Foresight News takes you through this week’s hot topics and recommended content:
01 Bitcoin 2024
Bitcoin 2024 first day news: full of bull market euphoria
02 ETH ETF
"Ethereum spot ETF is officially listed. How do institutional retail investors view the future market?"
"Bitwise Chief Investment Officer: Ethereum spot ETF is launched, how to configure your crypto portfolio?"
03 Trump and Cryptocurrency
How Trump is using encryption strategies to win votes as Biden withdraws from the race
The Wall Street Journal: Ordinary people who donated cryptocurrency to Trump
04 CZ Returns
"CZ is about to be released, which "concept coins" are worth paying attention to?"
05 Industry Insights
"The crypto market has suddenly changed. What caused this round of plunge?"
"Forbes: What impact will the new US crypto tax regulations have? "
The Untold Story Behind Solana Founder Toly’s Success
《Placeholder: Thinking about the growth potential of stablecoins from the perspective of currency hierarchy》
"Friend.tech is gone, what should we do next? ——Where is the future of encrypted social networking?"
06 Project Observation
"Can the new staking upstart Karak shake EigenLayer's dominance?"
IoTeX 2.0: Unlocking the infinite possibilities of the DePIN ecosystem
"How did NPC Labs, founded by former Coinbase employees, receive $21 million in funding?"
Infinex Airdrop Guide: The Safest Way to On-chain?
"What did Aerodrome do right that surpassed Uniswap on Base?"
"Jingwei led the $15 million financing, how Chainbase built the full-chain data interaction layer"
01 Bitcoin 2024
Bitcoin2024 Nashville officially kicked off this week (July 25-27), and attendees seemed to be immersed in the atmosphere of the bull market. Let's take a look at what happened on the first day of the conference. Recommended articles:
" Bitcoin 2024 first day news: filled with the joy of the bull market "
The bitcoin fans who flocked to Nashville this year weren’t focused on price. Instead, they were soaking up the bull market and chatting with like-minded attendees.
For many, this wasn’t their first Bitcoin conference. But it was nothing like it was 14 months ago in Miami, when the price of Bitcoin was hovering around $28,000.
At the main entrance of the conference, there was a warning sign prohibiting items from being brought in, with the warning "No bears allowed" being very prominent, and the participants from all over the world seemed to be delighted by this.
02 ETH ETF
This week (July 23), the Ethereum spot ETF approved by the U.S. Securities and Exchange Commission (SEC) was officially listed for trading. What will the market look like in the future? Recommended articles:
10x Research's latest article stated that although ETH has rebounded to $3,500 before the ETF was approved, we suspect that many people will choose to sell and take profits immediately after the ETF is launched - or even before it is launched. Compared with the situation of Bitcoin spot ETF in February, Ethereum spot ETF is unlikely to attract too much arbitrage funds, thereby weakening the optimism about ETH.
With the launch of the spot Ethereum ETP, traditional investors can now finally use low-cost, liquid ETPs to seize the huge opportunities in the cryptocurrency field. How should investors configure their cryptocurrency positions? Bitwise Chief Investment Officer Matt Hougan gave his answer. Recommended articles:
I think the right starting point to combine these three assets is as follows:
- Bitcoin ETP: 60% allocation
- Ethereum ETP: 30% allocation
- Cryptocurrency company stock ETP: 10% allocation
Both Bitcoin and Ethereum are exciting and leaders in their respective fields. But if you only buy one of them, you are missing out on a large part of the market.
Likewise, some applications of cryptocurrency are best realized through companies rather than crypto assets. For example, stablecoins are one of the most exciting applications of cryptocurrency: digital dollars on the blockchain, circulating globally. But most of the value of creating stablecoins accrues to the companies that create them, not the blockchains they trade on.
If you want to fully understand what cryptocurrencies have to offer, you need these three: Bitcoin, Ethereum, and cryptocurrency companies.
03 Trump and Cryptocurrency
How Trump is using encryption strategies to win votes as Biden withdraws from the race
The Wall Street Journal: Ordinary people who donated cryptocurrency to Trump
04 CZ Returns
"CZ is about to be released, which "concept coins" are worth paying attention to?"
05 Industry Insights
"The crypto market has suddenly changed. What caused this round of plunge?"
"Forbes: What impact will the new US crypto tax regulations have? "
The Untold Story Behind Solana Founder Toly’s Success
《Placeholder: Thinking about the growth potential of stablecoins from the perspective of currency hierarchy》
"Friend.tech is gone, what should we do next? ——Where is the future of encrypted social networking?"
06 Project Observation
"Can the new staking upstart Karak shake EigenLayer's dominance?"
IoTeX 2.0: Unlocking the infinite possibilities of the DePIN ecosystem
"How did NPC Labs, founded by former Coinbase employees, receive $21 million in funding?"
Infinex Airdrop Guide: The Safest Way to On-chain?
"What did Aerodrome do right that surpassed Uniswap on Base?"
"Jingwei led the $15 million financing, how Chainbase built the full-chain data interaction layer"
