News

According to ChainCatcher, QCP Capital analysis indicates that BTC's decline deepened last week, falling 27% from its all-time high and almost erasing all gains made this year. BTC broke below the 50-week moving average and, for the first time since May 4, closed the week below 100 thousands dollars, bringing a more cautious sentiment to the digital asset market. On the technical side, BTC is currently hovering above the key support level of 92 thousands dollars, which served as strong support in the fourth quarter of last year and the first quarter of this year. The 92 thousands dollars area also coincides with an unfilled CME gap, and testing this level could trigger a short-term technical rebound. However, heavy overhead supply may limit the strength of any rebound.

ChainCatcher News, according to the South China Morning Post, Ant International has signed a strategic cooperation memorandum with UBS, and the two parties will cooperate in the field of blockchain cross-border payment and settlement. According to the agreement, Ant International will use the blockchain payment platform UBS Digital Cash, launched by UBS last year, for global fund management operations to improve efficiency, transparency, and security. The two parties will also explore joint innovation in tokenized deposits, including a "connection solution" involving Ant's proprietary blockchain platform Whale. Kelvin Li, Global General Manager of Platform Technology at Ant International, stated that both parties share a belief in the potential of these technologies to transform cross-border payments.