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Share link:In this post: Abacus Market vanished in July in a suspected exit scam after Archetyp’s shutdown. Bitcoin deposits plunged as users lost trust amid withdrawal failures and DDoS claims. Its market dominance possibly drew unwanted scrutiny or prompted operators to flee with funds.
Share link:In this post: Japan’s 30Y bond yield hit 3.20%, with bond values crashing 45% since 2019. The Bank of Japan reported $198 billion in unrealized bond losses for FY 2024. Japan’s debt-to-GDP ratio surpassed 260%, more than double that of the U.S.
Share link:In this post: BTC fell nearly 5% to around $116K after hitting a record high above $123K. A Bitcoin whale dormant for 14 years transferred 16,843 BTC ($2B) to Galaxy Digital. Despite the drop, spot Bitcoin ETFs saw $297M in inflows Monday, led by BlackRock’s IBIT ($394M).
ETH is on the rise, and these Ethereum strategic reserve tokens can capture more sentiment premium.
- 06:17USD/JPY drops sharply, falls to 147ChainCatcher news, according to Golden Ten Data, USD/JPY fell 15 points in the short term, dropping to 147, with an intraday decline of 0.29%.
- 05:17Analysis: Within the current price range, BitMine still needs to invest approximately $19 billion more to reach the "5% Ethereum supply" target.ChainCatcher reported that BitMine currently holds over 1.7 million ETH. To reach its reserve target of 5% of the Ethereum supply, it would need to purchase an additional 4.3 million ETH. At the current price ($4,534), this transaction would cost approximately $19.5 billions. If the ETH price approaches $4,200, the cost would drop to about $18.2 billions. The estimated daily trading volume of ETH is between $30 billions and $50 billions. Analysis points out that, compared to Michael Saylor, who often made large purchases of $500 million to $1 billion and could instantly push the bitcoin price up by more than 2% each time, Tom Lee is obviously more sophisticated. However, this also means that after ETH's low at 4060, there is a high probability that there will be an "invisible floor" in the $4,200 to $4,400 range.
- 05:07A certain whale increased their long positions in Ethereum, with holdings valued at nearly $400 million and a liquidation price of $4,342.8.According to ChainCatcher, monitored by Lookonchain, whale 0xa523 continues to increase its 15x long position in ETH. The current total position has reached 86,845 ETH ($397.7 million), with a liquidation price of $4,342.8.