ChainCatcher news, according to SlowMist monitoring, the Bybit attacker has currently transferred over 70,000 ETH into the Bitcoin network via THORChain.

ChainCatcher news, according to Cointelegraph, MicroStrategy co-founder Michael Saylor stated that Bitcoin represents digital capital, with its network currently valued at $2 trillion, expected to grow to $20 trillion in the next 4 to 8 years, and will grow faster than any other asset in the world.

ChainCatcher news, the Bitcoin network Rune DEX platform OdinSwap and the Rune launch platform Valhalla have announced that they will gradually cease operations, and all user funds are safe.OdinSwap and Valhalla will continue to operate until February 28, 2025. Users are advised to withdraw their funds before February 28. After February 28, any unclaimed balances will be refunded manually, but appropriate BTC network fees will apply. Refunds will be processed manually and may take up to a month to complete. Refunds will only be issued for balances exceeding the network fees.During this transition period, OdinSwap is open to strategic cooperation/partnerships and welcomes potential partners interested in integrating with the platform to reach out.

ChainCatcher news, according to data from The Block, the 7-day moving average of Bitcoin network transaction volume has dropped to 330,000 transactions, hovering near a 12-month low, which is a significant decrease of 55% compared to the historical peak of 730,000 transactions on the network.The fees generated by Runes in the past 30 days have fallen to less than $20,000, while the fees generated on the day of Runes' release were $60 million. This indicates that the market has shifted speculative trading activities to other blockchain ecosystems.According to Memepool data, as of the time of writing, the Bitcoin network transaction fees are reported at 3 Sats/s.

ChainCatcher news, Cointelegraph posted on the X platform revealing that the average on-chain transaction confirmation time for the Bitcoin network has reached 19 minutes, hitting a historical high, with network congestion, block size limits, and fee dynamics causing delays.

ChainCatcher message shows that on February 8, 2025, the Bitcoin network hash rate rose to 852 EH/s (7-day SMA), surpassing the peak record of 840 EH/s set a few days ago. Among 70 identifiable participants, 19 mining pools control 97.7% of the network hash rate.

ChainCatcher news, according to CoinDesk, CryptoQuant's latest analysis shows that the Bitcoin network activity index has fallen to 3760, down 15% from the historical high of November 2024, marking a new low in a year. This index comprehensively measures multiple indicators such as the number of active addresses, transaction volume, block size, and transaction fees. Daily transaction volume has decreased from a peak of 734,000 to 346,000, a drop of 53%; the number of unconfirmed transactions in the Bitcoin mempool has plummeted from 287,000 in December 2024 to 3,000, a decline of nearly 99%, reaching the lowest level since March 2022.The analysis points out that the decline in Bitcoin network activity is mainly due to a sharp decrease in the usage of the Runes Protocol, with its average daily usage dropping from 802,000 in April 2024 to the current 10,000. However, CryptoQuant analysts believe that the decline in network activity may not directly affect Bitcoin's price trend. Data shows a significant increase in long-term accumulated addresses, which historically often indicates a rise in Bitcoin prices, reflecting the market's recognition of Bitcoin as an investment asset and a store of value.

ChainCatcher message, according to the latest research report from JPMorgan, in January, the average monthly Bitcoin network hash rate slightly increased by 1% year-on-year to 785 EH/s, while mining difficulty decreased by 2% month-on-month. The report pointed out that the average hash rate for the last week of the month was 781 EH/s, a decrease of 2% compared to the end of December.Analysts stated that this situation is relatively rare and is a mild positive for the Bitcoin mining economy. It is worth noting that the current network difficulty is still 25% higher than before the halving in April last year. In terms of revenue, in January, miners earned an average daily block reward income of $57,200 per EH/s, an increase of less than 1% compared to December.

ChainCatcher news, according to The Block, the Bitcoin network's transaction processing volume hit an 11-month low in January, continuing a downward trend for three consecutive months. Compared to the network's historical highest monthly transaction volume recorded in October 2024, the monthly transaction volume has decreased by more than 43%.The backlog of unprocessed Bitcoin transactions has also significantly decreased, as miners clear the memory pool of Bitcoin nodes, leading to historically low transaction fees. On February 1, several blocks were not filled.

ChainCatcher message, Mempool data shows that the Bitcoin network completed a transaction worth 2000 Bitcoins (approximately 200 million USD) today, with a transaction fee of only 2 USD.

ChainCatcher news, according to Cointelegraph, in 2024, the transaction volume settled through the Bitcoin network will exceed $19 trillion, more than double the $8.7 trillion settled by the network in 2023, reversing the trend of declining transaction volume over the past two years since 2021.According to data from Pierre Rochard, Vice President of Research at mining company Riot Platforms, Bitcoin transaction volume peaked during the 2021 bull market at approximately $47 trillion and sharply declined in 2022 and 2023.

ChainCatcher news, according to Bitcoin.com, the Bitcoin network's hash rate reached a new high of 808 EH/s (exahashes per second) on the last day of 2024. Data shows that as of January 1, 2025, the Bitcoin network is supported by 62 mining pools, with a current hash rate of 799.99 EH/s, and an increase of 262 EH/s in hash rate throughout 2024. As the hash rate grows, mining difficulty has also been adjusted upwards by 1.16% at the end of the year, reaching 1.0978 trillion.

ChainCatcher message, Glassnode co-founder Negentropic posted on social media interpreting the Swissblock Bitcoin Fundamental Index (BFI) stating, "Current Bitcoin liquidity continues to weaken, but network growth remains stable. The period from December 2020 to February 2021 is similar to the current cycle phase and price trend.During that time, liquidity outflows were accompanied by price adjustments, but network growth continued. Similarly, when prices stabilized and new liquidity began to flow in, prices rebounded strongly. This indicates that once liquidity flows back into the market, we may see prices rise, and as long as network growth remains at bullish levels, prices will not drop to lower levels."

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X that combining on-chain and off-chain data, the current total Store of Value of the Bitcoin network has reached $1.03 trillion, an increase of 85% this year. From the SoV index trend chart he shared, it can be seen that this indicator shows a significant upward trend by the end of 2024, reaching a historical high.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated on the X platform: "Microstrategy has purchased 212,000 bitcoins in the past 12 months, exceeding the amount that the Bitcoin network is expected to produce in the next 12 months (estimated at 164,000 bitcoins).People underestimate the importance of corporate purchases of Bitcoin because they forget how scarce the supply of Bitcoin is. Corporations already hold 900,000 bitcoins, and the pace of purchases is accelerating."

ChainCatcher news, according to Ki Young Ju, founder and CEO of CryptoQuant, there are currently about 4.43 million ASIC miners providing computational power support for the Bitcoin network, pushing the total network hash rate to a historical high.This growth mainly comes from the increase in the number of miners, rather than improvements in chip performance. Since the beginning of this year, the number of miners has increased by 826,000 units, a year-on-year growth of 23%.

ChainCatcher news, cryptocurrency analyst Willy Woo posted on the X platform that there seems to be a large influx of funds into the Bitcoin network now.

ChainCatcher message, according to data from mempool.space, Bitcoin network transaction fees have surged, with high priority reaching 681 Sat/byte.

ChainCatcher message, mempool.space data shows that Bitcoin network transaction fees have soared to over 400 satoshis/byte, with medium priority currently reported at 430 satoshis/byte and high priority at 610 satoshis/byte. The reason is that Ordinals founder Casey has deployed a new rune MEMENTO•MORI, which will start minting at block height 868186, with a total of 100 million runes, reserving 50%.