According to statistics from Dede Think Tank, as of 12:00 on July 14, 2024, there are 14,896 currencies in the global digital currency market. The total market value is $2,302,806,583,203 (about $230.28 billion). The total market value of digital currencies this week fell by about $65.6 billion compared to last week, a drop of about 2.77%.

Most of the global mainstream digital currency markets fell last week

According to statistics from Dede Think Tank, as of 12:00 on July 14, 2024, most of the mainstream digital currency markets fell last week.

Among them, the price of BTC fell from $61,396.18 to $59,564.33, a drop of about 2.98%;

The price of ETH fell from $3,387.40 to $3,176.58, a drop of about 6.22%;

The price of BNB fell from $576.07 to $534.28, a drop of about 7.25%;

The LTC price fell from $75.30 to $70.17, a drop of about 6.81%;

The DOT price increased from $6.14 to $6.19, an increase of about 0.81%.

The SOL price increased from $141.11 to $144.18, an increase of about 2.18%.

This week, the overall market value of the top 30 digital currencies fell by 0.26% compared to last week.

According to statistics from Dede Think Tank, as of 12:00 on July 14, 2024, there are 14,896 currencies in the global digital currency market. The total market value is $2,302,806,583,203 (about $230.28 billion). The total market value of digital currencies this week fell by about $65.6 billion compared to last week, a drop of about 2.77%.

The total market value of the top 30 digital currencies is $2,043,729,390,454 (approximately US$20,437 billion), accounting for approximately 88.75% of the total market value of all digital currencies, down 0.26% from last week.

BTC ranked first in market value this week, at approximately $1,174.6 billion, accounting for 57.47% of the total market value of the TOP30, up 0.04% from last week.

Ranked second is ETH, with a market value of approximately US$381.9 billion this week. The TOP30 total market value accounts for 18.69%, down 0.62% from last week.

USDT ranked third with a market value of approximately US$112.5 billion this week. Its TOP30 market value accounted for 5.50%, up 0.16% from last week.

The overall fluctuation of the cryptocurrency ranking in the TOP 30 is small. The distribution of specific cryptocurrency proportions is shown in the figure below:

The top 30 digital currencies by market value this week are divided into public chains, platform coins, stablecoins, tokens, DeFi and other fields.

The largest sector is public chain, accounting for 77.71%, and the second largest sector is stable currency, accounting for 7.43%. The distribution of the top 30 digital currency sectors is shown in the figure below:

There was no significant fluctuation in the share of Bitcoin mining pools this week

According to statistics from Dede Think Tank, a total of 1,033 Bitcoin blocks were mined this week. Among them, there were 0 empty blocks, accounting for 0.00%. The average mining fee and block reward accounted for 3.14%. This week, the share of the top 10 Bitcoin mining pools accounted for 95.44% of the total share. The specific share distribution of mining pools is as follows:

Weekly News Review

Industry Progress

  • Bithumb: Actively responding to South Korea's Virtual Asset User Protection Act, plans to set up a reward of up to 300 million won for reporting unfair transactions

  • Bitcoin mining company TeraWulf: Open to merger transactions

  • Privacy infrastructure Nym is about to launch NymVPN service that supports privacy payments

  • r/datadao disables token minting and gives up contract ownership

  • The whale that once held the second largest share of PENDLE is suspected of selling gradually over the past two months, causing the price of the coin to fall.

  • Market News: Thai government to announce negative list for digital wallet plans

  • X platform is reported to add multiple Grok model function support

Investment and Financing

  • AI agent workflow network Questflow Labs completes $1.5 million angel round of financing

  • Digital asset trader Auros to invest over $50 million in crypto startups

  • Coinbase Ventures makes $1 million strategic investment in Ampleforth’s flatcoin SPOT

  • Artificial intelligence startup Hebbia completes $130 million financing, led by a16z

  • Satoshi Protocol, a full-chain stablecoin protocol, completes $2 million seed round of financing

  • Blockchain startup Rome raises $9 million

  • Frictionless Capital announces that its Frictionless Fund I has raised $20 million to invest in blockchain projects

One-week policy review

  • Philippine Stablecoin PHPC is now available on Ronin

  • French election results could impact passage of new legislation, including cryptocurrency regulations

  • Taiwan has built a prototype platform for CBDC

  • Dubai Customs launches blockchain platform to improve operational transparency

  • Banque de France and Hong Kong Monetary Authority announce collaboration on wCBDC

  • Nigeria considers using domestic blockchain to ensure data security

  • US Senate proposes using blockchain for national security testing

Investment Calendar

July 8 (Monday)

  • If Bitcoin falls to $50,000, mainstream CEX will have $658 million in long orders liquidated

July 9 (Tuesday)

  • Republican National Committee adopts encryption and AI policies in draft platform

July 10 (Wednesday)

  • BTC breaks through 59,000 USDT in the short term, with a 24-hour increase of 2.92%

July 11 (Thursday)

  • BTC breaks through 58,000 USDT, and the 24-hour decline narrows to 2.08%

July 12 (Friday)

  • UK sells Monero confiscated from drug dealers

July 13 (Saturday)

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July 14 (Sunday)

  • Gunfire rang out at Trump's campaign rally in Pennsylvania