Bitcoin Network Transaction Fees Slightly Increase, Block 888888 Being Mined

On March 23rd, according to CrowFund Insider. On March 20th, the International Monetary Fund (IMF) issued the seventh edition of the "Balance of Payments Manual" (BPM7). For the first time, it included digital assets such as cryptocurrencies in the global economic reporting framework, marking the first update to the manual since 2009. Under the new framework, digital assets were divided into fungible tokens and non-fungible tokens and further classified based on whether they carried related liabilities. Non-endorsed assets like Bitcoin were classified as non-produced non-financial assets and attributed to the capital account. Digital currencies supported by liabilities like stablecoins were considered financial instruments. Platform tokens like ETH and SOL, if held across borders, might be classified as quasi-equity instruments. Staking and cryptocurrency yield activities were regarded as sources of dividend income. Mining and staking-related services were recognized as exportable comp

On March 23rd, as reported by Arkham Monitor, a whale that has been holding Bitcoin since the end of 2016 woke up last night after being dormant for 8 years. It then transferred more than 250 million US dollars' worth of Bitcoin. The whale's Bitcoin holdings have increased from a value of 3 million US dollars in early 2017 to over 250 million US dollars currently.

On March 23rd, as per Cointelegraph, Bilal Bin Saqib, the CEO of Pakistan's Cryptocurrency Board, proposed on March 21st during the board's first meeting to utilize the country's hydropower resources for Bitcoin mining. It is reported that the board is exploring a comprehensive regulatory framework for cryptocurrencies in order to attract foreign direct investment and position Pakistan as a cryptocurrency hub, as stated by The Nation. The participants in the inaugural meeting of the Cryptocurrency Board included legislators, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Minister for Information Technology. Senator Muhammad Aurangzeb expressed his views on the meeting, saying, "This represents the start of a new digital era in our economy. We are dedicated to establishing a transparent and future-oriented financial ecosystem to attract investment, empower the youth, and make Pakistan a lea

On March 23rd, as monitored by OnchainLens, 12 hours ago, a newly established wallet withdrew 95,011 SOL from Coinbase and then staked it. The value of this withdrawal is approximately $12.36 million.

On March 22nd, according to Coinglass data, the total open interest of Bitcoin futures contracts on the network amounts to 624,310 BTC (approximately $52.48 billion). Among them, the open interest of CME's Bitcoin contract is 152,630 BTC (approximately $12.82 billion), ranking first. The open interest of Binance's Bitcoin contract is 105,560 BTC (approximately $8.87 billion), ranking second.

On March 22nd, as per the data on the official website, the TVL (Total Value Locked) of the stablecoin protocol Falcon Finance has surpassed $80 million and currently stands at $88.9 million. It is reported that Falcon Finance is a synthetic USD stablecoin protocol launched by Andrei Grachev, a partner at DWF Labs. It adopts a Hedging and Farming system, which is aimed at enhancing returns and stability.