24hENS domain name transaction volume exceeds 2 million US dollars

The U.S. Congress has proposed more than 80 crypto-related bills in 2022, setting a record high. The U.S. upper echelons are paying unprecedented attention to the crypto market, and future regulation will gradually catch up. However, with President Biden's approval rating declining, it is difficult for Biden to immediately reach out to regulate cryptocurrencies, because doing so will not bring him more votes. Real regulation may begin after the midterm elections in November. Almost half of this year has passed, and both the epidemic and the decline in the global financial market have reduced our quality of life. There may be some problems such as global food shortages in the second half of the year. We can only hope to get better soon, have enough cash flow reserves, and wait for the final opportunity to exit.

The Democratic Party of Japan proposed for the first time to amend the government tax law to support the development of WEB3. Its institutional reform will create a better innovation environment, introduce investment into blockchain, NFT, Metaverse and WEB3, and attract global talent to Japan. After experiencing the collapse of the real estate bubble, Japan is well aware that talent and innovation are the foundation of a country's development. Now this step can be regarded as a full embrace of the encryption field.

The Basque region of Spain has enacted a crypto tax law, setting a cap on cryptocurrency taxes and using crypto assets and legal currency assets as the tax base. This region has already regarded Bitcoin as an asset or currency, opening up a wave of European countries embracing it.

SBF donated $16 million to the US Political Action Committee in April, becoming one of the largest donors. If SBF continues to embrace the government and use money to build relationships, it will have a smoother road ahead.

Brazilian trading platform Nox Bitcoin compensated UST investment customers with a $1 anchor price, with a total compensation of $127,000. This advertisement was well-made and cost very little money, allowing the world to see the sincerity of this exchange.

Zhao Changpeng said that he is ALL IN on Bitcoin and BNB, but suggested that everyone should diversify their investments. For CZ, there is nothing wrong with investing in Bitcoin and his own tokens. Bitcoin is the most certain investment product. Secondly, the most competitive ones in the public chain track are ETH and BNB. His choice of ALL IN himself will bring huge motivation to move forward.

Twitter founder Jack Dorsey changed his Twitter profile to Bitcoin. I still remember that when Musk changed his profile last year, Bitcoin went crazy. Now in the weak market, there is almost no reaction, which is indeed a bit sad.

Panic 14, extreme panic.

Coin News:

Bitcoin: It has been trading sideways without any fluctuations. It is estimated that it will reach 30,000 tonight, but the possibility of exceeding it is not great. It will continue to fluctuate repeatedly. If it goes down, it will be long, and if it goes up, it will be short. Grid trading is suitable for weekends.

ETH: The number of addresses with more than 10 ETH has reached 290,000, a 16-month high. This is a process of eliminating small retail investors. The short-term trading volume is bleak, and the market will continue to fluctuate in tandem with Bitcoin.

ADA: The founder said that blockchain will help Africa become a leader in WEB3. ADA has been committed to building a public chain in Africa. Last week, the average daily number of new wallet addresses was 2,340. The development is still quite rapid. When the price drops, it is not expensive. If you like it, save some.

SOL: Within 24 hours, two SOL NFT projects on Opensea entered the top 10 in transaction volume, indicating that SOL's NFT market has developed very well in recent years, which is conducive to the outbreak of the public chain ecosystem and is worth ambush.

ENS: 24-hour domain name transaction volume exceeded 2 million US dollars, an increase of 800%. The total amount is still a bit small. Let's see if it can continue to grow in the future.

ZEC: The team intends to convert the POW mechanism to the POS mechanism to put itself at the forefront of WEB3. This is a big positive and there is still much to look forward to in the future.