| USDT market value breaks through $9 billion; 310,000 BTCs have been withdrawn from exchanges since 312

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Data: Since Black Thursday, more than 310,000 BTC have been withdrawn from exchanges

On May 26, the latest data released by the blockchain research platform Glassnode showed that the withdrawal of Bitcoin funds from exchanges has hit a new high. Since Black Thursday, March 12, more than 310,000 bitcoins have flowed out of exchanges. Among them, the exchange with the largest withdrawal amount was Bitfinex, with a total of 126,845 BTC; followed by Huobi (95,496 BTC) and BitMEX (95,438 BTC).

Data: Whales have hoarded more than $108 million in BTC since the price drop on May 20

According to Santiment data, since Bitcoin fell below $9,500 on May 20, addresses holding 100 or more BTC have increased their holdings by 12,000 BTC, worth more than $108 million. Historical data shows that whales are trading Bitcoin short-term to maximize profits. This suggests that a temporary price recovery may be underway, but also serves as a reminder that a broader downtrend may lie ahead. (Bitcoinist)

digital currency

headlines

Data: Since Black Thursday, more than 310,000 BTC have been withdrawn from exchanges

On May 26, the latest data released by the blockchain research platform Glassnode showed that the withdrawal of Bitcoin funds from exchanges has hit a new high. Since Black Thursday, March 12, more than 310,000 bitcoins have flowed out of exchanges. Among them, the exchange with the largest withdrawal amount was Bitfinex, with a total of 126,845 BTC; followed by Huobi (95,496 BTC) and BitMEX (95,438 BTC).

Data: Whales have hoarded more than $108 million in BTC since the price drop on May 20

According to Santiment data, since Bitcoin fell below $9,500 on May 20, addresses holding 100 or more BTC have increased their holdings by 12,000 BTC, worth more than $108 million. Historical data shows that whales are trading Bitcoin short-term to maximize profits. This suggests that a temporary price recovery may be underway, but also serves as a reminder that a broader downtrend may lie ahead. (Bitcoinist)

digital currency

Data: USDT market value breaks through $9 billion

Report: Ethereum remains the most popular blockchain platform for developers[Original link]

Data: The average transaction fee of the Bitcoin network has dropped by nearly 54% in the past 5 days

Bitinfocharts data shows that in the past five days, the average transaction fee on the Bitcoin network has dropped significantly, from $6.647 on May 20 to $3.069 on May 25, a drop of nearly 54%. According to Decrypt analysis, the sudden drop in fees was accompanied by a reduction in the large number of unconfirmed transactions clogging up in Bitcoin’s mempool. Over the past five days, the number of transactions waiting to be confirmed in Bitcoin’s mempool has dropped by 71%. (Decrypt)

According to the second quarter report of 2020 released by the independent research report DevQuarterly, Ethereum is still the most popular blockchain platform for development institutions, because of its advanced smart contract language, Ethereum-based blockchain development institutions account for The ratio has soared to 62.05%. In the private blockchain and distributed ledger category, Hyperledger is the most popular platform, followed by Corda. (Coinfomania)

Data: 7.78% of Bitcoin Supply Has Not Moved in Over 10 Years

Glassnode data shows that 7.78% of the current Bitcoin supply (approximately $13 billion) has not moved in over a decade. This new data suggests that Bitcoin may be more scarce than previously thought, as its actual supply may be much lower than previously thought. Additionally, economic models that rely on the scarcity of cryptocurrencies suggest that Bitcoin will see major gains soon, and its rising scarcity also strengthens its macro outlook. (Bitcoinist)

Data: The average transaction fee of the Bitcoin network has dropped by nearly 54% in the past 5 days

Blockchain industry

Bitinfocharts data shows that in the past five days, the average transaction fee on the Bitcoin network has dropped significantly, from $6.647 on May 20 to $3.069 on May 25, a drop of nearly 54%. According to Decrypt analysis, the sudden drop in fees was accompanied by a reduction in the large number of unconfirmed transactions clogging up in Bitcoin’s mempool. Over the past five days, the number of transactions waiting to be confirmed in Bitcoin’s mempool has dropped by 71%. (Decrypt)

Yuhong, the founder of XMAX, said in the circle of friends that everyone should stop paying attention to XMX. My focus this year is not on the currency. At present, XMX still has a lot of problems that need to be solved one by one. The mining machine has been seized, and the team needs to find a CEO to reorganize the team. The future development direction is not clear, and there are too many problems. Earlier news, the XMAX Foundation issued an announcement on May 10 announcing the suspension of all mining machine operations and the suspension of the repurchase plan. It is reported that Yuhong, the founder of XMAX, laid out the mining industry in early 2019, and purchased mining machines in large quantities last year.

Tencent announced a five-year 500 billion investment plan to launch new infrastructure layouts such as blockchain

Tang Daosheng, president of Tencent's cloud and smart industry business group, announced that Tencent will invest 500 billion in the next five years for the further layout of new infrastructure, focusing on cloud computing, artificial intelligence, blockchain, servers, large data centers, supercomputing Center, Internet of Things operating system, 5G network, audio and video communication, network security, quantum computing and other technical research. (Guangming Daily)

Investment and Financing

Blockchain industry

Tang Daosheng, president of Tencent's cloud and smart industry business group, announced that Tencent will invest 500 billion in the next five years for the further layout of new infrastructure, focusing on cloud computing, artificial intelligence, blockchain, servers, large data centers, supercomputing Center, Internet of Things operating system, 5G network, audio and video communication, network security, quantum computing and other technical research. (Guangming Daily)

global policy

Foreign media: Kazakhstan submits new bill involving blockchain and cryptocurrency mining

Kazakhstan is working on a new bill that mentions cryptography, blockchain and cryptocurrency mining and has sought approval from the lower house of parliament. According to previous news, Kazakhstan accounts for 6.17% of the global BTC computing power, according to the interactive Bitcoin mining map data launched by the Cambridge Center for Emerging Finance (CCAF). (AMBCrypto)

Investment and Financing

Indian exchange CoinDCX raises $2.5 million, led by Polychain Capital
global policy

Character·Voice

Foreign media: Kazakhstan submits new bill involving blockchain and cryptocurrency mining

Kazakhstan is working on a new bill that mentions cryptography, blockchain and cryptocurrency mining and has sought approval from the lower house of parliament. According to previous news, Kazakhstan accounts for 6.17% of the global BTC computing power, according to the interactive Bitcoin mining map data launched by the Cambridge Center for Emerging Finance (CCAF). (AMBCrypto)

Fuzhou introduced three measures to speed up the development of the blockchain industry in the high-tech zone

On May 26, the Fuzhou Municipal People's Government website released the "Notice of the Management Committee of Fuzhou High-tech Industrial Development Zone on Printing and Distributing Three Measures to Accelerate the Development of the Blockchain Industry in Fuzhou High-tech Zone". In order to further implement the leading action of the digital economy and accelerate the construction of "Digital Fuzhou", in light of the actual situation of the high-tech zone, and to meet the supporting policies of Fuzhou's blockchain industry, our district now proposes the following supporting measures.
This measure is applicable to companies with industrial and commercial, taxation, and statistical relationships in Fuzhou High-tech Zone, engaged in blockchain technology innovation and scene applications, etc., with a paid-in registered capital of more than 1 million yuan, independent legal person qualifications, independent accounting, and good actual operating conditions. Blockchain companies or institutions (research institutions, etc.) that promise not to change the above relationship within five years. 1. Support the landing of high-quality enterprises (institutions); 2. Support innovative demonstration applications; 3. Support the construction of industrial platforms; 4. Other matters. (Fuzhou Municipal People's Government website)
Character·Voice
Co-chairman of the Hong Kong Blockchain Association: It is imminent to issue a stable currency anchored in offshore RMB in Hong Kong

Fang Hongjin, co-chairman of the Hong Kong Blockchain Association, said in an interview that it is imminent to issue stablecoins anchored in offshore renminbi in Hong Kong. He said that compared to Libra, he is actually more worried about the dollar-pegged stablecoin issued by JPMorgan Chase. JPMorgan Chase is the largest settlement bank in the world, with the largest number of customers and the largest settlement amount. Once the digital currency issued by JPMorgan Chase really becomes popular, it may become a mainstream payment tool in international trade more easily than Libra, which will greatly increase the difficulty of promoting the internationalization of RMB through digital channels. (Mars Finance)

Analysis: Three Key Metrics Suggest Investors Are Bullish on Ethereum