The International Monetary Fund has approved the disbursement of $138 million in financing to El Salvador, requiring El Salvador to reduce state participation in Bitcoin activities, strengthen cryptocurrency asset regulation and transparency, not increase holdings of Bitcoin except for recorded donations, and transfer control of the Chivo Bitcoin wallet operation to private operators. (Source: International Monetary Fund)
A Bitcoin address that has been dormant for more than 13 years has awakened. The address hoarded 801 BTC when the Bitcoin price was between $124.86 and $411.75. Today at 17:43:54 (UTC+8), it transferred $43 BTC for testing. Currently, the position has a floating profit of $67.82 million.
[IMF Grants $138 Million Loan to El Salvador, Waives Bitcoin Violations]
The Executive Board of the International Monetary Fund has completed its review of El Salvador, approving the disbursement of $138 million in immediate funds and waiving violations caused by El Salvador's increased Bitcoin holdings. At the same time, it has requested El Salvador to cease increasing its Bitcoin holdings and to clean up the Chivo wallet project. (Source: International Monetary Fund)
Jack Yi, founder of Liquid Capital, stated that he is currently adopting a wait-and-see attitude towards Bitcoin, optimistic about a pullback but not short selling. If Bitcoin falls below $82000, it may hit three support levels of $79000, $75000, and $71000, and there is also a possibility of using volatility to replace a pullback. Currently, no operation is being carried out.
