1. BlackRock: The attractiveness of Bitcoin as a reserve asset has increased due to the US Federal deficit and debt situation. 2. Standard Chartered Bank: After the Fed rate cut, Bitcoin

BlackRock pointed out that due to the US federal deficit and debt situation, the attractiveness of Bitcoin as a reserve asset is increasing. Standard Chartered Bank predicts that after the Fed rate cut, Bitcoin and the crypto market will continue to rise, possibly breaking $100,000 by the end of the year. Analysts believe that the short-term target for Bitcoin is $65,000. With the US presidential election approaching, the volatility of the crypto market is expected to increase. Hong Kong's WeLab has applied for a digital banking license in Thailand, while Germany has shut down 47 crypto exchanges suspected of illegal activities. Bitcoin miners' income mainly comes from block rewards, accounting for over 98%