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🧙♂️The German Government transferred 700 BTC worth $40.55 million to a wallet last night. •The government still has 39,826 BTC ($2.31 billion).
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The silence was broken in old Bitcoin wallets: First transaction after 13 years Many Bitcoin wallets, which have been dormant for many years, became active during the week. Among these was a 13-year-old wallet. Finally, today 1004 BTC was released from a 10-year-old wallet. Today, 1004 BTC came out of a wallet where no movement was observed for more than 10 years. The transaction was made at 02.57 at night. Almost all of the assets, worth approximately $57 million, continue to be held in a different wallet from which they were transferred. The wallet owner received these BTCs between November 25, 2013 and March 13, 2014. The average cost per BTC was $735. It is unclear whether the investor, who earned a 7,500 percent return on his Bitcoin investment 10 years ago, made this transaction for sales purposes or for a wallet change. On the other hand, there is a strong possibility that this is an OTC (over-the-counter) transaction. Transactions made from wallets that have been inactive for many years have become more frequent since the beginning of July. On Tuesday, a wallet holding 33 #BTC made its first transaction after 13 years, while on Wednesday, another wallet holding 43 BTC became active after 10 years and 4 months. This activity continued in the following days. On Thursday, a 119 BTC wallet moved for the first time in 12 years and 4 months, and yesterday, a 20 #BTC wallet woke up after 11 years. Bitcoin dropped from 63 thousand dollars to 53 thousand dollars during this period. The number one cryptocurrency is traded at $56,670 as of 13.45 CET.
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HOT NEWS: Ethereum (ETH) Bull Justin Sun Announces Big News! Justin Sun, one of the most important names in the cryptocurrency industry, has recently come to the fore with his investments in the leading altcoin #Ethereum (ETH). Sun, the founder of #Tron (TRX), shared an important announcement today. According to the information received, Justin Sun and his team are developing a solution that allows transfers to be made without the need for the altcoin in that network for the transaction fee in stablecoin transfers. Justin Sun, who recently shared an announcement on the subject on his official X/Twitter account, included the following information: “Our team is developing a new solution that allows gas-free stablecoin transfers. In other words, transfers can now be made without any gas tokens and all fees will be covered by stablecoins. This innovation will first be implemented on the Tron blockchain and will later support all Ethereum and EVM compatible public chains. We expect this service to launch in the 4th quarter of this year. “I believe that similar services will greatly facilitate large companies to deploy stablecoin services on the blockchain and elevate the mass adoption of blockchain to a new level.”
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🧙♂️ The amount of Bitcoin in #Binance exchange reserves increased by more than 23 thousand compared to the previous month and reached 605,636 BTC.
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Government sales are not as big as thought for Bitcoin. Recently, governments have started selling #Bitcoin (BTC) and this has had a negative impact on the cryptocurrency market. BTC, which started its bull run with Spot Bitcoin ETFs, has been going through difficult times in recent weeks. BTC, which reached its all-time high in March, created an environment of fear and panic in July. The German government selling $BTC at regular intervals and Mt Gox's BTC transfers were among the reasons behind the decline. CryptoQuant founder Ki Young Ju stated that governments' BTC selling volumes are a drop of water in the ocean in this bull market. Ki Young Ju commented, “Don't let the government's FUD (market fear and market climate) creation ruin your transactions.” The founder of the crypto data platform stated that $BTC sales by governments are quite low compared to current money inflows. Addressing investors, Ki Young Ju advised investors not to make sudden moves against such agendas. Stating that governments' #BTC sales are exaggerated, Ki Young Ju said, “$224 billion has flowed into this market since 2023. “BTC seized by the state contributes approximately 9 billion dollars to the realized limit,” he commented. The founder of CryptoQuant stated that these sales, which created a panic environment, corresponded to only 4 percent of the cumulative value. BTCs held by Germany and the #USA create concern for crypto investors. According to Arkham's data, Germany holds 41,200 BTC and continues to sell it regularly.
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BNB Drops Below 500 USDT with a 2.12% Decrease in 24 Hours
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