BluePeonyCalmingAgent

$NEAR slides below the key level and formed a falling wedge pattern.
It is now approaching the same area as resistance again. Short-selling can be taken upon rejection from the level.
#NEAR #GateRanksTop6GlobalCEX #GateReserveRatio117%

According to Bijie.com news, on July 16, the Financial Services Commission of South Korea announced a revised draft of the “Special Act on the Enforcement Regulations for Preventing Telecommunication Financial Fraud and Returning Victim Funds.” The plan is to include phone scam funds transferred into crypto assets within the scope of victim compensation, and to clearly define the standards for the return and valuation of crypto assets. The relevant provisions are expected to officially take effect on October 1.

Coin World News: The Ukrainian military said it has hit 18 Russian vessels and also struck the Russian Ilisky oil refinery and the oil port in Taganrog, Russia.

CoinJie News: Tether is preparing to natively issue USDT on the Bitcoin network based on the RGB v0.11.1 protocol, with Utexo handling commercial issuance and distribution. Utexo co-founder Viktor Ihnatiuk said the company has received support from Tether and is responsible for driving the rollout of native Bitcoin USDT. The RGB protocol uses client-side validation and combines with the Lightning Network to enable instant, low-cost, and private USDT transactions. In the future, users will be able to hold USDT directly through native Bitcoin addresses and complete sending and receiving with Lightning Network wallets that support RGB. Utexo is deeply integrated with Tether, and users can convert USDT between different public chains through its cross-chain bridge.

Coin World News: Michael Saylor said that about 100 million people gained Bitcoin exposure through MSTR common stock, and MSTR has become the largest stock issuer in the United States.

CoinWorld News, Japan's top foreign exchange official Atsushi Mimura stated that the foreign exchange market intervention Japan implemented over the past two months to support the yen has been successful and has received support from some U.S. officials. He pointed out that judging from market trends, the intervention was clearly meaningful and said that the United States has never opposed Japan's approach, but instead has expressed some supportive remarks. When Mimura spoke, the yen fell to a 40-year low against the U.S. dollar, increasing the risk of inflation in Japan. He emphasized that communication with Washington has been frequent, saying that the frequency of contact with the other side is much higher than outsiders imagine.

币界网报道，周五105亿美元季度期权到期临近，BTC波动率显得相对便宜。Deribit DVOL显示30天年化波动率为41.5%，虽低于2月峰值但未到5月低点。Deribit首席商务官Péquignot表示波动率历史上偏便宜但非火售，看涨波动率显著低于看跌，解释了看涨价差更具吸引力。到期被视为年度最重要流动性事件之一；最近买跌获利，买涨者处于亏损。

CryptoWorld News reports that local officials stated that the Russian attack resulted in the death of three people in Kryvyi Rih, Ukraine.

BREAKING: Fed Chair Kevin Warsh announces that the Fed has "dropped" forward guidance.
"Forward guidance is not the business we should be in," he says.
#fed #warsh #fomc

U.S. manufacturing in May once again stalled after four consecutive months of growth, weighed down by supply chain disruptions and rising costs triggered by the Iran conflict. Monthly industrial output remained essentially flat, with utilities and mining industries growing slightly by 0.1%. Earlier surveys indicated that manufacturing demand rebounded due to the war, with increases in defense orders and data center construction, but the impact of rising costs has begun to show. Another report showed that the Producer Price Index (PPI) in May reached a year-over-year high not seen since 2022. Durable and non-durable goods diverged, with non-durable goods declining, while data center-related industries, along with computers, electronic equipment, and machinery, continued to expand.

CryptoWorld News reports that Amy Oldenburg of Morgan Stanley stated that the bank now allows clients to apply for loans using assets held in their spot Bitcoin ETF.

According to a report by Coin World, Nemil Dalal of Y Combinator said that cryptocurrency is not just a product used by a small number of traders; it is used in almost every country, and users may not even realize it.

CryptoWorld News reports that CryptoNews has sparked widespread interest in the ongoing duration of the current cryptocurrency bear market. Bitcoin has dropped by about 22% since the start of the year, Ethereum is down nearly 29% within a single quarter, the Fear and Greed Index has fallen to 13, and many altcoins such as Cardano are at six-year lows. Historical data shows that cryptocurrency bear markets typically last 8 to 12 months, and analysts believe the current cycle is already more than halfway through. They expect a possible recovery in 2026. However, history is only a reference—the structure of the current cycle is different from the past, and this decline could be shortened or extended.

CryptoWorld News reports that, according to Israel’s N12 channel, Israel’s Finance Minister Bezalel Smotrich is expected to urge the Security Cabinet to focus Israel’s response on Lebanon rather than Iran, believing that whenever Iran launches a missile, Israel should destroy dozens of buildings in the Beirut Dahiyeh area. Smotrich said that such a response would be easier and more effective, able to pressure Hezbollah to prompt Iran to stop its actions, and, if necessary, preserve Israel’s ability to carry out a larger-scale strike against Iran.