Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Northwest Capital Management invested $1,775 in $BLK Bitcoin ETF, acquiring 52 units in Q2 2024. City State Bank and the Bank of New Hampshire also invested. The ETF saw 2134 BTC inflows on July 9, pushing prices near $59K. Institutional adoption of Bitcoin ETFs is rising. #Update
BlackRock’s IBIT ETF holds $18B in BTC, with $121M inflows on July 9. Spot BTC ETFs saw $216.4M inflows Tuesday, sustaining bullish momentum. Bitcoin hit $59.4K intraday high. #CryptoMarket #BTC
On July 8, 2024, U.S. spot Bitcoin ETFs saw a $294.9M influx. BlackRock’s IBIT fund led with $187.21M, followed by Fidelity’s FBTC at $61.54M and Grayscale at $25.08M. This surge reflects growing investor confidence in #cryptocurrencies. #Update
Bitcoin user sends on-chain message to German govt, calling taxes “robbery,” as over 50% of seized BTC is sold on exchanges like $COIN, $BTS, and $KRKN. Prices dip but recover 2.1% in 24 hours. TRON’s @justinsuntron offers to buy the BTC directly. #CryptoNews
Federal Reserve Chair Powell’s testimony has driven Bitcoin ($BTC) up 2.99% to $57,453.86, marking a recovery after recent sell-offs. Altcoins like Ethereum ($ETH) also gained 3.45%, with Solana, $PEPE, $DOGE, $TRON, $BONK, and $SHIB up 1.60%-10.35%. #CryptoNews #Update
China seizes 190K $BTC, 830K $ETH, and 27.24M $EOS from the PlusToken scam. This follows Germany’s liquidation of 50K $BTC. Both actions add pressure on the crypto market, raising concerns about stability. #CryptoNews
Germany’s government moved 6,306.9 BTC worth $362M to entities like @krakenfx, after seizing 50,000 BTC from Movie2k. Despite this, $BTC stayed above $57K. Exchanges returned over $300M in BTC, highlighting crypto asset management challenges. #Update
Bitcoin miner @Hut8Mining secures a 205MW power deal in West Texas, boosting capacity to 1.3GW. This milestone, backed by $150M from Coatue, aims to support Bitcoin mining and AI. #Bitcoin #Update
SGX CEO Loh Boon Chye confirms no Bitcoin or crypto ETF listings on $SGX due to current market conditions, diverging from global trends in Hong Kong, the U.S., and Australia. Future listings may occur as the ecosystem evolves. Focus remains on Asian derivatives and global REIT listings. #Update
City State Bank has invested in Bitcoin ($BTC) ETFs from BlackRock and Grayscale, as disclosed in their July 8, 2024, 13F filing. This follows Bank of New Hampshire’s similar move, marking a growing trend of institutional adoption of crypto assets. #CryptoNews
Germany’s BKA resumed its Bitcoin selloff, transferring 3,100 BTC ($177.54M) to @krakenfx and a B2C2-linked wallet, causing market jitters. Despite this, $BTC price surged 2% to $57,672, supported by spot ETFs and rising futures interest. #CryptoNews
Kraken, @Coinbase, and @Bitstamp returned 3000 BTC, worth $172M, to the German government, stabilizing the market. Bitcoin’s price rose above $57,000. However, Flow Traders and B2C2 still hold 9400 BTC, posing future market risks. #Crypto #Update
U.S. Spot Bitcoin ETFs saw $295M inflows on July 8, driving a market rebound. Global crypto market cap surged 4.2% to $2.22T. $BTC and $ETH prices rose 3.5% and 5.5%. #Update
Germany sold 16,039 Bitcoin seized from Movie2k.to for $1B, then repurchased 3,673 BTC. This caused market panic and a 3% price rise to $57,645.05. Speculation surrounds their strategy and market impact. #Bitcoin #CryptoNews
