Bitcoin tests $55,000, micro-strategy buys Bitcoin, is Ethereum the largest holding of institutions? Lido's market value exceeds US$30 billion, Zircuit opens to pledge, and stablecoins exceed US$140 billion.

U.S. spot Bitcoin ETF’s single-day trading volume hits $3.2 billion, second highest in history, here’s why Bitcoin is rising

The single-day trading volume of U.S. spot Bitcoin ETFs, including Grayscale GBTC, reached $3.2 billion, the second highest in history. The largest transaction volume was on the launch day of these products, with $4.6 billion worth of transactions on that day

Micro-strategy is a fixed investment strategy. It is also one of the few feasible strategies for Bitcoin investment.

Microstrategy buys approximately 3,000 Bitcoins for approximately $155.4 million in cash

The market value of stablecoins continues to rise, and Defi’s TVL increases, which confirms the emergence of a bull market

Stablecoin market capitalization reaches $140 billion for first time since late 2022

Bybit research report: ETH is the largest holding of institutions. I don’t know if this conclusion is correct. After all, Bitcoin is the king. However, I agree with institutions reducing Meme, AI, and Brc-20.

Despite high returns in 2023, institutions have significantly reduced their altcoin positions, especially in more volatile categories such as meme coins, artificial intelligence (AI), and BRC-20 tokens. Instead, institutions are paying more attention to stable asset tokens such as Layer-1 and decentralized finance (DeFi) protocols.

Lido TVL exceeded US$30 billion, a record high. If and only if everyone pays attention to the primary market of Ethereum, you will understand why the price of Ethereum will be supported. There are endless Ethereum re-pledge projects, and each one is an opportunity. Each opportunity consumes a large amount of Ethereum as handling fees. Part of it is burned, and part of it becomes the profit of the miners.

Lido TVL exceeds US$30 billion, reaching record high

The popularity of re-pledge projects can be seen from Zircuit. This project has just started to accumulate points, so everyone should pay attention to it. Tutorial here: https://twitter.com/dwj_eric/status/1761661519094595618

Only 3 days after the launch of Zircuit staking, TVL has exceeded 200 million US dollars