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#ReboundRally #Write2Earn Fantom will be renamed to Sonic (S) at the beginning of January 2025. Binance has announced support for the renaming and token swap of Fantom, and will temporarily suspend deposits as well as trading pairs of $FTM on January 13, 2025. After the renaming is completed, Binance will open trading pairs for S on January 16. Although the renaming has raised concerns about the price of $FTM, the tokens will be swapped at a ratio of 1:1, which is expected to have no significant impact on the price. Currently, $FTM is trading near 1 USD, with a price decrease of 0.35% in the last 24 hours, but trading volume has surged by 37%. Technical analysis shows that $FTM is at a critical support level of 0.95 USD, and if it can hold this support level, the price could increase by 40% to 1.43 USD. On-chain data shows significant flow of $FTM, indicating that long-term holders are transferring tokens to wallets, which may suggest bullish momentum.
The trading volume of cryptocurrency spot ETFs in Hong Kong recently surpassed 58 million USD, setting a new historical high. Ryan Miller, General Manager of OSL, stated that the trading volume and capital inflow of Hong Kong's crypto ETFs are expected to grow significantly. In April 2024, Hong Kong launched six Bitcoin futures and Ethereum futures ETFs. As of December 11, the cumulative holdings of Hong Kong's Bitcoin futures ETFs reached 4560 $BTC (4.45 billion USD), while the Ethereum futures ETFs held 16280 $ETH (59.60 million USD). Ryan Miller noted that the performance of cryptocurrency ETFs in the U.S. and Hong Kong is similar, and it is anticipated that the trading volume and capital inflow for Hong Kong ETFs will see significant growth next year. On December 6, the total trading volume of Hong Kong's crypto futures ETFs exceeded 58 million USD, reaching a historical high. With increasing regulatory support and investor interest, Hong Kong's cryptocurrency ETFs hold a favorable position in the global cryptocurrency market.
𝗦𝗶𝗲𝗴𝗲 𝗪𝗼𝗿𝗹𝗱𝘀: Launching on STEAM in Q1, Siege Worlds players will engage in high-intensity first-person shooter battles while leveraging power-ups and bonuses unlocked through Alien Worlds #NFT's. Designed by the creators of Starblind, Siege Worlds will offer a transition from comic storytelling to thrilling action, building a new way for how narrative and gameplay intertwine in the #AlienWorlds metaverse.
<t-15/> #SOONtoken #Wirte2Earn TON Station has posted on platform X that: "Sooners! We have received so many contributions from all of you, and we want to say THANK YOU to each and every one of you! Additionally, all those contributions to the TON Station team will be burned! Why? Because we value your contributions, and burning will help stabilize the economy. We will inform you when the burning occurs. Stay tuned!"
22/12/2024 #BTCOutlook Zhao Changpeng: The United Arab Emirates (UAE) holds 40 billion dollars worth of Bitcoin.
According to Wu, the founder of Binance, Changpeng Zhao tweeted that the United Arab Emirates (UAE) is holding 40 billion USD in Bitcoin. However, this information comes from some obscure niche websites, and there is currently no official confirmation.
The V-On-Vana NFT Collection Witnesses a Remarkable Surge in Floor Price and Trading Volume
The V-On-Vana NFT Collection Witnesses a Remarkable Surge in Floor Price and Trading Volume Explore more important information about SoSoValue: https://sosovalue.com/shares/sKBkwr #BitcoinKeyZone
#BTCReclaims101K According to SoSoValue, as of December 11 (Eastern Time), spot Bitcoin ETF funds have recorded a total net inflow of 223.03 million USD.
Yesterday, Grayscale's GBTC ETF had a net inflow of 20.13 million USD, bringing the total historical net inflow of GBTC to 20.89 billion USD.
The Grayscale Bitcoin Mini Trust BTC ETF had a net inflow of 15.74 million USD, bringing the total historical net inflow of this fund to 916.31 million USD.
The spot Bitcoin ETF with the highest net inflow for the day was Fidelity's FBTC ETF, with a daily net inflow of 121.90 million USD, bringing the total historical net inflow of FBTC to 12.22 billion USD.
Next, the ARKB ETF from Ark Invest and 21Shares had a daily net inflow of 52.67 million USD, bringing the total historical net inflow of ARKB to 2.64 billion USD.
As of the time of writing, the total net asset value of spot Bitcoin ETF funds reached 113.72 billion USD, with the net asset ratio of the ETF (market value compared to the total market value of Bitcoin) at 5.67%. The historical accumulated net inflow has reached 34.58 billion USD.
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Recommended Article on Bitcoin’s Q3 2024 Performance and Market Insights from Sunny Shi
nowaybye11-08 17:28
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Translated by AI
Key Insights
BTC price increased by 5% quarter-on-quarter to $66,083, experiencing significant two-way volatility as price action remains unstable. The main driving factors for this trend are macroeconomic.
Spot BTC ETFs impressed with a recovery quarter, contributing nearly $5 billion to net inflows in Q3, up 73%. They currently hold over 900,000 BTC in total.
The halving of block rewards and rising hashrate has reduced miners' profits. Miners' revenue decreased by 30% quarter-on-quarter. Activity in ordinals and rune continues to rise. However, certain collections and NFT assets have managed to maintain relevance after the initial price drop.
TVL on programmable Bitcoin layers increased by 20% quarter-on-quarter, while LRT's TVL surged after Babylon launched its first staking round. Core and Lombard are early winners in their respective categories.
First
Bitcoin (BTC) is the first peer-to-peer payment network based on distributed consensus. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or single administrator. Often referred to as digital gold, bitcoin has a stable, predictable monetary policy and operates autonomously, giving it ideal store of value characteristics.
#BounceBit BounceBit: A Potential Cryptocurrency in the Digital Economy BounceBit (BBT) is a cryptocurrency that is attracting attention in the blockchain community due to its high security features and fast transaction speeds. This currency is designed to support decentralized transactions, especially in the fields of e-commerce and cross-border payments. With advanced technology and a team of experienced developers, BounceBit promises to provide an effective, transparent, and safe financial solution. Currently, BBT has been listed on many major exchanges, opening up attractive investment opportunities for global investors.
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#Write2Win $BTC $ETH According to SoSoValue, as of August 21 (Eastern Time), Bitcoin ETFs experienced a total net inflow of $39.43 million. Yesterday, Grayscale's GBTC ETF had a net outflow of $9.82 million, bringing GBTC's total historical net outflow to $19.67 billion. Grayscale Bitcoin Mini Trust BTC ETF had a net inflow of $14.20 million, bringing Grayscale Bitcoin Mini Trust BTC ETF's total historical net inflow to $301.85 million. Next, Fidelity's FBTC ETF had a daily net inflow of $10.69 million, with FBTC's total historical net inflow reaching $9.82 billion. As of this writing, the total net asset value of Bitcoin ETFs stands at $55.96 billion, with the ETF net asset ratio (market value to total Bitcoin market value) at 4.63%. The total cumulative net asset value has reached $17.56 billion.
Bitcoin Reaches New All-Time High and Faces Market Speculation Explore more key information on SoSo Value: https://m.sosovalue.xyz/cluster/1764685186675974145?inviteCode=2J2LHLOEIVO
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