Analyses
Daily News Summary 8/7
July 8, 2024

German Government Sells Bitcoin Again
The German government’s wave of Bitcoin sales continues. This time, they transferred 250 BTC to Bitstamp, 250 BTC to Coinbase, and an additional 500 BTC to an undisclosed, presumably OTC address, likely with the intent to sell. The German government still holds 38,826 BTC in known addresses, totaling approximately $2.17 billion in value.
Immunefi and Ethereum Launch Joint Contest
The web3 bug bounty platform Immunefi and the Ethereum Foundation have jointly launched the “Attackathon,” a large-scale collaborative audit competition for the Ethereum network. The event features a time-bound code review program that involves top security experts. The Ethereum Foundation is supporting the reward pool with $500,000.