ETH falls below the $4700 mark

[Arrive AI Announces Consideration of Holding Bitcoin as Cash Reserve] According to Golden Finance, Arrive AI has announced that it will consider holding Bitcoin as a cash reserve and establish a Bitcoin-denominated 'market-following' financing plan to facilitate fundraising.

[Taylor Thomson, Heir to Thomson Reuters, Loses $80 Million in Crypto Assets Due to Psychic's Advice] Taylor Thomson, heir to the Thomson Reuters family, lost over $80 million in cryptocurrency investments after following advice from a psychic. Reportedly, Thomson, with the assistance of former close friend Ashley Richardson, invested over $140 million in crypto assets during the 2021 bull market, with funds distributed across multiple wallets. The two had previously sought investment advice from a psychic, after which Richardson became deeply involved in asset management. The crypto market downturn in 2022 led to a significant shrinkage in the investment portfolio. Consulting firm Guidepost Solutions accused Richardson of executing over 450,000 unauthorized transactions and employing high-risk strategies, resulting in Thomson's substantial losses. Richardson denied the allegations, claiming all actions were based on Thomson's instructions and that there was no formal contract between them. Thomson filed a lawsuit against Richardson and related company Persistence in 2023. While a settlement has been reached with Persistence, the lawsuit against Richardson is still ongoing.

[Bank of America Lobbies to Block Stablecoin Interest Payments] According to Reuters, Bank of America is pushing for amendments to stablecoin regulatory rules, expressing concerns that related provisions could lead to capital outflows. Banking lobby groups have warned lawmakers that regulatory loopholes might allow crypto platforms to indirectly pay interest to stablecoin holders. The 'Genius Act' has already prohibited stablecoin issuers from paying interest but allows banks to issue stablecoins.

OKX - HYPE's current price is $45.44, with a 3.74% increase over 24 hours. 24-hour transaction volume of 700 million US dollars, up 83.42%, for reference only

According to the large transaction data in the past 12 hours, the total amount of sell orders at the main market price reached $57.97 million, far exceeding the buy order of $27.45 million, with a net outflow of $30.51 million, showing a clear short selling trend. Especially the large sell order of $5.04 million at 15:21 in the afternoon further suppressed the price, and although the latest purchase amount has slightly rebounded, it has not changed the overall downward trend. The current 2-hour candlestick shows a cross star, with prices below the EMA24/52 moving average. Coupled with the KDJ death cross, it confirms the bearish signal of large transactions. The large transaction indicator accurately tracks the main trend and leads in capturing abnormal market conditions. Open a membership, real-time grasp of the main capital flow, and seize every key market trend! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.