Main password: Ripple joint venture transfers 140 million US dollars of XRP, main player trades 93.76 million US dollars betting on this direction

BlockBeats News: On August 1st, according to Cointelegraph, venture capital firm Andreessen Horowitz (a16z) called on US lawmakers to revise a draft cryptocurrency regulatory bill, warning that the framework may have serious loopholes that could jeopardize investor protection mechanisms. In an open letter to the US Senate Banking Committee, a16z suggested that regulatory agencies address the loopholes in the proposed cryptocurrency legislation. This letter is an official response to the discussion draft released at the end of July. This discussion draft is based on the 21st Century Financial Innovation and Technology Act (CLARITY Act) and aims to solicit industry opinions and promote regulatory legislation for encrypted assets. A16z specifically pointed out that there are issues with the definition of "ancillary assets" in the draft, which refers to tokens sold through investment contracts without granting the buyer equity, dividends, or governance rights. The structure of 'ancillary assets' should not become the legislative basis without significant modifications, "the letter stated

According to Lookonchain monitoring, Whale 0xF436 is buying ETH and has withdrawn 14520 ETH ($53 million) from CEX in the past 9 hours. Just 5 days ago, this whale bought 38606 ETH ($148.44 million) for SharpLink.

The current price of ETH is $3614.13, with a drop of 6.12% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 491 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 131 million US dollars (26.79%). The data is for reference only.

According to Decrypt, Paul Grewal, Chief Legal Officer of US cryptocurrency exchange Coinbase, submitted a federal court filing on Tuesday accusing the Federal Deposit Insurance Corporation (FDIC) of deliberately obstructing disclosure requests for documents related to "Operation Chokepoint 2.0". Despite court orders requiring the disclosure of these documents, the FDIC has not fully cooperated.

According to the large transaction data in the past 12 hours, the main force has sold a total of $41.87 million, far exceeding the buy of $27.8 million, with a net outflow of $14.07 million, showing a clear trend of short selling. Especially at 17:59 and 17:52, two consecutive large market sell orders exceeding $1 million suppressed prices, indicating an intensification of short-term selling pressure. The current BTC price is below the EMA24/52 moving average, and the KDJ golden cross lacks sufficient divergence, resulting in a lack of momentum for the rebound, further verifying the bearish signal of the large trading indicator. Open a membership to access the main fund trends and accurately grasp the turning points of the market! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.