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1

Bitcoin is about to become a global safe haven for funds? Big shots from all walks of life are unanimously optimistic about Bitcoin!

On Wednesday (July 17), billionaire and well-known investor Mark Cuban said,"As geopolitical uncertainty intensifies and the size of the US dollar as a reserve currency declines, BTC will become a global safe haven, which means BTC may be something that countries and all of us want to buy as a means of protecting our savings."”

Similarly, BlackRock CEO Larry Fink admitted in an interview with CNBC that his previous view of Bitcoin was wrong and regarded it as digital gold. He said,"BTC is a legal financial instrument that allows you to get unrelated types of returns. However, I believe that when you are more afraid, it is your investment tool. It's a tool when you think some countries are holding down their currencies through excess deficits, and some countries are."

BlackRock co-founder Larry Fink's interview with CNBC resonated with Michael Dell, CEO of Dell Group. He not only forwarded the content, but also posted a post saying that "Bitcoin is fascinating."

2

German law enforcement agencies sold nearly 50,000 bitcoins, with a net gain of approximately US$2.88 billion

According to Decrypt, German law enforcement agencies achieved a net gain of approximately US$2.88 billion (2.639 billion euros) through an "emergency sale" of nearly 50,000 bitcoins. The bitcoins were first seized in January during investigations into German and Polish nationals suspected of operating pirated websites and money laundering, and were worth about $2.1 billion at the time. Currently, the relevant trial is still in progress and the proceeds will be kept by the Free State of Saxony until the final conclusion of the criminal proceedings.

The sale, which took place between June 19 and July 12, was carried out by a partnership between the Saxon Police Department, the Dresden prosecutor's office and the German trading company Bankhaus Scheich. As required by law, law enforcement agencies must conduct emergency sales when they determine that Bitcoin may depreciate significantly (more than 10%). On-chain data from blockchain analysis firm Arkham Intelligence shows that these bitcoins are sold through centralized exchanges such as Kraken and Coinbase, as well as over-the-counter trading companies such as Flow Traders and Cumberland DRW.

3

Bitcoin lending agreement Liquidium completes $2.75 million in seed financing round

Bitcoin lending agreement Liquidium announced that it has successfully completed a US$2.75 million seed round of financing. Major investors include Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE Fund, NGC Ventures, CMS Holdings, Newman Capital, VidenVC, DeGods and multiple individual investors.

Liquidium recently launched its innovative Runes lending service, and CEO Robin Obermaier said this round of financing will help Liquidium realize its vision of becoming a DeFi lending center on Bitcoin, providing a liquidity pool experience similar to Aav-but based on native Bitcoin. Liquidium is currently the leading Bitcoin DeFi platform, where users can use Bitcoin NFT (Ordinals) and Runes as collateral to make Bitcoin loans. CTO Peter Giammanco said Liquidium is prioritizing the introduction of BRC-20 assets and expanding to wallets such as OKX and Phantom, aiming to maximize its accessibility in the Bitcoin ecosystem.

4

Crypto exchange trading volume fell 21.8% in June, marking the third consecutive month of decline

According to Cointelegraph, the CCData report showed that trading volume on centralized cryptocurrency exchanges fell 21.8% in June, the third consecutive month since March that spot and derivatives trading volume has shown a downward trend. The total amount of spot and derivatives trading on all centralized exchanges in June was US$4.2 trillion, down 53% from the record of US$9 trillion set at the end of March. The report pointed out that open interests on crypto derivatives exchanges fell sharply by 9.7% due to a series of liquidations triggered by the sharp decline in the prices of bitcoin and other crypto assets in June.

Total futures trading volume at the Chicago Mercantile Exchange (CME), the world's largest institutional derivatives exchange, also fell "significantly", falling 11.5% to US$103 billion in June. The main reason for this decline was the sharp decline in the volume of Bitcoin and Ethereum futures contracts, which fell by 11.5% and 15.8% respectively.

5

The Sei Foundation launches a $50 million Japan Ecosystem Fund focusing on Web3 gaming, social and entertainment use cases

According to its official blog, the Sei Foundation has announced the launch of the $50 million Japan Ecosystem Fund, which will initially focus on Web3 games, social and entertainment use cases. The Sei Foundation officially announced the fund at the inaugural "Sei Web3 Day for Japan" event held in Tokyo on April 27 this year. The ecosystem fund aims to attract local talent, discover promising Japanese start-ups, and introduce them to Sei. The Sei Foundation encourages interested parties to apply for funding from the fund as soon as possible.

6

European regulators hold consultations on guidelines for the regulated market for crypto assets (MiCAR)

According to Crowdfund Insider, the three major European regulators (EBA, EIOPA and ESMA) have issued a consultation document on the Crypto Asset Markets Regulation (MiCAR) guidance, aiming to establish standardized testing and legal opinion templates for the classification of crypto assets to promote a unified classification approach.

main contents include:

• Asset Reference Tokens (ARTs):White papers issuing ARTs must be accompanied by legal opinions explaining their classification, in particular stating that they are not electronic currency tokens (EMTs) or cryptoassets that are not outside the scope of MiCAR.

• Crypto assets that are not ARTs or EMTs:White papers for such crypto assets must be accompanied by a classification explanation stating that they are not crypto assets that are not EMT, ART, or not outside the scope of MiCAR.

The deadline for submitting comments on the consultation document is October 12, 2024. European regulators will hold a virtual public hearing on September 23, 2024, inviting stakeholders to register before September 19. All comments received will be posted after the consultation is concluded, unless confidentiality is specifically requested.

* The pictures in this article are all from the Internet. If there is any infringement, please contact the backstage to delete them.

recommended reading

18

07-2024

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17

07-2024 ‍

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The Australian dollar soared, the stock market surged, and the Trump 2.0 shuffle began!

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16

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Extreme anger! Shame on you! Should Australia not grant visa-free visas to Chinese people?

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