Bitcoin breaks through $42,000, up 1.96% in 24 hours
According to OKX market data on December 13th, Bitcoin has risen above $42,000 and is currently priced at $42,041, with a 24-hour increase of 1.96%.
500 BTC transferred from unknown wallet to Binance
According to Whale Alert monitoring, at 19:13:01 Beijing time, 500 BTC (worth $20,586,126) were transferred from an unknown wallet to Binance.
Glassnode: Short-term BTC holders have deposited more than $4 billion in BTC into CEX in the past two days
On December 13th, Glassnode data showed that short-term BTC holders (entities holding BTC for no more than 155 days, referred to as STH) sent $1.93 billion worth of BTC to trading platforms on December 11th, and $2.08 billion worth of BTC on the following day. The last time the daily inflow of BTC into CEX exceeded $2 billion was in June 2022, and analysts believe that this data was a market reaction to the imminent collapse of the CeFi platform Celsius at that time.<br>In addition, the daily trading volume on December 12th also reached the highest level since early July this year. Glassnode also marked several on-chain indicators, indicating that STH may have temporarily reached the limit of the bull market.
Glassnode: Yesterday, short-term BTC holders deposited more than $2 billion worth of BTC into CEX
According to Glassnode data on December 13th, short-term BTC holders (entities that have held BTC for no more than 155 days) sent $1.93 billion worth of BTC to trading platforms on December 11th, and $2.08 billion worth of BTC on the following day. The last time the value of BTC transferred to CEX in a single day was over $2 billion was in June 2022, and it was believed that this data was a market reaction to the impending collapse of CeFi platform Celsius.<br>In addition, the daily trading volume on December 12th also reached the highest level since early July this year.<br>
A Year Of Progress
The interlocking dominos seem to have fully played out. The reason to be very bullish is that the vast majority of significant events in 2023 were good news and the blockchain industry made meaningful, necessary progress.
Apple Lianchuang: I have never bought stocks, but I have bought Bitcoin
Bitcoin News stated on social media that Apple co-founder Stephen Gary Wozniak said, "I have never bought stocks, but I have bought Bitcoin."
Bitcoin Inscription CVE vulnerability does not mean it is necessary to fix it. Whether to fix it depends on Bitcoin Core's attitude
SlowMist founder Yu Xian stated on social media that the issue of the Bitcoin sequence inscription being assigned a CVE number was originally a controversial issue within the community. However, the controversy was submitted to CVE, a widely influential vulnerability platform, and NVD (which many people say is a US government agency) and other vulnerability platforms also adopted the CVE number. The entire security and even IT industry recognizes these standards. But there is an objective fact: CVE vulnerabilities do not necessarily need to be fixed, especially those with low vulnerability ratings, such as the Bitcoin sequence inscription, which has a score of 5.3 (out of 10) and is a medium-risk vulnerability. If we look at the details, there are several indicators that affect the final score, some of which have a score of 0, and the "impact" indicator is only 1.4 points. In this case, whether it is finally fixed or not depends on the attitude of Bitcoin Core, and whether it is executed after the repair depends on the attitudes of the mining pools and influential individuals.
BTC breaks through 42,000 USDT again in the short term
According to the OKX market, BTC has once again broken through 42,000 USDT in the short term, reaching a high of 42,061.4 USDT, and is currently slightly falling to 41,953 USDT, with a 24-hour increase of 0.36%.
CME Bitcoin contract open positions fell by more than 10% in 24H and are currently US$4.55 billion
Coinglass data shows that the total open position of Bitcoin futures contracts on the network is 431,750 BTC, equivalent to US$18.01 billion, with a 24-hour decrease of 6.40%. Among them, the open position of CME Bitcoin contracts is 109,220 BTC, equivalent to US$4.55 billion, with a 24-hour decrease of 10.45%. The open position of Binance Bitcoin contracts is 97,960 BTC, equivalent to US$4.09 billion, with a 24-hour decrease of 2.52%.
Bitcoin Inscription vulnerability CVE was officially adopted by the US National Vulnerability Database
BlockBeats News, on December 12th, SlowMist founder Yu Xian stated on social media that the Bitcoin sequence inscription vulnerability CVE has been officially adopted by the US National Vulnerability Database (NVD), with a CVSS vulnerability level rating of 5.3, which is a medium severity level.
BlackRock, Fidelity and others discuss details of spot Bitcoin ETF redemption model with U.S. SEC
The US Securities and Exchange Commission (SEC) has been discussing the technical details of a possible spot Bitcoin exchange-traded fund (ETF) with well-known investment companies including BlackRock and Fidelity, indicating that the agency may soon make a decision on whether to approve such a product.
Bitcoin DeFi platform ALEX launches the Alpha version of Bitcoin oracle and is expected to complete testing by the end of the first quarter of next year
On December 11th, Bitcoin one-stop DeFi service platform ALEX released the Alpha version of the Bitcoin oracle, which was developed in collaboration with Domo, BIS, Hiro, UniSat, Xverse, and Xlink. BRC20 transfers and balances can be verified through smart contract-based consensus between BIS, Hiro, and UniSat. The indexer performance dashboard is now accessible on the Bitcoin oracle network. Xverse and Xlink will serve as the main development and testing partners.<br>The Alpha version of the Bitcoin oracle is expected to complete the testing phase and be fully launched in the first quarter of 2024, and community members are encouraged to participate in running indexer nodes and verifying BRC20 events.<br>
The accumulated fee income of Ordinals inscription exceeded 3,500 BTC, and the minting volume exceeded 47 million BTC.
According to Dune data, the cumulative fee income of the Bitcoin NFT protocol Ordinals' inscription casting has reached 3,514.8348 BTC, equivalent to approximately 151,580,113 US dollars. In addition, the current total amount of inscriptions cast is 47,293,074.
Bitcoin Inscription Project Rune Alpha Will Launch Trading Market Testnet This Week
On December 11th, Rune Alpha, a Bitcoin network inscription project, announced on X platform that it will launch a trading market testnet this week for trading COOK and other Rune assets. COOK holders will have additional incentives.
Volatility in Review: November 2023
ETH spot prices outperformed BTC’s for the first month since July, in a drifting November rally that can largely be attributed to a weakening dollar.
JAVIER MILEI: WHY ARGENTINA’S NEW PRESIDENT GIVES HOPE TO BITCOIN
Javier Milei has not voiced intent to adopt Bitcoin explicitly like El Salvador, but many of his policy positions naturally seem to lead in that direction.
Pro-bitcoin Argentinian president sworn in
Bitcoin Archive posted on social media stating that the President of Argentina, who supports Bitcoin, has been sworn in. His signature in the inauguration letter reads: "VIVA LA LIBERTAD CARAJO".
15170.12 BTC have flowed into exchange wallets in the past 7 days
According to Coinglass data, there were 4,515.97 BTC inflows into the exchange wallet in the past 24 hours, 15,170.12 BTC inflows in the past 7 days, and 14,246.69 BTC inflows in the past 30 days. As of the time of writing, the total balance of the exchange wallet is 1,815,488.86 BTC.
Bitcoin Ordinals Added to US National Vulnerability Database
The US National Vulnerability Database (NVD) marked Bitcoin Ordinals as a network security risk and called for attention to the vulnerability. Adding to the NVD list means that a specific network security vulnerability has been confirmed and is considered important for raising public awareness. The database is managed by the National Institute of Standards and Technology (NIST) under the US Department of Commerce.
A certain address started selling BTC after it returned to $44,000, making a total profit of over $9 million.
Lookonchain monitoring shows that a certain address bought WBTC multiple times at the beginning of 2022, and then the price of WBTC rose to over $47,000, but the address did not sell WBTC to profit. After that, Bitcoin entered a long bear market. During the bear market, the address did not sell Bitcoin at a loss, but accumulated 401 WBTC (worth about $8.7 million) in the bear market, and the average purchase cost of the address decreased to $28,223. After the recent price of WBTC returned to $44,000, the address began to sell WBTC to profit, and the total profit now exceeds $9 million.
