Messari has released its Q1 2024 Bitcoin State of the Market report, which shows that BTC's price has increased by 69% to $71,310 compared to the previous quarter, reaching a new historical high in April as the new halving cycle approaches. The success of spot BTC ETFs is a driving factor in the price trend, with over $12 billion in inflows in the first quarter. Spot BTC ETFs currently hold 831,000 BTC, or $59 billion. Transaction fees and costs have decreased by 40% and 60% respectively. However, NFT exchanges still have daily sales of over $10 million. The April halving will bring the launch of the Runes token protocol and Epicsat. Miner income (in USD) has increased by 34% compared to the previous quarter, and miners are exploring glyphs and MEV as additional sources of income. Some miners have already conducted bulk sales to meet the needs of Ordinals builders. The TVL of programmable Bitcoin layers has increased by 127% compared to the previous quarter. Dozens of new layers are being built to expand Bitcoin and increase its programmability, with many layers exploring BitVM-based bridging and state verification.
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BTC Q1 Status Report: Inscription transactions and fees fell 40% and 60% month-on-month, halving will bring Runes token protocol and Epic launch
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BTC falls below $57,000
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BTC falls below $58,000
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BlackRock BUIDL reaches $375 million, surpassing Franklin Templeton to become the largest tokenized Treasury fund
CoinDesk, on-chain data shows that BlackRock's BUIDL fund grew by $70 million last week, bringing its total size to $375 million, surpassing Franklin Templeton to become the largest tokenized government bond fund. -
Hong Kong spot Bitcoin and Ethereum ETFs have a half-day trading volume of more than $6.3 million after listing
According to data from the Hong Kong Stock Exchange, six new Bitcoin and Ethereum exchange-traded funds (ETFs) traded approximately HKD 49.4 million (approximately USD 6.3 million) on the first trading day of the week on Tuesday. In contrast, when 11 spot Bitcoin ETFs began trading in the United States in January of this year, their first day's trading volume reached approximately USD 4.6 billion. -
Bitcoin spot ETF total net asset value is $52.209 billion
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In the past 24 hours, the entire network has liquidated $142 million
According to Coinglass data, there were liquidations of $142 million in the past 24 hours, with long positions liquidated at $92.383 million and short positions liquidated at $49.93 million. Among them, BTC liquidated $6.6066 million. -
Ethereum stablecoin transaction volume exceeds $1 trillion so far in April, setting a new record
On April 29th, The Block data shows that as of April 28th, the trading volume of stablecoins on the Ethereum blockchain reached a record high of $1.08 trillion in April, with DAI trading volume ranking first at $578.07 billion, followed by USDC at $268.15 billion in second place, and USDT at $198.62 billion in third place. -
The total open interest of BTC contracts on the entire network dropped to $29.83 billion
According to Coinglass data, the total open position of BTC futures contracts on the entire network is 478,180 BTC, equivalent to 29.83 billion US dollars. -
An independent Bitcoin miner obtained the entire 3.125 BTC block reward by verifying block 841,286
On April 29th, independent mining pool ckpool's software engineer and administrator Con Kolivas posted on social media that a miner had mined the 282nd independent block in Bitcoin history. The miner's computing power at the time was about 120PH, which is equivalent to about 0.12 EH, with an average of about 12 PH per week, accounting for about 0.02% of the total network hash rate. -
The total open interest of Bitcoin contracts on the entire network reached US$30.62 billion
According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 480,870 BTC (approximately $30.62 billion).
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