Bitcoin Surpasses $120,000

On July 23rd, as per Cointelegraph, Arthur Hayes, the co-founder of BitMEX, declared that by the end of this year, Bitcoin will reach $250,000 and Ethereum will reach $10,000. He further mentioned that Trump's wartime economic policies have caused a credit expansion to flow into cryptocurrencies, with stablecoin issuers purchasing Treasury bonds to offset government deficits. It is worth noting that on May 30th of this year, Arthur Hayes believed that Ethereum could rise to $5,000 this year. On July 3rd, Arthur Hayes wrote, "From now until Jerome Powell delivers a speech at the Jackson Hole Fed meeting in August, the market will consolidate at a slightly lower level. If it is proven that the TGA refill is detrimental to USD liquidity, the downside is between $90,000 and $95,000. If the refill is proven to be inconsequential, Bitcoin will remain around $100,000 and will not exceed the historical high of $112,000."

On July 23rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address which "averaged $10,708 four years ago and accumulated 1074 WBTC" is said to have sold 300 WBTC 9 hours ago, with a value of $35.62 million. During the past 4 days, a total of 1000 BTC has been sold, with a total value of $1.18 billion, an average selling price of $118,011, and a profit of $1.07 billion.

On July 23rd, the Nikkei 225 Index continued to rise, exceeding 41,000 points and seeing an intraday increase of over 3%. The USD/JPY pair witnessed a short-term increase of up to 60 pips, reaching above 147, with the highest reaching 147.14 and an intraday increase of 0.26%. According to Japan's "Daily News", Japanese Prime Minister Shizo Abe will announce his resignation at the end of August. (Kinli)

July 23rd. According to the data from the Korean media Pulse on Monday, by Monday, Upbit, Bithumb, Coinone, Korbit, and Gopax have jointly listed 229 cryptocurrencies this year. This figure accounts for 85.44% of the total 268 listings in 2024. Among them, both Upbit and Bithumb have exceeded the total number of listings from the previous year, with Upbit listing 37 coins and Bithumb listing 84 coins respectively.

On July 23rd, according to CoinGecko data, in the previous 24 hours, Upbit, the largest exchange in South Korea, had a trading volume of 6.334 billion US dollars, with a daily increase of 2.3%. Among them, the STRIKE/KRW trading pair accounted for 23.92% of the trading volume and ranked first in the Korean won market. The remaining top five were: XRP, PENGU, SOL, and ETH.

July 23rd. Today marks the 4-year anniversary of the fair launch of the Pudgy Penguins NFT series. At that time, each "Pudgy Penguin" NFT was priced at 0.03 ETH. Given that ETH was trading around $2100 at that time, the cost of a single "Pudgy Penguin" NFT was only $63. As of now, the floor price of a single "Pudgy Penguin" NFT is 15.97 ETH, approximately $59,700, not including the airdrop gains from LilPudgys and PENGU tokens. This indicates a 94780% increase from the initial investment price.