The number of Bitcoin Lightning Network nodes is 14,604
According to data from 1ML, the current number of lightning network nodes for Bitcoin is 14,604, a decrease of 1.95% in the past 30 days; the number of channels is 62,685, a decrease of 2.1% from a month ago; and the network capacity is 5,282.19 BTC, an increase of 1% per month.
81,954 addresses hold at least $1 million in Bitcoin
Bitcoin News stated on social media that currently, there are 81,954 addresses that hold at least $1 million worth of Bitcoin, which is almost triple the amount from January 2023 when there were only 28,084 Bitcoin addresses worth at least $1 million.
The number of unconfirmed transactions on the entire Bitcoin network is 205,040
According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 205,040, the network's computing power is 454.72EH/s, and the 24-hour transaction rate is 8.14 transactions/s. The current network difficulty is 64.68T, and it is predicted to increase by 0.09% to 64.74T in the next difficulty adjustment, which is 14 days and 1 hour away.
Bitcoin open interest reaches $16.671 billion
According to data from the Coinglass platform, the current open position of Bitcoin futures contracts has reached $16.671 billion. Among them, CME has the largest share, at $4.204 billion; Binance ranks second, at $3.937 billion; and Bybit ranks third, at $2.668 billion.
The number of Bitcoin millionaires exceeds 88,000, an increase of 215% from the beginning of the year
According to BitInfoCharts data, as of November 12th, the number of Bitcoin millionaires was 88,628, an increase of 215% compared to January 5th (28,084). Specifically, the number of addresses holding at least $1 million in Bitcoin was 81,962, while the number of addresses holding at least $10 million in Bitcoin was 6,666.
Paolo Ardoino: El Salvador will become the financial center of Central and South America
The third "Adopting Bitcoin" event was held in El Salvador. Paolo Ardoino, CEO of Tether, said in an interview that El Salvador will succeed from a macroeconomic perspective. Bond ratings continue to improve, and even some Bloomberg reporters have to admit that President Bukele's domestic and foreign policies are correct. The new digital asset law is putting El Salvador on the path to becoming a financial center in Central and South America. It provides certainty for people and guidance on how to do things correctly. No one wants the Wild West. El Salvador has made great efforts to prevent fraudsters from entering the country, which is one of the most beautiful stories the country can create. Strengthening digital asset laws is very important. We hope to make things clear and open, and make everyone follow the rules.
Miners such as Terawulf had a liquidation-to-production ratio of 105% in October
In the past three months, the amount of BTC sold by the top 13 cryptocurrency mining companies listed has exceeded their production for the first time. According to data from the Bitcoin mining research platform TheMinerMag, the liquidation-to-production ratio of mining companies such as Marathon Digital, Core Scientific, Argo Blockchain, Bitfarms, Bit Digital, Hut 8, Iris Energy, and Terawulf in October was 105%, which means they sold all mined coins and held assets.
It is worth noting that some mining companies sell all the BTC they mine every month, but companies such as Marathon, Hut 8, Cipher, CleanSpark, and Bit Digital use a mixed funding strategy, and their liquidation volume in October was higher than in previous months. Bit Digital and Hut 8 sold 422 and 365 BTC respectively, with the highest individual ratio and a liquidation volume exceeding 300% of the monthly production.
The current total market value of cryptocurrency is US$1.455 trillion, with BTC accounting for 49.57%
According to Coingecko data, the current total market value of cryptocurrencies is $1.455 trillion, which has decreased by 0.31% in the past 24 hours. As of now, the total market value of BTC is $722 billion, which accounts for 49.57% of all cryptocurrencies. Meanwhile, the market value of stablecoins is $127 billion, which accounts for 8.72% of the overall cryptocurrency market.
BTC briefly fell below 37,000 USDT
According to the OKX market, Bitcoin briefly fell below the 37,000 USDT mark, reaching a low of 36,630 USDT, with a daily decline of 0.07%, and is currently priced at 37,030 USDT.
Bitcoin Argentina president proposes draft bill “proposing to regulate cryptocurrency markets in a way that preserves decentralization and strengthens public trust”
Ricardo Mihura, the Bitcoin Argentina president, proposed a proposed legal framework for regulating the cryptocurrency market in a way that maintains decentralization and strengthens public trust at the LABITCONF 2023 conference held in Buenos Aires, the capital of Argentina. Bitcoin Argentina had previously denied the need for regulation in the industry. However, Bitcoin advocates now believe that this is not only necessary to protect the blockchain, but also to hold bad actors accountable within the limits of the law.
Mihura said: We have always rejected attempts to regulate the crypto economy, but this time we have set ourselves the goal of making a positive response, with only two objectives: maintaining decentralization, protecting savings and public trust. We cannot turn a blind eye to the dishonesty of those who spread blockchain brands and the number of projects.
Former Bitmex CEO: Bitcoin performed better than bonds during war times
According to former Bitmex CEO Arthur Hayes, in response to US Treasury Secretary Janet Yellen's fiscal policy, it suggests that other central banks will adopt similar quantitative easing strategies. For investors, Hayes recommends avoiding long-term bonds and instead opting for more liquid short-term investments. For example, cryptocurrencies can surpass the growth of central bank balance sheets, and Bitcoin performs better than bonds during times of war.
4,000 BTC transferred from Kraken to Bitfinex
According to WhaleAlert monitoring, at 02:15:36 today Beijing time, 4,000 BTC (148,202,480) were transferred from Kraken to Bitfinex.
Bitcoin open interest exceeds $16 billion
According to data from Coinglass platform, the current open position of Bitcoin futures contracts exceeds $16 billion, reaching $16.716 billion. Among them, CME has the largest proportion, which is $4.198 billion; Binance ranks second, which is $3.895 billion; Bybit ranks third, which is $2.708 billion.
The number of unconfirmed transactions on the entire Bitcoin network is 131,292
According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 131,292, the network hash rate is 455.31EH/s, and the 24-hour transaction rate is 7.06 transactions/s. The current network difficulty is 62.46T, and the next difficulty adjustment is predicted to increase by 2.64% to 64.11T, with 22 hours and 16 minutes left until the adjustment.
CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?
CoinDesk’s Omkar Godbole says rising open interest on the Chicago Mercantile Exchange isn't always the best indicator for bitcoin’s price.
Can Stablecoins Get Past Their Instability?
Moody's Head of DeFi Rajeev Bamra considers the role stablecoins play cryptocurrency markets, and the risks posed by "depegging" events.
Getting Ready for Bitcoin's Catalysts
How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.
The giant whale holding a long position of 35 million US dollars added an additional 8 million US dollars of BTC long positions yesterday
According to data tracked by Arkham, a golden financial report shows that a whale with an address starting with 0x160 holds long positions worth more than $35 million on GMX and Kwenta. Yesterday, the whale increased its BTC long position by $8 million using leverage of more than 15 times.
Number of Bitcoin addresses holding more than $1,000 worth hits record high
According to data shared on social media by Bitcoin Magazine, the number of Bitcoin addresses holding more than $1000 in value has reached a historic high.
At the end of this week, the main CME Bitcoin futures BTC contract rose by 7.93%.
On Friday (November 10th) at the end of trading in New York, the CME Bitcoin futures BTC main contract was reported at $37,565, up 2.06% from Thursday's New York close, with a total increase of 7.93% this week, and overall trading in the range of $34,755-$38,380. The CME Ethereum futures DCR main contract was reported at $2,112.50, up 1.73% from Thursday, with a total increase of 9.54% this week, and overall trading in the range of $1,863-$2,154.
