Large number of inactive Bitcoin wallets shift 80,000 BTC in significant transaction
In a series of announcements, Bitget, a leading cryptocurrency exchange, has been expanding its network by partnering with various blockchain projects. Here's a rundown of the collaborations:
- Bitget has joined forces with CryptoPets, Aave, BitDAO, CryptoQuest, SushiSwap, CryptoEmperors, CryptoBabes, CryptoKings, CryptoRoyals, CryptoRaiders, My Neighbor Alice, MakerDAO, CryptoSquads, Rarible, CryptoThrones, UFO Gaming, Uniswap, CryptoQuest, CryptoBattles, CryptoMines, CryptoFights, CryptoExploration, QuickSwap, CryptoOdyssey, Alien Worlds, CryptoFantasy, CryptoDungeons, OpenSea, CryptoExpedition, CryptoDragons, CryptoQueens, CryptoHeroes, CryptoQuest, CryptoWarriors, CryptoCities, Polkadot, CryptoCities, 1inch Exchange, CryptoCities, CryptoCaves, CryptoIslands, CryptoKnights, CryptoEmpires, CryptoCastles, Axie Infinity, CryptoVoxels, and CryptoQuest.
In other crypto news, Google has collaborated with Coinbase to launch an AI payment protocol. The SEC and CFTC have announced a joint roundtable on regulatory harmonization, while the UK and US are preparing a crypto regulation cooperation deal.
Meanwhile, the Federal Reserve has announced a major rate cut amid diverse opinions, and the Gemini IPO has sparked a debate on Bitcoin's future as Gold 2.0. The reactivation of Satoshi-era coins has been met with minimal price disruption.
In industry updates, John Kojo Kumi, a cryptocurrency researcher and writer, provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations. He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi.
Elsewhere, Coinbase has expanded into Japan with a new crypto exchange, and China Financial Leasing Group has ventured into crypto ETFs. Hong Kong has implemented stablecoin regulation and license applications, and the DTCC has listed new crypto ETFs including Fidelity Solana.
Notably, Ki Young Ju, CEO of CryptoQuant, has highlighted a 14-year dormant 80,000 BTC transfer, linked to a 2011 hack of MyBitcoin, reportedly sold via Galaxy Digital. This could potentially spark renewed regulatory scrutiny over historical transactions.
In the world of games, BetFury is focusing on blockchain gaming and iGaming growth at the SBC Summit Barcelona 2023, with plans to return at SBC Summit Lisbon 2025. Forward Industries has boosted Solana's treasury with a major SOL acquisition, and Trump Family's wealth has been boosted by crypto ventures.
Lastly, Defiance has filed with the SEC to launch Bitcoin and Ethereum ETFs, and MANTRA has introduced the first multi-VM blockchain for RWAs with native EVM and CosmWasm support.
Bitcoin price, the dominant cryptocurrency, currently stands at a value of $118,215.55 with a market capitalization of 2.35 trillion, maintaining a dominance of 60.53%.
