Germany sells another 547 Bitcoins, now holding 41,220 BTC worth $2.27B. Market panic as 30,000 BTC ($1.73B) hit exchanges this week. Lawmaker Joana Cotar warns against sales; Bitcoin advocate Samson Mow notes possible price manipulation. #Bitcoin #Crypto
Starting Dec 30, the European Banking Authority will extend the EU Travel Rule to crypto exchanges, mandating reporting on fund and crypto transfers under Regulation (EU) 2023/1113 to boost Anti-Money Laundering measures. #CryptoRegulation
Mt. Gox begins reimbursing creditors after a decade, with payouts in $BTC and $BCH starting July 5, 2024. This marks a major step in resolving one of the largest crypto exchange failures. #CryptoNews
ByBit remains the 2nd largest crypto exchange by spot trading volume, capturing 10.6% of the global market. The platform now serves over 30M users from 230 countries, with average daily trading volume exceeding $25B. #Crypto
Bloomberg analysts, including @JSeyff, expect spot $ETH ETFs to launch mid-July, following Bitwise’s amendment with a six-month fee waiver for the first $500M in assets. #CryptoNews #Ethereum
ASIC alerts investors: NGS Crypto rebrands to Hiddup amid investigation. Federal Court approves receivers for $41M owed to investors. This move highlights the need for transparency and stringent crypto regulations in Australia. #CryptoRegulation
IRS and Treasury finalize new crypto tax rules. Centralized brokers like @Coinbase must report gains/losses, potentially boosting IRS tax income by $28B over a decade. #Cryptocurrency #TaxLaw
The National Bank of Ukraine is considering limits on bank card P2P transactions, capping them at 30 per month and 100,000 UAH. This move, detailed by Deputy Chairperson Rozhkova, aims to regulate financial transactions, impacting the crypto sector’s liquidity and freedom. #FinancialRegulation
Binance.US faces a court battle with the SEC over its ICO, BNB Vault program, and staking services. The SEC continues its probe despite Binance’s $4.3B settlement with the DOJ. Outcome could reshape the crypto landscape. #CryptoRegulation
The DADDY Tate token promoted by @Cobratate surged 170% to $0.2290, contrasting with the broader crypto market decline. Market cap hit $113M, driven by high trading volume. Traders eye $300M cap, hoping for a $1M token burn. #CryptoUpdate
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
Dogecoin whale accumulates 90M DOGE from Binance amid market crash, boosting holdings to 1.42B DOGE worth $157.3M. Despite a 7.08% pullback to $0.11, this move hints at bullish sentiment. Derivatives volume surged 64.80%, showing investor uncertainty. #CryptoNews
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
Standard Chartered projects the tokenized asset market to hit $30.1T by 2034. 69% of buy-side firms plan to invest by 2024, driven by lower costs and efficiency. #Finance #Blockchain
