Arkham data shows Mt. Gox moved 37,400 BTC, worth $2.5 billion, from its main wallet to a new wallet “12Gws9E,” and another $300 million to an existing cold wallet. It then moved another $300 million to wallet “1MzhW,” of which $130 million was sent to crypto exchange Bitstamp. BTC prices remained steady. Original
Day: July 24, 2024
Ethereum ETFs Launch About To Kickstart The Altseason?
The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season. Related Reading Ethereum Spot ETFs Are Officially Live On Monday, the US Securities and Exchange Commission (SEC) gave the final nod to Ethereum spot ETFs, setting the launch date for Tuesday, July 23. After the approval, investors raised the alarm following some online reports. Per Whale…
US Vice President Kamala Harris Reportedly Mulling Bitcoin 2024 Conference Appearance
Kamala Harris, Vice President of the U.S. and favorite to be nominated as a Democratic candidate for the presidency, is mulling making an appearance at the upcoming Bitcoin 2024 Conference where former President Donald Trump will also appear. David Bailey, CEO of BTC Inc., the institution behind the event, stated they were in talks to […] Original
EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets
The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […] Source CryptoX Portal
Analyst Breaks Down Bitcoin Potential for Surge and Setback, Reveals 5 Key Trends
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Bitcoin miner Riot Platforms acquires rival Block Mining for $92.5m
Colorado-based Bitcoin mining company Riot Platforms has acquired its Kentucky-based competitor Block Mining to increase its operational capacity by 16 EH/s. Bitcoin (BTC) miner Riot Platforms has acquired Block Mining, a Kentucky-based crypto mining firm, for $92.5 million to expand its operational resources. The company said in a Jul. 24 press release the deal immediately adds 1 EH/s to its self-mining hashrate “with a potential to add up to a total of 16 EH/s by the end of 2025.” The acquisition includes a $18.5 million cash payment and $74 million…
XRP Whales Go On $84 Million Buying Spree: Rally To Continue?
On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently. The on-chain indicator of relevance here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the total amount of tokens a given wallet group holds. The addresses or investors…
Tron Price (TRX) Targets New Gains: Is Another Increase Coming?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Ethereum ETF inflows could surpass $20b
Investors’ eyes are fixed on spot Ethereum ETFs and how products could perform in the opening months after Bitcoin funds were hugely successful. On Tuesday, the first nine U.S. spot Ethereum (ETH) ETFs opened for trading on national exchanges following the Securities and Exchange Commission’s (SEC) final greenlight. Wall Street players and retail investors can now access exposure to crypto’s second-largest decentralized token, ETH, via a regulated institutional wrapper. According to Bloomberg’s James Seyffart, the funds debuted with nearly $10.3 billion in assets under management (AUM). Most of that money is…
What Does Kamala Harris' (Presumptive) Nomination Mean for Crypto This Election?
Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States, after President Joe Biden abruptly announced he was withdrawing from the race. With her assent to the top of the party ticket comes questions about how a potential Harris Administration might differ from the Biden Administration’s approach to crypto. Source