Glassnode: Number of long-term Bitcoin investors holdings hits record high
On November 7th, data analysis platform Glassnode stated that as the amount of Bitcoin held by long-term investors reaches a historic high, the supply of Bitcoin is in a historically tight state.
Bitcoin open interest exceeds $15 billion
According to Coinglass platform data, the current open position of Bitcoin exceeds 15 billion US dollars, reaching 15.64 billion US dollars. Among them, Binance exchange has the largest proportion, reaching 4.096 billion US dollars; CME ranks second, reaching 3.656 billion US dollars; Bybit ranks third, reaching 2.776 billion US dollars.
1,500 BTC transferred from unknown wallet to Coinbase
According to Whle Alert monitoring, 1,500 BTC (valued at $52,128,992) was transferred from an unknown wallet to Coinbase at 21:05 Beijing time, as reported by DeepChain TechFlow.
Bitfarms mined 398 BTC in October
Bitfarms Ltd., a Bitcoin mining company, has released its financial performance for the third quarter ending September 30, 2023. Out of the 398 BTC mined in October 2023, 341 BTC have been sold, generating revenue of $10 million. The remaining 57 BTC will be added to the treasury, increasing the amount of BTC held in custody to 760 BTC. Based on the BTC price of $34,200 on October 31, 2023, the total value is $26 million.
The Bitcoin network has not produced a block for more than 1 hour
On November 7th, according to BTC.com data, the Bitcoin network has not produced a block for over 1 hour. The latest block, 815,689, was mined at 16:47:07, reported by AntPool.
Cryptocurrency writer blocked from buying BTC, but bank gave no specific reason
Cryptocurrency writer Scott Dedels stated on X that a bank blocked two Bitcoin transactions without providing any "specific" reason. Dedels now hopes people can withdraw their funds and argues that financial institutions should not control how customers decide to use their money. It is currently unclear which bank blocked Dedels' Bitcoin purchases. However, the author claims it was one of the "Big Five" Canadian banks. An insider revealed that more and more Canadian banks are keen to bolster their balance sheets. In this effort, banks are becoming increasingly sensitive and hoping to retain more funds to improve their lending capacity. This "sensitivity" explains why more and more banks are prohibiting the transfer of funds to cryptocurrency.
Yesterday, the transaction fee of the entire Bitcoin network exceeded 74 BTC, an increase of more than 4 times compared with a week ago.
According to BTC.com data, on November 7th, the total network transaction fee for Bitcoin reached 74.439 BTC, continuing the growth trend since November 3rd. Compared to the single-day total network transaction fee of 18.12 BTC on October 30th, which was more than 4 times higher.
OKX Web3 wallet BRC20 asset transaction volume increased across the board, sats 24h transaction volume exceeded 100 BTC
According to official data from BlockBeats on November 7th, the trading volume of BRC20 assets on OKX Web3 wallet has increased across the board, with the trading volume ratio ranking first in the industry. Among them, sats' 24-hour trading volume exceeded 100 BTC, reaching 102.96 BTC, with a transaction amount of 761.48 BTC and over 21 million transactions, setting a new historical high.
Glassnode sells Bitcoin tax software to Blockpit
Cryptocurrency intelligence company Glassnode has announced that it will abandon projects related to cryptocurrency taxation and instead focus on new solutions for institutional investors and DeFi. On November 6th, Glassnode announced the sale of its cryptocurrency tax platform, Accointing, to European cryptocurrency compliance provider Blockpit. A spokesperson stated that Glassnode will exit the cryptocurrency taxation field by selling Accointing to Blockpit, allowing the company to focus on providing new intelligent solutions for institutional clients in the digital asset space.
1250 BTC transferred from unknown wallet to Binance
According to Whale Alert monitoring, at 13:19:07 Beijing time, 1,250 BTC ($43,605,596) was transferred from an unknown wallet to Binance.
Core Scientific produced 910 BTC through its own mining machines in October
Core Scientific announced an update on its operations in October 2023. The company produced 910 Bitcoins through its own mining machines in October. As of the end of the month, the company operated about 145,000 of its own Bitcoin mining machines, accounting for about 73% of the total number of machines, with a total computing power of 15.1 EH/s.
In addition to self-mining, Core Scientific also provides data center hosting services, technical and operational support for about 53,000 customer-owned hosted Bitcoin mining machines. As of October 31, they accounted for about 27% of the Bitcoin mining machines operating in the company's data centers. Customer-owned machines produced about 417 Bitcoins in October, including Bitcoin rewards paid to the company based on profit-sharing agreements.
The top 14 crypto mining companies hold a total of 38,903 Bitcoins, and their total holdings are far less than MicroStrategy
According to a report released by CoinGecko, as of November 1, 2023, the top 14 listed Bitcoin mining companies held a total of 38,903 BTC, which accounted for 0.18% of the BTC supply, much lower than MicroStrategy's 152,333 BTC holdings.
Currently, the top 14 Bitcoin mining companies hold a total of 38,903 BTC. However, this only accounts for 0.18% of the maximum Bitcoin supply (21 million), far lower than MicroStrategy's 152,333 BTC holdings.
Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three listed Bitcoin mining companies with the most Bitcoin holdings. These three companies collectively hold 30,401 BTC, accounting for 78% of the total BTC holdings of leading mining companies.
The top three Bitcoin mining companies each hold more than 3,000 BTC. In contrast, the remaining 11 companies each hold less than 3,000 BTC, with a total of 8,502 BTC.
Metaverse Land Bitmap’s transaction volume exceeded 1 BTC in the past 24 hours
According to data disclosed by Ordinals Wallet, the 24-hour trading volume of the Bitmap land in the Metaverse has exceeded 1 BTC. It is reported that the developer of the Bitmap protocol is blockamoto. After the protocol was launched, Ordinalswallet officially developed a map based on Bitmap for duplication checking and engraving.
Crypto Funds See Best Inflows Since 2021 Bull Market, Bitcoin Dominates Asset Class
Investors are continuing to pour money into the cryptocurrency market, with crypto funds experiencing their best run of inflows since the 2021 bull market, according to a report by CoinShares. Investment vehicles holding cryptocurrencies saw $261 million of net inflows last week, marking six consecutive weeks of positive influx totaling $767 million. Bitcoin funds remain dominant, bringing in most of the inflows, while Ether funds saw their largest inflows since August 2022. The recent stretch of inflows signals rising demand for crypto assets among institutional investors.
Ranked by BTC holdings, the top 14 listed Bitcoin mining companies hold nearly 40,000 BTC
According to a report released by CoinGecko, as of November 1, 2023, the top 14 listed Bitcoin mining companies hold a total of 38,903 Bitcoins, which is 0.18% of the maximum supply of 21 million Bitcoins. This is much lower than MicroStrategy's holdings of 152,333 Bitcoins. Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three listed Bitcoin mining companies with the most Bitcoins, holding a total of 30,401 BTC, which is 78% of the total Bitcoin holdings of leading mining companies. The top three Bitcoin mining companies hold over 3,000 Bitcoins each, while the remaining 11 companies hold less than 3,000 Bitcoins each, totaling 8,502 BTC.
The number of addresses holding more than $1,000 in BTC reached 8 million, a record high
According to Blockware Solutions and Glassnode data, the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (equivalent to 0.028 BTC at the current price of $35,115) has increased to a historical high of 8 million. Blockware claims that this number may exponentially increase as Bitcoin continues to monetize, which is a long-term bullish development for cryptocurrencies. Monetization theoretically refers to the process of creating income potential from non-revenue generating assets.
Animoca Brands Lianchuang: The craze related to Bitcoin spot ETFs promotes the recovery of the GameFi field
Animoca Brands co-founder Yat Siu said that the market's enthusiasm for the expected launch of a Bitcoin spot ETF has not only pushed up the price of Bitcoin, but also reignited people's enthusiasm for blockchain games.
Yat Siu said: "Token value is a way to build confidence in users and utility. This is not just about making money, but also about feeling confident about what you own." Yat Siu explained that measuring the growth and confidence of the GameFi sector can be done by closely monitoring on-chain activities.
In addition, Yat Siu believes that if a spot Bitcoin ETF product is approved, it will have incredible benefits for the entire industry, increase the legitimacy of the industry, and attract a large amount of new investment from traditional financial institutions.
Luxor: The new Bitcoin computing power product is not a scam and will not repeat the failure experience of BlockFi or Celsius
Bitcoin mining service company Luxor said that its upcoming Bitcoin hash rate support product should not be compared to the failed products of BlockFi or Celsius because Luxor's product returns come from proof of work (PoW) and not from a "Ponzi scheme". Luxor's product allows investors to provide Bitcoin as collateral to Luxor to obtain a portion of the loan repayment, and then Luxor lends it to other miners for their operations; returns are generated when hash rate is "locked" by purchasing it at a discounted price from Bitcoin miners and selling it at a higher price. The Bitcoin rewards from mining come from that hash rate. Luxor expects investor returns to be between 10% and 13%. This process will be managed through Luxor's upcoming hash rate market. (Cointelegraph)
Opinion: With Bitcoin’s halving months away, it may be time to go risk-on
Robert Kiyosaki has predicted that Bitcoin's price is going to reach $100,000. Michael Saylor is aiming for $1 million. Is it a good time to start buying?
CSOP Bitcoin Futures ETF assets under management exceed US$50 million
According to data from the Hong Kong Stock Exchange, as of November 2, 2023, the asset management scale of Southern Dongying Bitcoin Futures ETF (HK:3066) has risen above $50 million and is currently $50.79 million. In addition, the asset management scale of Southern Dongying's Ethereum Futures ETF (HK:3068) is $8.63 million.
