Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
CBOE will launch Bitcoin (BTC) and Ether (ETH) margin futures trading. Meanwhile, Tether has minted 4 billion USDT (USDT) over the past month, accounting for nearly 18% of all USDT issued so far in 2023. In addition, Bitcoin wallets holding $1 million or more tripled this year, and crypto lender Hodlnaut is entering liquidation.
CBOE to launch BTC, ETH margin futures trading
Cboe Digital says its Bitcoin margin futures trading will begin on Jan. 11, 2024. According to a statement, it will become the first U.S. crypto-native exchange to offer both spot and leveraged derivatives trading on a single platform.
NEWS: Cboe Digital to Launch Margined Bitcoin #BTC and Ether #ETH Futures on January 11, 2024, Backed by Crypto and Traditional Finance Players
Learn more: https://t.co/AqZHkfep5w
— CboeDigital (@CboeDigital) November 13, 2023
According to a press release:
“Cboe Digital will initially offer financially settled margined contracts on Bitcoin and Ether and plans to expand its product suite to include physically delivered products at a later date, subject to regulatory approvals.”
Stablecoin firm Tether minted 4 billion USDT in 4 weeks: Data
Stablecoin issuer Tether has been increasingly minting new tokens, issuing 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
Tether issued another 1 billion USDT on the Tron blockchain on Nov. 10, blockchain data provider Whale Alert reported. The latest USDT minting came just days after Tether issued another 1 billion USDT on Ethereum on Nov. 9 and 2 billion USDT issued in two batches on the Tron blockchain on Nov. 3 and Oct. 19, according to Whale Alert data.
Tether chief technology officer and new CEO Paolo Ardoino commented on Whale Alert data on X (formerly Twitter), noting the latest 1 billion USDT transaction on the Tron network was a “USDT inventory replenish.”
The recently issued USDT makes up a significant share of the total USDT issued this year. Based on Whale Alert data, Tether should have minted 22.75 billion USDT in 2023, with 13 billion, or 57%, issued on the Tron blockchain. The remaining amount of 9.75 billion USDT was issued on the Ethereum blockchain.
While actively minting new stablecoins, Tether has also been burning some coins. On Aug. 22, Tether burned 1.2 billion USDT on the Tron blockchain. Previously, the stablecoin firm also burned 3.1 billion Tron USDT in June and 2 billion Ethereum USDT in February, according to Whale Alert.
Bitcoin millionaires triple in 2023
The number of crypto wallet addresses holding more than $1 million in BTC has more than tripled this year, with BitInfoCharts data showing millionaire wallets increased from 23,795 on Jan. 1 to 81,925 currently — a 237% increase in 2023.
The wallets holding a million or more are not one-to-one with individual users. Many addresses belong to crypto exchanges and financial institutions.
Glassnode data shows wallets with $1 million or more in Bitcoin peaked during the last bull market top in November 2021 with a record 112,573 addresses on Nov. 9, 2021, the day before Bitcoin notched its $69,000 all-time high.
Wallets with a balance of at least 1 BTC — so-called “wholecoiners” — have increased slightly since the beginning of 2023 with 1,018,015 wallets, a 4% jump from the 978,197 recorded on Jan. 1.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
