【Blockchain News】📈

USDC circulation has decreased by about $900 million in the past week, which has attracted market attention. Meanwhile, BlackRock's IBIT had a net inflow of $43.2 million yesterday, showing the continued interest of institutional investors in Bitcoin.

However, Santiment data shows that this market decline is comparable to the decline in early July, but the same enthusiasm for buying on dips is not currently seen. QCP Capital pointed out that the US government's transfer of BTC, Mt.Gox and Genesis repayments have jointly brought panic selling pressure to the market.

In addition, in the second quarter of 2024, XRP Ledger's on-chain transaction volume fell by 65.6%, raising concerns about its future development.

Despite market volatility, Bitcoin still shows strong appeal and deserves continued attention! 🚀