[CryptoQuant CEO: Bitcoin Falling Below the $94,000 Cost Zone May Confirm a Bear Market] CryptoQuant founder and CEO Ki Young Ju stated that the average cost for Bitcoin investors who entered the market in the past 6 to 12 months is approximately $94,000. Only when the price falls below this cost zone can the bear market cycle potentially be confirmed. For now, it is still recommended to remain cautious and observe.

[Astria Founder Announces Closure of Development Company] Josh, the founder of the shared sequencing network Astria, announced on the X platform that he has decided to close Astria's development company. In July 2024, Astria had completed a $12.5 million funding round, led by dba and Placeholder VC.

[Bitwise CEO: The Crypto Market May Be Near the End of the Bear Market] Bitwise CEO Hunter Horsley stated on the X platform that the traditional 'crypto four-year cycle' model is no longer applicable to the current market structure. Since the launch of Bitcoin ETFs and changes in the regulatory environment, there have been significant shifts in market participants and trading drivers. He believes the crypto market may have been in a bear market phase for the past approximately six months but is now nearing the end of the downturn. He also mentioned that the overall allocation environment for crypto assets has 'never been stronger.'

["Original ETH Short Whale" Adds 16,937 ETH, Total Holdings Reach 422,175 ETH] The "Original ETH Short Whale" has purchased another 16,937 ETH, valued at approximately $53.91 million. The address now holds a total of 422,175 ETH, with a cumulative transaction amount of approximately $1.34 billion.

[Google Submits Remedy Proposal to EU, Refuses to Split Ad Tech Business] Google has been fined €2.95 billion (approximately $3.42 billion) by the EU for monopolistic practices in its ad tech business and has submitted a remedy proposal to the European Commission, but it has not proposed splitting the related business. Google stated that its proposal complies with the EU's decision while avoiding measures that would impact European publishers and advertisers. The proposal includes adjustments to its ad tech operating model, allowing publishers to set differentiated minimum prices when using Google's ad management platform and enhancing the interoperability of Google's tools with third-party products. Google said it will maintain cooperation during the EU officials' evaluation of the proposal.