Market focus: Mentougou wallet changes attract attention
Recently, the Mentougou wallet has once again caused a stir in the market. Since the morning, several large transfers have occurred in the Mentougou wallet address (1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6), and the total number of bitcoins currently held has reached 42,909. Although there is no official announcement, this unusual movement has led the market to speculate that it may be a collection behavior or a preparation before compensation.
The market is paying close attention to the Mentougou incident. If compensation is really paid, it may cause some selling pressure in the short term, but in the long run, the market is able to absorb this pressure, and the market will be healthier after compensation. Since the approval of the Bitcoin ETF, the market has gradually absorbed the impact of Grayscale GBTC. Once the Mentougou compensation is completed in the future, the upside of Bitcoin will be clearer.
New progress of Binance projects
Binance's Launchpad, Launchpool, and Megadrop projects launched in 2023 and 2024 continue to generate market buzz. These projects not only attracted a large number of investors, but also promoted innovation and development in the entire crypto market. Through these projects, Binance continues to strengthen its leadership in the market while providing investors with abundant investment opportunities.
Caitlyn Jenner's New Currency Controversy
Recently, Caitlyn Jenner released a new coin, causing the price of the old coin to drop to zero instantly. This move triggered a strong reaction in the market, and although she later deleted the relevant tweet, the market had already fluctuated. This reminds us that we need to be extra cautious when investing in new projects, especially when it comes to high-risk new coins.
Polyhedra Network’s ZK Staking Functionality
Polyhedra Network announced that it will launch the ZK staking feature on June 10, allowing users to stake ZK tokens to earn rewards. This new feature not only increases the utility of ZK tokens, but also provides users with additional income opportunities. For Polyhedra Network, this is an important move to enhance user participation and enhance the value of the project.
Ethena Labs improves project transparency
Ethena Labs released its custody proof for May, which showed that its USDe supply was $2.673 billion, custodian-backed assets were $2.677 billion, and reserve funds were $42.3 million. This highly transparent financial disclosure helps to enhance users' trust in the project and further consolidate its market position.
Bitchain Rune Airdrop Event
RUNES·X·BITCOIN successfully completed the airdrop to MerlinChain users, distributing a total of 6.3 billion X tokens, covering a large number of users. This move not only increased user enthusiasm, but also enhanced the cohesion of the community. Airdrop activities play an important role in blockchain projects and help expand the project's popularity and user base.
Atomicals Protocol Releases White Paper
Atomicals Protocol has released its virtual machine white paper and will launch the software in phases. This plan provides developers with new tools and resources, which is expected to promote the development of blockchain technology. The release of the white paper marks an important step for the project and will attract more attention from developers and investors.
Papillon's Staking Test Activity
Papillon announced that it will launch the Staking Testnet-4 test network on May 28 to carry out new testing activities. Users can get rewards for participating in the test, which will not only help the development of the project, but also increase the activity of the community. For users, this is a good opportunity to explore and understand new features.
BitlayerLabs’ mining activities
BitlayerLabs launched a large-scale mining campaign, offering participants a reward of up to $24.35 million. This campaign attracted a large number of users to participate, further promoting the development of the project and the activity of the market. In this way, BitlayerLabs not only increased the popularity of the project, but also enhanced the participation and trust of users.
Market analysis and risk reminder
Due to the abnormal movement of the Mt. Gox wallet, Bitcoin has experienced a certain decline in the short term, but the overall trend of the market has not changed. At present, the market volume is sufficient to absorb this short-term selling pressure, and with the existence of ETFs, the market capital volume is much larger than in the past. Therefore, even if compensation begins, it will not cause too much impact on the market.
In general, the compensation of Mentougou may bring negative impact in the short term, but in the long run, it is good for the market. After experiencing a short-term shock adjustment, Bitcoin is expected to usher in a new round of rise. Investors need to pay attention to the key support level of Bitcoin, do a good job of risk control, and avoid blind operations.#BTC☀
#web3动态 #ETH
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