Token Burn

Approval of two giant companies: Green light for spot Bitcoin ETF! The U.S. SEC's approval of spot Bitcoin ETFs has been an important threshold. After that, other countries started to follow this path. The Hong Kong Securities and Futures Commission has approved Harvest International Asset Management Company and China Asset Management (Hong Kong) Co. Ltd. for coin circle asset management competencies. The move paves the way for the launch of spot Bitcoin ETF products, which are expected around the end of April. The updated list of virtual asset management fund companies on the official website of the Hong Kong Securities and Futures Commission reveals the inclusion of Harvest International and China Asset Management, marking their entry into the virtual asset industry in Hong Kong. These well-known public fund companies now have the necessary qualifications to promote "Coin Circles"-related money fund products to the public, including spot Bitcoin ETFs. #ContentStar# #HotTopicDiscussion# #BountyCreator# #GateioBountyCreator#

Against the backdrop of Fluctuation in the Crypto Assets market, the fate of WEMIX has attracted widespread attention within the industry. The latest data shows that while the Web3 gaming sector has attracted a lot of capital, its high average annual failure rate of 80.8% highlights the instability and risks in the sector. In addition, WEMIX announced in March 2024 that it would reduce its max supply by 60% in an attempt to improve its market position by restructuring tokenomics. However, WEMIX's market challenges are not unprecedented. In November 2022, WEMIX was exchange delisting by long Korea due to being marked as a warning item by the Korea digital asset exchange Association, and the price big dump to 0.42 USDT at one point. The incident severely affected its market capitalization and investor confidence. Despite facing significant market fluctuations, WEMIX continues to aggressively expand in the Blockchain gaming space. In 2023, by with Mirana

Mainland my country's criminal law does not explicitly deny that virtual currency constitutes "property". The recent judgment in Hong Kong can also serve as a positive reference for the protection of virtual currency criminal law in mainland my country.

In the past week, Hyperliquid (HYPE) has recorded an impressive performance on the price chart. After holding support at the $33 level, this altcoin has risen to the sky and established a new all-time high (ATH) at $43.9 just three days ago. With the continuous rise over the past two months, Hyperliquid is increasingly

#BTC# Let’s examine the BTC/USDT chart. General Impression: The chart shows that BTC/USDT is currently trading at 105,542.7 USDT, showing a slight increase of 0.98% over the period shown. The price has fluctuated significantly, reaching highs around 111,980.0 and lows around 95,795.3. Key Data Points and Indicators: * Current Price: 105,542.7 USDT * 24-Hour Change: +0.98% * 24-Hour High: 106,123.2 * 24-Hour Low: 104,310.0 * 24-Hour Volume (BTC): 3.14M * 24-Hour Volume (USDT): 329.97M Moving Averages (MA): * MA5: 106,272.0 (Red line) - This is a short-term bearish signal if the price is above the current price, below the current price. * MA10: 106,748.6 (Yellow line) - Above the current price. * MA30: 106,810.2 (Purple line) - Above the current price. The fact that all three moving averages (MA5, MA10, MA30) are above the current price of 105,542.7 suggests that the short-term and medium-term trend may be bearish or consolidating downwards. The price has recently broken below these moving averages. Candlesticks and Price Action: * Recent Trend: Looking at the candlesticks since May 31, BTC is in a general downtrend and has broken below previous support levels. * Current Candlestick: The most recent candlestick is red (bearish), indicating selling pressure. It is trading below the MA lines. * "S" and "B" Signals: The chart has "S" (Sell) and "B" (Buy) signals corresponding to local tops and bottoms. The recent presence of more "S" signals reinforces the recent downtrend. Volume: * Volume has been volatile. There have been periods of higher volume during significant price movements (for example, around May 18 and early June). Recently, volume has been moderate to low. In a downtrend, decreasing volume can sometimes indicate weakening selling pressure, but it is not a strong reversal signal on its own. MACD (Moving Average Convergence Divergence): * MACD(12,26,9): -356.5 * DIF: 752.6 * DEA: 1,109.2 The MACD reading is negative (-356.5) and the DIF (MACD line) is below the DEA (Signal line) (752.6 < 1,109.2). This is often interpreted as a bearish signal and indicates that momentum is to the downside. Conclusion/Summary of Analysis: According to the given chart: * Current Situation: BTC is trading around 105,542.7, having experienced a significant decline from higher levels. * Trend: The short to medium term trend appears to be bearish, with the price trading below the three moving averages shown (MA5, MA10, MA30) and the MACD crossing into a bearish crossover. * Momentum: Momentum is currently to the downside. * Support/Resistance: Although not explicitly drawn, 105,542.7 appears to be a current point of contention. If price continues to decline, previous lows around 100,500-101,000 could act as potential support. Resistance would be at the moving average levels and previous highs.