Thomas Jordan, Chairman of the Swiss National Bank (SNB), expressed doubts about the prospect of the Swiss central bank buying bitcoin at the annual shareholder meeting on Friday. Jordan pointed out that adding bitcoin to the Swiss National Bank's reserve assets (including gold, foreign currency, bonds and stocks) could have potential negative effects, such as increased carbon emissions. He then emphasized the energy consumption associated with bitcoin mining and trading. We have not yet decided to invest in bitcoin, and there are actually good reasons not to. Currency reserves are for international payments. They must be liquid. They must be sustainable, and we must be able to sell and buy them. Previously, crypto advocates had called for changes to Swiss legislation to allow cryptocurrencies to be included in national currency reserves.

Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong's commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is bringing the best and brightest Bitcoiners from around the world to Hong Kong for Bitcoin Asia.

Since the halving on Friday, Bitcoin's stock-to-flow ratio has exceeded that of gold.

The story of an anonymous developer who fixed a critical flaw in Bitcoin's code.

Billionaire and American venture capitalist Tim Draper said in a recent interview that with the widespread adoption of Bitcoin and the weakening of the US dollar, the price of Bitcoin could rise to $10 million. Tim Draper said, "(Bitcoin prices in the future could rise to) $250,000 or $1 million, $2 million, or even $10 million."

A mid-term approach to price modelling Bitcoin is something entirely new, something never before observed. Because of this, many of the trusted tools in our financial toolkits might simply not do a very good job of modelling its performance, and it’s causing apprehension among analysts who are used to deploying certain modelling tools to make sense of asset pricing.

The market shows BTC has fallen below $62,000, now reported at $61,950, with a daily decline of 6.75%. The market is volatile, please be prepared for risk control.

According to Coinglass data, the nominal value of open BTC option positions on the entire network is $21.03 billion, and the nominal value of open ETH option positions is $9.35 billion.

Matrixport expressed that some people believe the market may be on the verge of a rise in altcoins. Despite the significant increase in some meme coins and altcoins, based on the market share of Bitcoin, this bull market may still be in its early stages, indicating relatively limited growth in other cryptocurrencies and an increasing market share for Bitcoin.

A person who mined Bitcoin early on moved 50 BTC, worth over $3 million, after 14 years of not touching them. The transfer included sending some of the Bitcoin to the Coinbase exchange. This is one of the few instances of Bitcoin from the "Satoshi era" being moved, with other significant transfers happening in 2023. The miner received the Bitcoin as a reward in April 2010, during the period when Bitcoin's creator, Satoshi Nakamoto, was active on online forums.