๐ฉ๐ชGerman lawmaker, Joana Cotar, has called for a halt to the country's Bitcoin selling spree, suggesting the crypto be adopted as a "strategic reserve currency" instead.๐ She believes Bitcoin could boost Germany's economic independence and resilience to financial uncertainties. The government has sold 7,583 Bitcoin since June 19, leaving 42,274 Bitcoin in its wallets. Cotar urges for a comprehensive Bitcoin strategy, including keeping Bitcoin in the treasury and fostering a Bitcoin-friendly regulatory environment. What's your take? Should governments hodl or sell? ๐ค๐ฐ
๐Mt. Gox, the infamous collapsed Japanese crypto exchange, has been spotted moving a whopping 47,229 BTC (worth $2.71 billion) to a new wallet. This is their first major transaction since May! ๐ฒ
The move comes as Mt. Gox plans to start repaying creditors this month, with a total of $8.5 billion in Bitcoin on the line. Some market pundits are biting their nails over the potential flood of Bitcoin that could hit the market. But don't panic just yet! Other analysts suggest the total amount of Bitcoin to be "dumped" is likely closer to $4.5 billion.
Despite a 6.9% dip in Bitcoin's price over the last week, it's still up 35.6% YTD.
What's your take on this? Will we see a Bitcoin tsunami or just a ripple? Let's discuss in the comments! ๐๐ #Bitcoin #MtGox
๐ Bitcoin (BTC) celebrated July 4th with a bit of a bang, dropping 3.34% in 24 hours to a one-month low of $56,709. ๐ฑ The crypto market followed suit, with the total market cap down 4.23% to $2.13 trillion. But don't panic sell just yet! Analysts are optimistic about a potential recovery, with BTC bouncing back above the 200-day EMA. The current correction is seen as a healthy pull-back, setting up BTC for a massive breakout. So, is this the calm before the storm? ๐ฉ๏ธ Share your thoughts below! #Bitcoin #CryptoNews
๐ Bitcoin took a dip from $63,800 to $56,746 in just 3 days, but don't get your crypto-knickers in a twist! ๐ Despite this 11% drop, the demand for Bitcoin derivatives and stablecoins in China suggests traders are not ready to throw in the towel just yet.
Meanwhile, the S&P 500 index is partying at an all-time high, and gold is just 4% shy of its record high. So, it seems the crypto downturn isn't scaring off risk-on investors or those seeking alternative investments.
The Bitcoin futures premium fell to 7.5% on July 4, but stayed within neutral territory, and the BTC options 25% delta skew is at a balanced 0%.
Interestingly, China's USDC stablecoin premium bounced back to a neutral 1.8% on July 4, suggesting a surge in buying activity.
In short, Bitcoin derivatives aren't showing bearish signs, and the BTC price might just regain the $60,000 support level soon.
Got thoughts on this? Share them in the comments! ๐ Remember, this isn't investment advice, so do your own research before making any decisions. #Bitcoin #Cryptocurrency
๐ Hamilton, a crypto startup, has launched tokenized U.S. Treasury bonds on Bitcoin layer-2 blockchains, a first in the crypto universe! HUST (Hamilton U.S. T-Bills) are now available on Stacks, Core, and BoB Bitcoin layer-2 solutions. ๐
These layer-2 solutions enhance Bitcoin's scalability and functionality, combining the stability of Bitcoin and the reliability of the U.S. dollar. The first HUST transaction happened on July 4th.
Hamilton's CEO, Kasstawi, believes this marks a historic step towards financial independence.
What do you think? Is tokenizing real-world assets the future of finance? Comment below! ๐ฌ๐
๐Web3 apps are soaring! Q2 saw a record-breaking 10M daily unique active wallets (dUAW), a 40% leap from Q1. Every DApp sector grew, with social apps like Fantasy.top and UXLINK leading the pack. ๐ฎBlockchain gaming added more users, while NFT marketplaces hit their highest usage since Q1 2023, with a whopping $4B in trading volume. Uniswap and Raydium enjoyed double-digit dUAW increases thanks to memecoin traders. However, the total value locked in DeFi apps dipped by $7B. Ethereum layer-2s Linea and Base bucked the trend with significant TVL increases. Will this growth continue? Share your thoughts below!๐
๐น Hamster Kombat, the viral clicker game, is gearing up for a token launch on the TON blockchain, says Telegram founder Pavel Durov. With 200 million players since its March 2024 launch, the game is onboarding millions to Web3. ๐ The token airdrop date is still under wraps, but the in-game wallet is ready and the token utility is set for July 2024. Hamster Kombat's YouTube channel is even outpacing Mr Beast's subscription numbers! So, are you ready to tap your way to crypto riches? Let us know in the comments! ๐ฌ
๐Swiss crypto platform, Taurus, is set to turbocharge UAE's Zand Bank with its blockchain tech! ๐ผWith Taurus' help, Zand will issue tokenized assets across various blockchains under UAE regulation. ๐ฆZand, a digital-only bank, is making waves in the evolving UAE financial landscape. ๐Since the UAE's return to the good graces of international finance watchdogs, it's become a hotbed for crypto firms. Taurus, backed by Deutsche Bank and others, has also expanded to Turkey and Canada. ๐What's next for the crypto world? Share your thoughts below!๐ #CryptoNews #Blockchain #UAE
๐ฃTech giants like Microsoft, Google, and Meta are filing "risk factor" reports with the SEC, flagging AI as a potential financial threat.๐ค Meanwhile, in the crypto-verse, Ethereum's co-founder Vitalik Buterin is calling for more transparency and regulation.๐ He's not a fan of "useless" coins with "vague" stories.๐ฉ Could we see a shift towards treating crypto firms more like their big tech counterparts? What do you think?๐ค Let's chat in the comments! #CryptoNews #AIThreat #RegulationDebate
๐ Blockchain's got a new beat: Decentralized Security (DeSec)! Zee Prime Capital's latest report suggests DeSec could revolutionize law enforcement, shifting from state-run to community-based models. Think distributed surveillance, radar arrays, and community patrol DAOs. ๐ต๏ธโโ๏ธ
While retail apps might balk at the cost of security redundancy, communities keen on safety will happily foot the bill. DeSec's potential extends beyond policing, offering ways to bolster local electrical infrastructure against disruptive events like solar flares or EMPs.
The rise of DeSec is a response to growing state surveillance, failing centralized power structures, and a creeping global authoritarianism. Decentralized physical infrastructure networks could wrest power from ISPs and big tech, ensuring a free and open internet for all.
But here's the rub: with increased transparency comes decreased privacy. How do we strike a balance? Let's discuss below! ๐ #DeSec #Blockchain #Decentralization
๐ South Korea's Financial Supervisory Service (FSS) is taking crypto transactions under its wing! Starting July 19, a new system will monitor suspicious transactions on exchanges, thanks to the Virtual Asset User Protection Act. This covers a whopping 99.9% of the country's trading volume! ๐ต๏ธโโ๏ธ
Exchanges will report fishy activities straight to the FSS. Market manipulation, illegal trading, you name it, they're on it! 29 exchanges, including big names like Upbit, Bithumb, and Coinone, are now under the FSS's watchful eye.
Meanwhile, South Korean officials are pondering the impact of listing Bitcoin and Ether ETFs on local exchanges. More research needed, they say. What do you think? Comment below! ๐๐
๐ฃ Breaking news! DAOs are facing a new threat: Hacktivist investors! These savvy raiders are buying up tokens, gaining voting rights, and reshaping DAOs for their own profit. ๐ค In 2023, Nouns DAO and Aragon DAO fell victim, leading to a $27 million extraction and leadership spills. But don't worry, folks, these DAOs are bouncing back, learning from their experiences, and working to prevent future exploits. ๐ช So, what's the moral of the story? DAOs, keep your eyes peeled for these raiders and make sure your tokenomics and governance are on point! ๐ผ๐ฐ What are your thoughts on these hacktivist attacks? Let's discuss in the comments! ๐๐
๐ฃMatter Labs, Ethereum layer 2 network zkSync's developer, has refuted allegations of "insider minting" of Libertas Omnibus NFTs. The accusations came from blockchain researcher soEasy, who claimed that the team was unfairly distributing NFTs to their buddies. Matter Labs hit back, stating that all minters met the official criteria ๐ฏ. They also clarified that holding Libertas Omnibus didn't automatically qualify anyone for the ZK airdrop. So, who's telling the truth? Share your thoughts below! ๐ต๏ธโโ๏ธ๐
๐Tron's Justin Sun has a new mission: save Bitcoin from a potential market crash!๐ฅ He's offered to buy the German government's $2.3 billion stash of BTC off-market. Why? To prevent a negative price impact from a mass sell-off. This comes after the German government's wallet, loaded with nearly 50,000 BTC, raised eyebrows with a hefty transfer of 6,500 BTC. The funds are rumored to be seized from Movie2k, a pirate movie site.๐ฅ Will Sun's move stabilize the market? Let's discuss below!๐ #CryptoNews #Bitcoin #Tron
๐ฅ๐ฅ UFC contender Khamzat Chimaev's memecoin, Smash (SMASH), is under scrutiny! ZachXBT, the Sherlock Holmes of onchain investigation, found that insiders and developers hold a whopping 78% of SMASH tokens. This could lead to price manipulation, a bit like a puppet master controlling a marionette. ๐ญ SMASH's price has taken a nosedive, falling over 91% in a day. It's like a free-falling skydiver without a parachute! ๐ช Will the SMASH token bounce back or continue its downward spiral? Share your thoughts below! #SMASH #CryptoNews
๐๐ฉ๐ช The German government's crypto wallet has been caught doing the Bitcoin shuffle, moving over 3,000 BTC (worth a cool $172 million) to three exchanges and a mystery wallet. Blockchain sleuths PeckShield first spotted the $75 million dance move to Coinbase, Kraken, and Bitstamp on July 4th. But wait, there's more! Another 1,700 BTC boogied off to an unknown wallet. ๐๐บ This isn't the first time the German government has hit the crypto dance floor, with similar moves seen in recent weeks. What's the next move in this crypto cha-cha? Share your thoughts below! #BitcoinMoves #CryptoDance ๐ถ๐ฐ
๐ฅ Bitcoin's rollercoaster ride continues! ๐ข Experts at 10x Research predict a drop below $57,000, possibly even touching $50,000. Why? Sell flows are on the rise while buy flows are drying up. ๐
This sudden dip has stirred the market, with BTC's market cap taking a hit and trading volume spiking by 57%. The sell-off coincides with the anticipated Mt. Gox repayments of a whopping $8.5 billion worth of BTC. ๐ฑ
But don't panic! Remember, the crypto market is as unpredictable as a cat on catnip. ๐ฑ What are your thoughts on this? Share below! ๐
๐จCrypto Ponzi scheme alert! Sam Ikkurty, an Oregon man, has been ordered to cough up a whopping $120 million for running a crypto Ponzi scheme. His "get-rich-quick" plan? Promising steady returns of 15% per year from investments in digital asset commodities, including Bitcoin, Ether, Olympus, and KlimaDAO. But alas, instead of a golden goose, investors got a turkey. ๐ฆ KLIMA is now trading at a mere $3.55, down 99.9% from its all-time high. Ouch! What's your take on this? Let's chat in the comments! ๐ฌ #CryptoNews #PonziScheme
๐ The SEC is playing "hard to get" with Beba and the DeFi Education Fund (DEF) over a lawsuit concerning Beba's token airdrop. Beba, fearing the SEC might label their tokens as securities, filed a suit for clarification. But the SEC, with a smirk, says the suit is "premature and based on a phantom policy." ๐คทโโ๏ธ They argue no such policy exists and there's no imminent threat to Beba. The SEC, known for its crypto company lawsuits, insists it's immune from such suits unless it willingly gives up the right. What's your take? ๐ง Let's chat below!
๐ Bitcoin Core developers are stepping up their game! ๐ฎ They've launched a new policy to better communicate security bugs. Apparently, we've all been living in a bubble, thinking Bitcoin Core is bug-free. Spoiler alert: it's not! ๐ The new policy will categorize bugs based on severity, from low-impact wallet bugs to critical ones that could threaten the entire network's integrity. The aim? To prevent future bugs and keep the $1.1 trillion locked in the Bitcoin network safe. ๐ฐ What do you think about this move? Let's chat in the comments! ๐จ๏ธ