Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
On July 4, 2024, a Bitcoin wallet dormant for 12 years transferred $6.9M in BTC. Initially worth $600 in 2012, it moved 119 BTC, sparking interest in the crypto community. This mirrors a similar event earlier in July. #Bitcoin #CryptoUpdate
The German government sold 1,300 Bitcoin ($76.5M) to @Coinbase, @krakenfx, and @Bitstamp amid a price dip below $59K. This sale adds to the 8,000 BTC already offloaded, leaving 42,059 BTC. Recent transfers to Flow Traders reflect efforts to mitigate crypto market risk. #CryptoNews
Spot Bitcoin ETFs faced a $20M net outflow on July 3, with Grayscale’s $GBTC seeing a $26.99M exodus, while Fidelity’s $FBTC noted a $6.55M inflow. Since January, these ETFs have gathered $14.62B. Bitcoin’s price dropped 3% in 24 hours. #Bitcoin #CryptoMarket
Ethereum ($ETH) has outperformed Bitcoin ($BTC) in fee revenue over the past six months, generating $2.72B compared to Bitcoin’s $1.3B. Ethereum’s DeFi ecosystem and smart contracts drive this dominance. Tron ($TRX) ranks third with $459.39M. #Update #CryptoNews
Dormant Bitcoin addresses are reactivating, stirring the crypto market. A 10.4-year-old address with 43 BTC ($2.5M) and a Satoshi-era miner wallet with 50 BTC moved to Binance. $BTC is trading at $59,627.62 after hitting an all-time high of over $73,000 in mid-March. #CryptoNews
Lombard, a Bitcoin restaking protocol, has raised $16M in seed funding led by @PolychainCap. The funds will develop Lombard’s ecosystem and their new token, LBTC, enabling Bitcoin’s integration into Web3 and DeFi. Partnerships with @bitgetglobal, @Bybit_Official, @okx, and HTX will enhance liquidity. #Update
? Marathon Digital (@MarathonDH) boosts its Bitcoin reserves to 18,536 BTC by June 2024, mining 590 BTC in June worth $35.64M. Operational hash rate hits 26.3 EH/s with 250K devices. Strategic moves include immersion cooling and a Finland heating pilot. #Crypto
The U.S. government holds 213,543 $BTC from criminal seizures but has lost billions by selling at inopportune times. In 2014, 50,000 BTC was sold for $19M, now worth $3.1B. Upcoming sales may affect market prices. #Update
? Ethereum, Bitcoin, and XRP lead 2024 crypto scam losses, with over $1.5B stolen in the first half. DeFi protocols hit hardest, accounting for 59% of losses. Major hacks include 4,502.9 BTC from DMM Bitcoin and 213M XRP from Chris Larsen’s wallets. Security measures are crucial. #CryptoSecurity
Grayscale’s converted ETF, GBTC, saw outflows of $32M, lowering its AUM below $17B. Meanwhile, BlackRock’s IBIT ETF gained $14M, boosting AUM to over $19B. This highlights the cryptocurrency market’s volatility. #Update #CryptoNews
Over 50% of top US hedge funds have invested in Bitcoin ETFs, with Millennium Management holding 27,263 BTC worth $1.65B. In 2024, 600+ companies invested $3.5B in Bitcoin ETFs, signaling growing institutional confidence in cryptocurrency. #Bitcoin #Update
CleanSpark mined 445 BTC in June, doubling its hashrate since December, surpassing its 20 EH/s target. Despite the Bitcoin halving event, efficiency gains boosted performance. Stock price up 58% YTD. #BitcoinMining #Update
Bitcoin miners face forced selling due to reduced rewards and lower fees. Since the halving, rewards dropped to 3.125 BTC, fees plummeted 90%, and mining costs rose. Major miner $MARA sold 390 BTC in May. Miners explore alternatives like Kaspa and mergers for efficiency. #Bitcoin #CryptoNews
Crypto mining stocks like Hut 8 and Bitfarms have surged, with returns of 86% and 34%, respectively, post-Bitcoin’s halving, while BTC dropped 3.62%. Analysts highlight the importance of infrastructure and scale in mining. #Crypto #Update
