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:

  1. 🎙️ Donald J. Trump to speak at Bitcoin 2024 Conference.
  2. 📵 AT&T data breach exposes phone numbers & call logs.
  3. 🔓 Starknet $STRK token unlock worth ~$35.9M on July 15th.
  4. 💰 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.

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PROTOCOLASSETSAPY
Merkl logoMerkl (Arbitrum)USDEUSDC97.05%
Ramses CL logoRamses CL (Arbitrum)USDCUSDC65.91%
Avantis logoAvantis (Base)USDC38.48%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT36.67%
Indigo logoIndigo (Cardano)IUSD32.99%
BFX (Blast Futures) logoBFX (Blast Futures) (Blast)USDB32.45%
Notional V3 logoNotional V3 (Ethereum)NUSDC30.71%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC(WBTC)28.14%
. . .

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. . .

That’s it for today’s edition! See you soon.

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