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
Cryptocurrency exchange @OKX will delist over 30 trading pairs tied to $BTC and $ETH starting July 25 to optimize liquidity. Affected pairs include $LTC/ETH and $MATIC/BTC. Users must cancel active orders to avoid automatic cancellations. #CryptoNews
Spot Bitcoin ETFs in the U.S. saw $533.6M inflows on July 22, the highest since June 4. Fidelity @WiseOrigin, Invesco @GalaxyFund, and Franklin recorded positive inflows, while @VanEck saw outflows of $38.4M. Bitcoin price fell 1.3% to $66,650. #Update
BlackRock’s Bitcoin ETF ($IBIT) saw a record $526.7M inflow on July 22, 2024, marking its highest since March. Other crypto funds, FBTC and BTCO, also gained, while VanEck’s HODL ETF lost $38.37M. This surge underscores growing crypto adoption. #Update
Bitcoin firm @SwanBitcoin suspends its mining operations and delays IPO plans amid market volatility. This strategic pause highlights the challenges in the crypto industry and may prompt other firms to reassess their strategies. #Update #CryptoNews
Mt Gox has moved $2.8B in Bitcoin ($BTC) as part of its creditor repayment plan. The transfers, totaling 47,697 BTC, indicate preparations for repayments. This comes ahead of the Spot Ethereum ETFs launch, sparking market speculation. Current holdings: 90,344 BTC (~$6B). #CryptoNews
BlackRock’s Bitcoin ETF ($IBIT) saw a $0.5B inflow on July 22, boosting total holdings to $22.5B. The share price surged 20% in two weeks. $IBIT’s inflows hit $2B in 12 trading days, leading the US Bitcoin ETF market. $IBIT now trades nearly $1B weekly. #Update
Metaplanet (@MetaplanetFirm) acquired 20.38 BTC for $1.2M, boosting its stock by nearly 20%. The firm now holds 245.99 BTC, valued at $16.5M, underscoring its strong Bitcoin strategy. With BTC trading near $67,400, this move may inspire more institutional investments. #Update
The US government moved nearly $4M in Bitcoin to Coinbase Prime, sparking selloff concerns. Despite holding 213,239 BTC worth ~$14.43B, the market remains bullish with Trump’s upcoming Bitcoin Conference speech and strong ETF inflows. Bitcoin surged 1%, crossing $68,200 with volume up 84%. #Update
Polymarket bettors doubt @realDonaldTrump will announce a U.S. Bitcoin reserve at the Bitcoin 2024 conference. The odds are only 22% for a declaration by July 28. Such a move could make the U.S. the largest Bitcoin holder. #Update #Bitcoin
OKX launches OKX Racer, a new Telegram app where users predict Bitcoin price movements for rewards. Players earn points, multipliers, and referral bonuses. Jason Lau highlights its role in strengthening the crypto community. #Update #Bitcoin $BTC @OKX
