According to recent blockchain data, Tesla's Bitcoin (BTC) wallet has made significant token transfers to various wallets.
In a recent turn of events, activity has been detected for the first time in two years from a cryptocurrency wallet associated with Tesla.
A series transfer of transactions in Bitcoin occurred from a wallet, which was initialy holding around $765 million worth of BTC, to a different address. After these test transactions the wallet was emptied.
The implications of these transaction and the potential for further movement remain unclear. Notably, the receiving wallet is not identified as belonging to any specific organization, as indicated by Arkham’s data.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.