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CoinUp responds to recent market rumors: Zhu Pan is not the operator of the platform, and the volatility of CPX mainly comes from concentrated selling pressure in the market

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

Cardone has increased his holdings by 282 BTC, while Bitdeer insists on a "zero holding" fiat operation

According to BBX data, over the weekend, global publicly listed entities and major financial institutions in the U.S. disclosed the latest real accounts and strategic trends regarding Bitcoin spot accumulation, mining production liquidity management, and cross-border investments in Web3 infrastructure. The core updates are as follows:Grant Cardone, CEO of the leading U.S. real estate investment company Cardone Capital and billionaire, publicly announced on social platform X yesterday that the company has recently completed direct allocations of digital assets in the secondary market, increasing its holdings by 282 Bitcoins during the dip, demonstrating a strong consensus among traditional real estate tycoons on the hedging properties of crypto assets.Nasdaq-listed Bitcoin mining company Bitdeer Technologies Group (NASDAQ: $BTDR) officially announced the latest weekly Bitcoin production and liquidity settlement accounts on platform X. As of the week ending June 19, its net Bitcoin mining output was 218.1 BTC, and it sold 218.1 BTC on the open market, resulting in a net addition of 0 BTC to its treasury. The company reiterated its firm commitment to maintaining a "zero Bitcoin position, full liquidation and monetization" strategy in fiat currency operations to ensure efficient cash flow in its main business.Nasdaq-listed company NewGen, Inc. (NASDAQ: $NWGN) announced a strategic investment of $4 million in the decentralized prediction market platform K25.ai, helping it complete a total of $10 million in Pre-A round financing. It is reported that after this round of financing, K25.ai's post-investment valuation has reached $100 million, and NewGen is expected to hold a 10% stake in the platform, accelerating its ecological positioning in the crypto prediction narrative.

Zhao Changpeng: We are no longer operating the trading platform; BNB Chain is developing a new version that is faster, cheaper, and has more privacy controls

Binance founder Zhao Changpeng (CZ) participated in an exclusive interview on the Galaxy Brains podcast with Galaxy Research Director Alex Thorn. CZ stated that he is no longer operating the trading platform, allowing him more time to communicate with developers, and he is excited about some new features of BNB Chain. He mentioned that BNB Chain is developing the next version, which will be faster, cheaper, and include more privacy controls.CZ also advised blockchain developers not to make major upgrades during a bull market, but to push forward significant updates during the quieter times of a bear market. CZ said that he was skeptical about RWA (Real World Assets) about a year to a year and a half ago, uncertain whether the related assets would be traded or could develop. However, the speed of RWA's development surprised him, as stablecoins, oil futures, AI stocks, and others have gained good acceptance in the crypto community. This indicates that many people globally have been looking for access to these assets.Crypto should not be seen as an independent industry, but rather as a new technological tool that makes financial transactions faster, cheaper, and more transparent. He believes that traditional financial institutions can use blockchain, and crypto companies can also provide services similar to traditional finance, such as loans, savings, stock trading, remittances, and payments. In the future, there should not be a clear distinction between traditional finance and crypto, but rather a more globalized, faster, and lower-cost financial industry.
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