IntoTheBlock, the majority of Bitcoin is still held in wallets managed by Bitfinex. This is likely due to the exchange's efforts to provide liquidity for BTC withdrawals and maintain liquidity across exchanges.

According to Santiment (@santimentfeed), Bitcoin's price has surged to approximately $88,350, recovering from a recent low of $77,500. This price increase aligns with a rise in the number of wallets holding between 100 and 10,000 BTC, indicating resumed accumulation by large holders. The market conditions have improved with this renewed whale activity, signaling potential bullish trends.