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1Bitget Daily Digest(September 12)|First US Spot XRP ETF Launches Today; Grayscale Applies to Convert Multi-Asset Trusts to ETFs; BTC Longs Face Increasing High Leverage Risk2XRP Loses Nearly 50% of Active On-Chain Accounts; Price Could Be at Risk While Breakout Remains Possible3Bitcoin Clears $112,000 Wall, Eyes Return to $120,000 as Hodlers Double Down
Flash
- 19:00Despite institutional adoption and historic rallies, the ETH/BTC ratio remains below 0.05According to a report by Jinse Finance, as disclosed by Cointelegraph, the ETH/BTC ratio is used to compare the price of ETH to BTC; the higher the ratio, the stronger ETH is relative to BTC; the lower the ratio, the weaker ETH is. The Ethereum-Bitcoin (ETH/BTC) ratio measures the performance of Ethereum's price relative to Bitcoin's price. Although institutions have started to adopt Ethereum, according to data from CoinGecko, the ETH/BTC ratio has remained below 0.05 since July 2024. The ratio peaked in June 2017, reaching an all-time high of 0.14. Currently, the ratio stands at 0.039, down again from 0.04 in August.
- 18:26The total market capitalization of stablecoins increased by 1.14% over the past week.Jinse Finance reported, according to DefiLlama data, the total market capitalization of stablecoins has increased by 1.14% over the past week, now standing at $289.23 billions. Among them, USDT's total market capitalization grew by 1.01%, now at $170.535 billions, with a market share of 58.96%.
- 17:41Ethereum's net supply increased by 18,140 in the past 7 daysJinse Finance reported that, according to Ultrasound.money data on September 15, Ethereum's net supply increased by 18,140.29 ETH over the past 7 days, with a total supply increase of approximately 18,582.16 ETH and 441.97 ETH burned through the burning mechanism. The current annual supply growth rate is 0.782%.