律所Burwick Law与Wolf Popper扩大对Memecoin平台Pump.fun的诉讼，将Solana基金会、Solana Labs、Jito Labs及其多位高管列为“共谋者”，指控其涉非法赌博、电汇诈骗、证券欺诈、知识产权盗窃及无牌资金传输等罪名。起诉书称，这一平台涉嫌运营“类赌场”系统，放任洗钱、恐怖融资与性交易等犯罪活动，还被控协助朝鲜黑客组织Lazarus清洗15亿美元。Solana与Jito暂未回应。原告方要求追责参与该“非法加密赌场计划”的所有组织与个人。(金色财经)
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The cryptocurrency market is shrouded in dark clouds, with Bitcoin plummeting rapidly in the past 24 hours, breaking through the $117000 mark and experiencing a daily decline of 1.8%, triggering market panic. This sudden wave of selling is driven by multiple factors, and investors cannot help but ask: when will the decline end? When will the $120000 mark be recovered? Selling Tide: Long term Holders' Cash Out and Pressure from the 'August Curse' On chain data is showing a red light - the ratio of the "Coin Age Destruction" (CDD) indicator, which measures the behavior of long-term holders, has soared to 0.25, reaching a rare high in nearly a decade, comparable to the level before the deep market pullback in 2014 and 2019. This signal points directly to the large-scale awakening and transfer of "dormant old coins", indicating that early investors are taking advantage of high prices to accelerate cash out and exit. What is even more worrying is the historical pattern: Bitcoin has always performed poorly in August, with a historical median return rate as low as -8.3%, and has plummeted for three consecutive years in that month (-14% in 2022, -11.2% in 2023, and -8.73% in 2024). With only one week left until August, the 'curse effect' has intensified market tension. Multi head defense line: technical form and institutional fund construction support Despite intense selling pressure, the market is not entirely hopeless. Technically, Bitcoin is currently in a "symmetrical triangle" or "bull market flag" consolidation structure, with lower support holding at $116000 and upper resistance suppressed in the range of $119000 to $120000. If we can break through this resistance band with a large volume, technical theory suggests that the price is expected to hit $123000 or even $130000. The key driving force behind this potential comes from institutional funds: Bitcoin spot ETFs continue to "suck in money", recording a net inflow of $5.2 billion in July alone, forming strong buying momentum to take on selling chips from long-term holders. Under the intense confrontation between long and short positions, the market has entered a period of silent turnover. Eye of the Storm: August becomes a critical window for long short battle As August approaches, the market stands at a crossroads. If the inflow of ETF funds does not decrease and Bitcoin can withstand seasonal selling pressure, it is expected to regain its upward momentum after the consolidation is over. The previously predicted target of $120000 by Standard Chartered Bank analysts has been deemed "too conservative", and the year-end outlook of $200000 remains unchanged; Jan3 CEO Samson Mow boldly predicted that he could see $500000 to $1 million within a year. However, in the short term, if the CDD indicator continues to rise or ETF inflows slow down, prices may further decline to test support strength. The battle between long and short positions has reached a white hot stage: on one hand, there is the historical shadow of long-term holders cashing out and the "August Curse", and on the other hand, ETF funds are bottoming out and technical forms are ready to take off. Can Bitcoin build a defensive line around $117000 and break the 'downward curse' in August? The market game in the next two weeks will determine whether it will regain its offensive and challenge $120000, or fall into a deeper pullback quagmire Operation suggestion: BTC 117500 long, first target 118500, second target 120500; ETH 3650 long, first target at 3700, second target at 3765. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
On July 25th, according to Whale Alert monitoring, the USDC Treasury sold approximately 54.467 million USDCs on the Ethereum chain.
The current price of ETH is $3688.69, with a 1.90% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.09 million US dollars, with multiple orders being the main liquidation and 2.84 million US dollars (28.19%) of ETH liquidation. The data is for reference only.
BlockBeats news, on July 25th, according to CNN, US Securities and Exchange Commission (SEC) Chairman Powell told several colleagues and allies that he will never succumb to Trump's call for him to resign, and vowed to withstand unprecedented and multifaceted attacks from Trump in the coming months for refusing to cut interest rates. Powell privately stated that his retention is not only due to personal reasons, but also because his position as chairman is closely related to the overall independence of the Federal Reserve. Resignation now will weaken the Fed's long-standing independence from political interference. Powell strongly believes that his responsibility is to maintain this independence. Powell briefly served in the George W. Bush administration and was known for his rigorous, non partisan "outspokenness" image during his more than decade of work at the Federal Reserve, which helped him be nominated by Trump as Fed Chair in 2017. However, the style that was appreciated by Trump during his first term has now become Powell's weakness. Trump has repeatedly expressed dissatisfaction with Powell's unwillingness to respond to his requests for interest rate cuts, saying, "It's like talking to a chair and not responding The White House has spent a lot of time in recent weeks focusing on the Federal Reserve's $2.5 billion renovation project, launching an investigation into the project's overspending, and suggesting that this may be the reason for Powell's dismissal. On Thursday of this week, Trump increased pressure by personally visiting the construction of the project at the Federal Reserve, with Powell personally accompanying him. Trump patted Powell's back and said, 'I just want to see one thing happen, interest rates must come down.' One Trump advisor likened this pressure to 'boiling a frog in warm water.'. Either Powell jumps out, or he gets cooked
On July 25th, according to market data, the Dow Jones Industrial Average rose 0.14%, the S&P 500 Index rose 0.14%, and the Nasdaq rose 0.02% at the opening of the US stock market. Cryptocurrency stocks fluctuate, among which: SharpLink Gaming (SBET), a "ETH version micro strategy", rose 4.55% and announced today that the former head of digital asset strategy at BlackRock has joined as co CEO; Mercuria Fintech Holding (MFH) fell 13% after announcing the launch of a Solana based treasury strategy; Volcon (VLCN) rose 6.2% and has raised over $500 million to launch its Bitcoin financial strategy; Circle (CRCL) fell 0.6%; Coinbase (COIN) fell 1.02%; Tesla (TSLA. O) fell 1.1%; MicroStrategy (MSTR) rose 2.27%; MARA Holdings (MARA) fell 2.5%; MicroStrategy (MSTR) fell 2%.
