Coinbase CEO: Bitcoin could surge to $300,000 to $400,000 in the coming years

Coinbase’s official X account posted that now appears to be a good time to resubmit this request to the X platform, calling out to X: “Restore the Bitcoin emoji.” Previous reports noted that X (formerly Twitter) removed the orange Bitcoin emoji associated with the #Bitcoin tag on July 26, 2024.

Crypto journalist Eleanor Terrett stated in a post that the U.S. Commodity Futures Trading Commission (CFTC) will hold its first meeting of the Innovation Advisory Committee at 1 p.m. Eastern Time (ET) today, discussing topics including cryptocurrency, artificial intelligence, and prediction markets. Attendees will include several corporate executives who attended a White House event yesterday, as well as other leaders from the crypto industry, traditional finance, academia, and the prediction market sector.

Privacy public blockchain project Beldex has closed an $8 million funding round, led by Sigma Capital with participation from NTC, Nxgen, Digital Consensus Fund, and EAK Ventures. The round will be used to accelerate the development of its privacy infrastructure for Web3 and AI. As it expands its business, Beldex is extending its existing privacy ecosystem further into the infrastructure space to support developers in building private, confidential applications. The company plans to allocate the funds to key areas including developer tools, privacy applications, protocol security, AI infrastructure, and ecosystem development.

According to market data from BIT (bit.com), the Nasdaq fell by 1%, the Dow Jones dropped 0.8%, and the S&P 500 declined 0.4%.

According to official announcements, on-chain reputation protocol Ethos Network has announced that it will launch a WHUF token auction on September 1, with plans to sell 20% of the token’s total supply. The auction features an 85% price protection mechanism, an initial fully diluted valuation (FDV) of $1 million, and a maximum valuation cap of $99 million. Additionally, Ethos will offer extra rewards for contributor XP and referrer participants. Users can complete registration in advance to join the WHUF token auction and related incentive activities.

Bitcoin (BTC) may be approaching a "golden cross" formation, a technical analysis pattern generally regarded as a long-term bullish momentum signal. The pattern will be officially confirmed if Bitcoin continues its upward trend by breaking above the 50-day simple moving average (SMA), and also surpassing the current 200-day SMA of $69,005. This potential cross emerges as Bitcoin’s price has climbed to $71,000, having rallied over 12% in the past week, and currently trades slightly above its 200-day SMA. The 200-day SMA, which reflects Bitcoin’s average closing price over the past 200 trading days, is widely used to gauge long-term market trends. If Bitcoin remains above this moving average, it typically signals a potential shift from a bear market to a bull market; conversely, a break below the 200-day SMA would send the opposite signal.