Bitcoin Drops as German Government Moves Another $500M of Assets
Wallets linked to the German government still hold some 23,800 bitcoin, according to Arkham Intelligence veri.
Wallets linked to the German government still hold some 23,800 bitcoin, according to Arkham Intelligence veri.
FIL and LINK emerged as top performers, driving the CoinDesk 20 index higher by 3.2%.
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
Auros Ventures aims to make concentrated bets on crypto startups to help them scale with Auros being “power user,” Auros CEO Ben Roth said in an exclusive interview with CoinDesk.
The latest price moves in crypto markets in context for July 8, 2024.
Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said.
CoinShares attributes the inflows to recent price weakness prompted by defunct crypto exchange Mt. Gox initiating preparing to initiate repayments to creditors.
Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls.
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
The absence of an outright majority could hamper the passing of new legislation, including crypto regulations.