● Ethereum ETF sees positive inflows for the first time in two weeks
According to Odaily Planet Daily, Arkham monitoring shows that Ethereum ETF has seen positive inflows for the first time in two weeks. This is mainly due to BlackRock's ETHA receiving $9.4 million in inflows, while Grayscale's ETHE outflows fell to a record low of only $3.4 million.
● President of El Salvador: About $400 million in Bitcoin held in “public wallets”
According to Wu, El Salvador’s President Nayib Bukele said in an interview with Time magazine that the country’s Bitcoin strategy is “net positive” overall, but Bitcoin’s adoption rate across the country has not met expectations. Nayib Bukele also pointed out that El Salvador currently holds about $400 million in Bitcoin in “public wallets.”
● The U.S. House Financial Services Committee will hold a series of encryption hearings
According to Odaily Planet Daily, the U.S. House Financial Services Committee is expected to hold a series of crypto hearings next month, focusing mainly on DeFi, the U.S. Securities and Exchange Commission's supervision of digital asset businesses and the problem of "pig killing".
● Binance CEO Richard Teng: In the next decade, traditional finance may adopt blockchain technology
According to Web3 Plus, Binance CEO Richard Teng pointed out at the WebX 2024 exhibition in Japan that 2024 will be a key year for the widespread adoption of cryptocurrencies, and the participation of institutional investors is crucial. Since the beginning of this year, the approval of Bitcoin and Ethereum ETFs has brought more liquidity to the market and attracted different types of investors. Teng predicts that in the next decade, blockchain technology will dominate the middle and back-end businesses of traditional finance, improve efficiency and reduce costs.
● Binance CEO Richard Teng: Volatility is the norm in all financial markets, and the long-term market is still on an upward trend
existBinance Square AMAIn response to the sharp drop in cryptocurrency prices in early August, Binance CEO Richard Teng shared advice on how to deal with market volatility. Teng said volatility is the norm in all financial markets, not just cryptocurrencies. He stressed that from a long-term perspective, the market is still on an upward trend and investors should remain calm and focus on long-term holding opportunities. Teng also said that as the crypto market matures, volatility will decrease and market stability will increase.
● Lookonchain: Despite two declines in August, market indicators show that BTC prices are undervalued
According to Odaily Planet Daily, Lookonchain released a market analysis on X, pointing out that five indicators including the rainbow chart, relative strength index (RSI), 200-week moving average heat map, cumulative coin value destroyed days (CVDD), and annual average multiplier all show that the Bitcoin market has not yet peaked.
● BNB Chain has opened applications for MVB Season 8
According to BNB Chain, BNB Chain announced that the application for MVB Season 8 is now open, and the application deadline is 11:59 pm (UTC) on September 18, 2024. The Most Valuable Builder (MVB) program is a collaboration between BNB Chain, Binance Labs, and CMC Labs. It has now been shortened to 4 weeks. MVB Season 8 will continue to provide early Web3 builders with the resources and support they need to thrive in the BNB Chain ecosystem.
