ChainCatcher news, Bitfinex released a report stating, "Despite the strong performance of Bitcoin, it has not yet broken through the key high of $65,200 from August 25. This is very important because if Bitcoin fails to break this level, it will confirm a pattern since the historical high of $73,666 set in March, where Bitcoin has not exceeded any previous highs and has formed new local bottoms, maintaining a downward trend. In other words, from a longer time frame perspective, Bitcoin has been in a downtrend since March.Additionally, despite the recent price increase being optimistic, the growth of Bitcoin's open interest has outpaced the increase in Bitcoin's price itself, indicating that last week's movement came more from the futures and perpetual markets rather than the spot market.Meanwhile, we have also seen some altcoins surge, with some well-known tokens rising over 100% since their lows in August and September. However, caution is warranted here, as the open interest in altcoins has also reached new highs, but the overall altcoin market has not seen corresponding price breakthroughs. The OTHERS index (which measures the performance of altcoins outside the top 10 by market cap) has continued to decline over the past month.As buying pressure in the Bitcoin spot market slows down, the incremental volume of spot accumulation has stabilized as prices reached $63,500, and we expect Bitcoin to remain in a range-bound fluctuation in the short term.Nevertheless, an important counterargument is that sustained ETF inflows could boost Bitcoin's price. Last week, the spot Bitcoin ETF recorded new inflows, increasing by $397.2 million. This suggests that if traditional financial markets like the S&P 500 continue to rise, Bitcoin still has the potential for further increases. If Bitcoin breaks through the key resistance level at the end of August, it could drive its price to new highs, especially with the end of the low liquidity period of summer. However, without sustained spot buying, Bitcoin is most likely to experience consolidation or a partial pullback."

ChainCatcher message, Baby Doge announced on the X platform that BabyDoge has been listed on the spot market of Binance Thailand. It is reported that Binance Thailand is a cryptocurrency exchange regulated by local authorities in Thailand.

ChainCatcher news, OKX will list ATH (Aethir) on the spot market, deposits have opened on June 7 at 19:00 (UTC+8), and trading will start on June 12 at 18:00 (UTC+8).

ChainCatcher message, Coinbase International Exchange announced that the COSMOSDYDX-USDC spot market will be rescheduled to launch, and the latest timetable will be provided as soon as possible.

ChainCatcher news, Binance announced that it will open spot trading algorithm order trading robot services for the trading pairs CHZ/FDUSD, LINK/USDC, and MANTA/USDC on January 24, 2024, at 08:00 (UTC).

ChainCatcher news, the encrypted trading platform WOO X announced that it will expand its designated market maker (DMM) program to the spot market in January next year. WOO X aims to achieve a 100% custody ratio by the second quarter of 2024. WOO X stated that since the launch of the perpetual contract DMM model in August 2023, this model currently accounts for nearly 80% of all order trading volume in the perpetual futures market.

ChainCatcher news, November 16, according to Bitget market data, ORDI rose 19% today, reaching $26.08 at the time of publication.It is reported that the total spot trading volume of ORDI has reached 440 million, with Binance's spot trading market at 160 million, ranking first; OKX's spot trading volume at 110 million, ranking second; and Bitget's spot market at 41 million, ranking third.

ChainCatcher news, Bitget has launched a spot market maker incentive program, which offers partners benefits such as Maker fee rebates, an increase in the number of sub-accounts, API rate limit enhancements, one-on-one technical support, subsidies, and monthly rewards.The incentive program is divided into three tiers. In the first tier, a monthly trading volume of $10 million qualifies for a 0.015% Maker fee rebate; in the second tier, a monthly trading volume of $5 million qualifies for a 0.010% Maker fee rebate; in the third tier, a monthly trading volume of $2 million qualifies for a 0.005% Maker fee rebate.

ChainCatcher news, blockchain analytics company Kaiko reports that Binance's spot market share has dropped from 64% earlier this year to 50%. Coinbase's spot market share has decreased from 8% to 5.5% during the same period.

ChainCatcher news, the cryptocurrency exchange Kraken has seen its spot market share among exchanges supporting USD rise to 20.5%, reaching a new high in 18 months, with a significant increase in customer usage and activity on the new Pro platform.Additionally, Kraken's Product Director Shannon Kurtas stated, "Over the past 12 months, Kraken's market share among exchanges supporting EUR has increased from 35% to just over 50%."

ChainCatcher message, the synthetic asset protocol Synthetix has opened a vote on the proposal to deploy a synthetic ETH spot market with the snxETH Token on Optimism, integrated with the Synthetix V3 core system, with a deadline of May 21. The current support rate is 100%. (Source link)

ChainCatcher News, the U.S. House Committee on Commodity Markets, Digital Assets, and Rural Development will hold a hearing titled "The Future of Digital Assets: Identifying Gaps in Spot Market Regulation" at 02:00 Beijing time on April 28. Former CFTC Chairman Timothy Massad, FalconX General Counsel Purvi Maniar, and Hedera Global Policy Head Nilmini Rubin will attend the hearing. (Source link)

ChainCatcher message, Bitget's spot trading market has added the Optimism zone today and will launch the Hop Protocol token HOP, Lyra Finance token LYRA, OPX Finance token OPX, and Collab.Land token COLLAB at 14:00 Singapore time today.The Dopex Rebate token RDPX will go live at 18:00 Singapore time today. The GMD Protocol token GMD, Sonne Finance token SONNE, and Kwenta token KWENTA will launch at 19:00, followed by the Vesta Finance token VSTA at 20:00.In addition, the Bitget futures trading market has launched the U-based GMXUSDT perpetual contract, AGIXUSDT perpetual contract, HIGHUSDT perpetual contract, and ASTRUSDT perpetual contract today. (Source link)

ChainCatcher news, according to The Block, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that he supports Congress granting the U.S. Commodity Futures Trading Commission (CFTC) the authority to regulate certain spot tokens. The CFTC should have greater power, as it currently lacks a direct regulatory channel for underlying non-security tokens. (source link)

ChainCatcher News, CFTC Chairman Rostin Behnam stated, "Regulating the crypto spot market is a big step for us," and is currently continuing to push for the CFTC to expand its regulatory authority in the cryptocurrency space. He also noted that unlike traditional commodity markets, which are primarily institutional and wholesale, the cryptocurrency market is retail-oriented and speculative in nature.Previously, U.S. market regulators suggested that Congress pass legislation to grant federal agencies more direct regulatory power over crypto markets such as Bitcoin and Ethereum. (Source link)