After the German government transferred more than 10,000 bitcoins to exchanges and market makers early Monday morning, German authorities received back about 3,000 of the BTC later that day. According to Arkham Intelligence data, as of 4:15 p.m. ET, Germany had received 2,898 bitcoins (about $163 million), mostly from Coinbase, Kraken, and Bitstamp.According to The Block’s research director, Steven Zheng, exchanges likely sent the bitcoin back to Germany after failing to sell it within their target price range.“Given that some bitcoins were returned from Coinbase to the German government, it can be assumed that these were unsold bitcoins as part…
Author: Crypto Flexs
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Wormhole has introduced native USDT transfers to several major blockchains, including Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche. According to Wormhole’s official blog post, this new feature leverages decentralized exchange (DEX) infrastructure provided by Uniswap v3 and PancakeSwap pools. Native USDT transfer The system leverages Wormhole’s cross-chain capabilities combined with the centralized liquidity pools of PancakeSwap and Uniswap v3. Key features include: Competitive fee rates for USDT transfers. Since gas-free transfers are possible on the destination chain, USDT can be moved even if the asset is not present on the receiving blockchain. A…
FOMO HOUR 153 – Weak WeekendBTC recovers flat after 5% drop. $58-60k is the key area for ‘defensive shorts’. Crypto funds recorded $441m inflows last week. German government transfers 1,000 BTC to sell. Crypto sentiment hits 1-year low. ETH spot premium hits local high. Japanese firm Metaplanet buys $2.5m BTC. More miners expected to merge: TeraWulf CEO. SOL Firedancer bug bounty has begun. GLM transfers $117m of ETH treasury to exchanges. 98% of coins ended the cycle at their peak: Kang. ETH ETF to launch in the next 2 weeks: Geraci. Crypto progress is discouraging: Copeland.
A cryptocurrency investment firm says it is looking to double the impact of digital asset donations to fund election campaigns of crypto-friendly candidates. Tushar Jain, co-founder of Multicoin Capital, revealed on social media platform X that the firm is supporting the Sentinel Action Fund, a conservative political action committee (PAC) that campaigns for crypto-friendly candidates. According to Jain, Multicoin Capital will match up to $1 million in SOL donations to support the super PAC’s efforts. “By building the framework for victory for (Senator candidates) Sam Brown, Dave McCormick, Bernie Moreno, and Tim Sheehy, we are adding four important voices to…
According to Latest details Immunefi, which surfaced, has joined forces with the Ethereum Foundation to launch an “Attackathon.” This collaboration is part of a limited-time code review program aimed at identifying potential vulnerabilities in the Ethereum core protocol. Ethereum Foundation Donates $500,000 Attackathon aims to bring together the best security researchers and developers from around the world to closely examine Ethereum’s technology and security measures. The Ethereum Foundation kicked off the program by donating $500,000 to the reward pool, which will be used to reward participants who discover and report security issues and bugs. Fredrik Svantes, director of protocol security…
A cryptocurrency wallet called “German Government (BKA)” has sold an additional $900 million worth of Bitcoin, raising concerns that the associated selling pressure could push the BTC price lower. According to on-chain data from Arkham Intelligence, a wallet associated with the German government transferred a total of approximately 16,309 Bitcoin (BTC) in multiple transactions to multiple external addresses on July 8. This represents the largest single-day Bitcoin liquidation. Some of the transfers were made to cryptocurrency exchanges Bitstamp, Coinbase, and Kraken, as well as market makers Flow Traders and Cumberland DRW.One of the largest trades saw 3,500 BTC sent to…
Valora Launches “Mobile Stack” to Enable Mobile-First Web3 DApp Development on iOS and Android The mobile stack aims to improve UX and accessibility in the Web3 ecosystem. Initial apps launching on the Mobile Stack include “Troopo” and “ChatGPT Data DAO.” Peer-to-peer payments company Valora has launched “Mobile Stack,” a groundbreaking decentralized, permissionless, open protocol launchpad for Web3 decentralized applications (DApps) on iOS and Android. Mobile Stack aims to extend Valora’s Web3 reach beyond its current crypto native audience. It bridges the gap in mobile native experiences within the Web3 ecosystem by providing a user-friendly platform designed to simplify mobile-first DApp…
Company • July 8, 2024 5:15 PM EDT Posted 1 minute earlier In ~ Exchange Cboe BZX has filed a form with VanEck and 21Shares for a Solana exchange-traded fund (ETF), as both firms look to launch the first of their kind.Cboe BZX filed Form 19b-4s on Monday. 21Shares Core Solana ETF and VanEck Solana Trust. This form is a request submitted to the U.S. Securities and Exchange Commission to notify the agency of a proposed rule change. This form is part of the process of obtaining agency approval for a crypto ETF.The exchange compared the product to the spot…
XRP trading volume has increased slightly over the last 24 hours. There has been a fight between sellers and buyers recently. As Ripple (XRP) struggled earlier this week, there was a noticeable shift in market sentiment, with more traders taking short positions on XRP. This change is reflected in one of XRP’s key derivatives indicators, which suggests increased bearish sentiment among traders. XRP’s mood changes AMBCrypto analyzed Ripple funding rates on Coinglass, reflecting significant changes in market dynamics. XRP’s weighted funding rate, which was around 0.0097% on July 7, has dropped noticeably, dropping below 0 throughout the day and stabilizing…
Chainalysis, a leading blockchain data platform, announced the appointment of Emmanuel Marot as its new Vice President of Products. According to Chainalysis, Marot joins the company amidst the rapidly evolving cryptocurrency ecosystem, and his expertise is expected to drive innovative solutions for both public and private sector clients. Extensive experience in technology and innovation Emmanuel Marot brings a wealth of experience to Chainalysis, with 30 years of experience in technology product development across Europe and the US. Most recently, Marot led product management in Google’s Search organization, focusing on generative AI for travel and local…