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πŸ¦ŽπŸš€ Another $2B on the move! πŸ“¦

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Have an amazing week ahead, Geckos!
   

Although the spot ETH ETFs have seen heavy outflows, things may look better for ETH holders soon.

  

In today's news:
 

  • One step ahead 🧠

  • Finally, fees! πŸ’Έ

 

Read on!

  

Announcement: We've integrated tracking for Pump.fun tokens through our DEX tracker, GeckoTerminal. This enables users to expand the scope of coin tracking in the decentralized space. 

 

What is Pump.fun?
Pump.fun is a token creation platform on Solana that offers projects an easy entry point for creating their own tokens. Once a token reaches a market cap of $69k, it will be migrated to the Raydium DEX and instantly tracked on GeckoTerminal.

 

The integration now allows users to track all Pump.fun tokens here.

24h Hot Searches Worldwide πŸ”₯

  • PAW            (-8.5%)

  • Toncoin      (-1.7%)

  • DOP            (+2.5%)

  • tomiNet     (-18.3%)

  • Waffles        (-2.8%)

  • LandWolf    (-2.3%)

  • Neiro           (+6.9%)

How Much Bitcoin Do Governments Hold?

  

Governments now hold 471,380.6 BTC, accounting for ~2.6% of all bitcoin in circulation. Which countries hold the most BTC?
 
Read more to find out.

One step ahead 🧠

 

You can't really hold all your Bitcoin if you have none left to hold.
 

Just days after Trump promised to hold all of the nation's Bitcoin upon his reelection and create a national Bitcoin reserve, the current administration may have other plans.
 
According to the blockchain analytics platform Arkham Intelligence, a wallet linked to the US government recently moved over $2B worth of BTC, originally seized from the Silk Road marketplace to a new address.
 
However, it remains to be seen whether these funds will be sent to centralized exchanges and sold.
 
Yet, the movement of the funds was enough to induce panic among the crypto community, triggering a selloff on Bitcoin and pushing its price downward by 1.5% from $67,800 to $66,800.
 
On the other hand, Adam Cochran put out a reminder that Coinbase Prime has an agreement with the US Marshals Service to manage and dispose of their crypto assets, implying that a transfer might not materialize into actual selling.

 
Editor's Note:

Although the timing is suspect, and $2B is indeed a very big sum, it's evident from the past few months that Bitcoin is more than capable of surviving situations such as this. Mt.Gox and the US government selling BTC are nothing new, and if anything, they have given willing buyers an opportunity to simply buy the dip.

 

With Ethena's yield-bearing USDe stablecoin quickly climbing the ranks into the top 5 stablecoins by market cap, many have raised concerns and comparisons to Luna's ill-fated UST. Learn about how Ethena works and how it's different from Luna.

Finally, fees! πŸ’Έ

  

Just last week, Marc Zeller, the founder of the Aave Chan initiative, published a temperature check for a new governance proposal, which includes turning on fees for the Aave platform.
 

Specifically, the proposal highlighted a 'buy-and-distribute' program, where protocol fees will be used to purchase native AAVE tokens on the open market to pass along to stakers.

 
Historically, news of a potential 'fee switch' being turned on has resulted in positive price movements; this time, it's no different.
 
Since Zeller publicized the temperature check, the price of AAVE has risen by 19.2% from $88.65 to $105.63 today.

   

Learn about Everclear and how it solves the challenge of liquidity fragmentation with intents-based architecture, chain abstraction, and modularity.

In Other News...

 

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Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on!

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