ChainCatcher news, at the TON Gateway 2024 conference held in Dubai, Ben El-Baz, Managing Director of the licensed exchange HashKey Global, announced that HashKey Global has currently submitted a license application to the Dubai Virtual Assets Regulatory Authority (VARA) and will soon disclose the latest developments. The exchange is also advancing preparations for licensing in Europe.Ben stated that since its launch six months ago, HashKey Global has benefited from the rapid growth of its contract business, ranking 7th in the global exchange rankings on CoinGecko, making it one of the fastest-growing exchanges in the world.

ChainCatcher news, the "Q3 2024 Cryptocurrency Industry Report" released by CoinGecko shows that despite the turbulent global economic environment, the total market capitalization of the cryptocurrency market remains relatively stable, ending the quarter at $2.33 trillion, a slight decrease of 1% quarter-on-quarter. Key highlights of the report include:Bitcoin's market share increased to 53.6%, up 2.7% quarter-on-quarter; Ethereum's market share decreased by 3.6%, down to 13.4%;Predicted market trading volume surged by 565%, with Polymarket leading the way;Ethereum L2 trading volume grew by 17.2%, with Base performing outstandingly;Centralized exchange (CEX) spot trading volume fell to $3.05 trillion, down 14.8% quarter-on-quarter, with Binance's market share dropping below 40% for the first time;In the decentralized exchange (DEX) sector, Ethereum still dominates but is facing fierce competition from Solana and Base.The report also noted that due to geopolitical and economic events, major asset classes such as gold and the yen have outperformed Bitcoin.

ChainCatcher news, Hong Kong licensed virtual asset trading platform HashKey Exchange announced that its assets have surpassed HKD 5 billion, with total trading volume exceeding HKD 530 billion.Driven by the bullish market, HashKey Exchange has attracted a significant influx of investor funds, solidifying its leading position in the Hong Kong virtual asset market.Looking ahead, as market activity continues to increase, HashKey Exchange will continue to expand the variety of tradable assets, helping investors create greater value.*Note: As of September 24, 2024, HashKey Exchange's cumulative trading volume has reached HKD 530 billion, ranking 11th in the Coingecko global exchange rankings, making it the largest licensed virtual asset exchange in Hong Kong.

ChainCatcher news, according to a report by CoinGecko, in August, Magic Eden's trading volume reached $122.47 million, ranking first with a market share of 36.7%. Blur's market share dropped from 35.4% at the beginning of the year to 25.4% last month, ranking second, with a trading volume of $84.69 million in August. OpenSea's market share is 19.9%, ranking third, with a trading volume of $66.52 million in August.

ChainCatcher news, the cryptocurrency data aggregation platform CoinGecko released a report indicating that from January 1 to August 25, 2024, the PolitiFi (meme related to U.S. election figures) token category increased by 782.4%, outperforming the broader Meme coin category, which rose by 90.2% during the same period.Although the PolitiFi segment tokens performed better than Meme coins, they still lag far behind the latter. As of August 25, the PolitiFi segment held a market share of 1.5% in the Meme coin category, with a market capitalization of $680.8 million, while the market capitalization of Meme coins was $45.6 billion.

ChainCatcher news, according to CoinGecko statistics, the largest single-day drop in cryptocurrency market capitalization in 2024 was 8.4%, occurring on March 20. Although there was a recent consecutive decline of 4 days, which caused the total cryptocurrency market capitalization to shrink from $2.44 trillion on August 2 to $1.99 trillion on August 6, these declines are not significant enough to be considered a market correction.At the same time, the largest single-day pullback experienced by the global cryptocurrency market in the past decade occurred during the Covid-19 crash on March 13, 2020, with a drop of 39.6%, as massive sell-offs led to a plummet in total cryptocurrency market capitalization from $223.74 billion to $135.14 billion.

ChainCatcher news, CoinGecko posted on social media that despite the recent four-day decline causing the total cryptocurrency market cap to drop from $2.44 trillion on August 2 to $1.99 trillion on August 6, this decline is not one of the most severe market corrections in the past decade, as the daily drop was less than 10%.Historical data shows that the most severe correction in the global cryptocurrency market occurred on March 13, 2020, influenced by panic over the COVID-19 pandemic, when the crypto market plummeted by 39.6%. The total cryptocurrency market cap fell from $22.374 billion to $13.514 billion (DoD), whereas the largest sell-off this year occurred in March, with a drop of 8.4%.

ChainCatcher news, a recent survey by CoinGecko shows that 54.1% of cryptocurrency participants expect this round of NFTs will not recover. 29.5% strongly believe they will not recover, 24.7% are mildly bearish, while another 26.4% of participants hold a neutral stance on NFTs, and only a minority of 19.4% of cryptocurrency participants still have hope for NFTs to make a comeback in this cycle.

ChainCatcher news, according to CoinGecko data, BTC market cap has fallen below 1 trillion USD, currently reported at 990,218,108,181 USD.

ChainCatcher news, CoinGecko posted on social media that according to the latest survey data, the crypto community seems to be relatively conservative about the price prediction for SOL. 24.9% of participants believe that SOL can only reach $300 in this cycle; 14.7% of participants believe that SOL will reach between $300 and $400 in this cycle; 12.6% of participants believe that SOL will reach between $400 and $500 in this cycle; 12% of participants believe that SOL will reach between $500 and $600 in this cycle; 10.6% of participants believe that SOL will exceed $1000 in this cycle.

ChainCatcher news, a CoinGecko research report shows that governments around the world hold a total of 471,380.6 BTC, worth approximately 3.27 billion USD, accounting for 2.6% of the total circulating supply of Bitcoin.Among them, the U.S. government holds the largest amount of Bitcoin among national governments, with 213,297 BTC, worth about 14.82 billion USD. A significant portion of the Bitcoin held by the U.S. government comes from the seized dark web "Silk Road."

ChainCatcher message, CoinGecko posted on the X platform stating that in the survey "How high will Ethereum go?", 20.6% of participants predict that ETH will exceed $10,000 in this cycle. Meanwhile, the other predictions are as follows:19.2% of survey participants predict that ETH will reach $5,000;10.6% of survey participants predict that ETH will be between $8,000 and $9,000;11.4% of survey participants predict that ETH will be between $6,000 and $7,000;11.7% of survey participants predict that ETH will be between $9,000 and $10,000.

ChainCatcher news, CoinGecko launched a survey on social platforms asking "Do you think Bitcoin can break $100,000 in this cycle?" The results show that 43.7% of participants expect Bitcoin to surpass $100,000 in this cycle, while 17.0% predict the price will be between $91,000 and $100,000.Additionally, 15.0% of participants hold a bearish view, expecting Bitcoin to only reach a peak of $75,000, while 24.3% anticipate Bitcoin will rise to between $76,000 and $90,000.

ChainCatcher news, CoinGecko disclosed its Q2 report data on the X platform, showing that DEX trading volume in Q2 reached $370.7 billion, a quarter-on-quarter increase of 15.7%, mainly due to the surge in Meme coin projects and a large number of airdrops. Uniswap remains one of the leading DEXs, with a market share of 48% as of the end of June 2024. The trading volume of the Blast ecosystem's Thruster increased by 464.4% quarter-on-quarter, reaching $6 billion, with a market share of 3%; additionally, thanks to Meme coin trading on the Base chain, Aerodrome's trading volume grew by 297.4%, reaching $5.9 billion and capturing 3% of the market share.

ChainCatcher news, cryptocurrency data aggregation platform CoinGecko released a report indicating that Ethereum entered an inflationary mode in the second quarter of 2024, with the circulating supply of ETH increasing by 120,818 coins. This change is attributed to a decrease in Ethereum network activity, leading to a significant reduction in the burn rate.In the second quarter of 2024, the Ethereum network burned 107,725 ETH while simultaneously issuing 228,543 ETH, resulting in a net increase of 120,818 in the circulating supply of Ethereum.The ETH burn rate decreased by 66.7% quarter-over-quarter, due to reduced network activity and lower gas fees. The decline in trading volume was a significant factor contributing to this decrease.In the second quarter of 2024, the area contributing the most to ETH burn was ETH transfers, which burned 6,838 ETH. This reflects that although the phenomenon of using the network for value transfer has decreased, it still persists.

ChainCatcher news, according to data disclosed by CoinGecko on the X platform, the total market capitalization of cryptocurrencies fell by 14.4% ($408.8 billion) in the second quarter of 2024, dropping to $2.43 trillion, fluctuating basically between $2.30 trillion and $2.90 trillion.While the cryptocurrency market declined, the S&P 500 index rose by 3.9%, leading to a significant decrease in the correlation between cryptocurrency market capitalization and the S&P 500 index, from 0.84 in the first quarter to 0.16 in the second quarter.In addition, cryptocurrency volatility remained high in the second quarter, with an annualized volatility of total market capitalization reaching 48.2%, and Bitcoin's annualized volatility at 46.7%. In contrast, the volatility of the S&P 500 index was much lower, at 12.7%.

ChainCatcher news, according to the cryptocurrency industry report released by CoinGecko for Q2 2024, the total cryptocurrency market capitalization fell by 14.4% in the second quarter, settling at $2.43 trillion.Key highlights of the report include: Bitcoin miner hash rate decreased by 18.8%, marking the first quarterly decline since Q2 2022; Meme Coins, artificial intelligence, and real-world assets (RWA) emerged as the hottest categories, accounting for 77.5% of network traffic; Ethereum supply increased by 120,818 ETH; centralized exchange spot trading volume decreased by 12.2%, while decentralized exchange spot trading volume increased by 15.7%.