📰 BlockBeats Latest News Summary

1. Zcash miner Fortitude receives a $50 million credit line from its parent company DCG; the funds will be used to expand mining rigs and data centers

2. Cantor Fitzgerald initiates a buy/increase rating for Securitize, with a target price of $21.2

3. A whale entity withdrew 31,979 ETH after a sharp drop last night, with an average price of $2,679

4. Variational releases tokenomics: the genesis airdrop accounts for 32%, with an expected TGE in Q4

5. A well-known trader: in the last bull run, the largest drawdown before Bitcoin’s ATH was 22%; this drawdown this cycle should not exceed 15%

6. Bankless co-founder: ZEC is similar to ETH in 2021; BTC and ETH are unlikely to grow 10x again

7. Over the past 12 hours, liquidations across the entire network totaled nearly $400 million; Bitcoin derivatives trading congestion has eased for the moment

8. In the past 24 hours, Hyperliquid has burned over 34,000 HYPE tokens, worth about $3.26 million

9. After the Bitcoin pullback, market sentiment remains relatively stable; the fear index is still at 71, in the “greed” zone

10. KB Securities and Securitize, Optimism partner to advance tokenized securities for Korean institutions

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