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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

TON Foundation to bolster Bitcoin utility with TON Teleport BTC
TON Foundation to bolster Bitcoin utility with TON Teleport BTC

Quick Take TON Teleport BTC will improve the use cases of Bitcoin in the TON ecosystem for decentralized exchanges, lending protocols and other DeFi utility.

The Block·2024/07/17 16:19
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on

Quick Take German authorities announced it received $2.88 billion from selling nearly 50,000 BTC. The sale was part of the plan to offload bitcoins seized from the now-defunct film piracy website Movie2K.

The Block·2024/07/17 16:10
Flash
  • 13:21
    Report: Bullish Momentum for Bitcoin Begins to Form
    Market-related reports indicate that Bitcoin continues to demonstrate impressive resilience, having risen over 10% in the past week, outperforming traditional risk assets like the S&P 500. After weeks of volatility and low liquidity, Bitcoin has reclaimed the $94,000 range low—a critical sign, as it was this level that supported Bitcoin's rally to its all-time high in January. Furthermore, Bitcoin has now also risen back to the short-term holding cost basis, approximately $92,900, which is a key on-chain pivot point that typically distinguishes the drawdown phase from new bullish momentum. In addition to a positive market structure, margin indicators have also rebounded to 87.3%, indicating improved market health and investor profitability.
  • 12:47
    U.S. Treasury Secretary: The First Trade Agreement May Be Reached as Early as This Week or Next
    U.S. Treasury Secretary stated that the first trade agreement could be reached as early as this week or next.
  • 12:46
    El Salvador Bitcoin Office: Will Continue to "Stack" BTC
    Despite the International Monetary Fund's request for El Salvador to stop directly purchasing Bitcoin, the El Salvador Bitcoin Office posted on the X platform: "El Salvador will continue stacking, adding one Bitcoin a day to its strategic Bitcoin reserve, just watch...". Analysts believe that El Salvador's loan agreement with the International Monetary Fund only commits the country's fiscal department to not accumulate Bitcoin, but technically, the El Salvador Bitcoin Office operates beyond the "fiscal department" boundaries.
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