BREAKING: Coinbase to delist USDT and other non-compliant stablecoins in EU. Coinbase will remove stablecoin that don't meet the EU's new Mica regulations by December 30,2024.
Talk about tether depegging have already flooded social media.
ignore the FUD , USDT is a direct competitor Coinbase's very own USDC.
German Govt Buys $142M worth of Bitcoin in 40 Minutes!
Today, the German government transferred:
🔹 15,183.723 $BTC ($925.07M) to Kraken, FlowTraders, Coinbase, Bitstamp, Cumberland, and B2C2Group 🔹 16,038.722 #BTC ($1.033 Billion) to other wallets, including exchanges 🔹 In the last 40 minutes, they bought 2,530 BTC ($142.25M).
Currently TCC is at $2.6 Trillion. There is 1 Day Resistance Zone At $2.12 ~ $2.086 Trillion. There is Insider Bearish Signs in it Also That Mean If It Didn't Flip the Resistance Zone into Support Zone then We Cannot Expect Altcoins to PUMP.
Keep Eye on it to See When Your Altcoins Will PUMP
Which Alt Coin do You Holding Tell in comment Section
Justin Sun Offers To Buy Germany's Remaining $2.3B in Bitcoin to Stabilize Market
Tron founder Justin Sun has proposed purchasing the remaining $2.3 billion worth of Bitcoin seized by the German government. This offer comes amid a series of significant Bitcoin transfers by Germany to exchanges in a bid to offload the cryptocurrency, which have already impacted the market and caused a significant selloff. Earlier today, Germany moved another $75 million worth of Bitcoin to exchanges, causing the market to plunge. This action follows several similar transfers over the past two weeks, amounting to hundreds of millions of dollars in Bitcoin. As of now, Bitcoin's price has dropped to $56,892.53, marking a 5% decline since yesterday and a 7% decrease over the past week.
"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 tweeted on Thursday afternoon. Sun's crypto wallet, as identified by blockchain analytics firm Arkham Intelligence, holds just over $1 billion in funds. Arkham Intelligence reports that one of the five wallets linked to the German BKA has already sold at least $300 million in Bitcoin. This includes transfers of $94 million to Coinbase, $84 million to Kraken, and $91 million to Bitstamp. Additionally, the wallet, which currently holds $2.3 billion in Bitcoin, sent $44 million to Amsterdam-based market maker Flow Traders. #BTC☀
The data that came today about unemployment rate was 4.1% compared to the forcast of 4%. This may sound bad to retail, but this is extremely bullish, as this gives fed another push to cut rates. And rate cuts bring in liquidity to the market. Which in turns brings a super cycles to crypto.
We also have CPI data on 11th of july, which is more important. Until then just watch the show and enjoy.
However if these data points keep coming in the favour of rate cuts, i expect an emergency rate cut of 25 basis point on july 30th, but lets wait and see.
MT GOX Started Repayment in Bitcoin & Bitcoin Cash. The Mt Gox payout has been pegged as a major reason behind bitcoin’s recent bearish performance. Bitcoin’s price to continue its decline as the increased supply of 142,000 BTC into the market would add selling pressure to traders. There Would be Minor PullBacks BUT Don't Get Trapped.