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Elon Musk's SpaceX has held 8000 bitcoins for four years, with a total value of approximately $750 million. (The Bitcoin Historian)
[Japanese Listed Company Metaplanet Plans to Issue New Stock Similar to Strategy Company's STRC to Increase Bitcoin Holdings] Japanese listed company Metaplanet will issue a new category of stock similar to Strategy Company's STRC, with plans to further purchase Bitcoin.
[Analysts Expect Fed Meeting on Wednesday to Catalyze Price Surge] Analysts predict that the Federal Reserve's meeting on Wednesday will act as a catalyst for further price surges. The market widely anticipates that the Fed will implement its third rate cut of the year, with a reduction of 0.25%. The CME FedWatch tool indicates an 86% probability of this happening. Analysts from the London Crypto Club stated that the Fed might expand the money supply through an innovative bond-buying program, which would provide a strong structural boost to the cryptocurrency market. The U.S. Commodity Futures Trading Commission has authorized the trading of spot crypto products on federally regulated exchanges, but some analysts remain cautious about Bitcoin's performance before the end of the year.
Data from the past 12 hours shows that the total amount of BTC large market buy orders reached $6.89 million, far exceeding sell orders by $2.48 million, with a net inflow of $4.4 million. The buy to sell ratio was as high as 2.77:1, showing a clear long trend. Especially at 17:02, there was a large purchase of $1.63 million, which directly pushed the price up to the $92000 mark. Despite the presence of a cross star on the 1-hour candlestick and the market's short-term hesitation, the EMA24/52 moving average is bullish, providing strong support. Combined with large transaction indicators, the main funds are quietly laying out, and the upward momentum may continue. Open membership, track key trends, and seize the best entry 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.
[DeFi Structured Positioning Tool Asgard Completes $2.2 Million Seed Round Financing] Asgard Finance has completed a $2.2 million seed round financing, led by Robot Ventures, with participation from Solana Ventures, Colosseum, Primal, Presto, mtnDAO, and Dead King Society. Asgard's flagship product is a new DeFi structured positioning tool called Credit Backed Positions (CBP). Early beta users have already created over $35 million in CBP positions. The project is built on the Solana blockchain, aiming to enable efficient and composable on-chain structured trading.
[CoinShares: Digital asset investment products saw $716 million inflows last week] The CoinShares weekly report shows that digital asset investment products recorded $716 million in inflows last week, bringing the total assets under management to $180 billion. Inflows from the United States, Germany, and Canada were $483 million, $96.9 million, and $80.7 million, respectively. Bitcoin saw $352 million in inflows, XRP recorded $245 million, and Chainlink reached a record $52.8 million in inflows, while short Bitcoin products experienced significant outflows.