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每日数字货币动态汇总(2024-08-02)

Daily summary of digital currency (2024-08-02)

Golden10 Data ·  10:44

1. The total amount of capital raised in the crypto market in July was $1.018 billion, up 37% from month to month

According to RootData data, the total amount of financing in the crypto market in July 2024 was 1.018 billion US dollars, an increase of 85% from 0.55 billion US dollars in July 2023, and a 37% increase from 0.743 billion US dollars in June 2024. Furthermore, the number of financing transactions in July 2024 was 111, an increase of 9.9% over the previous month. In terms of total track financing, the top three tracks are other categories, Cefi, and Defi, respectively.

2. In July, the net monthly inflow of US spot Bitcoin ETFs was about 0.051 million BTC, and BlackRock increased its holdings by nearly 0.036 million bitcoins

According to data disclosed by TraderT, the monthly net inflow of US spot Bitcoin ETFs in July was about 0.051 million BTC, or 3.2 billion US dollars. The purchase price range was 62,600 US dollars from 62,600 US dollars to 64,600 US dollars. Among them: 1. BlackRock increased its holdings of 35,999 bitcoins, with an inflow of about 2.3 billion US dollars. Currently, it holds 342,978 bitcoins, ranking first; 2. 2nd place. The inflow of ArkInvest is about $0.182 billion; 4. VanEck in fourth place has an inflow of about $81 million; 5. Bitwise, the fifth place, has an inflow of about $69 million. Furthermore, Grayscale GBTC's July outflow amount was approximately USD 0.427 billion.

3. Santiment: Beginning in August, traders were generally optimistic about the leading cryptocurrencies

On-chain and off-chain indicator intelligence platform Santiment posted an article on the X platform saying that with the arrival of August, traders are generally optimistic about leading cryptocurrencies. FOMO sentiment is expected to weaken slightly before Bitcoin, Ethereum, Ripple, and SOL rise. BNB is currently one of the few large cryptocurrencies where market bullish sentiment is relatively weak.

4. VanEck CEO: Bitcoin's market capitalization will reach half of the total market value of gold

The CEO of VanEck said that Bitcoin's market capitalization will reach half of the total market value of gold, reaching $350,000 each. Furthermore, VanEck's CEO also stated that if central banks adopted Bitcoin and became part of the financial system, its value would reach “millions.”

5. MicroStrategy's Q2 net loss of $0.1026 billion will raise $2 billion to buy more Bitcoin

According to CoinDesk, the second-quarter earnings report released by MicroStrategy showed that the company had a net loss of 0.1026 billion US dollars for the second quarter and a loss of 5.74 US dollars per share. The profit for the same period last year was 22.2 million US dollars, and earnings per share were 1.52 US dollars. The loss was due to the company's impairment charges of $0.1801 billion on its Bitcoin holdings, compared to $24.1 million in the second quarter of last year. According to data disclosed by MicroStrategy, as of July 31, the company held a total of 226,500 bitcoins, the purchase cost was $8.3 billion, and the average price was $36,821. Based on the current price of $63,500, these Bitcoin positions are worth approximately $14.4 billion. The company said its Bitcoin yield is 12.2% so far this year, with a target of 4% to 8% per year for the next three years. Additionally, according to Bitcoin Magazine, MicroStrategy will raise $2 billion to buy more bitcoins.

6. Crypto exchange Bybit terminates services in France

According to The Block, crypto exchange Bybit will stop providing products or services in France. Starting August 2 at 16:00 Beijing time, French users will not be able to buy any type of product, open new positions, or add new positions. All Bybit products, including Bybit Earn and all spot products, are covered by the restrictions. All remaining open positions of French users will be closed after 16:00 Beijing time on August 13. Thereafter, only withdrawals of assets and funds are permitted. With the EU's crypto asset market (MiCA) regulatory framework coming into full effect in December this year, it is becoming more difficult for crypto companies to obtain licenses in France. Bybit said in a press release on Thursday: “In light of recent regulatory developments by French regulators, Bybit will stop providing our products and services to French citizens and residents. We look forward to providing services again in the near future once the proper license has been obtained.”

7. Block's Bitcoin revenue in the second quarter of this year was 2.61 billion US dollars, up 9% year over year

According to Cointelegraph, the financial report for the second quarter of 2024 released by Jack Dorsey's payment company Block showed that the company's net revenue for the second quarter was 6.16 billion US dollars, an increase of 11% over the previous year. Among them, Bitcoin's revenue exceeded 2.61 billion US dollars, up 9% year over year. Total gross profit was $2.23 billion, up 20% year over year. Net profit attributable to common shareholders was $0.195 billion, up from $0.102 billion last year. Block's Cash App had second-quarter revenue of $4.13 billion. Revenue excluding Bitcoin transaction proceeds was $1.52 billion. Bitcoin's gross profit was $67 million, up 52% year over year. Block said that the increase in Bitcoin's gross profit was mainly driven by the rise in the average price of Bitcoin. Additionally, Block also updated its Bitcoin reserve status, saying that its Bitcoin holdings had lost $70 million. As of June 30, 2024, Block held approximately 8,211 bitcoins for investment purposes on its balance sheet, with a fair value of $0.515 billion. The company bought around 173 bitcoins in the past quarter.

8. Coinbase's total revenue for the second quarter of this year was 1.45 billion US dollars, down 11% from the previous quarter

According to The Block, Coinbase's latest financial report shows that the company's total revenue for the second quarter of this year was 1.45 billion US dollars, down 11% from the previous quarter. Part of the decline in total revenue was due to a decline in transaction revenue. Coinbase's second-quarter transaction revenue was $0.665 billion, down 29% from $1.07 billion in the first quarter. Among them, Solana accounts for 10% of Coinbase's total transaction revenue. However, the exchange's stablecoin revenue increased from $0.1973 billion in the previous quarter to $0.2404 billion. Coinbase's adjusted EBITDA was $0.596 billion, a sharp drop from the previous quarter's $1.01 billion. Net profit also fell to 36 million dollars from nearly 1.2 billion dollars in the first quarter.

9. Montenegro court paves way for Do Kwon's extradition to South Korea

According to Bloomberg, the Montenegro Court of Appeals upheld the ruling that Do Kwon, co-founder of Terraform Labs Pte., should be deported back to his native South Korea, thus rejecting the proposal to deport him to the US. Thursday's ruling is the latest in a series of rulings in Montenegro, which has been facing dual demands from the US and South Korea to extradite the notorious former cryptocurrency tycoon. The Podgorica court said in a statement on its website on Thursday that no one has appealed the verdict. The ruling also upheld an expedited extradition procedure previously issued by another court in Montenegro. After the verdict was announced, Do Kwon's attorney Goran Rodic said in response to Bloomberg that Montenegro will arrange the extradition with the assistance of Interpol and expressed the hope that the extradition will be completed “as soon as possible.”

10. EU regulators warn of offshore cryptocurrency risks under MiCA regulation

According to Cointelegraph, the European Securities and Markets Authority (ESMA) issued a new opinion highlighting the huge risks posed by global cryptocurrency companies that are doing a large amount of business abroad while seeking partial authorization under the Crypto Asset Market (MiCA) regulations. On July 31, ESMA issued an opinion statement relating to MiCA. ESMA has also issued such statements several times in the past after implementing new industry-wide regulations (such as after Brexit). ESMA's latest warning focuses on the complex organizational structure of many global cryptocurrency companies, which have been revealed to use EU-authorized brokers to route orders to execution sites outside the EU, usually in offshore jurisdictions. EU market regulators say this practice may disrupt consumer protection and create an unfair competitive environment, which is detrimental to enforcement sites within the EU. To address these issues, ESMA, in its opinion, called on national authorities (NCAs) in EU member states to conduct a strict review of the business models of these global companies during the licensing process. ESMA said that crypto asset execution platforms play a critical role in the overall functioning of the crypto asset ecosystem. According to the opinion, this could be reflected as: “While most crypto asset enterprise groups are expected to operate multilateral trading platforms outside the EU, there may also be situations where non-EU entities internalize order flows to execute orders from EU customers using their own accounts.” As such, its goal is to ensure that these companies fully comply with MiCA regulations to protect consumers and maintain the integrity of the crypto industry. ESMA also emphasized the importance of a detailed case-by-case assessment of companies seeking MiCA authorization. ESMA has outlined the specific requirements these companies must meet, including ensuring best execution practices, means to effectively manage conflicts of interest, and fulfilling the duty to act in the best interests of customers. Additionally, companies must abide by strict guidelines for the custody and management of crypto assets on behalf of their clients.

11. Binance Report: Total Cryptocurrency Market Capitalization Has Increased By About 44% This Year, Bitcoin Market Dominance Has Increased To Over 55%

Binance Research recently released a crypto market report for the first half of 2024. The main content is as follows: The cryptocurrency market has performed strongly this year. Up to now, the total cryptocurrency market value has risen by about 44%, an increase of more than 720 billion US dollars. Compared with the same period last year, the total cryptocurrency market capitalization has increased by more than 104% and has increased by more than $1.2 trillion since July last year. Bitcoin has been active since the US spot ETF was approved in January, the fourth halving event in April, and the release of Rune. Bitcoin's scalability and the decentralized finance (DeFi) sector have also become more active. Accordingly, Bitcoin's market share has grown from around 50% to over 55% this year. In addition to Nvidia, Bitcoin and Ether perform particularly well compared to common traditional finance (TradFi) investments (including Alphabet, Amazon, and Apple). The performance of Bitcoin and Ethereum far surpassed major stock indexes, and many stock indexes (such as the Hang Seng Index and FTSE 100 Index) returned only in single digits this year. The US Spot Bitcoin ETF received a huge positive response, attracting more than $17 billion in net inflows and an average daily trading volume of $2.5 billion. The recently launched US spot Ethereum ETF has also brought a positive tailwind to the industry, further legalizing this type of asset from the perspective of traditional finance.

12. QCP Capital: Discussions between US presidential candidates and senators about Bitcoin reserves may fundamentally change the crypto landscape

Singaporean crypto investment agency QCP Capital published an article stating that the key message of yesterday's US Federal Open Market Committee (FOMC) meeting was that the Federal Reserve clearly favors a dovish stance: expectations of interest rate cuts in September have been completely digested by the market. Unfortunately, the rise in the stock market was not reflected in the cryptocurrency market. Cryptocurrency has experienced an extensive sell-off overnight to this morning. The market remains tense as traders keep a close eye on daily Ethereum ETF outflows and further supply pressure from Mt Gox and the US government. In the long run, discussions between US presidential candidates and senators about sovereign Bitcoin reserves, and the potential for other countries to emulate, could fundamentally change the cryptocurrency landscape. The establishment of “put options” on Bitcoin prices by the US or sovereign countries may have a significant impact, and may make dips absorption a strategic investment method. The crypto market is likely to be range-bound until the next catalyst comes along.

The translation is provided by third-party software.


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