BTC under high pressure: upper hanging line+KDJ overbought, alert to pullback risk

Dan Robinson, General Partner and Research Director of Paradigm, stated on X platform that this week his team, in collaboration with Multicoin Capital, Chainlink, Electric Capital, Galaxy, Ribbit Capital, and Tribe Capital, sent a letter expressing their opinions on the draft legislation on cryptocurrency market structure released by the Senate Banking Committee. On the key issue of token securities regulation, the Senate draft differs from the approach of the CLARITY Act, which has already been passed by the House of Representatives. Paradigm believes that the Senate; Auxiliary Assets; The plan is more advantageous for the encryption industry. Both bills are superior to those that are difficult to apply and may bring about reverse incentives; Haowei Test” The system, but the Senate draft is more concise, avoiding the need for decentralized tokens and protocols to adapt to rigid frameworks. It prevents abuse by excluding clauses, that is, assets with specific financial rights and statutory rights are not considered auxiliary assets.

On August 8th, analyst Jay Hatfield stated that Stephen Miran's appointment as an interim director of the Federal Reserve is unusual, but it will not affect his ability to fulfill his duties. He believes that Miran's addition may put more pressure on Federal Reserve Chairman Powell to cut interest rates. The outside world is currently paying more attention to the progress of the nomination of the Federal Reserve Chairman.

CryptoQuant research director Julio Moreno stated that XRP Whale has recently accelerated the transfer of tokens to exchanges, which may lead to short-term price pressure. The data shows that the 30 day average of XRP whales transferred to the exchange has increased from 141 million in early July to 260 million. Moreno pointed out that the inflow of whale funds into exchanges usually indicates possible selling pressure, and a similar situation in July led to a decline in XRP prices.

The price of Bitfinex ETH/USD has reached a nearly six-month high, now reporting $3943.6, up 7.11% in 24 hours, with a turnover of $38.42 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

According to the summary of opinions from the July monetary policy meeting released by the Bank of Japan on Friday, a committee member stated that if the impact of US tariffs on the economy is proven to be minimal, the Bank of Japan may end its current wait-and-see mode and restart interest rate hikes by the end of this year. Another committee member pointed out that the current policy interest rate of the Bank of Japan is 0.5%, which is lower than the level considered neutral to the economy, so the central bank must continue to raise interest rates. (Golden Ten)