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Whales used the recent market volatility to accumulate more XRP and DOGE once again.
Quick Take The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the project’s presale quickly sold their token allocations. Bankless Ventures, which received criticism after selling 10% of its allocation in an “impulsive mistake,” later rebought the tokens. In response to the controversy, the DAO said it “will implement a vesting structure for individual allocations and are having discussions with advisors to d
Quick Take A lawsuit from New York Attorney General Letitia James alleges that a ring of crypto scammers has stolen at least $2.2 million from New Yorkers solicited from fake remote work offers. James seeks to become the first regulator to serve unidentified scammers a lawsuit via an airdropped NFT.
US Nonfarm Payrolls and Unemployment Data have been released. Here is the latest.
- 10:4210xResearch: Speculation Arises That the Miner Whale Dormant for 14 Years May Be Linked to "Bitcoin Jesus" Roger VerBlockBeats News, July 5 — 10xResearch posted on social media that there is speculation the “Bitcoin miner whale who awoke after 14 years of dormancy yesterday” may be connected to “Bitcoin Jesus” Roger Ver. He was released from a Spanish prison on medical bail on June 5 this year, and the last time these bitcoins were moved was in May 2011—coinciding with Roger’s entry into the Bitcoin space in February 2011. He is believed to hold billions of dollars’ worth of bitcoin. BlockBeats note: Roger Ver, known as Bitcoin Jesus, is one of the earliest angel investors in Bitcoin. He has supported several startups including BitPay, Purse, and ShapeShift. He is also the CEO of the portal Bitcoin.com.
- 10:42Over 1.16 Million Have Voted on Whether Musk Should Form the "American Party," with 65% in FavorBlockBeats News, July 5 — Elon Musk previously launched a poll on whether to create an "American Party." So far, more than 1.16 million people have participated, with 65% voting "yes" and 35% voting "no." There are only four hours left until the poll closes. On July 4 local time, U.S. President Trump signed a tax and spending bill into law. Earlier, on June 30 local time, Musk posted dozens of messages, stating that lawmakers who supported the bill should be ashamed and declaring that if the bill passed, he would establish the "American Party" the very next day.
- 10:42A Major Whale Deposits 50 WBTC Worth Approximately $5.41 Million into a CEXBlockBeats News, July 5 — According to monitoring by EmberCN, the “whale/institution that accumulated 1,495 WBTC at a price of $69,162 last year” has continued to take profits, transferring 50 WBTC (approximately $5.41 million) to an exchange two hours ago. So far, this entity has sold 773 WBTC (about $74.58 million) at an average price of roughly $96,481. The remaining WBTC holdings stand at 703.8 WBTC (approximately $75.95 million).