This week's selected mining industry news highlights: Cango mined 115.4 BTC last week, with a total holding of approximately 7,758 BTC; possibly affected by extreme weather in the United States, Bitcoin's total network hash rate experienced the largest decline in history.

UK Man Claims $172M Bitcoin Stolen, Funds Split Across 71 Wallets

A High Court case reveals the alleged theft of over $170 million in Bitcoin from a hardware wallet, raising concerns about self-custody risks. The funds, claimed by Ping Fai Yuen, were transferred without his knowledge and divided among multiple wallets. Allegations suggest involvement from the claimant's spouse, though these remain unproven. The case exemplifies challenges in cryptocurrency disputes, particularly regarding custody and personal relationships.

Contract Whale "Sets 10 Major Targets First" Flaunts Long Position Profits Exceeding $14.66 Million

Gate News reports that on March 17, a contract whale "Set 10 Big Goals First" (@jasonleo) posted a contract order screenshot on the X platform with the caption "Retreat." The screenshot shows that it went long on BTC and ETH at $67,900 and $1,935 respectively, and also went long on BNB. The three positions combined for a total profit of $14.66 million.

UK Court Allows $172M Bitcoin Theft Case as Husband Accuses Wife of Stealing Crypto via CCTV

A UK court has allowed a $172M Bitcoin theft case to proceed, where a man alleges his wife recorded his wallet recovery phrase to steal 2,323 BTC. The case highlights challenges in handling crypto disputes under existing laws.

BlackRock transferred 567 BTC and 22,657 ETH to a certain CEX, with a total value exceeding $94 million

Gate News reports that on March 17, according to Onchain Lens monitoring, asset management firm BlackRock deposited 567 BTC to a certain CEX, valued at approximately $41.78 million, while simultaneously transferring in 22,657 ETH, valued at approximately $52.40 million. The total value of both transfers exceeded $94 million.

Bitcoin records 8 consecutive trading days of gains, a first in nearly 4 years

Gate News reports that as of March 17, Bitcoin recorded 8 consecutive trading days of gains since March 9, marking the first occurrence in nearly 4 years. According to Glassnode data, Bitcoin has experienced at least 8 consecutive days of gains 15 times throughout history. Following these streaks, there were 9 instances of continued gains and 6 instances of declines over the next 30 days, with a median gain of approximately 19% over the 30-day period.

South Korean Police Plan to Establish Guidelines for Seizing Privacy Coins; Virtual Assets Confiscated Over Past Five Years Valued at 545 Billion Won

The Korean National Police Agency is developing new virtual asset seizure management guidelines, incorporating handling of privacy coins for the first time. The new regulations will clarify software wallet management, address virtual asset custody gaps, and improve law enforcement efficiency. Police plan to designate private custodian institutions, while experts recommend establishing a centralized public custody mechanism to reduce risks. This reform has been prompted by recent Bitcoin theft incidents, driving the management system's transition toward the digital asset era.