The total open interest of BTC contracts on the entire network is $36.429 billion
According to Coinglass data, the total open position for BTC futures contracts on the whole network is 524,200 BTC, equivalent to approximately 36.429 billion US dollars.
What are validiums, and how do they work?
Validiums are a layer-2 scaling solution designed to optimize Ethereum’s performance by processing transactions off-chain.
Bitcoin volatility nears all-time low within 6%
According to Rapha Zagury, Chief Investment Officer of Swan Bitcoin, the volatility of Bitcoin is close to its lowest historical level of within 6%, and the price of Bitcoin has hardly fluctuated in the 15 days prior to the significant drop on June 7th. During the period from May 24th to June 7th, the volatility was within the "lowest 6% of occurrence."
More than 3,860 BTC flowed out of Binance in the past 7 days
According to the latest data from coinglass, 3860.668 bitcoins have flowed out of Binance exchange wallet in the past week, and the current balance of Binance bitcoin wallet is 579,954.47 BTC. Coinbase Pro wallet has received 3523.49 bitcoins in the past 7 days, and the current wallet balance is 890,596.31 bitcoins.
Bitcoin Miners and Exchange Reserves Drop 183,253 BTC Since January
Data shows that within the 158 days since the beginning of this year, the amount of Bitcoin held by exchanges and miners has decreased by 183,253 BTC, worth nearly $13 billion. These funds were withdrawn from the joint wallets of miners and exchanges, with approximately 90.95% of the Bitcoin withdrawals coming from cryptocurrency exchange reserves, and about 9.05% (16,578 BTC, worth $1.17 billion) being withdrawn from the collective addresses of current Bitcoin miners.
Bitcoin and Stablecoins are a Threat to Weak Emerging Market Currencies
Bitcoin is changing the world. With change comes uncertainty and, for many, anxiety. It is natural to wonder what the future will look like, and also to worry about whether this change will be for the better or the worse. We are creatures of planning, of preparation, but more than anything, of adaptation.
Cointime June 2 News Express
1.U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas2.Kaiko: Korean AI token weekly trading share rose to 18.7% in May3.The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market
4.Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion5.A whale has transferred 149.9 billion PEPE from Binance again, worth $2.3 million6.Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop
7.The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high8.The total open interest of BTC options on the entire network is $18.87 billion
9.Amber Group’s associated address deposited 2.96 million FRONT to Binance, worth $4.26 million10.US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May
US spot Bitcoin ETFs increased their holdings by 29,592 BTC in May
HODL15Capital has monitored that the US Bitcoin ETF has added a total of 29,592 BTC in May, worth approximately $2.004 billion.
The total open interest of BTC options on the entire network is $18.87 billion
According to Coinglass data, the nominal value of open positions for BTC options across the entire network is $18.87 billion, while the nominal value of open positions for ETH options is $9.62 billion.
The number of Bitcoin transactions on the chain reached 18.19 million in May, a record high
The Block data shows that the number of on-chain Bitcoin transactions in May reached a monthly record high of 18.19 million transactions. The previous monthly high was 17.54 million transactions in December last year.
Declining popularity of Ordinals and Runes leads to lower Bitcoin on-chain fees
In early 2024, the total transaction fees for Bitcoin soared. After the halving event in April, fees rose sharply and reached a historical high. On April 20th, the transaction fee reached a peak of 1,257.71 BTC, accounting for over 75% of the miner's income that day. Although fees have recently fallen to similar levels as mid-2023, there has been a recent upward trend. The increase in transaction fees indicates the feasibility of a shift in miner income structure, which is crucial for the sustainability of Bitcoin in the future. Once all Bitcoin is mined, it will inevitably require a transition in income structure.
Bitcoin miners’ revenue fell sharply in May to $963 million, a 46% drop
According to data from The Block Pro, Bitcoin miner revenue decreased by 46% to $963 million in May due to the impact of the Bitcoin block reward halving in April. In addition, Ethereum staking revenue increased by 4.1% to $267 million. Furthermore, the Ethereum network burned 26,747 ETH in May, worth approximately $91.7 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned approximately 4.3 million ETH, worth about $12.1 billion.
Coinbase has a net outflow of 40,406 BTC in the past two months, worth $2.7 billion
According to data, on April 1st, Coinbase's Bitcoin holdings were close to 1 million, at 928,743 BTC. As of today, according to Arkham data, their holdings have decreased to 888,337 BTC. This means that in the past 60 days, Coinbase's Bitcoin holdings have decreased by 40,406 BTC, worth 2.7 billion USD.
U.S. Senator: Purchased 3 Bitcoin mining machines and started mining in Texas
US Senator Ted Cruz stated that he purchased three Bitcoin mining machines and has started mining in Texas.
DMM stolen BTC has been transferred to 10 addresses
According to Lookonchain monitoring, the Japanese cryptocurrency exchange DMM Bitcoin was hacked, with a loss of 4,502.89 US dollars worth of BTC, valued at 305 million US dollars. Currently, the hacker has transferred the 4,502.89 US dollars worth of BTC to 10 addresses.
The total open interest of BTC contracts on the entire network has dropped to 508,000 BTC
Coinglass data shows that the total open position of BTC futures contracts on the entire network is 508,000 BTC, equivalent to approximately 34.426 billion US dollars. Among them, the open position of CMEBTC contracts is 153,700 BTC (approximately 10.391 billion US dollars), ranking first; the open position of Binance BTC contracts is 114,600 BTC (approximately 7.77 billion US dollars), ranking second.
10,421 BTC flowed into exchange wallets in the past 7 days
According to the latest data, 334.14 BTC have flowed into the exchange wallet in the past 24 hours, 10,421.38 BTC have flowed into the exchange wallet in the past 7 days, and 599.78 BTC have flowed into the exchange wallet in the past 30 days. As of the time of publication, the total balance of the exchange wallet is 1,734,943.98 BTC.
Bitcoin network transaction high priority fees dropped to 9 Sat/byte
According to mempool.space data, Bitcoin network transaction fees have decreased, with high priority fees dropping to 9 Sat/byte.
Donald Trump declares US must not settle for ‘second place’ in crypto industry
Former United States President Donald Trump claims he is "very open minded" to "all things related to this new and burgeoning industry."
