MarsBit News

Mars Finance news, according to Bitcoin Magazine, Russian e-commerce giant Wildberries has now started accepting Bitcoin and other cryptocurrencies from Belarusian users.

Mars Finance news, according to Jin Ten reports, the euro against the US dollar EUR/USD has fallen 0.5% intraday, currently reported at 1.1753.

Mars Finance News, on September 24, during the new video dialogue of YCombinator, partner Harjeet Taggar stated that the maturity of cryptocurrency infrastructure has ushered the industry into the era of FinTech 3.0. With the emergence of low-cost blockchains, the popularity of globally accepted stablecoins, the promotion of user-friendly wallets, and the continuous increase in consumer acceptance, the infrastructure is already complete. The 3.0 era will focus on building a brand new financial system with code. In this system, payments can be settled instantly, anytime and anywhere, without interruption. In this system, users will store assets in digital wallets, completely under their control and custody, rather than relying on banks.

Mars Finance news, OKX-BTC/USDT is currently priced at $113005, with a 5-minute increase of 0.05%.

Mars Finance news, on September 24, according to market information, ASTER briefly broke through 2.4 USD, currently reported at 2.386 USD, continuing to set a new historical high, with a 24-hour increase of 38.67%.

Mars Finance news, according to Cryptobriefing, Brazilian Bitcoin financial company OranjeBTC purchased 3.85 billion USD worth of 3650 bitcoins as part of its strategic reserve accumulation ahead of its planned IPO.

Mars Finance News, the decentralized AI image generation and editing platform SuperImage has announced the completion of a $5 million strategic financing round, led by Genesis Block Capital. This round of financing will further promote the product upgrades and global expansion of SuperImage, accelerating the popularization of decentralized AI image applications. SuperImage was established in June 2023 and currently has over 1 million users. The platform operates based on a decentralized GPU network, aggregating idle computing power from around the world, allowing anyone to contribute home or professional GPUs to participate in mining and receive $SIC token rewards. Compared to centralized AI services, SuperImage's image generation cost is only one-tenth, providing creators, designers, and enterprises with low-cost and high-efficiency solutions. Currently, SuperImage products support three major models: Hidream, Flux Dev, and Sana, meeting the text-to-image needs for different styles and scenarios.

Mars Finance news, the crypto wallet SafePal is also a portfolio project, which made investments very early, shortly after the investment in Trust Wallet.

Mars Finance news, Enso announced on platform X that it has launched the Web 3 universal payment layer Checkout, aiming to connect CeFi and DeFi. This feature supports centralized exchange balances, fiat currencies, or any on-chain assets.

Mars Finance news, blockchain analysis company Elliptic announced that it has received a strategic investment from HSBC, with the specific amount of investment not disclosed. It is reported that after the transaction is completed, HSBC's Head of Financial Crime for Corporate and Institutional Banking, Richard May, will join the company's board. Elliptic plans to deploy its anti-money laundering and stablecoin solutions in the traditional finance sector to help banks assess issuer wallet risks before holding stablecoin reserves.

Mars Finance news, on September 24, according to HyperInsight monitoring, half an hour ago, an address starting with 0xa52 increased its HYPE long position by about 244,100 coins, with a position increase of about 10.87 million USD, and the current position is 13.09 million USD, with a liquidation price of about 36.4 USD. Additionally, monitoring indicates that the BTC short position for that address was completely closed one day ago, and it now only holds HYPE long positions. It is worth noting that as of today at 18:00 (Beijing time), HYPE has dropped about 7% in the last 24 hours, with a current price of 44.65 USD, down 24% from its historical high.

Investment education institution Jiufang Zhituo Holdings Limited (9636.HK) announced on Tuesday that its wholly-owned subsidiary JF SmartTrade has entered into a share subscription agreement with the virtual asset trading platform EX.IO to acquire a stake in EX.IO. The company stated that this move will help leverage EX.IO's exchange resources and Web3 technology to accelerate the layout of its overseas digital asset business, strengthen on-chain financial service capabilities, and promote diversification and sustainable development. The details of this investment have not been disclosed. Previously, EX.IO's subsidiary EXIO Ltd. obtained a license from the Hong Kong virtual asset trading platform in December last year to engage in virtual asset trading and custody services.

According to Mars Finance news, XWIN Research analysis shows that the implied volatility of Bitcoin has dropped to its lowest level since 2023. This low point occurred before Bitcoin surged 325% from $29,000 to $124,000 earlier this year. Now, there is concern about whether the "calm before the storm" situation will reappear. CryptoQuant's on-chain data supports this: first, exchange reserves have decreased, with total balances approaching multi-year lows, indicating that the amount of Bitcoin available for immediate sale has diminished. Historically, this has often been a precursor to rising demand and tightening supply; second, the MVRV ratio is in a neutral range, meaning investors are neither severely trapped nor enjoying excessive profits, and there is no panic selling or profit-taking pressure, leading to a strong "wait-and-see" sentiment; third, the funding rate is balanced, with no excessive long or short positions, reflecting low volatility and showing that the market is building up energy. These three signals collectively paint a consistent picture: the supply of Bitcoin on exchanges is decreasing, investors are holding their positions, and the derivatives market is calm. Although the implied volatility indicates that we are currently in one of the calmest phases in years, historical experience shows that such periods rarely last long.

Mars Finance news, according to MistTrack monitoring, Tether has frozen 25 addresses totaling 4.35 million USDT, with the maximum frozen amount for a single address being 1.75 million USDT.

On September 24, Mechanism Capital partner Andrew Kang stated on social media that Tom Lee, a leading figure in the ETH bull market, has a very 'foolish' argument regarding ETH that is the most severe case of financial illiteracy he has seen recently. Andrew Kang refuted several of his bullish arguments on ETH one by one: · The argument about stablecoins and RWA adoption. Kang believes that the Ethereum network upgrade has improved transaction efficiency, and activities involving stablecoins and tokenization are also flowing to other public chains, with transaction fees from tokenizing low liquidity assets being negligible (a $100 million bond trading only generates about $0.1 in fees every two years). · The fallacy of the digital oil analogy. Kang argues that oil is a commodity, and the real oil price, adjusted for inflation, has remained within the same range for a century. Viewing ETH as a commodity is not a bullish argument. · The argument about institutional staking capital. Kang believes that large banks do not include ETH on their balance sheets and have not announced related plans; banks will not hoard gasoline due to continued energy consumption demands and will purchase it as needed when demand is negligible. Banks will also not take equity in the asset custodians they use. · The argument that ETH equals the total value of financial infrastructure companies. Kang believes that this is a complete misunderstanding and delusion regarding the value accumulation mechanism. · Technical analysis. Kang believes that objectively, Ethereum has been in a multi-year oscillation range, and after recently reaching the top of the range, it failed to break through resistance, indicating that the technical outlook is actually bearish. Although the long-term ETH/BTC chart is in a range oscillation, it has mainly shown a downward trend in recent years, and the fundamentals have not supported valuation growth. The valuation of Ethereum mainly stems from a lack of financial knowledge—just like XRP—but this valuation is not infinite. Although macro liquidity supports ETH's market value, it will continue to perform poorly without significant changes.

Mars Finance news, on September 24, according to The Block, British listed company B HODL Plc announced on Wednesday the purchase of 100 bitcoins, officially launching its bitcoin treasury strategy. The company completed the acquisition at an average price of £83,872 ($113,227) per bitcoin, with a total cost of approximately £8.4 million ($11.3 million). According to Bitcoin Treasuries data, this acquisition has placed B HODL directly among the top 100 listed companies by bitcoin holdings, currently ranked 98th.

Mars Finance news, according to official Twitter news, the BTFS technology community announced that three key proposals, BTIP-103, BTIP-104, and BTIP-105, have completed community review and are now entering the final implementation stage. This upgrade will significantly enhance network collaboration efficiency, storage convenience, and cross-environment compatibility, marking a new milestone for the BTFS distributed storage ecosystem.

Mars Finance news, on September 24, according to data tracking platform Santiment, the mention of 'buying on dips' on social media has surged to the highest level in nearly a month, which is typically a sign of bullish sentiment among retail investors. The platform monitors the frequency of related keywords through analysis of Reddit, Telegram, and X (formerly Twitter). Santiment believes that this surge in mentions is a contrarian indicator, suggesting that the current BTC pullback may intensify. Santiment noted in its market analysis report: 'Price movements often contradict public expectations. If retail investors believe that $112,200 is the buying opportunity, the market may need to endure more suffering. The true opportunity to accumulate on dips arises when the public stops being optimistic and starts to cut losses.'

Mars Finance news, according to Coinglass data, on September 24 at 18:15, 32,599,500 USDT was monitored to be transferred from an unknown wallet to Binance.

According to Mars Finance news, South Korea's People Power Party member Kim Jae-seop proposed the (Digital Asset Market Integration Bill) as a representative. This bill is the third industry law submitted to the National Assembly and is the first virtual asset industry bill proposed by South Korea's largest opposition party. The bill includes: defining the concept of digital assets, implementing a business licensing/registration system, regulating governance structures and internal controls, protecting user assets, supervising unfair trading, stipulating the issuance and redemption obligations of stablecoins, special provisions for digital asset derivatives, and establishing a professional brokerage business system, among others.