According to statistics from Dede Think Tank, as of 12:00 on August 18, 2024, there are 15,087 currencies in the global digital currency market. The total market value is $2,176,170,482,406 (about $217.62 billion). This week, the total market value of digital currencies fell by about $60.5 billion compared to last week, a drop of about 2.70%.

Most of the global mainstream digital currency markets fell last week

According to statistics from Dede Think Tank, as of 12:00 on August 18, 2024, most of the mainstream digital currency markets were downward last week.

Among them, the price of BTC fell from $61,155.84 to $5,9,715.44, a drop of about 2.36%;

The price of ETH fell from $2,663.22 to $2,618.41, a drop of about 1.68%;

The price of BNB increased from $531.66 to $538.97, an increase of about 1.37%;

The LTC price rose from $61.80 to $67.38, an increase of about 9.03%;

The DOT price fell from $4.77 to $4.37, a drop of about 8.39%.

The SOL price dropped from $155.73 to $141.91, a drop of about 8.87%.

This week, the overall market value of the top 30 digital currencies increased by 0.50% compared to last week.

According to statistics from Dede Think Tank, as of 12:00 on August 18, 2024, there are 15,087 currencies in the global digital currency market. The total market value is $2,176,170,482,406 (about $217.62 billion). This week, the total market value of digital currencies fell by about $60.5 billion compared to last week, a drop of about 2.70%.

The total market value of the top 30 digital currencies is $1,964,896,627,208 (approximately US$196.49 billion), accounting for approximately 90.29% of the total market value of all digital currencies, an increase of 0.50% compared to last week.

BTC ranked first in market value this week, at approximately $1,178.9 billion, and the TOP30 total market value accounted for 60.00%, down 0.10% from last week.

Ranked second is ETH, with a market value of approximately US$315 billion this week. The TOP30 total market value accounts for 16.03%, up 0.08% from last week.

USDT ranked third with a market value of approximately US$116.9 billion this week. Its TOP30 market value accounted for 5.95%, up 0.19% from last week.

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

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 77.40%, and the second largest sector is stable currency, accounting for 8.11%. 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 1,024 Bitcoin blocks were mined this week. Among them, there were 5 empty blocks, accounting for 0.49%. The average mining fee and block reward accounted for 1.73%. This week, the top 10 Bitcoin mining pools accounted for 94.82% of the total share. The specific mining pool share distribution is as follows:

Weekly News Review

Industry Progress

  • Citigroup's global head of digital assets Maini leaves

  • Telegram cat-themed mini-game Catizen has been ranked first in the TON ecosystem application list for four consecutive seasons

  • A user may have spent nearly $90,000 in gas fees to transfer 0.87 ETH due to an error

  • Binance will delist some token withdrawal services and convert them to USDC

  • Upbit will suspend USDT trading on August 19 due to server maintenance

  • Yale University: ServerFi is a new symbiotic relationship between games and players

  • Family of Binance executive detained in Nigeria says his health is rapidly deteriorating

Investment and Financing

  • El Salvador receives $1.62 billion investment from Turkey's Yilport to support the construction of a "Bitcoin city"

  • Harmon Ventures announces $2 million lead investment in AI+Web3 security platform InfluxAI

  • Ethereum Layer 2 Development Company Parfin Completes $10 Million Series A Funding, Led by ParaFi Capital

  • Bitcoin network infrastructure developer Satflow completes $7.6 million financing, led by Variant

  • Stablecoin 2.0 infrastructure company WSPN completes $30 million seed round of financing, led by Folius Ventures and Foresight Ventures

  • Bitcoin mining company Digihost completes $4 million in private financing

  • Web3 gaming platform GAMEE completes new round of financing, TON Ventures participates in the investment

One-week policy review

  • Polish Central Bank member: In the case of low growth, there is room for interest rate cuts in 2025

  • Venezuela bans Binance, X and other platforms due to presidential election dispute

  • New Jersey regulator urges crypto investors to withdraw funds from Abra

  • DOJ, SEC close investigation of short seller Carson Block without action

  • Trump and Elon Musk Praise Argentina’s President Javier Milei for Supporting Bitcoin

  • Philippine central bank governor: The direction of monetary policy will eventually tend to be easing

  • South Korea's Financial Services Agency requires virtual asset exchanges that have ceased operations to purchase "virtual asset commercial insurance"

Investment Calendar

August 12 (Monday)

  • Polymarket's US presidential election betting exceeds $573 million

August 13 (Tuesday)

  • The 85% plunge: Can Ethereum dip to $1,000? Bitcoin could reach $100,000 if it looks bullish?

August 14 (Wednesday)

  • Musk's xAI launches Grok-2 and Grok-2 mini test versions

August 15 (Thursday)

  • OKX Web3 wallet officially completes visual upgrade to improve user experience

August 16 (Friday)

  • Strategy Testing 02 | OKX and AICoin Research Institute: Grid Strategy

August 17 (Saturday)

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August 18 (Sunday)

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