On November 10th, the crypto analysis platform IntoTheBlock posted on social media that data shows that currently 75% of Ethereum holders are in a profitable state, and there is no significant resistance zone before ETH rises above $2,500. However, this does not necessarily mean that ETH can smoothly rise to a new all-time high.
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IntoTheBlock: 75% of Ethereum holders are currently profitable
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The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
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In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million. -
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Bitget Wallet launches $10 million ecosystem fund and plans to issue BWB tokens this quarter
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Yesterday, Tether issued $110 million USDT and redeemed $23 million USDT
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US Bitcoin ETF holds nearly $60 billion worth of BTC
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Kaiko data: Bitcoin miners’ income has dropped sharply, and they may sell BTC to maintain operations
The latest data from cryptocurrency research and analysis company Kaiko shows that miners are facing huge selling pressure as Bitcoin mining revenue and transaction fees decline. Bitcoin miners' income mainly comes from two aspects: mining rewards and transaction fees. However, affected by the halving of Bitcoin rewards in April (block rewards dropped from 6.25 BTC to 3.125 BTC), miners have to sell Bitcoin to pay for costs. Kaiko researchers pointed out in the report that the halving event usually prompts miners to sell BTC because the mining process requires a lot of expenses. -
Brazil's trading volume reaches $6 billion in 4 months
According to Kaiko Research, the correlation between Bitcoin (BTC) and stocks is increasing. After reaching a multi-year low of 0.01 in March, the 90-day correlation rose to 0.17 last week. Based on the company's research report on May 13th, the 90-day correlation between Bitcoin and stocks rose to 0.17 in the week of May 5th, higher than the multi-year low of 0.01 in March. The correlation between BTC and risk assets is lower than the high of 0.6 during the bull market. -
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The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
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