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Germangovernment is testing BTC for real demand...and failing

As WhaleWire analyst Jacob King told X, "The German government is not trying to raise a few hundred million dollars by selling the seized Bitcoin. It's trying to test how much real demand there is for BTC to assess its financial stability and security," he said. "Considering that BTC is already down 25% before the test has even begun, and nearly 48% of orders are being rejected because there aren't enough buyers, it's safe to say the test is failing. Germany has sold $5.25 billion worth of BTC so far, but the price is down 25%. There are few real buyers, and the entire market is propped up by stablecoins. What will happen to the price when the US, China, and the UK sell the $30 billion worth of BTC they have seized and are holding?" he added. The German government was previously reported to have deposited a total of 5,650 BTC into exchanges as of Aug. 8.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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