- Pin
- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww - 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
✅ VIP Seat at an F1 Grand Prix
✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
👉 Go Now: www.gate.com/competition/f1rb/s1
#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
USDT, USDC Stablecoins' Metrics Spell Crypto Rally Coming
USDC by Circle and USD Tether (USDT) by Tether Limited are both demonstrating strong growth traction in recent weeks. Normally, such processes indicate a coming rally for net crypto capitalization, CryptoQuant data says. This bullish trend has gained steam despite delisting USDT for EU users on major exchanges.
USDC, USDT stablecoins sending bullish signals to market, CryptoQuant data says
Over the last 30 days, both USDT and USDC, two largest stablecoins responsible for 87% of the segment's volume, showcase positive cap dynamics. As explained by CryptoQuant, on-chain analysis firm, such trends might be indicators of coming crypto prices rallies.
USDT’s 30-day market cap dynamics just turned positive after slight adjustments. Meanwhile, USDC demonstrates fastest growth amid all of the largest USD-pegged stablecoins. Circle's cryptocurrency added 20% in just one month despite market uncertainty and persistent regulatory hostility.
CryptoQuant analysts opine that such traction demonstrated by both of the largest stablecoins in the world is the signal of a potential rally in crypto:
Per the popular theory, stablecoins are "dry powder" for Bitcoin (BTC) price growth. Investors are "parking" their assets in stablecoins, anticipating the prices to grow.
By contrast, when the capitalization of stablecoin decreases, it means that traders are moving their funds out of the cryptocurrency market
By press time, USDT's market cap is at $140 billion, while USDC reached the $53 billion level. Aggregated capitalization of the stablecoin segment hit $223 bllion today.
Tether's USDT goes live on Bitcoin Lightning
Tether (USDT), the largest stablecoin, announced its expansion to a new blockchain. As stated by Tether CEO Paolo Ardoino, USDT will be issued on Lightning Network, the oldest mainstream Bitcoin L2
Lightning Network scales Bitcoin (BTC) by processing some transaction data via payment channels instead of broadcasting it to the mainnet.
The announcement arrives while the crypto audience is discussing USDT's delisting from Crypto.com, a tier-1 CEXes. Due to MiCA adoption in EU, operations with USDT will be unavailable to European customers from today, Jan. 31, 2025.