Currently, Bitcoin's total market value ranks 10th in the world, ahead of Facebook, and is still a very powerful asset in the world.

The Russian Central Bank has recently begun to take a positive attitude towards cryptocurrency payments and intends to join the current laws. At the same time, its attitude towards cryptocurrency mining has changed and it will reconsider the feasibility of cryptocurrency mining. Its deputy governor said that although the central bank believes that cryptocurrencies are high-risk, it has seen the space for foreign trade and the use of cryptocurrencies outside Russia and has changed its position on the adoption of cryptocurrencies. This means that it is only a matter of time before Russia fully liberalizes cryptocurrencies. This country with the largest land area in the world is also the largest resource exporter. Once cryptocurrencies are used, it means that countries that do not want to trade with Russia in rubles will have a second choice, which will greatly increase the reservoir of cryptocurrencies and is a very considerable increase.

Brazil has officially launched the Brazilian blockchain network. Although Brazil’s own blockchain is a consortium chain and is not difficult to tamper with, it is at least a blockchain of national credit. People across the network are supervising it, so some key issues dare not be rolled back casually.

This means that Brazil has officially entered a credit society. If all data is fully uploaded to the chain in the future, a credit system will be established, and the cost of default will be high because your stain will follow you throughout your life.

Fidelity Investments plans to recruit 110 technicians to establish a cryptocurrency exchange, which will be used for cryptocurrency custody and trading services other than Bitcoin , and 100 customer service specialists. The establishment of cryptocurrency exchanges by these traditional super institutions means that competition in the market has begun to intensify, and the barbaric era will gradually enter an era of fierce competition.

Goldman Sachs is negotiating with FTX to integrate their contract businesses. FTX is developing rapidly, and it is likely that Goldman Sachs will need to pay a high fee to negotiate with it, and it is unlikely to be a cost-effective deal. However, it is not difficult to see from the side that traditional giants are determined to participate in the crypto market.

Paypa participated in the financing of Aptos, the main company that previously developed stablecoins for Facebook. This shows that Paypa intends to develop its own stablecoin. As for whether it can succeed, it still has a lot to do with future regulation.

Since the beginning of this year, the number of Bitcoins in Coinbase institutional accounts has increased by 296%, which is a very amazing figure. After Bitcoin was halved, institutional investors did not reduce their positions, but continued to increase them, indicating that their long-term optimism about Bitcoin has not changed, which will give many investors great confidence.

Panama's Tower Bank invites crypto enthusiasts to open an account with the bank. This is relying on innovation to start grabbing global crypto users. This kind of innovation at the forefront will have huge benefits for its business in the future. As long as crypto continues to develop, this bank will beat many banks that are more powerful than them.

0P was listed on major centralized exchanges today, and nearly one-third of the airdrop was taken away by users. According to the latest proposal, users who sold the initial airdrop will not be eligible to participate in the airdrop in the future (with a high probability of passing), which will cause some users to reduce their selling pressure. At present, the total market cap of the token is more than 4 billion, the price is 1.6 US dollars, and the total market value is more than 6 billion. It ranks outside the top 10 in the crypto market. There is not much room for continued speculation upward. It is expected that 2 US dollars is a high-risk area and 1.2 US dollars is a low-risk area. It is generally speculative, and market sentiment is not capable of sustained speculation and pull-ups.

Panic 17, extreme panic, the market rebounded to 32,000 and the value did not rise significantly. It seems that the chances of further rebound are still good.

Coin News:

Bitcoin: Currently, Bitcoin's total market value ranks 10th in the world, ahead of Facebook, and is still a very powerful asset in the world. In the short term, after continuous consolidation at 32,000, as the 5-day line moves up, there is a chance to continue to rebound upward, and the overall trend continues to be long.

ETH: Alameda Research transferred 8,000 ETH to FTX. This research institution is also dumping ETH into the exchange. I really don’t understand their logic. Does it mean that after ETH is converted to POS, it will be replaced by other public chains? Or will it lose its ecological advantages? It is still difficult to see at present, so the madman continues to choose to hold positions, and the short-term linkage is still the main focus.

ZEC: Upgrading NU5, enhancing privacy and eliminating trusted settings, this coin has been doing quite well recently, but as long as it continues to develop, there will still be opportunities in the future.

BNB: Released a roadmap and plans to build a metaverse sidechain, which can attract tokens such as APE to join, while increasing the number of decentralized validators and continuing to increase its public capacity and speed. Overall, it is still a very efficient roadmap, so long-term development is worth looking forward to.

ASTR: It is currently raising $100 million at a valuation of $500 million. Its current market value is only $210 million, which means that if someone invests in it, the price of its coin will at least double. We don't know if there will be any suckers in the future, but at least it is a good expectation.

As long as it can hold steady at 31,000 tomorrow, it will continue to rise.