According to Odaily, Hong Kong-based virtual asset management company Pan Du has received an important regulatory update. Its first-class (securities trading) and fourth-class (providing securities opinions) regulated businesses have been approved by the Hong Kong Securities and Exchange Commission. Pan Du is now authorized to offer distribution and investment advisory services for funds with a virtual asset investment ratio of more than 10%. Essa mudança representa um passo significativo para a empresa, permitindo que ela expanda seus serviços e alcance um mercado mais amplo1.

According to CryptoPotato, Bitcoin has recovered to $57,000 after a dip below $54,000, with analysts predicting a potential bull run that could reach $123,000. This rally comes after a challenging period for Bitcoin bulls, as the asset's price briefly fell below $54,000 for the first time in five months. Despite this, the cryptocurrency managed to recover some of its losses over the weekend and is currently trading around $57,000, marking a 9% drop on the weekly scale. Several industry participants believe another bull run could be on the horizon. An analyst, known as BATMAN, has suggested that the Bitcoin price chart is forming “a huge cup and handle pattern.” This pattern, if it plays out as expected, could see Bitcoin's price target reach $123,000, indicating substantial upside from current levels. The “cup and handle” is a technical chart pattern often used to identify potential bullish momentum in various markets, including cryptocurrencies. The “cup” signals a period of consolidation or a rounded bottom, followed by the “handle,” typically a downward-sloping channel. Some traders believe that the appearance of this formation could indicate a great buying opportunity

According to CoinDesk, the CoinDesk 20 Index, a broad-based index traded on multiple platforms across the world, showed a positive market trend. The index is currently trading at 1,959.12, marking an increase of 3.2% (+60.03) since the close of trading last Friday. Of the 20 assets, 19 are trading higher. The leaders in this upward trend are FIL, up 8.6%, and LINK, up 8.4%. On the other hand, HBAR and BTC did not perform as well, with HBAR seeing a drop of 1.5% and BTC only increasing by 1.2%. The CoinDesk 20 Index is a significant indicator of digital asset performance and its current upward trend indicates positive market movement. The performance of the index is closely monitored by investors and traders as it provides an overview of the market's main digital assets.#binancenews $BNB

$BTC
According to Odaily, Stake DAO announced that PrimeDAO has introduced three new voting incentives on the Balancer Votemarket. The new incentives aim to encourage greater participation in the decision-making process. Further details about the nature of these incentives were not provided in the notice. This move is seen as part of PrimeDAO's ongoing efforts to improve its governance model and promote a more inclusive and democratic ecosystem. Balancer Votemarket, where these incentives were introduced, is a well-known platform in the decentralized finance (DeFi) space, offering a variety of services including liquidity provision and automated wallet management. The introduction of these new incentives by PrimeDAO on the Balancer Votemarket platform is expected to attract more users and stakeholders to participate in the governance of the DAO. This could potentially lead to a more robust and effective decision-making process, ultimately benefiting the entire ecosystem. Stake DAO's announcement was met with positive responses from the community, indicating a general approval of PrimeDAO's efforts to improve its governance structure. However, the real impact of these new incentives on participation fees and PrimeDAO's overall governance remains to be seen.$BTC #BinanceTurns7 #bitcoin

According to Odaily, Justin Bons, founder of Cyber ​​Capital, expressed concerns about the top 10 Tier 2 (L2) platforms based on market capitalization. He argues that these platforms represent a centralized dystopian nightmare due to the potential misuse of multi-signature features. Bons pointed out that platforms such as Arbitrum, Base, Optimism, Blast, ZKsync Era, Linea, Mantle, Scroll, Starknet, and Manta Pacific could misuse the multi-signature features to steal all users' funds. He further explained that authorized bidders on these platforms could also exploit these capabilities, and centralized operators could take advantage of Miner Extractable Value (MEV). Furthermore, centralized classifiers and validators could censor and freeze all user funds. For example, on the Blast platform, if there is not enough liquidity on the bridge, user funds could be frozen. Similarly, on the Mantle and Manta Pacific platforms, if external data is not available, users' funds may be lost. These platforms also have centralized validators that can freeze all funds. Bons' comments highlight the potential risks associated with the centralization of L2 platforms. Their concerns highlight the need for more decentralized systems to ensure the security and integrity of users' funds. The potential misuse of multi-signature capabilities and the ability for centralized operators to exploit MEV are significant concerns that need to be addressed to ensure the security of these platforms.#BinanceSquareFamily #binancenews

According to BlockBeats, Solana meme coin platform pump.fun achieved a cumulative revenue of $55.46 million as of July 6. The data was provided by DefiLlama, a trusted source of decentralized finance (DeFi) market data. The Solana blockchain has been gaining traction in the cryptocurrency market due to its high-speed and low-cost transactions, making it an attractive platform for DeFi projects. The success of pump.fun is a testament to the growing popularity and acceptance of meme coins in the crypto market. However, investors are advised to exercise caution and conduct thorough research before investing in any cryptocurrency, including meme coins#BinanceSquareFamily #binancenews $SOL

It is an investment strategy that can be applied to the BNB cryptocurrency. Let's understand how it works:
1. What is $BNB
- BNB is the cryptocurrency that powers the BNB Chain ecosystem. It is used on Binance to make trades and pay fees.
- Furthermore, BNB is one of the most popular utility tokens in the world, with diverse applications and use cases⁶⁹.
2. Dollar-Cost Averaging (DCA) com $BNB
- DCA is a strategy that minimizes market timing risk by distributing investments over time.

em 24 horasEm 06 de julho de 2024, 16h48 (UTC). De acordo com a Binance Market Data, o Bitcoin ultrapassou o benchmark de 58.000 USDT e agora está sendo negociado a 58.031,480469 USDT, com um aumento reduzido de 2,67% em 24 horas.$BTC #BinanceSquareFamily #binancenews $BNB $BTC

On July 6, 2024, 3:46 pm (UTC). According to Binance Market Data, BNB has surpassed the benchmark of 520 USDT and is now trading at 520.200012 USDT, with a reduced increase of 5.07% in 24 hours. #binancenews #BinanceSquad

According to Odaily, one of the fastest growing projects in the cryptocurrency field this year is The Open Network (TON), a project associated with Telegram. Telegram's previous blockchain plans caused dissatisfaction among US regulators. However, by collaborating with Telegram, TON managed to win favor with its 900 million monthly active users. This year, TON's Total Value Locked (TVL) soared 1,400% to surpass $1 billion. Data tracked by DeFiLlama and CoinGecko reveals that since January, TON's market cap has tripled, placing it in the top ten. This significant growth demonstrates TON's potential and influence in the cryptocurrency market. Despite previous regulatory concerns, the project has managed to achieve substantial growth and popularity, largely due to its association with Telegram and the platform's vast user base. It is important to note that TON's rapid growth is a testament to the growing acceptance and adoption of cryptocurrency projects. TON's success also indicates the potential for other projects to achieve similar growth by leveraging popular platforms and their user bases. However, it is also crucial that these projects effectively overcome regulatory challenges to ensure their long-term success in the constantly evolving cryptocurrency market.#binancenews

According to PANews, on July 5th, there was a significant movement of capital in several cryptocurrency funds. Grayscale GBTC, a well-known digital currency investment product, recorded a net outflow of $28.6 million. On the other hand, Fidelity FBTC recorded a net inflow of $117.4 million. Other funds also reported substantial net inflows. Bitwise BITB reported a net inflow of $30.2 million, ARK ARKB had a net inflow of $11.3 million, and VanEck HODL reported a net inflow of $12.8 million. These movements indicate a dynamic change in the investment scenario for digital currencies. It is important to note that these numbers represent the net movement of capital, which is the difference between inflows and outflows of funds. These movements can provide information about general investor sentiment towards these digital currency investment products.

According to CryptoPotato, the price of Bitcoin recently fell below $54,000, leading to a market-wide correction. However, increased interest in buying Bitcoin suggests that some investors see it as a potential buying opportunity. Metrics such as the Relative Strength Index (RSI) and the Fear and Greed Index indicate that the asset is oversold and in fear territory, which can be interpreted as a potential signal for a recovery. On July 5, the price of Bitcoin fell more than 5%, falling below the $54,000 level for the first time in five months. This downtrend coincided with a general market correction, affecting major altcoins such as Ethereum, Ripple, Solana and others. While some critics, including American stockbroker Peter Schiff, predicted that the market would continue to decline in the near future, others see the negative conditions as a potential buying opportunity.Google Trends data shows that searches for 'buy Bitcoin' reached their highest level in a month. The most interested residents are from Nigeria, Cameroon, Singapore, United Arab Emirates, South Africa and Australia. Americans ranked 12th, while residents of European countries such as Sweden, Switzerland, the United Kingdom and Ireland lagged further behind. Two key metrics suggest that Bitcoin's decline could soon be replaced by another rise. The Relative Strength Index (RSI), which indicates whether the asset is oversold or undersold, is currently at 24, having surpassed the 70 mark only a few times in recent months. The Bitcoin Fear and Greed Index, which measures current investment sentiment, recently entered fear territory after being in the greed or extreme greed zone for most of 2024. Some industry participants believe that Bitcoin being in this state presents a good buying opportunity. Billionaire investor Warren Buffett once said that investors should be greedy when the crowd is fearful and vice versa.#binancenews

began repaying creditors in Bitcoin and Bitcoin Cash on July 5, 2024, under a legal rehabilitation plan. Lawyer Nobuaki Kobayashi oversees the process, ensuring checks and agreements with creditors before disbursements. a loss of 850,000 BTC, leading to bankruptcy, legal battles, and a move to civil rehabilitation in 2018. Gox, once a dominant force in cryptocurrency exchange, began the process of repaying its creditors, distributing Bitcoin and Bitcoin Cash for through designated exchanges. This change follows the detailed rehabilitation plan defined by the exchange's legal team. Starting July 5, 2024, specific rehabilitation creditors began receiving the cryptocurrencies owed. This process is governed by coordination between the Rehabilitation Administrator and the cryptocurrency exchanges involved. The refunds aim to address debts accumulated after the notorious stock market collapse in 2014.Refund processThe exchange, led by lawyer Nobuaki Kobayashi, adheres to a set of strict conditions to facilitate these refunds. Among these conditions, verifying the authenticity of creditors' accounts and obtaining their consent to engage in the Agency Receiving Agreement are fundamental. Only after these checks have been completed, and ensuring robust discussions around reimbursement protocols, will disbursements be executed. Additionally, the flow of funds is tracked transparently by the community, with updates from entities such as MtGoxBalanceBot on X highlighting the movement of significant sums of Bitcoin. To date, the Administrator reports movement of 47,288 BTC, signifying a substantial step towards resolving the long-running financial saga.Total current balance across all known MtGox Administrator addresses: 94457.46716047 BTC. 47228.73365683 BTC has been transferred from these addresses since funds were consolidated on 5/30/2024. $BTC#bitcoi#mtgoxmt.gox mt gox2024-07-05T07:02:09.483Z-MtGoxBalanceBot (@MtGoxBalanceBot) July 5, 2024Historical Context and ImpactFounded in 2010 by Jed McCaleb and later sold to Mark Karpelès, Mt. Gox was instrumental in shaping the early cryptocurrency trading scene. At its peak, it handled 70% of all Bitcoin transactions worldwide. The discovery of a massive security breach in 2014, however, revealed a loss of approximately 850,000 BTC, catapulting the exchange into bankruptcy and subsequent legal battles. These court cases culminated in the move from bankruptcy to civil rehabilitation in 2018, with Karpelès facing conviction for falsifying financial records in 2019. The ongoing reimbursement process marks a chapter in rectifying financial discrepancies and delivering long-awaited justice to affected parties. This structured reimbursement initiative signifies a crucial moment of recovery and restitution to the cryptocurrency community influenced by the Mount Gox disaster.