BICO heat rises, 24-hour trading volume increases

Chainlink experienced a net outflow of 1.26 million LINK within 24 hours, setting the highest daily outflow since June 29th. （Santiment）

Circle Gateway has added support for the ERC-1271 signature standard, enabling programmable authorization for smart contracts and smart contract wallets. Developers do not need to set up additional delegated approvers to access the unified USDC balance system through existing smart contract authorization logic.

The Economist reported that perpetual contract funding rates are extracted at a rate of 10% per year from long positions, and high leverage cryptocurrency betting has become mainstream. Arthur Hayes designed this system. （Bitcoin Archive）

According to ABC News, the New York Federal Court of Appeals upheld SBF's conviction and 25 year prison sentence for fraud and conspiracy related to the bankruptcy of FTX on Tuesday.

In the past 24 hours, BICO's trading volume has increased to three times the average level of the past 7 days, with a cumulative price increase of 56.6%. It is now reported at $0.0185 and currently ranks 7th on the AiCoin hot search list. The significant amplification of transactions accompanied by price strength usually reflects an increase in capital participation and the dominance of long positions. At the current stage, the flow of funds, transaction structure, and the movement of large amounts of funds deserve special attention. By using AiCoin PRO's "Main Large Orders" and "Main Transactions", one can further observe the buying and selling situation of large funds, the price range of transactions, and the sustainability of funds. The above content is for reference only and should not be used as any investment advice