Daily News | US Presidential Candidates Promoting BTC, Token that Korean Young People Most Prefer to Invest in Is XRP; Investors Eye the Convening of Global Central Bank Meetings

2023-08-24, 04:36

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## Crypto Daily Digest: US presidential candidate Kennedy promotes Bitcoin, and North Korean hacker organizations have stolen at least 1,580 BTC
On August 23rd, Democratic presidential candidate Robert Kennedy Jr. promoted <a href="/ru/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> on Twitter, stating: "I have been a defender of civil liberties throughout my life, and Bitcoin is both a means of exercising freedom and a guarantee of these freedoms.”

Robert Kennedy Jr. has confirmed that he holds Bitcoin and announced his acceptance of Bitcoin donations. He promised to use Bitcoin to support the US dollar during a speech at the Political Action Committee (PAC) bridging differences event. He declared that his government "will waive the capital gains tax on converting Bitcoin into US dollars." He also stated that Bitcoin was not a security and should not be regulated as a security.

Yesterday, the Federal Bureau of Investigation (FBI) warned cryptocurrency companies that they have traced 1,580 BTCs stolen by the North Korean TraderTraitor hacker group (also known as Lazarus Group and APT38), and that North Korea may attempt to cash in on this batch of Bitcoins worth over $40 million. These funds are currently placed in six Bitcoin addresses.

TraderTraitor is related to multiple crypto asset thefts, including the theft of virtual currency worth $60 million on Alphapo on June 22, 2023; On June 22, 2023, CoinsPaid was stolen with a virtual currency worth $37 million; On June 2, 2023, the Atomic wallet was stolen with a virtual currency worth $100 million. In addition, attacks on <a href="/ru/price/harmony-one" target="_blank" class="blog_inner_link">Harmony</a>'s Horizon Bridge and Sky Mavis's Ronin Bridge may also be related to TraderTraitor.

The FBI reminds private sector entities to check blockchain data related to these addresses and remains vigilant to prevent direct transactions with or derivative transactions from these addresses.

Investors in their twenties in South Korea prefer <a href="/ru/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> the most.

According to News1, Bithumb data analysis shows that in the first half of this year, South Korean cryptocurrency investors in their 20s were more inclined to choose Bitcoin or other Altcoins outside of <a href="/ru/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> than other age groups. They allocated 82.5% of their holdings to Bitcoin and Altcoins outside Ethereum. In addition, the most popular Altcoins among the 20-something group is XRP, with a total position accounting for 20.7%.

Meanwhile, the 30-year-old age group has the highest investment proportion compared to Bitcoin and Ethereum, reaching 28.2%. Next are the age group over 60 (23.0%), the age group 50 (22.2%), and the age group 40 (21.7%). The investment proportions of Ripple are in their 20s (20.7%), 30s (17.0%), 50s (14.9%), 60s and above (13.8%), and 40s (11.8%).

Recently, the popularity of Friend.tech has decreased, and its 24-hour protocol fee has dropped to fifth place, reaching $739,000. According to DefiLlama data, friend.tech ranks behind Ethereum, Lido, <a href="/ru/price/uniswap-uni" target="_blank" class="blog_inner_link">Uniswap</a>, and Tron.

Previously, it was reported that the 24-hour protocol fee for friend.tech on August 23 reached $1.68 million, surpassing Lido and Tron in ranking second, only behind Ethereum.

## Today’s Main Token Trends
### BTC
![](https://gimg2.gateimg.com/image/article/1692851727BTC.png)
The daily chart shows diminishing rebound volume, with short-term attention on whether it can hold above the resistance at $26,510 USD. Immediate upward pressure is at $26,975 USD. The medium-term trend remains bearish, with a strong defense line at $24,200 USD.

### ETH
![](https://gimg2.gateimg.com/image/article/1692851741ETH.png)
After two declines within the upward trend, there's a retest of the key resistance at $1,694 USD, attempting to break through the $1,700 USD mark. The short-term trend is expected to oscillate within a converging triangle, with a lower support line at $1,631 USD.

### SEI
![](https://gimg2.gateimg.com/image/article/1692851758SEI.png)
The short-term structure remains bearish. Short positions continue to be established at $0.1668 USD, with a target for short entry reached at $0.1535 USD. If the short-term downtrend persists, the subsequent targets are $0.1433 USD, $0.1362 USD, $0.1202 USD, and $0.1060 USD.
 
## Macro: Jackson Hole Central Bank Annual Meeting Outlook, Let's See How Powell Performs
Tonight, the annual global central bank meeting, also known as the Jackson Hole meeting, will be held, with the theme of "Structural Changes in the World Economy". Starting tonight, central bank governors will appear one after another to express important views.

Tomorrow at 2:05 pm (UTC), Federal Reserve Chairman Powell will give a speech at this meeting, and we will know some of his views and opinions. Therefore, these two days are highly sensitive periods, and we must pay attention to risks when trading, especially futures traders.

Analysis predicts that Powell may use his speech this week to outline how the Federal Reserve will assess whether interest rates should rise and when to begin cutting rates. He will warn against premature relaxation of monetary policy. The Jackson Hole meeting will give Powell more space to focus on key components of his strategy, including other parts of the Federal Reserve's focus, rather than just inflation reports.

In his first Jackson Hole speech as Federal Reserve Chairman in 2018, Powell emphasized the inherent uncertainty in estimating these long-term variables. But he also emphasized that if there are terrifying developments such as financial crises or runaway inflation expectations, the Federal Reserve will have to "take all necessary measures" to solve the problem.

Last year, when inflation reached a 40-year high, Powell's speech adopted this strategy. This year, it's time to return to the previous scene. Adam Posen, director of the Peterson Institute for International Economics, said: "Powell's speech this time cannot be so compact and clear, because the economic outlook is indeed more uncertain.”

Posen said, "In a sense, when policies go wrong and there is still a long way to go to achieve goals, central bank decisions are easier. When you have to make choices near the right policy but are unsure if you are right, the situation becomes even more difficult, and the Federal Reserve is now like this.”

<div class="blog-details-info">
<div>Author:**Byron B.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>