Singapore cryptocurrency company BIGG Digital Assets released its Q2 financial report, with total revenue of $1.35 million, of which its subsidiary cryptocurrency trading platform Netcoins generated revenue of $1.02 million, and Blockchain Intelligence Group generated revenue of $330,000. As of June 30, 2023, BIGG Digital Assets' cash and cryptocurrency in its treasury amounted to $12.3 million, with no debt. In addition, Netcoins currently holds client assets worth approximately $66 million.
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BIGG Digital Assets Q2 Total Revenue of 1.35 Million US Dollars, Its Encryption Exchange Netcoins Revenue of 1.02 Million US Dollars
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An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
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USDC circulation increased by 200 million in the past 7 days
According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars. -
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In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million
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$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction. -
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In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
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Market News: South Africa authorizes 75 companies as cryptocurrency service providers
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