Day: July 5, 2024

Most Talkable Assets Of The Week

🚀 TSLA – The Tesla bulls ride again 📈 S&P 500 closes > 5,500 for the first time ever. Nasdaq 100 closes > 20,000 for the first time ever. Still stocks are not starting to look overvalued. 📉 COIN, MSTR, HOOD – Cryptocurrency-related stocks are dropping as Bitcoin’s price continues to fall 🗡XAUUSD (GOLD), XAGUSD (SILVER), XPDUSD (PALLADIUM) – Metals are increasingly seen by investors as a reliable hedge Quote of the week: ‘Because by the time you read about it in The Wall Street Journal, it’s already too late.’ – movie ‘The Wolf of Wall Street’ Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]

Justin Sun Offers To Buy Germany’s Remaining $2.3B in Bitcoin to Stabilize Market

Justin Sun, the founder of Tron, has made an offer to buy the remaining $2.3 billion worth of Bitcoin seized by the German government. This proposal comes after Germany has been actively transferring large amounts of Bitcoin to exchanges, leading to significant market reactions and a notable drop in Bitcoin’s price, which currently stands at $56,892.53, down 5% from yesterday and 7% over the past week. Sun expressed his willingness to negotiate privately with the German government to purchase the Bitcoin off-market. His cryptocurrency wallet, holding approximately $1 billion, has been identified by blockchain analytics firm Arkham Intelligence. Arkham Intelligence also revealed that one of the wallets associated with the German BKA has already sold around $300 million in Bitcoin. These transactions included transfers of $94 million to Coinbase, $84 million to Kraken, and $91 million to Bitstamp. Additionally, $44 million was sent to Flow Traders, a market maker based in Amsterdam. Sun’s proposal aims to minimize the impact of these large Bitcoin transfers on the market, which have caused considerable volatility recently. submitted by /u/Lor1al [link] [comments]