Today's Major Events in the Cryptocurrency World! Come and Check it Out 👀
Dear friends, it's time to report the latest news in the cryptocurrency world 📢 Today, the cryptocurrency market is still bustling with activity, and various news keeps coming in. Let's take a look together 👇
💥 Bitcoin on-chain transaction volume hits an 18-month low. 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 increase in the 'ancient supply' of Bitcoin that hasn't moved in over ten years actually exceeds the daily new output. What does this mean? 🧐 Is it a sign that long-term holders are optimistic, or is there something else at play?
💰 The topic of stablecoins continues to heat up. The Economic Daily has pointed out that there are instability risks behind stablecoins, reminding investors to proceed with caution. Meanwhile, in Hong Kong, Xu Zhengyu stated that local regulations do not rule out the possibility of stablecoins being pegged to the Renminbi. This news has instantly 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 clearly stated that virtual currencies have corresponding property attributes, and if refunds are involved, it may be possible to explore redemption for 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 stirred waves in the local crypto market and has shown the differences in attitudes and regulatory intensity towards cryptocurrency in various countries.
📊 Additionally, according to a report by Fireblocks, 49% of surveyed institutions globally have used stablecoins for payments. The use of stablecoins in the payment sector is becoming increasingly widespread. What is its development prospect? Is it filled with unlimited potential, or does it hide crises?
