Robert Kennedy Jr.'s four Bitcoin policies, including that BTC-USD transactions do not need to be reported or taxed to the IRS
US presidential candidate Robert Kennedy praised the role that Bitcoin could play in improving the US economy at the Bitcoin 2024 conference. He proposed a comprehensive reform of US monetary policy and added that BTC could restore the US economy to its pre-Nixon era. He promised to issue four executive orders related to Bitcoin if elected:
10x Research CEO: Traders won’t short Bitcoin this weekend as speculation grows that Trump’s speech will push prices higher
Markus Thielen, CEO of 10x Research, wrote in a recent analysis report: "No one wants to short Bitcoin on weekends." He explained that Trump is expected to announce a plan for Bitcoin strategic reserves at the Bitcoin conference on July 27 (if he is elected president in November). Thielen believes that futures traders are not shorting Bitcoin because they are concerned that its price may soar due to this news.
US Congresswoman Cynthia Lummis did not announce Bitcoin strategic reserve legislation at Bitcoin 2024 conference
US Senators Cynthia Lummis and Tim Scott gave a highly anticipated speech at the 2024 Bitcoin Conference held in Nashville. However, the speech did not mention the rumored legislation to establish Bitcoin as a strategic reserve asset for the United States. Earlier reports suggested that US Senator Cynthia Lummis may announce BTC strategic reserve legislation at the Bitcoin conference.
US listed company OneMedNet buys $1.8 million worth of Bitcoin
OneMedNet, a US-listed company, has purchased $1.8 million worth of Bitcoin.
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
US Senator highlights Bitcoin as currency immune to large-scale cyberattacks
US Senator Cynthia Lummis emphasized that Bitcoin, as a form of currency, has resilience against large-scale network interruptions. Her comments were made after a major system failure at Crowdstrike, which affected multiple industries and was referred to by some as the "largest IT interruption in history."
In the past 24 hours, the total amount of liquidation in the entire network was 60.86 million US dollars, and the amount of liquidation in BTC was 12.87 million US dollars
According to <a href="https://www.coinglass.com/zh/LiquidationData" rel="nofollow" target="_blank">coinglass</a> data, the total amount of liquidation in the past 24 hours was 60.86 million US dollars, with long liquidation amounting to 23.16 million US dollars and short liquidation amounting to 37.70 million US dollars. Among them, the amount of BTC liquidation was 12.87 million US dollars, the amount of ETH liquidation was 6.16 million US dollars, and the amount of SOL liquidation was 7.99 million US dollars.
A smart investor bought another $213.78 worth of BTC 9 hours ago
According to Lookonchain monitoring, a smart investor bought 213.78 US dollars worth of BTC (14.48 million US dollars) again 9 hours ago. In the past 4 days, he has purchased 677 US dollars worth of BTC (45.6 million US dollars).
More than 12,000 BTC flowed out of Binance in the past 7 days
According to the latest data from Coinglass, 12,102.56 Bitcoins were withdrawn from Binance exchange wallets in the past week. As of now, the Bitcoin wallet balance on Binance is 606,502.04 BTC.In the past 7 days, 496.66 Bitcoins flowed into Coinbase Pro wallet, with a current wallet balance of 857,301.79 BTC.
Fractal Bitcoin: Fractal testnet is expected to be fully open in August
The Fractal Bitcoin expansion plan recently posted on the X platform, stating that the Fractal test network has not yet been opened to the public. It is expected to fully launch the test network in August, and the test network tokens have no actual value or incentive measures. It is reported that before the launch of the Fractal main network, the test network will undergo several resets, and the latest reset will take place on July 20th at 8 pm.
In the past month, about 64,000 BTC were deposited in exchanges, equivalent to about $4.1 billion
According to Glassnode data, about 64,000 BTC (approximately $4.1 billion) were deposited into exchanges in the past month.
BlockTower Capital CIO: The idea that the US government holds a strategic reserve of Bitcoin is positive for its price
Ari Paul, Chief Information Officer of BlockTower Capital, said that the idea of the US government holding Bitcoin as a strategic reserve could be beneficial for its price, but it is not realistic in the short term. I am against the idea of the US using Bitcoin as a strategic reserve in the next four years at a 10:1 odds. However, Paul further explained that Trump may say this, which would be very beneficial for Bitcoin's medium-term trend. Although the next president may say they do not plan to sell any Bitcoin currently held by the government, this does not mean they actually "establish a Bitcoin strategic reserve".
Cointime July 14th News Express
1. Biden-related Meme Coin BODEN has dropped 6.5% in the past 24 hours
Analysis: If BTC rebounds to $72,300, it will trigger $5.6 billion in short liquidations
According to on-chain analyst Ali's data published on X platform, if Bitcoin triggers a U-shaped rebound and rises to $72,300, there will be as much as $5.6 billion of liquidity on the market facing short liquidation.
The transaction fee on the Bitcoin network is 6 satoshis per byte
According to data, the current Bitcoin network transaction fee is 6 satoshis/byte, with medium priority temporarily reporting 6 satoshis/byte and high priority also temporarily reporting 6 satoshis/byte.
The total open interest of BTC options is $16.46 billion, and the open interest of ETH options is $5.69 billion.
According to Coinglass data, the nominal value of open BTC options positions on the entire network is $16.46 billion, and the nominal value of open ETH options positions is $5.69 billion.
UN report: Bitcoin mining has increased global energy consumption 34 times in 8 years
The United Nations Conference on Trade and Development (UNCTAD) recently released its latest "2024 Digital Economy Report" (hereinafter referred to as the "Report"). The report stated that although digitization has driven global economic growth and provided unique opportunities for developing countries, the impact on the environment is also becoming increasingly serious. The report shows that new technologies such as blockchain, artificial intelligence, 5G, and the Internet of Things are constantly increasing the demand for data transmission, processing, and storage, which also increases greenhouse gas emissions. The global energy consumption generated by Bitcoin "mining" has increased by about 34 times from 2015 to 2023.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
BTC breaks through $58,000
The market shows that BTC has broken through $58,000, now reporting at $58,028.34, with a daily increase of 1.79%. The market is volatile, so please be prepared for risk control.
Fidelity FBTC had a net inflow of $115.1 million yesterday
According to Farside Investors data, yesterday Fidelity FBTC had a net inflow of $115.1 million.
