New wallet 0xf64 just withdrew 6 million $ID (equivalent to | JohnCapital on Binance Square

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New wallet 0xf64 just withdrew 6 million $ID  (equivalent to $4.46 million) from OKX at $0.744:
transaction: 0xaa4f863387510565048cba9b4e0b7e16b4d1dff9627857580c478022b890714baddress: 0xf648f1ceba3f260493f8eeeba7c541ac51510da4
Notably, besides ID, this wallet has not yet accumulated any other tokens.

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Analysis of Justin Sun's Move to Buy Bitcoin from the German Government #### Context - **Justin Sun**, the founder of Tron (TRX), has offered a blank check to the German government to buy Bitcoin (BTC). - **Germany** has seized tens of thousands of Bitcoin from illegal platforms and has been sending these to cryptocurrency exchanges, presumably for sale, which increases selling pressure on the market. - As of now, Germany holds 40,359 Bitcoin worth approximately $2.33 billion. #### Objectives - **Reduce Selling Pressure**: Justin Sun aims to reduce the selling pressure on Bitcoin by negotiating to buy all of the BTC held by the German government. - **Market Impact**: By preventing these Bitcoins from being sold on exchanges, he hopes to stabilize or increase the price of Bitcoin. #### Market Data - **Bitcoin Price**: Due to recent sales, Bitcoin has fallen below $58,000. - **Holdings**: Germany has one of the largest Bitcoin wallets among nations, following the US, China, UK, and Ukraine. #### Implications - **For Bitcoin**: If successful, this purchase could prevent further price drops and potentially lead to a price recovery. - **For Tron and Sun**: This move could boost Justin Sun's reputation in the crypto community and potentially increase the value of Tron (TRX) through positive market sentiment. #BinanceTournament #bitcoin #Write2Win #IntroToCopytrading Conclusion Justin Sun's offer to the German government is a strategic move to stabilize the Bitcoin market by mitigating selling pressure. If successful, it could have significant positive impacts on Bitcoin's price and market sentiment.

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Based on the provided data for the U.S. economic indicators: 1. **US Average Hourly Earnings m/m: 0.3%** - This indicates a moderate increase in wages compared to the previous month, suggesting steady income growth for workers. 2. **US Non-Farm Employment Change: 206K** - This number represents the increase in jobs in June, excluding the farming sector. A 206K increase is a solid gain, indicating healthy job growth. 3. **US Unemployment Rate: 4.1%** - The unemployment rate of 4.1% is relatively low, suggesting a strong labor market with most people able to find jobs. Overall, these figures indicate a positive economic outlook with steady wage growth, strong job creation, and low unemployment. #Write2Win #IntroToCopytrading #BinanceTournament

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### July 4 Update on Bitcoin ETFs and Grayscale #### ETF Movements: - **9 ETFs** collectively decreased by **609 BTC** (approximately **$35 million**). #### Grayscale: - Grayscale decreased their holdings by **535 BTC** (approximately **$30.7 million**). - **Current Holdings**: 274,724 BTC (approximately **$15.76 billion**). ### Analysis: These movements could be indicative of various strategies, such as profit-taking, portfolio rebalancing, or responding to market conditions. Grayscale's reduction aligns with broader ETF decreases, suggesting a possible trend of reducing exposure to Bitcoin at this time. #Write2Win #IntroToCopytrading #BinanceTournament #BTCETF #bitcoin

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The German Government (BKA) has just transferred 3,000 BTC (worth approximately $174.3 million) from its address `bc1qq0l4jgg9rcm3puhhfwaz4c9t8hdee8hfz6738z` to several destinations: - **1,700 BTC** ($98.76M) to wallet `139PoPE1bKQam8QJjhVjYDP47f3VH7ybVu` - **500 BTC** ($29.05M) to Bitstamp - **400 BTC** ($23.24M) to Kraken - **400 BTC** ($23.24M) to Coinbase Currently, the German government still holds 40,359 BTC (approximately $2.33 billion) across six addresses. ### Analysis Given the destinations, it's possible these transfers are related to: 1. **Liquidation**: Selling BTC on exchanges (Bitstamp, Kraken, Coinbase) suggests possible liquidation of assets. 2. **Reorganization**: Moving BTC to another wallet (`139PoPE1bKQam8QJjhVjYDP47f3VH7ybVu`) may indicate internal reorganization or security measures. Without further details, the exact purpose of these transfers remains speculative, but they are consistent with potential asset management or liquidation strategies by the government. #Write2Win #IntroToCopytrading #BinanceTournament #MtGox #bitcoin

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Mt. Gox just transferred 47,229 BTC (approximately $2.71 billion) to a new wallet address "1L7XbxQSLQX2fkf8MiJNp4ok8TSD5J6onk": - **Transaction ID**: 2171d96446f26e86aa09321424d7cc6fd1a06bbcef5a855bf554ea08d42a6217 - **Mt. Gox's previous address**: 1HeHLv7ZRFxWUVjuWkWT2D5XFbXXvHoV68 - **New address**: 1L7XbxQSLQX2fkf8MiJNp4ok8TSD5J6onk This action follows a similar pattern observed in May when large transfers were made to new wallets. It was later announced that Mt. Gox would start repaying creditors in BTC and BCH from early July 2024. Given this context, it is plausible that this recent transfer might be preparatory for the upcoming repayments. However, it could also be routine wallet management or security measures. Without an official announcement from Mt. Gox, it's difficult to ascertain the exact intent behind this transfer. Stay tuned for any updates from Mt. Gox regarding this matter. #Write2Win #IntroToCopytrading #BinanceTournament #MtGox #bitcoin

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