Announcements Gate Research: DAO Treasury Value Drops 44% Over Six Months, Fidelity Increases Bitcoin Holdings by Over $100 Million

Gate Research: DAO Treasury Value Drops 44% Over Six Months, Fidelity Increases Bitcoin Holdings by Over $100 Million

2024-10-09 11:10:15 UTC 28679 Read

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Gate Research Daily Report: October 9, Over the past 24 hours, BTC experienced a slight decline, and whether the $62,000 support level holds will depend on future market signals. Bitcoin ETFs saw a net outflow of $18.66 million yesterday, while Ethereum ETFs had a net outflow of $8.19 million. The total value of DAO treasuries has dropped by 44% over the past six months, with Optimism maintaining its lead. A generational shift is underway among Bitcoin whales, as new whales poised to surpass old whales. Fidelity increased its Bitcoin holdings by over $100 million in the past 24 hours. A United Nations agency has recommended criminalizing unlicensed virtual asset service providers in Southeast Asia to combat online fraud.

**Market Analysis**: The price of BTC has slightly decreased, and it remains to be seen whether the $62,000 support level holds, depending on upcoming market signals.
**Top Performers**: The most popular tokens in the past 24 hours are LOCKIN, CELL, and NEIROCTO.
**Data Highlights**: A generational shift among Bitcoin whales is underway, with new whales soon to surpass old whales.
**Spotlight Analysis**: Fidelity has increased its Bitcoin holdings by over $100 million in the last 24 hours.
**Market Opportunities**: The third season of BOB focuses on Liquid Staking Tokens (LSTs), allowing users to trade or engage in DeFi opportunities while staking, aiming to improve capital efficiency.

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Gate.io Team
October 10th, 2024

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Gate Research: DAO Treasury Value Drops 44% Over Six Months, Fidelity Increases Bitcoin Holdings by Over $100 Million

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