● Binance hit a new high in spot trading volume market share in February
According to TokenInsight, Binance set a record for spot trading volume market share among centralized exchanges in February, reaching 56.8% on February 5. Its spot trading volume exceeded $472 billion in February, an increase of almost 10% compared to January.
● BNB price hits new high since April 20, 2022
BNB broke through 430USDT in the short term, hitting a new high since April 20, 2022.
● Powell reiterates that the Fed may cut interest rates, gold prices hit new highs
According to the Golden Ten report, after Federal Reserve Chairman Powell reiterated that the Federal Reserve may cut interest rates this year, gold prices hit a new record, and other precious metals also rose sharply.
● AI concept tokens generally rose, with NEAR, FET, RNDR, and NMT all rising by more than 30%.
According to BlockBeats, on March 7, AI concept tokens generally rose, which may be affected by news related to the NVIDIA GTC24 conference. NEAR, FET, RNDR, and NMT all increased by more than 30% in 24 hours.
● Ethereum’s market value surpassed luxury goods giant LVMH and rose to the 21st place in the world’s mainstream asset market value rankings
According to Planet Daily, 8MarketCap data shows that Ethereum’s market value reaches US$460.1 billion, surpassing luxury goods giant LVMH (US$458.92 billion) and ranking 21st in the global mainstream asset market value rankings.
● The cumulative net inflow of Bitcoin spot ETFs exceeded US$8.5 billion, of which GBTC had a net outflow of nearly US$9.6 billion.
According to the Daily Planet, the Bitcoin spot ETF has seen a cumulative net inflow of $8.5672 billion since its launch, as monitored by Farside Investors. Among them: -IBIT has a cumulative net inflow of US$9.1672 billion; -FBTC has a cumulative net inflow of US$5.3453 billion; -GBTC has a cumulative net outflow of US$9.5991 billion.
● Asia’s cryptocurrency market trading volume accounts for 70.57% of the world’s total
According to PANews, data from The Block showed that the trading volume of the Asian cryptocurrency market reached US$212.18 billion this month, accounting for approximately 70.57% of the global trading volume. In the first two months of this year, the proportion of trading volume in the Asian market remained between 67% and 69%. Reports from Reuters indicate that this current high share of Asia’s cryptocurrency trading volume is similar to the bull run during 2021 when Bitcoin prices reached new highs.
