Odaily Planet Daily News reported that Grayscale officially stated in an interview that John Hoffman, the new Managing Director and Head of Distribution and Strategic Partnerships at Grayscale, has been investing in BTC since 2013, but "it took much longer to emotionally invest in its innovation." Hoffman also stated that in terms of time, the innovation trigger for blockchain has already passed 15 years, but when considering the adoption and impact of blockchain, it may currently only be at 1% of an exponential trend. Hoffman expects that digital assets will change the way people live, work, and entertain themselves in the next decade, and are now entering the "enlightenment slope," where the early promises of blockchain are increasingly being put into practice and demonstrating real-world utility.

According to Coinglass data, the balance of Bitcoin wallets on Binance has fallen below 500,000 BTC to 499,909.29 BTC. In the past 7 days, it has decreased by more than 9,340 BTC, and in the past 30 days, it has decreased by 38,337.54 BTC. Bitfinex and Gemini were the exchanges with the most significant increase in Bitcoin wallet balances in the past 30 days, with an increase of 12,269.47 BTC and 10,989.97 BTC, respectively.

According to a data statistics chart, so far, 14 major authorized participants have applied for a spot Bitcoin ETF. Their total asset management scale is $14 trillion.

On December 1st, Bitcoin reached a new 19-month high of $39,000 on Bitstamp, following comments made by the United States Federal Reserve Chair, Jerome Powell, about the current state of the US economy and progress towards reducing inflation. Powell stated that it would be premature to conclude with confidence that the Fed had achieved a sufficiently restrictive stance, or to speculate on when policy might ease. However, Powell's cautious tone appeared to boost risk asset sentiment. While market expectations unilaterally favored a pause in hikes, some financial commentary resources remain cautious about the Fed's future actions.

According to Whale Alert, 2,588 BTC worth $99.38 million were transferred from an unknown address to Coinbase.

IntoTheBlock data shows that due to the cooling of Ordinals-related transactions, Bitcoin fees have dropped by more than 50% this week, to about $27.1 million.

On December 1st, CleanSpark, a bitcoin mining company, released an update on its production and operation in November. It produced 666 BTC and sold 402 BTC last month. As of November 30th, it holds a total of 2575 BTC.

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.

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.

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%.