BTC breaks through the $111000 mark

[U.S. Treasury Secretary Says Trump Is Correct in Criticizing the Fed's Slow Actions] U.S. Treasury Secretary Besent stated that economic policies will not be adjusted based on single data points, but employment data shows that Trump's criticism of the Federal Reserve's slow actions is correct. Revised 2024 job positions may decrease by 800,000.

[Report: Crypto Market May Continue to Slow Down in September] Binance Research released a report stating that the total market capitalization of the crypto market fell by 1.7% in August, with Bitcoin's dominance dropping to 57.3% and Ethereum rising to 14.2%. Historical data shows that the crypto market typically performs weakly in September. Even if the Federal Reserve cuts interest rates, the short-term slowdown trend may persist.

OKX-SPX is currently priced at $1.18, with a 24-hour increase of 6.31%. 24-hour transaction volume of 45.14 million US dollars, a decrease of 51.8%, for reference only

According to the data of major single orders in the past 12 hours, the net outflow of the main force was 44.92 million US dollars, with a buy sell ratio of 1:1.19. The main force showed a clear willingness to short. Although there were multiple major buy orders during this period, such as the $13.38 million transaction at 17:11, the overall selling pressure was heavier, with the maximum sell order amount reaching $12.81 million. The flow of funds indicates that despite some bottom fishing activities, the main force is more inclined to sell at high levels. The current 2-hour cycle K-line shows a red three soldier pattern, with prices above the EMA24/52 moving average, indicating a strong bullish signal on the surface. However, the trading volume has shrunk to 29.82% of the average level, and the trading activity has significantly decreased, indicating that the upward momentum may be difficult to sustain. By opening a membership, you can track the main trends in real time and capture key buying and selling points! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

[Caixin: Industry insiders say stablecoins used as value transfer tools for cross-border payments require a Hong Kong Customs MSO license] Odaily Planet Daily reports that in the first half of the year, the rapid development of stablecoins globally has led many to believe that stablecoins bring more possibilities for the internationalization of the RMB. With Hong Kong's 'Stablecoin Ordinance' set to take effect on August 1, 2025, discussions about using RMB stablecoins to counter U.S. dollar hegemony have been ongoing. A Hong Kong-based blockchain technology practitioner in cross-border trade stated that, according to relevant Hong Kong regulations, if stablecoins are used as value transfer tools for cross-border payments, the functions of converting stablecoins to fiat currency or remittance fall under Money Service as defined by the 'Anti-Money Laundering Ordinance,' requiring an MSO (Money Service Operator) license issued by Hong Kong Customs. (Caixin)