Hakan Ateşler 
As Donald Trump’s support for the crypto world continues at full speed, the sons of the US presidential candidate also entered the ball. Eric Trump and Donald Trump Jr. announced that they will soon announce a big ‘thing’ related to the crypto space.
Hundreds of wallets where the coins seized from the Plus Token organisation, which is based in China and is seen as one of the world’s largest crypto frauds, took action after more than 3 years. According to incoming information; 790 thousand ETH worth approximately $2 billion is moving.
OKX, one of the world’s largest cryptocurrency exchanges, announced that it will delist 9 trading pairs on August 9. Deposits of the relevant coins were also terminated yesterday.
In the crypto world, where $1.1 billion of positions were liquidated on Monday, investors have now started to take positive steps forward. In both US and non-US exchanges, traders started to buy Bitcoin contracts that give the right to sell at $100 and $90,000 towards the end of this year.
Kamala Harris, one of the US presidential candidates whose stance on cryptocurrencies is still unclear, started to slowly build her team. Harris, who chose Tim Walz as vice president yesterday, has now recruited David Plouffe, who has also worked in crypto companies such as Binance and Alchemy Pay.
While the crisis in the world markets on Monday seems to have settled for the moment, the crypto trading company Cumberland transferred $95 million USDT from the Tether Treasury to 4 platforms.
Stating that 400 thousand BTC were moved to ‘permanent holder’ addresses, CryptoQuant CEO Ki Young Ju wrote, ‘I’m pretty sure something is happening behind the scenes.”
Shinichi Uchida, deputy governor of the Bank of Japan, stated that they will not raise interest rates further in a period when the markets are not stable. Speaking at a conference for business people, Uchida said, “We won’t raise rates when markets are unstable. We must maintain the current degree of monetary easing for the time being.” After the statements, Bitcoin rose above $57 thousand, while the Japanese yen also fell against the dollar.
While the world financial markets were discussing whether Monday’s big declines were over, an important analysis came from the Singaporean analysis and trading company QCP. In today’s analysis, the company stated that the interest rate policies of the Fed and the Bank of Japan should be clearly seen to understand whether the crisis is over. QCP also claimed that an emergency Fed cut would end all confidence in the institution.
ARK Invest, led by Cathie Wood, who collected COIN shares at low prices during the crypto crisis in 2022, has been making serious profit sales since last year. In yesterday’s market declines, the company bought for the first time in more than a year.