Native

Matrixport: Liquidity indicators may not accurately predict BTC trends; attention should be paid to native crypto driving factors or policy impacts

ChainCatcher news, according to Matrixport analysis, the correlation between the rise in global liquidity and the increase in Bitcoin prices has certain limitations. The global liquidity indicator, measured by the total money supply of 28 central banks (in USD terms), although visually correlated with Bitcoin price trends, has its predictive accuracy questioned due to the non-stationarity of the time series and scale differences.The analysis points out that while the growth of money supply may have a lagging effect on the Bitcoin market, this lag time lacks strong theoretical support. Furthermore, although the correlation between Bitcoin and Nasdaq has slightly increased in recent years, it remains below the 60% peak during COVID, indicating that Bitcoin trading is more driven by its own dynamics rather than acting entirely as a proxy asset for tech stocks.Matrixport believes that the broad consolidation of Bitcoin prices may continue, and solely relying on liquidity indicators to predict market trends may not be reliable enough. In contrast, focusing on native driving factors of cryptocurrencies or macro variables with direct policy impacts (such as political leaders supporting cryptocurrencies) may be more valuable. Although market perceptions may have mathematical flaws, their widespread acceptance could still have a tangible impact on market behavior.

BNB Chain has launched a permanent liquidity support program with a total of 100 million USD, rewarding the native tokens of the top ten exchanges in the ecosystem

ChainCatcher message, after the previous two phases of $4.4 million liquidity activities, BNB Chain announced today the launch of a new $100 million permanent liquidity support program. This initiative aims to enhance on-chain liquidity by incentivizing the native project tokens of BNB Chain and collaboratively building long-term value for the industry.The activity starts today and will run for a trial period of 3 months, with adjustments made based on community feedback. BNB Chain native tokens listed on the following three categories of centralized exchanges will be eligible for corresponding rewards, with exchange rankings based on CMC spot rankings and standards:Category 1: Binance, Coinbase, Upbit - listing on any one of these can earn a maximum reward of $500,000.Category 2: Kraken, Bybit, and OKX - listing on any one of these can earn a maximum reward of $250,000.Category 3: Bitget, Mexc, Gate.io, Kucoin, Crypto.com - each listing can earn a reward of $10,000, with a maximum of $50,000.Each project can repeatedly earn rewards, with a single project eligible for a maximum of $800,000 in liquidity rewards across the three categories.Award requirements: The token must be a new token issued after the start of the activity and must be 100% a native token of BNB Chain. The token issuance time must exceed 48 hours to be eligible for rewards.On-chain basic requirements: Market capitalization of no less than $5 million, at least 10,000 unique wallet addresses, daily average on-chain trading volume of no less than $1 million, and distribution of tokens, etc.Final rewards will be distributed in the form of permanent liquidity. Before the rewards are distributed, BNB Chain will announce the reward list on its official Twitter for community review. Any cheating behavior will result in disqualification, and the first user to provide evidence of cheating will receive a $10,000 BNB Chain reward.
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