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Bitcoin slipped after a slightly higher-than-expected U.S. inflation print and a rise in weekly jobless claims.However, analysts remain optimistic about its long-term prospects, particularly with potential Fed rate cuts and the upcoming U.S. presidential election.
According to the analyst, Chinese pressure on Ethereum price may continue.
Centralized exchanges are favored by 58% of traditional hedge funds for liquidity and ease of use.
The exchange said it is enhancing its token evaluation process, focusing on tokenomics, distribution, utility and the development team's experience.
A newly formed cryptocurrency committee within South Korea’s top financial regulator, the FSC, will review the current ban on spot crypto ETFs.
- 07:55Jack Yi, Founder of LD Capital: Favoring ETH Is a Trend in Investment and Research, Black Swan Events Are a Normal Financial PhenomenonJack Yi, founder of LD Capital, posted on X, stating: Being bullish on ETH is a matter of trend investing and research. Sudden black swan events are a normal phenomenon in finance. Someone once warned me to be mindful of war, and I didn’t expect Israel to act so decisively. I hope world peace is not just an empty slogan. After the turmoil subsides, I remain bullish on ETH and will continue to hold spot positions. Previously, Jack Yi posted a bullish outlook on ETH, noting that there are $1.3 billion in CME short positions, $1 billion in AAVE shorts, and at least $3 billion across various exchanges, totaling $5 billion in ETH short positions that could be forced to cover. In a short squeeze scenario, ETH reaching $3,000, $3,500, or even $4,000 is highly possible. This is the core reason for buying 100,000 ETH options.
- 07:32SlowMist Cosine: Frequent Cryptocurrency Security Incidents, Single-Week Highest Loss Exceeds $6.5 MillionAccording to SlowMist founder Cosine, several major cryptocurrency theft incidents targeting individual investors occurred over the past week. Among these, there were two cases with losses exceeding $1 million each, one case with losses over $2 million, and the largest single loss reached $6.5 million. Smaller-scale thefts happened even more frequently, though specific figures were not disclosed.
- 07:32Christopher Hui: Hong Kong and Norway’s Collaboration Can Redefine Global Digital FinanceChristopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated during his visit to Oslo, Norway, that Norway is a highly digitalized economy that has been actively promoting mobile payment systems, blockchain technology, and digital asset management. Meanwhile, Hong Kong is home to around 1,100 fintech companies and startups. By combining Norway’s technological innovation with Hong Kong’s accessibility to the Asian market, collaboration between the two regions is expected to drive cutting-edge solutions and redefine digital finance on a global scale.