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Plain Language Blockchain Morning Report: QCP indicates that the recent pullback in the crypto market is relatively healthy, and the overall rise trend will not be affected.
1.QCP: The recent pullback in the crypto market is relatively healthy, and the overall pump trend will not be affected;
JPMorgan believes that stablecoins will experience exponential growth, and Ethereum is adapting to this trend.
In the past 7 days, the NFT trading volume has increased by 30% to $173 million, with both the number of buyers and sellers rising by over 160%;
The Ethereum Foundation associated wallet sold 7,294 ETH in 3 days, worth approximately 33.25 million USD;
The total holdings of Ethereum Reserve Company and various ETFs have exceeded 10 million coins.
Canary Capital CEO: Bitcoin will reach $140,000 to $150,000 this year, and Ethereum will not hit a new high;
The Bitcoin reserve company BSTR is preparing to merge and go public with CEPO, having already held over 30,000 BTC.
S&P Dow Jones is in talks to introduce tokenized indices to trading platforms and DeFi;
This week, the net inflow of the US spot Ethereum ETF reached $2.8521 billion.