According to Hong Kong media, a scary kidnapping happened in Tseung Kwan O district. A 3-year-old boy was suspected of being kidnapped at Tseung Kwan O Plaza, when the kidnapper covered him with a towel. mouth and carry it away. After that, the kidnapper demanded a ransom of 660,000 USDT, along with the message: "I need money, you need people."

Tseung Kwan O Plaza Shopping Center
Police from the Organized Crime and Three Hoi Investigation Team (OCTB, commonly known as O記) received the case and conducted an investigation. Many detectives went to the scene at Tseung Kwan O Plaza and surrounding areas on the night of July 3 to check CCTV cameras to find the kidnapper's whereabouts. According to information, at about 5:25 a.m. on July 4, police successfully rescued the boy in the Tseung Kwan O area and arrested two suspects.

Asset management firm Bitwise has filed an amended form S-1 for its quxy Ethereum spot ETF with the U.S. Securities and Exchange Commission (SEC).
 
In a July 3 filing, Bitwise amended its form S-1 registration statement ahead of schedule, including a six-month fee waiver for up to $500 million. The filing did not include a specific launch date for listing and trading on NYSE Arca but said it would be “as soon as practicable after the S-1 becomes effective.”

Russian authorities could legalize stablecoins in international transactions to simplify transactions with BRICS partners and reduce the impact of sanctions.
Russia will allow the use of Stablecoins
Since February 2022, Russian businesses have faced significant payment difficulties due to sanctions and compliance measures. This has impacted both companies that were sanctioned and those that were not directly targeted. 

US Federal Reserve (Fed) Chairman Jerome Powell gave a speech in Sintra yesterday and continued the dovish tone he has shown recently.
Powell emphasized that the Fed needs to be more confident before cutting interest rates, emphasizing that the 4% unemployment rate is “still very low,” inflation is returning and he does not see inflation falling to 2%. this year or next year.

The dominance of Long Bitcoin liquidations across all exchanges has fluctuated significantly in 2024, reflecting fluctuations in market sentiment. Seven-day moving average data shows periods of increased Long liquidation, especially in April and June, coinciding with significant price movements.

In March, the dominance of Long liquidations spiked above 60%, correlating with a significant drop in Bitcoin price from around $70,000 to $60,000. This trend illustrates the impact of market corrections on leveraged positions.

Today, according to a report from Lookonchain, a large investor or an institution sold 3.13 million LDO (worth $5.77 million), 49,771 AAVE (worth $4.54 million), 269,177 UNI (worth $2.41 million) and 250,969 FXS (worth $708k), causing a decline in the price of these tokens.
This investor spent more than $73 million to buy ETH and tokens in the Ethereum ecosystem after the SEC approved the 19b-4 form for the ETH ETF in late May.

After a strong start to this year, market participants are wondering what's next for crypto.
Not much, according to some. Others see prices continuing to rise in the second half of 2024 after one of the strongest performances in ETF history.
That comes despite persistent inflation, geopolitical tensions and political shifts on US soil, which could put crypto on the minds of single-issue voters come November. .

Bitcoin appears to be in a re-accumulation phase, according to recent analysis of price movements and on-chain data.
Bitcoin chart with Wyckoff Reaccumulation Pattern
According to CryptoQuant, the current Bitcoin price chart closely matches Wyckoff's reaccumulation phase. The price has been ranging in a consolidation range, bouncing between horizontal support around $57,178 and resistance near $71,587. This sideways movement is typical of a consolidation phase, when the market is not clearly bullish or bearish.

In a world full of tap to earn games like Hamster Kombat and Notcoin, hearing that a game on Telegram has a slightly different mechanic, aka Swipe to earn, or swipe to earn11—no matter how simple—is jarring. brings a new feeling.
Instead of forcing you to constantly tap on the screen, Catizen requires you to swipe to combine cats together to increase their level and value—while it's as simple as tapping, it requires more attention.

Polkadot Treasury currently holds assets equivalent to 38 million DOT, worth approximately $245 million. Ambassador Tommi Enenkel, known as alice_und_bob, has shared a new report providing the latest update on the network's treasury.

Polkadot treasury assets (percentage). Source: forum.polkadot.network
This balance means the network can only sustain operations for around two years at current spending levels. The report states:

Cardano founder Charles Hoskinson has issued a warning about the impact of censorship on artificial intelligence (AI), coinciding with exchange Robinhood's acquisition of Pluto, the AI-powered investment advice platform recently.
According to Bloomberg, the move is aimed at bringing tailored investment strategies and analysis to Robinhood's retail brokerage users. However, Hoskinson's concerns shed light on the potential risks of centralized control over AI algorithms.

Short-term holders (STHs) are investors who have purchased Bitcoin within the last 155 days, while long-term holders (LTHs) are those who have held Hold Bitcoin longer.
Notably, the launch of the Bitcoin ETF in the US on January 11, approximately 172 days ago, means that investors who bought Bitcoin at that time are now classified as LTHs.

The decline in Bitcoin hashrate, an indicator that measures the relative decrease in computing power of the Bitcoin network, has dropped to levels not seen since December 2022 – shortly after the collapse of FTX during the market bottom. previous bear market.
According to data from CryptoQuant, the True Bitcoin Hashrate Drawdown currently stands at -7.6%, indicating a possible price bottom for this leading asset.
The case for a market bottom is supported by other indicators such as Bitcoin Exchange Reserves, MPI (Miner Position Index) and Bitcoin Miner Reserves, which all show low selling pressure.

Bitcoin ended June with monthly losses and clinging to the key $60,000 support level.
Unfortunately for the bulls, BTC may be heading towards harsher territory with a series of bearish indicators pointing to increased selling pressure in July.
MT. Gox unlocks $9 billion in Bitcoin
One of the most important bearish events in the cryptocurrency market in June was related to the refund of Mt. Gox is long-awaited.

Airdrops, initially conceived as a strategy to distribute free tokens and generate initial attention, have now become an integral part of comprehensive marketing strategies. They are important not only for attracting new users but also for maintaining long-term relationships with existing users. This method ensures that the airdrop contributes significantly to achieving organizational goals, be it building a community, driving product awareness or increasing brand recognition.

According to data from blockchain analytics firm Arkham, the German and US governments moved additional Bitcoin and Ether today, further signaling their potential intentions to sell these assets.
The German government transferred a total of 1,500 Bitcoin ($94 million) to several addresses, including those at Coinbase, Kraken, and Bitstamp. Data shows that German authorities sent 600 BTC and 500 BTC to an unknown address in two transactions, while also transferring 200 BTC to an address at Bitstamp, 100 BTC to a Coinbase address, and 100 BTC to a Kraken address .

Alex Thorn, Head of Research at Galaxy Digital, recently provided an analysis of Solana ETF spot filings from investment firms VanEck and 21Shares. The filings with the U.S. Securities and Exchange Commission (SEC) on June 28, demonstrate an aggressive move to integrate Solana (SOL) into the structured framework of regulated financial markets frameworks, similar to those established for Bitcoin and Ethereum.

Keith Gill, a stock trader best known for the 2021 GameStop “short squeeze,” is facing securities fraud charges in a class action lawsuit over a series of recent social media posts that caused GameStop (GME) stock price fluctuated widely between May and June.
However, a former federal prosecutor believes the case is likely to “fail.”
Filed on June 28 in the Eastern District of New York, the complaint purports to sue Gill for orchestrating a “pump and dump” scheme through a series of social media posts beginning on June 13. 5.

SK Hynix, a member of chaebol giant SK Group, the second largest chipmaker in South Korea after Samsung, will invest $74.6 billion over the next three years to develop memory chip technologies focusing on artificial intelligence (AI).
Parent company SK Group will also seek to raise an additional $57.8 billion to continue funding its AI efforts by 2026, according to a report from Reuters.
Are AI and chips the way to help companies lose money?