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🧙♂️ On July 8, spot Bitcoin ETFs recorded the highest inflow in 21 days with an inflow of $ 295 million. •Grayscale (GBTC) Bitcoin ETF experienced a $25 million outflow. •Blackrock (IBIT) ETF experienced an inflow of $187 million. •Fidelity (FBTC) Bitcoin ETF saw an inflow of $61 million.
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The German government does not stop: New BTC transfer The German government moved the market by transferring 1533 BTC ($87.6 million) in the last hours. The German government moved 8,100 BTC worth $463.2 million a few hours after the first transaction. Later, another 5,200 BTC worth $297.3 million was sent to Kraken, Bitstamp, Coinbase and 139Po. It resulted in the largest single-day sell-off, with approximately 16,000 BTC transferred in total. The government's current Bitcoin holdings, less than half of what was originally seized from Movie2k, stands at 23,787.7 BTC, valued at $1.35 billion. Data from crypto data platform Arkham shows that German authorities received around 3,000 BTC later in the day, mainly from Coinbase, Kraken and Bitstamp. The German government's recent BTC sales have sparked controversy among industry experts Ki Young Ju, founder and CEO of CryptoQuant, shared his thoughts on the situation. He stated that the Bitcoin market continues to be affected by “psychological operations”. Famous crypto analyst Alex Krüger presented a detailed analysis of the sales. He stated that this was the final stage of the German sale and that eventually his holdings would be exhausted. What's more, the rest of the market, just like Mt. He suggested that he could absorb it in one go, just like Gox streams. Another crypto analyst, Daan Crypto, believes that the German government's influence on the market will gradually decrease. The German government's continuous sales have undoubtedly stimulated the market, which has been reflected in Bitcoin's price performance since the selling frenzy began. When transfers began on June 19, BTC was trading at $65,000. It is currently trading at $56,586, indicating a decline of approximately 13 percent.
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🧙♂️ Binance will remove the following margin trading pairs on July 17 at 09:00 UTC: •Cross Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD •Isolated Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD, PEPE/TUSD
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Bitsamp, Mt. Gox Says It Will Speed Up the Process for Payments Bitstamp, Mt. Gox has announced its commitment to distribute refunds to creditors as quickly as possible. Mt. According to their agreement with Gox trustees, Bitstamp has 60 days to distribute its tokens. But it aims to compensate investors much sooner. This announcement comes after several Mts in Japan confirmed receiving compensation in Bitcoin (BTC) and Bitcoin Cash (BCH) via exchange accounts at Bitbank and Kraken. Gox is monitoring its creditor's reports. Bitstamp's swift action provides some clarity on the refund timeline. Mt. Bitstamp, one of the exchanges tasked with distributing Bitcoin refunds to Gox creditors, has announced its intention to process these payments as soon as possible. Mt. Gox trustees gives Bitstamp up to 60 days to distribute the tokens once they are received, while the exchange said it was working to promptly refund investors. This announcement comes with Mt. Gox sheds light on the timeline of refunds. The redemption process involves five exchanges, each with different time frames for distribution after receiving money from the trustee. Two Japanese exchanges, Bitbank and SBI VC Trade, have already received and distributed their allocated funds, completing the process within hours. The status of the distributions of the remaining three exchanges, Bitstamp, Kraken and BitGo, is less clear. These exchanges have varying deadlines. Kraken has up to 90 days, Bitstamp has up to 60 days, and BitGo has up to 20 days to process payments. The timing of when each exchange will receive Bitcoin from the trustee remains unclear. It is possible that the remaining Bitcoin will be distributed sequentially or simultaneously to these exchanges in the near future. The scale of the remaining repayments is significant. While 47,229 Bitcoins (worth about $2.7 billion) were sent to Bitbank and SBI VC Trade, the trustee still had 94,771 Bitcoins (worth about $5.4 billion) left to distribute.
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🌟 New Partnership Update 🌟 KIP Protocol 🤝 Rivalz We're delighted to announce our latest partnership with Rivalz, the first AI Intel Layer powered by Dymension with Celestia DA underneath 💎 Learn more about our partnership here👇 https://x.com/kipprotocol/status/1810297808135876681
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