Headlines
▌BTC Breaking through 48,000 US dollars
The market shows that BTC has exceeded 48,000 US dollars and is now trading at 48,006.8 US dollars. The intraday increase reached 6.27%. The market fluctuates greatly. Please do Good risk control.
▌Binance’s new CEO: in Under a favorable environment, Bitcoin should continue to rise
Richard Teng, the new CEO of Binance, posted on social media that it is said that the next 20 years will be beneficial to Smart technology, telecommunications industry, aviation industry, high technology, pharmaceutical industry, etc., including the cryptocurrency industry of course. The ninth luck is also good for girls over 30 years old, and there will be more female leaders. Under favorable circumstances, including Bitcoin ETFs, the Bitcoin halving, the price of Bitcoin should continue to rise, and let’s wait and see what kind of surprises the Year of the Dragon will bring to our cryptocurrency (not a prediction or financial advice).
Quotes
As of press time, according to coinmarketcap data:
BTC’s recent transaction price was US$47,236.7, with intraday gains and losses +4.20%;
ETH’s latest transaction The price is US$2495.23, with an intraday increase or decrease of +2.84%;
BNB’s recent transaction price was US$323.7, with intraday gains and losses+ 1.09%;
FIL’s recent transaction price was US$5.442, with intraday gains and losses+3.86%;
DOGE’s recent transaction price was US$0.08157, with intraday gains and losses +1.86%;
SOL's recent transaction price was US$108.92, with intraday changes +5.00%;
DYM's recent transaction price was US$7.153, with an intraday increase or decrease-8.82%.
Policy
▌< /strong>Blockchain Association of Kenya launches community-led virtual asset service provider bill
Blockchain Association of Kenya (BAK) ) has launched a community-led draft of a national digital asset industry bill, known as the Virtual Asset Service Providers Bill, with BAK founder and chairman Michael Kimani expressing interest in incorporating stakeholder feedback into the revised draft bill. An updated version of the draft will be submitted to a Kenyan parliamentary committee by February 14.
▌UK regulator sends email , requesting "latest information" on self-hosted wallet activity
According to Bitcoin News, the UK regulator has begun sending emails requesting "Latest information" on self-hosted wallet activity. Kraken users have already received such emails.
▌Cryptocurrency Advocates: UK Planned stablecoin rules need to be reworked
Multiple industry groups say the Bank of England and the Financial Conduct Authority need to rethink some regulatory stability Coin proposal. Lobbying groups argue that the proposals are unfair to stablecoin issuers and harm their ability to generate revenue. British cryptocurrency industry groups say local regulators’ proposals to regulate stablecoins need to be reworked.
Blockchain Application
▌Pandora: Etherscan is expected to fully support ERC404 contracts in the next few weeks
ERC404 project Pandora published an article on the X platform Said that the Etherscan team finally started to pay attention to metadata. Etherscan is expected to fully support ERC404 contracts in the coming weeks.
It is reported that this feature will enable tournament organizers to require registrants before registering for the tournament Verifying their accounts with World ID, thereby enhancing the authenticity of their accounts and ensuring that every participant in World ID verified tournaments is a unique individual, this partnership aims to significantly enhance the hundreds of accounts hosted on CG every month. tournament integrity and security.
▌Coinbase senior engineer: Bitcoin is a better store of value than gold
Coinbase senior software engineer yuga.eth said on the X platform that I would rather own Bitcoin than gold as a pure store of value. It is more portable, more digital, and more predictable than gold; I believe it will soon become more credible than gold. Gold has a market cap of $14 trillion and Bitcoin has a market cap of $1 trillion, make a smart choice.
▌Coinbase Report: 27% Adults in California own digital assets
Coinbase released a blog post stating that according to data from Morning Consult, 8.2 million adults in California (or 27% of Californians) own digital assets, a new Toluna poll shows that California’s crypto owners represent the state’s next generation of voters, with 40% of them aged 18 to 34.
Additionally, approximately 86% of California crypto owners agree that the global financial system needs to change, 78% of cryptocurrency owners believe that policymakers should support new, innovative, and disruptive technologies, while 83% believe that cryptocurrencies and Blockchain technology is an important economic tool for future finance. 77% believe cryptocurrencies and blockchain are a net positive for society, and 79% believe cryptocurrencies and blockchain can increase economic opportunities for Americans.
▌World champion boxer launches boxing Web3 application RTF
World champion boxer Oleksandr Usyk has launched the boxing Web3 application Ready to Fight (RTF), calling it the "first A Boxing Web3 App,” a platform that connects boxers with each other and helps them grow their fan base, aims to lead the boxing industry into the future with a blockchain-based Web3 platform.
Cryptocurrency
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▌FTX and Alameda again transferred approximately $10.2 million in 13 tokens in the past 5 daysAccording to Spot On Chain monitoring, in the past five days, FTX and Alameda wallets further transferred approximately $10.2 million in 13 tokens to market makers and CEX, including:
• After the market rebounded, 2,148 ETH ($5.27 million) were transferred to Wtermute and FalconX;
• 500,000 TON ($1.04 million) to Wintermute;
• 54,811 CREAM ($874,000) to Binance;
and $1.98 million in 10 other properties. Overall, FTX and Alameda have transferred approximately $735 million in 116 assets to CEX since October 24, 2023. Analysts said the list only includes newly listed ETFs and does not include any conversions, such as the roughly 100 mutual fund-to-ETF conversions and GBTC, as they own pre-existing assets.
▌Wintermute received 119 million FDUSD from First Digital Labs yesterday and deposited it into Binance
Lookonchain monitoring data shows that the price of BTC rose by about 6% yesterday. Note that money is pouring into the cryptocurrency market. Crypto market maker Wintermute received 119 million FDUSD from First Digital Labs and deposited it into Binance in the past 36 hours.
Rieder also said: “As more people adopt Bitcoin as an asset, we believe its upside potential is real, as has been the case recently. Recognized”.
▌More than US$74 million in SOL was transferred
According to monitoring by the on-chain data tracking service Whale Alert, around 7:21 Beijing time, 688,765 SOL (USD 74,403,430) were transferred from an unknown wallet to an unknown wallet.
▌The Ethereum network is currently destroyed Over 4 million ETH
According to Ultrasound data, so far, a total of 4,001,332.90 ETH have been destroyed on the Ethereum network. Note: Since the EIP-1559 was introduced in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction requirements and block size, and this part of the fee will be burned directly.
▌Analyst: ETF hopes are rekindled, and Bitcoin is once again aiming for $50,000
Some analysts said that Bitcoin has recovered most of the losses recorded nearly a month ago when the ETF approval became a selling news event. Hopes of a broadening investor base have revived, with cryptocurrency traders once again targeting $50,000. On Friday, Bitcoin rose about 6.3%, once reaching 48,000 yuan. Since December 2021, the cryptocurrency has never traded above $50,000. The current accessibility of ETFs is expected to expand the token’s investor base, with the new fund attracting approximately $8 billion in net volume so far. However, Grayscale has lost more than $6 billion since the switch, suggesting the money isn't all flowing in one direction.
▌CryptoQuant: BTC Open Position The contract reached the highest level since January 2023
Golden Finance reported that CryptoQuant data showed that BTC rose by about 12% in 4 days, with open positions Volume and funding rates are increasing, with BTC open interest reaching its highest level since January 2023.
CryptoQuant analysts said that while open interest itself may indicate short-term overheating levels, the funding rate is positive and does not indicate severe overheating, and the ratio between long and short investors is not abnormally skewed, similar to 2023. A steady rebound from October to November. The steady growth in open interest and positive funding rates are similar to the early stages of the bull market that emerged after the impact of the epidemic in 2020, indicating that investor interest in BTC continues to grow, which is a constructive signal from a mid- to long-term perspective.
▌The value of MicroStrategy’s Bitcoin holdings has exceeded US$9 billion
Golden Finance reported that the current value of Bitcoin held by MicroStrategy has exceeded US$9 billion.
Golden Finance previously reported that as of February 5, 2024, the company held 190,000 Bitcoins, with a total cost of US$5.93 billion and a value of each Bitcoin of US$31,224.
Important Economic Updates
▌The S&P 500 closed above 5,000 points for the first time, rising for the fifth consecutive week
The S&P 500 closed for the first time It closed above 5,000 points, rising for the fifth consecutive week. The Nasdaq Composite rose 1.25% to close at 15,990.66 points, while the Dow Jones Industrial Average fell 54.64 points to close at 38,671.69 points.
Golden Encyclopedia
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▌Grayscale Bitcoin TrustGBTC is a digital financial instrument designed to provide individuals interested in cryptocurrencies with investment opportunities in the Bitcoin market, eliminating direct access to the underlying asset needs. Grayscale has played a pioneering role in Bitcoin (BTC) accessibility with the launch of the Grayscale Bitcoin Trust (GBTC), marking the creation of this first-of-its-kind Bitcoin fund that investors can access through one familiar investment vehicle BTC.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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