1. BTC fell below $56,000, ETH fell below $3,000, and the entire network liquidated $576 million in the past 24 hours
BTC fell below $56,000 and is now quoted at $55,490, down 3.09% in 24 hours. ETH fell below $3,000 and is now quoted at $2,957, down 5.26% in 24 hours. According to coinglass data, in the past 24 hours, the entire network had a liquidation of $576 million, a liquidation of $499 million in long orders, and a liquidation of $76.65 million in short orders. A total of 215,000 people were liquidated, and the largest single liquidation occurred on Binance - ETHUSDT was worth $18.4832 million. Parsec data shows that in the past 24 hours, more than $49 million in collateral was liquidated on the DeFi chain, including $18.5 million worth of ETH, $13 million worth of wstETH, and $12.3 million worth of wBTC.
Read the original article
2. The U.S. announced that the seasonally adjusted non-farm payrolls in June increased by 206,000
The United States announced that the seasonally adjusted non-farm payrolls increased by 206,000 in June, from 272,000 in the previous month and 190,000 expected; the unemployment rate rose to 4.1% in June, from 4% in the previous month and 4% expected, the highest since November 2021.
3. Mt. Gox official: The bankruptcy trustee has repaid BTC and BCH to some creditors
Mt. Gox said that on July 5, 2024, the bankruptcy trustee had repaid Bitcoin and Bitcoin Cash to some creditors through some designated cryptocurrency exchanges in accordance with the reorganization plan. The repayment of other creditors will be carried out quickly after the following conditions are met: confirmation of the validity of the registered account and other matters; the designated cryptocurrency exchange's intention to accept the agent reception agreement; the bankruptcy trustee and the designated cryptocurrency exchange have completed discussions on repayment; and confirmation that repayment can be carried out safely. We ask eligible creditors to wait for a while.
Read the original article
4. “The Chinese government holds 194,000 bitcoins for sale” is false information
Recently, a table about the Bitcoin held by various governments has been widely circulated, which states that the Chinese government holds 194,000 Bitcoins from PlusToken. According to previous investigations, this statement is wrong. After communicating with many OTC merchants, a large part of these coins were sold during the period of BTC$7000-$12000 from the end of 2019 to the middle of 2020. The "funds and proceeds obtained shall be confiscated according to law and turned over to the state treasury" in the judgment also confirms this statement to some extent. On-chain data also shows that most of the Bitcoin has already been sold through Huobi.
Read the original article
