Terraform Labs announces cessation of operations: Following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), Terraform Labs has decided to cease operations and the Terra blockchain will be taken over by the community (Cointelegraph).
MicroStrategy Plans to Sell $500M in Stock to Buy More Bitcoin: The enterprise software company will raise funds through the sale of stock to continue increasing its Bitcoin holdings, further demonstrating its commitment to Bitcoin as a reserve asset (Cointelegraph).
Taiwan Launches Crypto Self-Regulatory Association: The Taiwanese government has formed an association to help cryptocurrency companies self-regulate, a move that comes after the Ministry of Justice proposed anti-money laundering amendments (Cointelegraph).
Curve Finance faces second hack: Curve Finance’s CRV token plunged 28% during a hack-induced liquidation, sparking concerns in the DeFi community (Cointelegraph).
Manta Network Launches $50 Million Ecosystem Fund: Manta Network has launched a $50 million ecosystem fund to support blockchain innovation, especially early-stage projects (Cointelegraph).
UwU Lend Hacked Again: UwU Lend has been hacked again, losing $3.5 million as it begins the process of compensating hack victims (Cointelegraph).
Bitcoin Rises After Trump Pledges to Support U.S. Mining Operations: Bitcoin mining stocks surged after former President Trump pledged to support bitcoin mining (Cryptonews).
Biden team considers accepting cryptocurrency donations: Biden's campaign team is considering accepting cryptocurrency donations to show that they are not hostile to cryptocurrencies (Cryptonews).
Hong Kong Report Says Bitcoin Posses Low to Medium Risk in Financial Crime: A Hong Kong government report has stated that Bitcoin poses a low risk in terms of money laundering and financial terrorism (Cointelegraph).
Solana’s TON Blockchain Surpasses Ethereum in User Activity: The TON blockchain has surpassed Ethereum in daily active addresses due to increased activity on the Solana network and strong performance of Solana-based memecoins (Cryptonews).
Conclusion and Recommendations
Based on the above analysis, Bitcoin may have a certain correction in the short term, but the long-term trend is still bullish. Investors are advised to build positions in batches and avoid buying a large amount at one time. Pay attention to mainstream currencies such as $BTC $ETH and adjust investment strategies in a timely manner.
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