Bitcoin ($BTC) dropped nearly 1% in 24 hours, now at $66,418. Recent Mt Gox repayments of 37,477 BTC ($3B) spooked the market. Total repayment of 140,000 BTC will impact sentiment. Hong Kong’s new BTC futures product adds pressure. Despite this, network fundamentals remain robust. #Update
Swiss tech company @ProtonMail launches Proton Wallet, a self-custody Bitcoin wallet on web, Android, and iOS. It enables Bitcoin transactions via email, even without Proton Mail, and offers onramps in 150+ countries. #CryptoNews #Update
Mt. Gox moves $2.47B in Bitcoin to @Bitstamp as part of creditor repayments. 32,371 BTC worth $2.13B sent to a new address, 5,106 BTC valued at $336.61M to Mt. Gox Cold Wallet. $BTC stable at $66,360. #Update
On July 23, US Bitcoin ETFs saw a $77.97M outflow, ending 12 days of inflows. @BitwiseInvest’s BITB fund lost $70M, while @BlackRock’s IBIT fund gained $71.94M. This shift reflects volatility in the crypto market, mirroring global trends. #CryptoMarket #Update
Tesla’s Q2 2024 report shows Bitcoin reserves steady at 9720 BTC ($640M), despite @ArkhamIntel noting 11,509 BTC ($757M). Tesla’s revenue hit $25.5B, reflecting strong growth. The company’s Bitcoin strategy remains unchanged since Q2 2022. $TSLA #Update
Colorado-based @RiotPlatforms acquires Kentucky’s Block Mining for $92.5M, boosting operational capacity by 16 EH/s. The deal includes $18.5M cash and $74M in stock. Despite the expansion, $RIOT shares fell 5.3% to $11.59. #BitcoinMining #Update
Spot $ETH ETFs launched on July 23, hitting $1.1B in first-day trading. BlackRock’s $ETHA accounted for 25% of $IBIT’s volume. Despite high activity, $ETH dipped 1%. Analysts foresee a rally if $ETH breaks $3,730. This could challenge $BTC’s dominance. #CryptoNews
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
Veteran trader Peter Brandt predicts a sharp decline in the US dollar’s value, advocating Bitcoin ($BTC) as a safer alternative. Prominent figures like @elonmusk and Robert Kiyosaki echo this sentiment, highlighting the growing shift to cryptocurrencies amid fiscal concerns. #Update
Europol reports Bitcoin remains the top cryptocurrency for crime, often swapped for stablecoins like Tether ($USDT). Monero’s ($XMR) anonymity features rise in popularity among cybercriminals. Law enforcement uses stablecoin blacklisting to freeze illicit funds. #Update
Kraken begins distributing Bitcoin from the Mt. Gox Trustee, providing relief to creditors nearly 10 years post-hack. Reports indicate crypto balances visible on Kraken. Concerns rise over brute force attacks on accounts. #Bitcoin $BTC #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
Bitcoin layer-2 startup Bitlayer raises $11M in Series A led by @FTI_US and ABCDE, boosting total funding to $16M. Funds will expand their Web3 platform, supporting protocols and smart contracts on the Bitcoin network. #Update #CryptoNews
Foundry launches Foundry Donate, letting U.S. miners give part of their Bitcoin to blockchain devs. Starting 2024, miners can support Brink and OpenSats. Foundry and Core Scientific have pledged 0.2 BTC and 1 BTC, respectively. #Bitcoin #Update
