headlines
▌ MetaMask recruits a product marketing manager or will issue Token
According to news on May 22, MetaMask is recruiting a product marketing manager. This position is responsible for the planning, development and execution of MetaMask product marketing activities, as well as related product marketing activities, including market and competition analysis, customer case studies, product positioning, and key product advantages. and information transfer. According to previous news in March, ConsenSys CEO Joe Lubin said in an interview with Decrypt that MetaMask will soon launch a decentralized autonomous organization (DAO) and plans to issue Token.
quotes
As of press time, according to Huobi global data:
The latest transaction price of BTC is US$30,372, with an intraday increase and decrease of +1.76% ;
The latest transaction price of ETH is 2048.16 US dollars, with an intraday increase and decrease of +2.17% ;
The latest transaction price of SOL is US$52.72, with an intraday increase and decrease of +1.72% ;
The latest transaction price of MATIC is US$0.67, with an intraday increase and decrease of +2.96% ;
NEAR's recent transaction price was $6.24, with an intraday increase and decrease of +1.63% ;
The most recent transaction price of ENS is US$12.63, with an intraday increase and decrease of +3.49% ;
The recent transaction price of DOGE is US$0.086, with an intraday increase and decrease of +1.12% .
policy
▌The Office of the Central Committee and the Office of the State Council: Develop new scenarios for digital cultural consumption and accelerate the digital layout of the cultural industry
According to news on May 23, recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Opinions on Promoting the Implementation of the National Cultural Digitalization Strategy". The "Opinions" put forward 8 key tasks. The first is to make overall use of the results of digital projects and databases that have been built or are under construction in the cultural field, and link them to form a Chinese cultural database. The second is to consolidate the cultural digital infrastructure, relying on the existing cable TV network facilities, radio and television 5G network and interconnection platform to form a national cultural special network. The third is to encourage multiple subjects to jointly build a cultural data service platform relying on the national cultural special network. The fourth is to encourage and support all kinds of cultural institutions to access the national cultural special network, use the cultural data service platform, and explore effective ways for digital transformation and upgrading. The fifth is to develop new scenarios for digital cultural consumption, and vigorously develop new digital cultural experiences that combine online and offline integration and online presence. The sixth is to coordinate and promote the construction of the national cultural big data system, the national smart library system and the public cultural cloud, enhance the supply capacity of public cultural digital content, and improve the digital level of public cultural services. The seventh is to speed up the digital layout of the cultural industry, cultivate a number of new cultural enterprises in the fields of cultural data collection, processing, trading, distribution, and presentation, and lead the direction of digital construction of the cultural industry. The eighth is to build a cultural digital governance system, improve the comprehensive law enforcement system in the cultural market, and strengthen the supervision of cultural data element market transactions.
Blockchain application
▌ Cardano founder: Blockchain technology is expected to help Africa become a leader in the Web3 field
On May 22, Cardano founder Charles Hoskinson claimed that Africa is surpassing the United States and Europe in accepting blockchain technology, which may make it "richer than Western countries." Hoskinson's vision is to use blockchain technology to rebuild the social and economic infrastructure of African countries. Hoskinson said there was "more demand than supply" for its services in developing countries around the world. Cardano believes that African countries can bypass the centralized infrastructure obstacles supporting Western countries on the road to becoming Web3 giants.
cryptocurrency
▌Avalanche loses $60 million in UST crash
Jinse Finance reported that Emin Gün Sirer, CEO of Ava Labs and founder of the "Avalanche" protocol Avalanche, revealed in an interview with Forbes that Avalanche lost a total of about 60 million US dollars in the UST crash last week. Emin Gün Sirer said that the Avalanche Foundation does have a partnership with Terraform Labs, and as part of the partnership, Luna Foundation Guard (LFG), the non-profit company behind the Terra blockchain, purchased $100 million worth of AVAX to increase its UST reserves, A portion of that AVAX was “paid” in Terra’s native tokens UST and LUNA, and these stablecoins have now shrunk in value significantly. However, Emin Gün Sirer said that transactions on the Avalanche chain have not been affected by the UST incident, and the current average daily transaction volume remains at the level of 1 billion to 2 billion US dollars.
▌Data: The U.S. Congress has proposed more than 80 encryption bills so far in 2022, a record
Jinse Finance reported that since January 2022, the U.S. Congress has proposed more than 80 bills related to cryptocurrencies, digital assets, blockchain and tokenization, setting a record high. It is reported that these bills are mainly divided into 6 categories, namely: encryption taxation, central bank digital currency (CBDC), transparency supervision of digital assets and digital asset securities, blockchain technology support, sanctions and malware issues, and U.S. officials’ concerns about cryptocurrency. Access and Restrictions of Use.
▌Crypto mining farm discovered in Russia's oldest prison
Jinjin Finance News, an official of the Butyrskaya (also known as Butyrka) prison in the Tverskoy district of central Moscow, built in 1771, is under investigation because he may have abused his power to establish an encryption mine. The mining machine is in the prison’s psychiatric clinic. Investigators have so far determined that the officer and his yet-to-be-identified associates installed the miners in November 2021. These miners have been extracting the cryptocurrency until February of this year.
▌Bitcoin reserves top five exchanges accounted for more than 68% of the balance
According to Jinse Finance News, according to the exchange’s bitcoin balance data, the total network-wide statistics of the exchange’s bitcoin balance is 2.503 million bitcoins. However, the number of bitcoins held by these exchanges is mainly concentrated in Coinbase, Binance, Okex, Huobi and Kraken. The balance of the top five exchanges with bitcoin reserves is 1.724 million. Currently, the ranking of the top five exchanges with bitcoin reserves is as follows: 1. Coinbase has a bitcoin balance of 853,530, accounting for 34%; 2. Binance has a bitcoin balance of 340,410, accounting for 13.58%; 3. Okex has a bitcoin balance of 266,530, accounting for 10.62%; 4. Huobi’s bitcoin balance is 160,950, accounting for 6.39%; 5. Kraken’s bitcoin balance is 102,900, accounting for 4.07%. Among the top five exchanges in terms of balance, in terms of bitcoin reserves held, they accounted for 68.66% of the total balance of 2.503 million bitcoins on exchanges in the entire network.
▌ Ethereum , OpenSea, and LooksRare are among the top three public chains and DAPP revenue rankings in the past 30 days
According to Jinse Finance, according to Tokenterminal data, there is a big difference in the cumulative agreement revenue data of Dapps and public chains in the past 30 days. Ethereum recorded $537 million, ranking first. In second place is OpenSea, which recorded $70 million. In third place is LooksRare, which recorded $34 million. This also means that the NFT trading platform is the most profitable application in the industry. More data shows that the fourth place is taken by Avalanche, and the fifth place is the wallet Metamask. The sixth is the recently popular ENS. This also means that DeFi projects have fallen out of the top five. enter
▌Zhu Xiaohu: STEPN’s economic model has a chance to work, it may not be Ponzi
According to Jinse Finance News, Zhu Xiaohu, managing partner of GSR Ventures, posted on WeChat Moments, “On the first day (through the STEPN app), I made $30 by running, but the energy disappeared after a while, and the money for shoes seems to take 3 months Only then can you pay back. StepN’s economic model is well designed. If you have a chance to run well, it may not be Ponzi. It’s worth experiencing and learning. It’s a bit like a gym. The money to buy shoes is equivalent to the membership fee of the gym. People who run more gym It’s a loss, but most member gyms who don’t exercise enough are making money, and this ratio can be adjusted dynamically.” Previously reported, Zhu Xiaohu spent 170 ETH to buy boring ape BAYC#9279 and used it as a WeChat avatar; Zhu Xiaohu tweeted The profile picture was changed to BAYC#9279; Zhu Xiaohu said that he had purchased StepN's BSC running shoes.
▌Swiss watchmaker TAG Heuer: The US market accepts Bitcoin, Shiba and 5 stablecoins for payment
Jinse Finance reported that Tag Heuer, a Swiss luxury watch brand owned by LVMH, announced that its US market official website will support 12 major cryptocurrencies and 5 stable coins as payment options, and will soon allow more digital currency payments. It is reported that TAG Heuer has cooperated with payment service provider BitPay to provide related services. Currently, this new payment method accepts encrypted wallets such as Exodus Wallet and Ledger Wallet. Although there is no minimum consumption requirement for transactions, the payment limit is $10,000. Frédéric Arnault, CEO of TAG Heuer, said that the company has been paying attention to Bitcoin since its birth. The recent ups and downs of the encryption market have not changed its view of digital currency as a transformative technology. Payment is the beginning of TAG Heuer's foray into Web3.
▌Hester Peirce: Stablecoins may not fall under the jurisdiction of the US Securities and Exchange Commission
Jinse Finance reported that Hester Peirce, Commissioner of the US Securities and Exchange Commission, known as the "Crypto Old Godmother", revealed in a recent interview with Bloomberg that formulating stablecoin regulations may not fall under the jurisdiction of the US Securities and Exchange Commission. The matter was investigated to provide guidance. But Hester Peirce added that due to the impact of the Terra crash, the U.S. Congress may act quickly to formulate new rules for the stablecoin industry. Regulatory responsibilities for the market remain unclear, and Congress may need to specify the scope of the two regulators' responsibilities.
▌Musk hit back at the Dogecoin co-founder, calling it a bit "negative"
On May 22, Musk acknowledged Dogecoin co-founder Jackson Palmer (Jackson Palmer) in a recent tweet, and claimed that Palmer is sometimes a bit "negative." Jackson Palmer co-founded Dogecoin in 2013 with American software engineer Billy Markus. In 2015 Palmer criticized the anarchism espoused by cryptocurrency proponents and left the cryptocurrency community. Following Dogecoin's massive gains in 2021, Palmer resurfaced on Twitter to share some controversial views on the state of the industry. Palmer slammed Dogecoin promoter Musk in a since-deleted tweet, calling him a "self-absorbed liar." In stark contrast to Markus' admiration for Musk, Palmer remains highly critical of the Musk. Last month, Palmer sharply criticized Musk's hostile takeover of Twitter.
important economic trends
▌Nasdaq futures rose to 1%
Markets show that U.S. stock futures strengthened in early trading, and Nasdaq futures rose to 1%.
▌BlockchainImpossible Triangle: Decentralization, Security and High Performance
Decentralization, security and high performance constitute the "impossible triangle" of the blockchain. In the design, the three characteristics cannot be achieved at the same time, only two of them can be met. Decentralization means having a large number of nodes participating in block production and verification. Generally, the more nodes there are, the higher the degree of decentralization. Security is the cost required to gain control of the network, and usually anchors real-world assets in the design of the consensus mechanism, for example, the proof-of-work mechanism (PoW) anchors computing power. Transaction performance is the number of transactions processed per second (TPS). The main reason for the low performance of the blockchain is that every transaction has to be agreed on all nodes.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for informational reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
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