1. A professor at Cornell University warns that misleading promises and speculation are exacerbating the risks of cryptocurrencies. 2. Long-term holders of Bitcoin in the recent market downturn

JIN10
2024.08.12 02:53
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Cornell University professor warns of increasing risks in cryptocurrencies, a long-term holder purchases 184,500 BTC, and centralized exchanges see their Bitcoin reserves drop to the lowest level. WBTC's proportion for lending exceeds 41%, with MakerDAO being the largest use case. Hong Kong's cryptocurrency ETF faces systemic market barriers. Hong Kong plans to strengthen regulation of digital assets. Mini Trump may launch a tokenized real estate project. Exchange Bitcoin reserves hit a new low, with withdrawal amounts reaching $5.96 billion. Bitcoin mining difficulty is set to decrease. Nigerian cryptocurrency advocates sue to overturn the cryptocurrency ban. Companies like Robinhood and Coinbase oppose CFTC regulation of political prediction markets

  1. Cornell University professor warns that misleading promises and speculation are exacerbating the risks of cryptocurrencies.

  2. Long-term holders of Bitcoin bought over 184,500 BTC during the recent market pullback.

  3. The Bitcoin reserves of centralized exchanges have dropped to the lowest level since November 19, 2018.

  4. Currently, over 41% of WBTC is used for lending, with the largest use case (acceptance merchant) being MakerDAO.

  5. OSL executives state that the Hong Kong cryptocurrency ETF faces systemic market obstacles.

  6. Hong Kong Legislative Council member Dennis Kwok: The government plans to strengthen digital asset regulation in the next 12-18 months.

  7. Fox Business reporter Eleanor Terrett: Mini Trump is likely to launch a tokenized real estate project.

  8. Exchange Bitcoin reserves hit a five-year low, with $5.96 billion withdrawn in the past 30 days.

  9. Bitcoin mining difficulty is expected to decrease on August 14.

  10. 10x Research: Bitcoin may undergo a significant transformation in the $60,000 to $70,000 trading range.

  11. Nigerian cryptocurrency advocates file a lawsuit to overturn the cryptocurrency ban.

  12. Companies like Robinhood and Coinbase oppose CFTC regulation of political prediction markets

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