On November 3rd, Jack Dorsey's financial technology company Block (formerly Square) announced third-quarter financial results that exceeded analyst expectations, with significant growth in bitcoin revenue leading to a sharp increase in stock price in after-hours trading. The company's latest financial data shows that compared to the same period last year, its bitcoin business revenue grew by 37.5%, from $1.76 billion to $2.42 billion. The gross profit the company received from its bitcoin business also increased, from $36 million last year to $44 million.
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Fintech firm Block’s Bitcoin revenue surges nearly 40% year-on-year
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The transaction volume of 6 Hong Kong virtual asset ETFs today was HK$26.1102 million
According to Hong Kong stock market data, as of the close of trading, the turnover of 6 Hong Kong virtual asset ETFs today was HKD 26.11 million, including: -
$1.911 billion worth of SOL transferred
According to Whale Alert monitoring, 11,040,253 SOL (US $1,911,291,365) was transferred from an unknown wallet to another unknown wallet. -
DeFi TVL exceeds $95 billion again
According to defillama data, as of May 18, 2024, the total value locked (TVL) in DeFi has once again surpassed $95 billion. It is currently reported at $95.069 billion, an increase of nearly $12 billion from the low point of $83.04 billion 35 days ago. Among the top five protocols in terms of TVL, Eigenlayer has the highest 30-day increase, with TVL rising by 19.67% to a total of $15.455 billion. -
An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC. -
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. -
Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%
Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points: -
Core Foundation launches $5 million innovation fund
CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications. -
In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million
According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million. -
Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors
Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million). -
Shanghai Municipal Party Committee Secretary: Welcome Standard Chartered to establish more new institutions, new businesses and new platforms such as blockchain in Shanghai
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