ETH perpetual closing of 23.99 million pending orders, or guiding price direction, please pay close attention

According to Arkham monitoring data, about 21 hours ago, asset management giant Jingshun Invesco Bitcoin Exchange Traded Fund BTCO Invesco Galaxy Bitcoin ETF transferred 558.174 BTC worth approximately $53.51 million to a certain address starting with bc1qz.

According to Cointelegraph, finance professor David Krause stated that a significant drop in Bitcoin prices could seriously impact MicroStrategy, jeopardize its debt repayment ability, and potentially lead to financial distress or bankruptcy, triggering a stock sell-off. Financial analyst Jacob King stated that when MicroStrategy's stock price exceeds its net asset value in Bitcoin, the company will raise funds through debt or equity to purchase more Bitcoin. This cyclical strategy only works when BTC continues to rise, and if BTC stagnates or collapses, this cycle will collapse.

According to Foresight News, the cross chain settlement layer Union announced the launch of the Union Foundation, an independent organization dedicated to building a more secure, decentralized, and interoperable Web3. The Union Foundation's core focus is to fund initiatives that support the Union network and incentivize its development through maintenance, ongoing development, and decentralized application (dApp) creation, including grant programs and Union Fellowship programs. The Union Foundation announced that it will soon release a token economy model, and the Union mainnet will also be launched soon.

【】 OKX-MOVE is currently priced at $0.8892, with a 5.38% increase over 24 hours. 24-hour transaction volume of 400 million US dollars, a decrease of 48.45%, for reference only

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