AiCoin 丨 5.24 snapshot: Japanese regulatory revisions, exchange fund inflows, and large investors' bottom fishing

Evaded closed a BTC short with a loss of $320000 and established a long position of 53500 ZECs (worth approximately $34 million), currently with a floating loss of $763000. （Lookonchain）

According to Binance's official announcement, starting from July 1, 2026, Australian users are required to provide sender information when receiving encrypted assets and beneficiary information when withdrawing them.

According to Bits Media, on May 24th, the Russian government required miners and mining infrastructure operators to submit the network address information of ASIC mining machines to the tax department. The Russian Ministry of Finance stated that this move aims to simplify the regulation and investigation of digital asset trading violations, and assist power grid operators in monitoring the infrastructure load in mining intensive areas. The current regulations require miners to regularly update detailed information about mining machines, including manufacturer, model, computing power, etc.

In the past 12 hours, a total of $264 million worth of short positions have been liquidated. （Cointelegraph）

[Michaël van de Poppe: Bitcoin May Drop to the $60,000 Range] According to Cointelegraph, Michaël van de Poppe stated that Bitcoin has fallen below the critical support range of $75,000 to $76,000. If it fails to reclaim above $76,600, the price may drop to $60,000. He mentioned that there are multiple CME Bitcoin futures gaps above, with the highest being over $79,000, and the market often turns bullish after a Friday pullback. Polymarket data shows a 51% probability of Bitcoin reaching $55,000 by 2026 and a 31% probability of dropping to $45,000. On-chain data indicates that 71% of the circulating supply is held by long-term holders, suggesting a limited likelihood of falling below $60,000. Matthew Hyland pointed out that Bitcoin has been rising for approximately 90 consecutive days since its February low, an unprecedented duration of upward movement during a bear market in history. Bitcoin is currently still below the 365-day and 200-day exponential moving averages and also fell below the 50-day moving average on Friday.