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Justin Sun Clarifies Bitcoin (BTC) Investment Rumors Amid Speculation in Crypto Community TRON (TRX) founder and Huobi chief advisor Justin Sun publicly responded to the latest allegations regarding #Bitcoin investments. Using his social media channels, he debunked reports claiming that he had taken a long position in Bitcoin at $69,000. This statement corresponded to a tweet from CryptoQuant CEO Ki Young Ju, which suggested that Sun initiated a large Bitcoin position using stUSDT as collateral. In Ki Young Ju's tweet, it was stated that Sun had a Bitcoin long position of approximately $ 67,000, and these positions were supported by at least $ 420 million collateral. Young Ju highlighted the role played by high-yield stablecoin stUSDT in this transaction, raising questions about the legitimacy and source of these assets. This tweet prompted Sun to publicly respond to these speculations. Although Sun has denied Bitcoin investment allegations, he has remained silent on separate reports of significant Ethereum purchases. According to Spot On Chain, Sun may have accumulated 362,751 #ETH , equivalent to approximately $1.11 billion, through various wallets as of February 8. This disclosure highlights Sun's active role in cryptocurrency markets and his broad investment strategies beyond Bitcoin. The story is not limited to #Bitcoin . Sun's allegations of involvement in significant Ethereum purchases point to a diversified investment approach in the crypto space. Detailed blockchain data from reliable sources such as Spot On Chain points to a series of transactions that raised a significant amount of ETH, further cementing Sun's influence and strategic foresight in the crypto market. These actions reveal multifaceted tactics that highlight how high-profile investors are leveraging various digital assets.
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Satoshi-Era Bitcoin Wallet Turns Its 400,179 Percent Profit Into This Trending Altcoin: Not Shiba Inu or Dogecoin. The Satoshi-era Bitcoin whale reportedly made a significant profit of 400,179% on his Bitcoin (Bitcoin) holdings. The Satoshi-era wallet, which has resurfaced after being dormant for nearly 13 years, has become a trending topic in the crypto space. Following its massive success, the anonymous Satoshi-era Bitcoin whale invested a significant portion of his profits into this trending altcoin: ETFSwap (ETFS). ETFSwap (ETFS) is a new Ethereum-based altcoin that is performing exceptionally well in the crypto market. Read on to learn more. In a post published on the This price represents a staggering gain of 400.179%, a figure rarely seen in any investment market. This development, which has been trending on many social media platforms, has since caused a lot of mixed reactions. Some enthusiasts believe that Bitcoin wallets are being hacked, as these cases are becoming more and more frequent. Others think that these investors only remember the opening sentences. But whatever the case, this is an astounding return on investment. Following this notable gain, the Satoshi-era Bitcoin whale invested heavily in disruptive presale ETFSwap (ETFS) in an attempt to make even better profits. ETFSwap (ETFS) outperforms other popular altcoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) due to its viability, dynamic characteristics, and relative resistance to market fluctuations.
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Cryptocurrency market overview | 12 July 🔴 Market cap: $2.11 trillion (-1.41%) 🔴 BTC dominance: 53.44% (-0.08%) ⚡️ Fear and Greed Index: 40 (fear) 💫Compound (COMP) Jayson Hobby announced his resignation and launched a new DeFi protocol, Legendı, with Compound CTO Geoffery Hayes and Compound Vice President of Products Mykel Pereira. 🇺🇸US Producer Price Index (PPI) will be announced today at 15:30. •Expectation: 0.1% •Previous: -0.2% 💫According to data, the amount of crypto money stolen through hacking increased by 110% in the first half of 2024 compared to 2023. 🇺🇸US Monthly Producer Price Index (PPI) announced: •Disclosed: 0.2% •Expectation: 0.1% •Previous: -0.2% 🚨US Stock Exchanges Opened. S&P500: +0.22% Nasdaq: +0.16% Dow Jones: +0.10%
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BlackRock's IBIT Leads with $72.09 Million Raise, Spot Bitcoin ETFs See Strong Inflows. BlackRock's IBIT ETF leads the way with a massive net inflow of $72.09 million. This strong performance reinforces investor confidence. It also shows the growing popularity of this ETF and its status as a major player in the cryptocurrency investment space, with a trading volume of $725.61 million on Wednesday. Fidelity's FBTC ETF recorded significant inflows of $32.69 million, signaling strong investor interest. Bitwise's spot Bitcoin fund added $7.53 million in net inflows, reflecting the growing adoption and interest in Bitcoin-related investment vehicles. These inflows demonstrate the confidence institutional and individual investors have in digital assets. Other notable contributions include ETFs from Ark Invest and 21Shares; In total, they generated additional inflows of $4.31 million. However, not all funds experienced positive inflows. Grayscale's GBTC fund experienced a remarkable net outflow of $37.69 million, indicating that some investors are reshuffling their positions. Six other funds, including VanEck's HODL fund, reported zero net flows on the same day. On July 11, the total trading volume of spot Bitcoin funds in the United States was $1.31 billion. This figure is significantly lower than the $8 billion volume seen in March. Year-to-date, these ETFs have accumulated a combined net inflow of $15.5 billion, indicating a steady growth trend despite recent trading volume fluctuations. Continued inflows, especially from major players such as BlackRock and Fidelity, underscore a positive outlook. Although some funds such as GBTC have experienced outflows, the general trend shows that interest and confidence in Bitcoin as an investment asset continues. As the market evolves, these ETFs will play a more important role in both individual and institutional portfolios, enabling wider adoption of cryptocurrencies.
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These 5 altcoins are resisting Bitcoin (BTC)! 1- Ripple (XRP) #XRP , which increased by 5 percent in the last 24 hours, ranked first on the list. The major coin, which experienced a lesser decline compared to other altcoins, attracted attention with its rapid recovery. XRP investors seem hopeful that the upward momentum will continue. 2- Tron (TRX) #TRX , which is currently standing strong despite the market's retreat, has increased by 4.80 percent in the last 24 hours. TRX, which increased its price despite the decrease in network activities, almost winked at the bull season. With the activation of the TRC-20 network, TRX price may continue its rise. 3- Stellar (XLM) #XLM , which came to the fore with the acceleration of XRP, increased by 4.10 percent in the last 24 hours. XLM, which draws a price structure in correlation with XRP, came on the scene after a long time. As long as the rise in XRP continues, expectations from XLM may increase. 4- Maker (MKR) #MKR📈 , known for its price movements opposite to Bitcoin, did not surprise this time either. Despite testing BTC's support level, MKR turned its course upward and experienced a 3.80 percent increase in the last 24 hours. Short-term price movements of BTC may be decisive for MKR. 5- Cardano (ADA) #ADA , which did not have a very effective rise season, became a safe haven in the downturns. The major coin, which remains weaker than most other altcoins, ranked fifth on the list with an increase of 2.90 percent in the last 24 hours.
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