U.S. macroeconomic uncertainty drove Bitcoin to a two-month low under $57K. Cooling inflation may soon bolster risk appetite, says Bitfinex’s Jag Kooner. Friday’s NFP report could impact expectations for rate cuts. #Bitcoin #Update
Michael Saylor (@saylor) celebrates “BTC independence” on U.S. Independence Day. Despite a 10% market drop, MicroStrategy invests $786M, reflecting long-term confidence in #Bitcoin. $BTC #Updates
US Bitcoin ETFs saw $20.45M outflows on July 3, 2024, marking the second consecutive day of withdrawals. Grayscale’s $GBTC fund lost $27M, while Fidelity’s $FBTC gained $6.55M. Similar trends in Hong Kong signal a potential shift in global sentiment. #Update
Bitdeer (@Bitdeer_Group) is incorporating AI and high-performance computing to optimize Bitcoin mining. With plans to add 1,079MW to its data centers, it aims to power 900K homes. U.S. candidate @realDonaldTrump sees Bitcoin mining as key to his campaign. #Bitcoin #Update
UniSat Wallet completes Pre-A funding round led by @BinanceLabs, finalizing in May 2024. This partnership aims to enhance Bitcoin and Ordinals management, focusing on security and ease of use. Valued at $50M in July 2023, UniSat will leverage Binance’s strategic investment for tech advancements. #CryptoNews
On July 4, 2024, a Bitcoin wallet dormant for 12 years transferred $6.9M in BTC. Initially worth $600 in 2012, it moved 119 BTC, sparking interest in the crypto community. This mirrors a similar event earlier in July. #Bitcoin #CryptoUpdate
Bitcoin Core developers, led by Antoine Poinsot, introduced a new policy for disclosing critical vulnerabilities, enhancing transparency and bug detection. Ten vulnerabilities affecting versions up to 0.21.0 were disclosed. This proactive stance boosts long-term security for the Bitcoin network. #Bitcoin #Crypto
The German government sold 1,300 Bitcoin ($76.5M) to @Coinbase, @krakenfx, and @Bitstamp amid a price dip below $59K. This sale adds to the 8,000 BTC already offloaded, leaving 42,059 BTC. Recent transfers to Flow Traders reflect efforts to mitigate crypto market risk. #CryptoNews
Spot Bitcoin ETFs faced a $20M net outflow on July 3, with Grayscale’s $GBTC seeing a $26.99M exodus, while Fidelity’s $FBTC noted a $6.55M inflow. Since January, these ETFs have gathered $14.62B. Bitcoin’s price dropped 3% in 24 hours. #Bitcoin #CryptoMarket
Ethereum ($ETH) has outperformed Bitcoin ($BTC) in fee revenue over the past six months, generating $2.72B compared to Bitcoin’s $1.3B. Ethereum’s DeFi ecosystem and smart contracts drive this dominance. Tron ($TRX) ranks third with $459.39M. #Update #CryptoNews
Dormant Bitcoin addresses are reactivating, stirring the crypto market. A 10.4-year-old address with 43 BTC ($2.5M) and a Satoshi-era miner wallet with 50 BTC moved to Binance. $BTC is trading at $59,627.62 after hitting an all-time high of over $73,000 in mid-March. #CryptoNews
Lombard, a Bitcoin restaking protocol, has raised $16M in seed funding led by @PolychainCap. The funds will develop Lombard’s ecosystem and their new token, LBTC, enabling Bitcoin’s integration into Web3 and DeFi. Partnerships with @bitgetglobal, @Bybit_Official, @okx, and HTX will enhance liquidity. #Update
Bitcoin and Ethereum outpaced the “Magnificent Seven” tech giants in market cap growth since 2019. $BTC rose by 1102% and $ETH by 2218%, surpassing companies like @Apple and @Microsoft. Crypto’s role in finance is rising. #Update
? Marathon Digital (@MarathonDH) boosts its Bitcoin reserves to 18,536 BTC by June 2024, mining 590 BTC in June worth $35.64M. Operational hash rate hits 26.3 EH/s with 250K devices. Strategic moves include immersion cooling and a Finland heating pilot. #Crypto
