Overview of Key Overnight Developments on January 5
1. The total market value of stablecoins increased by 0.45% over the past week;
2. BlackRock's IBIT experienced net outflows for the first time for two consecutive weeks;
3. The US spot Ethereum ETF saw a net outflow of $38.1 million this week;
4. Chilean lawmakers are considering legislation on strategic Bitcoin reserves;
5. USDC Treasury minted an additional 50 million USDC on the Ethereum chain;
6. A swing trader who shorted 21,613 ETH currently has an expanded unrealized loss of $3.76 million;
7. JPMorgan: "Devaluation trades" will persist as the structural importance of Bitcoin and gold increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Crypto prices
More
