Headlines
▌FDUSD market value exceeded US$2.5 billion, with an increase of 45.9% in the past 30 days
According to Coingecko data, the total market value of stablecoins has reached US$135,324,398,101, of which USDT accounts for 72.06% of the total market value of stablecoins. The market value of USDT is US$94,849,456,811, with an increase of 4.2% in the past 30 days; USDC ranks second, with a market value of US$25,772,818,343, with an increase of 4.2% in the past 30 days; DAI ranks third, with a market value of US$5,167,699,976, with a decrease of 2.3% in the past 30 days. ; FDUSD ranks fourth, with a market value of $2,618,979,638, and an increase of 45.9% in the past 30 days.
▌The current market value of Bitcoin has dropped to 47.4%
According to CoinGecko data, the current market value of cryptocurrency is 1.723 trillion, with an intraday increase of 0.7%. The 24-hour trading volume is 34.7447 billion US dollars, the current market value of Bitcoin accounts for 47.4%, and the market value of Ethereum accounts for 17.2%.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was 41,585.9 US dollars, with fluctuations during the day. Frame-0.18%;
ETH Recent The transaction price was US$2456.53, and the intraday increase or decrease-0.46%;< /p>
BNB’s recent transaction price was US$318.7, with an intraday increase or decrease of -0.03% strong>;
The recent transaction price of strong>%;
The recent transaction price of DOGE was US$0.0855, with intraday changes -1.93%;
ADA’s recent transaction price was US$0.5027, with intraday gains and losses-2.26%;
SOL’s recent transaction price was US$90.92, with intraday changes< span style="color: rgb(255, 0, 0);">-1.63%.
Policy
▌Bloomberg senior litigation analyst: Coinbase has 70% chance of getting SEC A blanket dismissal
Bloomberg senior litigation analyst Elliot Stein predicts that cryptocurrency exchange Coinbase has a good chance of winning in its lawsuit against the U.S. Securities and Exchange Commission (SEC). The analyst recently posted on X (formerly Twitter) that Coinbase has a 70% chance of receiving a blanket rejection from the SEC.
Stein clarified that before going to court, he believed Coinbase would be able to successfully rebut some of the SEC’s allegations, but not those related to its staking rewards program and overall organizational structure. Analyst said: I attended the SEC v. Coinbase hearing and believed that under this motion, COIN would win the dismissal of the SEC’s main claim (regarding the transaction), but may not win the pledge and brokerage claims. I left thinking COIN was going to be completely fired. I think Coinbase offers a more attractive proposition that requires an investment in the business, not just the ecosystem, and enforceable obligations.
Blockchain Applications
▌MetaMask launches Ethereum validator powered by Consensys Staking Features
Crypto wallet MetaMask has partnered with Consensys Stake to run Ethereum validator nodes on behalf of users willing to stake at least 32 ETH (currently worth approximately $80,000). MetaMask currently promises an annual yield of around 4% on rewards and then charges a 10% fee, although the company notes that this yield may increase due to the inherent random chance of selecting any given validator's blocks to add to the network. or decrease.
MetaMask also offers collective staking services through popular providers Lido and Rocket Pool, but the currently advertised rewards are lower, at 3.53% and 3.14% respectively.
▌SatoshiVM: The architecture diagram is indeed inspired by Scroll, but the logic implemented is different
Bitcoin Layer2 project SatoshiVM The post stated that its yellow paper is public and invites everyone to study our philosophy and structure. Some people are concerned that some of the images in our white paper are similar to the Scroll protocol. Almost all layer 2 architectures are similar, but their implementation logic differs. We implemented our architecture based on the logic in the SatoshiVM Yellow Book, and the architecture diagram was indeed inspired by Scroll.
▌Linea main network has been bridged to transfer more than 354,500 ETH
Dune data It shows that 354,503 ETH have been bridged and transferred to the Linea main network, the number of transactions has reached 883,838, and the number of interactive addresses has reached 411,609.
Cryptocurrency
▌Galaxy Digital founder: Although most people are selling GBTC but will invest in other ETFs, Bitcoin will go higher in 6 months
Chris J Terry, chief architect of BTCdata, wrote that it seems BTC price will continue to be flat/falling until GBTC is liquidated and there will be a $25 billion sell-off in the coming weeks. Grayscale’s decision to keep ETF fees at 1.5% will go down as the biggest strategic mistake in cryptocurrency history.
Galaxy Digital founder Mike Novogratz disagrees. He believes that while people will sell GBTC, most people will switch to investing in other ETFs. Don’t miss the forest for the trees. It's much easier for boomers to buy ETFs now. And you can also get 4x5 times leverage. This sell-off will end and Bitcoin will move higher in 6 months.
▌Solana lock-up amount Currently 1.377 billion U.S. dollars
According to DefiLlama data, Solana network TVL is now 1.377 billion U.S. dollars, with a 24-hour increase of 2.2%. The top three eco-protocol TVLs are as follows:
Marinade Finance TVL reached US$958 million, a decrease of 9.38% on the 7th;
Jito TVL reached US$631 million, a decrease of 9.38% on the 7th; The decrease was 5.78%;
marginfi TVL reached US$361 million, a decrease of 8.13% on the 7th.
▌Ethereum Layer 2 TVL is currently US$21.7 billion, a decrease of 2.94% in the past 7 days
According to L2beat data, the current total Ethereum Layer 2 lock-up volume (TVL) has dropped to 21.7 billion. The U.S. dollar fell 2.94% on the 7th. Among them, the top five locked positions are:
Arbitrum One (USD 10.72 billion, down 3.67% on the 7th);
OP Mainnet (USD 5.55 billion, 7 (a daily decrease of 13.37%);
Manta Pacific (USD 1.48 billion, an increase of 77.15% on the 7th);
Metis Andromeda (USD 782 million, a decrease of 5.95% on the 7th) );
Base (US$737 million, a decrease of 4.93% on the 7th).
Important economic trends
▌CITIC Construction Investment: The market will rebound at any time once there is favorable catalysts
CITIC Construction Investment’s research report pointed out that the panic caused by the negative to positive cycle of funds caused the market to overshoot last week. Judging from the history of A-shares, rapid adjustments caused by funds and emotions are often caused by the market. For the last drop, it is worth noting that some recent high-frequency economic data have picked up on fundamentals. Once there is good catalyst, the market will rebound at any time. In the short term, pay attention to the performance forecast guidance and the marginal catalytic direction of the boom. (Jinshi Data APP)
Golden Encyclopedia
▌What is blockchain scalability and why is it important?
In the context of blockchain, scalability refers to the ability of a system to accommodate an increasing number of participants while maintaining its decentralized characteristics and overall performance. or the ability to trade. Scalability is important because the fundamental purpose of blockchain technology is to serve as an open, decentralized ledger. Scalable blockchain ensures that the system remains responsive and able to manage growing workloads as more users join the network and transaction processing needs increase.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
JinseFinance
Davin
decrypt
Bitcoinist
Cointelegraph