Lian En: The current inflation shock is of moderate scale

According to official announcements, Upbit will launch RE's Korean won, BTC, and USDT trading pairs.

The trading volume of Binance RE/USDT surged 8 times within 10 minutes, with a turnover of 63.73 million US dollars in the past 24 hours, an increase of 772.80% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

A new wallet has withdrawn over 530 BTC from the Binance exchange. （Cointelegraph）

CryptoQuant founder Ki Young Ju stated that the biggest risk for Bitcoin at present is not a price collapse, but rather the boring market caused by long-term sideways trading that weakens investor confidence. This environment will affect the demand and institutional premium structure, putting pressure on Michael Saylor's STRC structure capital operation model. In the absence of upward narrative support, MicroStrategy's market premium may be compressed, leading to challenges in sustained financing and coin purchase strategies. The core driving force of each cycle of Bitcoin is the narrative update around the upward logic, and currently Bitcoin lacks a new narrative center with a unified market belief.

According to SBS Biz, South Korea plans to revise its Foreign Exchange Trading Act to allow exchanges and fintech companies to participate in the virtual asset overseas remittance system expected to be launched in December this year. The amendment defines cross-border virtual asset transfer as "virtual asset transfer business", and relevant enterprises must register with the Office of the Minister of Finance and Economic Affairs of South Korea and report information through the foreign exchange computer network of South Korean banks during transactions.