Market Snapshot
On February 3, the crypto market showed an upward trend with major cryptocurrencies experiencing collective gains. Key data highlights:
- BTC: $35,961.02 (+1.25% in 24h)
- ETH: $1,525.10 (+0.77%)
- LTC: $148.189 (+4.19%)
- OKB: $6.03 (+2.72%)
Top three gainers on OKEx’s DeFi segment:
- VALUE (+8.21%)
- ZYRO (+2.96%)
- YFI (+2.92%)
👉 Track real-time crypto prices on OKEx
Trading Insights (BTC Contracts)
- Total Open Interest: $2.008B
- Long/Short Ratio: 1.49
- Elite Traders: 42% long vs. 54% short
Platform Updates
DOGEUSD Perpetual Contract Launched
OKEx officially listed the DOGEUSD perpetual contract across all platforms (web/APP/API) on February 2, 2021. View trading rules.
Unified Account Elite Competition Results
Winners of OKEx’s month-long trading competition have received rewards in USDT or fee rebate cards. Participants can check balances via their fund accounts.
Industry Pulse
📊 Stablecoin Reserves Hit All-Time High
- USDC: $915M+ on exchanges
- DAI: $81M+
This surge signals nearly $1B in potential buying power for assets like Bitcoin, indicating strong investor confidence.
🏆 Ethereum’s Market Cap Climbs to #56 Globally
With a valuation of ~$168.52B, Ethereum now surpasses corporations like Accenture and Chevron (per Asset Dash).
🌐 Amazon’s New CEO Eyes Crypto Integration
Andy Jassy, succeeding Jeff Bezos, is reportedly evaluating cryptocurrency payment options for Amazon.
🔐 Institutional ETH2 Staking Protocol Launched
ConsenSys partnered with Securosys to offer long-term staking tools for Ethereum 2.0, facilitating secure transitions from Eth1 to Eth2.
⚡ OKEx to Adopt Bitcoin Lightning Network by March
The integration aims to reduce BTC transaction fees, with OKEx collaborating closely with Lightning Labs.
🏅 Forbes’ Blockchain 50 List Highlights Industry Leaders
Notable inclusions: Coinbase, Visa, PayPal, and Chinese giants like Ant Group and ICBC. 23 U.S.-based firms made the list, alongside 6 from China.
FAQs
Q: Why is USDC’s exchange balance significant?
A: It reflects available liquidity for crypto purchases, often seen as a bullish indicator.
Q: How does ETH2 staking work for institutions?
A: Protocols like ConsenSys’ provide compliant tools to stake ETH long-term while maintaining security.
Q: What benefits does the Lightning Network offer OKEx users?
A: Faster, cheaper BTC transactions by processing them off-chain.