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.
Tether's recent $1 billion minting on the Tron blockchain signals aggressive expansion, sparking discussions about its strategic reserves for future use. Amidst a $96 billion market cap, Tether faces potential challenges from traditional financial institutions, with regulatory uncertainties tied to the upcoming 2024 U.S. presidential election adding a layer of complexity to the crypto landscape.
The Scroll Origins NFT, a soulbound token exclusive to users engaged in the Scroll mainnet, marks a shift towards personalized, identity-centric digital assets in the blockchain realm.
In a new motion filed late Monday, US lawyers claim the Bahamas Government asked SBF to mint tokens worth hundreds of million and transfer the control to them.
The private key of the owner (Admin of pGALA contract) has been disclosed in Github.
The StarkWare founder announced the launch of its new Recursive validity proof technology on Aug. 7 in Seoul.
Minting a nonfungible token of artwork seems a no-brainer for an artist: Cointelegraph spoke to those that took the plunge.
Under the proposal, there would be either a 100% reimbursement via 4.97 billion new ONE tokens, or a 50% reimbursement with 2.48 billion ONE tokens.
Years ago, the world was obsessed with .com domain names. Now, attention is turning to NFT domains that offer much, much more.
The developers have managed to delete the fake message and remove the MEE6 bot from the main server.