1. CryptoQuant CEO: The impact of governments selling Bitcoin on the market is overestimated
Ki Young Ju, founder and CEO of the on-chain analysis platform CryptoQuant, tweeted that the impact of the government selling Bitcoin has been overestimated. Since 2023, $224 billion has flowed into the market, while Bitcoin confiscated by the government accounts for only $9 billion, accounting for only 4% of the total cumulative realized value since 2023.
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2.QCP: Bitcoin has good support at 54k
QCP Capital said that spot prices have stabilized, indicating that Bitcoin has good support around 54k. Panic has also subsided. Today's US employment data showed that both April and May data were revised down. This confirms Powell's deflationary path and the possibility of an early rate cut, with both September and December beginning to indicate a higher probability of rate cuts.
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3. Grayscale survey: If the Ethereum spot ETF is approved, nearly 1/4 of potential American voters will be more interested in investing
Grayscale's survey shows that nearly half of voters (47%) expect to include cryptocurrencies in their portfolios, up from 40% at the end of last year. Inflation remains the top concern for voters (28%), highlighting the potential value of transparent and limited-supply assets such as Bitcoin. Despite Trump's greater embrace of cryptocurrencies during his campaign, the survey shows that cryptocurrencies are a bipartisan issue, with similar holdings among Republicans and Democrats (18% and 19%, respectively).
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4. Bitcoin spot ETFs had a total net inflow of $143 million yesterday
Grayscale ETF GBTC had a net outflow of US$28.5713 million in a single day; the Bitcoin spot ETF with the largest net inflow in a single day was Fidelity ETF FBTC, with a net inflow of US$117 million in a single day; followed by Bitwise ETF BITB, with a net inflow of US$30.1948 million in a single day.
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5. Beijing scholar: Hong Kong should have a sense of urgency in piloting cryptocurrency
Zhang Xiaojing, director of the Institute of Finance at the Chinese Academy of Social Sciences, said in an exclusive interview with Ta Kung Pao that once the U.S. (cryptocurrency) regulatory framework is released, the world may compete to imitate it. China should also explore this field, otherwise it may lose the initiative in the field of digital assets. It is necessary for Hong Kong to conduct important pilot projects in the field of digital assets and cryptocurrencies. Hong Kong still has a big gap compared with the United States. "There must be a sense of urgency. This task can only be undertaken by Hong Kong at present. Whether it is technology finance, digital finance, or future digital (tokenized) assets, these aspects will be Hong Kong's great advantages and special areas. From the perspective of building a financial power and Hong Kong's positioning, this perspective is more meaningful."
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