BitWell Research Daily News (2022/7/26)

Binance CEO has filed a defamation lawsuit against Bloomberg, according to Watcher.Guru on social media. The lawsuit stems from Bloomberg Businessweek article on June 23 describing Changpeng Zhao (CZ), “Can Crypto’s Richest Man Survive the Winter? ”, but Modern Media changed the title of the Chinese version to “Changpeng Zhao’s Ponzi Scheme”.

Cryptocurrency exchange Coinbase is facing a U.S. investigation into whether it improperly allowed Americans to trade digital assets that should have been registered as securities, according to three insiders on July 26, 2022. The U.S. Securities and Exchange Commission (SEC) has seen an increase in scrutiny of the platform since Coinbase expanded the number of tokens it offers to trade, insiders said.

On July 26th, according to a statistical report from BitWell Research, the total liquidations in the past 24 hours comes in at 241 million US dollars due to the rapid decline in the price of encrypted assets , of which the liquidation of Bitcoin and Ethereumhas reached US$43.65 million and US$100 million respectively. The 24-hour trading volume of the BitWell perpetual contract BTC/USDT trading pair exceeded $700 million.

On July 25th, according to Tesla documents, the company made a gain of $64 million after selling 75% of its bitcoin holdings. In the first half of 2022, A $170 million impairment loss was recorded for the book value of its bitcoin holdings.. As of June 30, 2022, Tesla held a Bitcoin book value of $218 million.

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