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The world's largest asset management firm, BlackRock, has recently been selling Bitcoin (BTC) and buying Ethereum (ETH) over the past few days. According to data released by on-chain analysis platform CoinGlass on the 4th, BlackRock sold approximately 5,362 Bitcoins through Coinbase from June 2nd to 3rd, and then purchased about 27,241 Ethereum.
2. US Large Bitcoin Mining Company Records Highest Monthly Bitcoin Production
US large Bitcoin (BTC) mining company Marathon Holdings produced a total of 950 Bitcoins in May, setting a record for the highest monthly Bitcoin production. Decrypt reported on the 4th that Marathon Holdings increased its Bitcoin production by about 35% compared to April, attributing this to Bitcoin repeatedly setting new highs in May.
3. Magic Eden Announces Trump Token Wallet Release... Trump Family Denies Connection
Solana-based Non-Fungible Token (NFT) marketplace Magic Eden announced on the 3rd its plan to launch a Trump meme coin Trump Token (TRUMP) wallet and execute a free airdrop worth $1 million. Magic Eden claimed to have established an official partnership with the Trump Token Foundation. However, Eric Trump, who effectively leads the Trump Token Foundation, denied the partnership on his X account on the 4th.
4. "Bitcoin Whales Accumulated 79,244 Bitcoins Last Week"
While Bitcoin was trading sideways last week, it was revealed that Bitcoin whale wallets holding over 10,000 Bitcoins were massively accumulating Bitcoin. On-chain analysis platform Sentiment announced in a report on the 4th that approximately 151,820 Bitcoin whale wallets accumulated around 79,244 Bitcoins.
5. Binance Deposits 59% of Top Stablecoin Circulation
It was revealed that about 59% of the top stablecoin circulation is deposited on Binance. According to a report released by on-chain analysis platform CryptoQuant on the 4th, Coinbase recorded $129 billion in cryptocurrency reserves, barely surpassing Binance's $110 billion. Meanwhile, Binance was found to hold about 60% of the total circulation of top stablecoins Tether (USDT) and USDC.
6. Cynthia Lummis: "US Department of Defense Wants to Hold Bitcoin Due to Geopolitical Tensions"
Senator Cynthia Lummis announced in an interview with Bloomberg on the 3rd that high-ranking leaders in the US Department of Defense support the idea of holding Bitcoin. Lummis explained that US military generals stationed in Southeast Asia hope to accumulate Bitcoin as a strategic asset due to geopolitical tensions in the region.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
