Crypto market overreaction, government Bitcoin sell-off not that impactful
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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.
WisdomTree said it has received approval from the Financial Conduct Authority to list a pair of physically-backed cryptocurrency ETPs tracking bitcoin and ethereum on the London Stock Exchange.
Amid strong price gains for many cryptocurrencies, a major recent development has been undervalued. The tokenization of “real world assets” is also booming.
WisdomTree's NYDFS approval for digital asset custody and stablecoin issuance positions it alongside industry leaders, ensuring regulatory compliance and consumer protection.
The chief operating officer said holding Bitcoin in WisdomTree’s consumer app provides a better use case for the asset than its ETF.
Fee Battle Escalates: Invesco and WisdomTree Slash Prices in European Bitcoin ETF Showdown. Global competition heats up post-SEC approval, with fees plummeting over 60%. Structural nuances, U.S. influence, and the allure of liquidity reshape the ETF landscape.
ByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.
Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees.
The fall in trust levels prompted various major exchanges to brainstorm ways to prove that they are “safe”.
Pinetree space is Generation ecosystem’s web 3.0 platform that includes NFT, NFT-fi, Marketplace, Bridge, Staking, and Voting. Generation foundation releases ...
To aid coordination, technology trees help decentralize science and provide an overview of the field, existing work and open challenges.