Republicans Defend Bitcoin Mining Rights
The RNC, led by @LaraLeaTrump, adopts a platform supporting Bitcoin mining and opposing CBDCs to foster a crypto-friendly environment. Donald Trump shifts from crypto skeptic to advocate. #CryptoNews #Bitcoin
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
GOP Vows to Protect Bitcoin Mining Rights
The @GOP adopts a crypto-friendly platform, emphasizing the right to Bitcoin mining and opposing CBDCs. Led by Michael Whatley and Lara Trump, this shift highlights Trump’s crypto advocacy, including NFTs and crypto donations. #CryptoNews
Bitcoin Network Ownership Shared by ZKM L2
ZKM announces GOAT Network, the first Bitcoin Layer-2 network sharing ownership, launching Q3 2024. Using decentralized sequencers, nodes earn yield on BTC. Initial launch includes a DEX and zero-gas BRC-20 trading. #Bitcoin #Update
Bitstamp Accelerates Mt Gox BTC Repayments
Bitstamp is expediting Mt. Gox repayments, aiming to compensate creditors faster than the agreed 60-day window. With 94,771 BTC (≈$5.4B) still pending, this swift action could stabilize the market amid recent volatility. Other exchanges like Kraken and BitGo have varied deadlines. #CryptoNews #Update
Germany Seizes 1000 BTC from Controlled Account
Germany transferred 1000 BTC on July 8, 2024: 250 BTC each to @Bitstamp and @coinbase, and 500 BTC to an unknown wallet. This follows a 700 BTC move on July 7. Germany holds over 38,826 BTC, worth about $2.19B, influencing #cryptomarket dynamics. #Update
Bitcoin MVRV Turns Negative, Bear Market Ahead?
Bitcoin’s MVRV ratio turned negative for the first time since March 2023, signaling caution. Bitcoin fell to $54,500 before recovering to $55,770; market cap just under $1.1T. Potential sell-offs from Mt. Gox creditors and the German government add to investor concerns. #Update #Bitcoin #CryptoMarkets
German Government Transfers $56.65m BTC Amid FUD
? The German government moved 1,000 BTC ($56.65M) to Coinbase, Bitstamp, and an unknown address amid a bearish market. Bundestag’s Joana Cotar calls Bitcoin a “strategic reserve currency.” $BTC is down 2.2% today. #CryptoNews
Metaplanet Invests $2.4M in Bitcoin Slump
Japanese firm Metaplanet acquired 42.4 BTC for ¥400 million ($2.4M) amid market slump, boosting its holdings to over 203 BTC. This aligns with its strategy to use Bitcoin as a strategic treasury reserve asset. #Crypto #Update
Bitcoin Plummets, Mt. Gox Repays, Circle Gains License
Bitcoin hits a 5-month low at $53,485 amid whale selloffs, miner capitulation, and German BTC distribution. @Circle secures first stablecoin license under MiCA. Meanwhile, meme coins BONK and PEPE gain over 15%. #Bitcoin #CryptoNews
Bitcoin Champion Over Digital Euro: German Lawmaker
German MP Joana Cotar opposes ECB’s digital Euro, citing privacy risks and advocating for $BTC. She argues Bitcoin offers better asset diversification and privacy. #Crypto #Bitcoin
Bitcoin Champion: German Lawmaker Opposes Digital Euro
Joana Cotar, German Bundestag member, opposes the ECB’s digital Euro, citing privacy risks. Advocates for $BTC, highlighting its investment potential. The German government holds 39,826 Bitcoin, valued at $2.30B, and recently liquidated $76M worth, impacting prices. #Update
Bitcoin Seized: Germany Confiscates 700 BTC
Germany transfers 700 BTC ($40M) to an unknown address, fueling speculation of a major institutional buyer. Authorities have sold over 10,000 BTC since June, prompting market concerns. @justinsuntron offers to buy remaining Bitcoin to reduce impact. #Bitcoin trades at $57,370.
Mantra Soars 22% Amid Bitcoin Pressure, Multiverse Shines
Mantra ($OM) surged 8% in 24 hours, while MultiverseX ($EGLD) rose 3.5%, defying Bitcoin sell pressure from the German government’s BTC liquidation. Mantra’s RSI suggests more upward potential with a $703.4M market cap. #CryptoUpdate
Bitcoin ETF Inflows Exceed $143M Milestone
Net inflows into spot Bitcoin ETFs hit $143M on July 5, led by @Fidelity’s $117.4M. Fidelity’s $FBTC now has $9.65B AUM, making it the third-largest in the U.S. Meanwhile, @Grayscale faced a $28.6M outflow from its $GBTC fund. #Bitcoin #Update