Bitcoin Plummets Below $57,000, Experiencing a 6.51% Drop in 24 Hours: A Steep Descent

Hong Kong’s six Bitcoin and Ethereum spot ETFs traded approximately HKD 60.41 million today. Self-custody service provider Safeheron has launched a BTC L2 ecological asset management solution. BTC has surpassed $65,000. Paytm is restructuring its management team to develop payment and financial services. Tiger Securities has launched virtual asset trading services. Pandu Financial Group has received a strategic equity investment of tens of millions of HKD in its first round of funding, led by Long Leading Investment. Bitcoin L2 network Mezo TVL has exceeded $100 million. DWF Liquid Markets has launched trading pairs such as AXL and DECHAT. OKX Ventures has strategically invested in four products from Web3 incubator EVG. ApeCoin DAO has passed the proposal for the “NFT Launchpad supported by APE”. The Hong Kong Monetary Authority has initiated an industry consultation on renaming virtual banks as licensed digital banks. Hyperliquid L1 will transition to HyperBFT, with the mainnet migration expected to be completed in the coming weeks. Hong Kong Exchange: The total market value of Bitcoin and Ethereum futures ETFs in the first quarter reached HKD 1.2 billion, with a capital inflow of HKD 592 million. The total financing amount in the cryptocurrency market in April reached $1.02 billion, involving 161 financing events. The heir of Cartier jewelry was arrested for money laundering using USDT. ETC halving is expected in approximately 28 days. Gaoxin Wealth Management expects the Fed to cut interest rates two to three times in the second half of this year. Coinbase has hired former Los Angeles Mayor Antonio Villaraigosa as a policy advisor. Coinbase is facing a new class-action lawsuit for alleged investor fraud. The assets under management of three Hong Kong spot virtual asset ETFs exceeded HKD 2 billion in the first week, nearly twice that of futures ETFs. An address has sold a total of 677,197 FRIEND airdrops, with a profit of approximately $1.15 million. A whale has borrowed a total of 17 million USDT from Compound. Sui official: Mysten Labs founder does not control any tokens. Buffett: There are currently no attractive investment targets, and Berkshire Hathaway’s cash holdings may increase to $200 billion at the end of this quarter. Buffett: Berkshire’s main investments will always be in the United States. Buffett: There is no true alternative to US bonds or the US dollar. Dynamic modular service platform Crestal has completed a $2 million pre-seed financing round, with participation from MH Ventures, among others. Bitfinex CTO denies rumors of ransomware organization data leak. Jack Dorsey donates $21 million to non-profit organization OpenSats. Tesla’s website adds Dogecoin as a payment method. Sun Yuchen’s address deposits 120,000 eETH worth $376 million into Swell Network.