● The number of BTC non-zero addresses exceeds 48.5 million, which is more than the total population of Spain
According to Planet Daily, analyst Ali wrote on the X platform that Glassnode data shows that the number of BTC non-zero addresses exceeds 48.5 million, which means that the number of BTC holders has exceeded the total population of Spain. In addition, IntoTheBlock data shows that in the past two weeks, addresses holding at least 0.1% of the total BTC supply have increased their holdings by more than $1.5 billion in BTC.
● Data: The amount of financing in the crypto market in August was US$662 million, a year-on-year decrease of 57%.
According to RootData data, the amount of financing in the crypto market in August 2023 was US$662 million, a year-on-year decrease of 57% from August 2022 (US$1.54 billion) and a month-on-month increase of 20% from July 2023 (US$549 million). In addition, the number of financings in August was 73, a year-on-year decrease of 45%. Among them, the top three financing amounts in August were: 1. Financial technology company Ramp completed US$300 million in financing with a post-investment valuation of US$5.8 billion; 2. Cryptocurrency financial services company BitGo completed US$100 million in financing with a valuation of US$1.75 billion; 3. Full-chain interoperability Layer 1 network ZetaChain completed US$27 million in equity financing.
● The total market capitalization of the six major stablecoins has increased by $663.2 million since August 22
Santiment data shows that since August 22, the total market value of the six major stablecoins, USDT, USDC, BUSD, DAI, TUSD and USDP, has increased by US$663.2 million, the first increase since the FTX crash in November 2022.
● Decentralized trading platform spot trading volume hit a record low in August
According to the Planet Daily, data from The Block showed that the spot trading volume of decentralized trading platforms (DEX) reached US$22.19 billion in August, a new low since December 2020 (US$21.9 billion). Among them, Uniswap's market share in August was 55.34%, down about 5 percentage points from 60.55% in July.
● JPMorgan Chase: After Grayscale wins the lawsuit, the SEC may be forced to approve multiple spot Bitcoin ETF applications
According to The Block, a research report released by JPMorgan analysts including Nikolaos Panigirtzoglou showed that Grayscale’s victory indicates that the U.S. SEC may be forced to approve spot Bitcoin ETF applications from Grayscale and other asset management companies. Analysts believe that the SEC needs to withdraw its previous approval of futures-based Bitcoin ETFs to justify its "rejection of Grayscale’s proposal to convert its Bitcoin Trust into an ETF." However, analysts added that such a move would be very embarrassing and disruptive to investors and seemed unlikely.
Analysts at JPMorgan also believe that the SEC's postponement of multiple spot Bitcoin ETF applications on Thursday "may mean that it approves multiple spot Bitcoin ETF applications at the same time, rather than giving any one applicant a first-mover advantage." Analysts said, "This may be beneficial to investors because it will trigger competition in ETF management fees. If Grayscale is approved to convert GBTC into the world's largest Bitcoin spot ETF, Grayscale may face greater pressure to reduce management fees."
● El Salvador’s Bancos Cuscatlán and Agrícola accept Bitcoin for loan payments
Volcano Energy, a bitcoin mining startup in El Salvador, said on X (formerly Twitter) that two major local banks, Bancos Cuscatlán and Agrícola, now accept bitcoin for loan payments, allowing people to use bitcoin directly to repay credit card debts or loans without converting them into fiat currency.
● CZ: The DeFi market size is expected to surpass CeFi in the next bull market
According to Cointelegraph, Binance founder and CEO Changpeng Zhao (CZ) said in an AMA event on September 1 that he believes the more decentralized the DeFi industry is, the better. He also predicted that DeFi transaction volume may soon exceed CeFi transaction volume.
CZ said: “DeFi is the future, and its current transaction volume is equivalent to 5% to 10% of CeFi’s transaction volume... The next bull run is likely to make DeFi surpass CeFi in size.”
● CZ: Binance is far ahead in regulatory compliance
Binance founder and CEO Changpeng Zhao (CZ) said in an AMA event on September 1 that Binance is a stronger company today than it was two years ago. He added that Binance is far ahead in regulatory compliance.
