Ethereum News Daily Official TheBitTimes.com

Author: SoSoValue Research Translation: WuBlockchain This article was written on July 4, and some information and data are delayed. Today, after Bitcoin's price quickly broke through the crucial support level of $56,000, it has become difficult to make investment judgments from a traditional technical perspective. Where is the bottom of this downturn? This has become the most pressing question for all investors. Whenever the market faces such large-scale panic moments, we return to first principles and analyze the fundamental mechanisms of price formation by examining the supply and demand dynamics of Bitcoin. Through studying the state and motivations of buyers and sellers, we hope to help investors find the best buying point in a market filled with diverse opinions and emotions. ● Selling Pressure: The German government's sell-off, Mt. Gox exchange repayments, potential early-year profit-taking, and miner follow-up selling are mainly occurring on crypto exchanges and can be ...

By Tom Analysis, SoSoValue Researcher The Hong Kong Securities and Futures Commission officially announced the list of approved virtual asset spot ETFs, including the Bitcoin spot ETF and Ethereum spot ETF under ChinaAMC (Hong Kong), Harvest International and Bosera Asset Management. These six spot ETF products opened for subscription from April 25th to 26th and were listed on the Hong Kong Stock Exchange on April 30th. Through the subscription, the six Hong Kong spot ETFs obtained a decent initial scale. According to SoSoValue data, the total net value of the three Bitcoin ETFs is $248 million, and the total net value of the three Ethereum ETFs is $45 million, with a total net value of nearly $300 million; while the first-day total net value of the US Bitcoin spot ETF products, excluding Grayscale (GBTC), was only $130 million. However, in terms of first-day trading volume, Hong Kong’s cryptocurrency ETFs are far smaller than their counterparts in the United States. According to SoSoV...

1. U.S. April CPI YoY at 3.4% link The United States released its April non-seasonally adjusted CPI with a year-on-year rate of 3.4%, in line with expectations and unchanged from the previous value of 3.5%. The April non-seasonally adjusted core CPI had a year-on-year rate of 3.6%, also meeting expectations and slightly lower than the previous value of 3.8%. The core CPI for April retreated as expected to 0.3% on a monthly basis, marking a new low since December last year. Following the slightly lower-than-expected CPI data, traders remained steadfast in their bets on the Federal Reserve cutting interest rates in September and December. 2. Powell: Further rate hikes unlikely link Federal Reserve Chairman Jerome Powell stated that the U.S. economy is performing exceptionally well with a very robust labor market. He noted that inflation showed no further progress in the first quarter and projected GDP growth to continue at a rate of 2% or higher. Powell expressed uncertainty about the pe...

Author: 胡飞瞳 Source: https://mp.weixin.qq.com/s/jCtgFy5e5o3TxmHTOk_rLQ On the evening of May 3rd, Beijing time, due to an inadvertent operation, a whale mistakenly transferred 1155 BTC to a phishing wallet address, valued at approximately $71 million at the time of the incident. Such a large sum of money virtually evaporated in an instant, serving as a significant lesson to the industry. Chronology of Events Let’s first examine the sequence of events (May 3rd, all times in Beijing time): ● 17:14:47 — Wallet address 0x1E227979f0b5BC691a70DEAed2e0F39a6F538FD5 (whale) transferred 0.5 ETH to address 0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91 and created the address. ● 17:17:59 — Wallet address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91 (hacker) transferred 0 ETH to wallet address 0x1E227979f0b5BC691a70DEAed2e0F39a6F538FD5. ● 18:31:35 — Wallet address 0x1E227979f0b5BC691a70DEAed2e0F39a6F538FD5 (whale) transferred 1155.28802767 WBTC to address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91 by cal...

1. May 6th: Hong Kong Bitcoin Spot ETF Experiences Net Redemptions for the First Time link On May 6th, the Hong Kong Bitcoin Spot ETF experienced its first net redemption, just one week after its debut. As of May 9th, the Hong Kong Bitcoin Spot ETF holds a total of 4,260 bitcoins, with net assets totaling $261 million. The Hong Kong Ethereum Spot ETF holds a total of 15,630 ethers, with net assets of approximately $46.71 million. The Hong Kong Ethereum Spot ETF has seen net redemptions for three consecutive days. Additionally, the crypto market maker Wintermute has announced that it will provide liquidity for the Hong Kong-listed Bitcoin and Ethereum spot ETFs. Regarding the discussion about the 20% capital deduction for purchasing the ChinaAMC Bitcoin Spot ETF, Zhu Haokang of ChinaAMC Fund explained in an interview that for physical purchases, an additional 20% of the coin quantity is required to manage the volatility of the underlying digital assets over a 5-day period. If the fund d...