Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […] Source: https://news.bitcoin.com/grayscale-ethereum-trust-hits-premium-for-first-time-since-2021/
Month: July 2024
Nigerian Officials Claim Detained Binance Exec Is ‘Fine’ Amid Health Concerns
Nigerian prison officials said Thursday that Tigran Gambaryan, a senior Binance executive being held in the country, has no “serious health condition” and is doing “fine” in detention. Gambaryan’s family had said in a statement earlier in the week that he was “suffering immensely” while in custody amid a legal battle between the prominent crypto exchange and the Nigerian government.…
Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low
BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change. Source: https://cointelegraph.com/news/bitcoin-ichimoku-cloud-btc-price-bounces-4-month-low
Mt Gox Initiates Bitcoin Repayments to Creditors
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price dropped amid these developments and other market activities. Mt. Gox Begins […] Source: https://news.bitcoin.com/mt-gox-initiates-bitcoin-repayments-to-creditors/
How US job market slump could boost Bitcoin prices
Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows. Source: https://cointelegraph.com/news/bitcoin-rise-weak-job-market
NFTs and blockchain bridge Ethiopia’s past and present in new art exhibition
“Ethiopia at the Crossroads” is getting a special blockchain boost for its final stint at the Toledo Museum of Art as part of the Ethiopian family art collective’s residency with the museum. Source: https://cointelegraph.com/news/nfts-blockchain-ethiopia-art-exhibition
Germany’s BTC Wallet Sees Inflows, Mt Gox Moves Billions, US Gov Transfers $13.6M Unnoticed
Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with transactions involving large bitcoin wallets like those of the German […] Source: https://news.bitcoin.com/germanys-btc-wallet-sees-inflows-mt-gox-moves-billions-us-gov-transfers-13-6m-unnoticed/
German Politician Critcizes the Government’s Bitcoin Sell-Off Strategy
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A pro-Bitcoin member of the German Bundestag, Joana Cotar, has publicly criticized the government’s decision to sell off its substantial BTC holdings. Cotar’s stance comes in…
As Meta’s Threads celebrates first anniversary, will it now become a challenger to X?
Despite Threads hitting 175 million monthly active users, it’s still too early to say whether it could become another X one day. Source: https://cointelegraph.com/news/threads-first-anniversary-meta-one-year
Notcoin Drops 14% as Fresh Start Shows Signs of Unraveling
Clicker game Notcoin has seen its token fall 14% today amid a broader market rout. What’s more, its teased fresh start seems to have left fans confused on where the project is heading. Last week, a cryptic message in the Telegram chat pointed to a “fresh start” for the project hinting at a possible collaboration with The Open Network (TON)…