Richard Teng says Binance is about to celebrate its ninth anniversary

According to on chain analyst Yu Jin's monitoring, the US government address transferred 3940.7 BTC and 300007 ETH to Coinbase Prime, valued at $244 million and $53.09 million respectively, totaling $297 million. The US government currently holds approximately $20.5 billion in cryptocurrency assets, including 325000 BTC, 145 million USDT, 28000 ETH, and 62000 BNB, with values of $20.2 billion, $145 million, $50.35 million, and $35.38 million, respectively.

[Today's Crypto Fear & Greed Index Drops to 22, Market Enters Extreme Fear] According to Alternative.me data, today's Crypto Fear & Greed Index has dropped to 22, indicating the market has shifted into a state of extreme fear.

SK Hynix fell nearly 10% the day after its US listing. After South Korean regulators warned of overheating in the chip sector, the KOSPI index fell nearly 10% on June 23, triggered a circuit breaker on June 26, and fell about 9% on July 13 due to risks related to Iran, triggering another circuit breaker. After selling on June 23rd, Nasdaq fell more than 2%, and after KOSPI fell on July 13th, Nasdaq closed down 1.55%. SK Hynix oversubscribed by about 7 times on the US stock market, incorporating highly leveraged and volatile Korean stocks into the US investor portfolio. Korea's retail leverage magnified the volatility of the chip sector, affecting global AI demand expectations, while the US treasury bond bond repriced to tighten liquidity.

According to SolanaFloor monitoring, Circle has issued 500 million USDCs on the Solana chain in the past 24 hours.

CryptoQuant's 365 day PnL Index Signal continues to decline, and the current BTC cycle has not yet reached its peak. （Cointelegraph）