Musk holds Bitcoin, Ethereum and dogecoin. Is Musk the weather vane of the currency circle?

Space Exploration Technology owns Bitcoin, and elon musk and Nick Carter think BTC is becoming more environmentally friendly.

On July 2 1, elon musk, a supporter of dogecoin and a good friend of Bitcoin (BTC), revealed for the first time that his aerospace company, Space Exploration Technology, had an unknown number of bitcoins.

"I do own Bitcoin; Tesla owns bitcoin; Space Exploration Technologies owns Bitcoin, "he said.

Musk is in The? Word "(a virtual activity dedicated to Bitcoin), together with Twitter CEO Jack Dorsey and Ark Invest CEO Kathy Wood, the unstable technology billionaire hinted that Tesla is about to accept cryptocurrency for mining again. The proportion of renewable energy is increasing.

Earlier this year, Tesla entered Bitcoin at a price of $65.438+$50 million, which triggered a sharp rise in the price of Bitcoin. However, due to environmental problems, Tesla suspended the use of Bitcoin as a payment method in May, which seems to depress the price of Bitcoin, which has plummeted by about 40% in the past two months.

Now, after the mining ban, the hashing rate of coal-fired power in China is declining, and Musk seems to be warming up digital gold again. Musk has said that Tesla may re-enter the market after he conducts more "due diligence" on mining sustainability and confirms that it is supported by 50% or more renewable energy.

Some people want to know what kind of due diligence is needed and why he didn't do it before acquiring Tesla BTC for $654.38+$500 million.

Musk also revealed for the first time that he owned ETH, and not surprisingly reiterated his support for dogecoin inspired by memes.

"I personally do own some Ethereum, and of course dogecoin," he said.

In the second quarter, dogecoin's daily trading volume soared to nearly $1b.

Speaking of Musk's favorite cryptocurrency, the transaction volume in dogecoin increased by more than 13 times in the second quarter of 202 1 year, reaching nearly 1 billion dollars every day.

According to the data compiled and reported by Bitcoin Base, from April to June, the transaction volume of dogecoin soared by 65,438+0.250%, and the average daily turnover in this quarter was 995 million dollars.

In contrast, the average daily transaction volume of dogecoin in the first quarter of 20021was $74 million.

Although these figures are sure to cause hype in the eye-catching dogecoin community, the theme of the top dogecoin may be a sensitive topic in the Bitcoin base.

A bitcoin base user filed a class action lawsuit, demanding compensation of $5 million, because dogecoin's activities were suspected of misleading.

According to court documents, the plaintiff, David Suskie, said that he was cheated into trading $65,438+000 in dogecoin to participate in the lucky draw of $654,380+200,000 in Bitcoin base. According to the lawsuit, the Bitcoin base failed to convey that a person can participate in the lucky draw without buying $65,438+000 of dogecoin.

Ethereum must go beyond DeFi degraded DApp to innovate.

Vitalik Buterin, co-founder and chief developer of Ethereum, urged the Ethereum community to innovate beyond the scope of decentralized finance or DeFi.

On July 26th, Butrin described non-financial utilities as "the most interesting part of the overall vision of blockchain" when he delivered a keynote speech at the Ethereum Community Conference in Paris.

The 27-year-old outlined several non-financial applications of Ethereum, including decentralized social media, authentication and authentication, and the traceability of public goods funds.

The co-founder of Ethereum had a busy week. After giving a speech at the Ethereum Conference, he also appeared in the living rooms of ashton kutcher and mila kunis. Of course, he didn't break in without authorization, but appeared there as part of the Kunis ·NFT project "Drug Cat" propaganda.

Buterin gave a lengthy explanation of the basic components of Ethereum, and clarified the difference between smart contract protocol and "single-purpose" chains such as Bitcoin.

Grayscale turned its attention to the institutional DeFi Fund.

Although Buterin's vision goes beyond the decentralization of the financial sector, the digital asset management giant Grayscale is seeking exposure in this field.

On July 19, Gray CEO Michael Sonnenshein announced the launch of a new DeFi asset investment tool.

In an interview with Squawk Box, an American consumer news and business channel, the CEO chipped in and announced the DeFi Fund and Index Plan for Gray Scale. CEO Gray elaborated on the purpose of the new product, saying that the fund would provide institutional clients with exposure to DeFi assets such as Uniswap and Aave.

In the same week, Sonnenshein said that he thought that the first bitcoin exchange-traded fund (ETF) in the United States had only "a few mature points".

After repeatedly rejecting BTC ETF and 65,438+03 ETF applications in the past, Sonnenshein was not intimidated, and said that the company was "65,438+000% committed to" transforming its bitcoin product gray bitcoin trust into an ETF when conditions were right.

US lawmakers don't want Olympic athletes to use digital RMB in the 2022 Olympic Games.

Although it is reported that most Japanese citizens want to cancel the Olympic Games because of the fear of pandemic, the games are still going on.

However, the US government has begun to pay attention to the 2022 Beijing Winter Olympics. Three American senators signed a letter urging Olympic officials to ban American athletes from using digital RMB during the upcoming events earlier this week.

In a letter dated July 65438, 2009, addressed to Susan Lyon, President of the United States Olympic and Paralympic Games, * * * and its senators Martha Blackburn, roger wicker and Cynthia loomis (also BTC supporters) asked officials to prevent American athletes from using or accepting digital RMB.

Senators assert that athletes' use of the Bank of digital currency can be "tracked and tracked" by the People's Bank of China.

Senators said that the China administration recently introduced a new function of digital renminbi, which enables officials to "know the exact details of what someone bought and where they bought it".

Unfortunately, if Olympic officials approve this request, China will have to deploy other methods to track and track the American athletes entering the country.

Last weekend, the price of Bitcoin was $32,580, that of Ethereum was $2,070 and that of XRP was $0.60. The data shows that the total market value is 1.35 trillion US dollars.

Among the largest 65,438+000 cryptocurrencies, the top three counterfeit currencies this week are 26.82% of Telcoin(TEL), 26. 17% of SUSHI swap(SUSHI) and 23. 12% of Axie Infinity(AXS) respectively.

The three shanzhai stocks that fell the most this week were Mdex, THORChain and Theta, which fell by 25.55%, 65,438 and 65,438 respectively.

The most unforgettable quotations

Tesla CEO elon musk

Vitalik Butrin, co-founder of Ethereum.

Paxos, stable currency supplier

Damian Hurst, a world-famous contemporary artist

Gary Gensler, Chairman of the US Securities and Exchange Commission

Irakli Beridze, Director of the Center for Artificial Intelligence and Robotics of the United Nations Interregional Crime and Justice Research Institute.

Greg King, CEO of Osprey Fund

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