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Mt.Gox has moved over 44,500 BTC worth over $2.8 billion to an internal wallet. The price of BTC fell slightly after the transfer, retreating to around $62,835. On-chain data shows a wallet linked to Mt. Gox has just moved more than $2.8 billion worth of Bitcoin. The huge transfer comes as Bitcoin price looks to hold gains seen since last weekend’s attempted assassination of Donald Trump. Mt.Gox transfers over $2.8 billion in BTC On Tuesday, Lookonchain shared details of a large BTC transfer. Citing data tracked by blockchain analytics firm Arkham, the platform said the transfer originated from the wallet of defunct crypto exchange Mt. Gox. The said Mt. Gox wallet moved over 44,500 BTC worth over $2.84 billion, with this going to an internal wallet. Market anticipation is that the exchange’s trustee could be preparing for a repayment round following an announcement in late May. Mt. Gox moved 47,000 bitcoins last month ahead of the expected ...

Binance Labs invests in BounceBit for Bitcoin restaking and CeDeFi innovations. BounceBit integrates CeFi and DeFi empowering BTC beyond traditional value storage. BounceBit’s dual-token system enhances security, transparency, and network utility for Bitcoin. In a strategic move aimed at expanding the utility of Bitcoin, Binance Labs, the venture capital and incubation arm of Binance, has announced its investment in BounceBit. This collaboration signals a significant step towards redefining Bitcoin’s role beyond traditional storage, leveraging innovative approaches like Bitcoin restaking and CeDeFi protocols. BounceBit empowering Bitcoin with CeDeFi integration BounceBit emerges as a groundbreaking initiative, spearheading the evolution of Bitcoin’s role in the digital ecosystem. It introduces pioneering concepts such as Bitcoin restaking and the fusion of centralized finance (CeFi) and decentralized finance (DeFi) principles. At its c...

Bitcoin ETF has become a reality with the SEC approving its listing on major exchanges in the United States. NuggetRush is the latest crypto sensation that has raised more than $1.8 million from eager investors. As 2024 progresses, both NuggetRush and Bitcoin are expected to perform well this year. The United States on 10 Jan 2024 decided to include Bitcoin in major investment funds by approving 11 Bitcoin exchange-traded funds (ETFs). By doing this, the SEC has allowed Bitcoin to be bought by a wide range of investors, from big pension funds to regular people. Cryptocurrency fans are thrilled with this decision because Bitcoin is the best crypto invest ment to date. The US financial authority had previously turned down such requests, worried about the possibility of fraud and market manipulation. However, they have now given their nod and it’s finally going to be launched soon. Meanwhile, another development that has been the talk of the town is t...

The recent regulatory green light for 11 Bitcoin spot exchange-traded funds (ETFs) has triggered fierce competition among asset management giants. Mike Novogratz, CEO of Galaxy Digital, anticipates a showdown between Invesco, Fidelity, and BlackRock, whose IBIT traded $7.5M shares in the first 10 minutes of the launch Amidst this crypto turbulence, Everlodge, a disruptor in fractional vacation home ownership , is making waves with its ongoing ELDG token presale. Bitcoin ETF war unleashed The approval of 11 Bitcoin spot ETFs has set the stage for a high-stakes battle among industry behemoths. According to Mike Novogratz, a prominent figure in the crypto sphere, the ETF landscape is becoming a hotbed of competition. In a recent CNBC interview, Novogratz highlighted that success in this emerging market depends on execution, liquidity, and hidden fees, rather than just focusing on expense ratios. Novogratz’s insights stem from his experience, as Galaxy...

  Bitcoin price remains at a risk of a sharp decline to USD 18,800. Ethereum is trading below USD 1,100, XRP is testing the USD 0.320 support. SOL and BNB are accelerating losses, DOGE is in the green. Bitcoin price followed a bearish path below the USD 21,000 level. BTC extended losses and settled below the USD 20,500 level. It is currently (04:09 UTC) consolidating near USD 20,100 and is down 1% in a day and is almost unchanged in a week. Similarly, most major altcoins are trading in a bearish zone. ETH traded below the USD 1,120 and USD 1,100 support levels. XRP tested the key USD 0.32 support. ADA also tested the key USD 0.455 support zone. Total market capitalization Source: tradingview.com Bitcoin price After a close below USD 20,500, bitcoin price extended losses and traded below the USD 20,000 support zone. However, losses were limited and the price is now consolidating above USD 20,000, with an immediate resistance near the USD 20,350 level. The next ...

Source: Adobe/Deacon docs   Annual inflation in the US hit 9.1% in June, or more than what analysts had expected, and up from 8.6% in May. (This is a developing story and is being constantly updated). In a month, prices jumped 1.3%, also more than expected. The so-called annual Core-CPI (consumer price index) – which excludes prices of food and energy - stood at 5.9%. According to a Bloomberg estimate, the headline inflation number for June was expected to come in at 8.8% annually, while the so-called Core-CPI (consumer price index) – which excludes prices of food and energy &ndash ; was expected to be 5.7%, down from 6% one month earlier. The number was estimated to come in high after White House spokesperson Karine Jean-Pierre during a press conference on Monday said she expects inflation to be “highly elevated.” At the same time, the White House took the opportunity to downplay the importance of the number, saying it is “b...

According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets to exchanges, said “selling is at a three-year low”. “It is a potential indication that miners are now either already transitioned or in the process of transitioning to a source of buying pressure,” the analysts continued, before adding that miners might be “hodling their bitcoin because they anticipate further (price) rises”. When Bitcoin miners move their BTC to exchanges, it is generally assumed they are doing this in order to sell them eventually. So lower Miner to Exchange flows can be viewed as a proxy for lower Bitcoin miner BTC sales. Bitcoin miners are tasked with providing the computing oomph to power Bitcoin’s decentralize...

Total assets under management (AUM) for digital asset investment products surged a whopping 36.8% to $19.7 billion in January, its highest level since May 2022, CryptoCompare said in its latest monthly Digital Asset Management review report. According to the crypto intelligence firm, “bullish sentiment was driven by liquidated short positions and a favorable macro environment, reflected in the most recent CPI announcement, which saw Bitcoin's price reach $23,000; its highest level since August 2022”. However, CryptoCompare noted that AUM is still 38.7% below its level in January 2022 “due to a difficult year for Bitcoin, the wider cryptocurrency market, and traditional assets”. It is widely agreed amongst analysts that the main trigger of 2022’s risk asset and crypto bear markets was a surprisingly aggressive hawkish shift in the policy stance of the US Federal Reserve and other major central banks in order to clamp down on a stronger-th...

Source: Leungchopan/Adobe A top researcher in Japan has predicted that crypto selloffs could gather speed if bitcoin (BTC) is unable to hold at the $17,000 mark for a significant period of time. The claim was made by Yuya Hasegawa, a market analyst at the Japanese crypto exchange bitbank, and reported by the Japanese media outlet CoinPost. Hasegawa noted that “fortunately” for crypto holders, the market has not collapsed “significantly” – despite recent pressures. But, Hasegawa pointed out, if prices “fail to hold at the $17,000 level, selling may accelerate in the short term.”   Three-month trading volumes at bitFlyer, Japan’s market-leading crypto exchange. (Source: CoinGecko) The analyst pointed out that monetary policy-related moves in Europe and particularly the United States have had a direct effect on crypto prices. Hasegawa added that BTC markets have shifted downward as an apparent direct response to risi...