ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange announced today that its asset scale has exceeded HKD 5.5 billion, with total trading volume surpassing HKD 540 billion, and significant progress has been made in multiple business areas.With the further integration of traditional finance and the crypto industry, HashKey Exchange has attracted a large influx of funds from institutional investors. Among them, Omnibus brokerage services and institutional investor trading have seen significant growth.As of October 30, the total trading volume of Omnibus reached HKD 3.9 billion, with a monthly growth rate of 58.3%. Meanwhile, the proportion of institutional investor trading increased from 4.19% in July to 14.74% in October. In the future, as market activity continues to rise, HashKey Exchange will continue to promote its business expansion.

ChainCatcher news, CryptoQuant analyst Julio Moreno posted on the X platform that Bitcoin demand seems to be recovering. Since April 22, Bitcoin demand has been growing at the fastest monthly rate. Although the demand momentum is still in the negative range (red bars), indicating that selling volume still exceeds buying volume, the degree of this imbalance has eased.

ChainCatcher news, on-chain analytics company CryptoQuant indicates that Bitcoin whales have significantly reduced the speed of accumulating tokens. The 30-day percentage change in whale holdings has dropped from 6% in February (the fastest rate since February 2019) to the current 1%. Currently, "most" demand indicators show signs of weakness, and Bitcoin's purchasing power is still insufficient to push its price to a new all-time high.The report states: "Although the overall demand for Bitcoin is slowing down, long-term holders continue to accumulate Bitcoin at unprecedented levels. The total balance of these holders is growing at a record pace of 391,000 Bitcoins per month. The growth rate of demand from long-term holders is even faster than when Bitcoin's price exceeded $70,000 in the first quarter of 2024."

ChainCatcher message, CryptoQuant analysts stated: "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating a rising demand for Bitcoin."CryptoQuant reports that due to the ongoing growth of stablecoin liquidity not fully unfolding, Bitcoin prices may take longer to bottom out and start a new upward trend.

ChainCatcher news, according to the latest data from Dune Analytics, the total value stored in the StarkNet cross-chain bridge of the Ethereum Layer 2 scaling solution has reached 4,007 ETH, with the number of users participating in bridge transactions being 62,236.Historical data shows that the total value stored in the StarkNet cross-chain bridge surpassed 2,000 ETH on October 27, indicating a monthly growth of over 100%; in comparison, the current total value stored in the Arbitrum cross-chain bridge is 1,987,458 ETH, Optimism is 434,261 ETH, and zkSync is 183,265 ETH. (source link)