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.
