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 These funds were withdrawn from the joint wallets of miners and exchanges, with approximately 90.95% of the Bitcoin withdrawals coming from cryptocurrency exchange reserves, and about 9.05% (16,578 BTC, worth $1.17 billion) being withdrawn from the collective addresses of current Bitcoin miners.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.
British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office
A court in London, UK, sentenced a British Chinese woman named Jian Wen to 6 years and 8 months in prison for assisting her employer in money laundering related to Bitcoin. The Financial Times reported that the UK's Crown Prosecution Service has initiated civil recovery proceedings in the High Court for the confiscated assets. If no one else claims ownership of the criminal assets, half will go to the UK police and half to the UK Home Office. Huang Feng, a professor at the G20 Anti-Corruption and Asset Recovery Research Center at Beijing Normal University, said that according to UK law, if a victim of the crime asserts a claim to the property, the UK court will suspend the civil recovery application made by UK law enforcement agencies to determine the ownership of the relevant property.
Bitcoin exchange Hodl Hodl stops lending to countries and residents sanctioned by the United States and the United Nations
Non-custodial Bitcoin exchange Hodl Hodl has changed its service agreement to explicitly exclude residents of the United States (including its states and the District of Columbia), the US Virgin Islands, Cuba, North Korea, Iraq, Iran, Puerto Rico, Somalia, Syria, Sudan, and any country or region subject to United Nations sanctions from accessing its lending platform. This change is part of Hodl Hodl's stricter policy to address regulatory uncertainty and ensure platform security and integrity.
Pizza Hut Accepts Bitcoin Payments in El Salvador
Pizza Hut now accepts Bitcoin payments in El Salvador.
US spot Bitcoin ETFs saw net inflows of $948.3 million this week
According to Farside Investors data, the net inflow of the US spot Bitcoin ETF reached 948.3 million US dollars this week. Among them:Net inflow of 66 million US dollars on Monday, May 13; net inflow of 100.5 million US dollars on Tuesday, May 14; net inflow of 303 million US dollars on Wednesday, May 15; net inflow of 257.3 million US dollars on Thursday, May 16; net inflow of 221.5 million US dollars on Friday, May 17.
Over 15,000 BTC flowed out of Coinbase Pro in the past 7 days
According to the latest data from Coinglass, 15675.69 bitcoins have flowed out of the Coinbase Pro exchange wallet in the past week, and the current balance of the Coinbase Pro bitcoin wallet is 265,255.17 BTC. The Binance wallet has flowed out 6692.08 bitcoins in the past 7 days, and the current wallet balance is 538,439.5 BTC.
The balance of addresses holding more than 1,000 BTC is close to the level before FTX bankruptcy
According to data disclosed by IntoTheBlock ,since the approval of Bitcoin spot ETF by US regulatory agencies, the number of Bitcoins held by addresses holding over 1,000 BTC has increased by about 250,000 BTC, and it has now returned to the level before FTX bankruptcy.
An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.
Cointime May 12 News Express
1.The number of Bittensor subnets for the AI project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars
6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
CryptoQuant CEO: Bitcoin whales accumulated 47,000 BTC in the past 24 hours
Ki Young Ju, CEO of CryptoQuant, stated on social media that Bitcoin whales accumulated 47,000 BTC (approximately $2.773 billion) in the past 24 hours.
Arthur Hayes: New U.S. monetary policy will boost crypto market rebound
On May 2nd, BitMEX co-founder Arthur Hayes expressed optimism about the trend of Bitcoin in his latest blog post titled "May Danger". Hayes analyzed in detail the potential impact of recent changes in US monetary policy on the crypto market.
David Marcus: If Bitcoin can keep up with the speed of AI, it will become the native currency of AI
David Marcus, former president of PayPal and current CEO of Lightspark, shared his insights on the integration of artificial intelligence and Bitcoin during the Microstrategy World 2024 event in Las Vegas. He believes that Bitcoin can eliminate the inherent inefficiency and friction of legal currency and predicts that AI agents will adopt this digital native medium for value exchange.
BTC falls below $58,000
Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.
BTC and ETH options with a notional value of over $2.2 billion will expire on Friday
According to Deribit data, nominal value of over 1.285 billion USD BTC options and over 954 million USD ETH options contracts will expire on Friday (May 3rd). The maximum pain point price for BTC is 64,000 USD and for ETH it is 3,050 USD.
The premium of Bitcoin in Japan rose to 1.49% in early April, the highest since March 2020
TradingView data shows that the Bitcoin-Yen (BTC/JPY) trading pair on Japanese cryptocurrency exchange bitFlyer is trading at a premium of about 0.2% compared to the Bitcoin-US dollar price on Nasdaq-listed Coinbase (COIN). In recent weeks, mainstream cryptocurrencies have continued to show premiums when priced in yen, with the highest premium reaching 1.49% earlier this month, the highest since March 2020. This indicates that traders are diversifying their investments into alternative assets to avoid volatility in the yen.
Glassnode: 7% of Bitcoin supply locked in $60,000 to $65,000 price range
Glassnode's URPD indicator provides an in-depth understanding of the distribution of Bitcoin's unspent transaction outputs (UTXO) based on its creation price. Since February 28th, the price of Bitcoin has remained above $60,000, with only two brief dips below this level, one on March 5th and another from April 17th to 19th. Despite Bitcoin briefly breaking through $70,000 in March and April, the URPD indicator shows a large accumulation of supply between $60,000 and $65,000 - BTC transactions have been within this range for the past two weeks. According to Glassnode's data, as of April 26th, approximately 7% of the total supply is concentrated in this range.
Bitcoin hashrate price falls to historic low
An indicator measuring the profitability of Bitcoin mining is approaching the historical low point reached after the FTX collapse, indicating that miners will face difficult times in the future. According to the computing power index data, the hash price fell to $57 on Friday. This number represents the amount miners can earn per day from the computing power of 1 petahash per second. Shortly after the FTX crash in November 2022, its price reached a historical low of $55.After the Bitcoin halving on April 20th, the hash price immediately soared to $139 due to a series of activities surrounding the Rune protocol that caused transaction fees to skyrocket. According to CryptoQuant's data, this upward trend quickly reversed as fees fell back to pre-halving levels and mining difficulty increased.
Swiss National Bank President Expresses Concerns About Adding Bitcoin to Currency Reserves
Thomas Jordan, Chairman of the Swiss National Bank (SNB), expressed doubts about the prospect of the Swiss central bank buying bitcoin at the annual shareholder meeting on Friday. Jordan pointed out that adding bitcoin to the Swiss National Bank's reserve assets (including gold, foreign currency, bonds and stocks) could have potential negative effects, such as increased carbon emissions. He then emphasized the energy consumption associated with bitcoin mining and trading. We have not yet decided to invest in bitcoin, and there are actually good reasons not to. Currency reserves are for international payments. They must be liquid. They must be sustainable, and we must be able to sell and buy them. Previously, crypto advocates had called for changes to Swiss legislation to allow cryptocurrencies to be included in national currency reserves.
