Potential impact of Ethereum ETF and highlights of Bitcoin ecosystem
1. Bitcoin's multi-level expansion (L2) integration: Bitcoin's L2 solution, as the key to improving transaction efficiency and reducing fees, currently has multiple major platforms on the market. Exploring how to seamlessly integrate these platforms to strengthen Bitcoin's comprehensive functions as a store of value, a medium of exchange, and a unit of account is an important topic at present.
2. Overview of highlights of the 2024 Bitcoin Conference: On July 25, Nashville ushered in the grand occasion of the 2024 Bitcoin Conference, where industry elites gathered to share cutting-edge insights. Golden Finance selects the highlights of the conference to present you with the latest developments in the crypto world.
3. BTC LSD: A new way to share staking income: Babylon innovatively provides a non-custodial staking solution that allows users to participate in BTC staking in a trustless manner, earn income by providing POS support for other blockchains, and allow more users to share the growth dividends of the Bitcoin network.
4. Hong Kong Stablecoin Sandbox Project Cooperation with JD.com: On July 18, the Hong Kong Monetary Authority announced the participants of the Stablecoin Sandbox Program, and JD.com CoinChain Technology (Hong Kong) was among them. JD.com plans to launch a stablecoin pegged to the Hong Kong dollar to further enrich Hong Kong's fintech ecosystem.
5. Potential impact of Ethereum ETF on the Bitcoin market: Market analysts pointed out that although the launch of the Ethereum ETF is highly anticipated, if there is a lack of new capital injection, it may put some pressure on the price of Bitcoin, especially considering the timing of the launch and market conditions.
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