Japan will approve the first stablecoin denominated in Japanese yen, JPYC According to a report by Jinkoku, Nikkei News revealed that the Japan Financial Services Agency will approve the country's first issuance of the Japanese yen denominated stablecoin JPYC this month. The Japan Financial Services Agency will register the fintech company JPYC Inc. as a remittance service company, and it is expected to start selling within a few weeks after registration. The digital currency will be supported by liquid assets such as government bonds to maintain its value stable at 1 JPY=1 Japanese yen.
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Chain data triggers alarm: Multiple mysterious addresses collectively sell over 30000 ETH worth approximately $172 million within 24 hours. Among them, institutional giant Galaxy Digital was detected to have withdrawn 37808 ETH from multiple exchanges, while another address 0xE75 also transferred 17591 ETH from Coinbase during the same period. This anomaly quickly ignited market panic - did the whale smell the breath of collapse? The Three Reasons Behind the Selling Wave Pledge Ecological Collapse Warning The withdrawal queue of Ethereum validators surged to 671900 ETH (approximately $3.1 billion) on August 14th, reaching a historical peak and far exceeding the demand for new staking. The three major platforms of Lido, EtherFi, and Coinbase have become the main force for withdrawal, among which Lido's stETH withdrawal pressure is the most prominent. This' pledge escape 'originated from circular leverage Regulatory Game and Arbitrage Driven As BlackRock applies for ETH collateralized ETFs, institutional funds are accelerating their shift from decentralized platforms such as Lido to compliant custodians such as Coinbase. At the same time, there was a 0.3% decoupling between stETH and ETH, which attracted arbitrageurs to unwind staking for arbitrage. Currently, 278000 wstETH are marked as "high-risk" (health coefficient 1-1.1), and once decoupling intensifies, it may trigger DeFi chain liquidation. Technical breakthrough detonates clearing bomb The ETH price plummeted 4.13% on August 16th, breaking through the key support of $4400. Although it rebounded to $4489, the derivatives market exploded by $549 million within an hour. If ETH further falls below $4330, the liquidation scale of long positions on the entire network will reach $2.94 billion, which may trigger a "death spiral". Evacuate or relocate? The hidden battle between long and short positions in institutions The selling of giant whales is not a complete bearish trend Evacuation party: In addition to Galaxy Digital's large withdrawal, Ethereum Foundation affiliated addresses sold 1694 ETH within two hours to cash out $7.72 million, triggering speculation in the market about high-level reduction. Bottom fishing party: BlackRock's ETHA fund took in $338 million against the trend and increased its holdings by 105900 ETH in a single day; BitMine also snapped up 106485 ETH worth $470 million within 10 hours. This differentiation highlights the expected game between institutions and ETH - ETF funds are forming a hedge against pledge withdrawals, and Galaxy Digital reports that ETH treasury returns and institutional inflows are digesting selling pressure. - Critical point: $4330 determines the life and death line of bulls and bears The current fate of ETH lies in whether it can hold onto the $4330 clearing line. If lost, the $2.94 billion long position will be wiped out; On the contrary, if it can break through $4891, it will trigger a short liquidation of $1.248 billion, becoming a catalyst for upward movement. The sell-off of the giant whale may be a warning bell for the collapse of leverage, but the real money bets of the BlackRock suggest that this withdrawal is more likely to be a "visible withdrawal and hidden entry" of institutional portfolio adjustments. When the wave of staking recedes and ETF attacks collide, Ethereum's battle for the $5000 high ground has just begun Operation suggestion: BTC 117150 long, first target watch 118150, second target watch 119350; ETH 4405 long, first target is 4460, second target is 4515. 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 provide precise positioning to answer questions and offer 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 AICoin's position or viewpoint 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.
Trader gains $29.6 million from long ETH in 4 months According to Lookonchain monitoring, a trader on the Hyperliquid platform increased his principal from $125000 to $29.6 million within 4 months by long selling ETH, with a return rate of 236 times. He used two accounts to continuously compound profits and ultimately established 66749 ETH positions with a total value of approximately $303 million. At present, the total equity of these two accounts has increased from $125000 to $29.6 million.
Tom Lee: Bitcoin reserves will help lead the digital transformation of the United States On August 17th, Tom Lee, Chairman of the Board of BitMine, forwarded a tweet from US Treasury Secretary Bessent regarding the strategic reserve of Bitcoin, stating that establishing a strategic Bitcoin reserve is an important measure to ensure that the United States maintains its leading position in digital transformation. Besent mentioned in his tweet that the confiscated Bitcoin will form the foundation of strategic reserves, and the Treasury Department is exploring budget neutral ways to expand reserves and help the United States become a Bitcoin superpower.
Bitget INR/USDT's perpetual trading volume surged 150 times within 10 minutes, with a turnover of 10.42 million US dollars in the past 24 hours, an increase of 7.16% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally
In the past 12 hours, the main force has accumulated a net inflow of $4.39 million, with a total buying amount of $10.74 million far exceeding the selling amount of $6.34 million, showing a clear bullish trend. Especially during the 13:00-14:00 period, two consecutive large market buy orders exceeding $2 million pushed the price from $118000 to $118150, indicating the main intention of attracting funds. But then at 14:25, a large market price sell order of $1.18 million appeared, and the price fell under pressure. The current 1-hour candlestick test is supported by the EMA24/52 moving average, and combined with the KDJ overbought signal, we need to be alert to short-term pullback risks. Be the first to grasp the main trends, unlock large transaction indicators through member activation, and gain insight into opportunities! 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.