Daily market update (December 10, 2024, 10:30 AM)
ChainDD's market report on December 10 shows that the comprehensive index and CoinMarketCap quotes:
BTC is priced at $96,156.26, down about 3.07% in the last 24 hours;
ETH is priced at $3,647.98, down about 7.68% in the last 24 hours;
BNB is priced at $681.23, down about 6.00% in the last 24 hours;
DOT is priced at $8.15, down about 20.42% in the last 24 hours;
DOGE is priced at $0.3901, down about 14.12% in the last 24 hours.
Cryptocurrency market dynamics
The total market capitalization of stablecoins has surpassed $200 billion, reaching a historic high.
According to data from The Block, the total market capitalization of stablecoins has reached a historic high, surpassing $200 billion, an increase of 13% from last month.
Coinbase analysts stated that the growth of stablecoin market capitalization may be driven by investors seeking on-chain lending rates, as on-chain lending rates exceed those of traditional finance.
CZ: Yesterday, using BTC for payment took 15 minutes to confirm, but it's still better than TradFi.
CZ commented on X: "Amazon shareholders proposed that the company explore adopting a Bitcoin financial strategy": "Simple question, accept Bitcoin payments? (Simple, Accept bitcoin payments?)"
In response, some users questioned that Bitcoin is not a good payment method, to which CZ responded: "Indeed. I paid $17.08 using Bitcoin yesterday but had to wait 15 minutes for confirmation. However, it's still better than TradFi. I didn't need to call anyone to fix it; it worked normally after 15 minutes. Crypto, I agree."
NVIDIA is suspected of violating antitrust laws, and the Market Regulation Administration has decided to initiate an investigation in accordance with the law.
Recently, due to NVIDIA's suspected violation of the Anti-Monopoly Law of the People's Republic of China and the announcement from the Market Regulation Administration regarding the antitrust review decision on NVIDIA's acquisition of Mellanox Technologies, the Market Regulation Administration has legally initiated an investigation into NVIDIA.
Yu Xian: The DEXX hacker transferred another 300 ETH into Tornado Cash this morning.
Slow Mist's Yu Xian posted on X: "This morning, the DEXX hacker transferred another 300 ETH into the Tornado Cash mixing protocol."
Degen will migrate to Alchemy today, and service may be interrupted during this period.
Degen posted on X that it will migrate from Conduit to a new Rollup-as-a-Service provider Alchemy today, and service may be interrupted during the migration period (PST time from 9 AM to 3 PM).
El Salvador is expected to reach a $1.3 billion loan agreement with the IMF, which will cancel the mandatory acceptance of Bitcoin payments by businesses.
The El Salvador government expects to reach a $1.3 billion loan agreement with the International Monetary Fund (IMF) within the next 2-3 weeks.
As a condition, the country will lift the mandatory requirement for businesses to accept Bitcoin payments. Additionally, the government promises to reduce the budget deficit by 3.5 percentage points and increase foreign exchange reserves to $15 billion.
Tether: As of early Q4, the number of wallets holding USDT reached 109 million.
Tether's latest data shows that as of early Q4 2024, the number of on-chain wallets holding USDT reached 109 million, which is four times the total of all other stablecoin holding wallets.
The number of USDT wallets holding more than $0.01 is 54 million, while other stablecoins only have 13.8 million. In the past year, the number of USDT wallets increased by 71%, and the year before that saw a growth of 129%.
