What Happened Last Night... August 11th Cryptocurrency Morning News

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출처=블록스트리트 정하연 기자
Source = Block Street Reporter Jung Ha-yeon
1. Vitalik Buterin Reclaims Billionaire Title with Ethereum Crossing $4,200
As Ethereum (ETH) surpassed $4,000 on the 10th, Vitalik Buterin, the founder of Ethereum, recorded a net worth of $1.04 billion (approximately 1.4472 trillion won). On-chain analysis platform Arkham Intelligence reported on the 10th that Buterin owns about 240,042 Ethereum, reclaiming his billionaire status.

2. White House Crypto Committee Chairman Bo Hines Suddenly Resigns
Bo Hines, Chairman of the White House Cryptocurrency Committee, announced his resignation on the 9th. Hines stated that he is resigning to return to the private sector. Patrick Witt, who has been serving as vice chairman, is likely to fill the vacant position of White House Cryptocurrency Committee Chairman.

3. Ract Capital: "Bitcoin Has Potential to Surpass $120,000"
Crypto expert Ract Capital argued that Bitcoin (BTC) could break through $120,000 in the short term, based on short betting positions in the futures market and Bitcoin's chart. On the 10th, Ract Capital noted that short betting amounts in the futures market reached about $18 billion, suggesting a potential short-term decline if Bitcoin rises by 10%. They further stated that the liquidation volume would serve as fuel for Bitcoin's rise, predicting Bitcoin could surpass $120,000 in the short term.

Reporter Kwon Seung-won ksw@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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