The Royal Government of Bhutan sold 512.84 $BTC worth $59.47 million over the past four days, marking a streak of daily sales.
Despite this, it still holds 11,411 #BTC valued at approximately $1.4 billion.
Despite this, it still holds 11,411 #BTC valued at approximately $1.4 billion.
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Analyst: The 30-day moving average of the Fear and Greed Index has returned to the optimism zone, now at 66%. Market sentiment remains generally greedy, but we have not yet reached the extreme threshold of 75โ80%, which matched the local highs in March and December 2024. The bulls still have room to push prices higher.
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Cryptocurrencies vs. GDP
With a market value of $4 trillion, the crypto market now surpasses the GDP of major economies like the UK, France, Italy, and Canada.
If cryptocurrency were a country, it would rank as the 6th largest in the world, just behind Japan and India.
With a market value of $4 trillion, the crypto market now surpasses the GDP of major economies like the UK, France, Italy, and Canada.
If cryptocurrency were a country, it would rank as the 6th largest in the world, just behind Japan and India.
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Whales moved $1.26 billion worth of BTC after years of inactivity โ Lookonchain
The Block
Wallets tied to bitcoin whale moves $1.26 billion worth of BTC after years of dormancy: Lookonchain
Lookonchain said the three addresses all received bitcoin on Dec. 13, 2020, when bitcoin was worth around $18,000.
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Santiment: Wallets holding between 10 and 10,000 bitcoins have accumulated 218,570 $BTC more than at the end of March. These key players collectively own 68.44% of the total Bitcoin supply, adding ~0.9% of all coins to their wallets during this period.
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James Howells, the man behind one of cryptoโs most legendary stories, has officially ended his search for a Bitcoin wallet lost in a landfill.
The British IT worker had spent 12 years searching for a hard drive accidentally thrown out in 2013 โ it contained 8,000 BTC (~$915 million).
โช๏ธ Fun facts:
โ In May, Howells planned to raise $75M by launching Bitcoin ordinals to buy out the landfill
โ A Netflix-style series is already in the works โ a Los Angeles studio has acquired the rights under the working title โBuried Bitcoinโ
โ Experts say the hard drive is now beyond recovery after 10+ years of corrosion in open-air landfill conditions.
The British IT worker had spent 12 years searching for a hard drive accidentally thrown out in 2013 โ it contained 8,000 BTC (~$915 million).
โช๏ธ Fun facts:
โ In May, Howells planned to raise $75M by launching Bitcoin ordinals to buy out the landfill
โ A Netflix-style series is already in the works โ a Los Angeles studio has acquired the rights under the working title โBuried Bitcoinโ
โ Experts say the hard drive is now beyond recovery after 10+ years of corrosion in open-air landfill conditions.
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X (formerly Twitter)
Bitcoin Magazine (@BitcoinMagazine) on X
JUST IN: ๐ฎ๐ฉ Indonesia's Vice President's office invited Bitcoiners over to discuss exploring Bitcoin as a national reserve ๐
๐น Indonesia may add Bitcoin to its national reserve
The countryโs government has already held discussions with crypto industry leaders.
The countryโs government has already held discussions with crypto industry leaders.
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Trading volume of tokenized xStocks surpasses $2 billion
โช๏ธThe total trading volume of xStocks tokens on both centralized and decentralized exchanges has exceeded $2 billion, with over $100 million coming from DEX platforms. Major volumes were recorded on Gate, Bitmart, and Bybit.
Source
โช๏ธxStocks instruments by Backed Finance became available on exchanges and DEXs in early summer. They allow 24/7 trading of tokenized shares of major companies and stock indices, including Apple, Microsoft, Tesla, and the S&P 500. According to the developers, each token is backed by real assets.
โช๏ธxStocks tokens now have over 25,000 holders. The TSLAx token (representing Tesla stock) became the first to surpass 10,000 wallets. The total issuance of all tokens is around $43.3 million.
โช๏ธThe total trading volume of xStocks tokens on both centralized and decentralized exchanges has exceeded $2 billion, with over $100 million coming from DEX platforms. Major volumes were recorded on Gate, Bitmart, and Bybit.
Source
โช๏ธxStocks instruments by Backed Finance became available on exchanges and DEXs in early summer. They allow 24/7 trading of tokenized shares of major companies and stock indices, including Apple, Microsoft, Tesla, and the S&P 500. According to the developers, each token is backed by real assets.
โช๏ธxStocks tokens now have over 25,000 holders. The TSLAx token (representing Tesla stock) became the first to surpass 10,000 wallets. The total issuance of all tokens is around $43.3 million.
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CryptoQuant has recorded a sharp decline in stablecoin reserves on crypto exchanges.
Historically, this is considered a bearish signal โ stablecoins are usually sent to exchanges for crypto purchases, so large withdrawals may indicate declining investor interest in risk assets.
Historically, this is considered a bearish signal โ stablecoins are usually sent to exchanges for crypto purchases, so large withdrawals may indicate declining investor interest in risk assets.
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