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.
1
German Bitcoin Sell-off Leads to $124 Million in Losses
Saxony urgently sells Bitcoin, missing out on $124 million in potential gains. The German state of Saxony hastily sold 50,000 BTC reserves seized from the movie piracy website movie2k due to concerns about the collapse of Bitcoin prices. Although the sale brought in about $2.87 billion in revenue, the German government missed out on an additional $124 million in gains that could have been made due to rising Bitcoin prices. On July 13, Saxony completed the sale of the batch of BTC, making a profit of more than $740 million. However, shortly after the sale, the price of Bitcoin soared 16.55% due to the assassination attempt on former US President Donald Trump.
The Saxony state government faced its biggest opportunity for a return in March, when the price of Bitcoin reached an all-time high of around $74,000. If it sold at that time, the state could have made a profit of up to $1.5 billion. However, fearing a price crash, the government chose to sell at lower prices. The Dresden prosecutor's office decided in June to "urgently sell" the bitcoins to counter the risk that the value of the cryptocurrency could fall by more than 10%. The move was intended to ensure that funds were raised from the sale of the valuables before the end of the criminal proceedings.
Despite the German government's sale of Bitcoin, demand for Bitcoin from ETF and other fund investors continues to grow. Researchers at asset management company CoinShares pointed out that the weekly inflow of Bitcoin reached $1.35 billion, a new high. As Bitcoin prices fluctuate and global attention to digital currencies increases, discussions about using Bitcoin as a national strategic reserve are also increasing. Several countries, including El Salvador, are officially accumulating BTC as a strategic reserve asset. The United States is also considering using Bitcoin as its own strategic reserve as early as 2028.
2
Biden's withdrawal is a foregone conclusion, Trump is expected to win
On July 22, 2024, US President Biden announced that he would not run for reelection and planned to complete the remaining term until January 20, 2025. He said that withdrawing from the election and focusing on the remaining duties was in the best interests of the country and the party. At the same time, he fully supported the potential nomination of Vice President Kamala Harris. During his term, the Biden administration adopted a prudent regulatory strategy for the crypto industry, focusing on improving regulations and strengthening supervision. Although it has promoted responsible innovation in digital assets and released a development framework, subsequent economic reports have warned of the risks of crypto assets, leading to stricter regulatory measures.
In 2024, the encryption industry will become the new focus of the US election. Originally, the approval of the Bitcoin spot ETF had brought hopes of loosening policies to the market, but the Biden administration subsequently vetoed the resolution to overturn the accounting standards for crypto assets, triggering strong dissatisfaction in the crypto community. At the same time, Trump calls himself the "crypto president" and actively shows his support for the encryption industry in an attempt to win the support of voters. There has been a significant shift in Trump’s attitude towards crypto-assets, from early staunch opposition to today’s active advocacy. He has repeatedly criticized the Biden administration's encryption policies and promised to take a series of supportive measures if elected, including commuting the sentence of "Silk Road" founder Ross Ulbricht and ensuring that the future of cryptocurrency is in the United States.
In June, Trump met with several Bitcoin mining representatives at Mar-a-Lago, emphasizing the contribution of Bitcoin mining to the stability of the power grid and promising to speak for miners in the White House. This meeting was called the "Presidential Roundtable on Bitcoin Mining" and received widespread attention from the industry. As the crypto industry becomes the focus of the election, the policy positions of Biden and Trump will have a profound impact on the future crypto market.
Today’s recommendations are LOOM, AR, ILV, and ZRX.
1
LOOM
LOOM coin (also known as Loom Network) is the token of the Loom Network project, a decentralized application (DApp) platform built on Ethereum. The platform aims to provide a scalable infrastructure to help developers build high-performance blockchain applications. LOOM has established a strong developer ecosystem and provides development tools and SDKs to help developers quickly build and test DApps. LOOM uses a consensus algorithm based on DPoS (Delegated Proof-of-Stake) to confirm transactions and generate blocks by delegating nodes, thereby increasing the processing speed and throughput of the network. The current price is $0.0652, and indicators such as return on investment and market value show that it has certain investment value.
2
WITH
AR coin, full name Arweave coin, is a digital currency based on the decentralized storage protocol of blockchain technology. Its main purpose is to provide users with a secure and permanent data storage solution, while also providing support for the operation and maintenance of the ARweave network.
AR Coin is based on the "Blockweave" technology, which links blocks together linearly to form a growing data structure. Each block contains the hash value of the previous block, thus ensuring the integrity and immutability of the data. With the rapid development of the cryptocurrency market, AR Coin has attracted much attention as an emerging digital currency. The unique advantages and application scenarios of ARweave technology provide a solid foundation for the long-term development of AR Coin. The current price is $31.952.
3
ILV
ILV is the native token of the Illuvium platform, a decentralized gaming platform based on blockchain technology, featuring blockchain-based virtual reality games. The platform was first launched in January 2021 by a decentralized autonomous organization (DAO) called Illuvium DAO and is often hailed as the first AAA game on Ethereum. The technical basis of ILV is blockchain technology, using the Proof of Stake (PoS) consensus mechanism, which means that users holding ILV can participate in the security verification and consensus formation of the network by staking ILV. The value of ILV is affected by the gaming platform, and as the platform grows, the value of ILV is likely to continue to grow. The current price is $71.89.
4
BUT
DAR is the reward, payment and governance token of the Mines of Dalarnia (MoD) ecosystem. Mines of Dalarnia is a free Play 2 Earn game based on the Chromia blockchain. DAR operates as a cross-platform ERC-20 and BEP-20 token for Ethereum (ETH) and BSC. Use cases for DAR include in-game currency, earn-while-playing incentives, governance, land leases and staking rewards. The current price is $0.194.
Review of club recommendations
1.【PEPE，WIF】
When the market rebounds, meme coins are always the fastest to take action. After in-depth analysis and research, we recommend entering the market at a price point of 0.0000059, and the performance of Pepe tokens has exceeded our expectations, rising to a maximum of 0.00001208, an increase of 40.13%! The performance of Pepe tokens exceeded everyone's expectations.
WIF is most likely to become Sol's Golden Dog meme. The club recommends a layout around 1.7. The highest was around 2.23, an increase of 31.7%.
2.【RAY】
RAY is also a very good target. At the beginning, the club found this target because it only has spot but no contracts on Binance. Generally speaking, this kind of currency is easier to be pulled up. You can also look for currencies on Binance that only have spot but no contracts and pay more attention to them. Secondly, RAY itself is also a DEX on Solana. Recently, the meme golden dogs on Solana have frequently exploded, which has increased the usage rate of these DEXs, and it is also a big benefit for its tokens. As Solana strengthens, its ecological projects are also worthy of attention. The RAY club recommended that everyone build a position and ambush at 1.5, and the highest price rose to 2.5239, an increase of nearly 70%.
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. #比特币大会 #拜登退选 #以太坊ETF批准预期 #币安HODLer空投BANANA #ILV
