A Bitcoin whale has been buying 25 Bitcoins a day since February, worth $1 million

The weekend market is boring to the extreme, so I will just update briefly today. I plan to set up a QQ group next week for everyone to chat when they are bored during the epidemic. It will be disbanded when the epidemic is over. After all, it is quite depressing for Chinese people to hang out in foreign communities every day. Language and culture are both challenges. Now domestic cryptocurrency investors have fallen from the top to the bottom of the world, and the money from information asymmetry has been earned by foreigners. It is really a sad thing. I don’t have any other ideas for setting up this community. It is just a platform for multiple exchanges. I hope to be able to share more information and add a channel for everyone to obtain information. It is expected that the QR code will be posted on Weibo tomorrow or the day after tomorrow. There is no threshold. Just scan the code or enter the group number to join.

The New York State Senate authorized the Department of Financial Services to charge cryptocurrency companies for regulatory costs to ensure that cryptocurrency regulation is consistent with the regulatory methods of traditional financial institutions. This is really eye-opening. Shouldn't regulatory agencies be funded by the state? The United States is so poor that it has to use the crypto industry's money to regulate the crypto industry. This is really naked exploitation.

In the latest draft of the EU's crypto regulatory plan, it was mentioned that the European Securities and Markets Authority will be established as the highest regulatory agency for cryptocurrencies. This time, the European crypto market has a big regulator. Once this draft is implemented, the crypto industry in Europe is expected to undergo some changes.

The Russian ruble has returned to its pre-war level against Bitcoin. This is mainly due to the rapid appreciation of the ruble against the US dollar after Putin made the ruble the only carrier of oil and natural gas. The wealthy people in Russia who want to evade sanctions have at least gained some breathing space, and the demand for cryptocurrencies will also decrease accordingly.

The Paris Blockchain Summit will be held next week from April 12 to 14. Zhao Changpeng, SBF, and founders or executives of projects such as ALGO, AVA, and SAND will attend. This kind of pure cryptocurrency conference should say good things, but the impact is relatively limited. You can listen to the big guys' views on the future. After all, they are a group of people at the forefront of the dividend industry.

A Bitcoin whale has been buying 25 Bitcoins a day since February, worth $1 million, and then transferring the Bitcoins to his own wallet. He currently owns 9,700 Bitcoins. This is the real fixed investment, buying a little every day, and this purchase amount is somewhat amazing.

The size of Motus Capital's crypto fund will be around US$100 million. This is a fund established by three former Citibank executives. People in the traditional circle will gradually go from disgust to embracing crypto.

Panic 34, still panic.

Coin News:

Bitcoin: Boring volatility over the weekend, demand slightly outstrips supply, mainly due to the 4,130 bitcoins that LUNA Foundation increased its holdings today. The real trend still depends on how the U.S. stock market opens tomorrow night. At present, it is still a short-term trend of correction, with a support level of 40,000.

Ethereum: Stronger than Bitcoin, it is clearly not in a trend of correction. It is expected to remain strong in the future. It is possible to go long on the ETH/BTC trading pair.

DOGE: The report shows that the total number of Dogecoin holders in the United States exceeds that of Bitcoin and Ethereum. Musk once again called for Dogecoin on Twitter. Can we use Dogecoin for payment? The current problem is that there are too many locked-in shares, and it is not easy to go up, so it takes longer to polish.

ASTR: The locked amount exceeds 1.64 billion US dollars. Since the madman mentioned it on March 30, the price has doubled 2.5 times against the trend. If you have been holding it, you can consider selling the principal and keeping the profit. If compared with ADA, it is still undervalued, so long-term participants can continue to hold it.