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
2 years ago
0
Other news
Economic and Social Impact of Prediction Markets
Prediction markets are creating novel mechanisms for risk hedging and improving collective decision-making.
Solana Whale Triggers Surge in PATOS Presale Volume
A strategic purchase of 12 million PATOS tokens by a Solana whale led to a 500% increase in presale volume over the weekend.
Technical Infrastructure and Market Evolution in Prediction Markets
The underlying technology of prediction markets has seen significant advancements, enhancing trading activity and market efficiency.
thUSD Stablecoin Backed by Real-World Assets Launches on Real Finance
Tharwa has launched its thUSD stablecoin, which is backed by a diverse basket of real-world assets, including sukuk obligations, gold, and real estate.
Tharwa Incorporates thUSD Stablecoin into the Real Finance Ecosystem.
Tharwa integrates its stablecoin thUSD into the Real Finance ecosystem to enhance on-chain yield opportunities and support new yield strategies.
Bybit's Strategic Expansion in Decentralized Storage Sector
Bybit announced plans to list the SKR token for spot trading on January 21, 2025, as part of its strategic expansion into the decentralized storage sector.
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