Daily Quotes (July 27, 2024 09:30 AM)
ChainDD's market data on July 27 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $67,876.23, up about 0.88% in 24 hours;
ETH was at $3,250.22, down about 0.04% in 24 hours;
BNB was at $578.96, up about 0.25% in 24 hours;
DOT was at $5.84, up about 0.19% in 24 hours;
DOGE was trading at $0.1342, up about 3.79% in 24 hours.
Cryptocurrency News
Trump to speak at Bitcoin2024 on July 28 at 3:00
Former US President Donald Trump will deliver a speech at Bitcoin2024 in Nashville, Tennessee at 14:00 Central Time on July 27 (3:00 a.m. Beijing Time on July 28), which is expected to last 30 minutes.
Bloomberg analyst: Ethereum ETF's total assets have reached nearly $9 billion in three days since its listing
Bloomberg analyst James Seyffart disclosed data on the X platform showing that the total assets of the Ethereum ETF were close to US$9 billion in three days after its listing, with a net outflow of -US$178 million.
Market News: US Vice President Harris may share Bitcoin stance in the coming weeks
Although U.S. Vice President Harris rejected the request to attend the Nashville Bitcoin Conference, people familiar with the matter revealed that the Harris team had actually seriously considered the invitation. An unnamed crypto lobbyist and former White House adviser said in an interview: "Harris doesn't have much time to redefine herself. She only has a short time to say with certainty that she is an independent person." The source claimed that Harris is expected to clarify her views on cryptocurrencies in the coming weeks.
Many politicians will give speeches at Bitcoin conference today
Many politicians will give speeches at the 2024 Bitcoin Conference today, including Senator Cynthia Lummis and independent US presidential candidate Robert Kennedy Jr.
In addition, important guests such as MicroStrategy Executive Chairman Michael Saylor, ARK Invest CEO Cathie Wood, and cybersecurity expert Edward Snowden will also give speeches.
SOL surpasses BNB to become the fourth largest cryptocurrency by market value
Coinmarketcap data shows that SOL's market value has currently reached 84.169 billion US dollars, surpassing BNB's market value (84.129 billion US dollars) and becoming the fourth largest cryptocurrency by market value.
Market news: Michigan Pension Fund in the United States has purchased $6.6 million in spot Bitcoin ETF in the second quarter
According to the Trade T on X platform, the Michigan Pension Fund bought $6.6 million of the ARKB spot Bitcoin ETF in the second quarter.
Bloomberg Analyst: Ethereum ETF is not as good as Bitcoin ETF in offsetting Grayscale outflows
Bloomberg ETF senior analyst Eric Balchunas wrote on the X platform that the eight Ethereum ETFs are not as strong as the nine Bitcoin ETFs in offsetting Grayscale's outflows, but the good news is that Ethereum ETF inflows/trading volumes are still very healthy, and the intensity of Grayscale Ethereum ETF ETHE unlocking should be weaker than before.
In the past week, Circle issued approximately US$2.7 billion USDC and redeemed approximately US$2.6 billion USDC
According to official data, as of July 25, Circle has issued approximately US$2.7 billion in USDC and redeemed approximately US$2.6 billion in USDC in the past 7 days, with the circulation volume increasing by less than US$100 million.
The total circulation of USDC is 33.7 billion US dollars, and the reserve is 33.9 billion US dollars, of which approximately 4.2 billion US dollars is in cash and the Circle Reserve Fund holds approximately 29.7 billion US dollars.
Michael Saylor: Bitcoin may rise to $13 million by 2045, and its total market value will account for 7% of global wealth
Speaking at the Bitcoin Conference, Micro Strategy founder Michael Saylor said that as adoption grows, the price of Bitcoin could exceed $13 million by 2045, which would require a 29% annual return. At this level, Bitcoin's market value would reach $280 trillion, accounting for 7% of global wealth.
He added: "In a bear market scenario, the price of Bitcoin could be $3 million, or 2% of global wealth, but in a bull market scenario, the price of Bitcoin could be $49 million, or 22% of global wealth."
Under Saylor's leadership, MicroStategy has purchased 226,331 bitcoins over the past four years, currently worth approximately $15 billion, about 80% higher than the cumulative purchase price.
