Daily Quotes (January 3, 2024 20:00)
ChainDD's market data on January 3rd shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $97,055.76, up about 2.30% in 24 hours;
ETH was at $3,465.93, up about 2.55% in 24 hours;
BNB was at $705.16, up about 1.04% in 24 hours;
DOGE was at $0.3418, up about 3.30% in 24 hours;
DOT was trading at $7.30, up about 1.64% in 24 hours.
Chain Circle Dynamics
Executive Director of Uniswap Foundation: More than 750 developers have expressed their intention to build on Unichain
Devin Walsh, executive director of the Uniswap Foundation, said in a post on X that Uniswap’s 2024 review report will be released soon. Here are some of the key highlights:
1. Uniswap has attracted over 800 developers to use hooks;
2. More than 750 developers have expressed interest in building on Unichain when it launches, and we expect this number to grow exponentially after the mainnet goes live;
3. Over 100 governance representatives gathered at 3 Govswap events held globally;
4. More than 470 researchers participated in TLDR, DeFi Research Day, and other projects, conducting research in areas such as dark pools and MEV redistribution, and are currently writing over 15 research papers.
Cryptocurrency Market News
Federal Reserve reserves have fallen below 3 trillion USD, reaching the lowest level since 2020.
The reserves of the U.S. banking system are a crucial factor for the Federal Reserve's decision to continue reducing its balance sheet, which fell to about 2.89 trillion USD in the week ending January 1, below the 3 trillion USD mark, reaching the lowest point since October 2020. According to data released by the Federal Reserve on Thursday, this is the largest single-week decline in over two and a half years. Bank reserves decreased by approximately 326 billion USD during that week. To meet regulatory requirements, banks were forced to reduce balance sheet activities such as repurchase agreements at year-end. This means that cash will flow to places like the Federal Reserve's overnight reverse repurchase (RRP) tool, pulling liquidity from other liabilities on the Fed's balance sheet. The RRP balance increased by 375 billion USD between December 20 and December 31, 2024, and then decreased by 234 billion USD on Thursday.
Meanwhile, the Federal Reserve is also removing excess cash from the financial system through its quantitative tightening (QT) program, while institutions continue to repay loans from the bank's term financing program.
Tesla will release its Q4 and annual financial report on January 30.
According to Tesla's official website, the company will release its Q4 and annual financial report for 2024 on January 29 (Eastern Time), which is January 30 in Beijing Time. After the report is released, Tesla will hold a performance meeting at 5:30 PM Eastern Time on the 29th (6:30 AM on the 30th Beijing Time).
According to Arkham data, Tesla's Bitcoin holdings were valued at 1 billion USD in November last year.
The total net outflow of Ethereum spot ETF yesterday was 77.51 million USD, with an ETF net asset ratio of 2.99%.
According to SoSoValue data, yesterday (Eastern Time January 2), the total net outflow of Ethereum spot ETF was 77.51 million USD.
Yesterday, Grayscale's Ethereum Trust ETF (ETHE) had a net outflow of 21.4027 million USD, bringing the historical net outflow for ETHE to 3.661 billion USD. Grayscale's Ethereum Mini Trust ETF (ETH) had a net outflow of 0.00 USD yesterday, while the historical total net inflow for Grayscale Ethereum Mini Trust (ETH) is 601 million USD.
As of the time of writing, the total net asset value of the Ethereum spot ETF is 12.438 billion USD, with an ETF net asset ratio (percentage of market capitalization relative to the total market capitalization of Ethereum) reaching 2.99%. The historical cumulative net inflow has reached 2.580 billion USD.
Donald Trump's second son met Michael Saylor at Mar-a-Lago and mentioned Bitcoin.
Eric Trump, Donald Trump's second son, shared that he met Michael Saylor at Mar-a-Lago and stated, 'Two friends, one common passion: Bitcoin.'
