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Recent Important News Briefs in the Crypto Market
1. Bitcoin Breaks $120,000: The price of Bitcoin has surpassed $120,000, reaching a new high since July 18, driven by weakened confidence in the dollar. Hong Kong stock market crypto concept stocks such as Huajian Medical (+18.75%) and Blueport Interactive (+13.11%) have strengthened.
2. Ethereum Approaches Historical High: The price of Ethereum has exceeded $4,300, reaching a new high since 2021, with intense market speculation, focusing on the support at the $4,000 level.
3. Trump Supports Crypto Policy: U.S. President Trump signs an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, boosting market sentiment in the short term and attracting institutional funds.
4. Tornado Cash Trial Result: Tornado Cash co-founder Roman Storm has been convicted of operating an unlicensed money transfer business, but the money laundering and sanctions violation charges were not agreed upon, and an appeal is forthcoming.
5. Hong Kong Stablecoin Regulation Implemented: The Hong Kong Stablecoin Ordinance went into effect on August 1, requiring issuers to hold 100% of legal currency or highly liquid asset reserves, attracting over $20 billion in institutional funds and regulating market order.
6. Singapore Exchange Plans Crypto Futures: The Singapore Exchange (SGX) announced plans to launch cryptocurrency perpetual futures for institutional investors by the end of 2025, enhancing market derivative tools.
7. Crypto Market Total Market Value Rebounds: On August 9, the total market value of cryptocurrencies returned to $4 trillion, with Ethereum's market value surpassing $500 billion, rising 1.7% within 24 hours, indicating a strong market rebound.
8. GameFi Sector Erupts: The GameFi ecosystem's market value reached $20 billion, with gaming tokens like DarkStar skyrocketing by 4,864%, Sup Foundation secured $15 million in Series B financing, and Animoca collaborated with AMGI Studios to acquire KARRAT tokens.
9. Binance Alpha Platform New Projects: Binance Alpha launched Xeleb Protocol (XCX) and SatLayer (SLAY), with trading starting on August 11 at 8:00 and 10:00 (UTC) respectively, allowing users to receive airdrops (800 XCX or 525 SLAY) through Alpha Points.
10. On-chain Data Bullish Signals: On-chain data shows increased Bitcoin whale activity, with trading volume surging by 15%. Tokens like $OP, $RNDR, $LINK, $SOL, and $INJ show upward potential due to narratives around Layer-2, AI, and DeFi.
The market is highly volatile; investment should be cautious.
#MichaelSaylorๆ็คบๅขๆBTC #็นๆๆฎๅ ๅฏๆฐๆฟ
1. Bitcoin Breaks $120,000: The price of Bitcoin has surpassed $120,000, reaching a new high since July 18, driven by weakened confidence in the dollar. Hong Kong stock market crypto concept stocks such as Huajian Medical (+18.75%) and Blueport Interactive (+13.11%) have strengthened.
2. Ethereum Approaches Historical High: The price of Ethereum has exceeded $4,300, reaching a new high since 2021, with intense market speculation, focusing on the support at the $4,000 level.
3. Trump Supports Crypto Policy: U.S. President Trump signs an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, boosting market sentiment in the short term and attracting institutional funds.
4. Tornado Cash Trial Result: Tornado Cash co-founder Roman Storm has been convicted of operating an unlicensed money transfer business, but the money laundering and sanctions violation charges were not agreed upon, and an appeal is forthcoming.
5. Hong Kong Stablecoin Regulation Implemented: The Hong Kong Stablecoin Ordinance went into effect on August 1, requiring issuers to hold 100% of legal currency or highly liquid asset reserves, attracting over $20 billion in institutional funds and regulating market order.
6. Singapore Exchange Plans Crypto Futures: The Singapore Exchange (SGX) announced plans to launch cryptocurrency perpetual futures for institutional investors by the end of 2025, enhancing market derivative tools.
7. Crypto Market Total Market Value Rebounds: On August 9, the total market value of cryptocurrencies returned to $4 trillion, with Ethereum's market value surpassing $500 billion, rising 1.7% within 24 hours, indicating a strong market rebound.
8. GameFi Sector Erupts: The GameFi ecosystem's market value reached $20 billion, with gaming tokens like DarkStar skyrocketing by 4,864%, Sup Foundation secured $15 million in Series B financing, and Animoca collaborated with AMGI Studios to acquire KARRAT tokens.
9. Binance Alpha Platform New Projects: Binance Alpha launched Xeleb Protocol (XCX) and SatLayer (SLAY), with trading starting on August 11 at 8:00 and 10:00 (UTC) respectively, allowing users to receive airdrops (800 XCX or 525 SLAY) through Alpha Points.
10. On-chain Data Bullish Signals: On-chain data shows increased Bitcoin whale activity, with trading volume surging by 15%. Tokens like $OP, $RNDR, $LINK, $SOL, and $INJ show upward potential due to narratives around Layer-2, AI, and DeFi.
The market is highly volatile; investment should be cautious.
#MichaelSaylorๆ็คบๅขๆBTC #็นๆๆฎๅ ๅฏๆฐๆฟ
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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