Gate Research: USDC Circulation Increased by 700 Million Within a Week, 68% of ETH Addresses Now Profitable

Gate Research Daily Report: September 29, BTC and ETH experienced slight pullbacks, dropping by 0.62% and 0.83% over 24 hours, respectively. If they break through resistance levels, further gains are possible. U.S. Bitcoin and Ethereum spot ETFs saw net inflows of $494.2 million and $58.65 million, respectively, with Bitcoin spot ETFs marking their seventh consecutive day of net inflows. BlackRock's Ethereum ETF assets have surpassed $1 billion. Over the past week, USDC circulation increased by approximately 700 million tokens, bringing the total circulation to 36.2 billion tokens. Additionally, 68% of ETH addresses are now in a profitable position.

Market Analysis: In the past 24 hours, BTC and ETH experienced slight dips, with BTC dropping 0.62% to approximately $65,775 and ETH falling 0.83% to around $2,671 as of 4:00 AM (UTC+0) on September 29.
Top Performers: The most popular tokens in the past 24 hours are KIA, ETHW, and KITEAI.
Data Highlights: BlackRock's Ethereum ETF assets have surpassed $1 billion. Over the past week, USDC’s circulating supply increased by approximately 700 million, bringing the total supply to 36.2 billion. Following this week's rebound, 68% of ETH addresses are now in a profit.
Spotlight Analysis: Aevo announced a four-month token buyback plan, with 1 million $AEVO to be repurchased each month. Bolivia has seen a surge in cryptocurrency trading volume by over 100% after legalizing digital payment channels. Vitalik published a new article titled: "Making Ethereum Alignment Legible."
Market Opportunities: The third phase of Shardeum’s Atomium testnet will officially launch on October 1, 2024.

Explore today's details 👉🏻 Gate Research: USDC Circulation Increased by 700 Million Within a Week, 68% of ETH Addresses Now Profitable

Gate Research
Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more 👉🏻 https://www.gate.com/explore

Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate

Download Gate App / Web Client now>>>
Follow us on Gate X (Twitter) to get more bonuses>>>
Join our Telegram to discuss hot topics>>>
Join our Global Community to get more updates>>>
We provide 100% proof of reserve>>>
Sign up to enjoy max. $6666 in rewards exclusively for new users
Get 40% commission from referrals

Gate Team
September 30th, 2024