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- 00:28Bitwise CIO: Retail investor selling is nearing "exhaustion," bitcoin's bottom may be approachingAccording to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan stated that although bitcoin has fallen below $100,000, hitting a new low since June and sparking concerns about a "crypto winter," he believes the current market is closer to a bottom rather than the start of a new long-term bear market. Matt Hougan said that retail investors are currently in an "extreme despair" phase, with frequent leveraged liquidations and market sentiment hitting new lows; however, institutional investors and financial advisors remain bullish and continue to allocate to bitcoin and other crypto assets through ETF channels. He pointed out that institutions are becoming the main driving force in the market. Matt Hougan stated that retail crypto investors' selling is nearing "exhaustion," and he believes the bottom for bitcoin's price is about to appear, possibly sooner than expected. He believes bitcoin still has a chance to reach new highs this year, with prices possibly rising to the $125,000 to $130,000 range, and if the trend is ideal, it could even reach $150,000. Hougan believes that as institutional buying continues to grow, the next phase of the crypto market will be driven by more rational capital.
- 00:28Data: "7 Siblings" accumulated nearly 38,000 ETH purchases over two days, worth approximately $130 millionsChainCatcher news, according to monitoring by Onchain Lens, the mysterious entity "7 Siblings" has once again borrowed 61,000,000 USDC to purchase approximately 18,000 ETH. In the past two days, they have cumulatively invested about 133.49 millions USDC, buying a total of approximately 37,971 ETH, with an average purchase price of around 3,515 USD.
- 00:28Franklin Templeton submits updated XRP ETF S-1 filing, aiming for launch within this monthChainCatcher News, Bloomberg analyst James Seyffart stated that Franklin Templeton has submitted an updated S-1 filing for the XRP ETF, shortening the content of the 8(a) clause, with the goal of launching within this month.