Federal Reserve Chair Powell’s testimony has driven Bitcoin ($BTC) up 2.99% to $57,453.86, marking a recovery after recent sell-offs. Altcoins like Ethereum ($ETH) also gained 3.45%, with Solana, $PEPE, $DOGE, $TRON, $BONK, and $SHIB up 1.60%-10.35%. #CryptoNews #Update
China seizes 190K $BTC, 830K $ETH, and 27.24M $EOS from the PlusToken scam. This follows Germany’s liquidation of 50K $BTC. Both actions add pressure on the crypto market, raising concerns about stability. #CryptoNews
Germany’s government moved 6,306.9 BTC worth $362M to entities like @krakenfx, after seizing 50,000 BTC from Movie2k. Despite this, $BTC stayed above $57K. Exchanges returned over $300M in BTC, highlighting crypto asset management challenges. #Update
Bitcoin miner @Hut8Mining secures a 205MW power deal in West Texas, boosting capacity to 1.3GW. This milestone, backed by $150M from Coatue, aims to support Bitcoin mining and AI. #Bitcoin #Update
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
