**Flexa launches simplified crypto payment tool, making merchant payment easier! **

Hello everyone! Today we are here to talk about an exciting news: Flexa has launched a new tool called Flexa Components, which aims to simplify the crypto payment process for merchants. This tool enables direct and free digital wallet transactions. Let's take a look at its highlights!

First of all, Flexa Components allows customers to pay for purchases using their favorite crypto wallet. Whether you are a fan of Bitcoin (BTC), Ethereum (ETH), USDC, Sol (SOL) or Litecoin (LTC), you can easily complete the payment through this tool. Customers only need to use the mobile wallet app to scan the QR code or click the "Pay" button in the merchant's payment system, just as convenient as using existing mobile payments such as Google Pay.

Doesn't this sound cool? 😎

Even better, Flexa has signed with several well-known retailers, including Chipotle, Mikimoto, Regal Cinemas and 99 Ranch Market. This means you can pay with cryptocurrency in these places and enjoy a more convenient shopping experience.

For merchants, the launch of Flexa Components is undoubtedly a boon. It not only simplifies the payment process, but also eliminates transaction fees, benefiting both merchants and customers. Imagine that you no longer have to worry about high transaction fees and complicated payment processes!

Of course, the launch of any new technology will trigger some discussions and questions. What do you think about the future of crypto payment tools? Will you use cryptocurrency payments in your daily life? Welcome to share your views and experiences in the comment area, let's explore this interesting topic together!

Overall, the launch of Flexa Components marks another step forward in the field of crypto payments. Whether you are a loyal supporter of cryptocurrency or are just beginning to understand this field, this is news worth paying attention to. Let's wait and see how it will change the way we pay!

Remember to leave your opinions in the comment area, we look forward to interacting with you!

### Bitdeer's Q2 2024 financial report is out: revenue and profit both increased, market performance is outstanding

Hello everyone! Today we are going to talk about a big news in the field of cryptocurrency mining: Bitdeer has just released its financial report for the second quarter of 2024, and its performance is quite impressive! 📈

#### Revenue and profit both increased

According to the latest financial report, Bitdeer's total revenue in Q2 2024 reached US$99.2 million, an increase of 5.8% over the same period last year. Gross profit is not much less, reaching US$24.4 million, a year-on-year increase of 50.6%. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was US$24.9 million, a year-on-year increase of 33.2%.

#### Overview of operating data

Bitdeer's total computing power is also constantly improving. The total managed computing power in Q2 2024 increased by 1.186 EH/s compared with the same period last year, of which the self-owned computing power increased by 2.3 EH/s and the self-mining computing power increased by 3.8 EH/s. Although the cloud computing power has decreased, the managed computing power has increased.

The number of mining machines is also increasing, with a total of 223,000 units, an increase of 24,000 units over the same period last year. Among them, the number of self-owned mining machines increased by 16,000 units and the number of managed mining machines increased by 8,000 units.

#### Power Cost and Infrastructure

In terms of power costs, BitDeer's average power cost is US$43/MWh, an increase of US$2/MWh over the same period last year. Although the power cost has increased, this has not affected the company's overall profitability.

#### Financial Health

As of June 30, 2024, BitDeer held cash and cash equivalents of US$203.9 million, and its financial condition is quite sound. The company also plans to execute the SEALMINER technology roadmap and launch a 30-year lease agreement to lease 570 MWh of power capacity in Ohio, increasing the global total capacity to 2.5 GW.

#### Market reaction and future outlook

Despite the significant growth in global network computing power and the upcoming halving of Bitcoin block rewards, BitDeer still delivered a satisfactory report card. Chief Business Officer Matt Kong said that the company will continue to optimize operations and increase computing power and the number of mining machines to meet future market challenges.

#### Interaction time

Dear friends, what do you think of BitDeer's financial report? Do you think BitDeer can maintain this growth momentum after the Bitcoin block reward is halved?Feel free to share your views and opinions in the comments section! 😊

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This financial report analysis not only shows the strong performance of BitDeer, but also provides us with a window to observe the cryptocurrency mining market. Whether you are an investor or a cryptocurrency enthusiast, this financial report is worth reading. Looking forward to your interaction and discussion!

📢【Hong Kong accelerates stablecoin regulation, a new chapter of Web3.0 is about to begin! 】

Hello everyone! Today we are going to talk about a very interesting topic - Hong Kong is accelerating the establishment of a stablecoin issuer regulatory system, and has released a public consultation summary on stablecoin regulation. This news was released by the Hong Kong Ta Kung Pao on August 15, and instantly attracted widespread attention in the crypto circle.

First, let's take a look at why stablecoin regulation is so important. The next stage of development of Web3.0 in Hong Kong and even the world is to break the barriers between the virtual world and the real world, so that assets and funds can flow freely between the two systems. And RWA (Real World Assets) is an important innovation that breaks down technical barriers and accelerates the integration of virtual and real. Imagine how convenient and efficient it would be if you could freely trade real-world assets in the virtual world!

In the future, the vast majority of RWA transactions in Hong Kong will be completed with compliant Hong Kong dollar stablecoins as the carrier, and connected and interconnected with traditional finance through stablecoins. Without compliant Hong Kong dollar stablecoins, Hong Kong RWA practice will face huge challenges in terms of convenience and security. Therefore, the introduction of a stablecoin regulatory framework may lay the foundation for the innovative development of Hong Kong's RWA ecosystem. As the RWA ecosystem prospers, the role and value of the Hong Kong dollar stablecoin as a bridge for Hong Kong's Web3.0 to connect to the outside world will become more prominent.

This move by Hong Kong is not only for the local market, but also to set a good example globally. The compliance and security of stablecoins have always been the focus of regulators in various countries, and this move by Hong Kong undoubtedly provides a reference template for other countries.

Of course, the market's reaction to this news is also very neutral. On the one hand, everyone sees the security and compliance brought by regulation, and on the other hand, some people worry that regulation may restrict innovation. However, in general, this move is undoubtedly a big step towards a healthier and more sustainable development.

Friends, what do you think of Hong Kong's move to accelerate stablecoin regulation? What impact do you think this will have on the development of global Web3.0? Welcome to share your views and insights in the comment area, let's discuss this exciting topic together!💬

Looking forward to your wonderful comments!

📢 Big news! Binance reaches important milestone in India 🎉

BlockBeats news, on August 15, the world-renowned cryptocurrency trading platform Binance announced that it has successfully registered as a reporting entity with the Indian Financial Intelligence Unit (FIU-IND). This is Binance's 19th milestone in global regulation! This registration not only demonstrates Binance's firm commitment to complying with anti-money laundering (AML) standards, but also paves the way for its further development in the Indian market.

According to Chainalysis data, India ranks in the top five in estimated trading volume for centralized and decentralized trading platforms, lending protocols, and token smart contracts. With such a huge market potential, it's no wonder that Binance attaches so much importance to it! At present, Binance's website and application are fully open to Indian users, providing a complete set of services and tools to meet their needs.

Richard Teng, CEO of Binance, said: "Our registration with the Indian Financial Intelligence Unit marks an important milestone in Binance's development journey. We recognize the vitality and potential of the Indian virtual digital asset market. This cooperation with Indian regulators enables us to provide customized services to Indian users. We are honored to expand our leading platform into this booming market and support the continued development of the Indian virtual digital asset market."

This registration is not only an important progress for Binance in the Indian market, but also provides a good example for cryptocurrency companies in other parts of the world. After all, compliant operations are the cornerstone of long-term development of enterprises.

For cryptocurrency enthusiasts, this is undoubtedly good news. The opening of the Indian market means more trading opportunities and richer service options. Are you also looking forward to the future of the Indian market? Welcome to share your views and insights in the comment area!

In general, Binance's successful registration in India is not only part of its global expansion strategy, but also sets a good example for the entire blockchain industry. In the future, we can expect more cryptocurrency companies to achieve compliant operations worldwide and jointly promote the healthy development of the industry.

Dear friends, what do you think of Binance's registration in India this time?What impact do you think this will have on the cryptocurrency market in India and around the world? Come and discuss with us in the comments section! 💬

📢 Hello everyone! Today we have a big news about the blockchain industry to share with you! On August 15, Orderly Network announced a partnership with FUNL.AI, an automated DeFi trading agent based on Telegram, to bring you a better DeFi trading experience!

First, let's take a look at the highlights of this cooperation. FUNL.AI users will be able to enjoy full-chain trading and liquidity services provided by Orderly. What does this mean? In short, you can trade cross-asset perpetual contracts with a leverage of more than 50 times, enjoy the convenience of low latency and high-frequency trading, and easily transfer cross-chain assets between Base and other Orderly-supported networks. Doesn't it sound cool? 😎

This cooperation is not only a technical breakthrough, but also a comprehensive upgrade of the DeFi trading experience. Orderly Network will provide FUNL.AI users with full-chain liquidity, covering and supporting more than 20 DeFi protocols. This means that everyone can experience more diversified trading options and deeper liquidity support on one platform. Currently, Orderly Network has 400,000 active traders, and the total trading volume has exceeded the $70 billion mark!

Through this cooperation, the two parties will use Orderly's powerful full-chain infrastructure to further simplify and automate the trading process of Telegram users. The introduction of automated AI agents will redefine the way DeFi transactions are conducted, making it easier and more labor-saving for everyone to trade.

Orderly is a full-chain derivatives liquidity layer project dedicated to providing liquidity and settlement support for any asset, any public chain, and any product interface. Its shared order book integrates on-chain liquidity to provide deeper liquidity, smaller spreads and slippage for transactions. This undoubtedly brings more convenience and advantages to DeFi traders.

What impact will this cooperation have on the DeFi market? What do you think and expect? Welcome to share your views and insights with us in the comment section! Let's explore the potential impact and future development trends of this cooperation together!

In general, the cooperation between Orderly and FUNL.AI has brought more possibilities and convenience to DeFi transactions. Whether you are an experienced trader or a novice, you can find a trading method that suits you on this platform.We hope this cooperation can bring more surprises and benefits to everyone!

Leave a message in the comment area and tell us your thoughts! We look forward to interacting with you! 🎉

**Swell launches the first Bitcoin LRT swBTC in the Ethereum ecosystem to help Bitcoin holders earn income! **

Hello everyone! Today we have an exciting news! On August 14, Swell officially announced the launch of swBTC, the first Bitcoin LRT in the Ethereum ecosystem. This innovative initiative aims to help Bitcoin holders get more income through EigenLayer and other re-staking protocols Symbiotic and Karak.

So, how does it work? Users only need to deposit WBTC (Wrapped Bitcoin) to get swBTC. It is expected that swBTC will start to generate income from mid-September. This means that Bitcoin holders can not only hold their digital assets, but also earn more income through re-staking, which is really killing two birds with one stone!

Users who re-stake WBTC can also earn 3 times the black pearls and symbiotic points. These reward mechanisms undoubtedly provide users with more incentives and encourage everyone to actively participate. For those who want to realize asset appreciation through blockchain technology, this is undoubtedly a great opportunity.

This innovative initiative not only demonstrates the infinite possibilities of blockchain technology, but also provides Bitcoin holders with more choices and opportunities. Whether you are a veteran of blockchain technology or a novice, you can explore more ways to earn money in this way.

What do you think of swBTC this time? Welcome to share your views and questions in the comment area, let us discuss, learn and make progress together! 😊

In general, Swell's move has brought new vitality and possibilities to the blockchain industry. We look forward to seeing more similar innovations and providing users with more choices and opportunities. I hope everyone can find their own share of income in this industry full of opportunities!

Come and interact with us in the comment area! Every point of view of yours is our driving force!

### XION Foundation: Pioneer in the blockchain era of Web3

Hello everyone! Today we are going to talk about a very interesting blockchain project - XION Foundation. This non-profit organization is committed to promoting the development of the XION ecosystem and sticking to its core values. The goal of the XION Foundation is to create an open blockchain platform that enables developers to build Web3 applications that are accessible to everyone and everywhere. Isn't it cool? 😎

#### $XION Token: The driving engine of the ecosystem

The XION Foundation is about to launch the $XION token, which is a utility token that drives the XION Proof of Stake (PoS) network! It is not only used to protect the security of the network, but also aims to encourage participation, cooperation and growth of the ecosystem while ensuring the decentralization of the network. It can be said that the $XION token has laid a solid foundation for a thriving and self-sufficient ecosystem.

#### Breaking the barriers of blockchain technology

As an open blockchain platform, XION is committed to making Web3 applications accessible to everyone. It provides developers with the ability to create and deploy applications that can be used by users around the world, eliminating barriers to entry into the blockchain market. By simplifying access to blockchain technology, XION hopes to promote the popularization and democratization of financial services, asset ownership, and the digital economy.

#### XION Foundation Mission

The XION Foundation supports teams building secure, open source, decentralized applications within the ecosystem, with the primary goal of ensuring universal accessibility to Web3 through XION. The ultimate goal of the Foundation is to pave the way for a decentralized Internet where all users can participate freely and securely.

The Foundation will also promote new initiatives to grow the ecosystem, such as:

- Support developers building infrastructure and applications on XION
- Oversee community incentives and airdrop programs
- Fund research and development of scalable, accessible blockchain systems
- Support open source public goods for the ecosystem
- Encourage open, core development processes
- Oversee a rewards and delegation program to recognize meaningful contributions to the network

#### XION's Future Outlook

The XION Foundation will play a balancing role, providing guidance while ensuring that the community remains the leading force in the development of the ecosystem.The future of Web3 is collaborative and inclusive. The XION Foundation is committed to empowering people around the world to develop and use accessible blockchain applications. Our joint efforts aim to achieve a truly open and inclusive Web3 ecosystem, and XION plays a key role in achieving this vision.

#### About XION

XION is the first Layer 1 blockchain built specifically for consumer adoption through chain abstraction. The founder of XION is Burnt Banksy, who sparked a global discussion about NFTs three years ago by burning a Banksy artwork and casting it into an NFT. Through XION, Burnt Banksy is committed to democratizing Web3 and making it easy for everyone to own digital assets, removing unnecessary barriers and complexity.

By implementing features such as account abstraction, signatures, fees, interoperability, etc. at the protocol layer, XION is able to provide a secure, intuitive and seamless user experience. The project has raised over $36 million in funding from top investors such as Multicoin, Circle, Animoca, Hashkey, Spartan, etc.

What do you think about the XION Foundation and the $XION token? Feel free to share your opinions and questions in the comments section and let’s discuss!

### SEC strikes hard! Atlanta Drive Planning suspected of Ponzi scheme, assets frozen

BlockBeats latest news, the U.S. Securities and Exchange Commission (SEC) announced on August 14 that they have successfully obtained emergency permits such as preliminary injunctions and asset freezes from the court to investigate Atlanta Drive Planning LLC and its founder and CEO Russell Todd Burkhalter. The core of this investigation is that the SEC accused Drive Planning and Burkhalter of raising more than $300 million from more than 2,000 investors from 2020 to June 2024 by promising high returns (10% interest every 3 months).

### Ponzi scheme reappears, investors need to be vigilant

The SEC's investigation revealed that this is actually a typical Ponzi scheme. Drive Planning and Burkhalter used the funds of new investors to pay returns to existing investors, creating the illusion of high returns. In addition, the SEC also accused Burkhalter of misappropriating millions of investor funds to purchase a yacht worth $3.1 million, a charter flight and luxury car service worth $4.6 million, and a luxury apartment worth $2 million to satisfy his extravagant life.

### Official statement, calling on investors to be cautious

SEC Atlanta Division Director Nekaia Hackworth Jones said that Drive Planning and Burkhalter gained the trust of ordinary investors through false promises and implemented a typical Ponzi scheme. She called on investors to be wary of salespeople who over-promote high returns. In addition to obtaining emergency relief, the SEC also seeks permanent injunctions against the defendants, return of illegal gains and civil penalties, and requires Burkhalter to be banned from serving as a company executive.

### Future Outlook, the case is still under investigation

Currently, the case is under further investigation, and the SEC will continue to track illegal gains and take corresponding legal measures. For investors, this incident once again reminds us that when faced with high-return promises, we must remain vigilant and do a full investigation and risk assessment.

### What do you think?

Dear readers, what do you think about the SEC's investigation into Drive Planning and Burkhalter? Have you ever encountered similar investment scams? Please share your stories and insights in the comments section, and let's discuss how to better protect your investments!💬

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This newsletter not only brings you the latest insights into the blockchain industry, but also hopes to help more people improve their investment security awareness through interactive communication. Looking forward to your participation!

📢 Hello everyone! Today we are going to talk about an interesting crypto story: the latest developments of the Norwegian Sovereign Wealth Fund (NBIM) on Bitcoin!

On August 14, Vetle Lunde, a senior analyst at K33 Research, revealed some interesting data on the X platform: As of December 31, 2023, the number of bitcoins indirectly held by the Norwegian Sovereign Wealth Fund increased from 1,508 to 2,446, an increase of 938! Does this sound amazing? However, Lunde pointed out that this increase is likely due to a predetermined algorithm-based sector weight allocation and risk diversification strategy, rather than an intentional choice to increase Bitcoin exposure.

What does this mean? Simply put, the Norwegian Sovereign Wealth Fund is not actively buying Bitcoin, but indirectly holding more Bitcoin through some investment strategies. Nevertheless, this also reflects from the side that Bitcoin is gradually maturing as an asset and being included in a diversified investment portfolio. Do you think Bitcoin is becoming more and more like a "regular army"?

It is worth mentioning that, thanks to the promotion of some bigwigs, such as Michael Saylor, Jack Dorsey and Fred Thiel, the number of Bitcoin "satoshis" indirectly held by Norwegians per capita has reached 44,476 satoshis (about 27 US dollars). Does this make you more excited about the future of Bitcoin?

Specifically, the indirect exposure growth of the Norwegian sovereign wealth fund mainly comes from the following aspects:
- Exposure to MicroStrategy increased from 0.67% to 0.89%, and MicroStrategy increased its exposure to 37,181 bitcoins in the first half of 2024.
- Exposure to Marathon Digital increased from nothing to 0.82%.
- Exposure to Coinbase increased from 0.49% to 0.83%.
- Exposure to Block Inc increased from 1.09% to 1.28%.

Do these data give you new thoughts on Bitcoin investment strategies? Welcome to share your views and insights in the comment section! 📈

In general, although the Norwegian sovereign wealth fund did not directly buy large amounts of Bitcoin, their Bitcoin holdings have been steadily increasing through some indirect investment strategies. This may be a signal that Bitcoin is gradually being accepted by the mainstream financial market. What do you think of this indirect holding method?Are you also tempted to join this group? Come to the comment section to discuss with us!

Looking forward to your wonderful comments and interactions! Let us pay attention to the encryption story and gain insight into the latest developments in the blockchain industry!

🎮 **Web3 game rising star Autoverse Studios completes $8 million in financing, Auto Legends is coming soon! **

Hello everyone! Today we are here to talk about an exciting news: Web3 game studio Autoverse Studios has just completed a round of $8 million in financing! This financing was led by White Star Capital, and many well-known investment institutions such as Sfermion, RockawayX, Ocular, Sidedoor Ventures, MCE Group, Saison Capital and LiquidX participated in the investment.

The funds will be mainly used to develop Autoverse Studios' latest masterpiece - Auto Legends. This is a social drag racing Web3 game that aims to bring Web3 ownership and trading mechanisms to a large number of traditional free-to-play game players around the world. Doesn't it sound cool? 😎

Auto Legends will be a free game that supports PC, Mac, iOS and Android platforms. Players can enjoy the fun of racing on these platforms! However, if you want to experience the game more deeply, you can also choose to take advantage of Web3 functions. This means you can own and trade virtual assets in the game, truly achieving "play and earn at the same time"!

Currently, Auto Legends has been launched in the closed alpha test environment of the Epic Games Store, supporting PC and Mac platforms. Although it is still in the testing phase, it has attracted the attention and expectations of many players.

For those who are interested in blockchain and Web3 technology, this is undoubtedly a project worth paying attention to. Auto Legends is not just a game, but also a test field for exploring the application of Web3 technology in the field of games. How will it change our perception of games? This is undoubtedly a question worth looking forward to.

Of course, we also want to hear your opinions! What are your expectations for Web3 games? Do you think Auto Legends can successfully attract traditional gamers? Welcome to share your views and opinions in the comment area and discuss this interesting topic with us!

Overall, this financing of Autoverse Studios and the launch of Auto Legends marks another important progress in the field of Web3 games. Whether you are a game fan or a blockchain enthusiast, this is an opportunity not to be missed. Let us wait and see what surprises Auto Legends will bring us!

Looking forward to seeing everyone's exciting discussions in the comment section! 🎉

📢 Big news! Mercado Bitcoin, one of the largest cryptocurrency exchanges in Brazil, is once again leading the trend and launching a brand new lending product with cryptocurrency as collateral! This product will pay users in the Brazilian national currency, which is really exciting!

First, let's take a look at the uniqueness of this product. As a leader in the Brazilian cryptocurrency market, Mercado Bitcoin obtained a payment institution license issued by the central bank last year. The lending product launched this time is the company's first of its kind, marking another important attempt on their road to financial innovation.

In order to ensure the safety of users' funds, Mercado Bitcoin has taken cautious measures. Specifically, they limit loans to 30% of the exchange users' positions. In this way, the high risks associated with liquidation can be effectively avoided and the interests of users are not harmed. This design is really thoughtful and considerate!

Even more exciting is that Mercado Bitcoin currently has a total of more than $900 million in crypto assets under custody, which means that they have more than $300 million in credit capacity. This is undoubtedly great news for users who want to use crypto assets for lending.

Of course, as a new product, everyone may have many questions and concerns. For example, what is the specific operation process of this loan product? How is the interest rate calculated? How long is the repayment period? These questions are worth our in-depth discussion.

Here, we also encourage everyone to actively interact in the comment area and share your views and questions. Do you think this new product of Mercado Bitcoin can lead the market trend? Would you consider using this loan service? Welcome everyone to speak freely and discuss this interesting topic together!

In general, this innovative move by Mercado Bitcoin is a positive attempt for both the cryptocurrency market and the majority of users. We look forward to seeing more similar innovative products to promote the development and progress of the cryptocurrency industry.

Well, that's all for today's news flash! Remember to leave your comments in the comment area, see you next time! 👋

**Binance Margin Trading Pair Adjustment Announcement: These pairs will be removed from the market soon! **

Hello everyone! Today we are going to talk about the latest developments in the cryptocurrency market. According to the official announcement, Binance Margin Trading Platform will remove the following margin trading pairs at 14:00 (Eastern Time Zone 8) on August 22, 2024:

**Full Margin:**
- BICO/BTC
- DAR/BTC

**Isolated Margin:**
- BICO/BTC
- BNT/BTC
- DAR/BTC
- UTK/BTC

This adjustment may have a certain impact on some investors, so everyone must be prepared in advance!

**Important time node reminder:**

1. **Suspension of isolated margin lending business:** Binance Margin Trading Platform will suspend isolated margin lending business for the above pairs at 14:00 (Eastern Time Zone 8) on August 19, 2024. In other words, from this point in time, you will no longer be able to borrow isolated margin for these pairs.

2. **Automatic closing and liquidation:** Binance Margin Trading Platform will automatically close and liquidate the full and individual margin positions of the above-mentioned currency pairs at 14:00 (ET on August 22, 2024), and cancel all pending orders of users in the above-mentioned trading pairs. Please be sure to handle your positions before this to avoid unnecessary losses.

**Subsequent arrangements:**

Although these trading pairs will be removed from the margin trading platform, users can still trade these currencies in other trading pairs on the Binance Margin Trading Platform. So don't worry, your investment options are still rich and diverse!

**Viewpoint sharing:**

This adjustment may catch some investors off guard, but in the long run, the optimization and adjustment of the platform is to better serve users. Whether you are a novice or an old hand, you should always pay attention to market dynamics and flexibly adjust your investment strategy.

**Interaction time:**

What do you think of this adjustment? What impact do you think it will have on the market? Welcome to share your views and opinions in the comment area, let's discuss this interesting topic together! 😊

**Summary:**

In general, Binance's adjustment this time is part of the platform optimization. Although it may cause some inconvenience in the short term, it is beneficial to the healthy development of the market in the long run.I hope everyone can find their own way of investing in this ever-changing market!

Remember to follow us to get more latest information about the blockchain industry!

📈 [Bitcoin holders are firm in their convictions, and the market is gradually recovering]

Hello everyone! Today we are going to talk about the latest developments in the Bitcoin market. According to the latest report from Glassnode, a crypto data analysis platform, Bitcoin holders seem to be returning to the mode of HODLing and hoarding after months of selling pressure. This change makes people look forward to the future market trend.

First, Glassnode pointed out that although there is still some seller pressure in the spot market, this pressure is gradually weakening. Compared with the historical high breakthrough in the past cycle, a relatively large proportion of network wealth is currently in the hands of long-term holders. This means that Bitcoin holders are still confident in the future market performance.

Secondly, the market has gradually recovered from last week's sell-off, and there is obvious uncertainty and indecision among investors. However, by analyzing the on-chain data, we can see that the trend of HODLing is beginning to emerge. Since the price of Bitcoin hit an all-time high in March, the market has experienced a period of extensive supply distribution, with wallets of all sizes participating. In recent weeks, this trend has shown early signs of reversal, especially the largest wallets associated with ETFs. These large wallets appear to be returning to hoarding.

It is worth mentioning that the Accumulation Trend Score (ATS) indicator also shows that the market is shifting to accumulation-led behavior. The ATS indicator assesses the change in weighted balances in the market and currently records its highest possible value of 1.0, indicating significant accumulation behavior over the past month.

Despite difficult market conditions and volatility, long-term Bitcoin holders remain steadfast in their convictions and there is evidence that they are increasing their hoarding behavior. Compared to the historical highs of the previous cycle, this group of investors holds a higher proportion of Bitcoin network wealth, indicating that they are showing some patience and waiting for higher prices. In addition, during this cycle, despite the largest price declines, this group of investors has not panic-sold, highlighting the resilience of their overall convictions.

Overall, despite the uncertainty in the market, the firm conviction and hoarding behavior of Bitcoin holders bring positive signals to the market.What do you think about the future trend of the Bitcoin market? Feel free to share your views and insights in the comments section, let's explore this dynamic market together! 💬

[New Cryptocurrency News] Copper and Hedera join hands to bring new opportunities to institutional investors 🚀

BlockBeats reported that on August 13, cryptocurrency custody company Copper announced a partnership with Hedera to provide wider institutional access to HBAR tokens. This partnership not only brings new possibilities for custody and staking services for HBAR tokens, but also opens the door to the world of DeFi for institutional users through Copper's ClearLoop and Connect platforms.

This partnership by Copper is a heavy hitter. As a company chaired by former British Chancellor of the Exchequer Philip Hammond, Copper already has more than 300 large institutions and crypto trading platform customers. This partnership with Hedera will further consolidate its leading position in the field of cryptocurrency custody.

This is undoubtedly good news for institutional investors who are interested in DeFi but are concerned about security issues. Through Copper's platform, institutional users can enter the Hedera ecosystem more easily and safely and enjoy the various advantages brought by DeFi. Whether staking HBAR tokens or participating in other DeFi activities, Copper provides users with a reliable option.

Of course, this cooperation also brings new development opportunities to Hedera. As more and more institutional investors enter the Hedera ecosystem, the liquidity and market demand of HBAR tokens are expected to increase further. This will not only help strengthen Hedera's market position, but may also promote the development of the entire blockchain industry.

Overall, the cooperation between Copper and Hedera provides institutional investors with a new way to enter the DeFi world, while also bringing new vitality to the blockchain industry. For those friends who are interested in cryptocurrency and blockchain technology, you may wish to share your views and insights in the comment section to see what new opportunities and challenges this cooperation will bring!

What impact do you think this cooperation will have on the market performance of HBAR tokens? Are you optimistic about the future development of Copper and Hedera? Welcome to leave a message in the comment section and discuss with us!

📢【New dynamics in the crypto market: Is the bull market coming? 】📢

Hey, blockchain enthusiasts! Today we are going to talk about the latest developments in the crypto market. According to the latest blog post by BitMEX co-founder Arthur Hayes, US Treasury Secretary Yellen is expected to inject at least $301 billion and up to $1.05 trillion between now and the end of the year. This move could create a brilliant bull market for all risk assets, including cryptocurrencies.

Since April this year, the crypto risk market has been moving sideways. The main reason is the net reduction in outstanding Treasury bills, which has led to the withdrawal of liquidity within the system. Cash is still trapped on the Fed's balance sheet and cannot drive up the prices of financial assets. 🤔

According to Yellen, the net issuance of US Treasury bills will reach $301 billion between now and the end of the year. If this relationship holds, Bitcoin will quickly give up the sell-off caused by the appreciation of the yen. Hayes predicts that the next stop for Bitcoin is $100,000! 💰

Of course, all this is premised on Bitcoin and Ethereum breaking through $70,000 and $4,000 respectively. Only at this time will the altcoin season truly return. Hayes also said that this year is the best time for liquidity, so he plans to sell on rallies and invest and stake the funds in Ethena USD (sUSDe).

What's more interesting is that once Yellen and Fed Chairman Powell join forces, China will also release its long-awaited fiscal stimulus plan. Hayes believes that the US-China cryptocurrency bull market in 2025 will be very brilliant.

So, what do you think? Do you think Bitcoin will really reach $100,000? Or are you more confident in other cryptocurrencies? Welcome to share your views and predictions in the comment section! Let's discuss this exciting topic together! 🎉

Remember that the market is risky and investment should be cautious. Whether you are a novice or a veteran, it is always the most important to stay rational and calm. Looking forward to seeing your wonderful views in the comment section!

**The crypto market is changing, and the death cross has triggered a new round of discussion**

Hello everyone! Today we are going to talk about the latest developments in the crypto market. According to BlockBeats, on August 12, The Block reported the views of YouHodler risk manager Sergei Gorev. He said that two quite popular moving averages, the 50-day and 200-day moving averages, have formed a so-called "death cross". This sounds a bit scary, but don't worry, let's take a look at what this means! 😊

**Death cross: a barometer of market sentiment**

Gorev pointed out that this technical indicator does not bring optimism to the crypto market in the medium term. Although the Bitcoin market chart shows signs of a potential rebound after the recent price drop, he believes that we may soon see a new wave of cryptocurrency selling. Does this mean that we should prepare for more market turmoil?

**Open interest decreases: investor confidence declines? **

BRN analyst Valentin Fournier also shared his insights. He said that Bitcoin’s open interest has decreased faster than the token’s price has depreciated, showing a decline in investor confidence and interest as volatility remains high. Volumes are also lower than most weekends, suggesting that minor sell-offs are not backed by strong bearish action.

**Market volatility: opportunity or risk? **

Fournier further noted that the market is likely to remain volatile in August and September, and Bitcoin may fluctuate in a wide range between $49,000 and $69,000. He believes that Bitcoin still has more room to rise before falling back to a lower range and suggests using this minor pullback as another opportunity to gradually increase positions.

**What’s your opinion? **

The crypto market is always full of uncertainty and opportunities. Whether you are a novice or an old hand, you are welcome to share your views and strategies in the comment section! How do you think Bitcoin will perform in the next few months? Will you use this pullback to increase your position? Let’s discuss it together!

In general, the dynamics of the crypto market are volatile, but this is also its charm. Staying calm and investing rationally may be the best strategy to deal with market volatility.Looking forward to seeing your wonderful views in the comment section!

**Is the crypto market picking up? Can BTC break the $60,000 mark? **

Hello everyone! Today we will talk about the latest developments in the crypto market. On August 12, QCP Capital published an interesting article on its official channel discussing the performance of the crypto market in the past week. Despite a strong recovery in market prices, Bitcoin (BTC) is still struggling to stay above $60,000.

First, BTC put skew has significantly recovered from -25% during the panic to pre-shock levels (-5%). This means market sentiment has improved but remains cautious in the short term. Notably, this cautious sentiment is expected to continue into September.

After two sharp corrections in April and June this year, BTC climbed back above $70,000 in less than a month. As BlackRock (ETF) continues to experience positive inflows, we expect U.S. investors to continue to provide liquidity and support. This has undoubtedly given the market a shot in the arm.

Of course, macro factors remain key to the crypto market. Although Asian stock markets were stable today, there are some potentially volatile events that require our attention. For example, Elon Musk’s interview with Trump at 8 o’clock tonight (EST), and the U.S. Consumer Price Index (CPI) to be released on Wednesday. These events are likely to have a significant impact on the market.

So, can BTC break through the $60,000 mark in the short term? This remains an open question. Although market sentiment has improved, caution remains the main theme. Investors need to pay close attention to macroeconomic data and major news events in order to make informed investment decisions.

Finally, we also want to hear your opinions! Do you think BTC can break $60,000 in the short term? Or do you have any unique insights into the future of the crypto market? Welcome to share your views and opinions in the comment area, let us explore this dynamic market together! 💬

Hope this article provides you with some valuable information. If you have any questions or ideas, don’t forget to leave a message in the comment area! We look forward to interacting with you.

**Bitcoin miners' income hits a new low for the year, and the mining community faces challenges**

BlockBeats reported that on August 12, Bitcoin miners' income continued to decline for two weeks and hit a new low for the year on August 11. Yesterday, the daily income of the Bitcoin mining community fell to $2.54 million, a figure that last appeared in October 2023.

Let's take a look at the reasons behind it! First of all, the Bitcoin halving event on April 20 is an important node. After the halving, the mining reward dropped from 6.25 BTC to 3.125 BTC, which directly led to a sharp drop in income. As expected, the daily income of Bitcoin mining fell below $3 million for the first time in May. In the first four months of 2024, the mining community's daily income was about $6 million, which is really a pity.

In addition to the halving event, the continued bear market is also an important factor. The decline in the price of Bitcoin market has made the income of miners worse. Coupled with the increase in network difficulty, mining has become more difficult, and many miners have to face the pressure of liquidation.

Nevertheless, we cannot ignore the potential of blockchain technology and cryptocurrency. Although the current market environment is not good, the application scenarios of blockchain technology are constantly expanding, and various industries from finance to supply chain management are exploring its possibilities. Perhaps in the near future, we will see more innovations and breakthroughs.

Dear readers, what do you think of the decline in Bitcoin miners' income? What impact do you think this will have on the entire blockchain industry? Welcome to share your views and insights in the comment area! Let's explore this field full of challenges and opportunities together! 😊

No matter how the market fluctuates, it is always the most important to maintain a neutral attitude and rational thinking. Looking forward to your wonderful comments!

📈【Crypto Market Weekly Report: Ethereum attracts record amounts of money, Bitcoin shorts retreat! 】

Hello everyone! Today we are going to talk about the latest developments in the crypto market last week. The latest weekly report from CoinShares shows that the total net inflow of digital asset investment products has reached a staggering $176 million! Is it exciting? Let's take a look at the details!

First of all, ETP (Exchange Traded Products) trading activity was extremely active, with trading volume reaching $19 billion last week, while the weekly average trading volume so far this year was only $14 billion. What does this mean? The market is heating up, and investors' interest is also increasing.

Next, here comes the point! Ethereum attracted $155 million in inflows last week, bringing its year-to-date inflows to $862 million, the highest level since 2021. The main reason behind this is the recently launched US spot ETF. It seems that Ethereum's appeal is really not to be underestimated!

Let's take a look at Bitcoin's performance. Although Bitcoin saw capital outflows at the beginning of this week, it ushered in a large amount of capital inflows in the last few days, bringing the total inflow this week to $13 million. It seems that the charm of Bitcoin remains undiminished, and investors still chose to return at the last moment.

Interestingly, short Bitcoin ETPs saw the largest capital outflow since May 2023, totaling $16 million, accounting for 23% of assets under management. This means that a large number of investors chose to exit short positions, bringing the assets under management of short positions to the lowest level since the beginning of the year. Is it a bit unexpected? This may indicate that the market's confidence in Bitcoin is gradually recovering.

Overall, the crypto market last week was full of volatility and opportunities. Ethereum's strong performance and Bitcoin's capital inflows both show the vitality of the market and the confidence of investors. Although we are neutral on the market, it is undeniable that the dynamics of the crypto market are always full of surprises and challenges.

So, what do you think of the market performance last week? Welcome to share your views and opinions in the comment area! Let's discuss, learn together, and explore the future of the crypto market together!💬

Looking forward to your wonderful comments!

📢 Hello everyone! Today we are going to talk about the latest developments in the Thai cryptocurrency market! The Thai Securities and Exchange Commission (SEC) recently announced an exciting news: they have launched a regulatory sandbox program for cryptocurrency companies! This is big news!

First of all, what is a regulatory sandbox? In simple terms, a regulatory sandbox is a safe experimental environment that allows companies to innovate and experiment in a real-life context without having to worry about violating existing laws and regulations. The Thai SEC said that the purpose of this sandbox is to "promote experimentation and support innovative developments in the efficient provision of digital asset services in a real-life context." Doesn't it sound cool?

The regulatory sandbox program is open to six types of participants, including digital asset trading platforms, brokers, dealers, fund managers, advisors, and custodial wallet providers. Companies that want to participate in this sandbox need to pass the Thai SEC's assessment of capital adequacy, work systems, and management structures. Only after passing these assessments can companies enter the sandbox for experiments.

Thai authorities have taken a number of measures to promote the development of cryptocurrency earlier this year. For example, the Ministry of Finance extended the VAT exemption for cryptocurrency transactions in February, and the SEC also relaxed relevant regulations in March to allow professional investors to invest in US spot Bitcoin ETFs. These measures all show that Thailand is trying to find a balance between strengthening regulation and promoting innovation.

The launch of the regulatory sandbox program further demonstrates Thailand's positive attitude in the field of cryptocurrency. Although regulation is necessary, Thailand also hopes to encourage more innovation and development in this way. This is undoubtedly good news for those companies that want to make a difference in the cryptocurrency field.

So, what do you think of Thailand's move? Do you think this regulatory sandbox program can really promote the development of the cryptocurrency industry? Welcome to share your views and opinions in the comment area! 💬

In general, Thailand's move shows their positive attitude and open mind in the field of cryptocurrency. Although regulation is necessary, in this way, Thailand hopes to encourage more innovation and development while protecting investors.Let’s look forward to the results of this regulatory sandbox program!

Remember to leave your thoughts in the comments section! We look forward to interacting with you!