Crypto Guides, Knowledge & Insights

MicroStrategy Buys 155 BTC in October, Total Holdings Reach 158,400 BTC

MicroStrategy has officially released its financial report for the third quarter of 2023, revealing an additional purchase of 155 Bitcoins in October at a price of $5.3 million. As of October 31, 2023, MicroStrategy holds a total of 158,400 Bitcoins, with a total cost of $4.69 billion, equivalent to $29,586 per Bitcoin.　　The company reported a total revenue of $129.5 million for the third quarter, representing a 3% year-over-year growth. Software license revenue was $45 million, marking a 16% year-over-year increase, and subscription services revenue amounted to $21 million, showing a 28% year-over-year growth.　　

2023-11-02Deep Dive

Bloomberg: Crypto Market's Long-Term Liquidity Shortage Sparks Recent Bitcoin Price Volatility

The long-term lack of liquidity in the cryptocurrency market has been a key factor in the significant price volatility of Bitcoin over the past few weeks. FalconXs research team found that while recent trading activity partly rebounded due to expectations of Bitcoin exchange-traded funds (ETFs), the market depth this year remains at its lowest point. They measured market depth by looking at the average trading volume of Bitcoin within 1% of the current price over a 24-hour period.　　In November of last year, blockchain data company Kaiko referred to the ongoing impact as the “Alameda Gap.” Researchers at Kaiko stated that this lingering effect is largely a result of market makers suffering significant losses after the FTX crash.　　According to Delphi Digital data, total trading volumes on centralized exchanges (CEX) and decentralized exchanges (DEX) in the spot market are at multi-year lows.　　Stablecoins market capitalization is another measure used by analysts to gauge the health of market liquidity, as stablecoins serve as a crucial entry and exit channel for cryptocurrency traders. They are typically pegged to another currency, with the most common being the U.S. dollar. According to DeFiLlama data, the total market capitalization of stablecoins has been shrinking.　　Michael Rinko, an analyst at

2023-11-02Deep Dive

Bitwise Analyst Foresees Up to $100 Billion Inflows from Physical Bitcoin ETFs in 5 Years

Bitwise analyst Ryan Rasmussen stated in an interview that a Bitcoin spot ETF could potentially bring in as much as $50 billion to $100 billion in inflows within the next five years and could “potentially have a huge impact on the price of Bitcoin.”　　He also mentioned that he expects the SEC to approve ETF applications as early as December of this year, with Bitwise being one of the applicants.　　Ryan Rasmussen previously noted that financial advisors interested in cryptocurrencies typically consider allocating 1% to 5% of their portfolio to Bitcoin. Historically, the weight of BTC in their portfolios has remained at the lower end of that range (1%) due to attractive opportunities in stocks and bonds. However, as professional asset allocators seek to hedge against rising inflation, economic uncertainty, and geopolitical conflicts, more people are considering increasing the weight of BTC in their portfolios.　　

2023-11-01Deep Dive

8 Key Highlights for November: Three Bitcoin Spot ETFs Under Review

Here are 8 significant events to watch for in November:　　November 2: The Federal Reserves interest rate decision will be announced.　　November 11: The third review of the 21 Shares/ARK Invest Bitcoin Spot ETF.　　November 12: Aptos (APT) is expected to unlock 24.84 million tokens, equivalent to 10.06% of the circulating supply, worth approximately $167 million.　　November 14: The release of the U.S. CPI data for October.　　November 17: The first review of the Hashdex and Franklin Bitcoin Spot ETF.　　November 24: Avalanche (AVAX) plans to unlock 9.54 million tokens, representing 2.69% of the circulating supply, worth about $105 million.　　November 30: Blur may commence its second-quarter airdrop.　　November 21: The second review of the Global X Bitcoin Spot ETF.　　

2023-11-01Deep Dive

Q3 2023: Top 10 DEX Spot Trading Volume Hits $105B, Down 31.2% from Q2

CoinGeckos Q3 cryptocurrency industry report reveals that the total trading volume for the top 10 DEXs in Q3 2023 was $105 billion, a 31.2% decrease from the second quarter. THORChain had the largest percentage gain in Q3 2023, with a trading volume increase of 113%, totaling $1.27 billion. Sushi.com, which has been a DEX mainstay since 2020, dropped out of the top 10 in Q3 2023. Orca claimed the dominant position with a 1% market share by the end of September.　　

2023-11-01Deep Dive

Top 5 Best Meme Coins In 2024

Meme coins have undoubtedly left a significant mark on the cryptocurrency landscape, establishing themselves as an integral and unmissable component of the market.What is a meme coin？　　In the world of cryptocurrency, a unique and rather unconventional subcategory has emerged – meme coins. These digital currencies, often accompanied by comical or animated memes, have gained popularity thanks to enthusiastic online traders and followers. While meme coins offer a fun and lighthearted approach to the crypto market, its crucial to understand that they come with significant risks and may lack intrinsic value.　　At its core, a meme coin is a type of cryptocurrency that draws its inspiration from internet memes or incorporates humorous elements into its design. However, this broad definition merely scratches the surface of the meme coin phenomenon. In many cases, meme coins go beyond just borrowing from meme culture and infuse it into the very fabric of their tokens technical design.　　One defining characteristic of meme coins is the passionate online communities that rally behind them. These communities play a pivotal role in the currency‘s growth, fostering a sense of exuberance that sets meme coins apart in the crypto world. It’s not uncommon to see meme coins adorned with animated character

2023-11-01Deep Dive

Celestia Mainnet Beta Is Now Live After 60 Million TIA Token Airdrop

Celestia, the pioneering modular blockchain network, has successfully deployed its mainnet beta, codenamed “Lemon Mint.”Celestia Mainnet Beta Unveils Cutting-Edge Data Availability Tech　　This release introduces a game-changing data availability technology known as Data Availability Sampling (DAS). Celestia Mainnet Beta will enable rollups and other modular chains to leverage Celestia for data availability and consensus.　　One significant development accompanying this milestone is the listing of Celestias native token, TIA, on both centralized and decentralized exchanges. TIA will be available for trading on platforms such as Binance, Bybit, KuCoin, and Osmosis, making it accessible to a broader user base.The concept of DAS revolutionizes how blockchain nodes verify data availability without the need to download the entire dataset for a specific block. This concept was originally introduced in the “LazyLedger” whitepaper four years ago, and Celestia is now implementing it on its platform.　　Celestia Mainnet Beta, Lemon Mint, represents the debut of the first modular data availability network. However, Celestia is not embarking on this modular era alone; a thriving ecosystem is evolving to contribute new components to the modular stack.TIA Token Expansion and Developer Opportunities in Modular Blockchain　　Developers now have the opportunity to explore and create novel applications enabled by abundant blobspace, including onchain gaming.

2023-11-01Deep Dive

Taiwan’s Record 320M USDT Crypto Laundering Scandal Unveiled!

Taiwanese authorities recently made a significant breakthrough in the battle against crypto laundering, cryptocurrency-related crimes, uncovering what is being touted as the countrys largest-ever money laundering case involving a staggering sum of 320 million USDT.　　The investigation, spearheaded by the Taiwan police, has shed light on the intricate web of criminal activities orchestrated by a group of sophisticated fraudsters operating within and beyond Taiwans borders.　　According to the latest findings, the criminal suspects implicated in the money laundering scheme have been found to frequently traverse international boundaries, with Hong Kong, the Philippines, and Malaysia emerging as key destinations for their illicit activities. These individuals are believed to have established communication channels with local fraud groups in these regions, actively aiding in the process of laundering the substantial sum of cryptocurrency, with USDT as the focal point.Criminal Suspects Collaborate Across Borders in Elaborate Scheme　　The intricate nature of the operation has raised concerns among authorities regarding the scale and complexity of transnational cryptocurrency crimes. Law enforcement officials have emphasized the importance of bolstering international cooperation and implementing stringent regulatory measures to curb the rising trend of cross-border financial malfeasance. The need for a unified approach in tackling such sophisticated criminal networks has become increasingly

2023-11-01Deep Dive

Unibot Hacker Funneled 355.75 ETH via Tornado Cash Laundering Scheme!

Unibot hackers official Twitter account released a statement addressing a token approval vulnerability discovered within their new router.　　The company promptly suspended the router to contain any potential risks, citing a bug as the root cause. Assurances were extended to users regarding the safety of their keys and wallets, with a commitment to reimburse any lost funds. The announcement emphasized Unibot hackers proactive stance in addressing the issue and promised a comprehensive response pending the completion of their investigation.Stolen Tokens Laundered Through Tornado CashUnibot Hacker Funneled 355.75 ETH via Tornado Cash Laundering Scheme! 　　The gravity of the situation was further underscored by PeckShieldAlert‘s monitoring report, revealing distressing details about theUnibot hacker’s swift actions. The report disclosed that the assailant had successfully converted the pilfered tokens, amounting to an estimated 355.75 ETH, equivalent to roughly $640,000. Further analysis by PeckShieldAlert indicated that the attacker had effectively obscured the origins of the funds by laundering them through the notorious Tornado Cash platform.　　The convergence of Unibots security vulnerability and the subsequent illicit conversion of tokens into a substantial amount of Ethereum cast a shadow over the crypto community. Industry experts and investors expressed concerns over the persistent challenges posed by security breaches and the

2023-11-01Deep Dive

Starknet to Distribute 50 Million STRK Tokens to Early Ecosystem Contributors

The Starknet Foundation is allocating 50 million STRK tokens, which have not been released yet, to early ecosystem contributors. This initiative is known as the “Early Community Members Program” and aims to reward individuals who encourage technical discussions, organize Starknet-related events, and regularly publish Starknet-related content, as described in a blog post.　　“We intend to take this opportunity to recognize individuals who have made significant contributions to the Starknet ecosystem in various ways. Such contributions involve being key members who have made a substantial and positive impact on the ecosystem,” stated the Starknet Foundation in the blog post.　　The foundation also mentioned that it will reserve some tokens in case some contributors are inadvertently overlooked.　　

2023-10-31Deep Dive

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