2023

According to Cointelegraph, the Ontario Securities Commission (OSC) investigation shows that the cryptocurrency ownership rate in Canada has risen from 10% in 2023 to 25% in 2026. The survey was conducted from December 2025 to January 2026 with 2,360 respondents aged 18 and older, finding that 59% of respondents are aware of crypto assets, and 25% own crypto assets.The survey also indicated that investors' risk awareness has increased, but industry awareness remains limited—about 50% of holders check whether a platform is registered before using it, but many investors have misunderstandings about regulation, insurance protection, and trading capabilities. The Canadian federal government proposed a bill in April to ban political donations in crypto assets and crypto ATMs.

K33 Research stated that Bitcoin has been consolidating in a narrow range between $60,000 and $66,000 over the past week. The average daily spot trading volume in July was only about $2.2 billion, with CME open interest close to multi-year lows, and the open interest for perpetual contracts stagnating at around 300,000 Bitcoins.Bitcoin's trading volume in July set the lowest record since November 2023.

CryptoQuant analyst Darkfost stated that the spot trading volume of Bitcoin on major exchanges has dropped by more than 75% compared to the end of 2024. Binance's trading volume in July exceeded $35 billion, far below the $246 billion in November 2024; Bybit plummeted by 85%, Coinbase fell by 61%, and OKX dropped by 67%, marking the lowest levels since the late 2023 bear market.The analyst pointed out that the escalating conflict between the U.S. and Iran is suppressing risk sentiment, inflation is raising concerns about high interest rates, and the stock market continues to absorb liquidity, all of which are unfavorable for speculative assets. Bitcoin's return to a bullish trend requires a shift in the macro landscape and a return of demand.

According to monitoring by Catcher Predict, in the event of "Israel and Iran ceasefire lasting" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "July 2023" has experienced significant fluctuations, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of related breaking news.

According to South Korean media Digital Asset, the total trading volume of the top 5 digital asset exchanges in South Korea dropped to approximately 8.06 trillion won from 2 PM on July 9 to 2 PM on July 16, further declining from the previous week and reaching the lowest level in nearly 3 years and 2 months.Data shows that the weekly trading volume of the top 5 exchanges in South Korea has been declining for several weeks, dropping from 17.7 trillion won from June 5 to June 12, to 15.4 trillion won, 14.6 trillion won, 13.4 trillion won, and 9.97 trillion won, with the latest week further falling to 8.06 trillion won, the lowest since 8.44 trillion won recorded from May 11 to May 18, 2023.In terms of exchange market share, the rankings have not changed, with Upbit continuing to hold the top position at 63.57%, but down 0.63 percentage points from the previous week; Bithumb rose to 29.18%, Coinone rose to 6.41%, while Korbit and Gopax accounted for 0.76% and 0.07%, respectively.

The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, marking the first rate hike since January 2023. Among 37 economists surveyed by Reuters, 36 expected the Bank of Korea to raise rates to this level, and the result met market expectations.

According to Digital Asset, the weekly trading volume of the top 5 cryptocurrency exchanges in South Korea has declined for 5 consecutive weeks. From July 3 to 10, the total weekly trading volume of the 5 exchanges was approximately 9.9676 trillion won, a decrease of 25.75% from the previous week's approximately 13.4 trillion won, marking the first time in nearly 2 years and 9 months that it has fallen below 10 trillion won since recording about 9.6 trillion won in the last week of September 2023.The report pointed out that the weekly trading volume of the top 5 exchanges has continued to weaken since June, with figures of 17.7 trillion won, 15.4 trillion won, 14.6 trillion won, and 13.4 trillion won respectively. Compared to the trading volume in the first week of June, the cumulative decline over the past month is approximately 43.5%.In terms of market share among exchanges, Upbit continues to rank first with 63.02%, but this is a decrease of 3.95 percentage points from the previous week; Bithumb rose to 29.51%, an increase of 2.38 percentage points; Coinone rose to 6.66%, an increase of 1.46 percentage points; Korbit and Gopax are at 0.78% and 0.03%, respectively.

Bitcoin mining company Hut 8 has agreed to pay $2.35 million to settle a securities class action lawsuit filed by investors. The lawsuit alleges that Hut 8 made misleading disclosures regarding operational risks and potential issues related to the merger with U.S. Bitcoin Corp. in 2023.The focus of the lawsuit involves power and network connectivity issues at the King Mountain Bitcoin mining project in Texas. Investors claim that Hut 8 exaggerated the merger benefits and did not adequately disclose the associated operational risks. According to the settlement agreement, Hut 8 does not admit to any wrongdoing or liability.Documents show that the $2.35 million settlement amount represents approximately 19.6% of the plaintiffs' estimated maximum recoverable losses of $12.08 million. The settlement plan is still subject to final court approval.

Binance Co-CEO He Yi responded by stating that CZ has not participated in Binance's operations at all since 2023, and Aster is one of the BNB Chain projects invested by Binance Labs, with CZ serving as its advisor. He Yi also questioned the other party, "Have you ever thought about where the conclusion comes from?"

The European Central Bank (ECB) is expected to announce an interest rate hike on Thursday, marking the first increase since 2023, in response to the energy price shocks triggered by the conflict in the Middle East. The market widely anticipates that the ECB deposit rate will be raised from 2% to 2.25% to curb the inflationary pressures arising from the constrained energy supply due to the tensions in the Strait of Hormuz.Data shows that the eurozone's inflation rate rose to 3.2% in May, significantly above the central bank's policy target of 2%, with rising energy prices being the main driving factor. This policy adjustment occurs against the backdrop of economic growth pressures in the eurozone, where the economy contracted in the first quarter, and some economists warn that interest rate hikes could further drag down growth and consumer confidence.Analysts point out that the Federal Reserve and the Bank of England have not yet synchronized their tightening policies, and the ECB's preemptive action may reflect its greater sensitivity to energy-driven inflation. The market will closely watch President Lagarde's subsequent statements to determine whether a new tightening cycle will be initiated.

According to Jinshi, the U.S. May seasonally adjusted CPI year-on-year recorded 4.2%, in line with market expectations, reaching a new high since April 2023.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted on the Polymarket. A large whale sold a single bet of $64,003.62 regarding the "Permanent Peace Agreement between the U.S. and Iran" event on "December 31, 2023." Based on the current transaction price, the latest corresponding probability for this bet is 67.34%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale sold a single bet for $68,865.78 regarding the "Permanent Peace Agreement between the U.S. and Iran" event on "December 31, 2023." Based on the current transaction price, the latest corresponding probability for this bet is 59.56%.

According to The Block, the price of Hyperliquid's HYPE token surpassed Solana on Wednesday, which has fallen to its lowest level since 2023. HYPE reached an all-time high of $74.67 on Tuesday and is currently trading at $74.47, higher than Solana's $71.62. Over the past month, HYPE has risen about 24%, making it one of the few assets among the top 20 cryptocurrencies to increase, while Solana has dropped nearly 14% during the same period.In terms of market capitalization, Solana still leads with about $42 billion compared to Hyperliquid's approximately $16 billion, but the gap is rapidly narrowing. CoinShares released a valuation report on Tuesday stating that HYPE is one of the few crypto assets where protocol activity almost directly translates into token demand, with a target price of about $147 by 2031 under the baseline scenario.

According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recognized institutions on May 22.Materials provided by the HKMA indicate that registered institutions must take three additional measures when opening and managing investment accounts for mainland investors, including:Closing investment accounts opened using suspicious or forged documents, identifying customer investment accounts that have used suspicious or forged documents since January 2023 or during any other period specified by the HKMA; relevant documents include identification documents.Closing investment accounts with zero balance that have been inactive, specifically referring to investment accounts held by mainland investors that have had no asset balance as of May 22, 2026 (reference date), and have had no activity initiated by the customer in the 12 months prior to the reference date.When opening new investment accounts, obtaining a written declaration from the mainland investor confirming that all funds used to support investment activities and related settlements come from legal sources outside mainland China.Relevant documents show that the newly added additional regulatory measures apply only to investment accounts, including investment accounts within comprehensive bank accounts; non-investment functions (such as regular savings, time deposits, payments, loans, and credit cards) are not within the scope of these measures. Additionally, the applicable subjects of these additional measures are individual customers and do not apply to corporate or institutional clients.

Santiment released a weekly market summary stating that Bitcoin ETFs have seen net outflows on 9 out of the past 10 trading days, with the current Bitcoin price around $77,500; it views this phenomenon as a reflection of weakening retail confidence.Meanwhile, Ethereum market sentiment has dropped to its lowest level since 2023, but the number of non-zero addresses has reached 192.92 million, which is more than three times Bitcoin's approximately 59 million. Santiment also pointed out that the current ratio of bullish to bearish comments on Bitcoin has risen to 2.23, the highest level within 2026, and historically, such high sentiment often appears before short-term corrections.

The Bitcoin bull-bear cycle indicator from CryptoQuant has recently turned green for the first time since 2023. On-chain analyst Julio Moreno stated that this usually indicates the market is switching from a bear market structure to a recovery phase. Moreno pointed out that historically, when this indicator exits the bear market zone and enters the "Early Bull" range, it often means that the worst adjustment phase has ended and the market structure begins to repair. However, several analysts emphasize that this indicator is more suitable for judging market phase transitions rather than precise trading signals. Mati Greenspan, founder of Quantum Economics, stated that the greatest significance of such indicators lies in determining "whether Bitcoin has stopped behaving like a bear market asset," and real confirmation still requires sustained demand, improved liquidity, and prices stabilizing at key levels. Currently, Bitcoin has not effectively broken through the $82,000 resistance level. Although it has rebounded about 35% from a low of around $60,000 in February this year, the market remains in a tug-of-war state. Moreno believes that to truly confirm a bull market signal, Bitcoin needs to digest some current "weakness" indicators while facing pressure from a neutral greed-fear index and a complex macro environment. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, believes that Bitcoin has completed a phase of bottoming around $60,000 this year. He stated that once it breaks through $90,000, the market may enter an "explosive phase," targeting the previous high of $126,000. Meanwhile, some analysts also remind that on-chain indicators like MVRV and NUPL are essentially more aligned with a "behavioral cycle framework" and should not be seen as absolute predictive tools.

According to CryptoQuant analyst MorenoDV, the Bitcoin bull-bear cycle indicator has turned into an "early bull market" signal for the first time since March 2023. Historically, this signal has appeared after 2019 and early 2023, indicating that the worst adjustment phase has passed and the market structure is beginning to recover. However, there was one exception in March 2022 when the indicator also entered the early bull market zone, but the price was subsequently rejected, confirming a local top rather than a new bull market.Regarding the current signal for May 2026, the analyst believes that Bitcoin is no longer behaving as a deeply bearish asset, and the recovery of the 30-day moving average indicates that market momentum is improving. However, several other market indicators have shown signs of fatigue, making this signal less clear than a classic early cycle confirmation. The analyst tends to believe that this is more likely a local top rather than the beginning of a new bull market, unless the price strongly confirms this trend in the future.

According to Gate market data, the offshore RMB against the US dollar has broken through the 6.8 mark, marking the first breakthrough since February 2023.