The National Police Agency of South Korea will hold a virtual asset exchange working meeting with the five major domestic cryptocurrency exchanges and Binance today. Through this meeting, the police plan to establish a system that allows users to check virtual asset wallet addresses and request the right to freeze funds on the five major Korean exchanges and Binance. The police are promoting the system so that it can be applied to the overseas virtual asset exchange Binance. In addition, the progress of the virtual asset exchange confirmation system and the reorganization of the hotline (a dedicated contact network for the police) will be discussed. The police plan to expand the exchange confirmation system to all 36 domestic exchanges, including the five major exchanges. South Korea is really crazy about cryptocurrencies. The country supports it and the people love it. In particular, the Korean bangzi pulls the plate really well, even if it is brainless. Although Luna failed, it was once glorious. In fact, if you can buy a good Korean project, you can also make a fortune.
Important news overview:
1. U.S. congressmen confirmed that the Bitcoin mining consumption tax plan has been canceled;
2. Russia abandons plans to create a national cryptocurrency exchange;
3. Jimbos Protocol: If the hacker returns 90% of the funds, the investigation will be abandoned:
4. South Korean court sentences civil servant to prison for misappropriating public funds to buy cryptocurrencies;
5. The Bank of Japan confirms that it has launched a CBDC pilot project:
6. Laos prioritizes blockchain technology for digital transformation:
7. A whale took out all the MATIC stakes worth more than $30 million;
8. Optimism institutional investors will unlock 73 million OP this Wednesday, and the current floating profit has exceeded 6 times:
9. Binance NFT Market launches NFTVIP program.
BTC：
Bitcoin rose well yesterday, and then fell back a bit, which was a retracement to the double bottom neckline. Moreover, Bitcoin has stabilized above the 120-day moving average, and the situation is still firmly controlled by the bulls. As long as there is a short-term retracement, Hua Ge believes that it is an opportunity for those who have not gotten on the train. It is recommended to continue holding the currency above the 120-day moving average and wait for an outbreak.
eth:
Ethereum's trend is stronger than the broader market, and the moving average has shown signs of rising. Bulls are gradually gaining momentum, and it is expected to maintain a volatile upward trend for a period of time.
XRP：
XRP is in line with expectations and its performance is stronger than the market. The bullish trend has emerged, so be patient and hold the currency.
ARB：
arb retraced to confirm the platform support, and it is likely to fluctuate upward. It is recommended to hold the currency.
ON:
OP Hua Ge has been reminding people to avoid it these days. Tomorrow, tokens worth 255 million US dollars will be unlocked, and it is expected to weaken further. Please continue to wait and see.
Platform Coin:
BGB's short-term rebound can be cashed in batches, and a portion of the position can be left above 0.43 to hold the currency.
Wealth code:
The rdnt stop loss is set at 0.283. The double bottom has not yet broken out, so be more patient.
The trend of ckb is good, you can ambush with small capital, with stop loss at 0.00325 and take profit at 0.00444.
The above analysis is for reference only and does not constitute investment advice!
