Hello everyone, it's time to bring you the fresh news from the crypto world! Today, the crypto world is still bustling with activity, and various news is constantly emerging. Let's take a look together!
Bitcoin's on-chain transaction volume has hit a new low in 18 months. The once-booming trends of Runes and Ordinals are gradually fading, and the market seems to have entered a relatively calm adjustment period. However, Fidelity has made a new discovery: the growth rate of Bitcoin that has not moved for over ten years, the 'ancient supply,' has surprisingly exceeded the daily new production. What does this imply? Is it a sign that long-term holders are optimistic, or is there something else going on?
The topic of stablecoins continues to heat up. The Economic Daily pointed out that there are unstable risks behind stablecoins and reminded investors to be cautious. Meanwhile, in Hong Kong, Xu Zhengyu stated that Hong Kong regulations do not exclude the possibility of stablecoins being pegged to the RMB, and this news has sparked heated discussions in the market. Is the landscape of stablecoins about to undergo new changes?
There are also new developments on the legal front. The People's Court Daily has clarified that virtual currencies have corresponding property attributes, and if it involves refunds, it can explore exchanging fiat currency through compliant licensed trading platforms. This is undoubtedly an important guideline for the legal definition and handling of virtual currencies.
Internationally, Iran has implemented a curfew on cryptocurrency exchanges to prevent capital outflow. This measure has caused a stir in the local crypto market and has also shown the differences in attitudes and regulatory intensity towards cryptocurrencies in different countries.
In addition, according to a report by Fireblocks, 49% of surveyed institutions globally have used stablecoins for payments. The application of stablecoins in the payment field is becoming increasingly widespread. What is the future development of stablecoins? Is it limitless potential, or is it hiding a crisis?
That’s the main news in the crypto world today. The crypto landscape changes rapidly, and there are new stories every day. Follow me to get the latest updates on the crypto dynamics.
