Binance founder Zhao Changpeng (CZ) responded to economist Peter Schiff, emphasizing that Bitcoin protects the wealth of millions of people worldwide. The Bitcoin Historian （The Bitcoin Historian）

[Japan's 10-Year Government Bond Yield Rises to 1.94%, Hits 16-Year High] Japan's 10-year government bond yield rose to 1.94%, the highest level since July 2007.

[Aster Team Burns $80 Million Worth of Buyback Tokens] On-chain data shows that the Aster team has conducted an on-chain burn operation for tokens worth $80 million from the buyback wallet.

[JPMorgan: High-Cost Miners Forced to Sell Due to Rising Electricity Prices and Declining Bitcoin Prices] JPMorgan analysts stated that the recent pressure on Bitcoin prices is primarily influenced by the decline in hash rate and mining difficulty, as well as dynamics surrounding Strategy (stock ticker MSTR). The drop in hash rate reflects the dual impact of China's reaffirmation of its mining ban and the exit of high-cost miners due to squeezed profits. Although a decline in hash rate typically boosts miners' revenue, the current Bitcoin price remains below production costs, leading to increased selling pressure in the market. JPMorgan has revised its estimated Bitcoin production cost down to $90,000, lower than last month's $94,000, and noted that for every $0.01/kWh increase in electricity prices, the production cost for high-cost producers rises by $18,000. Some high-cost miners have been forced to sell Bitcoin due to soaring electricity prices and declining prices.

The US government has officially approved the first leveraged Bitcoin and cryptocurrency exchange to begin trading operations. （The Bitcoin Historian）