2024.7.4 Cryptocurrency Events
● On July 3, nine US Bitcoin ETFs increased their holdings by a total of 208 Bitcoins
● The spot Ethereum ETF may be listed later next week or the week of July 15
● Nvidia CEO Huang Renxun reduced his holdings of $169 million of company stocks in June, the largest reduction in a single month
● Mt.Gox may have begun to repay creditors, and the on-chain Bitcoin movement has increased 10 times
● Since 2019, BTC and SPX have been negatively correlated four times, each time indicating a local low in Bitcoin prices
● A whale address spent 28.9625 million USDT on the chain to buy 8,633 ETH, with an average purchase price of $3,355.
● A newly created address has built a position worth $77.87 million in altcoins and ETH in the past 50 minutes. Currently, the top three tokens held by this address are ETH ($31.17 million), PEPE ($9.9 million), and SHIB ($9.69 million)
● Andrew Kang: We may see an extreme correction of Bitcoin to the $40,000 range
● According to Forbes, Trump has sparked a discussion about Bitcoin as a strategic reserve asset. $TRUMP $MAGA
● $CQT - Covalent announced a new perspective, outlook, and brand on July 8.
● $FRIEND - Friendtech announced that the $FRIEND token will remain on the base chain.
● $GAL - Galxe announced that the $G rebranding migration will begin on July 9.
● $RSS3 - RSS3 hinted that their mainnet will be launched soon.
● $RNDR-OKX will support the migration of $RNDR to $RENDER tokens on July 9.
● $LINK - Chainlink announced cooperation with Fidelity and Sygnum.
● $NGL - Borpa (Memecoin) has ended its cooperation with EntangleFi.
● $OM - MANTRA announced a partnership with UAE real estate giant MAG Group to tokenize $500 million in real estate assets.
● $SLP - Smart Layer has announced plans to update tokenomics soon.
● US CFTC says OHM and Klima are commodities. $KLIMA
