Kaiko shows that the proportion of Bitcoin traded on weekend | WuBlockchain on Binance Square

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Kaiko shows that the proportion of Bitcoin traded on weekends has fallen to an all-time low of 16% this year. The launch of spot Bitcoin ETF changed the Bitcoin trading schedule to be more in line with the traditional stock trading platforms and reduced Bitcoin price volatility.

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Mining News in June: Northern Data, Europe's largest mining company, is preparing for an IPO in the United States with a possible valuation of $16 billion. Bitdeer announced that it acquired ASIC chip design company Desiweminer in an all-stock transaction of $140 million and announced its Bitcoin mining machine technology roadmap. Hut 8 announced that it had received a strategic investment of $150 million from Coatue. Marathon Digital announced that it has launched Kaspa mining operations.

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Matthew Sigel, head of research at VanEck, said the possibility of launching a spot Solana ETF depends largely on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as chairman of the SEC. VanEck just submitted an application to launch a spot Solana ETF in the United States last week, and 21Shares followed suit.

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The United States announced that the number of people who continued to apply for unemployment benefits in the week ending June 22 was 1.858 million, which was expected to be 1.84 million and the previous value was 1.839 million. The number of initial unemployment claims in the week ending June 29 was 238k, which was expected to be 235k and the previous value was 233k. The number of people applying for unemployment benefits has risen for the ninth consecutive week, the longest period since 2018. As of the week ending June 22, the number of people continuing to apply for unemployment benefits increased to 1.86 million, the highest level since November 2021.

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QCP: Despite the sell-off, the options market is still heavily skewed in favor of the topside, suggesting that the market is still anticipating a year-end rally. This aligns with the desk's observation of significant buying interest in the longer-term options at the 100/120k strike. Looking ahead, we anticipate a subdued Q3 for BTC as the market remains uncertain around the supply from the Mt. Gox release.

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According to Lookonchain, Ethereum ranked first with $2.728 billion in fee income in the past year, Bitcoin ranked second with $1.302 billion, and Tron Network ranked third with $459.39 million. Others include Solana ($241.29 million), BSC ($176.56 million), Avalanche ($68.83 million), zkSync Era ($59.77 million), Optimism ($40.4 million), and Polygon ($23.91 million).

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