U.S. Government Among Large Bitcoin Sellers; Exciting Altcoin & Airdrop Updates
31m
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Collective Shift
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Join Matt and Nick as they cover why so many large Bitcoin holders are selling (e.g. U.S. government, Celsius, FTX) and when it will end. They also cover exciting altcoin updates that they looking forward to.
Key Takeaways
- The U.S. government filed its intent to sell roughly $117M worth of BTC. Importantly, this is just a slither of its total BTC holdings worth roughly $9 billion, which will presumably be sold in time.
- This week, the U.S. Federal Reserve meets for the first time in 2024. No rate change is expected. Chair Jerome Powell’s post-meeting press conference will be a must-follow.
- A bug in a popular Ethereum execution client (i.e. Nethermind) sparked some concerns last week about client diversity, resulting in a push to improve Ethereum’s client diversity.
- The ‘Dencun’ upgrade will be deployed on the final two Ethereum testnets by February 7. If they go smoothly, expect a mainnet release date to be finalised and increased anticipation over the upgrade.
- The JUP airdrop is happening on January 31. This will be one of the biggest airdrops in 2024. Be extra mindful of attempted scams.
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