Mt. Gox will repay 138,000 $BTC, raising fears of a market crash. German Bitcoin liquidations have already spurred a downturn. Cycle Capital warns a swift release could lead to panic selling. However, $16B from FTX repayments might stabilize prices. #CryptoUpdate
The German government sold 2,700 BTC as part of liquidating assets seized from a piracy site. Transactions involved $BTC being distributed to Coinbase, Kraken, Bitstamp, and linked addresses. Germany’s Bitcoin reserves now stand at 6,394 BTC, valued at $394.9M. #Bitcoin #Update
Germany sold 82% of its Bitcoin reserves in July, liquidating nearly 41,000 BTC. Despite this, Bitcoin’s price remained stable around $57,000, driven by strong ETF inflows. The market is focusing on broader economic indicators like lower-than-expected US CPI data. #Crypto #Update
T-REX launches options trading for its 2X leveraged and inverse Bitcoin ETFs, offering traders more flexibility. This comes as the SEC still hasn’t approved any spot Bitcoin ETFs, despite efforts from firms like Bitwise and Grayscale. #Update #Bitcoin #CryptoNews
Suspicious Bitcoin trades tied to Justin Sun (@justinsuntron), founder of Tron, are flagged by CryptoQuant’s Ki Young Ju. Sun’s $420M long trade on $BTC at $67K, backed by $460M in stUSDT, raises liquidity concerns at HTX Exchange with only $24M in reserves. #CryptoNews
US spot Bitcoin ETFs recorded $147.37M inflows on July 10, 2024, with Filelity’s FBTC fund leading at $57.79M. Despite @Grayscale’s $GBTC fund outflow of $8.15M, total three-day inflows hit $801M, showing strong investor confidence in Bitcoin. #Bitcoin #Update
Renowned economist Peter Schiff predicts gold will outperform Bitcoin amid expectations of triple rate cuts by the U.S. Federal Reserve in 2024. Gold surged over $30, trading above $2,400 after cooling inflation data. ETFs like $GDX and $GDXJ hit new 52-week highs. #Update
Bitcoin surged to over $59K after US June inflation data showed CPI down to 3%. Speculation grows on potential Fed rate cuts, boosting $BTC and altcoins. Economists eye September for the first cut. #Update #Crypto
U.S. inflation slowed to 3% in June 2024, below the expected 3.1%, propelling Bitcoin prices above $59,000. The CPI, excluding food and energy, rose just 0.1% month-over-month, signaling potential economic stability. #Update #Bitcoin #Inflation @Bitcoin
Madden Securities Corp dives into crypto, investing $1.67M in Bitcoin ETFs including $520,953 in Grayscale’s GBTC. This move marks a significant institutional adoption trend, with $147M inflows into the market. Notable ETFs: Grayscale, VanEck, BlackRock, Fidelity’s FBTC ($57.8M). #CryptoNews
? The UK’s Solicitors Regulation Authority warns of a scam where fraudsters impersonate lawyers, demanding Bitcoin payments via fake emails. Verify legal communications through official channels to avoid falling victim. #CryptoScam #Update
Bitcoin whales are increasing their holdings by 6.3% monthly, despite BTC trading at $58,200. The BTC accumulation trend score surged to 0.44, a three-month high. This strategic move indicates confidence in a market rebound. #Update #Bitcoin $BTC
Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Germany sold 1125 BTC through Coinbase, Kraken, and Bitstamp as part of liquidating seized assets from a movie piracy site. The BTC price remained stable at $57K. Germany’s reserves are now 13,177 BTC, down from 50,000 in June 2024. #Cryptocurrency #Update
