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The SEC is expected to issue an innovation exemption for the crypto industry. The UK "Digital Assets and Other Property Act" has come into effect. BlackRock's CEO revealed that sovereign wealth funds are buying bitcoin. Bank of America recommends clients allocate to crypto assets. Bitcoin selling pressure is nearing its end. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
- 13:11Glassnode: After bitcoin stabilized, investor panic subsided and funds began flowing into call optionsChainCatcher reports that the latest weekly report from Glassnode points out that the current market conditions are similar to the early stages of the 2022 bear market (also known as the crypto winter). ETF demand continues to weaken, with IBIT experiencing outflows for the sixth consecutive week, marking the longest streak of negative flows since its launch in January 2024. The total redemptions over the past five weeks have exceeded 2.7 billions USD. Derivatives data further confirms the decline in risk appetite. Open interest continues to decrease, indicating a reduced willingness to take on market risk, especially after the flash crash and liquidation event on October 10. Perpetual contract funding rates have remained largely neutral, only briefly turning negative, while the funding premium has also dropped significantly. This suggests a more balanced market environment with reduced speculation. Sentiment in the options market remains cautious, with investors preferring to sell rather than chase upside potential. Earlier this week, as the bitcoin price approached 80,000 USD, put option buying dominated. However, as the price later stabilized, investor panic subsided and capital flowed into call options.
- 12:51Total USDT supply surpasses 190 billions, market capitalization exceeds $185 billions, reaching a new all-time highAccording to a report by Jinse Finance, the latest data from Coingecko shows that the total supply of the US dollar stablecoin USDT, issued by Tether, has surpassed 190 billions, currently reaching 191,099,037,578 tokens (with a circulating supply of 185,632,100,913 tokens), and a market capitalization of $185,680,551,074, setting a new all-time high.
- 12:35Analysis: Ethereum at the $1,800 price range is one of the best accumulation zonesAccording to a report by Jinse Finance, analyst @ali_charts, based on the Ethereum cost basis heatmap analysis, the $1,800 price range for Ethereum appears to be one of the best accumulation zones before the bull market surges toward $10,000.