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Analysis: Bitcoin's 200-week moving average approaches $50,000, indicating a long-term bullish signal

4 hours ago

On July 1st, according to CoinDesk, analyst James Van Straten presented a market analysis. The 200-week simple moving average (200WMA) of Bitcoin rose to $49,223 and was on the verge of breaking through the $50,000 psychological barrier. The 200-day moving average (200DMA), which represents the bull-bear divide, is currently at $96,246 and successfully held this support during a recent approach to $98,000 in pullback. The analyst stated that the continuous rise of the 200WMA reflects the growth of the market's fundamental value. The current level is almost double compared to the bear market period from 2022 to 2023 (with an average of $25,000). "When the 200-week moving average maintains a 45-degree upward trajectory, it often indicates that the crypto winter has completely ended. The hitting of new highs by the Nasdaq 100 and the S&P 500 indices has created a favorable environment for Bitcoin to break through its previous high."

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James Wynn's 40x leverage long Bitcoin position partially liquidated, worth $486,000

On July 1st, as per the monitoring of LookOnChain, the position of whale James Wynn was partially liquidated for 4.59 BTC due to a significant drop in the BTC price, which is worth $486,000. James Wynn's current position on HyperLiquid is as follows: a 40x leverage long Bitcoin total position of approximately $860,000, with an entry price of $107,439.1 and a liquidation price of $105,500.

4 minutes ago

Analysis: The Tax-Free Provision for Small Cryptocurrency Transactions Has Yet to Surface as Indicated, or Opportunity Missed.

On July 1st, According to crypto reporter Eleanor Terrett, following more than 24 hours of amendment procedures in the U.S. Senate, there is still no indication that Senator Cynthia Lummis' (the sponsor of the Bitcoin Reserve Act) cryptocurrency tax proposal has been passed. The time frame for submitting the proposal for Senate discussion may have elapsed or an opportunity may have been missed. Previously, Senator Lummis proposed including a provision in the "beautiful bill" for small-value cryptocurrency transactions to be tax-exempt, including a provision for tax exemption for small cryptocurrency transactions (less than $300). Industry insiders believe that this would simplify the current practice of taxing both ends of core cryptocurrency activities—staking and digital asset mining.

4 minutes ago

Trump: Department of Government Efficiency (DOGE) will focus on Musk, we will save a lot of wealth

On July 1st, US President Trump said: The Department of Government Efficiency (DOGE) will center on Elon Musk and not be concerned about Musk's criticism of the tax bill ("Beautiful Act"). If the Department of Government Efficiency (DOGE) pays attention to Musk, we will save a significant amount of fortune. (Golden Ten)

4 minutes ago

US Stock XRP Reserve Company Webus Intraday Gain Widens to 87.44%

On July 1st, based on market data, the U.S.-listed mobile transportation service provider Webus International Limited (WETO) witnessed its intraday gain expand to 87.44% and then narrow back. Currently, it is up by 22.4%, with a stock price of $2.668 and a trading volume of $148 million USD. Today, Webus announced that it had received a $100 million credit line from Ripple Strategy, which may be used to establish an XRP reserve.

4 minutes ago

U.S. Stock Listed Company Webus Secures $100 Million Ripple Line of Credit for XRP Treasury Building

On July 1st, as per the report from globenewswire, the U.S.-listed mobile ride-hailing service provider Webus International Limited (WETO) has entered into a conditional securities purchase agreement with Ripple Strategy Holdings. This enables it to obtain a credit line of up to $100 million in preferred stock. Once the registration statement is made effective by the U.S. Securities and Exchange Commission (SEC) and approved by the company's existing underwriters, the $100 million commitment will be disbursed at the company's discretion over a period of 24 months. Each drawdown amount will range from $250,000 to $3 million, depending on market conditions and capital requirements. On May 30th, Webus International Limited announced that it is in the process of exploring a financing strategy of up to $300 million with the aim of establishing an XRP reserve through diversified non-equity financing instruments.

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CZ: "A few months ago, I personally donated $10 million worth of BNB to Vitalik to support his open-source bioinformatics project."

On July 1st, the founder of Binance, CZ, posted stating, "A few months ago, in addition to investing in YZi Labs, I personally donated $10 million worth of BNB to Vitalik to support his open-source biotech project. Recently, I have also made donations to several other charitable organizations and have achieved certain good results. I will soon share some of these achievements."

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