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What happened last night on the crypto market?
• China has officially banned trading, mining, and all services related to cryptocurrencies.
• The Chinese mining pool Lubian was hacked in 2021, with a theft of 127,426 BTC, worth nearly $15 billion at current prices.
• Yesterday, Bitcoin ETFs saw more than $800 million in net outflows, their largest daily withdrawal since February.
• 125 million dollars were liquidated on the cryptocurrency market in one hour
• Tom Lee believes that Bitcoin could reach 500,000 dollars within five years and considers this forecast "conservative".
• The first American staking ETF on Solana ($SSK) has reached $143.7 million in assets under management in one month.
• Fifteen thousand eight hundred twenty-two ETH ( approximately 53.8 million dollars ) have been transferred from an unknown wallet to Galaxy Digital
• The monthly trading volume on platforms reached $1.77 trillion in July, an unprecedented level since last February.
• Bitcoin has stayed above 100,000 dollars for forty consecutive days and above 110,000 dollars for twenty-four days.
• According to the CEO of VanEck, "Bitcoin is digital gold"