The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over 2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s $BTC liquidation, $TRX founder Justin Sun has offered to purchase the remaining bitcoin off-market from the German government to minimize any price impact on the cryptocurrency.
In response to the German government’s bitcoin sales, Tron founder Justin Sun announced on Thursday that he is prepared to purchase the remaining BTC off-market. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market,” Sun wrote on X.
What are your thoughts on the German government’s bitcoin sales and Justin Sun’s offer to purchase the remaining BTC? Let us know in the comments section below.
LFG I am not afraid, i have waited 4+ years and I can easily wait more hahaha
Don't panic, the world's financial system is changing and btc is being adopted everywhere.
Important points to remember.
BTC ETF is approved. ETH ETF already filed. SOL ETF rumours are already out.
What do you understand by ETF ? Just understand this way at the end of every month a fixed amount by millions of investors will be invested into the asset.
There you go never panic in the market and always trade futures and options with a stop loss.
Shivon Zilis, the mother of Elon Musk’s new baby, has an Indian connection.
Tesla CEO Elon Musk has confirmed the birth of his twelfth child, a baby born earlier this year with Shivon Zilis, an executive at his brain implant company Neuralink.
Media reports brought the news to light, but Musk clarified to Page Six that the birth was never intended to be a secret. “Everyone close to us knows,” he stated, emphasising that a lack of formal announcement doesn’t equate to secrecy.
The baby’s name and sex haven’t been revealed publicly. This marks Musk’s third child with Zilis, adding to his already large family.
In November 2021, Musk and Zilis welcomed twins, Strider and Azure. This was just a month before Musk and singer Grimes welcomed their daughter Exa Dark Siderael via surrogacy. Grimes shares three children with Musk, and recently requested privacy for their family in a lengthy social media post. This came amidst media attention surrounding their co-parenting dynamic and the news of Musk’s additional child with Zilis, a son named Techno, born shortly after the twins.
Zilis’ association with Musk likely began through their shared interest in artificial intelligence. She served on the board of OpenAI, a non-profit research company dedicated to friendly artificial intelligence, until 2023. Musk co-founded OpenAI in 2015.
While the specific details of Zilis and Musk’s relationship remain private, court documents revealed that they welcomed twins together in November 2021. This news only came to light in July 2022, highlighting the couple’s desire for privacy.
In June 2024, reports surfaced indicating that Zilis had given birth to their third child, further expanding Musk’s already large family.
Elon musk is a hard-core follower of $DOGE and his company holds a big chunk of $BTC .
Will MicroStrategy Be a Trillion-Dollar Stock by 2030?
The software maker is becoming an all-in bet on the $BTC future.
MicroStrategy (MSTR 5.47%) went through a dramatic transformation over the past four years. Up until 2020, it was a slow-growth analytics software maker that seemed to be losing ground to its nimbler cloud-based competitors. But that year, its co-founder and then-CEO Michael Saylor directed the company to make its first USD 250 million purchase of Bitcoin (CRYPTO: BTC). By the end of April 2024, its Bitcoin holdings had swelled to USD 7.54 billion, which equals roughly a quarter of MicroStrategy's enterprise value of USD 30 billion.
MicroStrategy's massive Bitcoin holdings overshadowed the sluggish growth of its software business, but can it keep growing and become a trillion-dollar stock by 2030?
MicroStrategy's valuation is tethered to Bitcoin's future
MicroStrategy's revenue only increased at a compound annual growth rate (CAGR) of 1% from 2020 to 2023. Like many older enterprise software companies, its core business of on-premise software is struggling to keep pace with cloud-based analytics specialists like Salesforce, integrated analytics tools in cloud infrastructure platforms like Amazon Web Services (AWS) and Microsoft Azure, and niche mobile business intelligence companies like Domo.
$LTC is the coin massively supported by the CEO Michael saylor after #Bitcoin❗
It's easy to understand the Market when you have been here for a while.
I invested in this #memecycle when everyone was scared of the crypto market and you can see how boring the bottom left corner was.
You know what it took?
1. Patience to understand what's the trend. 2. Hope that one day it will go up. 3. Believe that what you are doing is correct.
There will be huge waves which will try to Eliminate your 2 and 3 points, but you need to be strong and of course have a stop loss if you are betting big.
It's not advisable to trade without a stop loss.
The current price range is again hitting the support.
And you know what,
I am sure that this support is strong, and I am gonna take a position now.
#Binance Backed CoralApp Set to Launch Flagship Smartphone Powered by AI, Web3
Through its Web3-centric smartphone, CoralApp aims to push technologies like DeFi, GameFi, and SocialFi to the masses. Advertisement
HIGHLIGHTS
* The release date of Coral Phone is undisclosed * The first 2,000 early bird devices will be priced at 1500 USDT * CoralApp is letting users pre-register for these devices
CoralApp, an AI-focussed project backed by Binance, is gearing up to enter the hypercompetitive smartphone market in the coming days. The company has conceptualised a smartphone, dubbed the Coral Phone, packed with Web3 and AI capabilities. While the device will support traditional smartphone functions and apps, it will also be able to work seamlessly with decentralised applications (dApps), decentralised finance (DeFi), and decentralised physical infrastructure networks (DePINs).
Coral Phone offers a comprehensive suite of features enabling users to explore, interact, and thrive in the decentralized digital landscape. From seamless multi-chain cryptocurrency management to native on-chain gaming, Coral Phone isn't just a smartphone — it's your portal to a new decentralised digital era, the website explained.
The company has teamed up with Acurast, a decentralised serverless cloud, to combine Web3 and cloud computing technologies for the Coral Phone.
$ETH and $BTC Etf's must be claimed this way because it's our right to do whatever we want who the hell are these people from the government to stop us?
#Binance cleared to operate in India, subject to a 2.25-million-USD fine and compliance.
Binance, the world’s largest cryptocurrency exchange, received a notice on Wednesday from India’s Financial Intelligence Unit (FIU-IND), which fined it 2.25 million USD ( ₹18.8 crore) for operating without complying with domestic anti-money-laundering regulations before December 2023. This means the exchange has now been cleared to operate in India, provided it pays the fine and complies with regulations.
In its notice, FIU-IND said it imposed the fine due to Binance’s ongoing provision of services to Indian clients and operations within India, without adhering to its statutory obligations under the Prevention of Money Laundering Act (PMLA), 2002. The company was issued a notice under Section 13 of the PMLA on 28 December 2023.
The notice, a copy of which Mint has seen, added, Specific directions have been issued to Binance to ensure diligent compliance with the obligations outlined in Chapter IV of PMLA. Entities that represented Binance before FIU-IND included its facilities in the Seychelles, Cayman Islands and Switzerland.
On 10 May, Binance and fellow cryptocurrency exchange Kucoin were set to be cleared to operate in India after being suspended by FIU-IND in December.
The best decentralised coins you can invest in IMO are:
1. $CAKE 2. $UNI 3. $LINK
What is Decentralisation ?
Decentralised refers to the distribution or delegation of authority, functions, and responsibilities away from a central location or governing body.
In a decentralized system, decision-making and control are spread across multiple nodes or entities rather than being concentrated in a single point.
In Technology Systems like blockchain and peer-to-peer networks where data and control are distributed across multiple nodes instead of being managed by a central server.
Decentralization aims to enhance efficiency, resilience, and autonomy by reducing reliance on a single point of control.