Daily News 🗞 | July 17 • Asia is the real powerhouse behind Ethereum’s rally • Strategy now owns 3% of all Bitcoin in circulation • DeFi TVL breaks above 116B as lending demands are back • PayPal plans to add Arbitrum support for PYUSD stablecoin • Crypto spot trading down 22% in Q2 despite Bitcoin rally #CryptoNews #PoloniexNEWS
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9031749175 Hello everyone, I am Liyuan. I will be live streaming for everyone at exactly 7 pm tonight. The Bitcoin daily chart is a small bullish line with short upper and lower shadows, and the trading volume is about half of the previous day, belonging to a high-level narrow range oscillation trend. At present, there is a 3-4 hour rebound within the 2-day line, followed by a 4-hour MA30 line oscillation. The momentum of the 4-hour MACD continuous decline has weakened. If the fast and slow lines are crossed by a golden cross, the price will continue to rise, and the 4-hour level rebound is not enough to reach a new high. It is necessary to retrace to a larger level to have a chance. Pay attention to today's major resistance 118900, standing firm is the key to success. The support of the 6-hour, 12 hour, daily, and 2-day market trends can be extended, and the larger the level, the greater the space. The daily chart is a relatively long bullish candlestick, with trading volume increasing by a quarter compared to the previous day, still maintaining a strong upward trend. After the strong breakthrough of the Ethereum 3220 neck line, the price reached the daily level pressure level of 3450 and then experienced an hourly level decline and retracement. After the bullish candlestick, there will be a trend of upward movement, but I still think that the more the price rises, the more we need to take profits in batches. There are a large number of locking plates in the area of 3450-3540, and I don't think it's possible to rush straight over in one breath. Tonight's live broadcast will bring you real-time short-term orders, including the layout of mainstream Ethereum knockoff market in the future. QQ group number: 923794278 Meeting number: 9031749175 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.
According to The Block, the tokenized money market fund platform Spiko announced the completion of a $22 million Series A funding round led by Index Ventures, with participation from White Star Frst, Rerail, BpiFrance, Blockwall, and other institutions, as well as angel investors such as Revolution co-founder Nikolay Storonsky, Kyriba founder Jean Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, and Blackstone Group co-founder Lionel Assant. Spiko focuses on providing token money market fund services for European enterprises. Users can obtain daily returns by investing in low-risk assets such as the Eurozone and US treasury bond bonds. The platform adopts blockchain technologies such as Ethereum and Arbitrarum, and has currently processed over $900 million in working capital. The company plans to collaborate with institutions such as Memo Bank, with the goal of exceeding $1 billion in asset management scale by 2025.
According to PolkaWorld, at yesterday's Web3 Summit event, Polkadot founder Gavin Wood pointed out that Polkadot's Proof of Stake (NPOS) is dragging down its security model and requires fundamental replacement and refactoring. Polkadot pays up to $500 million in security costs annually, mainly from Staking rewards. In the current structure, this fee is 85% of Polkadot's annual inflation, and this 85% fee is monetized by validators and nominators, flowing out of the ecosystem and not converted into network use or ecological activity. Gavin believes that this is an "unsustainable" fiscal structure that will undermine the discipline of online finance, weaken the accuracy and efficiency of ecological incentives. He proposes an alternative path called PoP (Proof of Personality), which uses "who are you" as the basis for power and trust on the chain. Gavin proposed a solution: to reduce security expenses by 80% in the short term, such as setting fixed salaries for validators, limiting self staking and ultra-high return expectations, introducing a "stable issuance model" for DOT, raising the threshold for validators, and introducing mechanisms such as KYC and interviews; Introduce PoP and Individuality in the mid-term, and activate an identity driven security model; Mid term supplementary tools include closing invalid resources and introducing native stablecoins.
In the past 12 hours, large transactions have shown that the main force has sold a total of $25.3 million, far exceeding the buy of $10.15 million, with a net outflow of $15.15 million, and a buy to sell ratio of 1:2.49. The main force has a significant intention to short. In the latest 1-hour cycle, there have been multiple large market sell orders exceeding $1 million, indicating a continuous increase in selling pressure. Combined with the current MACD running below the zero axis, RSI has fallen below the 50 line, further confirming the downward trend. In addition, the price has fallen below the support of the EMA24 and EMA52 moving averages, trading volume continues to shrink, market activity is sluggish, and downside risks have intensified. Be the first to grasp the main trends, unlock large transaction indicators through member activation, and accurately capture market turning points! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
According to a report by Golden Ten, the Financial Conduct Authority (FCA) in the UK has seized seven cryptocurrency ATMs and arrested two individuals on suspicion of operating an illegal cryptocurrency exchange.
