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according to Dune, Polymarket's fee revenue exceeded 1 million USD last week, reaching 1.08 million USD, ranking first in prediction markets; Opinion's fee revenue was 878,000 USD last week, ranking second; Limitless Exchange's fee revenue was 147,000 USD last week, ranking third.

[Polymarket earned over $1 million in commissions last week, ranking first in the prediction market.]according to Dune, Polymarket's fee revenue exceeded 1 million USD last week, reaching 1.08 million USD, ranking first in prediction markets; Opinion's fee revenue was 878,000 USD last week, ranking second; Limitless Exchange's fee revenue was 147,000 USD last week, ranking third.

Polymarket earned over $1 million in commissions last week, ranking first in the prediction market.

HTX data showed that BTC fell below 70000  USDT and is now at 69994.97 USDT, with a decrease of 0.41% in 24H.

[BTC fell below 70000  USDT] HTX data showed that BTC fell below 70000  USDT and is now at 69994.97 USDT, with a decrease of 0.41% in 24H.

BTC fell below 70000  USDT

CoinBureau CEO Nic stated that Bitcoin has closed below the 100-week moving average for the third consecutive week. Currently, the price has been below the long-term trend line for 13 consecutive days. According to historical data, after BTC breaks below the long-term trend line, it stays below this level for an average of 267 days. The shortest period was 34 days during the COVID-19 pandemic. Therefore, based on historical experience, the market is more likely to remain low for a longer time. A quick rebound is still possible, but the longer Bitcoin stays low, the less likely this possibility becomes.

[Opinion: Bitcoin has been below its 100-week moving average for 13 consecutive days, while the historical average is 267 days.]CoinBureau CEO Nic stated that Bitcoin has closed below the 100-week moving average for the third consecutive week. Currently, the price has been below the long-term trend line for 13 consecutive days. According to historical data, after BTC breaks below the long-term trend line, it stays below this level for an average of 267 days. The shortest period was 34 days during the COVID-19 pandemic. Therefore, based on historical experience, the market is more likely to remain low for a longer time. A quick rebound is still possible, but the longer Bitcoin stays low, the less likely this possibility becomes.

Opinion: Bitcoin has been below its 100-week moving average for 13 consecutive days, while the historical average is 267 days.

Dragonfly managing partner Haseeb posted on the X platform refuting a16z partner Chris Dixon. He stated: Most non-financial crypto use cases have not passed market demand verification and are not affected by regulation or industry scandals. If regulation and fraud were obstacles to the large-scale development of the crypto industry, then financial crypto use cases, which face stronger regulatory pressure and more frequent fraud, should also fail, but the opposite is true. Currently, almost all large-scale implemented crypto applications have financial attributes, including Bitcoin, stablecoins, programmable money, DeFi, prediction markets, NFTs, and RWA. In the past, a large amount of capital and talent explored Web3 consumer scenarios, but market demand did not materialize. In fact, the crypto industry does not need to rely on narratives such as "it will definitely disrupt gaming and media in the future"; the innovation potential in the financial sector alone is enough to support the industry's long-term growth.

[Dragonfly's managing partner refutes a16z's partner: Strong regulation does not help scale crypto; the core application lies in financial use cases.]Dragonfly managing partner Haseeb posted on the X platform refuting a16z partner Chris Dixon. He stated: Most non-financial crypto use cases have not passed market demand verification and are not affected by regulation or industry scandals. If regulation and fraud were obstacles to the large-scale development of the crypto industry, then financial crypto use cases, which face stronger regulatory pressure and more frequent fraud, should also fail, but the opposite is true. Currently, almost all large-scale implemented crypto applications have financial attributes, including Bitcoin, stablecoins, programmable money, DeFi, prediction markets, NFTs, and RWA. In the past, a large amount of capital and talent explored Web3 consumer scenarios, but market demand did not materialize. In fact, the crypto industry does not need to rely on narratives such as "it will definitely disrupt gaming and media in the future"; the innovation potential in the financial sector alone is enough to support the industry's long-term growth.

Dragonfly's managing partner refutes a16z's partner: Strong regulation does not help scale crypto; the core application lies in financial use cases.

check Surges 21.77% in 24H, Currently at 0.07316 USDT

【check currently trades at 0.07316 USDT, up 21.77% in 24h, according to HTX market data.】check Surges 21.77% in 24H, Currently at 0.07316 USDT

check currently trades at 0.07316 USDT, up 21.77% in 24h, according to HTX market data.

According to SoSoValue data, the US spot Ethereum ETF had a net outflow of 166 million USD last week, marking three consecutive weeks of net outflows.

[The US spot Ethereum ETF saw a net outflow of $166 million last week, marking the third consecutive week of net outflows.]According to SoSoValue data, the US spot Ethereum ETF had a net outflow of 166 million USD last week, marking three consecutive weeks of net outflows.

The US spot Ethereum ETF saw a net outflow of $166 million last week, marking the third consecutive week of net outflows.

according to China Foreign Exchange Trade System quotes, the onshore RMB has risen above the 6.93 level against the US dollar. (Jin10)

[The onshore yuan rose above the 6.93 level against the US dollar.]according to China Foreign Exchange Trade System quotes, the onshore RMB has risen above the 6.93 level against the US dollar. (Jin10)

The onshore yuan rose above the 6.93 level against the US dollar.

&nbsp;Veda Content Director Kate Irwin tweeted that "community" is the most abused term in the crypto space, as simply a group of strangers buying the same thing cannot be called a community. If everyone only wants to make money from you, then it is not a community. More accurately, they are a group of "investors," "gamblers," or "collectors."

[Kate Irwin: "Community" is the most misused word in the crypto space.]&nbsp;Veda Content Director Kate Irwin tweeted that "community" is the most abused term in the crypto space, as simply a group of strangers buying the same thing cannot be called a community. If everyone only wants to make money from you, then it is not a community. More accurately, they are a group of "investors," "gamblers," or "collectors."

Kate Irwin: "Community" is the most misused word in the crypto space.

Bitcoin Fear and Greed Index is 14. Extreme Fear.
Current Price: $71044.87.

[Bitcoin Fear and Greed Index is 14]Bitcoin Fear and Greed Index is 14. Extreme Fear.
Current Price: $71044.87.

Bitcoin Fear and Greed Index is 14

U.S. Senators today sent another letter to investment giant Fidelity Investments, warning it against offering Bitcoin to its customers following the collapse of crypto exchange FTX.
Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota and Richard Durbin of Illinois all signed the letter asking Fidelity to scrap its 401(k) Bitcoin plan. 
Today’s letter added that the U.S. was “already in a retirement security crisis” which “should not be made worse by exposing retirement savings to unnecessary risk.”

Detail

【Lawmakers urge Fidelity to drop Bitcoin retirement plan after FTX crash】U.S. Senators today sent another letter to investment giant Fidelity Investments, warning it against offering Bitcoin to its customers following the collapse of crypto exchange FTX.
Senators Elizabeth Warren of Massachusetts, Tina Smith of Minnesota and Richard Durbin of Illinois all signed the letter asking Fidelity to scrap its 401(k) Bitcoin plan. 
Today’s letter added that the U.S. was “already in a retirement security crisis” which “should not be made worse by exposing retirement savings to unnecessary risk.”

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Article

Lawmakers urge Fidelity to drop Bitcoin retirement plan after FTX crash

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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