4641.54 BTC flowed into exchange wallets in the past 24 hours
Data shows that within the past 24 hours, 4641.54 BTC have flowed into exchange wallets, within the past 7 days, 8325.89 BTC have flowed into exchange wallets, and within the past 30 days, 3948.46 BTC have flowed into exchange wallets. As of the time of writing, the total balance of exchange wallets is 1,834,994.95 BTC.
CoW Swap team proposes increased fees during six-month test
The core development team of CoW Swap has released a proposal draft that will add six months of fees to test which model is best suited for long-term adoption.
The number of unconfirmed transactions on the entire Bitcoin network is 161,098
According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 161,098. The network hash rate is 460.72 EH/s, and the 24-hour transaction rate is 7.35 transactions per second. The current network difficulty is 62.46 T, and the next difficulty adjustment is predicted to increase by 1.91% to 63.66 T, which is 7 days and 22 hours away.
BTC breaks through $35,000
Market shows BTC has surpassed $35,000 and is currently trading at $35,019.9. The intraday increase has reached 1.34%, and the market is experiencing significant fluctuations. Please be prepared for risk management.
This morning, an unknown wallet transferred 10,000 BTC to Binance, worth over US$340 million.
According to Whale Alert, a chain data tracking service, an unknown wallet starting with "36zSLd" transferred 10,000 BTC worth approximately $345,041,344 to Binance Exchange at around 4:15 am on November 4th.
A BTC whale trader’s address transferred 7,000 BTC to Bitfinex on Thursday
According to BitInfoCharts data, a BTC whale trader transferred 7,000 BTC worth about $244 million to Bitfinex on Thursday evening. It is worth noting that the address had accumulated 46,500 BTC between November 2022 and January 2023 (becoming the world's 14th largest BTC holding address), with an average price per coin of less than $20,000. In late March and early April of this year, a total of 36,500 BTC was transferred to Bitfinex when the price was roughly near the year's high of around $30,000. Since then, the address has added another 2,000 BTC when Bitcoin fell to $26,000 in May. (CoinDesk)
Bitcoin supporter Javier Milei leads Argentina’s presidential election
According to Bloomberg, in the upcoming presidential election, Argentine liberal and bitcoin supporter Javier Milei is leading in the polls over Economic Minister Sergio Massa.
BTC options with a nominal value of $1.46 billion and ETH options with a nominal value of $390 million are about to expire
Greeks.live stated on social media that on November 3, option data shows that 42,000 BTC options are about to expire, with a put-to-call ratio of 0.58, and the maximum pain point is $30,000, with a nominal value of $1.46 billion. 220,000 ETH options are about to expire, with a put-to-call ratio of 0.55, and the maximum pain point is $1,700, with a nominal value of $390 million.
Bitcoin has settled more than 40 million transactions in a single quarter for the first time since its launch in Q3 2023
According to Unfolded data, since its launch in the third quarter of 2023, Bitcoin's settlement transaction volume has exceeded 40 million for the first time in a single quarter.
Cathie Wood: Bitcoin is ‘digital gold’ as a deflation hedge
Cathie Wood, a well-known fund manager in the United States, said that in order to guard against possible inflation in the next decade, she would not hesitate to bet on Bitcoin rather than gold or cash. The head of ARK Investment Management reiterated her view that with the support of new technologies such as artificial intelligence, electric vehicles, robotics, genome sequencing, and blockchain, she expects prices to enter a period of decline. This has been her consistent view since 2021, even as the market focuses on the new era of increasing inflation risks. When asked by Bloomberg's "Merryn Talks Money" podcast which of the three assets (Bitcoin, cash, and gold) she would choose to hold for 10 years, Wood said, "Bitcoin, without a doubt. Bitcoin can hedge against both inflation and deflation, and there is no counterparty risk because institutions are hardly involved."
Binance: BTC network wallet maintenance has started and will last about 30 minutes
Binance posted on social media X that BTC network wallet maintenance has begun. All withdrawals on the BTC network will be suspended for about 30 minutes. Deposits are not affected, and once maintenance is completed, withdrawals will resume.
OCCRP: Nayib Bukele embezzled funds to make Bitcoin legal tender in El Salvador
According to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP), Salvadoran President Nayib Bukele misappropriated funds to complete Bitcoin-related projects in the country. The report, released on October 31, stated that the government used resources provided by the Central American Bank for Economic Integration (CABEI) as a loan to fund the process of making Bitcoin a legal currency in the country.
The loan was provided by CABEI in 2021 to alleviate the country's economic problems and strengthen financing for small and medium-sized enterprises (SMEs) during the Covid-19 pandemic. According to the investigation, only a small portion ($20 million) of the $600 million loan was used for its intended purpose.
According to budget documents reviewed by OCCRP colleagues in the country, $425 million was used to fulfill "general national obligations," with over $200 million of that amount used to help make Bitcoin a legal currency in El Salvador. (Bitcoin.com)
7,000 BTC transferred to Bitfinex
Whale Alert monitoring shows that at 07:57 today Beijing time, 7,000 BTC (worth about $244,457,443) were transferred from an unknown wallet to Bitfinex.
Strike launches new features including direct deposit, wire transfers and card payments
The lightning payment application Strike announced the launch of new features such as direct deposit, wire transfer, and bank card payments. Specifically, it includes: 1. Supporting wire transfers, allowing Strike customers to transfer unlimited funds and purchase any amount of Bitcoin, all of which can be withdrawn immediately; 2. Direct deposit, allowing users to receive any portion of their wages paid in Bitcoin through Strike; 3. Expanded support for payment methods, including debit cards and enhanced bank connections; 4. Some customers can use Strike together with their associated payment methods without having to pay a deposit first, use a debit card for lightning payments, and send Bitcoin to a cold wallet using a bank account.
Bitcoin miner Marathon Digital partners with Nodal Power for pilot project using methane gas to power mining operations
Bitcoin mining company Marathon Digital has launched a pilot project in Utah that uses methane gas from landfill waste to generate electricity for its mining operations. The company partnered with renewable energy firm Nodal Power for the 280 kW test project, which may be expanded if successful. Other mining companies have also been exploring alternative energy sources to power their operations and reduce greenhouse gas emissions, such as using wasted natural gas. Marathon CEO Fred Thiel said the project could help the company diversify its operations, lower energy costs, and improve the environment.
EDXM Confirms Delisting of Bitcoin Cash from Trading Offerings
EDXM, a virtual asset exchange based in the US, has confirmed that it will delist Bitcoin Cash (BCH) from its trading offerings. The exchange did not provide specific details regarding the reasons for delisting BCH, but it has previously cited regulatory considerations as a factor in its selective approach to cryptocurrency listings. <br>
Onyx announces launch of $40 million XCN token facility to compensate damaged users
Onyx, a DeFi protocol, suffered a security attack of approximately $2.1 million. In order to ensure proper compensation for users, they have decided to use the XCN token facility, which is jointly owned by institutions such as LDA Capital, and worth $40 million. Onyx DAO will sell XCN tokens from their treasury through this facility to directly provide compensation for the losses caused by the attack on the Onyx Protocol, ensuring that affected users receive the funds they are owed. <br>
Switzerland’s fifth-largest state bank partners with SEBA to launch Bitcoin and Ethereum custody and trading services
According to St. Galler Kantonalbank (SGKB), the fifth largest state-owned bank in Switzerland, it has announced a partnership with SEBA Bank to provide its customers with custody and trading services for Bitcoin and Ethereum. SGKB stated that it plans to further expand its digital asset services and add more cryptocurrencies based on customer demand. <br>
Allianz Chief Economic Advisor: Bitcoin is becoming a ‘safe flight’
Mohamed A. El-Erian, the Chief Economic Advisor of Allianz and former CEO of Pacific Investment Management Company, said that Bitcoin is becoming a "safe flight". Bitcoin is replacing long-held U.S. Treasury bonds, which have long been seen as a safe haven for safety or quality. Considering the continued development of global geopolitics, although the U.S. Treasury Department can still play this role, the situation may change in the future.
