Panic or opportunity? The Ethereum Foundation's large transfer of US$93 million in ETH caused market shock!

There has been significant movement in the cryptocurrency market in recent days, with the Ethereum Foundation transferring 35,000 ETH worth $93 million to the Kraken exchange, sparking concerns about an upcoming massive sell-off.

This huge transaction was captured by the cryptocurrency tracking platform Etherscan, and records showed that the 35,000 ETH funds flowed into Kraken’s deposit address.

Analyzing the asset status of the Ethereum Foundation, the organization currently has $745 million in assets, most of which are held in the form of ETH, and a small portion of BNB.

Historically, the Ethereum Foundation’s massive sales have tended to coincide with declines in cryptocurrency prices.

Ethereum, which is priced around $2,750, has seen significant gains over the past 24 hours, with a trading volume of around $16 billion.
#ETH🔥🔥🔥🔥 #ETH投资 #ETH🔥🔥🔥🔥🔥🔥

"Kraken Exchange Storm: SEC lawsuit triggers crypto market earthquake!"

Kraken Exchange is facing a legal storm. The lawsuit of the U.S. Securities and Exchange Commission (SEC) continues to move forward after the judge's ruling, and this case has once again brought the controversy over cryptocurrency regulation to the forefront.

Kraken, as a world-renowned cryptocurrency trading platform, now has to deal with the SEC's review of its business practices. This lawsuit not only concerns the future of Kraken, but may also have a profound impact on the regulatory landscape of the entire cryptocurrency industry.
In the world of cryptocurrency, the boundaries between security, compliance and innovation are often blurred. Kraken's case reminds us that no matter how advanced the technology is, the legal framework and regulatory requirements cannot be ignored. #Kraken #美国CPI数据连续第4个月回落 #杰克逊霍尔年会

Zhao Changpeng, co-founder of Binance, is about to finish serving his prison term, and although Binance is facing a new class action lawsuit, this has not affected his sentence. Zhao Changpeng previously admitted to violating US anti-money laundering regulations, resigned as CEO, and paid a huge fine. Although he was banned from working at Binance for three years, his upcoming release has a positive impact on industry confidence.
The class action lawsuit accuses the Binance platform of suspected money laundering and harming consumer interests. But experts believe that this civil lawsuit has no direct connection with Zhao Changpeng's criminal case and will not affect his release from prison. Binance and Zhao Changpeng's legal disputes in the United States are not isolated cases. The regulatory game in the cryptocurrency industry has never stopped, and the cost of compliance is increasing.
Binance's future development direction includes technological innovation, platform expansion, stablecoin and Web3 wallet promotion, and global compliance problem solving. The $4.3 billion settlement fee is not a "protection fee", but the beginning of a regulatory challenge. After Zhao Changpeng left, Binance's listing speed slowed down, showing a cautious attitude and taking more responsibility. #杰克逊霍尔年会 #新币挖矿DOGS #MtGox钱包动态 #美联储何时降息？

This V-shaped reversal of BTC conveys such a message to us, that is, we must know how to follow the trend in trading and focus on unilateral trading. In the big trend, it will always be more advantageous than frequently switching between long and short. When the price falls, we must find a position with a suitable profit and loss ratio under the big trend and buy bravely, otherwise we will always be in a state of buying high and selling low. BTC's bull market is still continuing. After the pattern is confirmed, it will be confirmed by waiting patiently for about two weeks. In this round of market, except for the meme series and the sol series, basically no sector can perform better than BTC. #BTC☀ #以太坊ETF批准预期 #币安HODLer空投BANANA

There are continuous good news. The Bitcoin ETF has a net inflow for 8 consecutive days. There will be a big positive news for the Ethereum ETF on the 23rd. Innovation should be not far away. #BTC☀ #以太坊ETF批准预期 #美国大选如何影响加密产业？

Trump was assassinated, and Bitcoin rose. This is because as a supporter of crypto, Trump was assassinated but only suffered minor injuries, which greatly increased the possibility of Trump's victory in the election. Bitcoin showed a low volume trend over the weekend, and it is currently impossible to determine the subsequent trend. There is no doubt that it will be low and high. After all, there have been many "cheat guns" on weekends. It is recommended to wait until today's daily line closes. #BTC☀ #美联储何时降息？ #德国政府转移比特币 #币安7周年

Recently, Bitcoin ETFs have shown a positive trend of capital inflows, reversing the sluggish performance in the previous few weeks. According to Farside Investors, BlackRock's IBIT and Fidelity's FBTC led the market with inflows of $72.1 million and $32.7 million, respectively, showing that investors' interest in the cryptocurrency market remains strong.
Although the market remains vigilant about the volatility of Bitcoin prices, the increase in capital inflows into Bitcoin ETFs has undoubtedly injected a shot in the arm for the market. The five-day capital inflow not only eased concerns about investor sentiment, but also echoed the slight rebound in Bitcoin prices.
However, the market is not optimistic. Grayscale's GBTC has seen an outflow of $37.7 million, reflecting the cautious attitude of some investors. At the same time, the selling pressure faced by Bitcoin cannot be ignored. The German government's asset restructuring and the key support level of Bitcoin prices at $60,000 will be the focus of market attention. #美联储何时降息？ #BTC下跌分析 #BTC☀ #德国政府转移比特币

Although the big cake has broken through, it is not a complete breakthrough. After testing the pressure level of 59500, it quickly fell back. The reason for this is that there are too many people selling to take profits, and there are still a lot of short orders above.
Today, the CPI data will be released. Now let's wait quietly for the data to be released in the evening. At this stage, we should watch more and do less. #BTC☀ #币安7周年 #德国政府转移比特币 #美联储何时降息？

The Federal Reserve Board of the United States has fined Citigroup $60.6 million for its continued failures in risk management and data quality practices. The enforcement action is a direct response to Citigroup's failure to address deficiencies found in the 2020 order.
In a recent examination, the Fed found that Citigroup's measures to strengthen data quality management and regulatory reporting were insufficient, and that the bank failed to effectively implement compensating controls despite submitting a resolution plan, resulting in compliance and risk management issues.
The penalty highlights Citigroup's failure to meet the requirements of the 2020 Cease and Desist Order, including significant deficiencies in key areas such as data governance, compliance risk management, capital planning, and liquidity risk management. The joint action of the Federal Reserve and the Office of the Comptroller of the Currency, as well as the total fine of up to $135.6 million, reflect the regulators' strict requirements for risk control of financial giants.
Citigroup has agreed to accept the fine and claims to be taking steps to correct the problems. The Fed warned that Citigroup may face further enforcement action if it fails to substantially improve its risk management and data quality.
#BTC☀ #美国大选如何影响加密产业？ #德国政府转移比特币 #币安7周年

Bitcoin ETF shares sold off and are at a discount | In July, Xai, Immutable, Pixels, etc. were the largest unlockers of Ethereum game tokens. #ETH🔥🔥🔥🔥 #德国政府转移比特币 #美联储何时降息？

The German government is once again making waves in the cryptocurrency market, moving another 1,000 BTC worth $55.8 million earlier this week. Half of this has been deposited into well-known cryptocurrency exchanges such as Bitstamp and Kraken. Since June 20, the German government has transferred a cumulative 11,033 BTC worth $669 million, at an average price of $60,669 per BTC.
This series of massive moves had a significant impact on the market, causing the price of Bitcoin to fall from $62,000 to $54,000 over the past week. Tron founder Justin Sun has publicly offered to purchase all Bitcoin held by the German government off-site to mitigate further negative impact on the market, but has yet to receive a response from the German government.
According to SpotOnChain data, the German government still holds 38,826 BTC worth approximately $2.16 billion. With continued selling activity from such large holders, market stability and potential management strategies of large-scale Bitcoin transfers on market prices come into focus.
Further liquidation by the German government may continue to impact Bitcoin price and overall market sentiment#BTC下跌分析 #TON #德国政府转移比特币 #美联储何时降息？

This week, the market will usher in a series of high-profile events, which will attract great attention from investors. The approval of the spot ETH ETF has become the focus, and its approval will provide investors with a more convenient investment channel.
At the same time, the U.S. House of Representatives is expected to vote on the veto of SAB 121, which was overturned by the Biden administration in May. The abolition of SAB 121 will directly affect the status of digital assets in the U.S. financial system.
In addition, the U.S. CPI and PPI data for June will be released soon. These key economic indicators will provide important basis for the Fed's policy direction. Fed Chairman Powell is also expected to deliver a semi-annual monetary policy testimony to the House Financial Services Committee.
The market predicts a 50% chance of a 25 basis point rate cut before November this year, which may bring new vitality to the market#BTC☀ #wife #sats，

After a 16.2% plunge in early July, Bitcoin may form a new trading range between 53.5k and 58.8k in the short term. Despite fragile market sentiment, data shows that large investors are accumulating BTC, hinting at potential market moves.
According to the 4-hour chart, Bitcoin's relative strength index (RSI) is at 44, facing resistance at a neutral 50. However, as prices approach the range high, the RSI is expected to rise in the next day or two. Meanwhile, the downward trend of the volume trend indicator (OBV) reminds bulls not to act rashly.
The liquidation heat map for the past three months shows that there is a large concentration of liquidations in the 55.5k area, which may provide momentum for Bitcoin's rebound to the $73k liquidity area in the coming weeks. However, in the short term, a direct reversal is unlikely, and bulls need time to accumulate strength.
Key price levels include the 59k-59.3k area, where a large number of liquidations have accumulated, coinciding with the range high of 58.8k. The magnetic attraction area below 60k may attract Bitcoin prices to approach. #美国6月非农数据高于预期 #德国政府转移比特币 #Mt.Gox将启动偿还计划 #美联储何时降息？ #BTC☀

Bitcoin sales by the German government and Mt. Gox may be coming to an end, which could be a signal that bitcoin prices have bottomed. As the impact of these sales on the market begins to wane, there is much to look forward to in terms of where the market is headed.
Bitcoin prices fell 7% to $53,550 on Thursday night, a four-month low, triggering a massive liquidation in the market. Mt. Gox has begun distributing funds to creditors, and the German government may have been conducting bitcoin sales.
The 50,000 bitcoins sold by Germany may have hit the bottom of the market. Large buyers may lower their bids to avoid overpaying, which could cause prices to fall further. But once all the bitcoins are sold, the market may stabilize or rebound.
It is unlikely that selling pressure will decrease in the coming days, but if sales fall short of expectations, the market could see a rebound, perhaps even setting prices around $50,000. #非农就业数据即将公布 #德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC☀

The latest minutes of the Federal Reserve's meeting showed that although inflation has eased, it is still above the target level of 2%, which has attracted close attention from the market on monetary policy. Falling inflation should be good news for risky assets, as it may prompt the Federal Reserve to start cutting interest rates this year and reduce borrowing costs. However, it may continue to be suppressed by the high inflation environment in the short term. As a leader, Bitcoin's spot price seems to be "lack of momentum" after the ETF boom, and market sentiment is fragile. Fed officials' divergent views on future interest rates have exacerbated market uncertainty. Signs of loosening in the labor market provide more basis for the Federal Reserve to cut interest rates in the coming months, but only if this trend remains stable. In addition, the market discussed potential downside risks to economic activity and inflation, including factors such as geopolitical developments and trade tensions. At the same time, Bitcoin prices suffered a heavy blow, falling to a two-month low, and crypto market liquidations surged to $240 million. If the market moves further downward, Bitcoin could quickly fall to $52,000.#非农就业数据即将公布 #美国首次申领失业救济人数超出预期 #Mt.Gox将启动偿还计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低

The Nasdaq has hit new highs, and Nvidia has led the technology sector and become the focus of the market. But once Nvidia's rise slows down, who will take over the baton? Although Eli Lilly's drugs have made breakthroughs in the treatment of Alzheimer's disease, they have failed to stir up waves in the U.S. stock market. Tesla's rebound is more seen as a natural correction after an oversold market.
The rise of U.S. stocks seems to be endless, funds rotate between different sectors, and technology giants have appeared one after another, pushing the index to continue to rise. However, BTC has failed to follow the pace of the Nasdaq and has performed weakly, reflecting the lack of liquidity in the crypto market.
Behind the prosperity of the U.S. stock market is a relay race of technology giants. The cryptocurrency market, especially Bitcoin, seems to be absent from this feast. In the relay game of funds, we need to remain vigilant and recognize the real liquidity of the market. Don't be blinded by the surface, analyze carefully, and seize real investment opportunities. #非农就业数据即将公布 #MiCA #ASI代币合并计划 #以太坊ETF批准预期

Is the winter of altcoins coming? The spring of DeFi value investment has just begun!

Where are the opportunities for DeFi in the decline of altcoins?
After Bitcoin hit a new high, altcoins fell collectively, and the market showed a strange differentiation. However, this may be a good opportunity to re-examine DeFi. Although the performance of the DeFi sector in the past year has not led the market, the current adjustment may provide an entry opportunity for value investors.
As a pioneer in the field of encryption, DeFi has a mature business model and profitability. Head projects such as Aave and Uniswap not only have a stable market share, but also have a deep moat. On the supply side, many DeFi projects have passed the peak of token emission, and there will be less selling pressure in the future. On the valuation side, the divergence between market attention and business data has made the valuation of some DeFi projects at a historical low, which provides investors with attractiveness.
On the policy side, the advancement of the FIT21 bill may bring opportunities for compliant development to the DeFi industry, and even trigger a potential wave of mergers and acquisitions. Against the backdrop of the continuous decline of altcoins, the value of DeFi is being rediscovered. Investors should pay attention to DeFi projects with stable business and controllable risks, and seize the opportunity to invest.
#非农就业数据即将公布 #以太坊ETF批准预期 #meme板块关注热点

(SEC) may approve ETF in mid-July. Although the market has speculated that approval may occur within July 4, the SEC has set the deadline for submitting updated documents as July 8, and the final S-1 document is expected to be due on July 12, and theoretically it may be released during the week of July 15. Communication with the regulator is considered constructive, although the specific approval time has not yet been determined.
#非农就业数据即将公布 #ETH🔥🔥🔥🔥 #etf以太坊

At present, except for a few niche digital currencies, most cryptocurrencies are facing the dilemma of capital outflow. The market capital side is not performing well, many funds are trapped, and due to the lack of profit effect, the off-market funds are also in a wait-and-see state.
To wait for the arrival of the big market, you need patience until Bitcoin starts a new trend. When most people start to lose money and panic, it may indicate that the market is about to rebound.
Worthy of special attention: SOL, BONE, PEPE, ENS and ONDO.
Please note that investment is risky and market conditions may change rapidly. The above information is for reference only and should not be used as investment advice. #非农就业数据即将公布 #ASI代币合并计划 #Mt.Gox将启动偿还计划

Powell's speech focused on the strength of the labor market and the progress of inflation. He said that if the labor market unexpectedly weakens, the Fed will take action. He also acknowledged the risks of moving too slowly and too late, but he did not explicitly say that he would cut interest rates in September.
Whether this speech is positive depends mainly on your investment goals and strategy. If you are a short-term investor, you may be disappointed that he failed to confirm the issue of a rate cut in September. However, if you are a long-term investor, you may be satisfied with his positive comments on the labor market and inflation. Overall, his speech shows that the Fed will remain flexible in future policy decisions and take action when necessary, which should be a positive signal for the market. #非农就业数据即将公布 #ASI代币合并计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低