The Block
Quick Take A resolution to overturn Staff Accounting Bulletin 121, also known as SAB 121, was vetoed by President Biden in May. The vote is a constitutional obligation, and political experts are mixed about whether lawmakers have enough votes to override President Biden’s veto.
Two wallets identified by LookOnChain have transferred 9,500 BTC worth about $537 million, at current prices, to Binance within the past week.The transfers were associated with subsequent drops in the price of bitcoin, which may indicate the whales selling.
Quick Take Multicoin Capital said it would match every SOL donated up to $1 million over the next 10 days through The Sentinel Action Fund, a conservative super-political action committee. Other crypto industry folks have donated millions to candidates and other PACs over the past few months.
Quick Take News of Mt Gox moving to repay creditors has sparked a broad crypto market sell-off. Market makers and investors, however, remain cautiously optimistic about bitcoin’s prospects.
The Grayscale Ethereum Trust (ETHE) discount to net asset value (NAV) has quietly become a premium ahead of an anticipated spot ETF launch.The ETHE premium to NAV hit 0.31% on July 3, according to YCharts data.
Price corrections continued in the wider cryptocurrency market, despite equity indices testing new highs following the release of U.S. non-farm payrolls data.
Only five mining ASICs currently remain profitable as bitcoin’s price slipped below $55,000 and hashprice dropped to all-time lows, according to F2Pool.Bitcoin mining difficulty also dropped 5% on Friday as the network’s hashrate continues to fall post-halving.
The defunct crypto exchange has started to repay creditors in bitcoin and bitcoin cash on July 5.Mt Gox earlier today transferred billions of dollars worth of bitcoin in several transactions.
Bitcoin fell 7.4% in the past 24 hours to trade at $54,422.Defunct crypto exchange Mt Gox moved nearly 47,229 BTC to another wallet address on Thursday night.
Bitcoin fell 3.45% in the past 24 hours.Late evening Thursday, Mt Gox moved nearly 47,229 BTC to another wallet address.
