European Cryptocurrency Trading Volume Increased Over 200% in December
According to a new report from Kaiko, European cryptocurrency trading volume in December increased by over 200%, with monthly trading volume in euros reaching €16 billion (approximately $17 billion), up from a low point of around €5 billion (approximately $5.4 billion) three months ago. Kaiko stated that the surge in trading activity among traders helped Europe's market share in global fiat currency trading volume rise from 6.2% in the past 12 months to 7.7%. In addition, data shows that a few exchanges account for over 98% of euro trading volume, including Bitvavo, Kraken, Coinbase, Bitstamp, and Binance.
CoinGecko: More than 50% of cryptocurrencies have died since 2014
According to CoinGecko's report, since 2014, out of over 24,000 cryptocurrencies listed on CoinGecko, 14,039 have died, accounting for over 50%.Most of the dead cryptocurrencies were launched during the bull market from 2020 to 2021. During this period, 7,530 cryptocurrencies died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. During the previous bull market, over 11,000 cryptocurrencies were listed on CoinGecko, and about 70% of them have since been shut down.In 2023, 289 cryptocurrencies listed on CoinGecko died. This means a failure rate of less than 10%, with over 4,000 cryptocurrencies listed, a significant decrease from previous years.
The total market value of cryptocurrency exceeded $1.76 trillion, and BTC’s market share was 47.3%
According to CoinGecko data, the total market value of cryptocurrencies has reached 1.76 trillion US dollars, with a 24-hour decline of 0.5%. In addition, BTC market share is 47.3%, and ETH market share is 17.3%.
U.S. cryptocurrency stocks fell before the market opened, with Marathon Digital falling more than 4%
Data shows pre-market declines in US cryptocurrency stocks, with Marathon Digital falling over 4% and Coinbase and Canaan Inc. both falling over 2%.
Cryptocurrency concept stocks surge, Canaan Technology rises more than 14%
The three major U.S. stock indexes collectively opened higher, with the Dow up 0.21%, the Nasdaq up 0.34%, and the S&P 500 up 0.22%. The U.S. Securities and Exchange Commission has approved the listing and trading of 11 Bitcoin spot ETFs, and stocks related to cryptocurrencies have soared, with Canaan Technology up over 14%, Marathon Digital and Riot Platforms up nearly 7%, and MicroStrategy up nearly 6%.
Cryptocurrency concept stocks fell, MicroStrategy fell nearly 2%
US stock market opened slightly higher, with the Dow rising 0.05%, the Nasdaq rising 0.13%, and the S&P 500 rising 0.08%. The SEC clarified that it has not yet approved a Bitcoin ETF, and Bitcoin briefly fell below $45,000. Cryptocurrency concept stocks fell across the board, with Marathon Digital and Riot Platforms falling more than 3% and MicroStrategy falling nearly 2%.
Turkish Finance Minister: Türkiye’s draft rules for crypto assets have entered the final stage
Turkey's Finance Minister, Şimşek, stated that the country's cryptocurrency regulations are in the final stages and are expected to bring licensing and operational standards to trading platforms. He said that these regulations aim to reduce the risks of trading cryptocurrencies and help the country be removed from the "gray list" of international financial crime regulatory agencies. According to a report by blockchain analysis company Chainalysis, Turkey's original cryptocurrency trading volume ranked fourth globally, reaching approximately $170 billion last year, behind only the United States, India, and the United Kingdom.
coinshare Volume 164: Digital Asset Fund Flows Weekly Report
A good start to 2024, with US$151m inflows
Netflix's Bitconned documentary exposes the rise and fall of crypto company Centra involved in criminal fraud
Bitconned, a new documentary by Netflix, chronicles the rise and fall of Centra, a cryptocurrency company that raised millions of dollars through an ICO before collapsing. The film includes interviews with Centra founder Raymond Trapani, who admits to engaging in fraudulent activities to make millions of dollars. Trapani's criminal history began in childhood with a scheme to sell stolen pharmaceuticals and continued with a failed luxury car rental business in Miami before pivoting to cryptocurrency with Centra. The company's downfall was accelerated by falsified celebrity endorsements and other fraudulent activities by its executives. Unfortunately, Centra Tech's story is not unique in the world of cryptocurrency, where fraud and corruption are prevalent.
PEOPLE rose to touch $0.046, a 24-hour increase of 64%
According to OKX market data on January 6th, after rising to 0.046 USD, PEOPLE fell back and is now priced at 0.0431 USD, with a 24-hour increase of 64%.
