Cryptocurrency Daily Thefoxposts.com

By: Hu Feitong Translated by: WuBlockchain The Bitcoin 2024 Conference is the largest Bitcoin event, and this year it was particularly notable due to the participation of Trump and his team. On the afternoon of July 27th, U.S. time, and in the early hours of the 28th, Beijing time, Trump delivered a nearly 50-minute speech that was quite impactful, explicitly supporting Bitcoin and digital currency innovation. The summary of his speech quickly spread through social networks, and most people have probably seen it. However, what is interesting is that despite such positive news, the entire digital currency market reacted very calmly, with prices barely fluctuating. First, let’s look at what Trump said, and then we’ll discuss why the market remained so calm. Summary of Trump’s Speech Many of the summaries people saw were distilled based on the interests of the Web3 industry. However, after watching the entire speech, you would understand that its main purpose was still to garner votes. Si...

1. Hong Kong Regulatory News This Week 1.1 Hong Kong Police Arrest Three Men for USDT Exchange Scam Involving Joss Paper link Recently, the Hong Kong police arrested three local men, aged between 31 and 34, in connection with a crypto currency fraud case. On April 12th, a 35-year-old man was defrauded while attempting to resell approximately HKD 1 million worth of Tether (USDT) in a shop in Tsim Sha Tsui. The suspects deceived the victim by displaying 3,000 pieces of Joss paper, each with a face value of HKD 500, luring him to transfer the USDT to a designated crypto currency wallet. They then made various excuses to avoid paying cash and fled the scene. 1.2 Caixin: Hong Kong Cryptocurrency ETFs Align with National Strategy link Han Tongli, CEO of Harvest Management (Hong Kong), remarked that Hong Kong, as a Special Administrative Region, can be seen as a “sandbox” leading the nation in financial innovation with early trials. If crypto currency spot ETFs are proven to operate smoothly ...

Author: WuBlockchain According to statistics from RootData, there were a total of 93 publicly announced investment projects in May. This represents a 13% decrease compared to the previous month (107 projects in April 2023) and a 40% decrease compared to the same period last year (155 projects in May 2022). Please note that not all financing is announced in the same month , so the above statistics may increase in the future. Here are the primary industry classifications: In the crypto market in May, infrastructure projects accounted for approximately 29% of the financing, DeFi accounted for approximately 18%, CeFi accounted for approximately 6%, and NFT/GameFi accounted for approximately 26%. The total financing amount in May was $760 million, which is a 7% decrease compared to the previous month ($820 million in April 2023) and a 66% decrease compared to May 2022 ($2.23 billion). The funding rounds exceeding $20 million are as follows: The technology company Tools for Humanity, be...