In a significant move on July 4, Justin Sun, the founder of Tron, offered to acquire the German government's substantial Bitcoin holdings valued at over $2.3 billion. Sun proposed to negotiate off-market to minimize market impact in a bid to prevent negative fluctuations in Bitcoin's value. The German government's Bitcoin stash originated from a seizure related to the pirate movie website Movie2k, with control over nearly 50,000 BTC since February 2024.
Proposal to Purchase German Government's Bitcoin Holdings
by Giorgi Kostiuk
a year ago
0
Other news
Blazpay vs Avalanche: A Comparative Analysis
Investors are comparing Blazpay's presale potential with Avalanche's established network to evaluate risk and reward.
Potential Recovery for Ethereum as Market Stabilizes
Ethereum's recent correction may present an opportunity for recovery as on-chain data shows strong fundamentals.
Market Conditions and Liquidation Breakdown
Trading instability was observed across major spot and perpetual markets as BTC and ETH faced significant liquidation events.
SEC and CFTC Jointly Clarify Legal Framework for Spot Crypto Trading
The SEC and CFTC have clarified that registered exchanges can list certain crypto commodity products without new statutes, facilitating spot crypto trading on regulated US venues.
Marina Protocol Rewards Users for Daily Activities
Marina Protocol rewards users for daily activities like quizzes, auto mining, and referrals, enhancing user experience and community growth.
Marina Protocol Launches Daily Quiz to Boost Community Engagement
Marina Protocol launches a daily quiz to engage its community and reward participants with cryptocurrencies.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter