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German Government Bitcoin Holdings Drop to $887 Million in Recent Selloff.
The German government continued their massive Bitcoin selloff on July 10, 2024, sending nearly 8,853 Bitcoins out of government wallets.
According to data from Arkham Intelligence, this reduces Germany's Bitcoin holdings to 15,110 BTC which is now worth around $887 million.
On the same day, the German government began selling large amounts of Bitcoin, sending them to various crypto exchanges and other wallets.
Data from Arkham Intelligence shows that the German government moved 1,250 BTC to popular crypto exchanges Kraken and Coinbase.
Additionally, they also moved 536,108 BTC to Cumberland DRW, 4,127,281 BTC to Flow Traders, 2,000 BTC to the alleged group B2C2, and 690 BTC to an unknown address.
This massive selling action by the German government has caused BTC prices to fall to their lowest level in four months earlier this week.
However, after the latest sell-off by the German government, Bitcoin price managed to hold its ground and is currently trading up 1.49% at $58,542 with a market capitalization of $1.115 trillion.
Market Response and Institutional Initiatives
Heavy selling and movement of assets to exchanges may dampen market sentiment, but some argue that the price drops are excessive. This sentiment was supported by increased inflows into the spot BTC ETF.
XRP price could break out as open interest increases
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Despite the potential for a breakthrough, the price of XRP remains tied to developments in lawsuits between the SEC and Ripple.
Investors are increasingly betting on a breakthrough in the price of the XRP token. Could XRP be ready to see more upside momentum?
Traders are increasingly betting on an increase in the price of XRP
More traders are betting on an increase in the price of XRP ( 0.49), as reflected by a spike in open interest (OI), according to market analysis by verified CryptoQuant writer Woominkyu.
He wrote in a June 18 research report :
“This trend shows that when open interest increases along with price, investors open more positions in the expectation of an increase in the price of XRP. This increased interest suggests that more trading activity is occurring with XRP.” $XRP
This week there are two protocols that will perform token unlocking, namely Aptos (APT) and StarkNet (STRK). APT will unlock 11.3 million tokens or around 2.58% of total circulation on June 12, 2024. This amount is equivalent to $96 million that will be unlocked for investors and the Aptos team.
Meanwhile, STRK will unlock 64 million tokens or around 4.92% of the total circulation on June 15 2024. With STRK's current valuation, namely $1.14, the token unlock is equivalent to $72.96 million.
The additional supply of tokens could trigger volatility in APT and STRK prices in the short term. Moreover, the tokens are released to the development team and investors who can immediately sell the tokens. However, if it turns out that the emerging demand can compensate or the selling pressure is not significant, it could be that APT and STRK prices will stagnate or strengthen slightly.
Whatever the type of token, if you cannot analyze it correctly then be prepared that you will face real losses, otherwise you will become a billionaire.
Before 2021, many people did not know that Shiba Inu existed. But the breakout that same year not only brought the project into the limelight, it also made many people millionaires. However, SHIB has slowed down in doing that over the past three years, and project developers are trying to move it away from being just a meme coin.
Despite this, the Shiba Inu community continues to grow stronger. Thus, there are predictions that the token will perform well again. In this piece, Coin Edition looks at the potential of SHIB and its price predictions for 2024 to 2030. Shiba Inu (SHIB) Price Analysis
SHIB has failed to impress for most of the period since falling from its all-time high. However, the development activities taken by the team revealed that it could be targeting something better. If this is the case, the token price may attempt to climb higher than its all-time high. But is this possible? Coin Edition looks at price predictions from 2024 to 2030.
Shiba Inu (SHIB) Price Analysis – Bollinger Bands
On the 4-hour chart, Bollinger Bands (BB) have started to develop, meaning that SHIB could be gearing up for significant price fluctuations. Also, BB's lower band has touched SHIB at $0.000022, indicating that the token is oversold. Shiba Inu (SHIB) Price Analysis
DISCLAIMER:
The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments involve a high degree of risk, and market conditions can change quickly. This article is not a recommendation or endorsement of #Binance
$LUNC Will the price of LUCC skyrocket after Terra Luna Classic Core Developer Submits a Big Proposal?
Terra Luna Classic developer Genuine Labs is proposing to become the official core developer of the#TerraClassicchain. The development group believed that the chain needed a team to review code, merge PRs, and maintain and this became important after JL1TF was disbanded.
While the community appreciates the development team's efforts, some popular members have raised concerns about the team's communication and availability issues. Native Labs Proposes To Manage Terra Luna Classic Repository
Genuine Labs, a team of three developers, submitted a proposal to become the management team of the classic/core terra repository. The core repository is currently maintained by different communities and developer groups.
“Since the JL1TF team was disbanded, the need for a team to help with code reviews, PR merges, and chain maintenance has become increasingly important,” said a senior developer known as the ‘expert’.
Shiba Inu (SHIB) is a meme token that started as a joke currency and has now transformed into a decentralized ecosystem. At its initial launch, 50% of its supply was allocated to Vitalik Buterin's Ethereum wallet.
Therefore, Vitalik went on to donate 10% of the SHIB he saved to efforts to deal with COVID-19 in India and the remaining 40% was burned forever. The donation was worth $1 at that time, which made it one of the largest donations ever in the world.
What is the Shiba Inu community doing right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a rare supply token used to offer incentives on Shibaswap. BONE is a governance token for winners to vote on proposals in Doggy DAO.
In recent years, Bitcoin.com News has released a series of articles entitled the Satoshi “Many Facts” series. These articles present various pieces of evidence, pointing to the possible identity of Bitcoin's mysterious creator, Satoshi Nakamoto.
Among the individuals included on the list are Paul Le Roux, Sergey Nazarov, Dorian Nakamoto, and Hal Finney, among others.
Additionally, the series has also featured stories contemplating the possibility that the inventor of Bitcoin may never appear again.
Although most of this article highlights individual figures, there is strong evidence to suggest that Satoshi Nakamoto may not have been a single entity, but rather a collective.
Early evidence pointing to the Satoshis as a collective rather than an individual is the use of “we” in the Bitcoin whitepaper.
Conspicuously, Nakamoto uses both “we” and “I,” hinting at the possibility of a team operating under a single pseudonym. Other evidence of the whitepaper includes its perfect English text.
Is it possible that the creator of BTC is not just Satoshi? $BTC #Binance
Voyager Token is a crypto token from cryptocurrency broker Voyager Digital that provides investors with access to crypto asset trading. Voyager was built to serve retail and institutional investors with instant solutions for trading crypto assets.
The broker's native token, Voyager Token (VGX Coin), is used to reward users in the Voyager ecosystem. VGX also attracted interest when hosted on the Voyager app, offering cashback rewards, and other exclusive services to Voyager users.
When you look at the yearly chart, sometimes it looks like a straight rise without reversal but this is not the case, most coins that do this over several days or even weeks can be tracked on the chart. The panic that coins give 25-50% and vice versa is something you need to consider. You just have to set up some selling points and if you sell a little and come back, that's just an additional opportunity to buy back more instead of selling. For me, COS and VGX are still in an uptrend, they are just looking for support to bounce usually higher. I sold 1/4 of VGX at +25% and I waited to see if I called it back with an amount equal to the sale which increased the amount in my wallet and I would set that amount to sell again and wait for the next move. This is real trading
Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. #Binance $VGX
Ethereum's recent bullish surge is slowing, consolidating around $3,770 to $3,900. Despite initial excitement over the ETF's approval, Ethereum's rally has subsided, facing resistance of nearly $4,000. Market indicators show mixed sentiment, indicating potential short-term consolidation. Technical analysis shows major support at $3,770, with neutral momentum reflected in the RSI. Will ETH Touch US$5000 in June 2024.?
Ethereum Price Prediction: Supporting countless projects in decentralized finance and the booming NFT scene, this asset is understandably catching the attention of traders and has a strong presence in the minds of crypto enthusiasts everywhere. $ETH #Binance
The technology behind Arbitrum is optimistic rollups. Rollup is a type of data compression technique in blockchain transactions. This technique involves ‘rolling up’ a collection of transactions into a single transaction. The benefit is that the blockchain only needs to process one transaction i.e. the ‘rolled up’ transaction and does not need to confirm each individual transaction within the rollup. This can save time because the blockchain only needs to confirm one transaction.
Optimistic rollup is a special technique for rolling transactions off-chain. To speed up the process, optimistic rollup assumes that the transactions contained in the rollup are valid.
Arbitrum's optimistic rollup is completed on top of Arbitrum's rollup chain. Arbitrum collects a collection of transactions, settles them on the Arbitrum rollup chain, and then feeds the transaction data back into the Ethereum blockchain.
Arbitrum says that every transaction confirmed through this process is stamped with an “AnyTrust Guarantee“, which is when all validators agree on the validity of the transactions contained in a block. Validators stake ETH before they can confirm transactions; by staking ETH, they are incentivized to act honestly. $ARB