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  • Ancient Bitcoin Whale Abruptly Awakens, Relocates About $60M 🐋

Ancient Bitcoin Whale Abruptly Awakens, Relocates About $60M 🐋

Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal, Industry Sources Think Trump May Announce BTC as a Strategic Reserve Asset, and more!

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Traci Smith & Mike Cullison
July 19, 2024

GM 💡 Let’s cap off the week with a banger! Get your Daily Gains Crypto News hot off the press! 👍

In Today’s Crypto World:

  • Industry Sources Think Trump May Announce BTC as a Strategic Reserve Asset 🤔

  • Ancient Bitcoin Whale Abruptly Awakens, Relocates About $60M 🐋

  • Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal 💵

  • Gainers & Newbies 👀

  • 3 Huge Marvel Drops ‼️

  • BTC Addresses With Over > 0.1 BTC 🏠

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Industry sources think Trump may announce Bitcoin as a strategic reserve asset

Former US President Donald Trump is rumored to make a groundbreaking announcement at the upcoming Bitcoin 2024 Conference in Nashville.

cryptoslate.com

Ancient Bitcoin Whale Abruptly Awakens, Relocates About $60,000,000 in BTC After Nearly 12 Years of Dormancy

A deep-pocketed investor owning a long-dormant Bitcoin wallet just moved 1,000 BTC after nearly a dozen years of inactivity.

dailyhodl.com

Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal

The Barstool Sports chief wouldn't buy at BTC's current prices, but he's "always" willing to take it as payment. "I believe in it that much."

www.coindesk.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
3 HUGE MARVEL DROPS ‼️

CHART OF THE DAY
BTC ADDRESSES WITH OVER > 0.1 BTC 🏠

What Is This Chart Showing?

The number of unique addresses holding at least 0.1 BTC.

Why Is This Chart Useful?

It can be used alongside the other Address Balance charts to understand whether adoption is increasing or decreasing generally for Bitcoin over time, and also whether usage is increasing or decreasing among specific cohorts.

For example, there are times when the number of addresses that hold small amounts of bitcoin significantly increases, while over the same period, there are decreases among addresses that hold larger amounts of Bitcoin. Having access to that type of information alongside other data can be valuable to the strategic investor.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - HOW TO CREATE A TOKEN 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS OP? 💡

Optimism (OP) is a leading Layer 2 scaling solution for Ethereum, aimed at enhancing transaction speed and reducing costs. Key points include:

  1. Scalability: Optimism significantly boosts Ethereum's throughput, handling thousands of transactions per second by utilizing optimistic rollups.

  2. Lower Fees: It offers dramatically reduced transaction fees compared to Ethereum’s mainnet, making it more accessible.

  3. Compatibility: Fully compatible with existing Ethereum smart contracts, enabling seamless migration for developers.

  4. Security: Inherits Ethereum’s robust security model, ensuring reliable and secure operations.

These features make OP an essential tool for improving Ethereum’s efficiency, affordability, and overall user experience.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILYMEMES 🤣

Brought To You By: DailyGainsCrypto.com

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/