75% of Bitcoin has been hodled for at least the last 6 months
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn’t been sold or moved for the last six months. Go to Source
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Weekend Wrap: Google sued over $5M scam app, Malaysia nabs illegal miners and more
Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit. Go to Source
Bitcoin Sees Miner Capitulation Amid Bullish Signals And Historic Milestones
Last week, Bitcoin witnessed a significant miner capitulation as outflows reached 19,000 $BTC on August 5, marking the highest level since March. This mass selling likely occurred as miners faced shrinking profit margins, which dropped to 25%, the lowest since January. With their margins under pressure, many miners were forced to liquidate their holdings. We … Read more
Institutional adoption of Bitcoin ETFs surges 27% in Q2
Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs. Go to Source
Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant
Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes. Go to Source
World’s 3rd largest public pension fund buys $34M MicroStrategy shares
South Korea’s public pension fund has just upped its crypto exposure further, buying tens of thousands of shares in MicroStrategy. Go to Source
Key Bitcoin bull signal flashes for first time in nearly 2 years, hinting at 2x price surge
Bitcoin price could increase by over two-fold based on a key bull signal historically correlated with price rallies. Go to Source
US gov’t $590M Silk Road Bitcoin transfer to Coinbase unlikely to be sold: Analyst
The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime. Go to Source
Bitcoin sell pressure may break $56K support as options expiry looms
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16. Go to Source
Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid. Go to Source