● This week, APT and other tokens will have a one-time large-scale unlocking, with a total value of US$350 million
According to PANews, Token Unlocks data shows that APT and other tokens will see a one-time large-scale unlocking this week, with a total release value of US$350 million.
● Ripple CEO predicts that the total market value of the cryptocurrency market will double this year, exceeding $5 trillion
According to WuSay, Ripple CEO Brad Garlinghouse expects the total market value of the cryptocurrency market to double this year to over $5 trillion. He believes this is mainly due to various macro factors, including the emergence of the first spot Bitcoin ETF in the United States, Bitcoin halving, and possible positive regulatory momentum in the United States.
● The total market value of MEME coins is expected to nearly triple in 2024
According to Foresight News, data from IntoTheBlock shows that the total market value of meme coins is expected to nearly triple to more than $56 billion by 2024. This growth is mainly attributed to the impact of meme season.
● Glassnode analyst: Bitcoin’s current breakthrough of ATH is almost the same as the previous one
According to Golden Finance, Glassnode analyst @_Checkɱate posted on social media X that the situation of Bitcoin breaking through the historical high price (ATH) this time is almost the same as before. Long-term holders (LTH) began to use the new influx of demand and liquidity to sell their tokens, and smart investors would buy at low prices and sell at high prices.
● Digital Euro bill may not be ready before European elections
According to Odaily Planet Daily, the digital euro bill is "unlikely" to be ready before the European elections in June. Members of the European Parliament have stalled in developing a legal framework for the digital euro, essentially shelving the controversial project indefinitely. The new European Parliament will decide after the June elections whether to start from scratch on the bill or make it a lower priority task.
● Decentralized financial protocol Goldfinch suffered a large borrower default, and lenders suffered heavy losses
According to PANews, lenders using the decentralized finance protocol Goldfinch have been hit hard after a large borrower, Lend East, defaulted. Lend East had received a loan worth $10.2 million through the support of Goldfinch users, but was only able to repay about $4.25 million and is expected to default on the remaining $5.9 million when the loan matures.
Warbler Labs, the company behind the Goldfinch protocol, is retaining outside legal counsel to explore all rights and remedies available to the community to maximize recovery. This is the third breach experienced by users of the Goldfinch protocol since it began operations in January 2021.
