Market macro news:
With the support of Bitcoin spot ETF, real money is used to support the rising price of Bitcoin.
This news means that BlackRock's own global fund has increased its investment in buying its own Bitcoin spot ETF fund and snapping up shares, and BlackRock's clients are more institutions and capital.
In other words, institutions and capital are scrambling to buy chips and buying Bitcoin, which shows their preference for it.
BlackRock received a single-day inflow of US$111 million, and last week's inflow was as high as US$500 million. This is just the Bitcoin RTF. The Ethereum ETF also saw a large inflow. The cumulative holding of Bitcoin is 363,600, and the asset management scale has reached US$17.2 billion.
This is just BlackRock. If other ETFs are included, the cumulative assets under management have reached 62.537 billion US dollars.
Potential risks and opportunities in the global market
Despite the recent strong performance of the market, Mark Spitznagel, founder of the well-known Black Swan Fund Universa, issued a warning in an exclusive interview with Bloomberg. He pointed out that although the stock market has hit a record high and traders are confident about the soft landing of the economy, investors still need to be vigilant about possible secondary effects. As market sentiment rises, investors' risk awareness may gradually fade, which is particularly important in potential market fluctuations.
In addition, recent economic data has been stable, market concerns about recession have gradually subsided, and China's unexpected large-scale stimulus measures have led to a general rise in global stock markets. U.S. stocks have performed strongly after the rate cuts, setting new record highs many times. However, investors should be aware that the market's heat can sometimes mask potential risks, especially when economic data is volatile.
The man is back with a shrunk net worth of $30 billion
After another 4 months in prison, CZ was released early. During these four months, Binance experienced four difficult months because its coin listing was questioned and criticized by the market.
Coin listing craze: During this period, Binance launched 37 token perpetual contracts, 8 spot tokens, 6 Launchpools, and 1 Megadrop, but this did not bring traffic and reputation to Binance.
Public opinion storm: Therefore, He Yi came out to clarify the statement more than once, but it was not accepted by the market and users, and the choice of coin to list became a big problem.
Regulators: CZ’s imprisonment has forced Binance to face greater regulatory issues. Compliance has become a major problem for Binance. After all, as the world’s largest exchange, it needs to comply with the regulatory policies of various countries.
New management: Although the new management frequently releases new products or appears at events and communicates with the community, it does not bring about any new changes.
So everyone is looking forward to CZ's return. Although he is banned from participating in Binance management for life, it will not affect his influence on Binance in the future.
During the CZ period, more focus was placed on discovering future innovative projects with market potential. This is also the persistence of a technical man. The coin listing choices during the CZ period allowed more projects to become industry benchmarks, so CZ will still be able to boost the market in the future.
in conclusion
In general, the release of Binance founder Zhao Changpeng has injected new vitality into the market. The accompanying rise in BNB prices and the strong performance of mainstream cryptocurrencies such as Bitcoin and Ethereum indicate that investor confidence is recovering. The crazy rise of Meme coins has also brought new vitality to the market, but investors still need to remain vigilant to cope with potential market fluctuations. In this wave of cryptocurrency craze, there are both opportunities and risks, and future market trends still need to be paid attention to.
