Investment advisor Two Prime expects demand for Bitcoin loans to hit $2 billion
Alexander Blume, the managing partner of investment advisor Two Prime, stated that since September, we have seen a demand of about $2 billion for Bitcoin collateralized loans. So far, about 85% of the loans issued by Two Prime are collateralized by Bitcoin, while the rest are collateralized by Ethereum and other cryptocurrencies.
BitVM Developers: BitVM just broadcast the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script
ZeroSync project leader and BitVM developer Robin Linus posted on social media that we have just broadcasted the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script.
Prior to this news, Robin Linus previously published a white paper titled "BitVM: Compute Anything On Bitcoin". BitVM is an abbreviation for "Bitcoin Virtual Machine", which proposes a Bitcoin contract solution that can achieve Turing completeness without changing the consensus of the Bitcoin network.
Bitdeer produced 462 BTC in October and managed a total computing power of 21.2 EH/s.
Wu Jihan's mining company Bitdeer announced an update on its operations for October 2023. As of October 31st, the company's total managed hash rate (including self-mining, cloud mining, and hosting) reached 21.2 EH/s, with 462 BTC mined (only through self-mining). Among them, the Gedu data center in Bhutan provided 3.3 EH/s of hash rate and mined 211 BTC, accounting for 46% of the total BTC mined that month. The total power capacity of the six mining data centers remained stable, totaling 895 MW.
In addition, the company has made progress in the 175 MW immersion cooling data center in Norway, which is expected to be completed in 2025.
Bitcoin Spikes Nearly 3% in Short Squeeze, Widening Crypto Rally Lifts Market Cap to $1.3T
Bitcoin experienced a nearly 3% spike to $35,500 due to a short squeeze, while solana led the gains in altcoins. The cryptocurrency market cap reached its highest level since May 2022, totaling $1.3 trillion. K33 analyst recommends aggressively accumulating bitcoin in November. Altcoins such as Solana, Toncoin, and Crypto.com's Cronos ecosystem token gained 5%-10%, while Binance's BNB, Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) retreated 3%-4%. The CoinDesk Market Index (CMI) increased by 1%. The total cryptocurrency market capitalization reached $1.31 trillion, supported by increasing risk-on sentiment on traditional markets. K33 Research noted that capital rotation into altcoins is creating a "mini altcoin season," while accelerating inflows into bitcoin-related funds provide support for BTC's price.
BTC breaks through $35,500
The market shows BTC breaking through $35,500, currently trading at $35,508.2, with an intraday increase of 1.55%. The market is volatile, please be cautious of risk control.
3,654 BTC transferred from unknown wallet to Bitfinex
Whale Alert monitoring shows that at 22:53:04 today Beijing time, 3,654 BTC ($127,273,022) was transferred from an unknown wallet to Bitfinex.
BitDeer mined 211 Bitcoins at Gedu data center in October
On November 7th, Bitdeer publicly released its unaudited mining and operational updates for October 2023 on its official website.
In October, Gedu data center provided 3.3EH/s of computing power and mined 211 bitcoins, accounting for about 46% of the total bitcoins mined in that month. The number of bitcoins mined in October 2023 increased by 173.4% compared to the same period last year. The number of bitcoins mined in October 2023 decreased by 4.1% compared to September 2023, mainly due to the increase in the total computing power of the Bitcoin network. The company generally does not hold cryptocurrencies obtained through its mining business and promptly converts them into fiat currency.
Glassnode: Number of long-term Bitcoin investors holdings hits record high
On November 7th, data analysis platform Glassnode stated that as the amount of Bitcoin held by long-term investors reaches a historic high, the supply of Bitcoin is in a historically tight state.
Bitcoin open interest exceeds $15 billion
According to Coinglass platform data, the current open position of Bitcoin exceeds 15 billion US dollars, reaching 15.64 billion US dollars. Among them, Binance exchange has the largest proportion, reaching 4.096 billion US dollars; CME ranks second, reaching 3.656 billion US dollars; Bybit ranks third, reaching 2.776 billion US dollars.
1,500 BTC transferred from unknown wallet to Coinbase
According to Whle Alert monitoring, 1,500 BTC (valued at $52,128,992) was transferred from an unknown wallet to Coinbase at 21:05 Beijing time, as reported by DeepChain TechFlow.
Bitfarms mined 398 BTC in October
Bitfarms Ltd., a Bitcoin mining company, has released its financial performance for the third quarter ending September 30, 2023. Out of the 398 BTC mined in October 2023, 341 BTC have been sold, generating revenue of $10 million. The remaining 57 BTC will be added to the treasury, increasing the amount of BTC held in custody to 760 BTC. Based on the BTC price of $34,200 on October 31, 2023, the total value is $26 million.
The Bitcoin network has not produced a block for more than 1 hour
On November 7th, according to BTC.com data, the Bitcoin network has not produced a block for over 1 hour. The latest block, 815,689, was mined at 16:47:07, reported by AntPool.
Cryptocurrency writer blocked from buying BTC, but bank gave no specific reason
Cryptocurrency writer Scott Dedels stated on X that a bank blocked two Bitcoin transactions without providing any "specific" reason. Dedels now hopes people can withdraw their funds and argues that financial institutions should not control how customers decide to use their money. It is currently unclear which bank blocked Dedels' Bitcoin purchases. However, the author claims it was one of the "Big Five" Canadian banks. An insider revealed that more and more Canadian banks are keen to bolster their balance sheets. In this effort, banks are becoming increasingly sensitive and hoping to retain more funds to improve their lending capacity. This "sensitivity" explains why more and more banks are prohibiting the transfer of funds to cryptocurrency.
Yesterday, the transaction fee of the entire Bitcoin network exceeded 74 BTC, an increase of more than 4 times compared with a week ago.
According to BTC.com data, on November 7th, the total network transaction fee for Bitcoin reached 74.439 BTC, continuing the growth trend since November 3rd. Compared to the single-day total network transaction fee of 18.12 BTC on October 30th, which was more than 4 times higher.
OKX Web3 wallet BRC20 asset transaction volume increased across the board, sats 24h transaction volume exceeded 100 BTC
According to official data from BlockBeats on November 7th, the trading volume of BRC20 assets on OKX Web3 wallet has increased across the board, with the trading volume ratio ranking first in the industry. Among them, sats' 24-hour trading volume exceeded 100 BTC, reaching 102.96 BTC, with a transaction amount of 761.48 BTC and over 21 million transactions, setting a new historical high.
Glassnode sells Bitcoin tax software to Blockpit
Cryptocurrency intelligence company Glassnode has announced that it will abandon projects related to cryptocurrency taxation and instead focus on new solutions for institutional investors and DeFi. On November 6th, Glassnode announced the sale of its cryptocurrency tax platform, Accointing, to European cryptocurrency compliance provider Blockpit. A spokesperson stated that Glassnode will exit the cryptocurrency taxation field by selling Accointing to Blockpit, allowing the company to focus on providing new intelligent solutions for institutional clients in the digital asset space.
1250 BTC transferred from unknown wallet to Binance
According to Whale Alert monitoring, at 13:19:07 Beijing time, 1,250 BTC ($43,605,596) was transferred from an unknown wallet to Binance.
Core Scientific produced 910 BTC through its own mining machines in October
Core Scientific announced an update on its operations in October 2023. The company produced 910 Bitcoins through its own mining machines in October. As of the end of the month, the company operated about 145,000 of its own Bitcoin mining machines, accounting for about 73% of the total number of machines, with a total computing power of 15.1 EH/s.
In addition to self-mining, Core Scientific also provides data center hosting services, technical and operational support for about 53,000 customer-owned hosted Bitcoin mining machines. As of October 31, they accounted for about 27% of the Bitcoin mining machines operating in the company's data centers. Customer-owned machines produced about 417 Bitcoins in October, including Bitcoin rewards paid to the company based on profit-sharing agreements.
The top 14 crypto mining companies hold a total of 38,903 Bitcoins, and their total holdings are far less than MicroStrategy
According to a report released by CoinGecko, as of November 1, 2023, the top 14 listed Bitcoin mining companies held a total of 38,903 BTC, which accounted for 0.18% of the BTC supply, much lower than MicroStrategy's 152,333 BTC holdings.
Currently, the top 14 Bitcoin mining companies hold a total of 38,903 BTC. However, this only accounts for 0.18% of the maximum Bitcoin supply (21 million), far lower than MicroStrategy's 152,333 BTC holdings.
Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three listed Bitcoin mining companies with the most Bitcoin holdings. These three companies collectively hold 30,401 BTC, accounting for 78% of the total BTC holdings of leading mining companies.
The top three Bitcoin mining companies each hold more than 3,000 BTC. In contrast, the remaining 11 companies each hold less than 3,000 BTC, with a total of 8,502 BTC.
Metaverse Land Bitmap’s transaction volume exceeded 1 BTC in the past 24 hours
According to data disclosed by Ordinals Wallet, the 24-hour trading volume of the Bitmap land in the Metaverse has exceeded 1 BTC. It is reported that the developer of the Bitmap protocol is blockamoto. After the protocol was launched, Ordinalswallet officially developed a map based on Bitmap for duplication checking and engraving.
