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Cointime May 12 News Express

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  • Cointime June 22th News Express

    1. 21 million LINK flowed out of the Chainlink non-circulating supply contract 3 hours ago, equivalent to approximately US$295 million
  • Bitcoin’s blockchain bandwidth utilization exceeds 90% for the first time since April halving

    Since the halving event in April, the blockchain bandwidth usage rate of Bitcoin has exceeded 90% for the first time. The increase in bandwidth usage after the halving is mainly attributed to the adoption of new token standards, including Runes and BRC-20. Dune Analytics data shows that the transaction volume involving these two token standards has significantly increased, especially on April 23, when the transaction volume of Runes exceeded 750,000.
  • Trump campaign returns excess donations to Gemini

    Donald Trump's campaign team has returned donations exceeding the legal limit to the United States cryptocurrency exchange Gemini's co-founders Cameron Winklevoss and Tyler Winklevoss. Earlier, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss tweeted that they had each donated 1 million US dollars worth of Bitcoin (15.47 BTC) to the Trump campaign, exceeding the maximum limit of $844,600 per person that the Trump committee can legally accept.
  • Glassnode: Bitcoin miners have not "completely sold off" and may be in the break-even period

    Glassnode Chief Analyst James Check said that Bitcoin miners may be struggling, but they may not have fully entered a bear market level. They mine 10 bitcoins and then sell 10 bitcoins. Miners must adapt and adjust fees to become their main source of income, forcing the industry to further innovate and apply effective capital management.
  • He Yi: Projects with high valuations cannot only be judged by market value, the era of haircuts may be coming to an end

    Binance co-founder He Yi wrote on Binance Square: "2017 was the era of ICOs, where you could make money as long as you got a share. In 2021, with the rise of DeFi, as long as you move fast, you can make money by participating in yield farming. Buying new instead of old is also a typical feature of this period. However, now IEOs are generally considered to have legal risks in most countries, so they can only be airdropped and priced by the market. This means that if there is a large circulation, the opening price of the project will be relatively stable, such as BB and LISTA, but compared to 2021, the rise is still too fast, lacking sufficient washing-out process.
  • BTC fell below 64,000 USDT, down 1.36% in 24 hours

    OKX market shows that BTC has fallen below 64,000 USDT and is now reported at 63,980.1 USDT, with a 24-hour decrease of 1.36%.
  • ETH fell below 3500 USDT, down 0.44% in 24 hours

    OKX market data shows that ETH has fallen below 3500 USDT and is currently trading at 3498.01 USDT, with a 24-hour decline of 0.44%.
  • Analysis: MicroStrategy’s BTC purchases offset German government selling pressure

    Some analysts believe that the German government's massive sale of Bitcoin is the reason for the sluggish cryptocurrency market. In addition, traders are concerned that the stock market may have peaked and that the US fiscal situation is weakening. According to previous monitoring by the on-chain crypto analysis company Arkham, a wallet related to the German government transferred 6,500 BTC to exchanges on June 19th, worth $425 million at the time. The wallet holds nearly 50,000 BTC, reportedly seized from the pirated movie website Movie2k that has been operating since 2013. Data shows that these BTC were sent to Kraken, Bitstamp, and Coinbase. However, MicroStrategy disclosed that it has purchased an additional 11,931 BTC for $786 million, which offsets the selling pressure.
  • Vitalik: Crypto culture "idealistic hippies" still exist

    Vitalik Buterin, co-founder of Ethereum, responded to criticism of the new institutional focus on blockchain and cryptocurrency projects. Vitalik stated that the "idealistic hippies" of the crypto culture still exist, and that significant progress has been made in this area, citing Lens and Farcaster as examples.
  • Xu Zhengyu: The SAR government will maintain an open attitude to promote the responsible use of artificial intelligence in the financial industry

    Mr. Edward Yau, Secretary for Financial Services and the Treasury of Hong Kong, stated at the 2024 Lujiazui Forum in Shanghai that Hong Kong has the largest offshore RMB pool and unique advantages in developing the offshore RMB market under the principle of "One Country, Two Systems". With the continuous evolution of artificial intelligence technology, which has been applied in various fields of Hong Kong's financial industry, Mr. Yau said that the SAR government will maintain an open attitude, closely monitor market development, and refer to experiences at home and abroad to promote the responsible use of artificial intelligence in the financial industry.