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.

The Degen Farmer

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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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