Cryptocurrency market: Clearing $210 million in the past hour

[Ethereum Falls Below $2800] Ethereum price has fallen below $2800, with a daily decline of 7.44%.

OKX-ETH/USDT is currently trading at $2802.68, with a 5-minute increase of 0.09%. Please be aware of market fluctuations.

The price of Binance BTC/USDT has hit a near six-month low, currently at $86393.07, a decrease of 3.17% in 24 hours, with a turnover of $3.517 billion. After the price reaches a new low, there is a high probability of a price rebound. (AiCoin Research Institute)

USDm will be minted through Ethena’s USDtb system, giving the new stablecoin a reserve structure similar to one used by existing institutional-grade offerings.The pre-deposit program carries a $250 million cap, with individual deposits uncapped.

Nexo's total loan amount reached $2.03 billion, a year-on-year increase of 69%. Driven by the post election market rebound, the demand for cryptocurrency mortgage loans reached a new high. Bitcoin accounts for 54% of the collateral, while the proportion of altcoins has quietly risen to 32%. （CryptoQuant）