August 3 BTCUSD BingX Chart Analysis and Today's Headline

The stimulating news yesterday caused a brief rally in BTC, but it does not fundamentally change the current market conditions. The entire market is currently experiencing a lack of liquidity, so it is not surprising to see BTC return to around $29,000. It is important to note that there is renewed FUD surrounding Binance in the market, and such negative news can easily lead to a sharp decline in prices.

Ayre Group Has Acquired a Majority Stake in Nchain for Approximately $570 Million


BSV supporter Calvin Ayre's Ayre Group has signed an agreement with nChain, the developer of the BSV protocol, to acquire a majority stake in the company, as well as assets such as credit facilities and intellectual property licenses, for 500 million Swiss francs (approximately $570 million). nChain is a developer of Bitcoin SV node software and blockchain software like Teranode and LiteClient. Currently, the company holds nearly 800 technical patents and has over 3,000 pending approvals.

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