updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Tether is considering a €1 billion investment in German AI-powered robotics firm Neura, according to reporting over the weekend. The potential deal would value Neura at roughly €10 billion, signaling one of the largest cross-sector moves by a crypto-native company into the rapidly industrializing humanoid-robotics sector.
According to a Coindesk report, Neura has already booked €1 billion in orders and targets the production of five million robots by 2030. Its strategy centers on building cognitive humanoid machines designed for real-world operational environments, ranging from logistics to manufacturing to domestic tasks.
The imminent capital inflow from Tether would accelerate Neura’s commercialization timeline ahead of its upcoming humanoid platform launch, planned to combine cognitive reasoning and autonomous task execution features.
Sitting on $10 billion profits for Q3 2025, Tether’s plans to invest in Neura align with its much-publicized goal to expand its portfolio beyond illiquid treasuries into AI, compute infrastructure, and physical automation, key sectors increasingly viewed as foundational to the next wave of global productivity.
Currently holding more than $12 billion in gold reserves, one of the most prominent private positions globally, Paolo Ardonio-led firm hired senior metals traders from HSBC to add firepower to its commodities investment arm.
Beyond commodities, Tether continues to dominate stablecoin markets with 500 million verified users and boasts a 99% profit margin, even as rival firms and new entrants encroach on market share. Internally, Tether is also exploring a potential $20 billion funding round that could value it near $500 billion.
As positive sentiment grows around Tether’s billion-dollar AI investment in Germany, early-stage projects like PEPENODE are receiving speculative demand.
Pepe Node allows users to own virtual meme coin mining rigs, combine nodes for higher yields, and earn bonus rewards from network participation.
Pepe Node Presale
Offering up to 600% APY on staking rewards, the Pepe Node presale has already raised over $2.2 million of its $2.3 million target. Investors can still join through the official Pepe Node website before the next price tier unlocks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies.
In a blog post published on July 16, the Saxon Central Office and Frankfurt Bankhaus Scheich Wertpapierspezialist AG, a German securities trading bank, announced that they had successfully completed the sale of approximately 49,858 BTC. Starting on June 19, 2024, the German government began to sell off its massive Bitcoin reserves, officially concluding sales on July 12, 2024.
The government disclosed that the sale proceeds had amounted to €2.63 billion, with the funds remaining provisionally secured for the criminal proceedings related to the “movie2k” complex. The backstory behind the German government’s substantial Bitcoin holdings involves a digital asset seizure from movie2k, a notorious and now-defunct movie piracy website. Earlier in January 2024, the government seized 50,000 BTC, worth over €2.1 billion at the time, from the operator of the movie2k website.
Unlike some global jurisdictions that might hold onto the seized digital assets, German law mandates their liquidation. This mandate is part of an “emergency sale” under Article 111p of the Code Of Criminal Procedure. As a result, the Dresden Public Prosecutor Office had no alternative but to sell off their Bitcoin stash which was transferred by the accused at short notice.
Germany’s Bitcoin sale was also driven by its legal obligation to liquidate valuable assets before the conclusion of ongoing criminal proceedings, particularly when there is a threat or risk of significant loss. Considering Bitcoin’s notorious volatility and its penchant for rapid price fluctuations, the threat of loss was always present and, therefore, necessitated the sale.
Moreover, any speculation of prices or waiting on the rising value of the seized assets by the prosecuting authority is strictly prohibited in an emergency sale, which is expected to be carried out as quickly as possible. This is because the current value of Bitcoin and other price influential circumstances are irrelevant in deciding where and when to execute an emergency sale.
During its blog post, the Saxony Central Office for the Protection and Realization of Virtual Currencies disclosed that the government had conducted a “market-friendly and appropriate sale of Bitcoins.” The government had initiated multiple BTC dumps in small tranches over a period of approximately three and half weeks, taking into consideration how substantial BTC sell-offs can significantly impact the market.
According to the government, approximately 49,858 BTC was transferred on January 16, 2024, representing a total value of €1.96 billion at the time, with an average purchase rate of about €39,400. Looking ahead, the price of Bitcoin was not severely impacted by the German government’s substantial lofty sell-off.
A crypto analyst, Simon Dedic revealed in an X post that the price of BTC has surged by almost 23% since Germany’s Bitcoin dump and is now trading at a higher level than on June 19 when the government began transferring funds.
Featured image created with Dall.E, chart from Tradingview.com
German law enforcement authorities recently concluded what they term an “emergency sale” of nearly 50,000 Bitcoin (BTC). Today, the authorities revealed that they netted an unprecedented €2.639 billion ($2.88 billion) from the Bitcoin selloff. In addition, they regulators deemed the BTC price action “irrelevant” to their selloff decision.
The German Bitcoin sale took place between June 19 and July 12, concluding efforts that began in January. During that time, a Bitcoin stash worth about $2.1 billion at seizure was confiscated. The confiscation was part of an investigation targeting piracy websites and money laundering, which involved individuals from Germany and Poland.
Despite the substantial windfall, the proceeds remain under custody pending the outcome of ongoing criminal proceedings. “The proceeds do not initially represent any additional income for the Free State of Saxony, but are held in custody until the criminal proceedings have finally concluded,” stated the prosecutor’s office, according to a report by Decrypt.
The sale was orchestrated through a collaborative effort involving the Saxon Police’s Central Office for the Safeguarding, Custody and Utilization of Cryptocurrencies, and the Dresden Public Prosecutor’s Office. In addition, Bankhaus Scheich, a trading firm in Germany, played a pivotal role. It was entrusted with the task of executing the sale in a fair manner and minimally disruptive to the market.
“The bank was commissioned to sell the Bitcoins in a way that was fair and gentle on the market,” emphasized the prosecutor’s office. In addition, they highlighted the delicate balance struck between liquidating the assets swiftly and ensuring market stability.
Also Read: Is Ethereum ETF Approval “Sell The News” Event Like Bitcoin ETF?
Bitcoin’s price remained extreme volatile during the sale period, with prices fluctuating from around $65,000 to a low of $55,000. However, authorities maintained that market conditions were deemed “irrelevant” in their decision-making process. “The Bitcoin price and market conditions were ‘irrelevant’ in its decision to sell the BTC and that it was prohibited from waiting for prices to rise,” the prosecutor’s office clarified.
They cited legal requirements that necessitate an “emergency sale” when there is a perceived risk of significant value loss, typically defined as 10% or more. Data compiled by blockchain analytics firm Arkham Intelligence revealed that the seized Bitcoin was liquidated through centralized exchanges such as Kraken, Coinbase, and Bitstamp.
In addition, the German government depended on over-the-counter firms including Flow Traders and Cumberland DRW for the Bitcoin selloff. The specific institutions involved in the sale were detailed, with one participant remaining unidentified.
The decision to proceed with the sale despite market volatility conforms to the asset management regulations in Germany. The prosecutor’s office justified their actions based on the “enormous and extreme speed of price fluctuations” characteristic of Bitcoin. This makes it necessary to adhere to statutory provisions aimed at mitigating financial risk.
Also Read: Mt Gox News: 13K Creditors Repaid In Bitcoin & BCH, Major Selloff Imminent?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Samson Mow, a prominent Bitcoin (BTC) advocate and maximalist, has proposed a bold buyback strategy. It is aimed at reintegrating 50,000 Bitcoin into Germany’s national reserves. This proposition comes in response to the recent selloff of the same amount of Bitcoin with the government wallet left with zero BTC now.
The German government has successfully disposed of the Bitcoin reserve seized from the now-defunct Movie2k website. Joana Cotar, an independent member of the German Bundestag, took to social media platform X to express her frustration. “0,” Cotar wrote, referencing the zero balance of Bitcoin now held by the government. “Congratulations, you have to be that stupid first,” she continued.
The statement emphasizes her dissatisfaction with the government’s handling of the cryptocurrency assets. Moreover, Samson Mow’s proposal comes in timely, as it coincides with mounting criticisms and calls for a more strategic approach to crypto management. In a post on X, Mow argued that while the German government had no choice but to offload the seized BTC. Hence, he suggested that a robust plan to re-acquire at least 50,000 BTC should be established.
He wrote, “The German government had no choice but to dispose of the 50,000 BTC seized from Movie2k. However, this October we should put together a concrete plan for Germany to re-acquire at least 50,000 BTC in a proper nation-state #Bitcoin adoption strategy.” Moreover, he tagged both Joana Cotar and Bitcoin im Bundestag, an organization dedicated to improving Bitcoin education in politics.
The controversy was further fueled by a user query about the legal obligations surrounding the sale of seized BTC. Mow clarified that in many jurisdictions, including Germany, governments are indeed obligated to liquidate seized assets. This point likely explains the recent selloff.
Also Read: Breaking: Germany Runs Of Bitcoin With 3846 BTC Moved To Flow Traders
The recent liquidation of the German government’s Bitcoin holdings, led to dump of over 50,000 BTC since mid-June. Moreover, it had a noticeable impact on the crypto market. The relentless selloff contributed to a downtrend, keeping Bitcoin price below the $60,000 mark.
However, with the selloff now concluded, market analysts are optimistic about a potential recovery phase. Michaël van de Poppe, a renowned crypto analyst, highlighted that the market has now absorbed the $3.5 billion BTC sell pressure. He lauded Bitcoin’s resilience at $58,000. Hence, he believes that a recovery is incoming.
Michael Saylor, founder of MicroStrategy and a well-known Bitcoin proponent, also weighed in on the situation. On X, Saylor wrote, “You don’t sell your #Bitcoin.” The message was written in German, aiming to make it clear to the German government that HODLing BTC is better.
Meanwhile, Cotar has been particularly outspoken about the government’s Bitcoin strategy. Cotar described the selloff as “counterproductive,” arguing that Bitcoin presents a unique opportunity for asset diversification and risk mitigation.
Moreover, the German lawmaker invited key officials to her upcoming lecture on October 17. Samson Mow is also expected to attend this event. This lecture could serve as a platform to discuss and potentially formalize Mow’s Bitcoin buyback proposal.
Also Read: Bitcoin Selloff Intensifies As German Govt. Offloads 3450 BTC To Exchanges
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The German government has continued its Bitcoin selloff, transferring 3450 BTC to various exchanges and addresses. This transfer occurred on Friday, July 12, with coins moving to major exchanges like Coinbase, Kraken, and Bitstamp, as well as to addresses starting with bc1qu3 and 139Po. Following this transfer, the German government’s remaining Bitcoin holdings have decreased to 6394 BTC.
This latest move is part of an ongoing strategy to liquidate a portion of the government’s substantial Bitcoin holdings, which were originally seized from a movie piracy website. The sale represents a significant step in the government’s efforts to manage these digital assets.
According to Arkham Intelligence data, the 2700 BTC transfer was distributed across several exchanges and addresses. Coinbase, Kraken, and Bitstamp each received 400 BTC, valued at approximately $22.90 million per exchange while Cumberland received 748.25 BTC valued at $42.78 million. The remaining 1500 BTC were sent to various other addresses, suggesting potential future sales.
A notable transaction involved 1000 BTC (worth about $57.26 million) being transferred to an address associated with the B2C2 Group. This address, 139PoP…H7ybVu, has been observed frequently receiving funds from the German government and typically acts as an intermediary, redistributing funds to other wallets. An additional 500 BTC, valued at around $28.63 million, was moved to another address, potentially indicating further upcoming liquidations. These transactions have significantly impacted Germany’s Bitcoin reserves, reducing them to 5,646 BTC.
In a twist, Arkham data revealed that Kraken and Bitstamp subsequently transferred 500 BTC back to the German government address. These recent development saw exactly 250 BTC sent by each of the above exchanges sent to the German Government address. This has slightly increased the total remaining holdings to a current valuation of $350.16 million.
Also Read: Animoca Brands Launches Validator on Bitcoin L1 Core to Boost Security
The current selloff is part of a larger trend that began in mid-June 2024. On June 18, the German government reportedly held 50,000 BTC. Since then, there have been several large-scale transfers, including over 10,600 Bitcoin offloaded on July 10, which stripped the government of its “Bitcoin Billionaire” status.
Despite these substantial sell-offs, the Bitcoin price has shown resilience, remaining relatively stable around $57,000. However, the cumulative effect of these sales has not been without impact. Earlier in the week, on July 8, Bitcoin hit a four-month low, dropping below $54,000. Over the past 20 days alone, the German government has liquidated approximately 39,000 Bitcoins from its reserves.
While these sales initially exerted downward pressure on the Bitcoin price, the market appears to have largely absorbed the impact. As of the latest data, Bitcoin is trading at $57,246.53, with a 24-hour trading volume of $23.1 billion and a market cap of $1.1 trillion, showing a slight decline of 1.77% in the past 24 hours.
Also Read: US SEC Eases Crypto Reporting For Banks And Brokerages
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Bitcoin selling coming from the German government continued late on Thursday, July 11, as it offloaded an additional $376 million worth of bitcoins taking its total holdings under 10K BTC.
The German government continued to offload its holdings on Thursday while initially moving out 10,627 BTC worth $616 million at a price of $57,976 per BTC. However, as per the data from Arkham Intelligence, it received back 4,169 BTC worth $241 million at a price of ~$57,469 per BTC.
Following the current sale, the German government now retains only 9,094 Bitcoins to sell, currently valued at $520 million. Over the last month, the German government has liquidated 82% of its Bitcoin holdings selling of nearly 41,000 BTC in the open market.
Over the last three days, the German govt. has been selling off heavy quantities. If they continue selling out at the current pace, it would take them a maximum day or two to liquidate all their holdings.
So far, there’s no official word from the German government as to why they have been selling off their BTC so fast. Also, there’s no clear logic as to why the govt. is selling earlier and buying off partial BTC in the market.
However, the good thing is that the Bitcoin price has remained more or less steady around $57,000 over the last two days.
Also Read: German Bitcoin Sales Impact Wanes, What’s Next?
After dropping all the way to $53,500 earlier this week, Bitcoin has delivered a healthy recovery to $58,000. While the German govt. was selling this week, the spot Bitcoin ETFs inflows have remained very strong in an attempt to nullify the selling pressure.
Although the German government’s BTC movement hasn’t much impacted the BTC price, the focus has now shifted to the macro indicators. The US CPI data for the month of June came lower than expected. However, Bitcoin bulls are failing to pull off an upside and the BTC price is trading 1.4% down slipping under $57,000 as of press time. On-chain data provider Santiment stated that is a sell-the-new movement for BTC.
The US CPI report came out today with news of a core CPI 3.3% rise vs. 3.5% expected, appearing bullish for crypto. However, with many already anticipating a good report and prices being driven up in the days prior, this was a perfect ‘buy the rumor, sell the news’ event. pic.twitter.com/RqeE7L2eHv
— Santiment (@santimentfeed) July 11, 2024
Also Read: BTC Price To Reclaim $60,000 As Institutional Investors Pile 102k Bitcoin
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: