🇩🇪 The German government rapidly sold its Bitcoin holdings across five different crypto exchanges to maximize liquidity and cash out quickly, according to Arkham CEO Miguel Moreno.
This strategy aimed to minimize market impact but pressured Bitcoin's price, which only recovered after the government exhausted its Bitcoin supply.
Ripple has sold its 40% stake in Malaysian payments company Tranglo. Despite the sale, Tranglo will continue to use the XRP token and the On-Demand Liquidity (ODL) service for international transactions, remaining an official user of Ripple Payments.
Looks like Ripple has decided to clean up its crypto field a bit. Who's next? 🤔
🇩🇪 The Dresden Prosecutor's Office has made it official: the emergency sale of nearly 50,000 Bitcoins brought agencies an "unprecedented" amount of $2.88 billion.
The office added in the statement that the price of Bitcoin and market conditions were irrelevant in its decision, with the goal being to complete the sale “as quickly as possible.”
The funds will be kept until the end of the criminal proceedings initiated against the German and Polish nationals from whom they were seized.
“The bank was tasked with selling bitcoins in a fair and market-friendly manner.”
💬🪙 Bitwise CIO Matt Hougan predicts that inflows into the Ethereum spot ETF will push the price of ETH to all-time highs above $5,000.
"But by the end of the year, I'm confident the new highs will be reached. And if flows are larger than many market commentators expect, the price could be much higher still."
💬 Mt.Gox FUD is “overrated” according to CryptoQuant analyst and CEO Ki Young Ju.
He believes that bitcoin whales will continue to accumulate more Bitcoin.
“Since 2023, $224 billion worth of#Bitcoinhas been sold, while the price has increased by 350%.”
“Even if the $3 billion of Mt. Gox is sold on Kraken, that only represents 1% of the capitalization increase realized in this bull cycle – manageable liquidity.”
🔹 Experts predict that Ethereum spot ETFs will be launched into the market on July 23, 2024. This event, highly anticipated by many investors, could have a significant impact on the liquidity and price stability of Ethereum, providing investors with new opportunities to invest in cryptocurrency via traditional financial instruments.
📈 XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they’ve been observing on the price chart.
⚡️⚡️⚡️⚡️⚡️⚡️ Trump says he wants the United States to take control of cryptocurrencies before China!!
BULLISH 🔥🔥
➡️ In a recent interview, Donald Trump said that the country should take the lead on cryptocurrency before China.
Donald Trump said he supports the cryptocurrency industry because it is good for the country, and that the United States should lead the global cryptocurrency race before China or any other country , according to a Bloomberg report published Tuesday.
“If I put it aside, it will be taken up in another country, most likely China – they are quite advanced in this area,” Trump said in the interview with Bloomberg. #CryptoStrategy
The image shows 24-hour and weekly trading volume data for various cryptocurrency platforms and futures.
Binance Futures leads with $71.35 billion in 24-hour trading and $188.42 billion in weekly trading, growing 50.89%. OKX Futures is in second position with $32.34 billion in 24-hour trading and $83.36 billion in weekly trading, showing a growth of 56.48%.
Poloniex Futures is in third position with $29.75 billion in 24-hour trading and $119.01 billion in weekly trading. Bybit (Futures) shows $26.60 billion in 24-hour trading and $69.90 billion in weekly trading, growing 52.39%.
Binance posts $17.92 billion in 24-hour trading and $46.98 billion in weekly trading. MEXC Futures shows $5.98 billion in 24-hour trading and $16.55 billion in weekly trading, growing 49.47%.
The cryptocurrency market is booming, and among the rising stars, Toncoin (TON) particularly shines. Used on the Telegram platform, Toncoin has recently shown signs of a dramatic recovery, attracting the attention of investors across the world.
💰 Larry Fink, CEO of BlackRock, spoke about Bitcoin, during a live broadcast, making promising comments that caught the attention of crypto media and enthusiasts /bitcoinsistemi
Experts predict that Ethereum ETFs on the spot market will launch on July 23. This initiative could have a significant impact on the cryptocurrency market and attract new investors, providing additional liquidity and strengthening trust in Ethereum.
Looks like Ethereum is going to celebrate its own market birthday soon! 🎉
💰 Ripple's native cryptocurrency XRP surged over 18.8% this week, reclaiming the crucial resistance level of $0.52, sparking speculation among community members.
👉Is the long legal battle between Ripple and the SEC finally coming to a conclusion?