BitWell Research Daily Express(2022/7/17)

2 min readJul 17, 2022

Ethereum breaks through $1,300, rising over 12% in 24 hours

On July 17th, official data from BitWell showed that Ethereum broke through $1,300, with the highest price reaching 1,420.65, a 24-hour increase of 12.04%.

BitWell’s reply to netizens: Asset deposits and withdrawals are all normal, but the recent surge in registrations has slowed down the loading speed

On July 15th, some netizens inquired about the reasons for the slow loading speed of BitWell’s official website. The person in charge of BitWell replied on social media: There are many platforms that have experienced crisis recently, and users have the need to manage assets in a decentralized manner. BitWell has far more than 100% reserves. And it has the highest-level risk control system, resulting in a surge in registrations and visits. Currently, more servers are being deployed globally.

Big news! The 14th Five-Year Plan for Digital Economy Development in Shanghai, China: Support Web3.0 key technologies and explore the construction of NFT trading platforms

The notice of the General Office of the Shanghai Municipal People’s Government on Printing and Distributing the “14th Five-Year Plan for the Development of Shanghai’s Digital Economy” was released, which mentioned NFT, Metaverse, blockchain, etc. for many times, and supported leading companies to explore the construction of NFT trading platforms, etc. . BitWell will actively play the role of the underlying infrastructure of Web3.0 and promote the development of the crypto world.

Tesla will report second-quarter 2022 earnings on July 21

Tesla (Nasdaq: TSLA) announced that it will release its second quarter 2022 earnings report after the US stock market closes on July 20, Eastern Time (July 21, Beijing time). BitWell Research officially reminds that changes in Tesla’s positions in cryptocurrencies may cause market fluctuations, please pay attention to the risks.