1. Data: Bitcoin price dropped by 8.2% after halving, marking the worst halving performance in history. 2. Binance founder CZ at Federal in Seattle

JIN10
2024.08.21 02:51
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After the halving, the price of Bitcoin fell by 8.2%, marking the worst halving performance in history. Binance founder CZ faces a class-action lawsuit in a Seattle court. The institutional holdings of Bitcoin ETFs have risen to 24%. BitFuFu's Q2 revenue exceeded $129 million, a 69.7% increase. The US SEC rejects Solana's spot ETF application. The market value of stablecoins hits a new high, indicating that cryptocurrency prices may rise

  1. Data: Bitcoin's price dropped by 8.2% after the halving, marking the worst halving performance in history.

  2. Binance founder CZ faces a new class-action lawsuit in the Seattle Federal Court.

  3. Analysts: The proportion of institutional holdings of Bitcoin ETFs in the last quarter rose to 24%.

  4. Research: More experienced Ethereum users are choosing to conduct private transactions on the blockchain.

  5. Binance successfully prevented a potential loss of $2.4 billion in 2024.

  6. Mining company BitRich's total revenue in Q2 this year exceeded $129 million, a 69.7% increase from the same period in 2023.

  7. Sources: The U.S. SEC rejected Cboe's application for a Solana spot ETF 19b-4.

  8. Xingyi City Court in Guizhou publicly tried a virtual currency "mining" pyramid scheme case involving tens of millions of RMB.

  9. CryptoQuant: The total market value of stablecoins has reached a new high, usually indicating an upcoming rise in cryptocurrency prices.

  10. 10x Research: With changes in U.S. election odds and a slightly favorable risk environment, Bitcoin may break through upwards again.

  11. Google: Advertisers offering cryptocurrency trading in Switzerland can now run ads.

  12. Analysts: The proportion of institutional holdings of Bitcoin ETFs in the last quarter reached 24%, higher than the 21.4% in the first quarter.

  13. Bernstein: U.S.-listed Bitcoin mining companies have a clear advantage over their unlisted counterparts and are becoming industry consolidators

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