Daily Report | The number of active Bitcoin addresses has dropped to its lowest level since 2019; miners' Bitcoin supply has reached a 14-year low; the Thai Securities Commission has approved the country's first Bitcoin spot ETF
June 4th News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Australia's first Bitcoin ETF starts trading today
- Binance spot will add trading pairs such as PEOPLE/FDUSD and trading bot services
- Thailand's Securities Commission approves the country's first Bitcoin spot ETF
- Data: NOT's market cap exceeds TAO, ranking 50th with a market cap of over $2.65 billion
- Data: Six Hong Kong virtual asset ETFs had a trading volume of approximately HKD 19.361 million today
- He Yi: If any Binance employees accept bribes, please report them
- Data: The number of active Bitcoin addresses has dropped to its lowest point since 2019
"What important events happened in the past 24 hours"
Australia's first Bitcoin ETF starts trading today
Australian asset management company Monochrome announced the official launch of the Monochrome Bitcoin ETF (IBTC), which is Australia's first exchange-traded fund (ETF) that directly holds Bitcoin. It will begin trading today on the Cboe Australia exchange under the ticker "IBTC".
Binance spot will add trading pairs such as PEOPLE/FDUSD and trading bot services
According to an official announcement, Binance will launch the HIGH/TRY, PEOPLE/FDUSD, and TNSR/USDC spot trading pairs at 16:00 (UTC+8) on June 5, 2024, providing users with more spot trading options.
Thailand's Securities Commission approves the country's first Bitcoin spot ETF
The Thailand Securities and Exchange Commission has approved local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot ETF, namely ONE-BTCETFOF-UI. One Asset Management's BTC spot ETF is Thailand's first BTC spot ETF, scheduled for issuance from May 31 to June 6, with an investment risk level of eight, targeting high-net-worth individuals and institutional investors.
Data: NOT's market cap exceeds TAO, ranking 50th with a market cap of over $2.65 billion
According to coingecko data, the market cap of the TON ecosystem's gaming token NOT has surpassed $2.65 billion, exceeding TAO (with a market cap of approximately $2.63 billion), ranking 50th in the cryptocurrency market cap leaderboard. NOT has increased by 23.8% in the last 24 hours, currently priced at $0.02612.
Hong Kong stock market data shows that as of the market close, the trading volume of six Hong Kong virtual asset ETFs today was approximately HKD 19.361 million. Among them: Huaxia Bitcoin ETF (03042.HK) had a trading volume of HKD 10.4081 million; Huaxia Ethereum ETF (03046.HK) had a trading volume of HKD 2.3773 million; Harvest Bitcoin ETF (03439.HK) had a trading volume of HKD 2.9485 million; Harvest Ethereum ETF (03179.HK) had a trading volume of HKD 0.3225 million; Bosera Bitcoin ETF (03008.HK) had a trading volume of HKD 1.9342 million; Bosera Ethereum ETF (03009.HK) had a trading volume of HKD 1.3704 million.
He Yi: If any Binance employees accept bribes, please report them
Binance co-founder He Yi responded to X user PLR Web3's inquiry about "the 288,000 USDT listing fee not being refunded" by stating, "If any Binance employees accept bribes, please report them. If verified, a full refund will be issued along with a bonus; if not a Binance employee, please report the fraud immediately."
Data: The number of active Bitcoin addresses has dropped to its lowest point since 2019
According to Glassnode data, following the halving in April 2024, the number of active Bitcoin addresses has significantly decreased due to soaring transaction fees and network congestion.
This increase in fees is partly due to the emergence of new protocols like Runes, which have affected Bitcoin's utility in everyday transactions, leading to a significant decline in network activity. Although the current number of active addresses has dropped to its lowest point since 2019, Bitcoin's price is nearing historical highs.
Greeks.live macro researcher Adam stated on the X platform that the key macro event to watch this week is the U.S. unemployment rate and non-farm payroll data on Friday. The approval of the ETH ETF is expected to occur as early as the end of this month, and investors need to pay attention to related news. Currently, implied volatility is rapidly decreasing, indicating low expected volatility, but once news of the ETF approval is exposed, off-market funds will quickly drive up ETH prices.
The SEC is reviewing some trades of Gamestop call options
According to Caixin, the U.S. Securities and Exchange Commission (SEC) is reviewing some trades of Gamestop call options, focusing on trades before and after Keith Gill's social media posts.
CryptoQuant: Miners' Bitcoin supply has reached a 14-year low
According to on-chain data released by CryptoQuant, miners' Bitcoin supply is at a 14-year low. The holdings of Bitcoin miners have decreased by 50% from their peak.
"What are some noteworthy articles to read in the past 24 hours"
In the current narrative competition of re-staking, Puffer Finance is not the fastest player. On May 8, Puffer Finance announced the launch of its mainnet, with TGE and airdrop still in progress.
However, for Puffer Finance's founding contributor Amir, Puffer's positioning is to become the foundational layer of Ethereum, and there is no shortcut on this path. "Puffer aims to create a native staking and permissionless network to solve a large number of trust issues and technical barriers."
Rather than pouring a lot of energy into market hype, Amir prefers to prioritize user safety and explore and meet user needs through a slow and steady approach.
Amir's meticulous approach to product development is also influenced by his engineering background. Amir graduated from the University of California, Santa Cruz, and the University of Southern California, majoring in Electrical and Electronic Engineering. Shortly after graduation, Amir joined NASA as an engineer, exploring the empowerment of AI in the aerospace industry.
During this time, as a fellow crypto enthusiast, Amir began exploring the use of blockchain technology to address privacy and trust issues brought by AI. Inspired by a paper from the Ethereum Foundation Research Institute, Amir and his college classmate Jason Vranek entered the Ethereum staking track, which needed to solve various trust issues, and founded Puffer Finance.
Puffer Finance can lower the staking capital threshold from 32 ETH to 1 ETH, improving the capital utilization efficiency of node operators. The anti-seizure technology based on Intel SGX hardware and the economic guarantees of Ethereum node operators also reduce the risk of users' assets being seized. After the mainnet launch, Puffer Finance plans to launch its own AVS service. Currently, Puffer Finance's TVL is nearly $1.8 billion.
Recently, Puffer Finance announced the completion of a $18 million Series A financing round, which included participation from crypto-native funds such as Brevan Howard Digital and Electric Capital, as well as exchange funds like Coinbase Ventures, and attracted traditional financial giant Franklin Templeton.
Previously, Puffer Finance had completed three rounds of financing, with notable participation from well-known institutions such as Binance Labs, Jump Crypto, and Eigenlayer founder Sreeram Kannan.
Revealing Bitcoin's top holders: Analysis of global wallet addresses and holdings
With nearly 500 million wallet addresses, Bitcoin has become a presence that fundamentally changes the rules of the game and is destined to last.
As the king of the cryptocurrency field, Bitcoin has come a long and challenging journey since it quietly began trading in 2009, with hundreds of thousands of transactions occurring daily. But do you know who the major Bitcoin holders are?
If two years ago at Consensus, NFTs were the undisputed narrative mainstream, then after the downturn last year, NFTs have almost become a relatively quiet and niche presence at this year's Consensus conference.
In this volatile market, the Hong Kong-based project Animoca Brands, which heavily bets on the NFT track, is also inevitably affected. However, as the co-founder and executive chairman of the project, Yat Siu remains confident. Recently, he not only personally bought 10 Bored Apes and various other NFT assets but also made several "bold" statements, firmly optimistic about the development of NFTs, Bitcoin, and the entire crypto market.
During the Consensus conference, Yat Siu was interviewed on-site by Foresight News reporters, further explaining his statements and actions, and responding to changes in global Web3 regulatory policies.
In his view, "Web3 is a way for us to redraw and reshape capitalism." Once billions of people can own crypto assets and have the potential for asset appreciation, it will drive a significant rise in Bitcoin prices and the overall value of the crypto market.
As a Web3 entrepreneur and investor based in Hong Kong, Yat Siu believes that the Hong Kong government's support for the crypto industry not only provides a good policy environment for innovative companies in this field but also enhances the dignity of practitioners in the entire industry. The current political discussions and some policy adjustments also mean that regardless of the final outcome of the U.S. elections, the entire crypto community has already won.
