● Venture Capital Report: If history repeats itself, Bitcoin may rise to $148,000 after the next halving
Crypto venture capital firm Pantera said in an open letter that the next halving is expected to occur on April 20, 2024, and the mining reward will be reduced from 6.25 BTC per block to 3.125 BTC per block. Since most bitcoins are now in circulation, each halving is almost exactly half the reduction in new supply. If history repeats itself, the next halving will cause Bitcoin to rise to $35,000 before the halving and to $148,000 after the halving.
Historically, Bitcoin bottomed 477 days before the halving, climbed before the halving, and then exploded higher. The post-halving rally lasted an average of 480 days from the halving to the peak of the next bull cycle. If history repeats itself, the price of Bitcoin should bottom on December 30, 2022. The actual low occurred on November 9, 2022, when FTX crashed, a month in advance.
● Financial Times: BlackRock's Bitcoin ETF application has helped the asset class enter the mainstream
Bitcoin Archive on X (formerly Twitter) said that according to the Financial Times, BlackRock's Bitcoin ETF application has helped the asset class enter the mainstream.
● Fed Collins: It is too early to send a clear signal on the timing of rate cuts
According to Jinshi, Fed Chairman Collins said that additional interest rate hikes may be needed, but he would not clearly state where the interest rate peak is at this time, and it is too early to send a clear signal on the timing of a rate cut.
● The Central African Republic government passed the Tokenization Law
According to Planet Daily, the Central African Republic's national encryption project Sango stated on X (formerly Twitter) that the Central African Republic government has passed the Tokenisation Law.
● Hong Kong Monetary Authority releases blockchain bond-related report, exploring the potential of tokenized bonds
The Hong Kong Monetary Authority (HKMA) has released a report detailing its blockchain bond issuance project “Project Evergreen” and exploring the potential for broader tokenized bonds in Hong Kong, Ledger Insights reports.
In his foreword to the report, HKMA chief executive Eddie Yue said the bond issuance demonstrated how DLT (distributed ledger technology) could “enhance the efficiency, liquidity and transparency of the bond market”. Referring to the proliferation of DLT bond issuance platforms, he said: “It will be critical to consider how different solutions connect and interact with each other, and how traditional systems can avoid fragmentation.”
● Binance France Head: The advantage of MiCA regulations is that it provides a framework applicable to 27 EU countries
According to Maddyness, David Prinçay, head of Binance France, said that the advantage of MiCA regulations is that it provides a framework applicable to 27 EU countries. In order to meet the challenges of MiCA regulations, Binance will closely monitor the implementation of the new regulations to ensure that its own strategy is consistent with the regulations. Binance hopes to regard the AMF license as an opportunity for the implementation of new regulations, further respond to regulatory challenges, and seize opportunities in the European market.
Previously, in May last year, Binance was approved by the French Financial Prudential Supervisory Authority (ACPR), and the French Financial Supervisory Authority (AMF) granted Binance a French Digital Asset Service Provider (DASP) registration license. Qualified to promote its products in France.
● Binance Italy accumulates 385 million euros in cryptocurrencies in a few months
According to Milano Finanza, after Binance Italy obtained regulatory approval in May 2022, it accumulated 385 million euros worth of cryptocurrencies within a few months. The funds belong to the users and their security is guaranteed. In 2022, its revenue exceeded the 3 million euro mark.
It is reported that on May 27, 2022, Binance announced that Binance Italy has registered as a cryptocurrency service provider with the "Organismo Agenti e Mediatori" (OAM) and has obtained regulatory approval in compliance with Italian legal requirements for crypto assets.
● Binance cooperates with Taiwan’s New Taipei District Prosecutor’s Office to enhance criminal investigation skills in the virtual asset field
According to the Binance blog, Binance held a seminar in cooperation with the New Taipei District Prosecutor's Office in Taiwan on August 24 to share professional insights on investigations in the virtual asset field with more than 70 prosecutors, focusing on combating cybercrime in the virtual asset field.
The workshop is part of Binance’s global law enforcement training program, which has organized more than 60 in-person and online training sessions this year, including one with Taiwan’s Criminal Investigation Bureau in early June.
● BNB Greenfield testnet will be upgraded to v0.2.4 on August 31
BNB Chain announced that BNB Greenfield will conduct regular maintenance on the testnet version and upgrade to v0.2.4 from 14:00 to 18:00 on August 31. All buckets/objects previously stored on the Greenfield testnet will be cleared and will no longer be available for query, and all account balances will be reset. This will be the last reset before the mainnet, and the main goals include resolving bugs in previous versions and introducing new features. After the reset, all tBNB on Greenfield will be cleared. The team said it is preparing for an airdrop to reward and incentivize advanced users. According to the airdrop rules, users holding less than 10 tBNB will receive the same amount of airdrops.
In addition, BNB Chain has launched a request for proposals for BNB Greenfield storage providers to develop self-custody solutions. The submission deadline is August 31 and the results will be announced on September 4.