【Data Intelligence】
The total market value of metaverse-related encrypted assets rose to nearly 15 billion US dollars
According to the latest data, the total market value of Metaverse-related encrypted assets has risen to 14.96 billion US dollars, and the 24-hour transaction volume is 4.42 billion US dollars, an increase of 68.36%. The top five NFT tokens by current market value are: ApeCoin ($2 billion), Decentraland ($1.98 billion), The Sandbox ($1.76 billion), AxieInfinity ($1.46 billion), THETA ($1.32 billion).
Optimism Lockup on Ethereum L2 Network is $541 Million
According to L2BEAT data, as of June 1, the total locked position on Ethereum Layer 2 was 4.65 billion US dollars. Among them, the expansion program Arbitrum has the highest amount of locked positions, which is about 2.49 billion US dollars, accounting for 53.52%. Followed by dYdX, the lock-up volume is 962 million US dollars, accounting for 20.67%. Optimism occupies the third place, with a lock-up volume of USD 541 million, accounting for 11.62%, and an increase of 8.08% in 7 days.
【 Regulatory News 】
The South Korean government will invest more than$177 million to launch national industries and companies in the metaverse
The South Korean government has announced that it will start investing directly in Metaverse projects. According to a statement by Science and ICT Minister Lim Hyesook, more than US$177 million will be invested to start national industries and companies in the field. It is reported that South Korea is one of the first countries to invest in this field. Lim Hyesook said that Metaverse is an unknown digital continent with unlimited potential, showing the possibility that the South Korean government sees in this new technology. The investment is part of South Korea's efforts to incorporate a new technological focus into its Digital New Deal, a set of guidelines the government is following to drive citizens' transition to a fully digital society.
Monetary Authority of Singapore ExploresDeFi Potential, Tries Securities Tokenization
Singapore’s central bank is tapping JPMorgan to help lead a new blockchain pilot exploringthe potential of DeFi. The upcoming test is part of the Monetary Authority of Singapore's (MAS) Project Guardian initiative, which was launched on Tuesday. Project Guardian aims to assess whether DeFi applications running on public blockchains, including Ethereum, can improve the wholesale lending process without introducing additional undue risk. Step 1: Tokenize bonds and deposits, with smart contracts powering trade execution. MAS has also invited Singaporean multinational bank DBS to co-lead the initiative with local digital asset issuance startup Marketnode. The project intends to focus on digital securities, or blockchain tokens backed by traditional financial instruments. Singapore’s central bank, which doubles as the country’s financial regulator, will use the results of the pilot to inform its cryptocurrency policymaking.
【Industry Trends】
Binance will list Optimism (OP)
On June 1, Binance announced that it will list Optimism (OP) at 12:00 on June 1, 2022, and open OP/BTC, OP/BUSD, OP/USDT trading pairs. According to the announcement, Binance only supports the recharge of OP on the Optimism network, and users cannot recharge OP Token on any other network.
Coinbase has listed Optimism (OP)
According to the official Twitter, Coinbase announced that it has launched Optimism (OP) at 15:30 on May 31st, Pacific time (6:30 on June 1st, Beijing time). It should be noted that Coinbase only supports adding Optimism (OP) on the Optimism network, reminding users not to send this asset through Ethereum or other networks, otherwise funds may be permanently lost. According to the latest announcement update, transactions may take longer than usual due to congestion on the Optimism network.
DAO salary payment system Utopia completes $23 million in Series A financing
On June 1st, Utopia, a DAO salary payment system, announced the completion of a US$23 million Series A financing, led by Paradigm, with participation from Kindred Ventures, Circle Ventures, Gusto, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global, and Fourth Revolution Capital. It is reported that the new funds will be used to develop and expand the team, and further improve the functions of DAO, including Token ownership, ledger design and personnel management.
Goldman Sachs and cryptocurrency exchange FTX negotiate derivatives trading agreement
On June 1, according to people familiar with the matter, Goldman Sachs is negotiating with the cryptocurrency exchange FTX to integrate part of its derivatives business. As previously reported, FTX is seeking license modifications from the U.S. Commodity Futures Trading Commission (CFTC) to act as an exchange and intermediary between counterparties in leveraged derivatives transactions, handling collateral and margin requirements internally when borrowing funds. This role is currently handled by brokerage firms such as Goldman Sachs, acting as "futures commission merchants."
BNB Chain releases the latest technology roadmap, which will introduce application side chains
On May 31, BNB Chain officially released its latest technology roadmap at the Revelation Summit. According to the roadmap, BNB Chain will introduce application sidechains in the future; through the BEP-131 proposal, the number of decentralized verifiers will nearly double to 41; and in the third quarter, BNB Chain's Block Gas Capacity increased to 200 million to improve efficiencies such as cost and speed. Uri Ferruccio, executive director of the BNB Foundation, said that these technological advancements are of great significance, and they will bring major changes to the developer community and end users. The focus of this update will be on innovation, enhancing sustainability, and strengthening the governance of the BNB Chain mechanism and security.
【Elite Viewpoint】
Wall Street's well-known big short Jim Chanos: Coinbase is "seriously overvalued"
On June 1, Jim Chanos, president of the world-renowned short-short fund company Kynikos Associates, said in a guest on the Crypto Critics Corner podcast that the cryptocurrency trading platform Coinbase is "severely overvalued" at current levels, and predicted that the plunge in its fee income will causing stock prices to plummet. Jim Chanos predicts that as competition from peer rivals such as Binance, Kraken, Gemini and FTX intensifies, Coinbase's fee ratio will be compressed from current levels, or from 150 basis points to 50 basis points, which means that Coinbase will have to pay more. Cutting costs quickly is the only way to maintain competitiveness.
Deputy Governor of the Central Bank of Russia: Sees room for the use of cryptocurrencies in foreign trade and outside Russia
On May 31, Yudayeva, deputy governor of the Russian central bank, said that the central bank still believes that the risk of using cryptocurrencies in Russia is relatively high, but seeing the space for using cryptocurrencies in foreign trade and outside Russia, it has changed its view on cryptocurrencies. The position of currency mining.
【What to watch today】
Optimism has officially released the OP governance token airdrop
Optimism official Twitter announced that the OP governance token airdrop has officially opened for claiming. Optimism said that before the airdrop was officially opened, some users had already received OP tokens by directly interacting with the smart contract. Due to the high load causing delays to the Optimism blockchain mainnet and remote procedure calls (RPCs), Optimism has temporarily limited archive node functionality until the load subsides.
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