CEX returned more than $200 million in Bitcoin to the German government address, possibly because it failed to sell within the target price range
Odaily2024/07/09 00:41
By:Odaily
Odaily News According to Arkham monitoring, the German government address received a total of 3,673
bitcoins (worth over $200 million) early this morning, of which 3,623 bitcoins came from Coinbase, Kraken and Bitstamp, and 50 bitcoins came from addresses starting with bc1qxw. Steven Zheng, head of research at The Block, said that these exchanges are likely to return bitcoins to the German government address because they cannot sell their bitcoins within the target price range. Steven Zheng said: Considering that some bitcoins have been returned from Coinbase to the German government address, it can be assumed that they are unsold bitcoins and are part of the sales agreement between the
cryptocurrency exchange and the country. Data shows that the German government address currently holds 27,461 bitcoins, equivalent to approximately $1.56 billion. (The Block)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Oasis (ROSE) Breakout Alert: Targeting $0.133, $0.305, and $0.415
Cryptonewsland•2024/09/21 21:06
President Nayib Bukele Meets Musk at Tesla, Discusses El Salvador’s Tech Future
Cryptonewsland•2024/09/21 21:06
Dogecoin’s Bullish Momentum Builds, but Can It Break $0.11?
Cryptonewsland•2024/09/21 21:06
US spot bitcoin ETFs see inflows worth $92 million; BTC edges down
U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.
The Block•2024/09/21 20:33
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,136.5
-0.15%
Ethereum
ETH
$2,564.04
+0.55%
Tether USDt
USDT
$1
+0.01%
BNB
BNB
$584.17
+2.61%
Solana
SOL
$147.63
-0.09%
USDC
USDC
$1
-0.01%
XRP
XRP
$0.5957
+1.33%
Dogecoin
DOGE
$0.1087
+2.75%
TRON
TRX
$0.1520
-0.05%
Cardano
ADA
$0.3563
+0.78%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now