Xiaodie's hot topic summary today (7.25)
1. CryproQuant CEO issued a statement saying that after Mentougou repaid its creditors, they did not sell Bitcoin.
It can be seen that the decline of Bitcoin this time was mainly caused by market sentiment, not the selling of Mentougou creditors.
2. Bloomberg ETF analysts said: The trading volume of the spot Ethereum ETF on the second trading day was similar to that on the first day, and even increased slightly, which is a good sign.
Yesterday, the total trading volume of the first Ethereum ETF trading day was about US$1 billion, which was 23% of the first day's trading volume of the spot Bitcoin ETF. This data is less than the previously expected 25% to 30%.
As of now, the second day's trading volume of the Ethereum spot ETF has reached US$950 million.
3. Dudley, the third-in-command of the Federal Reserve, said: The Federal Reserve should cut interest rates immediately
This means that the Federal Reserve's interest rate cut in September is a high probability event.
4. Wyoming Senator Lummis plans to legislate for the strategic reserve of Bitcoin at the Nashville meeting.
5. Bitcoin Magazine CEO said that US presidential candidate Harris has confirmed that she will not give a speech at the Bitcoin 2024 conference.
6. HashKey Jeffrey Ding said: The timing of this Bitcoin conference is surprisingly similar to that of 2021, which may trigger a new round of crazy market.
He believes that the timing of this conference is quite similar to the "Bitcoin 2021" conference held in Miami in 2021, and may replicate or even surpass the crazy market in the second half of 2021.
7. Republican Senator Loomis said that taxing Bitcoin miners is not good for the United States, and hinted that good things will happen to cryptocurrencies this week.
Overall, the market decline this time is mainly caused by market sentiment. After receiving the compensation Bitcoin, the creditors of Mentougou did not sell it to the market, but chose to transfer it to a cold wallet for long-term holding.
The most anticipated event this week is the upcoming Bitcoin conference. The famous spherical building in Las Vegas has been replaced with the Bitcoin logo, and the entire crypto circle is very concerned about it.
Everyone is looking forward to Trump's amazing speech. A large number of media and BTC believers in the United States are FOMOing this conference. We can focus on it.
