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SharpLink Gaming has significantly increased its Ethereum (ETH) holdings to an estimated $1.65 billion. Over the past days, SharpLink executed multiple purchases amounting to $54 million in ETH, raising its total Ether balance to approximately 480,031 coins, according to blockchain data analytics from Arkham Intelligence.
In a landmark achievement for both the blockchain and space industries, Justin Sun, founder of the Tron blockchain network, has successfully completed Blue Origin’s NS-34 suborbital mission, marking him as the youngest Chinese astronaut in history.
Former UK Chancellor George Osborne has warned that Britain risks becoming irrelevant in the global crypto economy unless it urgently reforms its regulatory approach.
South Korean banks are rapidly developing their crypto business strategies in anticipation of a new regulatory era. With the upcoming enforcement of the Virtual Asset User Protection Act in July 2024, traditional financial institutions are eager to capture opportunities in digital assets even as they brace for increased compliance demands.
The European Central Bank (ECB) has confirmed that physical cash will continue to play an essential role alongside the growing use of digital payments in Europe. Despite the rapid increase in electronic payment methods, the ECB reassures the public that cash is not becoming obsolete and will remain a critical part of the monetary system.
Share link:In this post: Accumulator wallets continue to buy without selling, reinforcing the bullish sentiment around the Bitcoin market. Declining OTC reserves hint at tightening supply and rising institutional demand. Short-term holders are nearing breakeven, increasing the risk of panic selling.
- 14:13Hong Kong Cyberport: Has signed strategic cooperation agreements with multiple regions to bring high-quality projects in AI, big data, blockchain, and other fields to Hong Kong.BlockBeats news, on September 28, according to Wen Wei Po, Zhu Meien, Chief Corporate Development Officer of Hong Kong Cyberport, stated that more than 30% of the enterprises settled in Hong Kong Cyberport are mainland projects, thanks to the close cooperation between Hong Kong Cyberport and different cities in mainland China. "We have already signed strategic cooperation agreements with Beijing Zhongguancun, Shanghai Lingang, Shenzhen Qianhai, and other places, bringing high-quality projects in high-tech fields such as AI, big data, and blockchain to Hong Kong, forming a complementary industrial cluster within the park."
- 14:12A certain whale has accumulated a total purchase of 3.56 million XPL, with a current unrealized profit of $1.264 million.BlockBeats News, on September 28, according to on-chain analyst Ai Yi (@ai_9684xtpa), address "0x261...09697" has accumulated a purchase of 3.56 million XPL (approximately $5.01 million) since September 25, with a current unrealized profit of $1.264 million.
- 14:12Viewpoint: BTC falling below $106,000 will trigger panic among long-term holders, and the recent correction is not yet "in place"BlockBeats News, on September 28, on-chain data analyst Murphy stated that if the BTC consolidation since August 13 is viewed as a major trend adjustment, it appears the adjustment is not yet "in place." So far, all losses have been contributed by short-term holders (STH), while the proportion of losses among long-term holders (LTH) remains at 0%. From this perspective, the current situation does not yet match the most panic-stricken moment in a downward trend. On-chain data shows that the trigger point for long-term holder panic is not far off. The long-term holders with the highest holding costs are around $106,000, but the amount of chips they hold is limited. When BTC enters the $97,000 to $106,000 range, more and more long-term holders will fall into a loss position, which is likely to be the bottom range of a trend correction. This analysis is for learning and communication purposes only and does not constitute investment advice.