🧙‍♂️ SEC's Head of Crypto Assets and Cyber Unit for 9 ye | Crypto De Nostradame on Binance Square

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🧙‍♂️  SEC's Head of Crypto Assets and Cyber ​​Unit for 9 years has resigned from his position.
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HOT NEWS: Ethereum (ETH) Bull Justin Sun Announces Big News! Justin Sun, one of the most important names in the cryptocurrency industry, has recently come to the fore with his investments in the leading altcoin #Ethereum (ETH). Sun, the founder of #Tron (TRX), shared an important announcement today. According to the information received, Justin Sun and his team are developing a solution that allows transfers to be made without the need for the altcoin in that network for the transaction fee in stablecoin transfers. Justin Sun, who recently shared an announcement on the subject on his official X/Twitter account, included the following information: “Our team is developing a new solution that allows gas-free stablecoin transfers. In other words, transfers can now be made without any gas tokens and all fees will be covered by stablecoins. This innovation will first be implemented on the Tron blockchain and will later support all Ethereum and EVM compatible public chains. We expect this service to launch in the 4th quarter of this year. “I believe that similar services will greatly facilitate large companies to deploy stablecoin services on the blockchain and elevate the mass adoption of blockchain to a new level.”

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🧙‍♂️ The amount of Bitcoin in #Binance exchange reserves increased by more than 23 thousand compared to the previous month and reached 605,636 BTC.

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Government sales are not as big as thought for Bitcoin. Recently, governments have started selling #Bitcoin (BTC) and this has had a negative impact on the cryptocurrency market. BTC, which started its bull run with Spot Bitcoin ETFs, has been going through difficult times in recent weeks. BTC, which reached its all-time high in March, created an environment of fear and panic in July. The German government selling $BTC at regular intervals and Mt Gox's BTC transfers were among the reasons behind the decline. CryptoQuant founder Ki Young Ju stated that governments' BTC selling volumes are a drop of water in the ocean in this bull market. Ki Young Ju commented, “Don't let the government's FUD (market fear and market climate) creation ruin your transactions.” The founder of the crypto data platform stated that $BTC sales by governments are quite low compared to current money inflows. Addressing investors, Ki Young Ju advised investors not to make sudden moves against such agendas. Stating that governments' #BTC sales are exaggerated, Ki Young Ju said, “$224 billion has flowed into this market since 2023. “BTC seized by the state contributes approximately 9 billion dollars to the realized limit,” he commented. The founder of CryptoQuant stated that these sales, which created a panic environment, corresponded to only 4 percent of the cumulative value. BTCs held by Germany and the #USA create concern for crypto investors. According to Arkham's data, Germany holds 41,200 BTC and continues to sell it regularly.

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🧙‍♂️ On July 5, spot Bitcoin ETFs recorded inflows of $143.1 million. •#Fidelity (FBTC) Bitcoin ETF recorded an inflow of $117.4 million. •#Grayscale (GBTC) Bitcoin ETF saw an outflow of $28.6 million. 🧙‍♂️ Cryptocurrency market overview | 6 July 🟢 Market cap: $2.17 trillion (+2.54%) 🔴 BTC dominance: 51.29% (-0.53%) ⚡️ Fear and Greed Index: 26 (fear)

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Bitcoin whale moved after 10 years: Why? According to on-chain data, a Bitcoin whale has made a move for the first time after remaining dormant for a long time. Mt Gox's transfer of $2.7 billion worth of Bitcoin from a cold wallet to an unknown wallet shook the cryptocurrency market. In addition to Mt Gox's transactions, the German government also made Bitcoin transfers. After consecutive transactions, BTC price dropped to 53 thousand dollars. Although the negative process continues in the cryptocurrency market, it has been seen that BTC is trying to recover in the last 24 hours. The leading cryptocurrency broke the 56 thousand dollar barrier and became a lifeline for altcoins. In the middle of all these processes, a whale transaction was reflected in the on-chain data. It was noteworthy that the whale woke up from sleep years later and moved its BTCs to another wallet. According to Lookonchain's data, a whale made a transaction for the first time in 10 years and 3 months. The whale wallet, which has been dormant for years, transferred 1,004.5 $BTC ($56.9 million) to another wallet during the day. Lookonchain announced that the whale purchased 1,004.5 BTC at an average price of $735 between November 25, 2013 and March 13, 2014. At that time, Balina paid 738 thousand dollars for these BTCs. If the whale sells all of its BTCs, the amount it will receive corresponds to 56,837 million dollars. The period when the whale, which made a big profit, woke up from hibernation also attracted attention. The wallet, which was dormant even in March when #BTC was at an all-time high, moved during a major crash. In recent days when Bitcoin miners and whales have been selling, it has started to be talked about that the whale, which has not moved for more than 10 years, will also sell.

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