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Check out why BTC may hit a new ATH this year.
Quick Take The German government transferred 133.722 bitcoins to market maker Cumberland DRW before sending 150 coins to crypto exchange Kraken and 1,000 coins to the B2C2 Group. It also transferred 300 bitcoins to Coinbase, 300 bitcoins to Bitstamp and 1,000 bitcoins to market maker Flow Traders.
Quick Take ZKM has unveiled its Bitcoin Layer 2 solution, GOAT Network, set to launch later in Q3. GOAT Network has secured 5,000 BTC in commitments from institutional node operators to date, with plans to open a Series A fundraising round soon.
Andrew Kang warns against early buying during downward trends, noting deeper, longer corrections after market structure breaks.
Quick Take Golem has sent over $100 million in ether to various exchanges over the last month. The amount sent represents a significant portion of their remaining reserves of around 126,000 ETH.
- 20:19Ark Invest purchased $13.4 million worth of Coinbase stocks during the sharp drop in U.S. stocks on FridayDuring the sharp drop in U.S. stocks on Friday, Cathie Wood's Ark Invest added a total of 83,157 shares of Coinbase to its three ETFs, equivalent to about $13.4 million. This increase came as Coinbase's stock price fell by about 5% over the past week, and its market value fell below $30 billion for the first time since September 2024. This is another low-buying move by Ark Invest after March, having previously increased holdings by more than $16 million in a single month.
- 20:18The Georgia State House of Representatives resolution requires the Department of Education to implement "Blockchain, Cryptocurrency and Web3" educationAccording to Bitcoin Laws, the House of Representatives in Georgia, USA has passed a resolution requesting the Department of Education to implement "blockchain, cryptocurrency and Web3" education in K-12. This bill initiated by the Democratic Party states: "Bitcoin is increasingly being accepted and widely used as an alternative to traditional currency."
- 20:17Deribit: A user sold 1800 USD ETH put and call options for the end of May, totaling 750 ETHThe head of Deribit Asia Pacific business, LinChen, posted on platform X that the largest ETH bulk options trade today was made by a user who bought both put and call options for $1800 at the end of May, totaling 750 ETH and generating a total income of $275,400.