1. Analysis: There is a 40% possibility of an economic recession in the second half of the year. Bitcoin may become a "safe haven asset," but it may not be favorable for altcoins. 2. Bloomberg

JIN10
2024.08.09 02:55
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There is a 40% possibility of an economic recession in the second half of the year. Bitcoin may become a safe-haven asset, but it is unfavorable for altcoins. Bitcoin ETF options may be launched in Q4 this year. The total amount of Bitcoin held by miners has dropped to the lowest level in three years. The Federal Reserve has requested crypto-friendly banks to limit the risks of crypto customers. Putin has signed a law legalizing cryptocurrency mining in Russia. The assets of OneCoin's "Crypto Queen" Ruja Ignatova have been frozen by a UK court. The US will establish a Bitcoin tax-free zone to promote digital economic development. JPMorgan believes that Bitcoin's current rebound is mainly due to institutional investors. Hong Kong customs has cracked down on a syndicate using multiple shell companies to launder money through virtual currencies, involving HKD 1.5 billion. Trump's son warns against fake tokens, and the official Trump project has not been announced yet. Bitcoin's 30-day volatility has reached the highest point since March this year

  1. Analysis: There is a 40% possibility of an economic recession in the second half of the year. Bitcoin may become a "safe haven asset," but it is not favorable for altcoins.

  2. Bloomberg analysts: Bitcoin ETF options may be launched in Q4 this year.

  3. The White House and Harris advisors listened to opinions from executives in the cryptocurrency industry but did not make any commitments.

  4. Kaiko report: The total amount of Bitcoin held by miners has dropped to the lowest level in three years.

  5. The Federal Reserve has requested crypto-friendly bank Customers Bank to limit the risk of crypto customers.

  6. Putin has signed a law to legalize cryptocurrency mining in Russia.

  7. OneCoin "crypto queen" Ruja Ignatova's assets have been frozen by a UK court.

  8. The United States will establish a Bitcoin tax-free zone to promote the development of the digital economy.

  9. JP Morgan: The current rebound of Bitcoin is mainly due to institutional investors.

  10. Hong Kong Customs cracked down on a syndicate using multiple shell companies to launder money with virtual currency, involving HKD 1.5 billion.

  11. 10x Research founder: The borrowing capacity of American consumers has reached its limit, which may pose a challenge to the cryptocurrency market.

  12. Trump's son: Beware of fake tokens, the official Trump project has not been announced yet.

  13. Bitcoin's 30-day volatility has reached the highest point since March this year

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