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
Bitcoin hits a 5-month low at $53,485 amid whale selloffs, miner capitulation, and German BTC distribution. @Circle secures first stablecoin license under MiCA. Meanwhile, meme coins BONK and PEPE gain over 15%. #Bitcoin #CryptoNews
