● The balance of the German government’s Bitcoin address has been cleared or all of it has been sold
According to BlockBeats, on July 13, Arkham monitoring showed that the Bitcoin in the "German Government" address had been exhausted, and 3,846.05 BTC (about $223.81 million) had just been sent to Flow Traders and 139Po. The current Bitcoin balance in the address is 0.
● US Bitcoin spot ETF holdings hit a record high of 888,607 BTC
According to Odaily Planet Daily, HODL15Capital monitoring shows that as of press time, the US Bitcoin spot ETF holds a total of 888,607 BTC, setting a historical high, with AUM exceeding US$51.5 billion.
According to BlockBeats, the on-chain analysis platform CryptoQuant revealed in a blog post on Quicktake that Bitcoin institutional investors are "buying on dips." In just one week, the increased BTC has exceeded 100,000.
● QCP: Spot Ethereum ETF may become a market catalyst
According to Odaily Planet Daily, in a column in The Scoop co-authored by Frank Chaparro, Director of Special Projects at The Block, and Laura Vidiella of MNNC Group, QCP said that we need a catalyst to get things started again. The strong launch of the spot Ethereum ETF may be such a catalyst, and the strong response will increase liquidity and may surprise the market with an upward trend. In addition, some people believe that if Trump wins the US election in November, the market may rebound and enter a massive bull market cycle. At present, the derivatives market reflects this temporary pessimism, and the inverted term structure shows that the implied volatility of short-term options is higher than that of long-term options, indicating that the bearish sentiment is excessive.
According to BlockBeats, LD Capital conducted a comprehensive analysis of the selling pressure of BTC in Mentougou in its article on July 12. Data shows that as of July 12, 138,000 BTC are still in the account address of Mentougou, which means that the selling pressure of Mentougou has not actually entered the market. LD Capital believes that the creditors of Mentougou will sell some BTC, but they should not sell all of them. If the compensation of Mentougou is sold out within a month, the selling pressure faced by the market will be highly similar to the selling of the German government, and the amount and time of selling are similar. According to the current demand for ETFs, it cannot provide sufficient carrying capacity, and the price of BTC may fall further. If the compensation of Mentougou lasts longer (2-3 months), the amount of BTC entering the market every day will not be particularly large, and it will not cause a one-time decline. However, due to the continued expectation of selling pressure, there may be a period of shocks to digest the selling through shocks. This also means that it is difficult for the main rising wave to come in the short term. At present, only 1,545 tokens of Mentougou have been transferred to the exchange, and the rest are still in Mentougou's account. It can be considered that the actual selling pressure has not yet entered the market. When the BTC held by Mentougou is distributed to several trading platform addresses on a large scale, it may cause a large panic drop, thus forming a plunge. When specific individuals sell, due to dispersion and difficulty in tracking and observation, it may not necessarily cause a significant drop in prices.
● Binance CEO Richard Teng: Binance users exceed 210 million, user funds exceed 100 billion US dollars
Richard Teng, CEO of Binance, released a message for the seventh anniversary, saying that Binance currently has more than 210 million global users and is still growing. For many years, Binance has regarded users as the only most important factor driving its decision-making. Earlier this year, the value of Binance user funds held exceeded $100 billion for the first time. As always, user funds are SAFU and are held transparently at a 1:1 ratio. To protect Binance users from potential security risks and other extreme losses, we have always maintained the size of SAFU funds at more than $1 billion and will continue to maintain it. At the beginning of this year, we exchanged all SAFU funds for more trusted and transparent stablecoins USDC, further enhancing the reliability of the fund pool and ensuring its value is stable at $1 billion. Currently, Binance supports a total of 541 carefully selected digital assets and 2,632 crypto asset trading pairs. Our powerful system is ready to handle a large amount of user activity. The historical highest number of queries per second (QPS) on the Binance platform is as high as 2.58 million. This value shows that Binance can smoothly handle very large loads when users need it most. Over the past seven years, our investment in regulatory compliance has been huge and will continue to be even more resolute. Currently, we are licensed and registered in 18 jurisdictions, ranking first among all centralized crypto asset trading platforms. Strengthening collaborative security in the digital financial field remains one of Binance's key areas of focus. Between June 2023 and May 2024, the Binance team processed 62,800 law enforcement requests, bringing the total number of requests processed to 173,800. Each request processed plays an important role in the investigation and prosecution of criminal cases, finding criminals, and recovering funds from victims.
● The U.S. CFTC and the Department of Justice held the first anti-crypto fraud conference
According to Odaily Planet Daily, the U.S. CFTC and the National Cryptocurrency Enforcement Team of the Department of Justice held their first anti-fraud meeting this week, focusing on solving crypto scams such as pig-killing trays. Such scams cause billions of dollars in losses to the American people every year and have become a focus of law enforcement.
