China News by Thebittimes.Com

BlackRock’s iShares Bitcoin Trust (IBIT) saw a record $872 million in net inflows on Oct. 30 as cumulative BTC held by US Bitcoin ETF (exchange-traded fund) products closed on the 1.1 million held by Bitcoin creator Satoshi Nakamoto. Overall, U.S. Bitcoin ETFs registered nearly $900 million in inflows on Wednesday alone, as Bloomberg ETF analyst Eric Balchunas said they are gobbling up BTC ‘’like Pac-Man on a bender.’’ Ok we gonna need to move up our predictions as yest alone the btc ETFs gobbled up over 12k coins like Pac-Man on a bender, now hold 996k btc- good chance to pass 1 million today (as the ridic volume yest likely to translate to big flows tonight). Legit shot to get to Satoshi by… https://t.co/Ua9GzhsBwE pic.twitter.com/84bBprhi6I — Eric Balchunas (@EricBalchunas) October 30, 2024 Bitcoin ETF Inflows Fueled By Factors Including Possible Donald Trump Election Win The surge in inflows marks the largest single-day inflow for B...

On Nov. 23 an unknown Bitcoin owner sent 139.4 BTC to AntPool, triggering over $3 million in fees. According to journalist Colin Wu, the transaction fee was 83.65 BTC. According to mempool, today bc1qn3d…wekrnl paid a fee of 83.65 BTC (approximately $3.136 million) when transfer ring 139.42 BTC to bc1qyf…km36t4, and finally received 55.77 BTC. The block 818087 fee was captured by the mining pool AntPool. https://t.co/uZQ1aYfpMB — Wu Blockchain (@WuBlockchain) November 23, 2023 Data from analytics platform Whale Alert shows that the user paid $3.14 million to send the funds. This is one of the largest commissions in the history of the crypto industry. The source claims that the AntPool mining pool received the reward for this transfer . Source: Whale Alert At the time of publication, AntPool representatives did not comment on the transaction. It is also unknown what exactly caused the high transaction fees. As the load on the network increases, transaction fees can also...