You may not know that the moment you connect your wallet, you have already created value for yourself. @WalletConnect has distributed tens of millions of $WCT airdrops to real users on the chain, and in the future will reward more connectors, wallets, and DApp developers. It is doing one thing: fairly distributing the value of on-chain traffic back to every participant. #WalletConnect $WCT
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BTC Breaks $110,000 to Set New Historical High On July 10, 2023, at midnight Beijing time, the price of Bitcoin surged to $112,000, setting a new historical high. As of the time of some media reports, the price of Bitcoin was reported at $111,314, up 2.44% within 24 hours. At the same time, other cryptocurrencies such as Ethereum, Solana, and Cardano also saw significant increases.
Reasons for the Rise Short Squeeze Triggered Passive Buying: On July 10, $280 million in Bitcoin short positions were closed at key resistance levels, triggering passive buying and pushing the price to break previous highs.
Institutional Capital Inflow: Data from cryptocurrency trading firm GSR indicates that institutional investors have been continuously buying Bitcoin through various financial instruments. This demand pattern is more stable compared to historical speculative buying, providing strong support for the rise in Bitcoin prices.
Increased Market Risk Appetite: Nvidia's market capitalization surpassed $4 trillion, driving the Nasdaq to new highs, enhancing market risk appetite and directing funds towards crypto assets, with Bitcoin also rising as a risk asset.
Impact of Macroeconomic Factors: This year, the value of safe-haven assets like the US dollar has loosened amid increasing global macro uncertainty and escalating geopolitical conflicts. Coupled with an asset shortage in the global traditional financial market, a large amount of capital is seeking alternative investment targets, and Bitcoin meets the current market's diversified allocation needs.
Improvement in Regulatory Environment: Progress has been made in US stablecoin legislation. If the "GENIUS Stablecoin Act" is officially passed, it will become the first federal legislation in the US targeting stablecoins, bringing new funding channels to the digital currency market and enhancing market confidence.
Market Impact The significant rise in Bitcoin prices has led to many shorts being liquidated in the cryptocurrency market. Data from Coinglass shows that over the past 24 hours, liquidations across the entire cryptocurrency network exceeded $500 million, with nearly 110,000 people liquidated, of which nearly 90% were short positions.
Future Trend Expectations Under the influence of multiple favorable factors, investors generally expect that in the second half of 2025, Bitcoin is likely to continue setting new highs. The head of digital asset research at Standard Chartered recently predicted that Bitcoin's price may surpass $135,000 in the third quarter, and by the end of 2025, it could even rise to $200,000. However, Bitcoin remains a risk asset with high market volatility, and investors should be wary of potential pullback risks.
What is the ideal of Web3? It is that sovereignty belongs to the users, and the protocols are led by the community. @WalletConnect is realizing this in action. It uses open source for trust, incentivizes user participation with tokens, decentralizes power with governance proposals, and ensures decentralized operation with a staking system. $WCT is the key to connecting the future and is a true user sovereignty token. Connecting you, me, and the protocols of thousands of chains, it now has its native power.
Dear Friends, today we are conducting a survey and offering a Box🎁🎉BNB for 2000 subscribers. Whoever answers correctly first will unpack the BOX🎁🎉 2000 correct answers will share the BOX🎁🎉 BNB 💰
QUESTION: ETHEREUM, do you think it will reach a price of $5,000-$5,700 in 2025?
OR will BTC reach $120K-$137K first?
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@humafinance is building the bridge between traditional finance and decentralized protocols — enabling on-chain credit markets backed by real-world income. 🌐📈 From payroll advances to small business lending, the future of DeFi is real utility — and Huma Finance is leading the charge.💡 Let’s talk about what’s next in RWA and on-chain credit👇 #HumaFinance #DeFi #CryptoInnovation #BinanceSquare