ChainCatcher news, CoinDesk has acquired the crypto data provider CCData and its retail division CryptoCompare, which serves over 300,000 active users.CCData is regulated in the UK and is one of the providers of digital asset data and index solutions.CoinDesk CEO Sara Stratoberdha stated, "We are excited to begin integrating CCData's high-quality, robust, and trusted data platform and retail suite into CoinDesk's existing products and services, bringing more opportunities to our customers."

ChainCatcher message indicates that, according to CCData, Binance's combined market share in spot and derivatives trading fell to its lowest level since September 2020 in September.Its spot trading volume decreased by nearly 23% compared to August, bringing its spot market share down to 27%, the lowest since January 2021. The platform's derivatives trading also dropped by 21%, with a market share of 40.7% in CEX, the lowest level since September 2020.

ChainCatcher message, according to a report published by CCData, the five major centralized stablecoins collectively hold nearly $125 billion in U.S. Treasury bonds. For every 50 basis points (bps) cut in interest rates by the Federal Reserve, there could be a loss of approximately $625 million in interest income. The report shows that U.S. Treasury bonds account for 80.2% of the reserves held by major stablecoins.Data from the Chicago Mercantile Exchange's FedWatch tool indicates that the market expects a total interest rate cut of 75 basis points by the end of 2024. If this prediction comes true, stablecoins could face an additional loss of $937.5 million in income, bringing the total potential loss due to the Federal Reserve's easing policy to $1.5625 billion.Among the affected stablecoins, Tether's USDT holds the largest share of U.S. Treasury-backed reserves, totaling up to $93.2 billion, including U.S. Treasury bonds and repurchase agreements. Following closely is Circle's USD Coin (USDC), which holds $28.7 billion in U.S. Treasury bonds through the Circle Reserve Fund, while other stablecoins have smaller positions in Treasury bonds.Despite these potential financial setbacks, the stablecoin market continues to show resilience. According to CCData, in September, the total market capitalization of stablecoins increased by 1.50%, reaching $172 billion, marking 12 consecutive months of growth.

ChainCatcher news, according to Cryptonews, the Federal Reserve recently decided to cut interest rates for the first time since March 2020, which is expected to impact the income streams of the five major centralized stablecoins. According to a report released by CCData on September 27, these stablecoins collectively hold nearly $125 billion in U.S. Treasury securities, and for every 50 basis points (bps) cut in interest rates, they could lose about $625 million in interest income. The report indicates that U.S. Treasury securities account for 80.2% of the reserves held by major stablecoins.Data from the Chicago Mercantile Exchange's FedWatch tool shows that the market expects a total interest rate cut of 75 basis points by the end of 2024, including a 50 basis point cut in November and a 25 basis point cut in December. If these predictions come true, stablecoins could face an additional income loss of $937.5 million, bringing the total potential loss from the Federal Reserve's easing policy to $1.5625 billion.Among the affected stablecoins, Tether's USDT holds the largest share of U.S. Treasury-backed reserves, totaling up to $93.2 billion, including U.S. Treasuries and repurchase agreements. Following closely is Circle's USD Coin (USDC), which holds $28.7 billion in U.S. Treasuries through the Circle Reserve Fund. Other stablecoins, such as First Digital USD (FDUSD), PayPal USD (PYUSD), and TrueUSD (TUSD), have smaller Treasury positions of $1.83 billion, $634 million, and $502 million, respectively.Despite these potential financial setbacks, the stablecoin market continues to show resilience. According to CCData, in September, the total market capitalization of stablecoins increased by 1.50%, reaching $172 billion, marking 12 consecutive months of growth.

According to ChainCatcher's message and data tracked by CCData, since the debut of 9 Ethereum spot ETFs on July 23, the order book liquidity of ETH has been declining.Since the launch of the ETF, the average 5% market depth of ETH trading pairs on U.S. centralized exchanges has decreased by 20%, down to about $14 million. On offshore centralized exchanges, this figure has dropped by 19%, to around $10 million. In other words, the spot price is now actually more susceptible to fluctuations of 5%, indicating reduced liquidity and increased sensitivity to large orders.CCData research analyst Jacob Joseph stated that although the liquidity levels of ETH trading pairs on centralized exchanges are still higher than at the beginning of the year, liquidity has decreased by nearly 45% since peaking in June. This may be due to poor market conditions and the seasonal effects of summer, which are typically accompanied by reduced trading activity.

ChainCatcher news, according to CCData statistics, September has historically been one of the worst-performing months for Bitcoin, with an average return of -4.51%. Only 6 Septembers in history have recorded positive returns. In contrast, April and November have the highest average returns, at 35.6% and 39.2%, respectively. Although September typically performs poorly, 2023 defied the trend with a slight return of 4.00%.Despite the low return, the annualized volatility of Bitcoin in September is relatively low, averaging 79.2%.

ChainCatcher news, the CCData report shows that the trading volume of centralized cryptocurrency exchanges decreased by 21.8% in June, marking the third consecutive month of decline in spot and derivatives trading volume since March. The total trading volume of spot and derivatives across all centralized exchanges in June was $4.2 trillion, down 53% from the record $9 trillion set at the end of March.The report pointed out that the significant drop in prices of Bitcoin and other crypto assets in June triggered a series of liquidations, leading to a substantial decrease of 9.7% in open contracts on crypto derivatives exchanges. The total trading volume of futures at the world's largest institutional derivatives exchange, the Chicago Mercantile Exchange (CME), also saw a "significant" decline, dropping 11.5% to $103 billion in June.

ChainCatcher news, CCData data shows that the number of new tokens listed on major cryptocurrency exchanges in the first half of 2024 has already exceeded the total for the entire year of 2023.The number of tokens listed on larger exchanges with high trading volumes, including Binance and Bybit, increased by 11.6%, reaching 2,066, while the number of tokens listed on smaller exchanges with lower trading volumes, including CoinJar and BTC Markets, increased by nearly 32%, reaching 488.

ChainCatcher news, recently, the crypto data platform CCData released its outlook report for the second half of 2024. The report outlines the landscape of centralized exchanges and the evolving dynamics of market share. In the first half of the year, centralized exchanges (CEX) experienced significant growth, with total spot trading volume reaching $10.6 trillion, an increase of 145% compared to the second half of 2023. Among them, Bitget saw the largest market share increase, reaching 38.4%, followed by Crypto.com and Bybit, which grew by 24.6% and 22.2%, respectively.In the derivatives market, the open interest across exchanges grew by 30.5% in May, reaching $55.2 billion. The top three exchanges with the highest increase in open interest were Bitget (up 39.2%), Binance (up 33.2%), and OKX (up 22.1%).

ChainCatcher message, according to CCData's latest stablecoin report, the market capitalization of European stablecoins declined in June due to the implementation of regulations in the crypto asset market (MiCA).The market capitalization of euro-based stablecoins decreased by 2.51%, reaching a new low of $307 million in 7 months. During this period, the market capitalization of Tether's EURT stablecoin fell by 26%, primarily due to its delisting from major exchanges like Bitstamp.

ChainCatcher news, according to DLNews, currently, nine applicants are waiting for approval from the U.S. Securities and Exchange Commission (SEC), and the Ethereum spot ETF is expected to launch shortly after the Independence Day holiday. OKX Chief Business Officer Lennix Lai stated that investors will invest up to $500 million in these funds in the first week. Although the assets under management (AUM) of the Ethereum ETF may not match that of the Bitcoin ETF, its trading volume is expected to reach similar levels. Lai also noted that the launch of the new funds will trigger a new round of cryptocurrency market rallies.CCData analyst Jacob Joseph predicts that these ETFs will attract $3.9 billion in inflows within the first 100 days of trading, while Bitwise Chief Investment Officer Matt Hougan expects $15 billion in inflows over the first 18 months.In addition, experts believe that the price of Ethereum may rise due to 27% of Ethereum being locked, potentially leading to a supply-demand imbalance in the short term, making it an attractive option for institutional asset allocation. Lekker Capital founder Quinn Thompson predicts that the price of Ethereum could soar to $7,000. However, some analysts are cautious about the market outlook, believing that the demand from traditional financial institutions for Ethereum may not meet expectations.

ChainCatcher news, digital asset data company CCData announced the completion of a strategic round of financing, with participation from VanEck and MarketVector Index. The specific amount of financing has not been disclosed.It is reported that the company currently mainly aggregates real-time cryptocurrency data sources from global exchanges, providing comprehensive and accurate digital asset data, reference rates, and indices. Its data solutions have been adopted by institutions in both traditional finance and the digital asset space, such as MSCI, Pantera, Ripple, BitGo, Metamask, Coinbase, and 21Shares, and it has established strategic distribution partnerships with platforms like Refinitiv and SIX Digital.

ChainCatcher news, according to Bloomberg citing CCData, the market share of South Korean exchanges rose to 12.9% in November, while the trading volume in South Korea has surged significantly in recent months. CCData PR manager Jamie Sly stated, "South Korean exchanges have played a significant role in the recent increase in trading activity on centralized exchanges. The South Korean exchange Upbit accounts for the majority of trading volume in South Korea."

ChainCatcher news, Bitget announced a strategic partnership with the crypto data platform CCData. This collaboration will provide comprehensive data solutions for Bitget's institutional users, offering a broader range of data dimensions to effectively optimize investment decisions.Bitget's General Manager Gracy Chen emphasized the importance of this partnership for users: "The collaboration with CCData will provide our users with multidimensional institutional-grade data, allowing them to seize investment opportunities more efficiently and optimize their investment strategies, gaining an advantage in the digital asset space."CCData's CEO and co-founder Charles Hayter stated: "As the digital asset space continues to grow, it becomes crucial for market participants to access high-quality trading platforms and reliable data. By integrating Bitget into CCData's data infrastructure, Bitget users can seamlessly access accurate data, serving as an effective reference for trading decisions."