Virtual currency market analysis [September 2]
Bitcoin, which had fallen to around 107,000 dollars up until recently, rebounded today and has again recovered to the 110,000-dollar level.
However, August 15 during Obon is the highest price, and since then it has staged a step-down, lowering highs and lows. The current level is similar to July this year.
The orange line, the 200-day moving average, is an indicator that represents the trend, but it is gradually approaching.
In recent news, large investors who hold a lot of Bitcoin have sold Bitcoin to buy Ethereum, among other things.
Also, recently Bitcoin ETF purchases have decreased, and it is assumed that part of the funds have flowed into Ethereum as well.
Next, Ethereum, like Bitcoin, has gradually declined from the end of August, but looking at the 200-day moving average, it remains considerably higher than Bitcoin.
This can be seen as Ethereum being more resilient than Bitcoin.
Regarding Ethereum ETF inflows, July was the peak month, and last month August was the second-highest month.
In that regard, Ethereum continues to trade at high price levels.
In April, it is unbelievable to say, but personally I am surprised that Ethereum has recovered this much.
With the US Stablecoin bill as a trigger, Ethereum is in a major trend.
◯ Outlook from CZ
CZ shares views at the CryptoFi Forum in Hong Kong
- Stablecoins: a means of dollar penetration
- RWA tokenization: regulatory and liquidity challenges
- DEX: potential to surpass centralized exchanges in the long term
- DAT: bridge between traditional capital and crypto
- AI × Web3: great potential in the early stages
AI note: CZ points out that institutional investor participation will bring BTC close to all-time highs
ーーーー Crypto AI Translation News
When we think of CZ, he is one of the wealthiest people and co-founder of the world’s largest exchange, Binance. The topics above are current main topics; from this perspective, you can see the big trend in cryptocurrencies. It would be important to monitor assets related to these topics.
◯ Trump's son releases WLFI currency
Donald Trump Jr., the eldest son of Trump and co-founder of World LiOOOOO Financial, announced the launch of the WLFI token on a social platform. He emphasizes that this is a pillar of ecosystem governance that will transform fund flows and convey the ideals of freedom, finance, and America-first policy.ーーーー
This currency is named after the company.
In the first sale it sold for $0.05, and in the second sale it was $0.15. The release recorded a peak of $0.35, temporarily a 20-fold increase from the first sale.
As expected, it has attracted attention because of Trump.
Given the current market conditions, I don't think it will continue to surge, but today it was buzzing due to this listing.
WLFI has been released on major exchanges such as Coinbase, etc.
I’m not very good at timing listings, so I will consider it if there is a significant drop.
◯ Harvard University moves toward Bitcoin purchases
Capital inflows into crypto assets via exchange-traded funds (ETFs) continue. The cumulative inflow into ETFs that include physical Bitcoin has reached about $18.8 billion (about 2.7 trillion yen) since the start of the year, matching the pace of 2024 in its first year of listing. Holdings by leading institutions like Harvard University have become clear. From a long-term, diversified investment perspective, there is a movement to experimentally include it in portfolios.
ーーーー Japanese Economic Newspaper
◯ Sharp Technology moves toward SOL financial strategy
Sharp Technologies announced that private placements of common stock and merger-type warrants have been completed, with total proceeds exceeding $400 million and plans to raise an additional $600 million through warrant exercises, bringing total funding to about $1 billion. The new funds will be used to support the launch of digital asset treasury strategy, with major holdings in the native digital asset of the Solana blockchain, SOL.
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Quite aggressive. This is the DAT (digital asset treasury) movement that CZ mentioned in articles.
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(This article has been distributed since 2016)
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