7:00-12:00 Analysis of the latest developments in the encryption market
1. U.S. Bitcoin spot ETF holdings hit record high
U.S. Bitcoin spot ETF holdings reached 888,607 BTC, a record high. This reflects continued investor interest and confidence in Bitcoin, especially in traditional financial markets where Bitcoin is emerging as an important asset class.
2. The German government continues to sell Bitcoin
In the past 24 days, German government wallet addresses have sold more than 50,000 BTC worth approximately $3.3 billion. Such a large-scale sell-off has a significant impact on the market and may be an important factor in recent Bitcoin price fluctuations.
3. Hedge funds continue to bet that Bitcoin will rise to $100,000 by the end of the year
QCP Capital noted that despite market volatility, large hedge funds are still bullish on Bitcoin and expect its price to reach $100,000 before the end of the year. This optimistic expectation shows that institutional investors maintain confidence in the long-term prospects of Bitcoin.
4. USDC total circulation increased to $33.9 billion
USDC’s total circulating supply increased to $33.9 billion, demonstrating increased market demand for stablecoins. As a regulated stablecoin, USDC plays an important role in crypto trading and decentralized finance (DeFi).
5. Large USDT addresses on the TRON chain are frozen
An address holding more than 28 million USDT on the Tron chain has been frozen. This incident highlights the regulatory risks in the crypto market, and investors need to pay attention to regulatory trends to avoid potential risks.
6. Multiple U.S. agencies join forces to combat crypto fraud
Several federal agencies, including the U.S. Commodity Futures Trading Commission (CFTC), the Department of Justice, and the FBI, will join forces to combat crypto scams. This move shows the U.S. government’s emphasis on the regulation of the crypto market and aims to protect the interests of investors and enhance market transparency.
7. The total TVL of the prediction market sector exceeded US$79 million
The total lock-in value (TVL) of the prediction market sector exceeded $79 million, setting a record high. The growth of prediction markets shows that decentralized applications occupy an increasingly important position in the blockchain ecosystem.
