Daily Quotes (09:55 am, May 2, 2024)
ChainDD's market data on May 2 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $60,471.74, down about 5.24% in 24 hours;
ETH was at $2,995.84, down about 7.34% in 24 hours;
BNB reported $573.50, down about 4.39% in 24 hours;
DOT was at $6.40, down about 3.55% in 24 hours;
DOGE was trading at $0.1309, down about 9.88% in 24 hours.
Chain Circle Dynamics
MicroStrategy is building a decentralized identity protocol based on the Ordinals protocol
According to information disclosed by Ord.io on the X platform, MicroStrategy Executive Chairman Michael Saylor said that the company is building a decentralized identity (DID) protocol based on the Ordinals protocol.
LayerZero: Snapshot#1Completed, More Information Coming Soon
Cross-chain interoperability protocol LayerZero announced on X that Snapshot#1has been completed and more information will be released soon.
Aave Labs launches V4 roadmap governance proposal: planned to be released in mid-2025
On Wednesday, Aave Labs unveiled three governance proposals to guide the development of its Aave V4. The protocol said in a post on its governance forum on Wednesday that the Aave V4 roadmap, which is in an advanced research stage, proposes several improvements to the Aave lending platform, such as improved support for its native GHO stablecoin and lower transaction fees. The proposal also revealed the developers' plans to automatically calculate the protocol's borrowing rates and some DAO governance processes.
Aave Labs said: “Aave V4 marks a significant advancement for DeFi, building a new frontier in capital efficiency, risk management, and scalability.”
The launch of Aave V4 is scheduled for mid-2025. The rollout of this upgrade is part of a broader initiative called “Aave 2030,” which aims to significantly overhaul the protocol in the same way by 2030.
Cryptocurrency News
Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $559.5 million
According to Tree News monitoring, the US Bitcoin spot ETF had a net outflow of US$559.5 million yesterday.
DeFi TVL fell by $10 billion in April, a 7% drop
Data shows that DeFi's overall TVL decreased by $10 billion in April, a drop of 7%, to $138.6 billion by the end of April.
Despite the overall downward trend, Bitcoin, Base, and Blast all saw an increase in inflows, with Bitcoin TVL rising nearly 39% and Base TVL increasing 18.4% due to applications such as Moonwell, Seamless Protocol, and Tarot.
Deribit BTC options sell 300 BTC of $60,000 put options at the end of June
Lin Chen, head of Asia-Pacific business at Deribit, posted on the X platform that the largest BTC option today was a large investor selling 300 BTC of $60,000 put options at the end of June, earning a total of $1.75 million.
Since CZ pleaded guilty in November 2023, six U.S. states have revoked Binance.US’s license
The Oregon Financial Regulator announced that it has revoked Binance.US’s money transmission license and banned it from accepting money transfers or holding fiat and cryptocurrency assets for customers in the state. This is the sixth state in the United States to take regulatory action against Binance.US after CZ pleaded guilty in November last year.
Previously, states such as Florida, Alaska, North Carolina, Maine, and Connecticut have suspended or refused to renew Binance.US’s operating license. In addition, Binance.US has never obtained a license in New York, Texas, Vermont, and Hawaii.
The official website shows that although the exchange has licenses in Georgia and Ohio, its services are not available in these two states. Binance.US opened a regional center in Georgia in March 2023 with 25 employees; its license in Minnesota does not include the exchange or transmission of virtual currencies.
Yesterday, BlackRock IBIT had a net outflow of US$36.9 million, the first net outflow since its listing
According to Tree News monitoring, BlackRock IBIT had a net outflow of US$36.9 million yesterday, the first net outflow since its listing.
VanEck: The total value of Bitcoin held by various ETFs, countries and companies is about $175 billion
VanEck said in a new report that various ETFs, countries and companies currently hold a total of about $175 billion in Bitcoin. Institutional investors have also increased their interest in Bitcoin, VanEck said in the report. Hedge funds, asset management companies and endowment funds are increasingly recognizing Bitcoin's potential as a means of storing value.
