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October 26 BTCUSD BingX Chart Analysis and Today's Headline Bitcoin's price has posted a slight retracement from its early-week high north of $35,000, wiping out more than $147 million in leveraged positions over the past 24 hours.Following in the same vein as Tuesday's market dynamics, shorts were again hit hardest, with almost $80 million positions liquidated compared to just over $68 million in long positions. The 30-day bitcoin volatility index reading ticked up to over 2% on Wednesday.It is looking increasingly likely that an ETF will be approved by early 2024. This could change, the SEC could come up with new reasons as to why these ETFs will be rejected, but at the moment this seems less likely.The support level is at $33,700 and the resistance level is at $34,900. Senator Elizabeth Warren Finds Support in US House For Effort to Tackle Crypto-financed Terrorism U.S. Rep. Sean Casten, D-Ill., said he plans to introduce a bill to strengthen bank secrecy act requirements for cryptocurrency following reports that Hamas raised millions of dollars through crypto ahead of attacks in Israel earlier this month.That legislation will be similar to a bill Sen. Elizabeth Warren, D-Mass., introduced, Casten told the House Financial Services Committee's panel on illicit finance and national security on Wednesday during a hearing. "We will be introducing a bill that Senator Warren has already introduced on the Senate side to do that over here," Casten said. Casten did not specify which bill, but Sen. Warren reintroduced a bill in July that would crack down on the use of crypto for money laundering and sanctions evasion as well as extend Bank Secrecy Act requirements to digital asset wallet providers, miners, among other participants. Former House Financial Services Committee Chair Maxine Waters, D-Calif., also asked witnesses on Wednesday about cryptocurrency's connection to Iran and Hamas. "What we see is Hamas utilising cryptocurrency to fundraise. That does happen," said Adam Zarazinski, CEO of Inca Digital, a data analytics intelligence firm focused on crypto. "While cryptocurrency can be employed in activities that challenge our security and values, it also holds the potential to democratise finance, spur economic growth, and foster financial inclusion globally," he added. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

October 24 BTCUSD BingX Chart Analysis and Today's Headline Bitcoin's price sustained its rally into a second week on Monday, with the digital asset rising 14.5% in the past 24 hours to break through the $34,000 mark for the first time since May, 2022.Gains Monday evening came as BlackRock's highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, made an appearance on a list maintained by the Depository Trust and Clearing Corporation, which Nasdaq says provides post-trade clearance, settlement, custody and information services.While still awaiting approval from the Securities and Exchange Commission, along with other proposed spot bitcoin funds, the DTCC lists the BlackRock fund's ticker as IBTC.Over shorter time periods, bitcoin, as an emerging asset class, is impacted by regulation tailwinds and headwinds, decisions made by large independent allocators and macro factors.The support level is at $34,200 and the resistance level is at $35,600. Today’s Cryptocurrency Headline BlackRock's Spot Bitcoin ETF Appears on DTCC Website With Ticker IBTC BlackRock's highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, has made an appearance on a list maintained by the Depository Trust and Clearing Corporation, which Nasdaq says provides post-trade clearance, settlement, custody and information services.While still awaiting approval from the Securities and Exchange Commission, along with other proposed spot bitcoin funds, the DTCC lists the BlackRock fund's ticker as IBTC."This is first spot ETF listed on DTCC, none of the others on there (yet)," Bloomberg senior ETF analyst Eric Balchunas wrote in a thread on X. "Def notable BlackRock is leading charge on these logistics (seeding, ticker, dtcc) that tend to happen just prior to launch. Hard not to view this as them getting signal that approval is certain/imminent." Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 26 BTCUSD BingX Chart Analysis and Today's Headline A tight consolidation near the support of a range is a bearish sign, as it shows a lack of aggressive buying by the bulls. The downsloping 20-day exponential moving average (EMA) at $27,463 and the relative strength index (RSI) in the oversold territory indicate that bears are in command.If the price plummets below $24,800, it could hit the stops of several traders. That may trigger long liquidations, which could plunge the BTC/USDT pair to the pivotal support at $20,000.The first sign of strength will be a close above the 20-day EMA. That could open the doors for a possible rally to the 50-day simple moving average (SMA) at $29,055. WSJ: The US Department of Treasury Releases Proposed Regulations for Cryptocurrency Taxation According to The Wall Street Journal, the US Department of Treasury has released a proposed regulation that requires cryptocurrency exchanges to provide annual reports and total revenue from cryptocurrency transactions to the Internal Revenue Service (IRS) and taxpayers in the form of a 1099 form. The proposed regulation, which is set to be implemented in 2021, is expected to generate $28 billion in revenue over the next decade. The law was originally intended to take effect in the 2023 tax year, but the Biden administration missed the deadline. As a result, cryptocurrency exchanges like Coinbase and Kraken will be required to submit reports on total revenue from cryptocurrency transactions starting from early 2026. Starting in 2027, reporting of cost basis will be required, but only for assets acquired from 2023 onwards. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 25 BTCUSD BingX Chart Analysis and Today's Headline BTC is currently forming a new bottom around 💲26,000, and it is unclear whether this oscillation will continue as it did near 💲30,000. What we need to focus on now is whether the Federal Reserve will pause its interest rate hikes, which is an important indicator for market liquidity. The current support level for BTC is 💲25,800, and the resistance level is 💲26,600. ARK Invest, 21Shares Join Queue to Offer Ethereum Futures ETF Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission.The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange (CME). Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 29 BTCUSD BingX Chart Analysis and Today's Headline There are no prizes for guessing how Bitcoin ended its latest weekly candle.Despite holding $26,000 into the close, BTC/USD immediately went downhill after that, wicking to $25,880 before consolidating slightly higher, data from TradingView shows.The current market liquidity issue has not been resolved yet, and with September approaching, it is expected that significant market movements will only occur next month. SEC Brings First NFT Enforcement Action in Case Against Podcast Studio The Securities and Exchange Commission charged a Los Angeles-based podcasting studio on Monday over "conducting an unregistered offering of crypto asset securities," marking the agency's first enforcement action involving an NFT project. Impact Theory raised roughly $30 million from hundreds of investors, the SEC said. The company is co-founded by Tom Bilyeu, host of a YouTube show and podcast also called Impact Theory. Bilyeu's YouTube channel has more than 3.7 million subscribers, and previous guests have included actor Matthew McConaughey.The company "encouraged potential investors to view the purchase of a Founders Key as an investment into the business, stating that investors would profit from their purchases if Impact Theory was successful in its efforts," the SEC said. "The order finds that the NFTs offered and sold to investors were investment contracts and therefore securities." Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 11 BTCUSD BingX Chart Analysis and Today's Headline The July CPI data is similar to market expectations, and this has only brought about a fluctuation of around $200 for BTC. The market liquidity is extremely low, causing BTC to fall below the MA30 moving average once again. This may lead to a new round of downward movement. The only thing that can change the market direction at the moment is the approval of BTC ETF, which will significantly increase market liquidity and bring about greater volatility. A16z Crypto Introduces Lasso and Jolt to Enhance Zero-Knowledge Proofs The cryptocurrency-focused division of venture firm Andreessen Horowitz, a16z crypto, has unveiled Lasso and Jolt, a pair of new tools based on Succinct Non-interactive Arguments of Knowledge, or SNARKs.SNARKs are a type of zero-knowledge proof that can potentially facilitate scalable ZK-rollups in the Layer 2 space, which are typically seen as compute-intensive. Lasso and Jolt are said to offer a more effective approach to SNARK design, potentially making it quicker and more comprehensible for developers, the research team at a16z crypto told The Block. The new techniques are explored in two research papers that a16z crypto research partner Justin Thaler and the engineering team have developed. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 10 BTCUSD BingX Chart Analysis and Today's Headline The expected pullback in the midst of an upward trend has materialized as anticipated. BTC is poised for a strong battle around the MA30 moving average line. The US non-seasonally adjusted CPI annual rate in July may potentially bring greater volatility to the subdued market. As for other factors, they currently have minimal impact on BTC. It is advised to focus on the level of 💲29,600 points for now. SEC Will Appeal XRP Ruling in Case Against Ripple, Regulator Says The U.S. Securities and Exchange Commission (SEC) will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing on Wednesday. The SEC said it was seeking "leave to" appeal part of a recent decision while other parts of the SEC's case proceed to trial. The regulator said approval of an interlocutory appeal could prevent the SEC and government from needing two trials. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 9 BTCUSD BingX Chart Analysis and Today's Headline After a long period of minor fluctuations, BTC has chosen to break out to the upside, successfully surpassing the MA30 moving average. Currently, it is important to observe whether it can hold above the MA30, as this would favor a sustained bullish trend. If it can maintain this level, there is a possibility of reaching 💲31,000. However, if a false breakout occurs, it will likely test the lower range of 💲28,900 again. The Federal Reserve Has Launched a New Plan to Regulate Bank Cryptocurrency Activities, Requiring All Regulated Banks to Obtain Approval for Engaging in Digital Asset Activities According to CoinDesk, the Federal Reserve is launching a new plan to regulate bank cryptocurrency activities and further clarifies its requirements that regulated banks must obtain approval before engaging in digital asset activities under its supervision. The Federal Reserve has also issued a more comprehensive explanation, stating that regulated banks participating in stablecoin transactions need to obtain prior approval. Any institution involved in "issuing, holding, or trading US dollar stablecoins" must demonstrate to regulatory authorities that it can conduct this business in a "safe and sound manner" and requires formal approval from the Federal Reserve. Obtaining this license may be challenging as each bank needs to demonstrate its ability to "identify, measure, monitor, and control the risks" associated with its activities, and the Federal Reserve will be looking for any vulnerabilities related to money laundering, customer runs, and hacking, among others. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 8 BTCUSD BingX Chart Analysis and Today's Headline Data shows that long-term holders of BTC are gradually increasing, while the short-term turnover rate continues to decline. Currently, the price is relatively stable within a range, but the overall market is in a state of stagnation. Immediate rebounds after declines are becoming the norm, which is not a good market performance. Frequent false breakouts will likely lead to even greater volatility. PayPal Launches USD Stablecoin PYUSD, Issued by Paxos Trust According to Bloomberg, PayPal (PYPL.O) announced the launch of a USD stablecoin for transfers and payments. PayPal USD (PYUSD) is issued by Paxos Trust Co. and is fully backed by deposits in US dollars, short-term government securities, and similar cash equivalents. It is pegged to the US dollar and will be gradually made available to PayPal customers in the United States. As an ERC-20 token issued on the Ethereum blockchain, the token can also be transferred to compatible third-party wallets outside of the PayPal network. PayPal stated that starting from September, Paxos will release monthly reports detailing the assets supporting PYUSD. Paxos will also provide third-party attestations of the reserve assets for PYUSD by accounting firms. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 7 BTCUSD BingX Chart Analysis and Today's Headline The cryptocurrency trading volume continues to shrink every weekend, and currently, there is no sign of improvement. The low trading volume also makes it difficult for BTC to establish a sustained trend. However, this situation will not last forever. Currently, there is a significant accumulation of chips in the price range around 💲29,000, and it is important to constantly monitor the market after a unilateral breakthrough with high trading volume. Curve's Founder Has Sold over 140 Million CRV Tokens to 30 Institutions According to Lookonchain's monitoring, Curve's founder Michale Egorov has sold a total of 142.6 million CRV tokens to 30 institutions/investors through over-the-counter transactions at a price of $0.4 per token, using the proceeds of $57 million to repay debts. Michale Egorov currently holds $269.8 million in collateral and has a debt of $48.7 million across four platforms. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 4 BTCUSD BingX Chart Analysis and Today's Headline The price fluctuations of BTC are still within a very narrow range. The long-lasting oscillating trend has allowed BTC to accumulate a significant amount of stock at current price levels. Each time there is a high stock level, there is often intense speculation between bulls and bears. It is necessary to pay attention to valid breakthroughs and breakdowns of price ranges before making any moves. Proshares and Bitwise Resubmit Three "Bitcoin and Ethereum" Futures ETF Applications According to a tweet by Bloomberg ETF analyst James Seyffart, Proshares and Bitwise have resubmitted three "Bitcoin and Ethereum" futures ETF applications to the U.S. Securities and Exchange Commission (SEC). These include Proshares' "Bitcoin & Ether Strategy ETF" and "Bitcoin & Ether Equal Weight Strategy ETF," as well as Bitwise's "Bitwise Bitcoin and Ether Equal Weight Strategy ETF." Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 3 BTCUSD BingX Chart Analysis and Today's Headline The stimulating news yesterday caused a brief rally in BTC, but it does not fundamentally change the current market conditions. The entire market is currently experiencing a lack of liquidity, so it is not surprising to see BTC return to around $29,000. It is important to note that there is renewed FUD surrounding Binance in the market, and such negative news can easily lead to a sharp decline in prices. Ayre Group Has Acquired a Majority Stake in Nchain for Approximately $570 Million BSV supporter Calvin Ayre's Ayre Group has signed an agreement with nChain, the developer of the BSV protocol, to acquire a majority stake in the company, as well as assets such as credit facilities and intellectual property licenses, for 500 million Swiss francs (approximately $570 million). nChain is a developer of Bitcoin SV node software and blockchain software like Teranode and LiteClient. Currently, the company holds nearly 800 technical patents and has over 3,000 pending approvals. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 2 BTCUSD BingX Chart Analysis and Today's Headline Following the news of Tether's announcement of acquiring 2,310 Bitcoins in the second quarter and MicroStrategy's plan to raise $750 million through the sale of stocks to purchase Bitcoin, BTC experienced a violent rebound after dropping to $28,500. Whether this rebound can change the downward trend of BTC remains to be seen, as it depends on whether the trading volume of BTC can maintain steady growth. In a market with low liquidity, it is easy to see sudden price fluctuations within a small range. Only when stablecoins in the industry gradually increase and market funds grow, will it stimulate the formation of major trend movements in the market. MicroStrategy Plans to Raise $750 Million Through the Sale of Stocks to Purchase Bitcoin According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday,MicroStrategy plans to raise $750 million through the sale of stocks to purchase Bitcoin. The funds raised will be used for acquiring Bitcoin and operational capital. In its latest financial report released on Tuesday, MicroStrategy disclosed $24.1 million in Bitcoin impairment expenses for the second quarter of this year, surpassing the $18.9 million recorded in the first quarter. As of July 31, 2023, MicroStrategy holds a total of 152,800 Bitcoins. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

August 1 BTCUSD BingX Chart Analysis and Today's Headline BTC has been experiencing extremely low trading volume throughout the day, and currently, its resistance and support levels are quite clear. As time accumulates, any one-sided market movement will become more rapid and direct. The prices to pay close attention to are 29,000 and 30,000, as a breakthrough and consolidation at these levels would be suitable for further trading opportunities. Tether Q2 Financial Report: Excess Reserves Increase by $850 Million, Reaching $3.3 Billion Tether has released its Q2 financial report, which includes an audit opinion completed by independent accounting firm BDO for the second quarter of 2023. The report provides a detailed breakdown of the assets held by the company as of June 30, 2023. The consolidated total assets amount to at least $86.4 billion. The total liabilities amount to $83.2 billion, with $83.1 billion related to issued digital tokens. The consolidated assets exceed the consolidated liabilities. Tether holds 85% of its investments in the form of cash and cash equivalents, with the value of held treasury bills estimated at approximately $72.5 billion. The report also discloses a stock buyback of $115 million and additional investments in energy-related initiatives funded by the profits of the quarter. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 29 BTCUSD BingX Chart Analysis and Today's Headline The strength of Bitcoin still hinges on the approval of a spot ETF, which could influence the flow of significant external funds. Two key levels to watch are the upper resistance at $30,000 and lower support around $28,500. If Bitcoin consolidates above the resistance level with significant volume, the outlook could be favorable. Conversely, a substantial break below the support level could suggest further exploration to the downside. French Privacy Watchdog Has Launched an Investigation into Worldcoin Reuters reported that the French privacy regulatory authority has initiated an investigation into Worldcoin, as concerns have arisen about the legality of the biometric data collection and storage practices. The French privacy regulator, CNIL, stated that the investigation revealed the authority of the German state of Bavaria. It was further mentioned that the Bavarian authorities have been conducting the investigation with the support of CNIL. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 28 BTCUSD BingX Chart Analysis and Today's Headline BTC experienced a recent decline from around $30,500 to the $28,900 level, followed by a period of temporary consolidation. The current resistance for Bitcoin stands at $30,100, while the support level is around $28,500. Overall, BTC seems to be displaying a weaker sentiment, with limited strength in its rebounds. U.S. House Agriculture Committee Passes Cryptocurrency Regulation Bill According to a report from CoinDesk, the U.S. House Agriculture Committee has approved the "21st Century Financial Innovation and Technology Act." This legislation aims to establish a federal regulatory framework for cryptocurrencies in the United States. After several hours of debate and voting on amendments, the committee passed the bill through a voice vote and referred it to the full House of Representatives for consideration. Lawmakers discussed various amendments related to customer information disclosure and asset management protection within the bill. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 27 BTCUSD BingX Chart Analysis and Today's Headline BTC experienced a slight short-term rebound, but the momentum was limited as it failed to surpass the $29,850 resistance. The focus remains on the $28,500 support level. Despite the impact of interest rates, BTC did not undergo a significant pullback, with the short-term structure finding support at lower levels, and previous bearish trends did not break through. Powell: Future Interest Rate Hikes Will Depend on Data, And May Raise Interest Rates in September if Necessary Federal Reserve Chairman Jerome Powell, during a press conference, reaffirmed their commitment to achieving the dual mandate, aiming to bring inflation back to 2%. The full impact of the interest rate hikes has not yet manifested, and economic activity is moderately expanding. The labor market remains tight, with robust employment growth. Inflation has eased to some extent, but there is still a long way to go to reach the 2% target. Core inflation remains relatively high, warranting continued vigilance against inflation. Interest rates will be kept at elevated levels for "some time." Future rate hikes by the FOMC will be data-dependent, and no decisions have been made regarding upcoming meetings. If the data indicates a need, the Fed might consider raising rates in September. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 26 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Yesterday, BTC traded sideways around $29,000 for the entire day. Looking at the daily technical indicators, the KDJ formed a death cross, with all three lines turning downwards. The MACD indicator showed continued bearish movement with increased volume in the decline. BTC's rebound strength suggests the presence of significant resistance from the 7-day moving average (MA7). Additionally, the Bollinger Bands (BOLL) indicator operated within the mid-lower range without any significant opening downward. Flashbots Raises $60 Million at $1 Billion Valuation According to The Block, Ethereum infrastructure service provider Flashbots has successfully raised around $60 million in funding, valuing the company at $1 billion. The raised funds will be directed towards the development of their Suave platform, which aims to enable users to conduct transactions on the blockchain in a "cheaper and more private" manner. Flashbots confirmed that they have secured full subscription for their Series B funding round, with participation from leading venture capital firms, Layer-2 networks, angel investors, decentralized exchanges, applications, and MEV supply chain participants. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 25 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Currently, BTC appears to be in a divergence state, with its potential rebound being observed to see if it can reach the $30,000 resistance level. The overall market has shown a downward trend, with short-term expectations focused on whether BTC can sustain support near $28,000. Should it move lower, the second support level is around the $25,000 mark. ETF Issuer Global X Applies to US SEC for Bitcoin Trend Strategy ETF Global X, a New York-based exchange-traded fund (ETF) issuer, has reportedly filed an application with the US Securities and Exchange Commission (SEC) for a Bitcoin Trend Strategy ETF. As a variant of Bitcoin Futures ETF, it will track the CoinDesk Bitcoin Trend Indicator Index, which "systematically and dynamically" allocates between Bitcoin futures contracts and the Global X 1-3 month Treasury ETF (CLIP). The Bitcoin Trend Indicator (BTI), created by CoinDesk in April, aims to measure the direction and strength of Bitcoin's price. The related indices have not yet been disclosed. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 24 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Currently, BTC is maintaining a range between $29,500 and $30,500, showing low volatility oscillation patterns. The price movement often follows a bearish trend, with minor dips followed by significant bullish candles. Short-term trends are facing resistance around the midline, and the MACD indicator continues to show signs of downward continuation, suggesting the need for further adjustments in the indicators. The market remains in a state of uncertainty with no clear direction. Bitcoin Inscription Wallet UniSat Wallet Is Funding at a $50M Valuation Bitcoin inscription wallet, UniSat Wallet, is reportedly in the process of raising funds at a valuation of $50 million. Some investors have been confirmed, and negotiations with Binance Labs are ongoing but not yet finalised. This comes after UniSat Wallet announced the launch of its native swap platform, brc20-swap, under the Ordinals brand, which allows any user to deploy new trading pairs and add liquidity to the swap. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 21 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart BTC's current trend shows no significant change from yesterday, maintaining a low trading volume. While there is initial support at $29,000, there remains a possibility of further testing the support around $28,500. The price movement is delicate, requiring close monitoring. OpenSea Launches Peer-To-Peer NFT Trading Function “Deals” OpenSea, the NFT marketplace, has announced the launch of its peer-to-peer NFT trading feature called "Deals." This new functionality allows traders to directly interact with other collectors. With Deals, collectors can engage in NFT trades, including WETH, supported by OpenSea's native NFT protocol, Seaport. Users can input the counterparty's username, ENS name, or wallet address on the Deals webpage. They can then select up to 30 NFTs and the desired amount of WETH to be included in the trade. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 20 BTCUSD BingX Chart Analysis and Today's Headline BTC has been fluctuating around the $30,000 level recently, indicating strong support below. Presently, BTC remains below the midline area, with substantial support seen near $29,500. The current market exhibits a consolidation pattern with lower levels of volatility. We should monitor the first support level at $29,500 and the resistance around $30,500 for intraday developments. Tesla Hasn’t Bought or Sold Any Bitcoin for Four Consecutive Quarters According to CoinDesk's report, Tesla's Q2 2023 financial results revealed that the company did not engage in any Bitcoin buying or selling activities, marking the fourth consecutive quarter with no transactions. The net value of the company's digital assets remained at $184 million, unchanged from the previous three quarters. At the end of Q2, Bitcoin's price was approximately $30,400, higher than the Q1 closing price of about $28,500. However, current accounting standards do not allow an increase in the valuation of digital assets based on price appreciation unless they are sold, while assets can be impaired even if not sold during price declines. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 14 BTCUSD BingX Chart Analysis and Today's Headline BTC reached a new high of $31,800, raising questions about whether it was a genuine breakthrough or a false breakout. Looking at the market, the Bollinger Bands tightened around the midline for about a week before expanding upwards, indicating potential upward momentum. The MACD histogram decreased in length below the zero line, while the KDJ indicator showed a bullish crossover with decreasing volume. If BTC can maintain stability above $31,500, there is a possibility of challenging this year's higher highs. The US SEC Responds to the Ripple Case: The Court’s Decision Will Still Be Reviewed The US Securities and Exchange Commission (SEC) has issued a statement regarding a court ruling concerning XRP, expressing satisfaction with some aspects of the decision but also stating that they will review the court's ruling. The SEC stated that they are pleased with the court's finding that certain forms of XRP tokens offered and sold by Ripple violated securities laws. The court agreed with the SEC's view that the Howey test can be applied to analyze whether cryptocurrency transactions qualify as securities. The court rejected Ripple's argument regarding what constitutes an investment contract and emphasized that various tangible and intangible assets have been ruled as subjects of investment contracts in prior cases. Furthermore, the court dismissed Ripple's fair notice argument, stating that the Howey test is clear and claiming ignorance does not serve as a defense against securities law violations. The SEC stated that they will continue to review the decision. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.

July 13 BTCUSD BingX Chart Analysis and Today's Headline Based on the current CPI data, the overall market appears to be in a period of consolidation. BTC's daily chart has been oscillating at high levels for 21 days, with the past week witnessing fluctuations around the MA20. The BOLL is narrowing, indicating an impending direction. On the 4-hour timeframe, BTC has formed a box pattern while being confined within a triangle formation, awaiting a breakout. Resistance near $31,000 is a key level to watch for BTC's upward movement. Google Play Updates Policy on Tokenized Digital Assets Google Play made a significant policy shift today, as reported by CoinDesk, allowing developers to integrate digital assets such as NFTs into their applications and games. Companies that enable the purchase, sale, or earning of tokenized assets are required to disclose blockchain-based elements in their applications through the Play Console. Reddit is one of the partners collaborating with Google to develop the new policy. Matt Williamson, Senior Engineering Manager at Reddit, stated that the new guidelines aim to create a fair competitive environment, foster user trust, and promote responsible use of blockchain technology. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.