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Bitcoin sees all-time-low weekend trading levels following ETF approvals: Kaiko
Bitcoin sees all-time-low weekend trading levels following ETF approvals: Kaiko

Quick Take Bitcoin’s period of low volatility following the adoption of spot Bitcoin ETFs has seen several critical metrics for the blockchain decline, including its weekend trading volume which is at its lowest level in history, according to a report from Kaiko research.

The Block·2024/06/30 17:46
Flash
  • 02:38
    Derivatives trading protocol MYX Finance completes $5 million strategic round of financing, with participation from FL Foundation and others
    According to ChainCatcher, the derivatives trading protocol MYX Finance announced today that it has completed a strategic round of financing. This round of financing was participated in by leading institutions such as FL Foudation, Woyong, D11-Labs, HashKey Capital, and Metalpha. Among them, D11-Labs, HashKey Capital and other institutions have previously participated in the seed round of financing of MYX Finance. This round of financing will accelerate MYX Finance's vision of creating a "chain abstraction liquidity layer", thereby solving the two major problems of DEX "liquidity" and "ease of use", while providing users with CEX-level trading experience, retaining the composability and scenario innovation potential of DEX. In November 2023, MYX Finance has completed a seed round of financing with a valuation of US$50 million led by HongShan (Sequoia China). It is reported that MYX Finance will conduct TGE in the first quarter of this year. At present, the project has launched the Pre-TGE Pioneer Reward multiple tasks on Galxe. Community users can share 200,000 MYX tokens by completing social media group tasks, trading tasks, MLP purchase tasks, etc.
  • 02:23
    Mark Cuban: Federal spending cuts could trigger an economic downturn
    Mark Cuban recently expressed concerns about the U.S. economic outlook, warning that significant cuts in federal government spending could trigger a chain reaction that may ultimately lead to an economic recession.
  • 02:22
    The address with the largest loss on Cocoro sold off its holdings two hours ago, incurring a loss of $317,000
    According to EmberCN monitoring, the new meme coin Cocoro, created by the owner of the Doge prototype Shiba Inu, experienced a round of price fluctuations within 12 hours. A certain address bought Cocoro near its peak last night and sold it two hours ago, becoming the address with the largest loss on Cocoro. This whale purchased 6.4 million Cocoro at an average price of $0.0836, spending $534,000. Two hours ago, it sold at $0.0338, realizing a loss of $317,000 (-59%).
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