News
Bybit, ranking as the third-largest offshore exchange, published its ninth reserve certificate on April 3rd. The announcement detailed a significant increase in user assets: BTC holdings rose by 16.44%, with an addition of 6,273 BTC; ETH holdings increased by 15.95%, adding 47,700 ETH; and USDT holdings grew by 10.62%, with an increase of 226 million USDT. Over the past month, Bybit experienced a net inflow amounting to 534 million dollars. Link
Binance has announced the implementation of enhanced KYC standards, stipulating that only users who are verified and compliant will have access to their sub-accounts. By May 20th, 2024, holders of sub-accounts who have not submitted the required KYC documentation will face full restrictions on their accounts, including loss of access to the services provided by the Binance Link Program. Link
Options data for April 5th indicates that 18,000 BTC options are set to expire, featuring a Put-Call Ratio of 0.64, a Maxpain point at $68,000 and a notional value of $1.2 billion. Additionally, 270,000 ETH options are due for expiration, with a Put-Call Ratio of 0.38, a Maxpain point at $3,400 and a notional value of $890 million. Link
Today, BlackRock announced updates to the list of authorised participants for its spot Bitcoin ETF, IBIT, incorporating new institutions such as Citadel, Goldman Sachs, UBS and Citigroup. This expansion increases the total number of APs from four to nine, a move that is anticipated to improve IBIT’s liquidity and make it more accessible to investors. Link
Projects
Solana - According to data from @scarn_eth on Dune, the Solana network is experiencing a non-vote transaction failure rate of 76.8%. This high failure rate is attributed to the vast number of bots involved in arbitrage, which results in spam transactions. The Solana Foundation has announced that a patch to address this issue will be released shortly. Link
Uniswap - Uniswap Labs has announced that the trading volume on its protocol has exceeded $2 trillion. Link
Ethena - Ethena's USDe stablecoin has reached a supply milestone of over $2 billion, achieving this less than two months following its public debut in February. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Bybit, ranking as the third-largest offshore exchange, published its ninth reserve certificate on April 3rd. The announcement detailed a significant increase in user assets: BTC holdings rose by 16.44%, with an addition of 6,273 BTC; ETH holdings increased by 15.95%, adding 47,700 ETH; and USDT holdings grew by 10.62%, with an increase of 226 million USDT. Over the past month, Bybit experienced a net inflow amounting to 534 million dollars. Link
Binance has announced the implementation of enhanced KYC standards, stipulating that only users who are verified and compliant will have access to their sub-accounts. By May 20th, 2024, holders of sub-accounts who have not submitted the required KYC documentation will face full restrictions on their accounts, including loss of access to the services provided by the Binance Link Program. Link
Options data for April 5th indicates that 18,000 BTC options are set to expire, featuring a Put-Call Ratio of 0.64, a Maxpain point at $68,000 and a notional value of $1.2 billion. Additionally, 270,000 ETH options are due for expiration, with a Put-Call Ratio of 0.38, a Maxpain point at $3,400 and a notional value of $890 million. Link
Today, BlackRock announced updates to the list of authorised participants for its spot Bitcoin ETF, IBIT, incorporating new institutions such as Citadel, Goldman Sachs, UBS and Citigroup. This expansion increases the total number of APs from four to nine, a move that is anticipated to improve IBIT’s liquidity and make it more accessible to investors. Link
Projects
Solana - According to data from @scarn_eth on Dune, the Solana network is experiencing a non-vote transaction failure rate of 76.8%. This high failure rate is attributed to the vast number of bots involved in arbitrage, which results in spam transactions. The Solana Foundation has announced that a patch to address this issue will be released shortly. Link
Uniswap - Uniswap Labs has announced that the trading volume on its protocol has exceeded $2 trillion. Link
Ethena - Ethena's USDe stablecoin has reached a supply milestone of over $2 billion, achieving this less than two months following its public debut in February. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Bybit, ranking as the third-largest offshore exchange, published its ninth reserve certificate on April 3rd. The announcement detailed a significant increase in user assets: BTC holdings rose by 16.44%, with an addition of 6,273 BTC; ETH holdings increased by 15.95%, adding 47,700 ETH; and USDT holdings grew by 10.62%, with an increase of 226 million USDT. Over the past month, Bybit experienced a net inflow amounting to 534 million dollars. Link
Binance has announced the implementation of enhanced KYC standards, stipulating that only users who are verified and compliant will have access to their sub-accounts. By May 20th, 2024, holders of sub-accounts who have not submitted the required KYC documentation will face full restrictions on their accounts, including loss of access to the services provided by the Binance Link Program. Link
Options data for April 5th indicates that 18,000 BTC options are set to expire, featuring a Put-Call Ratio of 0.64, a Maxpain point at $68,000 and a notional value of $1.2 billion. Additionally, 270,000 ETH options are due for expiration, with a Put-Call Ratio of 0.38, a Maxpain point at $3,400 and a notional value of $890 million. Link
Today, BlackRock announced updates to the list of authorised participants for its spot Bitcoin ETF, IBIT, incorporating new institutions such as Citadel, Goldman Sachs, UBS and Citigroup. This expansion increases the total number of APs from four to nine, a move that is anticipated to improve IBIT’s liquidity and make it more accessible to investors. Link
Projects
Solana - According to data from @scarn_eth on Dune, the Solana network is experiencing a non-vote transaction failure rate of 76.8%. This high failure rate is attributed to the vast number of bots involved in arbitrage, which results in spam transactions. The Solana Foundation has announced that a patch to address this issue will be released shortly. Link
Uniswap - Uniswap Labs has announced that the trading volume on its protocol has exceeded $2 trillion. Link
Ethena - Ethena's USDe stablecoin has reached a supply milestone of over $2 billion, achieving this less than two months following its public debut in February. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
