[CoinGecko Q3 Report: CEX spot trading volume fell 14.8% month-on-month to US$3.05 trillion] On October 14, Coingecko released the 2024 Q3 crypto industry report, pointing out that although the total market value of cryptocurrencies remained at US$2.33 trillion this quarter, fluctuations came from geopolitical events such as changes in the Federal Reserve’s interest rates and Japan’s unexpected rate hikes. The key points of the report are as follows: 1. The total market value of cryptocurrencies fell 1% in Q3 and was $2.33 trillion at the end of the quarter - The total market value of cryptocurrencies reached a high of $2.61 trillion on July 22, but fell sharply on August 6 due to the weak global economy; 2. Bitcoin's market share rose to 53.6%, a month-on-month increase of 2.7%; Ethereum's market share among the top 7 cryptocurrencies fell the most, reaching 3.6%, and its market share was 13.4% at the end of Q3; 3. Q3 CEX spot trading volume fell to $3.05 trillion, a month-on-month decrease of 14.8% - Binance is still the largest CEX, and its market share has fallen below 40% for the first time since January 2022, and is currently 38%;