China Academy of Information and Communications Technology: China's daily token usage has increased by over 1000 times within two years

Hyperliquid co-founder Jeff Yan stated in the VALR podcast that the crypto industry and fintech sector have failed to attract enough top entrepreneurial talent. Jeff Yan believes that many outstanding young people have not chosen to enter the cryptocurrency industry due to the AI boom and social reputation. Jeff Yan calls on young entrepreneurs to focus on the problems facing the world and participate in the development and innovation of on chain finance.

F2Pool's joint venture Wang Chun blocked a large number of BIP-110 supporter X accounts and stated that there is currently no spam information in their timeline.

[South Korea's KB Financial Group Establishes 100 Billion KRW Digital Asset Strategic Investment Fund] According to DigitalToday, South Korea's KB Financial Group has established a digital asset strategic investment fund with a scale of 100 billion KRW (approximately $71 million). The fund is managed by KB Investment and focuses on investing in technologies within the digital asset market, foundational models and application services supporting AI transformation, as well as startups in the field of artificial intelligence infrastructure such as data inference and analysis.

According to chip distribution data, Binance BTC/BTC/USDT is currently under pressure at the concentrated chip trading price of $64099.40 in the past 3 days. A total of 4298 BTC has been traded near this price, with 2179 BTC actively bought and 2120 BTC actively sold. Operation strategy: Pay attention to the attack and defense of $64099.40. If you successfully hold/break through, this area may become an important obstacle; If encountering obstacles and falling back, the price may seek a new equilibrium upwards. The PRO 'Chip Distribution Chart' allows you to view the performance of the chip peak over different periods, helping to determine the strength level of support or resistance. The data is for reference only and does not constitute any investment advice.

Crypto analyst Murphy stated that based on the net position data of BTC's realized market value (RC) on the 7th, panic trading has been continuously released since June. Negative RC depth indicates that a large number of chips are moving in a loss making state, which is a characteristic of terminal surrender. The surrender and absorption of the previous cycle lasted for 261 days, and this cycle has seen this phenomenon for 177 days since January of this year.