Four Gates Cryptocurrency

It's worth noting that Bitcoin's weekly Relative Strength Index (RSI) fell below 30 on June 13th, entering "oversold" territory for the first time since December 2018. At that time, Bitcoin ended its strong rebound that month, followed by a surge of over 340% to $14,000 in the next six months. Anoth…

The European Central Bank raised interest rates by 50 basis points, its first increase in 11 years, exceeding previous expectations of a 25 basis point hike. This indicates that inflation in Europe has reached alarming levels. Although the economic situation is dire, raising interest rates is necess…

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For members of the Bored Ape Yacht Club, ApeFest is perhaps the most anticipated event, a unique annual festival for BAYC and MAYC holders. First held last year, this year's ApeFest 2022 is even bigger, featuring star performers including Eminem, Snoop Dogg, Lil Wayne, Haim, and The Roots. In additi…

Further analysis reveals that Shrimp users are increasing their balances at a rate of 60,460 bitcoins per month, creating the most aggressive pace in history. This equates to 0.32% of the monthly circulating supply. Interestingly, this rate of balance expansion surpasses the previous record set in D…

As a decentralized stablecoin on the Ethereum mainnet, GHO will be created by users (or borrowers). Similar to all borrowing on the Aave protocol, users must provide collateral (at a specific collateral ratio) to mint GHO. Accordingly, when a user repays their loan (or is liquidated), the GHO protoc…

Exchange Kucoin reported 9.75 million new registered users since 2022, a rate that surprised many. Kucoin is considered a top-tier second-tier exchange, yet it has so many new users. One can only imagine how many more Binance and FTX have added (Binance IDs show over 100 million new users this year)…

Sequoia China has raised $9 billion for four funds focused on investing in tech startups. The fund was oversubscribed again, with investors including various overseas funds. This is likely the largest tech fund in China, demonstrating both the growing attention on the Chinese tech market and Sequoia…

The crypto market has recently entered a bear market along with the US stock market, and ProShares has followed suit. After launching the Bitcoin Futures ETF (BITO), it launched the Bitcoin Short ETF (BITI) on June 21 this year. This Bitcoin Short ETF has now become the second largest Bitcoin-relate…

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The recent problems faced by several cryptocurrency companies could trigger a ripple effect across the entire industry. Crypto hedge fund Three Arrows Capital has defaulted on approximately $670 million, the resumption of withdrawals for cryptocurrency lending platform Celsius Network remains uncert…

With the rapid development of corporate asset allocation, spot ETFs, and capital market products, Bitcoin's connection with the traditional financial system is deepening, leading to increasingly fierce debates between different camps regarding its future direction. Some supporters believe that Bitco…

Several mainstream ZK-Rollup scaling public chains have been found to have underlying vulnerabilities in their zero-knowledge proof algorithms. Some of these vulnerabilities allow hackers to forge proofs and illegally transfer on-chain assets. zkSync and StarkNet have both temporarily suspended some…

In the past four months, the Ethereum Foundation has lost eight core R&D members, covering key positions in protocol cryptography, underlying upgrades, and governance research. This talent drain, coupled with a continued price correction, has forced a delay in the rollout of the Ethereum Pectra upgr…

The Kenya Capital Markets Authority has raised the registration fee for crypto service provider licenses to $500,000, along with a hefty annual review fee. Small and medium-sized platforms unable to afford these fees are unable to renew their licenses. Following the implementation of the new regulat…