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Stay up to date on the latest crypto trends with our expert, in-depth coverage.

The real damage caused by a portfolio crash is not just financial loss, but also the destruction of confidence.


The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.

From getting rich by holding coins to selling coins to repair watches, the capital market is no longer unconditionally rewarding the narrative of simply holding tokens.

Liquidity is the key factor influencing the current performance of the crypto market.
- 03:35Bitcoin price has fallen below the 365-day moving averageJinse Finance reported that CryptoQuant.com posted on the X platform stating that the price of bitcoin has fallen below its 365-day moving average ($102,000), which is a key technical and psychological support level. The last time it broke below this level was at the beginning of the 2022 bear market. If the price fails to reclaim this moving average, data shows that the next support level may be around $7,200, which is close to the traders' lowest realized price range.
- 03:35Court Dismisses Prisoner's $354 Million Bitcoin ClaimChainCatcher news, according to Decrypt, the U.S. federal appeals court on Tuesday dismissed a lawsuit by Florida man Michael Prime, who attempted to recover more than $354 million worth of bitcoin. Prime claimed that these bitcoins were stored on a hard drive that was destroyed by authorities in 2019 when he was arrested for forgery and identity theft. The court ruled that Prime waited too long to file his claim, and that he had repeatedly told investigators, probation officers, and judges early on that he held little to no cryptocurrency, which contradicted his later claim of owning "nearly 3,443 bitcoins." Federal agents ended their search for the bitcoin based on his earlier statements and subsequently destroyed the devices, including the orange hard drive in question. Prime was sentenced to more than five years in prison in 2020.
- 03:25Google in Talks to Increase Investment in Anthropic, Valuation May Exceed $350 BillionJinse Finance reported that Google is in preliminary talks with artificial intelligence company Anthropic, planning to further increase its investment. According to sources, the new round of financing could push Anthropic's valuation above 350 billions USD. The deal may include strategic investment (with Google providing more cloud computing services to Anthropic), convertible bonds, or a new round of priced financing to be launched early next year. The New York Times cited legal documents in March this year, reporting that Google has already invested over 3 billions USD in Anthropic, holding about 14% of its shares. The latest negotiations come as Anthropic and its main competitor OpenAI are engaged in a multi-trillion-dollar competition for dominance in generative artificial intelligence models. Meanwhile, tech giants are forming alliances: Amazon and Google are supporting Anthropic, while Microsoft and Nvidia have invested billions of dollars in OpenAI. (Golden Ten Data)
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