Hello everyone, my name is A Mei. Today I will continue to bring you a more in-depth news summary. As for the melons on the market, you can just eat them, but you still have to keep track of the actions of large institutions!

$BTC The transaction volume on the Bitcoin chain has surged, and the market has shown a bottom signal:

  • According to Tokenview data, Bitcoin's on-chain transaction volume yesterday increased by 59.68% from the day before, and increased by 33.15% from the average transaction volume in the past 7 days. The total number of Bitcoin transactions has reached 848 million. These data show that since the SEC sued Binance, institutions, whales and smart investors have begun to buy from the bottom and look for safe bargain hunting points. Despite the increased regulatory pressure on the US cryptocurrency market, traders prefer more stable and secure investments, such as Tether's USDT.

 

$PEPE The myth of Meme coin and the uncertainty of the future:

  • After reviewing the rise myth of shib coin and the failure of other meme coins to break new highs in the bull market, pepe was introduced as a meme coin similar to shib. Some whale addresses exchanged USDC for PEPE, with a total value of 1.5M #usdc

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$USDC Tether plans to build a Bitcoin mining farm in El Salvador:

Tether previously announced that it would use 15% of its net profit to buy Bitcoin and announced the establishment of a Bitcoin mining farm. The latest news shows that Tether has cooperated with El Salvador, the country of Bitcoin, and plans to build a second mine in the country. As a country with active volcanic belts and rich natural resources, El Salvador will use its geothermal energy for Bitcoin mining. This move makes El Salvador also known as the country of Bitcoin mining in addition to the country of Bitcoin.

 

Aave V2 votes to reduce BUSD liquidity, THORChain supports BNB Chain:

The Aave community will conduct an on-chain vote aimed at reducing the liquidity of the BUSD stablecoin and encouraging users to switch to other stablecoins. At the same time, the decentralized cross-chain transaction protocol THORChain announced support for BNB Chain, including the beacon chain and BSC. These dynamics show the development of stablecoins and cross-chain transactions in the market. #BNB

That’s all the information I bring to you today! I hope you will reject FUD and keep looking forward to the future!