Hakan Ateşler 
Bitcoin, which exceeded $70,000 at the beginning of the week, could not hold this level again and experienced a sharp decline. With the sharp decline following the Fed’s decision to leave interest rates unchanged, the largest cryptocurrency dropped to $63,500.
The GBTC fund, which Grayscale has been offering to its customers for about 10 years and turned into an ETF on January 10, fell 10% before the US markets opened. Behind this depreciation was the transfer of 10 % of the assets of those holding GBTC shares to the company’s new fund, the mini-Bitcoin fund (BTC).
The wallet of an investor who obtained ETH at $0.3 in the Ethereum ICO, which remained inactive for 9 years, moved for the first time today. The user moved more than 1100 ETH worth $3.7 million to a new wallet.
Russia, which completely changed its perspective on cryptocurrencies with the start of the Ukrainian war in 2022 and the subsequent Western sanctions, may make some international payments with cryptocurrencies until the end of this year. The statement came from Nabiullina, the head of the Central Bank of Russia.
Cyber’s Social Summer event, which has recently been rebranded, continues. The prize pool in Social Summer, a series of events organised in cooperation with various projects in the Superchain ecosystem, exceeds $500,000.
Donald Trump’s show at the Bitcoin Conference he attended over the weekend and the hardening of the crypto world’s attitude towards Kamala Harris also mobilised the Democratic Party’s donors. Anonymous donors contacted the organisers for the Permissionless event to be held in October.
The US government’s move yesterday to move thousands of Bitcoins seized from Silk Road caused the crypto world to react. Industry experts and leaders agree that the Biden/Harris administration made such a move knowingly and willingly, but they made a big mistake.
The US Securities and Exchange Commission (SEC) is making some changes to the case it filed against the Binance exchange in June last year. It was stated that the institution will no longer insist that some coins, including Solana, are securities and will not focus on this issue in the course of the case.
Donald Trump’s historic speech at the Bitcoin Conference on Saturday evening and his many promises did not escape the eyes of the financial world. Analysts of the Bernstein company stated that Bitcoin and cryptocurrencies are now fully under the support of the Republican Party, while the Kamala Harris team, who tried to contact crypto companies at the last moment, was late.
After Donald Trump’s attention-grabbing speech over the weekend, Bitcoin started Monday strong. The largest cryptocurrency managed to exceed $70,000 for the first time since 10 June.