Bitcoin mining company Bitfarms produced 392 BTC in November
Bitcoin mining company Bitfarms released an update for November 2023, producing a total of 392 BTC, which is a 1.5% decrease compared to October. The hash rate increased by 2% to 6.4 EH/s, and they sold 350 BTC, resulting in a total revenue of $12.8 million. They also confirmed the purchase of 35,888 Bitmain T21 mining machines.
1,500 BTC transferred from unknown wallet to Bitfinex
According to the on-chain data tracking service Whale Alert, at around 20:47 Beijing time today, 1,500 BTC (worth about $57,629,213) was transferred from an unknown wallet to Bitfinex.
Bitcoin mining company Bitfarms mined 392 BTC in November
On December 1, Bitfarms Ltd., a Bitcoin mining company listed on Nasdaq, announced its monthly update for November 2023. The company mined 392 BTC and sold 350 BTC last month. It is expected that the operating capacity in H1 2024 will increase by 29% and the computing power will increase by 88%.
Binance Bitcoin contract open interest increased to $4.413 billion, surpassing CME and returning to first place
According to Coinglass data, the open position of Bitcoin futures contracts on Binance has increased to 114,200 BTC (approximately $4.413 billion), surpassing the open position of CME contracts (108,900 BTC, approximately $4.21 billion) and becoming the largest Bitcoin futures trading platform once again.
Glassnode: More than 37,000 Bitcoins have flowed out of the trading platform since November 17, worth $1.4 billion
Glassnode data shows that over 37,000 bitcoins (worth $1.4 billion) have flowed out of trading platforms since November 17th.
A giant whale once again withdrew 980 BTC from Binance, equivalent to approximately US$37.5 million.
According to on-chain analyst Yu Jin's monitoring, a whale withdrew 980 BTC ($37.5 million USD) from Binance one hour ago. This address has withdrawn a total of 2,380 BTC ($90.78 million USD) from Binance in the past three days. The whale currently holds a total of 2,431 BTC ($93.05 million USD) with an average cost of $37,985 USD.
980 BTC transferred from Binance to unknown wallet
According to blockchain data tracking service Whale Alert, at around 15:33 Beijing time today, 980 BTC (worth about $37,533,232) was transferred from Binance to an unknown wallet.
Matrixport: Bitcoin expected to reach $63,140 in April next year and enter a three-year bull market
According to a report by Matrixport, Bitcoin is expected to reach $63,140 in April 2024 and $125,000 by the end of 2024. Matrixport attributes this trend to historical trends, halving of mining rewards, favorable geopolitical and macroeconomic factors, and expects a sustained three-year bull market to emerge.
BTC breaks through 38,000 USDT again
OKX market shows that BTC has once again broken through 38,000 USDT, currently reporting 38,005.1 USDT, with a 24-hour increase of 1.02%.
BC Technology: Its subsidiary OSL cooperates with Victory Securities to provide BTC and ETH trading services to Hong Kong retail customers
Hong Kong-listed company BC Technology announced that its licensed virtual asset trading platform OSL has expanded its cooperation with Victory Securities to the Hong Kong retail market. BC Technology stated that Victory Securities is the first licensed corporation in Hong Kong approved by the Securities and Futures Commission to provide virtual asset trading and advisory services to retail investors. Previously, the cooperation between the two parties was limited to professional investors. Currently, Victory Securities will support Hong Kong retail customers to trade virtual assets such as Bitcoin (BTC) and Ethereum (ETH) through the OSL platform.
Grayscale hires John Hoffman as managing director or prepares to launch spot Bitcoin ETF
According to a memo released this week, the US Securities and Exchange Commission (SEC) is in official contact with asset management companies before making a decision on whether to approve a Bitcoin ETF. The regulatory agency stated in a memo that it met with Grayscale on Thursday to discuss the potential conversion of its Bitcoin Trust fund into an ETF. SEC officials also met with representatives from BlackRock and Nasdaq. While the SEC may still decide to block crypto ETFs, many industry experts expect such funds to launch in the US early next year. In recent months, the regulatory agency has delayed decisions on several Bitcoin funds and may choose to approve or reject all applications around the same time.
Grayscale report: About 74% of Bitcoin addresses hold less than 0.01 BTC
According to a report released by Grayscale, as of November 6th, 2023, approximately 74% of Bitcoin addresses hold less than 0.01 BTC, which is worth around $350. Only 2.3% of Bitcoin owners have 1 BTC or more (as of November 6th, 2023, each Bitcoin was worth around $35,000). Additionally, as of November 6th, 2023, the top five Bitcoin holders are either cryptocurrency exchanges or government entities.
MicroStrategy Purchases 16,130 Bitcoin for $593.3 Million, Bringing Total Holdings to $6 Billion
MicroStrategy, a business intelligence firm, has purchased 16,130 Bitcoin in November for approximately $593.3 million, at a price of $36,785 per Bitcoin. This brings the company's total Bitcoin holdings to 174,530, worth roughly $6.6 billion at the time of publication. MicroStrategy has consistently been purchasing large volumes of Bitcoin since adopting it as its treasury reserve asset in August 2020 and reported a gain of $900 million for its Bitcoin holdings in Q3 of 2023.
A certain whale has held a total of 10,796 BTC since November 28, with an unrealized profit of US$11.2 million.
According to The Data Nerd, since November 28th, the whale address starting with 157hv has accumulated a total of 10,796 BTC ($401 million) at an average price of $37,208. This whale is the 71st largest holder of Bitcoin and currently has an unrealized profit of $11.2 million.
A new address has accumulated 10,796 BTC since November 28
As monitored by The Data Nerd, a new whale address starting with "157hv" has accumulated a total of 10,796 BTC (approximately $401 million) at an average price of $37,208 since November 28th. Currently, they are the 71st largest holder of BTC with unrealized profits of $11.2 million.
29,000 BTC and 230,000 ETH options are about to expire
According to [email protected] monitoring, 29,000 BTC options are about to expire with a Put Call Ratio of 0.58, a maximum pain point of $37,000, and a nominal value of $1.13 billion.23,000 ETH options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $2,100, and a nominal value of $470 million.<br>Cryptocurrency volatility has significantly decreased this week. After last week's monthly settlement, BTC has hit $38,000 three times in a row but ultimately failed to hold.
Bitcoin non-custodial P2P order book service provider Saturn completes over US$500,000 in Pre-Seed round of financing
Saturn, a non-custodial P2P order book service provider for Bitcoin, announced the completion of over $500,000 in Pre-Seed funding, with Big Brain Holdings leading the investment and participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and a group of Web3 angel investors. Saturn mainly provides small-scale Bitcoin P2P order book trading services based on "satoshis" as units. Its wallet tools can protect and manage users' small-scale Bitcoin funds, and the new funds will be used to develop new infrastructure to provide users with an on-chain token experience similar to Ethereum and Solana.
More than $1.12 billion in BTC and $469 million in ETH options contracts set to expire on Friday
On November 30th, Deribit data shows that BTC options with a nominal value of over $1.12 billion and ETH options with a nominal value of over $469 million will expire and be delivered on Friday, December 1st. The maximum pain point price for BTC is $37,000 and for ETH it is $2,100.
Yesterday, the Bitcoin transaction fee on the entire network was only 63.6 BTC, which was about 80% lower than the high in mid-November.
According to BTC.com data, on November 30th, BlockBeats reported that the total network transaction fee for Bitcoin was only 63.6 BTC yesterday, a decrease of 79.9% compared to the total network transaction fee of 317.4 BTC on November 16th.
Research report: About 74% of Bitcoin addresses hold less than 0.01 BTC
On November 30th, according to the report "Uncovering Bitcoin Ownership Patterns" released by Grayscale Research, as of November 6th, 2023, about 74% of Bitcoin addresses hold less than 0.01 BTC, which is approximately equivalent to $350. Only a small portion (2.3%) of Bitcoin holders own more than one Bitcoin.
