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Share link:In this post: Satoshi Nakamoto is now the 11th richest person in the world with a net worth of $129 billion in Bitcoin. Nakamoto could be the richest person in the world if Bitcoin hits a price target of around $366,241 per coin. An analyst predicts that BTC will reach $400,00 during this year using a Bitcoin power model based on gold prices.
Share link:In this post: Trump proposed a 30% tariff rate on the EU and Mexico. Investors have been counting on the president to reduce or back down from the tariffs. Cryptocurrencies fell slightly following Trump’s new tariff announcement.
Share link:In this post: Hong Kong’s Financial Secretary visited Seoul for three days to promote the special administrative region’s financial, trade, and innovation opportunities. Korean financial institutions have shown a strong interest in investing in Hong Kong, with securities trading volume exceeding HK$1.5 trillion in the first five months of the year. The Chinese SAR is working on a digital asset strategy that uses stablecoins and tokenized assets to address global economic challenges.
The US House of Representatives launched “Crypto Week” today, advancing three pivotal cryptocurrency bills through the Rules Committee that could reshape America’s digital asset regulatory landscape
- 20:02Florida Judge Denies Request to Unseal Epstein Grand Jury RecordsAccording to Jinse Finance, on Wednesday, a federal judge in Florida rejected a request from the Department of Justice to unseal grand jury records related to the Epstein investigation. Attorney General Bondi had pushed for the release of grand jury materials in the Epstein case in an effort to quell the anger of Trump's MAGA base, who have been urging the government to disclose Epstein's so-called "client list." Earlier this month, Trump's Department of Justice and the FBI stated that no such client list exists, and Bondi said she would not release any additional materials. Although the request was denied in Florida, the Department of Justice has another opportunity, as they have also asked two federal judges in New York to unseal grand jury transcripts, where prosecutors have brought charges against Epstein and his accomplice Ghislaine Maxwell. Federal courts in New York generally take a less strict approach to grand jury confidentiality. (Politico)
- 19:32Analysis: The Mass Unstaking of 620,000 ETH May Be Linked to a Surge in Borrowing Rates Caused by Large Withdrawals of ETH Deposits on AaveAccording to Foresight News, X user darkpool analyzed that the mass unstaking of 620,000 ETH may be related to a surge in ETH withdrawals from the Aave platform, which caused borrowing rates to spike. The rapid withdrawal of ETH deposits from Aave led to soaring borrowing rates, forcing leveraged users to redeem stETH to deleverage, resulting in the current situation. The Aave ETH borrowing APR once soared to 10%. The Lido stETH exit waiting period has now been extended to 21 days (normally within a week), and there is still a discount of nearly 0.4% when swapping stETH for ETH on-chain.
- 19:32US Dollar Index falls 0.18% on the 23rdAccording to Jinse Finance, the US Dollar Index fell by 0.18% on the 23rd, closing at 97.214 in the foreign exchange market.