Daily Quotes (July 3, 2024 19:00)
ChainDD's market data on July 3rd shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $60,515.80, down about 3.22% in 24 hours;
ETH was at $3,312.52, down about 3.61% in 24 hours;
BNB was at $559.56, down about 3.13% in 24 hours;
DOGE was at $0.1196, down about 3.22% in 24 hours;
DOT was trading at $6.19, down about 3.37% in 24 hours.
Chain Circle Dynamics
Ethereum client Geth v1.14.6 has been released
The Ethereum Go language client Go Ethereum published a post on X stating that the Ethereum client Geth v1.14.6 has been released, which introduces the experimental witness construction verification code used in the "cross-validation" proposal.
Cryptocurrency News
Thai Ministry of Finance: Digital wallet plan will boost GDP growth in the first half of 2025
Thailand's Finance Ministry said the digital wallet initiative will boost GDP growth in the first half of 2025.
In the past 24 hours, the entire network has liquidated $123 million, and the total market value of cryptocurrencies has dropped to $2.38 trillion.
According to CoinGecko data, the total market value of cryptocurrencies is $2.38 trillion, down 2.3% in 24 hours. In addition, BTC has a market share of 50.5% and ETH has a market share of 17%.
According to Coinglass data, the entire network had a liquidation of US$123 million in the past 24 hours, of which long positions had a liquidation of US$102 million and short positions had a liquidation of US$20.7754 million.
Xu Zhengyu: Hong Kong is now actively building an international science and technology innovation center, and investors are very interested in blockchain and other aspects
In a recent interview, Paul Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said that with the three major trends of asset allocation diversification, economic digitalization and green transformation in the international capital market, Hong Kong, as an international financial center, must continue to reform and innovate in order to seize new opportunities. Europe's policies on Hong Kong, especially some recent policies on innovative technology, including the future regulation of legal tender, the regulation of some over-the-counter virtual asset transactions, and the development direction of virtual assets are very interested. Hong Kong is now actively building an international science and technology innovation center, especially in biotechnology, including blockchain and other aspects, which are of great interest to investors. The situation of family offices settling in Hong Kong is relatively ideal. There are now about 140 families willing to or have already set up family offices in Hong Kong. The task given by the Chief Executive of Hong Kong is to have 200 new family offices landed before 2025.
Ethereum ranks first with annual fee income of US$2.728 billion, and Bitcoin ranks second with US$1.302 billion.
According to Lookonchain statistics, the top three blockchains in terms of annual network fee revenue are:
Ethereum: $2.728 billion;
Bitcoin: $1.302 billion;
Tron: $459.39 million;
Solana: $241.29 million
BSC: $176.56 million.
Bloomberg ETF analyst: Capital flows to U.S. Bitcoin spot ETFs are basically stagnant
Bloomberg ETF analyst James Seyffart wrote on the X platform that the flow of funds for US Bitcoin (spot) ETFs has basically stagnated, with small inflows and small outflows; since its launch, its net inflow has been $14.7 billion. However, the trading volume of these ETFs has been on a downward trend since mid-May and has failed to break through $3 billion.
In the past hour, the entire network has liquidated about 32.62 million US dollars, mainly long orders
Coinglass data shows that in the past hour, the entire network had a liquidation of 32.6214 million US dollars, and long orders had a liquidation of 32.1009 million US dollars. Among them, BTC liquidated 8.6829 million US dollars and ETH liquidated 8.785 million US dollars.
IntoTheBlock: Ethereum spot ETF approval for listing may have a greater substantive impact on ETH
IntoTheBlock said in the latest issue of its weekly newsletter: "The upcoming Ethereum spot ETF may have a more substantial impact on ETH because it will bring a new wave of investors. Since ETH's supply is highly concentrated in the hands of long-term players, if its ETF inflows are comparable to Bitcoin's inflows, then this may have a huge impact."
Ilan Solot, co-head of digital assets at Marex Solutions, said pessimism could actually lead to Ethereum outperformance. “Ubiquitous pessimism is a strong recipe for outperformance. The same is true for ‘sell the news’ strategies, with many expecting Ethereum to emulate the historical performance of the Bitcoin ETF,” Solot said in an email. “However, I am concerned that many inflow forecasts may be over-benchmarked by comparing them to Bitcoin ETF data (e.g. ‘ETH will attract 20% of Bitcoin ETF inflows’). The prevalence of delta-neutral trades (carry trades) may confound such comparisons and overestimate potential price impacts.”
The U.S. Bitcoin spot ETF experienced its first net outflow after net inflows in the past five days, with total net asset value of US$53.727 billion
According to SoSoValue data, yesterday (July 2, Eastern Time), the total net outflow of U.S. Bitcoin spot ETFs was US$13.6167 million.
Yesterday, Grayscale ETF GBTC had a single-day net outflow of 32.3779 million US dollars. Currently, the historical net outflow of GBTC is 18.547 billion US dollars.
The Bitcoin spot ETF with the largest daily net inflow yesterday was BlackRock's IBIT ETF, with a daily net inflow of $14.1154 million. Currently, IBIT's total historical net inflow has reached $17.739 billion. The second largest was Fidelity's FBTC ETF, with a daily net inflow of $5.4189 million. Currently, FBTC's total historical net inflow has reached $9.237 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$53.727 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 4.39%, and the historical cumulative net inflow has reached US$14.640 billion.
