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According to Odaily, Liu Zhou, the founder of the cryptocurrency market maker MyTrade MM, has admitted to allegations related to wash trading activities deemed illegal by the U.S. government. Liu Zhou has taken responsibility for these charges and is actively working with U.S. authorities to address them. The accused wash trading activities have been removed from both the product offerings and the official website. Despite these allegations, MyTrade MM's market-making services continue to operate normally, ensuring uninterrupted service for its clients. Liu Zhou remains committed to providing services that comply with all regulatory requirements.

The global cryptocurrency market cap now stands at $3.11T, up by 1.53% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $92,808 and $97,852 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $97,424, up by 4.42%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TROY, CTXC, and DGB, up by 56%, 27%, and 23%, respectively. Top stories of the day: Binance Dominates as Crypto Trading Volumes Surge Amid Bitcoin’s ATH and Market Optimism UK Plans Pilot Digital Gilt Bonds Using Distributed Ledger Technology U.S. Congress Allocates Billions to Expired Federal Programs Bernstein Raises Nvidia Target Price to $175 Bitcoin ETFs Surpass $100 Billion in Assets Amid Record Highs European Central Bank Predicts Inflation Rate to Remain at 2% by Early 2025 Bitcoin Open Interest Reaches New Highs Ethereum Spot ETF in the U.S. Sees Significant Outflow NVIDIA and MicroStrategy See Significant Trading Volume Bitcoin Market Dominance Reaches Highest Level Since 2021 Market movers: ETH: $3128.31 (+0.18%) SOL: $242.74 (+2.41%) BNB: $611.28 (-0.13%) XRP: $1.1294 (+2.22%) DOGE: $0.38423 (-1.98%) ADA: $0.7839 (-6.44%) TRX: $0.1987 (+0.25%) WBTC: $97162.91 (+4.35%) SHIB: $0.00002402 (-2.24%) TON: $5.482 (+0.75%) Top gainers on Binance: TROY/USDT (+56%) CTXC/USDT (+27%) DGB/USDT (+23%)

The cryptocurrency market has entered a bullish phase, fueled by key events like Bitcoin’s new all-time high of $94,000, the U.S. presidential election, and the growing integration of crypto assets into mainstream financial systems. Binance has emerged as a dominant force, outperforming traditional stock exchanges and cementing its position as a leader in crypto trading.Crypto Assets Go MainstreamData from October 7 to November 15, 2024, reveals significant trends in trading volumes:Binance: Total trading volume (spot + derivatives) was 10% higher than Nasdaq and twice the New York Stock Exchange (NYSE).Global Market Share: Binance accounts for approximately 50% of all centralized exchange (CEX) trading volume, demonstrating its unparalleled influence.This data underscores how cryptocurrencies are moving from niche markets into the financial mainstream, challenging traditional equity markets in liquidity and trading activity.Spot Trading Leads the WayDespite the rise of Bitcoin ETFs, spot trading continues to dominate:Binance’s Bitcoin spot trading volume is 4.5 times the combined volume of all Bitcoin ETFs.Market Concentration: Binance’s trading volume is seven times larger than Coinbase’s and equal to the next 14 competitors combined, showcasing its market dominance.The preference for spot trading highlights its superior liquidity and accessibility, attracting both retail investors and institutional traders. Binance remains pivotal for Bitcoin price discovery and liquidity.USDT Inflows Signal Market ConfidenceDuring the U.S. presidential election week, inflows of Tether (USDT) into centralized exchanges exceeded $20 billion, marking strong market liquidity:Binance: Led the inflows with $7.7 billion (39% market share).Tether’s Market Cap: Hit a record high of $128 billion, reflecting robust demand for crypto assets.With unmatched trading volumes, significant USDT inflows, and dominance in the spot trading market, Binance continues to lead the cryptocurrency industry. As institutional interest grows and Bitcoin ETFs evolve, Binance’s role in shaping market dynamics remains critical.

According to Foresight News, UBS and Deutsche Bank have announced their participation in a trial conducted by the European Central Bank (ECB) to explore the use of distributed ledger technology (DLT) for wholesale settlement. As part of this initiative, the two banks simulated tokenized deposit payments between financial institutions. The trial utilized the Bundesbank's Trigger solution, which enables blockchain-based systems to connect with the Trigger Chain, facilitating payments in central bank money through the Target2 payment system.In the context of tokenized deposits, the process involves the destruction of tokens on the sending blockchain and their minting at the receiving bank. The trial included two separate experiments. The first focused on time-sensitive euro payments, highlighting the potential for DLT to enhance efficiency and speed in financial transactions. The second experiment simulated transactions between Deutsche Bank's London branch and UBS in Switzerland, involving the exchange of British pounds and Swiss francs, with settlements conducted in euros.These trials represent a significant step in exploring the integration of blockchain technology into traditional banking systems. By simulating real-world scenarios, the banks aim to assess the feasibility and benefits of using DLT for cross-border payments and settlements. The experiments underscore the growing interest among financial institutions in leveraging blockchain to improve transaction processes, reduce costs, and enhance security.The ECB's initiative reflects a broader trend in the financial industry towards embracing digital innovations. As central banks and financial institutions continue to explore the potential of DLT, these trials provide valuable insights into the practical applications of blockchain technology in the banking sector. The successful execution of these simulations could pave the way for further adoption of DLT in wholesale banking operations, potentially transforming the landscape of international finance.

According to Odaily, the UK's Finance Minister, Tulip Siddiq, has confirmed plans to issue pilot digital gilt bonds using distributed ledger technology (DLT). These digital bonds are equivalent to UK government bonds. Siddiq noted that this pilot initiative will be part of a digital securities sandbox but will not fall under the jurisdiction of the Debt Management Office (DMO), which is responsible for all gilt and treasury bill operations.Prior to this announcement, reports from the Financial Times indicated that despite opposition from the DMO, Siddiq is determined to advance the digital gilt bonds initiative, known as DIGIT. The report cited a former minister and several department officials who mentioned that the DMO is resisting this move. The introduction of DIGIT represents a significant step in the UK's exploration of digital securities, aiming to leverage the benefits of DLT in government bond issuance.

According to BlockBeats, on November 21, the Department of Government Efficiency (DOGE) reported that the U.S. Congress has allocated $516 billion to federal programs with expired legal authorization for the fiscal year 2024. This information is based on relevant government documents.A significant portion of this funding, nearly $320 billion, is directed towards programs whose authorization expired a decade ago. The revelation highlights ongoing concerns about the efficiency and oversight of federal spending, as substantial funds continue to be allocated to programs without current legal backing. This situation raises questions about the legislative process and the mechanisms in place to ensure that taxpayer money is spent effectively and in accordance with up-to-date legal frameworks.The allocation of funds to expired programs underscores the complexities and challenges faced by lawmakers in managing the federal budget. It also points to potential areas for reform, as the government seeks to improve transparency and accountability in its financial operations. The Department of Government Efficiency's findings may prompt further scrutiny and debate within Congress regarding the need for updated authorizations and more rigorous oversight of federal expenditures.

According to PANews, a whale account has made a substantial acquisition of Solana (SOL) tokens over the past two days. The account purchased 100,000 SOL, valued at approximately $23.86 million, and has staked the entire amount. This recent transaction brings the account's total holdings to 231,919 SOL, with an estimated value of around $55.58 million.

According to Odaily, the majority of the European Union's Markets in Crypto-Assets Regulation (MiCAR) is set to take effect by the end of this year. However, German companies are currently unable to obtain MiCAR cryptocurrency licenses from the local regulatory authority, BaFin, due to the failure of certain legislative measures. In contrast, foreign companies that have secured licenses elsewhere can operate freely within Germany and across the EU.The MiCAR framework includes country-specific details, such as the requirement for each nation to designate a regulatory body to issue licenses to crypto-asset service providers (CASPs). In Germany, this responsibility falls to the Federal Financial Supervisory Authority (BaFin). However, the designation of BaFin is part of a legislative draft that has yet to be approved. Given the collapse of the coalition government, the likelihood of this bill passing in the near term is slim. This situation also impacts banks, as institutions like banks or securities companies can extend their licenses to qualify for MiCAR CASP status, a process BaFin currently cannot facilitate.Germany had existing cryptocurrency regulations prior to MiCAR. The legislative draft stipulates that authorized companies can continue their operations and reapply for MiCAR licenses next year. The initial draft of the Financial Market Digitization Act (FinmadiG) was released in October 2023, introducing the Crypto Market Regulation Act (KMAG), which aims to replace Germany's old crypto rules with MiCAR.Earlier this week, a group of German scholars addressed a letter to the Finance Committee of the German Bundestag, highlighting Germany's breach of EU law. The German implementation law was supposed to take effect on June 30, coinciding with the enactment of stablecoin (electronic money token) legislation.

According to Odaily, Helika Gaming and Notcoin have introduced the Telegram Gaming Accelerator, a new initiative aimed at assisting game developers in creating games for Telegram's extensive user base of over 900 million. This program offers game studios complimentary access to traffic and analytics tools, alongside mentorship from seasoned professionals in the gaming industry and Web3 experts.Applications for the Telegram Gaming Accelerator are currently open and will be accepted until December 16. Submissions will be reviewed on a rolling basis, allowing developers to apply at their convenience and receive timely feedback on their proposals. This approach ensures that a diverse range of projects can be considered, promoting a wide array of gaming experiences for Telegram's vast audience.

According to BlockBeats, on November 21, the Department of Government Efficiency (DOGE) highlighted a report from The Washington Times indicating that federal government agencies are utilizing only 12% of their headquarters space in Washington D.C. on average. The report specifically noted that the Department of Agriculture, which has facilities capable of accommodating over 7,400 employees, sees an average daily occupancy of just 456 staff members, equating to a mere 6% utilization rate.This revelation has prompted DOGE to question the rationale behind spending American taxpayers' money on maintaining largely vacant buildings. The low occupancy rates raise concerns about the efficiency and necessity of maintaining such extensive office spaces when they are significantly underutilized. The issue underscores a broader discussion about the potential for optimizing government resources and reducing unnecessary expenditures, especially in the context of evolving work environments and the increasing prevalence of remote work.The findings suggest a need for a reassessment of space allocation and utilization strategies within federal agencies. As remote work becomes more common, the traditional model of large, centralized office spaces may no longer be the most effective or economical approach. This situation presents an opportunity for government agencies to explore more flexible and cost-effective solutions that align with current workforce trends and fiscal responsibilities.

According to BlockBeats, on November 21, Bernstein announced an increase in the target price for Nvidia (NVDA.O) from $155 to $175. This adjustment reflects Bernstein's updated assessment of Nvidia's market performance and potential growth. The decision to raise the target price indicates a positive outlook on Nvidia's future prospects in the technology sector. Nvidia, known for its advancements in graphics processing units and artificial intelligence, continues to be a significant player in the tech industry. The revised target price suggests confidence in Nvidia's ability to maintain its competitive edge and capitalize on emerging opportunities. This move by Bernstein aligns with broader market trends and investor sentiment, highlighting Nvidia's strategic positioning in the evolving tech landscape. As Nvidia navigates the challenges and opportunities of the current market environment, this target price adjustment underscores the company's potential for sustained growth and innovation.

According to Odaily, Toronto-based blockchain company Bluesky Digital has experienced a remarkable stock price increase of 1,767% over the past month. This surge is speculated to be due to investors confusing it with the social media platform Bluesky. Since November 5, following the election of Donald Trump, Bluesky Digital's stock has risen from $0.06 to $0.56, marking an approximate increase of 833%. This rise coincides with a significant growth in the platform's user base.A portfolio manager commented that the stock's upward trajectory "might be due to the name confusion with the social media platform Bluesky." In response to inquiries from Canadian regulatory authorities, Bluesky Digital clarified in a statement that these market movements are unrelated to any company actions. The management stated, "We are unaware of any significant changes in the company's operations that would lead to the recent increase in market activity."

According to PANews, the total assets of Bitcoin exchange-traded funds (ETFs) in the United States have exceeded $100 billion. This milestone comes after Bitcoin reached an all-time high of $97,000, edging closer to the $100,000 mark. Since their debut in January, 12 Bitcoin ETFs, including those from BlackRock and Fidelity Investments, have achieved this significant milestone within just ten months, marking them as one of the most successful fund categories ever launched.Institutional data reveals that as Bitcoin hit record levels, Bitcoin ETFs recorded a net inflow of $773 million on Wednesday. This surge in investment underscores the growing interest and confidence in Bitcoin as a viable investment option. The rapid growth of Bitcoin ETFs highlights the increasing acceptance of cryptocurrencies in mainstream financial markets, driven by both institutional and retail investors seeking exposure to digital assets. The success of these ETFs reflects the broader trend of digital currencies gaining traction as a legitimate asset class in the global financial landscape.

According to Foresight News, Azuki founder Zagabond recently took to Twitter to share a brief message with the community. In his tweet, Zagabond urged followers to remain calm, stating, 'Chill guys, I have an idea.' This message has sparked curiosity and speculation among Azuki enthusiasts and the broader cryptocurrency community.The tweet comes at a time when the Azuki project, known for its unique approach to digital art and NFTs, continues to engage its audience with innovative concepts. While Zagabond did not provide further details about the idea, the cryptic nature of the message has led to various interpretations and discussions online. Community members are eager to learn more about what Zagabond has in store and how it might impact the Azuki ecosystem.As the conversation unfolds, many are speculating about potential developments or collaborations that could arise from Zagabond's announcement. The Azuki project has been known for its creative initiatives and has garnered a dedicated following. This latest hint from the founder adds to the anticipation surrounding the project's future directions.The Azuki community is encouraged to stay tuned for further updates from Zagabond and the team. As always, the project's followers are advised to approach any new developments with an open mind and to participate in discussions constructively. The anticipation of new ideas and innovations continues to drive interest in the Azuki project and its potential contributions to the NFT space.

According to Odaily, Michael Saylor, the Executive Chairman of MicroStrategy, has lost his voting control over the company. Historically, MicroStrategy's dual-class share structure separated equity ownership from voting rights. As of October 21, Saylor held 51.7% of the total voting power of MicroStrategy's common stock. His overwhelming control over Class B shares, which carry ten times the voting power of Class A shares, allowed him to maintain majority control despite a reduced percentage of equity exposure.Nasdaq classifies MicroStrategy as a "controlled company" due to Saylor's singular control over company management and decision-making, such as shifting the company's focus from software to Bitcoin acquisition. Under Nasdaq governance rules, controlled companies are not required to have an independent board of directors, compensation, or nominating committees. MicroStrategy is also exempt from having independent directors determine Saylor's compensation or that of advisors and legal counsel.However, Saylor's voting control has now fallen below 50% due to the issuance of a significant amount of stock and debt to purchase Bitcoin. Despite the Class B shares having ten times the voting power of Class A shares, the sheer volume of Class A shares issued has resulted in their voting power surpassing that of Class B shares.Approximately a week ago, MicroStrategy established a new board nominating committee led by Carl J. Rickertsen and adopted a new nominating committee charter. Further details regarding Rickertsen's nomination and the powers granted by the new charter will be disclosed in future SEC filings, expected no later than the company's next quarterly report scheduled for mid-February 2025.As of the time of reporting, MicroStrategy's market capitalization stands at $111 billion, with Bitcoin holdings valued at $31 billion.

According to Odaily, Elon Musk recently shared a statement revealing that he learned at Mar-a-Lago that Jeff Bezos had allegedly told everyone that Donald Trump would lose the election. As a result, Bezos reportedly advised selling all Tesla and SpaceX stocks. This revelation adds another layer to the ongoing dynamics between prominent figures in the tech and political arenas.Musk's comments highlight the intricate relationships and opinions circulating among influential business leaders regarding political outcomes and their potential impact on the stock market. The mention of Bezos, a key figure in the tech industry, and his purported prediction about Trump's electoral prospects, underscores the intersection of politics and business strategies. This development may prompt further discussions about how political forecasts influence investment decisions and the broader market landscape.

On Nov 21, 2024, 05:52 AM (UTC), according to Binance Market Data, BNB dropped below 610 USDT and is now trading at 609.650024 USDT, with a narrowed 0.48% decrease in 24 hours.

Top Interest of the WeekClover Finance ($CLV) has recently unveiled the CLV 2.0 upgrade. This upgrade's roadmap features the launch of an Automated Market Maker (AMM) on its decentralized exchange (DEX) liquidity platform, a Token Launcher program that enables other projects to create new tokens on the CLV network, SocialFi integration, and an upgrade and migration of ERC20 tokens. The announcement has sparked significant interest among investors, resulting in a remarkable 271.5% increase in value within just a week. This price movement indicates strong investor confidence in the positive effects this upgrade will have on the CLV ecosystem.Secret ($SCRT) operates as a Layer 1 blockchain dedicated to decentralized confidential computing. The recent rally in its price highlights a growing global demand for privacy-focused blockchain solutions, a trend that the Secret Foundation attributes to its innovative developments, particularly the NewDeCC (Decentralized Confidential Computing) initiative.A report indicates that President-elect Trump is considering appointing crypto attorney Teresa Goody Guillén as the head of the SEC, signalling a supportive stance towards the cryptocurrency sector. In this optimistic context, a list of coins and tokens that have been scrutinized by the SEC experienced a significant price rally, fueled by hopes that the new SEC chair will alleviate existing charges and investigations. Also, the market expects potential new ETF applications to be approved in a shorter period. Notably, Hedera ($HBAR) and Ripple ($XRP) saw their prices surge by 109.1% and 60.4%, respectively, in response to this news.Overall MarketThe above chart is the BTC daily K-line chart.Bitcoin (BTC) has continued its impressive upward trajectory following the recent US election day, reaching a remarkable new all-time high of 95,895 USDT at the time of this writing. This surge in value can be attributed to a combination of factors, most notably significant capital inflows from the exchange-traded fund (ETF) sector. Additionally, there has been a noticeable increase in the number of publicly traded companies that are adopting Bitcoin into their balance sheets, further legitimizing the cryptocurrency as a viable asset class.One of the standout players in this landscape is MicroStrategy, a publicly traded firm led by the outspoken Bitcoin advocate Michael Saylor. Since November 5, the day of the US elections, MicroStrategy's stock price has skyrocketed by over 110%. During the same period, Bitcoin itself has experienced a substantial rise of approximately 40%. This dramatic increase in MicroStrategy's share price reflects a robust investor appetite for leveraged exposure to Bitcoin. The company's strategic approach involves accumulating and holding Bitcoin on its balance sheet, which tends to drive up its stock price as the value of BTC appreciates. Furthermore, MicroStrategy has actively engaged in share offerings to raise capital specifically to acquire more Bitcoin. As the price of Bitcoin continues to ascend, this buy-and-hold strategy is likely to create a positive feedback loop, further enhancing the stock price and encouraging additional Bitcoin purchases.However, MicroStrategy's buy-and-hold approach is no longer the only avenue available for investors and traders seeking leveraged exposure to Bitcoin. The recent introduction of options trading on BlackRock’s IBIT, the largest Bitcoin spot ETF by assets under management, on the Nasdaq exchange, has opened up new possibilities for investors. This development allows investors to leverage derivatives to gain enhanced exposure to Bitcoin, providing them with more tools to manage their investments. The availability of Bitcoin ETF options not only broadens the investment landscape but also enables investors to optimize their yields, leading to more accurate return expectations. As a result, this innovation is anticipated to attract increased market interest and capital into Bitcoin, which will, in turn, benefit the broader cryptocurrency sector.Options MarketThe above is the 25-delta skew table for BTC and ETH options.As the rally in Bitcoin (BTC) prices continues to gain momentum, the prevailing bullish sentiment surrounding BTC remains robust. This is particularly evident in the options market, where the 25-delta skew for BTC options set to expire in seven days is currently reflecting a premium of 3.74. This premium indicates that traders are willing to pay more for upside potentials on BTC, suggesting a strong belief in its potential for further price appreciation. In stark contrast, Ethereum (ETH) options with the same expiration date show a much lower premium of 2.84. This discrepancy highlights a notable difference in investor sentiment, with a clear preference for BTC over ETH at this time.Moreover, the data reveals that the bullish outlook for medium- to long-term options is even more pronounced for BTC compared to ETH. This trend may be largely attributed to the recent underperformance of ETH in the market. While BTC has successfully reached multiple new all-time highs, ETH is struggling to maintain its value, currently trading below the $3,100 mark. This is a stark contrast to its previous peak of $4,868, which it achieved three years ago. The significant gap between ETH's current price and its historical high may be contributing to the more cautious sentiment among investors regarding ETH's future performance.Our analysis indicates that market attention is likely to remain heavily focused on BTC in the upcoming weeks. Given the current bullish sentiment and the potential for further upward movement, it seems plausible that BTC could continue to attract investor interest and capital. This could lead to additional price gains before any significant shift in market sentiment occurs. The 25-delta skew serves as a valuable tool for gauging market sentiment, providing insights into how traders are positioning themselves about potential price movements. As such, it will be important for investors to monitor these indicators closely better to understand the evolving dynamics of the cryptocurrency market.Macro at a glance Last Thursday (24-11-14)Initial jobless claims in the US have declined, falling from 221,000 last week to 217,000 this week, below the anticipated 224,000. This strong performance in the US labour market reinforces the Federal Reserve's cautious approach to potential rate cuts in the coming year. In October, the Producer Price Index (PPI) experienced a monthly increase of 0.2%, slightly above the 0.1% growth recorded in September. The core PPI rose by 0.3% month-over-month, surpassing September's 0.2% increase. These PPI figures indicate upward pressure on inflation in the US and support a more gradual approach to rate cuts by the Federal Reserve in the coming months.Last Friday (24-11-15)Japan's GDP growth for the third quarter stands at 0.9%, surpassing economists' expectations of 0.7%. However, the growth rate for the second quarter has been revised down from 2.9% to 2.2%. In the UK, the annual GDP growth rate for Q3 is reported at 1.0%, significantly exceeding the anticipated 0.1% and showing an improvement from the 0.7% growth recorded in Q2.In the United States, retail sales experienced a monthly increase of 0.4% in October, outperforming the forecast of 0.3%. The figure for September has also been adjusted upward from 0.4% to 0.8%. However, core retail sales only registered a 0.1% monthly growth, falling short of the expected 0.3%, with September's figure revised from 0.5% to 1.0%.On Tuesday (24-11-19)Eurozone CPI experienced a monthly growth of 0.3% in October, recovering from a decline of 0.1% in September. The annual CPI growth rate remained steady at 2.0%, consistent with September, while the core CPI growth rate also held at 2.7%.In Canada, the CPI recorded a monthly increase of 0.4% in October, bouncing back from a 0.4% decrease noted in September. The core CPI similarly saw a growth rate of 0.4%.In the UK, the CPI rose by 0.6% on a monthly basis in October, compared to a growth rate of 0.0% in September. The annual CPI growth reached 2.3%, surpassing the anticipated 2.2% for October and recovering from the 1.7% recorded in September.Convert Portal Volume ChangeThe above table shows the volume change on our Convert Portal by zone. BTC has been gradually moving higher after a rapid increase following the US election day, while altcoins have shown remarkable performance over the past week. Following the rise of large-cap altcoins, our team noted that medium- to small-cap altcoins started to attract more attention from traders.In the Monitoring sector, a significant rise in trading volume can be attributed to the exceptionally high activity surrounding Clover Finance ($CLV). The strong demand for the CLV token led to a 237.5% increase in volume within the Monitoring zone over the past week.The Polkadot sector saw an impressive 116.1% growth in trading volume, largely driven by heightened interest in Acala ($ACA).Furthermore, the RWA sector experienced a notable 88.5% uptick in trading activity, with MANTRA ($OM) drawing substantial market interest and undergoing a significant price surge.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API. 

According to Odaily, European Central Bank (ECB) Governing Council member François Villeroy de Galhau has indicated that the inflation rate in the Eurozone is expected to stabilize at 2% by the beginning of 2025. This projection comes amidst ongoing assessments of the region's economic resilience.Villeroy de Galhau's comments highlight the ECB's outlook on inflation, which is a critical factor in monetary policy decisions. The anticipated stabilization of inflation at the 2% target aligns with the ECB's long-term objectives for price stability. This forecast suggests that the central bank's measures to control inflation are on track, providing a sense of predictability for economic stakeholders.Despite various economic challenges, the European economy continues to demonstrate resilience. This resilience is crucial as it supports the ECB's efforts to maintain stable inflation rates. The ability of the Eurozone to withstand economic pressures without significant disruptions is a positive sign for future economic stability. The ECB's focus remains on ensuring that inflation does not deviate significantly from the target, thereby fostering a stable economic environment.

According to Foresight News, data from Coinglass indicates that the total open interest in Bitcoin contracts across the network has reached 643,200 BTC, approximately valued at $63 billion. This marks a new historical high, with a 24-hour increase of 9.48%.The surge in open interest reflects growing investor engagement and speculation in the Bitcoin market. This increase could be attributed to various factors, including market sentiment, upcoming economic events, or changes in regulatory environments. As Bitcoin continues to capture the attention of both retail and institutional investors, the rise in open interest suggests heightened activity and potential volatility in the market.Market analysts often view open interest as a key indicator of market sentiment and potential price movements. A rise in open interest can signal increased confidence or speculation among traders, potentially leading to significant price fluctuations. As the cryptocurrency market evolves, monitoring such metrics becomes crucial for understanding market dynamics and making informed investment decisions.