1. Tesla transferred its remaining value of about $770 million in Bitcoin reserves to multiple new addresses. 2. Bitcoin Cash margin futures remain open

JIN10
2024.10.16 02:46
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Tesla transferred its approximately $770 million worth of Bitcoin reserves to a new address. The open interest of Bitcoin Cash margin futures reached a historical high of $25.5 billion. Standard Chartered Bank predicts that Bitcoin may return to its historical high before the US election. Arthur Hayes has significantly reduced his holdings in meme coins, while the Praxis project raised $525 million for building a crypto-friendly city. Bitnomial completed a $25 million financing round and launched a futures trading platform. The WLFI token, supported by the Trump family, quickly sold over 220 million tokens. The Hong Kong police cracked a fraud case using cryptocurrency investment as a cover, involving an amount of $360 million Hong Kong dollars

  1. Tesla transferred its remaining $770 million worth of Bitcoin reserves to multiple new addresses.

  2. The open interest of Bitcoin Cash margin futures reached a historical high of $25.5 billion.

  3. Standard Chartered Bank stated that Bitcoin may return to historical highs before the US election.

  4. Arthur Hayes: He has significantly reduced his holdings of meme coins, with the only meme coin he currently holds being SCF.

  5. The "Network Nation" project Praxis raised $525 million for building a crypto-friendly city.

  6. Cryptocurrency derivatives exchange Bitnomial completed a $25 million financing round led by Ripple Labs and launched a futures trading platform in the US.

  7. The WLFI token sale supported by the Trump family may have gone live, selling over 220 million WLFI tokens within 20 minutes.

  8. Ripple announced its exchange and market maker partners for the RLUSD stablecoin and is awaiting regulatory approval.

  9. Bernstein analysts: The reason for Bitcoin's strength is the increased likelihood of Trump's re-election, with MicroStrategy being a leading indicator.

  10. Hong Kong police cracked down on a fraud syndicate using "cryptocurrency investment" as a front, involving an amount of HKD 360 million.

  11. Coinbase has requested the court to rule on the SEC providing regulatory documents on cryptocurrency securities

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