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
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
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
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 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 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’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
? 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
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
