Binance Turns 7, Hedge Funds Target BTC at $120k, Trump’s Impact on Markets ⚡️ Hamster News

⚡️Hamster News⚡️

Hey Hamsters! 🐹 Welcome to a new week! Binance’s 7th anniversary, $100 billion of allegedly illicit crypto, and an opportunity worth $4.4 billion – all of that and more in today’s Hamster News. Binance, the world’s biggest crypto exchange, is celebrating 7 years! The exchange was launched in July 2017 by Changpeng Zhao. The exchange is currently run by Richard Teng, who shared that Binance reached over 210 million users! Large hedge funds have been buying Bitcoin while it was down last week, with $100-120k price targets, totaling around $1 billion of inflows over the past week, a global digital asset trading firm QCP shows. Whales have also taken advantage of the latest market dip, accumulating 71,000 Bitcoin, with the majority of that Bitcoin — worth $4.4 billion at current prices — bought July 5, when Bitcoin touched $54,200. Cryptocurrency exchanges have received nearly $100 billion worth of crypto from well-known illicit addresses since 2019, according to Chainanalysis. What’s unexpected is that the huge portion of these illicit funds is not in Bitcoin or Ethereum, but in stablecoins. After an assassination attempt on Trump on Saturday, many media claimed that it prompted Bitcoin’s price spike. That's all for today! Subscribe and remember: Hamsters are power 💪

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🖇 Binance, the world’s biggest crypto exchange, is celebrating 7 years
Large hedge funds have been buying Bitcoin while it was down last week, with $100-120k price targets
Bitcoin whales accumulate 71000 BTC amidst price dip
Crypto’s $100 billion in illicit flows swamp stablecoins, exchanges
Trump assassination attempt triggers Bitcoin spike