According to ChainCatcher's message, data from Coinbase's latest shareholder letter for the third quarter of 2024 shows:Total trading volume was $18.5 billion, a decrease of 18% from Q2 (down from $22.6 billion to $18.5 billion);Institutional investor trading volume was $15.1 billion, accounting for 81.6% of total trading volume, continuing to dominate;Retail investor trading volume was $3.4 billion, accounting for 18.4%.From the perspective of cryptocurrency trading structure:Bitcoin's trading share rose to 37%, an increase of 2 percentage points;Ethereum remained at 15%;USDT trading share rebounded from 10% to 15%;Other cryptocurrencies accounted for 33%.Additionally, Solana's share of trading revenue has reached 11%, indicating its growing importance as an emerging public chain. Although overall trading volume has decreased quarter-over-quarter, the increase in Bitcoin's trading share reflects that, following the approval of ETFs, Bitcoin remains the primary cryptocurrency favored by institutional investors.

ChainCatcher news, according to CNBC, in the past five trading days, net inflows into spot Bitcoin exchange-traded funds exceeded $2.1 billion, with BlackRock accounting for half of the sales.BlackRock ETF and Index Chief Investment Officer Samara Cohen stated that one of the strategies to attract clients to invest in their funds is to introduce the benefits of exchange-traded products (ETPs) to cryptocurrency investors. Currently, most investors are new cryptocurrency enthusiasts, and data shows that 80% of sellers are direct investors. Among these 80% of direct investors, 75% have never held iShares. Additionally, a16z found in its recently released cryptocurrency status report that over 40 million Americans hold cryptocurrencies.

ChainCatcher news, according to Decrypt, based on a new survey from the Francisco Gavidia University in El Salvador, only 7.5% of respondents reported using cryptocurrency for transactions, while 92% admitted they do not use cryptocurrency, and only 1.3% believe that Bitcoin is the main direction for the country's future development. About 58% of respondents stated that they think the country is heading in the right direction, and the vast majority support President Bukele.The survey interviewed 1,224 Salvadorans aged 18 and over, covering various aspects from the economy to security. It is reported that El Salvador adopted Bitcoin as the country's legal tender in 2021.

ChainCatcher news, according to CryptoQuant data, by the end of September, the liquidity of stablecoins continued to grow to a record $169 billion, a year-to-date (YTD) increase of 31%. Dominating the market is still Tether's USDT, whose market capitalization increased by $28 billion to nearly $120 billion, accounting for 71% of the market share; and Circle's USDC, whose market capitalization increased by $11 billion to $36 billion, with a YTD growth of 44%, holding 21% of the market share. The record number of dollar stablecoins and the surge in large Bitcoin transactions may lay the groundwork for a broader BTC rally in the coming weeks, keeping the bullish seasonal trend for this asset intact in October.

ChainCatcher message, according to Ord.io data, the Runes protocol has seen a significant recovery in the past 24 hours, accounting for 69.6% of all Bitcoin transactions.

ChainCatcher news, Upbit will list Pendle, supporting the Korean won and Bitcoin markets.

ChainCatcher news, according to the Securities Times, some Hong Kong brokerages are planning to provide trading services for virtual assets such as Bitcoin, allowing investors to trade Bitcoin and other virtual assets directly through the brokerage app. Some brokerages have indicated that revenue related to virtual assets could account for about a quarter of the company's total revenue.It is reported that investors need to open a virtual asset account on the brokerage app to trade Bitcoin and other virtual assets. After completing this, they must fill out and sign four documents in electronic or paper form: the Additional Agreement for Virtual Asset Trading, the Additional Risk Disclosure Statement for Virtual Assets, the Risk Tolerance Questionnaire, and the Knowledge and Experience Questionnaire for Virtual Assets. Brokerages have set a relatively low entry threshold for trading virtual assets, with a minimum trading threshold starting at $100.

ChainCatcher news, Bitcoin's new token standard Runes has accounted for more than two-thirds of Bitcoin's trading volume since the network halving event on April 20.According to data shared by blockchain research firm Crypto Koryo via the Dune Analytics dashboard, the Bitcoin network has processed over 2.38 million Runes transactions, making up 68% of all Bitcoin transactions since the launch on April 20. Regular Bitcoin peer-to-peer transactions, BRC-20, Ordinals, and Runes are all included in the total transaction count.Additionally, Runes experienced its highest trading volume day on April 23, with over 750,000 transactions, but the following day saw a reduction of more than half, down to 312,000 transactions.

ChainCatcher message, according to data from the research institution Kaiko, over the past year, Binance's Bitcoin trading share has decreased from 81.3% to 55.3%. The trading share of altcoins has also dropped from 58% to 50.5%. Platforms like Bybit and OKX have expanded their business footprint in regions such as Asia, while Binance has been dealing with the impacts of legal issues. Over the past year, Bybit's share in non-U.S. Bitcoin trading has risen from 2% to 9.3%. Currently, OKX's share is 7.3%, up from the previous 3%.

ChainCatcher news, Bitcoin trading application Oyl completes $3 million Pre-Seed round financing, led by venture capital firm Arca, with participation from BitMEX co-founder Arthur Hayes and BRC-20 creator Domo.It is reported that Oyl is building a trading platform called "Oyl Wallet" for the Bitcoin ecosystem, providing "in-wallet" trading features for Bitcoin Ordinals. The platform will be launched in the coming weeks.

ChainCatcher news, the global centralized cryptocurrency exchange (CEX) Bitcoin trading volume reached 34.05 billion USD, setting a new record since the FTX collapse. On this day, Binance led with 17.09 billion USD, accounting for 50% of the total Bitcoin trading volume on centralized exchanges.

ChainCatcher news, Souad Benkredda, a board member responsible for capital market trading at Germany's DZ Bank, said in an interview: "This year, we will enter the pilot phase of cryptocurrency retail trading with the first group of partner banks. This means major banks will test Bitcoin trading with customers."As the central institution for Volksbanken and Raiffeisenbanken, DZ Bank is responsible for the implementation of the project. However, unlike the original plan, it will not collaborate with DWP Bank to implement the project. DWP Bank is a securities service provider in which DZ Bank holds shares. Benkredda was unwilling to disclose which new partner DZ Bank will now collaborate with to implement the project.Benkredda stated that the trading opportunity lies in self-decision-making without the bank's advice, and DZ Bank aims to provide not just one cryptocurrency trading option, but multiple cryptocurrency trading options. She also added that there is significant demand among partner banks; according to a study, one in every two banks is willing to offer this solution to customers, but ultimately each institution makes independent decisions.

ChainCatcher news, according to Bloomberg, the U.S.-listed Bitcoin mining company CleanSpark plans to launch an internal Bitcoin trading platform this year to maximize the returns on its held cryptocurrency. The company plans to develop strategies based on regulated crypto products, such as options contracts traded on the CME or its affiliates.CleanSpark CEO Zachary Bradford stated that they need to transfer a small amount of funds to different accounts but will continue to work with custodians like Coinbase, using independent account cold storage.As of last November, CleanSpark held 2,575 Bitcoins, worth approximately $97 million. The company reported $168 million in revenue for the fiscal year ending September 2023.

ChainCatcher message, due to the devaluation of local fiat currencies and overall economic instability, the recent rise in Bitcoin prices has led to historical highs in Turkey and Nigeria. As of Friday morning, the price of Bitcoin in the Turkish market reached 9.6 million lira, while in the Nigerian market, it reached 27.4 million naira. In local currency terms, Bitcoin's monthly increase has reached as high as 30%. According to CoinGecko, local cryptocurrency exchanges have seen a Bitcoin trading volume of $40 million in the past 24 hours, a figure that may not include local users trading on global exchanges like Binance or Coinbase.It is reported that in the past month, the naira has depreciated by 0.45% against the dollar, and over the past six months, it has fallen by 45%; the lira has dropped by 2.9% against the dollar in the past month and by 31% over the past six months. A study by the International Monetary Fund (IMF) shows that Nigeria's inflation rate has risen by 25% compared to 2022, while Turkey's inflation rate has surged by 51%, leading to a significant decline in the purchasing power of TRY and NGN. This may have boosted demand for Bitcoin.

ChainCatcher news, according to The Block, although Grayscale won the lawsuit, it is unlikely to prevent Bitcoin from ending August with a negative monthly return. The price of BTC was above $29,000 at the beginning of the month and is currently hovering above $27,000.Bitcoin's performance in August has brought uncertainty to the trend in September. August experienced record-low volatility, declining trading volume, and a flash crash that saw prices drop to the $25,000 range. CoinShares research director James Butterfill stated that the price drop in August "highlights Bitcoin's vulnerability in the face of larger trades, which becomes more pronounced in the current low trading volume environment."Butterfill predicts that market indecision will characterize the beginning of September. He expects traders to oscillate between excitement over the potential approval of ETF applications and concerns about the U.S. Securities and Exchange Commission (SEC) approval. Despite Wednesday's court ruling in favor of Grayscale, Butterfill noted that "this is unlikely to accelerate the SEC's approval timeline, as an appeal is still possible."

ChainCatcher news, according to the official announcement, the South Korean cryptocurrency exchange Upbit has announced that it will list the Stargate Finance token STG, supporting Bitcoin market trading pairs. Deposits will begin within three hours, and trading will start at 15:00 local time, with STG only supporting deposits from the Ethereum network.

ChainCatcher news, according to South Korean media Hankyung, South Korean cryptocurrency exchange Bithumb will waive trading fees for the BTC market starting from June 28. This event is held to commemorate the settlement of the BTC market restructuring in March, and the end date of the event will be announced later. (Source link)

ChainCatcher news, the Dfinity Foundation announced that the Internet Computer (ICP) has officially issued Chain-Key Bitcoin (ckBTC), stating that this token offers higher security compared to existing cross-chain or wrapped solutions. It is a highly liquid and cost-effective "twin" token that brings Layer 2 functionality to Bitcoin, allowing for faster and cheaper transactions without compromising security.It is reported that ICP integrated with the Bitcoin network and launched ckBTC in November 2022. ICP stated that ckBTC corresponds to Bitcoin on a 1:1 basis and is issued and redeemed through contracts, with the process being completely decentralized. (Source link)

ChainCatcher news, Boerse Stuttgart Digital has obtained the final approval from the German financial regulator BaFin to offer Bitcoin trading and custody services.It is reported that Boerse Stuttgart Digital is a subsidiary of Germany's second-largest stock exchange. Since January 2020, the exchange has been using a temporary license for Bitcoin trading, and this move means that in the future, institutions can conduct compliant Bitcoin trading through its subsidiary Boerse Stuttgart Digital. (source link)

ChainCatcher news, Zhao Changpeng tweeted, "In light of recent events, Binance is moving zero-fee Bitcoin trading from BUSD to TUSD. Let's diversify liquidity across more currency pairs."Additionally, Zhao Changpeng stated, "TRU is not related to TUSD." (source link)