Daily digital currency dynamics summary (2024-07-04)
1. Bloomberg analyst: Ethereum spot ETF may be listed and traded later next week or the week of July 15.
2. 9 US spot ETFs hold 208 new bitcoins.
3. Carbon emissions of large technology companies exceed the total amount of Bitcoin mining.
4. The correlation between Bitcoin and S&P 500 has dropped sharply, which may indicate a potential bottom.
5. The Basel Committee approved the risk disclosure framework and capital standards for banks' crypto assets.
6. More than 200 major hacking incidents occurred in the crypto field in the first half of this year, with a loss of about US$1.56 billion.
7. Standard Chartered Bank: August 4 is a key date for Biden to make a decision. If he withdraws from the campaign, it may push Bitcoin to a new high.
8. In June, the proportion of Bitcoin long liquidations once reached 70%, indicating that market instability has increased.
9. Signs of "surrender" by Bitcoin miners may be a bottom signal.
10. The former US Attorney General questioned the constitutionality of the Federal Reserve structure on behalf of the crypto industry in the Custodia Bank case.
11. Due to the current market liquidity level, Bitcoin prices face a high downside risk.
