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Justin Sun’s Rescue Bid: Sparked by German Government’s Bitcoin Sale
Controversial Tron founder, Justin Sun, has made a bold offer to protect retail investors and purchase the remaining $2.3 billion in Bitcoin seized by the German government, which it is currently preparing to sell on the open market. This comes after Germany moved $75 million worth of Bitcoin to exchanges, causing a significant market drop. Source: https://x.com/justinsuntron/status/1808828661401072092 Over the past two weeks, Germany’s actions have led to the transfer of hundreds of millions in Bitcoin, heavily impacting market prices. Bitcoin’s value has plummeted to $84,567.67 AUD, marking a 5% decrease since yesterday and a 7% drop over the past week,...
Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown”
Tether CEO Paolo Ardoino views the lawsuit as a "shameless money grab." Key Takeaways Celsius accused Tether of wrongdoing in a 2022 agreement where Tether provided USDT to Celsius against BTC collateral. Tether denied wrongdoing, claimed the lawsuit is baseless and a "shakedown" attempt to recover losses from Celsius' mismanagement. Tether, the issuer of the stablecoin USDT, has fired back at Celsius Network in response to a lawsuit filed against the company on Friday. Tether called the case a “shakedown” attempt to shift blame for Celsius’s financial mismanagement onto Tether. According to a recent blog post from Tether, in 2022,...
XRP’s explosive rise leaves Binance reeling: Will BNB recover?
Journalist Share this article BNB’s volume has dropped by around 15% in the last 24 hours. Its price has trended without any significant moves in the last few days. XRP’s dramatic ascent has dethroned Binance Coin [BNB] from its top-five ranking by market capitalization. The gap is widening, with XRP’s market cap exceeding $109 billion compared to BNB’s $94 billion. Over the past week, XRP has surged by 37%, while BNB’s growth has been muted at less than 1%. As investors turn their attention to XRP’s momentum, BNB’s price action and metrics offer insights into what could lie ahead for...
