Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin whales, holding over 10K $BTC, have increased their holdings to a six-year high, adding 212,450 BTC in six weeks. Smaller whales, holding over 10 BTC, also hit an all-time high at 16.17M BTC. This accumulation signals strong confidence in Bitcoin’s future. #Update #Bitcoin
? Bitcoin Selling Pressure Alert: Two whale addresses moved 9,301 BTC to Binance on June 27, causing a price drop. Meanwhile, the German and U.S. governments transferred 547 BTC and 237 BTC, respectively. Within two weeks, whales sold $1.2 billion worth of BTC. #Bitcoin #CryptoNews
Recent actions by Mt. Gox and the German government have caused Bitcoin ($BTC) volatility. Lucy Gazmararian of Token Bay Capital suggests gradual asset selling may prevent a market crash. She predicts a quieter summer but emphasizes potential volatility in the fall. #Bitcoin
BitMEX transferred over $800M in Bitcoin across two major transactions, resulting in a daily outflow of 22,000 BTC. This move, amid a volatile market and wallet upgrades, reduces BitMEX’s reserve significantly. Market activity also influenced by German BTC sales and U.S. employment data. #CryptoNews
Core Scientific mined 430 BTC in June, totaling 4,506 BTC for 2024. They secured a $1.23B deal with AI firm CoreWave and expanded their Denton, TX data center by 72 MW. Their fleet achieved 19.4 EH/s, with 42,000 hosted units contributing 110 BTC. #Update
#Update U.S. job growth slows in June with 206K jobs added vs. 190K expected. Unemployment rises to 4.1%, while average hourly earnings grow by 0.3%. Inflation cools, hinting at potential rate cuts. Bitcoin rebounds to $55,268 as investors anticipate rate cuts. $BTC $BCH #JobMarket #Inflation #Bitcoin
Bundestag member Joana Cotar criticizes the German govt for selling $BTC holdings worth $195M. Cotar urges alignment with the U.S. to treat #Bitcoin as a strategic reserve asset. A lecture on Oct 17 will discuss Bitcoin-backed bonds for economic stability. #Update
Binance will delist certain $BTC margin trading pairs on July 8, 2024, impacting $DGB, $TLM, and $VOXEL. Trading for these pairs will be suspended on July 7, 2024. Users should close positions and transfer assets to Spot Wallets. #Update
UK Labor Party’s landslide win positions Keir Starmer as next PM, succeeding Rishi Sunak. Future crypto policies remain uncertain, but Labor’s pro-industrial growth stance could benefit $BTC and Web3. Experts predict the tokenization industry could surpass $16 trillion in the next decade. #Update
U.S. macroeconomic uncertainty drove Bitcoin to a two-month low under $57K. Cooling inflation may soon bolster risk appetite, says Bitfinex’s Jag Kooner. Friday’s NFP report could impact expectations for rate cuts. #Bitcoin #Update
Michael Saylor (@saylor) celebrates “BTC independence” on U.S. Independence Day. Despite a 10% market drop, MicroStrategy invests $786M, reflecting long-term confidence in #Bitcoin. $BTC #Updates
US Bitcoin ETFs saw $20.45M outflows on July 3, 2024, marking the second consecutive day of withdrawals. Grayscale’s $GBTC fund lost $27M, while Fidelity’s $FBTC gained $6.55M. Similar trends in Hong Kong signal a potential shift in global sentiment. #Update
Bitdeer (@Bitdeer_Group) is incorporating AI and high-performance computing to optimize Bitcoin mining. With plans to add 1,079MW to its data centers, it aims to power 900K homes. U.S. candidate @realDonaldTrump sees Bitcoin mining as key to his campaign. #Bitcoin #Update
UniSat Wallet completes Pre-A funding round led by @BinanceLabs, finalizing in May 2024. This partnership aims to enhance Bitcoin and Ordinals management, focusing on security and ease of use. Valued at $50M in July 2023, UniSat will leverage Binance’s strategic investment for tech advancements. #CryptoNews
