💰 Dormant Bitcoin Address Awakens After a Decade, Moves $9.8 Million in BTC

After a much quieter April, May has witnessed numerous dormant bitcoin addresses becoming active after years of inactivity. Notably, a significant holder from 2010 reappeared this month, spending 2,050 BTC from a cache of block rewards. Additionally, $9.6 billion in Mt Gox bitcoins was transferred on Tuesday morning. On the same day, May 28, 2024, at block height 845,533, another entity decided to transfer 145.89 BTC worth $9.8 million from a dormant 2013 address.

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💰 Bitcoin price falls below $68,000 following transfer worth $9.6 billion from Mt. Gox cold wallet

The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet. Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence. Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period.

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🇹🇷 Turkish Parliament Committee to Review Crypto Bill This Week

The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to enhance Turkey’s compliance with the Financial Action Task Force (FATF) standards. In 2021, FATF placed Turkey on its “grey list” due to inadequate oversight of sectors prone to money laundering and financing terrorist organizations.

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Thank you to everyone who supported me this weekend at @furryweekend.com

It’s one for the record books. I’m always so happy to connect with everyone on a personal, human, level. It means the world to me that y’all support me at each event!

Also hello to everyone who joined this weekend! I always love seeing how you display my work in your homes. So don’t be a stranger 👀

I will be fulfilling all canvas and shop orders when I get home in the coming week.

❤️

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🔵 Ethereum outperforms market surging to $3900 after ETF approval, Pectra upgrade in sight

Ethereum’s price has climbed to a two-month high of more than $3900 less than a week after the US Securities and Exchange Commission (SEC) approved 19b-4 filings for eight spot exchange-traded funds (ETF)-related to the digital asset. This caps a week of positive performance for Ethereum, significantly outpacing the top 10 cryptocurrencies by market capitalization. During the reporting period, ETH’s value increased by approximately 27%, while Bitcoin saw a modest gain of 2%.

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🪙 Ether (ETH) Could See Price Volatility Soon Due to These Metrics: CryptoQuant

Over the week, ether (ETH) received a large share of crypto investors’ attention as anticipation intensified about approvals for its spot exchange-traded funds (ETFs). While the crypto asset rallied significantly as the market waited for the U.S. Securities and Exchange Commission’s (SEC) decision on the ETFs, CryptoQuant analysts identified on-chain dynamics that could trigger major volatility soon.

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🇺🇸 Donald Trump declares US must not settle for ‘second place’ in crypto industry

The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump. “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.

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📣 Standard Chartered analyst says other crypto ETFs such as SOL, XRP 'is likely a 2025 story'

Following the recent approval of ether spot exchange-traded funds, Standard Chartered Bank analyst Geoffrey Kendrick says that the next chapter of crypto ETFs may be around the corner in 2025. "For other coins markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story not a 2024 one," Kendrick, head of forex and digital assets research at Standard Chartered Bank, said Friday in a statement to The Block.

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🪙 ETH 'bucking' crypto market downturn thanks to spot ether ETF excitement, analysts say

Ether is the winner among losers in the crypto market downturn, buoyed by excitement for spot ether exchange-traded funds (ETFs).  After the Securities and Exchange Commission approved eight spot ether ETFs Thursday, ether traded at $3,815, having increased 2.12% in the past 24 hours as of 5:19 p.m. ET (21:19 UTC). Conversely, bitcoin's price declined 2.35% in the same period to trade at $67,540, according to The Block prices. 

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🏦 Coinbase CEO Brian Armstrong says FIT21 can 'finally' create clear crypto regulation

Coinbase CEO Brian Armstrong commented on the House of Representatives vote on FIT21, or the Financial Innovation and Technology for the 21st Century Act, on the social media platform X. Armstrong called it a "historic vote," adding that it will "finally start to create some clear rules to regulate crypto" if passed into law.

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