Brian Armstrong: Still optimistic about Bitcoin and holding long-term long positions
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Coinbase CEO Brian Armstrong stated in a post on X platform that his optimism towards Bitcoin remains the same, and he still holds a long-term long position, stating that the situation has never been as good or bad as it seems.
According to Sina Finance, after the news of the Iran deal was announced, US Treasury bonds rose across the board, and yields on US bonds of all maturities decreased. Swap market traders expect a probability of about 60% for the Federal Reserve to raise interest rates by 25 basis points before December, down from about 80% on Friday. Brent crude oil prices fell by about 4%, easing market concerns about inflation. US Treasury prices have risen as investors expect a resolution to the Iran conflict to help lower oil prices. This trend affects the $31 trillion US Treasury market and global borrowing costs. Wilson Asset Management hedge fund manager Matthew Haupt said that some short positions in interest rate bonds will be released, and central banks around the world can be less hawkish.
Onchain Lens monitoring shows that with the rise of ZEC, Loracle's 10x ZEC long position has gained $4.5 million. Loracle increased its long position in NEAR by 10 times to 4.23 million NEAR and held long positions in HYPE, WLD, TON, ASTER, XMR, and TSLA, with an overall floating profit of 3.48 million US dollars.
Geministar-eth proposed 8715 ETH worth $14.99 million from Binance 1 hour ago, with a proposed price of $1720.3. It has now been deposited into EtherFi for staking. (Auntie Ai)
The Deputy Prime Minister of Singapore stated that the Singapore Exchange will establish an over-the-counter gold clearing system and is exploring physically deliverable gold futures contracts. The Monetary Authority of Singapore will lift the 5% cap on physical investment in precious metals under the Fund Tax Incentive Scheme, and will launch central bank vault custody services before October.
According to on chain analyst Ai Yi's monitoring, a certain whale withdrew 45.495 million USDT from Binance, pledged it to Aave, and lent 10000 ETH for short selling. The giant whale has pledged a total of $156 million in stablecoins and lent out $353884 million in ETH, with an average selling price of $1682.14 and a floating loss of $1.098 million. When the ETH price rises to $3453.36, liquidation will be triggered.
