Web3 Weekly Research | The Market Experienced a Volatile Pullback Trend; The Stablecoin Inflows Slowed Down; 109 Million On-chain Wallets Already Hold USDT

Bitcoin market momentum weakened, with South Korean trading volume dropping from $25 billion to $6.7 billion. The stolen funds from DEXX are currently being transferred to Tornado Cash, with approximately 1,000 ETH already deposited.

The net inflow of US dollars into the crypto market last week was $6.283 billion, reaching a historic high since January 2022. The SHIB destruction rate surged to over 1,800%.

Michael Saylor: The proposal for strategic Bitcoin reserves is crucial for strengthening the United States_ economic leadership position. Cosmos Health, a US listed company, included Bitcoin and Ethereum as reserve assets.