1. Trading volume of 11 US spot Bitcoin ETFs reaches $711 million, the third lowest level since launch. 2. Driven by macro factors

JIN10
2024.09.11 02:47
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The total trading volume of 11 US spot Bitcoin ETFs reached $711 million, hitting the third lowest level since their launch. Macro factors have driven the correlation between Bitcoin and the S&P 500 to a 23-month high. Bitwise CIO predicts that as macro uncertainties fade in Q4, cryptocurrencies will rise significantly. Beijing police cracked a case of an underground money laundering syndicate involving over 800 million RMB. An FBI report states that cryptocurrency-related security losses exceeded $5.6 billion in 2023. The trading volume of stablecoins on the Ethereum blockchain hit a historical high of $1.46 trillion

  1. Trading volume of 11 US spot Bitcoin ETFs reached $711 million, the third lowest level since their launch.

  2. Macroeconomic factors drive Bitcoin's correlation with the S&P 500 to a 23-month high.

  3. Bitwise CIO: Cryptocurrencies are expected to surge significantly as Q4 macro uncertainties fade.

  4. Beijing police cracked a case of an underground money laundering operation using virtual currency, involving over 800 million yuan.

  5. FBI: Security losses related to US cryptocurrencies in 2023 exceed $5.6 billion.

  6. K33 Research report: Funding rate indicators suggest a market bottom rebound in the coming weeks.

  7. Since 2013, the US SEC has imposed $7.4 billion in fines on the cryptocurrency industry.

  8. Ethereum-based stablecoin trading volume hits a historical high of $1.46 trillion.

  9. Shengbao Bank: The impact of the US election on the market may exceed monetary policy.

  10. Paypal and Venmo integrate Ethereum Name Service (ENS) to support encrypted payments.

  11. a16z plans to hold HACK UK hackathon next month, focusing on blockchain, digital identity, and other themes.

  12. DFA Global Investment Management Company launches three digital asset and disruptive technology ETFs.

  13. Victory Securities: Bitcoin may continue to fluctuate due to the impact of the US stock market decline, but virtual assets remain resilient in the market.

  14. Bitcoin trading volume in the first 8 months reached $28.74 trillion, surpassing the trading volume during the 2021 bull market.

  15. Opinion: BTC has surpassed the US stock market since decoupling from the US dollar and gold in terms of trading hours

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