🌍 Global policy adjustments:
• Russia takes significant measures: In March, it announced limited purchases of cryptocurrencies, igniting market enthusiasm! Putin's decision is seen as a breakthrough against Western sanctions, with foreign trade settlements and mining legalization making Russia a new 'crypto-friendly country.'
• EU relaxes stablecoin regulations: In June, the MiCA amendment was passed, allowing compliant stablecoins like USDT and USDC to be freely exchanged, with transaction fees dropping by 80%! However, the EU Central Bank warns against letting US dollar stablecoins overshadow the euro, with undercurrents of regulatory power struggles.
• US banking industry accelerates layout: New FDIC regulations allow banks to independently conduct crypto operations, and giants like JPMorgan and Goldman Sachs have quietly advanced Bitcoin custody services, with institutional funding continuously flowing in. The net inflow for spot ETFs reached $14.4 billion in the first half of the year.
📈 Market experiences ups and downs:
• Bitcoin surges and then retreats: In May, it reached an all-time high of $112,000, dropping to $109,000 on July 7, with a daily fluctuation of over $10,000! Standard Chartered predicts it could reach $200,000 by the end of the year, but retail investors should be cautious—on July 2, over 90,000 people were liquidated, with $201 million in assets evaporating.
• Ethereum quietly builds momentum: Prices stabilize around $2,500, with a significant increase in developer activity, and DeFi locked assets returning to $50 billion. XBIT exchange partners with Ethereum to launch zero-knowledge proof technology, reducing transaction fees by 80% compared to traditional exchanges, enabling BTC/ETH cross-chain exchanges to be settled instantly.
• Altcoins polarize: AI concept tokens skyrocketed by 300% in a single day, but meme coins frequently face rugpull incidents (project founders absconding with funds). XBIT innovatively introduced an 'on-chain monitoring + community voting' mechanism, directly banning 127 fraudulent projects, becoming a 'guardian angel' for retail investors.
👨💼 Celebrity effect stirs the market:
• Musk establishes the American Party: On July 6, he announced the formation of a new political party, causing Bitcoin to drop 3% in the short term due to market concerns over political uncertainty. His earlier sale of 50,000 BTC followed by an increase in Dogecoin holdings has been questioned as a move to 'harvest retail investors without any bottom line.'
• CZ and Binance face continuous turmoil: Binance's spot trading volume in the second quarter reached $2.2 trillion, with a market share of 40.7%! However, it has come under scrutiny from the US SEC, accused of 'illegal operation of derivatives.' CZ urgently launched a $1 billion user protection fund to barely stabilize market confidence.
• Institutions secretly positioning themselves: The number of reserve companies holding Bitcoin surged from 87 at the beginning of the year to 135, with listed companies like MicroStrategy and Metaplanet hoarding coins. BlackRock quietly increased its ETH holdings, surpassing Coinbase. Do you understand this wave of operations?
$BTC $ETH
