The cryptocurrency market is in turmoil as Bitcoin falls below the $55,000 support level! Mt. Gox repayment plan triggers chain reaction
![image WenJun](https://image.coinlive.com/24x24/cryptotwits-static/a8493e1c6748b42c3dae10c0b1c82784.jpeg)
Tron founder Justin Sun wants to buy Bitcoin held in Germany on the OTC market to prevent market chaos.
Bitcoin’s fall below $58,000 sparked concerns of increased selling pressure due to Mt. Gox wallet activity and large transfers from the German government. But Robert Kiyosaki sees this as a buying opportunity as a bull run will emerge after the crash in late 2025.
Lombard aims to enhance Bitcoin's role in DeFi by introducing LBTC, allowing users to stake Bitcoin for yield while retaining liquidity, bridging traditional finance with blockchain innovation. Backed by a $16 million seed round led by Polychain Capital, Lombard plans to integrate LBTC across major DeFi platforms, promising to reshape the DeFi landscape with cross-chain compatibility.
According to Arkham data, the German government transferred as many as 2,800 Bitcoins on Monday (July 1) and Tuesday. According to the Bitcoin price at the time of writing (61,845USD), the total amount transferred The number exceeded US$170 million.
Tom Lee's prediction of Bitcoin reaching $150,000 by the end of the year depends on the resolution of the Mt. Gox allocation and the approval of a Bitcoin spot ETF. Despite recent market volatility, historical trends and positive investor sentiment suggest that significant price increases are possible.
GRIID Infrastructure Inc., an American-based infrastructure company operating bitcoin mining facilities, has been making significant strides since its inception. Now, with its acquisition by CleanSpark Inc., this promising company is poised to achieve even greater heights.
Bitcoin faces potential sell-off pressure from Mt. Gox repayments but may see recovery with FTX cash repayments later in the year.
Deepfake technology is increasingly used in cryptocurrency scams, impersonating figures like Elon Musk and Lee Hsien Loong to deceive users, resulting in over $79 billion in losses since 2022. This poses a significant threat to financial security and public trust.
Cryptocurrency acceptance is growing among luxury retailers like Ginza Xiaoma, signaling a shift towards digital payments in high-end markets globally. Despite challenges, increased business adoption and regulatory developments suggest a promising future for crypto as a mainstream payment method.
$21M worth of wstETH returned to ZKasino's multisig wallet, renewing victims' hope amid investigations and arrests following the alleged exit scam.
Nigeria dismisses Binance's bribery claims, urging the crypto exchange to address money laundering and tax evasion allegations amid escalating government scrutiny.
Argentinian President Javier Milei met with Musk and announced that the country will use natural gas to mine Bitcoin, aligning with a pro-cryptocurrency stance.
Publicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.
Nigeria's currency crisis and regulatory crackdown on cryptocurrency platforms like Binance have escalated tensions, leading to the detention of Binance executives and accusations of bribery. The situation reflects Nigeria's struggle to control its currency amidst a growing crypto market, posing challenges and opportunities for the nation's economic future.
Binance was fined by the Canadian financial regulator for violating anti-money laundering rules. The Wall Street Journal revealed that Binance found market maker DWF Labs involved in market manipulation.
Uncover Signal's complex origins and the ideological motives of its leadership, revealing potential government ties that challenge the app's trustworthiness for secure, open communication.
After Trump made remarks in support of cryptocurrency, the MAGA meme coin skyrocketed by over 65%.
In a bid to rally support from crypto enthusiasts, Trump has criticized President Biden, insinuating a lack of comprehension and backing for the industry.
The U.S. House passed a resolution supporting digital asset innovation, but Biden's intent to veto it has sparked anger in the crypto community, highlighting ongoing regulatory uncertainties. Meanwhile, Trump's sudden pro-crypto stance amid legal battles has polarized opinions, leading to a surge in meme coin values associated with him and Biden.