Bitcoin transaction fees hit $61 million in past 7 days, surpassing Ethereum
IntoTheBlock stated in an article on X platform that Bitcoin transaction fees have surpassed Ethereum this week. In the past 7 days, the total Bitcoin transaction fees have reached 61 million US dollars.
Bitcoin open interest reaches $16.947 billion
According to Coinglass platform data, the current open position of Bitcoin futures contracts has reached 16.947 billion US dollars. Among them, CME has the largest proportion, at 4.48 billion US dollars; Binance ranks second, at 3.881 billion US dollars; Bybit ranks third, at 2.773 billion US dollars.
TeleportDAO is suspected of being attacked, and its Bitcoin-anchored token TELEBTC has been seriously de-anchored
According to 0xScope researcher Bobie's monitoring, cross-chain Ordinals market TeleportDAO is suspected to be under attack, and the protocol's Bitcoin-anchored token TELEBTC appears to have become unanchored.
Analysis: If the purchasing power of USDT whales continues to increase, the price of Bitcoin is expected to exceed $40,000
According to Santiment data, the price of Bitcoin has reached $38,300 for the first time since May 5, 2022. Among many contributors, the top 100 largest Tether (USDT) addresses have increased their holdings by $1.67 billion in the past six months, with purchasing power growing by 9.7%. If the purchasing power of USDT whales continues to increase, the price of Bitcoin may soon break through $40,000.
1,000 BTC transferred from unknown wallet to Coinbase
According to Whale Alert, a blockchain data tracking service, at around 01:59 Beijing time on November 25th, 1000 BTC (worth about $37,976,165) was transferred from an unknown wallet to Coinbase.
Three wallets of a whale deposited 1,957 WBTC into Binance 13 hours ago
Lookonchain monitoring shows that three wallets belonging to a whale deposited 1,957 WBTC (worth $74.6 million) into Binance 13 hours ago. These three wallets always buy WBTC at a low price and sell it at a high price, earning over $24 million in WBTC.
Bitcoin mining company Bitfarms reached a private placement subscription agreement of approximately US$43.99 million with US institutional investors
According to GlobeNewswire, on November 24th, Bitfarms, a Bitcoin mining company, announced that it had reached a subscription agreement with certain institutional investors for a private placement in the United States, raising a total of approximately CAD 60 million (approximately USD 43.99 million), including 44,444,446 common shares and up to 22,222,223 common share purchase warrants exercisable over a period of three years.<br>The net proceeds from this private placement will be primarily used for acquiring more mining companies, expanding infrastructure, and improving its working capital. The private placement is expected to be completed around November 28, 2023.
2,645 BTC transferred from unknown wallet to Coinbase, worth over $100 million
Whale Alert has detected the transfer of 2,645 BTC (worth $100,193,057) from an unknown wallet to Coinbase at 17:58 Beijing time.
Glassnode Co-Founders Predict Bitcoin Could Surge Over 400% as Gold-BTC Ratio Takes Off
The co-founders of Glassnode, a blockchain analytics platform, have expressed optimism about Bitcoin. The gold-to-Bitcoin ratio has risen and is currently on an upward trend, according to Jan Happel and Yann Allemann. The Glassnode co-founders predict that the gold-BTC ratio could rise to over 100, meaning that one BTC would be worth 100 times more than one ounce of gold. They also suggest that the Bitcoin-altcoin cycle indicator indicates that an altcoin season is on the horizon.
Slow Mist Cosine: There are three main possibilities for Bitcoin asset theft: private key theft, phishing, and SIGHASH_NONE signature.
Slow Fog Founder Yu Xian wrote on X platform: "There are indeed many technical details about Bitcoin. If your Bitcoin assets (inscriptions/BRC-20, which are essentially BTC or UTXO, are only valuable assets engraved on specific sats) are stolen, there are three main possibilities:
Bitcoin options open interest reaches $19.132 billion, reaching new high
According to Coinglass data, the nominal value of open positions for Bitcoin options on the entire network has reached a new historical high of $19.132 billion. Compared with the open positions of Bitcoin futures contracts ($16.886 billion), the nominal value of open positions for Bitcoin options is 13% higher.
Raoul Pal: Bitcoin is the best-performing asset of all time
Former Goldman Sachs executive and founder of macro research institution Real Vision, Raoul Pal, stated on social media that there are two things worth celebrating:
El Salvador's President Nayib Bukele Down Nearly 8% on Bitcoin Investment
El Salvador's President Nayib Bukele, who was a strong supporter of Bitcoin during the 2021 bull market, announced last year that the country would add one Bitcoin a day to its balance sheet. However, he has faced criticism for being reckless with the investment. According to NayibTracker, which tracks his Bitcoin purchases, Bukele is down nearly 8% on his investment of 3,120 BTC. Despite this, Bukele has been successful in improving security in the country and attracting foreign investment.
A Bitcoin user paid $3.1 million in fees on a transaction, setting a record for the highest fee ever on the Bitcoin blockchain.
On November 23, 2023 at 9:59 AM UTC, a Bitcoin user accidentally paid a high fee of 85.216 BTC (approximately $3.19 million) in a transaction. This mistake occurred in block 818,087 mined by AntPool.
Bitcoin retreats below $37,000, 24-hour gain narrows to 1.1%
According to OKX market data on November 23, Bitcoin fell below $37,000 and is currently priced at $36,992, with a 24-hour gain narrowed to 1.1%.
BTC options contracts with a notional value of $4.04 billion and ETH options contracts with a nominal value of $2.48 billion are about to expire
Deribit option data: BTC put/call ratio is 0.82, with a maximum pain point of $33,000 and a nominal value of $4.04 billion. ETH put/call ratio is 0.71, with a maximum pain point of $1,700 and a nominal value of $2.48 billion. The options will expire at 8 am UTC tomorrow.
A single transaction occurred on the Bitcoin network with a fee of 83 BTC, equivalent to approximately US$3.15 million.
On November 23rd, Whale Alert detected a single transaction on the Bitcoin network with a fee of 83 BTC, equivalent to $3.15 million.
Du Jun: If the DA layer of the sovereign Rollups L2 expansion plan is Bitcoin, the transaction confirmation time "will have to wait for more than 5 minutes."
Du Jun, CEO and executive director of New Fire Technology, posted on social media that for Layer2 expansion plans similar to Sovereign Rollups, if the DA layer is Bitcoin, it takes more than 5 minutes from transaction initiation to DA layer confirmation. This is unacceptable for transactions and businesses that are sensitive to transaction delays, such as those using real-time data such as coin prices. Therefore, even if Sovereign Rollups achieves the separation of DA and Settlement, there are still many limitations in business scalability and universality.
The proportion of BTC circulating supply that has not been active on the chain for at least one year reached 70.35%, a record high
According to blockchain analysis company Glassnode, the proportion of Bitcoin circulation supply that has not been active on-chain for at least a year has reached a record high of 70.35%, surpassing the previous peak of 69.35% in July.
After CZ resigned, the Bitcoin wallet balance on Binance exchange did not fluctuate significantly, with only a decrease of 1117.04 BTC in the past 24 hours.
More than $1 billion of funds had flowed out of the exchange since Nansen disclosed that he had resigned as CEO of Binance. However, according to the latest data from Coinglass, the balance of Bitcoin wallets on Binance exchange has not fluctuated significantly. In the past 24 hours, the balance of Bitcoin wallets on Binance exchange has only decreased by 1,117.04 BTC, and the current wallet balance is 515,434.78 BTC, which is still the largest among cryptocurrency exchanges.
