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Cryptocurrency exchange contract holdings hit record highs

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Cryptocurrency exchange contract holdings hit record highs

Bitcoin contract holdings are now valued at $26.1 billion, while Ethereum contracts have climbed to $11.45 billion.

Data from CoinGlass shows that cryptocurrency markets have hit a new milestone, with contract holdings on exchanges for Bitcoin (BTC) and Ethereum (ETH) reaching unprecedented levels.

Binance’s ETH contract holdings have surged past $3.8 billion, setting a new record. The distribution of contract holdings across various exchanges reveals a significant concentration in major platforms.

For BTC, the Chicago Mercantile Exchange (CME) and Binance are leading, with CME holding 137.20K BTC valued at $7.79 billion, 30.02% of the total, and Binance holding 109.73K BTC worth $6.24 billion, 24.04% of the total.

Similarly, in the ETH market, Binance dominates with 1.15 million ETH valued at $3.74 billion with 33.19% of the total, followed by Bybit holding $2.07 billion and OKX with $1.59 billion.

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Data: The cryptocurrency market shows mixed results, with slight increases in the Meme and Layer 1 sectors, while BTC drops to 110,000 USD – ChainCatcher

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Data: The cryptocurrency market shows mixed results, with slight increases in the Meme and Layer 1 sectors, while BTC drops to 110,000 USD – ChainCatcher

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing mixed gains and losses. Among them, the Meme sector rose by 1.38% in 24 hours, with Pump.fun (PUMP) and OFFICIAL TRUMP (TRUMP) increasing by 12.98% and 13.65%, respectively; the Layer1 sector increased by 1.02%, with Zcash (ZEC) continuing to rise significantly by 10.77% and Hedera (HBAR) up by 5.22%.

In addition, Bitcoin (BTC) continues to pull back, down 1.60% in 24 hours, retreating to around $110,000. Ethereum (ETH) fell by 1.35%, maintaining around $3,900.

In other sectors, the CeFi sector rose by 0.66%, with Binance Coin (BNB) up by 0.79%; the DeFi sector increased by 0.59%, with World Liberty Financial (WLFI) rising by 3.92%; the Layer2 sector went up by 0.52%, with Merlin Chain (MERL) increasing by 7.50%; additionally, the PayFi sector fell by 0.93%, but Litecoin (LTC) rose against the trend by 2.52%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiNFT, and ssiMeme indices rose by 2.42%, 1.77%, and 1.42%, respectively.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click “Report”, and we will handle it promptly.

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Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets

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Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets
Traditional finance and blockchain are converging faster than ever as major institutions embrace tokenized real-world assets, setting the stage for a massive transformation in digital finance and opening new frontiers for seamless onchain investing.
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Stablecoins are a shaky proposition for your savings. Here’s what to know.

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Stablecoins are a shaky proposition for your savings. Here’s what to know.

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This so-called ‘safer’ cryptocurrency offers some advantages to investors. But can you trust the providers?

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Stablecoin, the purportedly “safer” version of cryptocurrency, is having its moment. On the heels of the GENIUS Act, which Congress passed last July, the value of all stablecoins is now more than $300 billion — roughly 7% of all crypto in circulation.

Stablecoin’s run is even more impressive given that its stability is overrated. Safety and security as an asset vary widely by issuer, and stablecoins offer little benefit to crypto investors and almost nothing to non-crypto investors.

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