Hello everyone, I am Ali, from Wujie Club. Wujie Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
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Bitcoin ETF flows surge to 5-week high
Recently, the Bitcoin ETF market has experienced a significant wave of capital inflows, totaling as much as $310 million. This was largely driven by gains led by BlackRock and Fidelity, with BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) each contributing $120 million. and $115.1 million in funding. The Bitwise Bitcoin ETF is in third place with $28.4 million, while the Grayscale Bitcoin Trust (GBTC) also reached a new high of $23 million. While some other large Bitcoin ETFs such as VanEck and Invesco Galaxy also received inflows respectively, Hashdex, Franklin Templeton Valkyrie, and WisdomTree’s spot Bitcoin ETFs failed to receive inflows. Overall, this rush of capital inflows was the Bitcoin ETF market’s best performance since June 5.
Statistics show that spot Bitcoin ETF issuers received a total of $1.04 billion in inflows this week. Since its launch, spot Bitcoin ETFs have received a total of $15.8 billion in net inflows. This figure also includes more than $18.6 billion in outflows from Grayscale's flagship Bitcoin product, which was converted to spot form after approval by U.S. securities regulators in January.
It is worth mentioning that the Hashdex Bitcoin ETF (DEFI) was the only spot Bitcoin ETF to experience net outflows, although its size was relatively small at only $2 million.
Meanwhile, Bitcoin has gained 1.1% in the past 24 hours and is currently trading at $57,858. However, it has fallen nearly 15% in the past month and is still more than 21% away from its all-time high. Looking ahead, some Bitcoin ETF issuers are planning to issue spot Ethereum ETFs, which could be launched as early as next week. These issuers are currently waiting for the U.S. securities regulator to sign off on their revised S-1 registration statements after receiving the first round of feedback at the end of last month.
2
Germany sells out 3 billion bitcoins, Mt.Gox sell-off becomes focus
The German government recently successfully completed the disposal of 50,000 bitcoins seized from the movie piracy website Movie2K. After weeks of transfer, these bitcoins were eventually dispersed to multiple exchanges and market makers, including Flow Traders and 139Po, and the wallet balance was cleared. The orderly handling process of the German government effectively alleviated the market's concerns about the possible selling pressure brought by these bitcoins, and also demonstrated the German government's responsible attitude in managing seized assets.
This move has played a positive role in stabilizing the price of Bitcoin. Although the release of these Bitcoins once caused the market to worry that it might cause a price drop, the market's positive response and the German government's orderly handling have gradually dissipated these concerns. Currently, the price of Bitcoin remains below $60,000, and the market's overall reaction to this incident is stable.
In addition, the Mt.Gox Bitcoin sell-off has become the focus of market attention. As the German government emptied its seized Bitcoin wallets, the focus of market attention has shifted to the Bitcoin sell-off of Mt.Gox. Mt.Gox was once the world's largest Bitcoin exchange, but it went bankrupt due to a hacker attack in 2014, resulting in a large number of Bitcoins lost or stolen. Currently, a portion of the Bitcoin recovered through legal procedures will be repaid to creditors in accordance with the rehabilitation plan. This repayment plan is expected to have a significant impact on the market, as creditors may choose to sell the Bitcoin they received, bringing selling pressure to the market. However, given the increased depth and liquidity of the Bitcoin market, as well as the more mature strategies of investors and traders to deal with large-scale sell-offs, the resilience of the market and the maturity of investors are expected to help mitigate this impact.
Today’s recommendations are EDU, SC, NEAR, and OAX.
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EDU
EDU coin, also known as Open Campus or EduChain, is a token in a blockchain project related to the education industry. It ranks around 285th in global market value, with a circulation rate of about 26%, a maximum issuance of 1 billion, and a total circulation of 260 million. EDU coin is a project positioned as a public chain in the education industry. It uses the advantages of blockchain technology to build a variety of application scenarios in the education industry, and is committed to creating an open source community with global influence through the community, third-party developers, and technological innovation. The current price is $0.618.
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SC
SC coin, full name Shark Cat or Siacoin, is a cryptocurrency based on blockchain technology. The total issuance of SC coins is 48.384 billion, and the circulation volume has also reached 48.384 billion, with a circulation rate of 100%. The long-term holding prospects of SC coins have attracted much attention, mainly because of the technological innovation of the Sia network, market demand, and cooperation with other important partners. The distributed storage technology adopted by the Sia network is an innovative solution that can effectively solve problems in the field of data storage and is expected to gain more attention and recognition in the future. The current price is 0.0047 US dollars.
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NEAR
NEAR coin is a cryptocurrency issued based on the NEAR Protocol. The NEAR Protocol is a decentralized application platform designed to make it easy to build, deploy, and scale decentralized applications. NEAR coin is the native token on this platform, which is used to pay network fees, participate in governance, and as a reward to encourage developers to build and expand the NEAR ecosystem. The NEAR protocol is designed to provide the necessary speed and scalability while maintaining sufficient decentralization and security to meet demand in the next few years. The current price is $5.147.
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OAX
OAX coin, full name OpenANX, is a cryptocurrency issued by OAX Foundation. It is based on Ethereum ERC20 standard and aims to solve the security, transparency and asset operation problems faced by traditional centralized exchanges. It is designed as an open source decentralized exchange platform that uses smart contracts to ensure the transparency and security of transactions and provides a trusted public digital ledger to record all transaction and asset information to ensure the traceability and validity of assets. The current price is $0.150.
Review of club recommendations
1.【acre】
Akro, as a leader in the Defi sector, has recently topped the list of gains again. Recently, many currencies in the Defi sector, such as Beta and Lever, have emerged and occupied a prominent position in the list of gains. For Akro, a small-cap currency that has no contracts on BN, our team gave a clear holding suggestion in the afternoon survey, that is, buy at around 0.0047. Soon after, Akro ushered in a wave of rapid growth, and the current price has climbed to 0.0056, an increase of more than 15%. We have once again successfully grasped the pulse of the market and accurately captured the hot spots.
2.【RAY】
Like AKRO, RAY is also a token project on Binance that only has spot but no contracts. As expected, this type of token is the easiest to rise, and you can also look for potential targets to ambush in this way. The club found that RAY has been consolidating at the bottom for too long and has signs of rising, so it chose to ambush. It is recommended to open a position at 1.5, and the highest rise is 1.81, an increase of more than 20%.
Anything produced by Wujie must be of high quality.
Unbounded Club is a crypto community club focusing on primary projects, secondary transactions, airdrop tutorials and on-chain capture. The club provides market analysis, trading strategies, the latest airdrop information and project investment opportunities, and is committed to helping club members obtain comprehensive information in the Crypto field.
Thank you for reading this. A-li is with you. I wish you a happy life. Good morning, good afternoon, good night, and see you next time. #NEAR🚀🚀🚀 #EDUChain #OAX #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date
