- AlphaPacked — Daily Crypto Newsletter
- Posts
- Germany Runs Out of Bitcoin
Germany Runs Out of Bitcoin
📉 German Government Sells All Bitcoin Holdings
Massive Bitcoin Sell-Off: The German government sold all its Bitcoin holdings, totaling $2.9 billion. The sale included 50,000 BTC seized in January, sold gradually, leading to a significant market impact.
Impact on Bitcoin Prices: Bitcoin's price fell to a low of ~$54,000 due to the sell-off. The largest single-day sale was $900 million, contributing to market panic.
Future Market Outlook: Despite the drop, experts are optimistic about Bitcoin's recovery, citing positive inflation data and upcoming Ethereum ETFs as potential catalysts for a price rebound. Read More.
️ On today's Top Picks:
- 🎙️ Donald J. Trump to speak at Bitcoin 2024 Conference.
- 📵 AT&T data breach exposes phone numbers & call logs.
- 🔓 Starknet $STRK token unlock worth ~$35.9M on July 15th.
- 💰 ZAP raises $15M led by Rarestone Ventures, Cypher Capital Group, & Sharding Capital.
Read time: ⏰ 7 minutes
Crypto News
• ⭐️ German Government has 0 Bitcoin $BTC remaining as sends remaining coins to Flow Traders & 139P.
• Genesis Trading has transferred ~$720M of Bitcoin $BTC to Coinbase in the past 30 days following settlement.
• ⭐️ US Presidential Candidate Donald J. Trump to speak at Bitcoin 2024 Conference.
• US SEC ends investigation into Paxos & declares $BUSD as not a security.
• US SEC ends investigation into Stacks $STX with no recommended enforcement action.
• BitMEX pleads guilty to violating the US Bank Secrecy Act in anti-money laundering case.
Alpha
• Coinbase releases free Relic in Fall NFT to celebrate 50 years of USA Basketball.
• Catalyst distributes weekly Catalyst Egg rewards.
• Grass Epoch 7 to begin tomorrow, the final epoch of the Closed Beta.
• ICYMI Mind Network launches Alpha Mainnet allowing users to earn Mind XP for staking.
• ICYMI Caldera launches Caldera Crusade Soulbound NFT claim on Galxe.
Airdrops
• Lava Network makes changes to $LAVA Vesuvius Airdrop claim checker.
• ICYMI Mitosis Airdrop Strategy by Earndrop.
• EtherFI $ETHFI Season 2 Airdrop claim to be available next week.
• ICYMI Q Blockchain launches $Q Airdrop eligibility checker.
• ICYMI Mocaverse launches $MOCA Airdrop eligibility & allocation checker.
Finance News
• MicroStrategy $MSTR announces 10-for-1 stock split.
• US Inflation falls to 3% in June, lower than expected 3.4%.
• US Treasury Department & IRS collect $1B in past-due taxes from high-income individuals.
• US Lawmakers ask for intelligence assessment of Microsoft's $MSFT $1.5B investment in G42.
• Archegos Capital founder Bill Hwang convicted of securities & market manipulation fraud.
• Citi $C fined $136M by US regulators for failing to fix data management issues.
• Wells Fargo $WFC shares slide as Q2 profits decline & misses interest income estimates.
• AMD $AMD to acquire Silo AI for $655M to boost its AI solutions.
Security and Exploits
• Compound, Celer, Pendle, & Unstoppable Domains hijacked due to Squarespace migration.
• Dough Finance exploited for ~$1.8M due to flash loan attack.
• RAILGUN blocks Inferno Drainer's intent to launder ~$500K of Ethereum through the protocol.
• ⭐️ AT&T data breach exposes phone numbers & call logs for ~109M customers.
• Google increases bug bounty rewards by 5X up to ~$151K.
• GitLab patches critical vulnerability allowing unauthorized pipeline jobs.
• Signal makes changes to encryption key storage following X drama.
Token Unlocks
• dYdX / 1.55M $DYDX / ~$2M / JUL 09
• Moonbeam / 3.04M $GLMR / ~$596K / JUL 11
• IO / 2.11M $IO / ~$5.2M / JUL 11
• Immutable / 32.47M $IMX / ~$40M / JUL 12
• Aptos / 11.31M $APT / ~$68M / JUL 12
• Ethena / 14.89M $ENA / ~$5.9M / JUL 14
• Optimism / 10M $OP / ~$16.6M / JUL 15
⭐️• Starknet / 64M $STRK / ~$35.9M / JUL 15
• Cyber / 886.12K $CYBER / ~$3.7M / JUL 15
Funding
• Partior, a blockchain payment network, raises $60M in Series B funding led by Peak XV Partners.
• ⭐️ ZAP, a token launch protocol on Blast, raises $15M in funding led by Rarestone Ventures, Cypher Capital Group, & Sharding Capital.
• Aidatify, an all-chain AI aggregator, raises $8.3M in funding.
• Soccerverse, a fully autonomous football management MMO, raises $3.1M in funding led by Square Enix.
• Pixelverse, a cyberpunk game ecosystem, raises $2M in funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Merkl (Arbitrum) | USDEUSDC | 97.05% |
Ramses CL (Arbitrum) | USDCUSDC | 65.91% |
Avantis (Base) | USDC | 38.48% |
Abracadabra Spell (Arbitrum) | MIMUSDCUSDT | 36.67% |
Indigo (Cardano) | IUSD | 32.99% |
BFX (Blast Futures) (Blast) | USDB | 32.45% |
Notional V3 (Ethereum) | NUSDC | 30.71% |
Umami Finance (Arbitrum) | GMUSDC(WBTC) | 28.14% |
+$600,000,000 in airdrops was lost |
Don't you hate it when you qualify to an airdrop but it's already expired and can't be claimed?
Coming in: Earndrop is a cryptocurrency airdrops finder.
Paste your wallet and the site will show you if you have anything to claim!
With a free account, you also get email alerts when your wallets are eligible to claim something new.
That’s it for today’s edition! See you soon.
Reply