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Ki Young Ju, founder and CEO of CryptoQuant, recently explained that while the supply of stablecoins continues to grow, the new volume is not enough to create enough buyer liquidity to drive up the price of bitcoin. He pointed out that the current exchange reserve ratio of bitcoin to stablecoins is about 6:1, which means that there are six times as many bitcoins held on exchanges as stablecoins. In September 2021, the stablecoin reserve was worth around $30 billion. Currently, the entire stablec...
The reporter learned that recently, some people reported that some criminals issued false announcements in the name of the Digital Currency Research Institute of the People's Bank of China, claiming that "with the joint approval of the Ministry of Finance and the State Data Administration, the digital RMB platform will issue digital asset dividends for users who have received exclusive withdrawal channels" "will open the second batch of asset registration review and the subscription of green cha...
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