Daily Quotes (April 13, 2024 10:30 am)

ChainDD's market data on April 13 shows that the combined DD index and CoinMarketCap quotes are:

BTC was at $66,504.29, down about 5.92% in 24 hours;

ETH was at $3,189.64, up about 9.52% in 24 hours;

BNB was at $575.45, down about 6.30% in 24 hours;

DOT was at $7.08, down about 16.45% in 24 hours;

DOGE was trading at $0.1682, down about 14.55% in 24 hours.

Chain Circle Dynamics

Report: Ethereum L2 scalability has increased more than 11 times since Dencun upgrade

According to a report from Inter Brazil, the introduction of “blobs” in Ethereum’s recent Dencun upgrade has enabled layer 2 (L2) blockchains to increase network scalability by more than 11 times. Blobs are spaces within Ethereum blocks that are dedicated to receiving data from L2 chains such as Arbitrum, Optimism, and Base.

Santiment: SP500 and gold pull back with cryptocurrencies, indicating that inflation concerns are emerging in all walks of life

Crypto intelligence platform Santiment said that Bitcoin fell below $67,000 for the first time since April 4, and the liquidation volume of Bitcoin contracts exceeded $850 million in the past day. SP500 and gold prices also pulled back along with cryptocurrencies, indicating that CPI and inflation concerns are showing up in all walks of life.

Coinbase files interlocutory appeal in its case against SEC

Coinbase is claiming good cause for a disagreement by filing an interlocutory appeal, according to a person familiar with the matter. Coinbase filed a motion last month to appeal a judge's decision that allowed the lawsuit involving the U.S. Securities and Exchange Commission (SEC) and the exchange to proceed rather than be dismissed. In the motion, the exchange will hear whether the SEC has the authority to treat digital asset transactions as investment contracts even if there is no contract between the issuer and the investor. Last year, Coinbase was sued by the SEC for allegedly acting as an unregistered exchange, broker-dealer and clearing agency. The regulator also questioned Coinbase's staking and wallet services.

zkSync Lite ecosystem project ZigZag will shut down business this week

ZigZag, a decentralized exchange based on zkSync Lite, announced that it will shut down operations this week due to regulatory pressure. The zkLite Exchange team has forked the project's code and launched an alternative platform.

Cryptocurrency News

BlackRock Launches Bitcoin ETF Ad on Bloomberg Homepage

BlackRock launched a spot Bitcoin ETF advertising campaign on the Bloomberg homepage, which undoubtedly proves the growing popularity of this investment product. Since receiving approval from the U.S. Securities and Exchange Commission (SEC) in January, BlackRock's IBIT has been a huge success. After only three months of trading, the ETF manages assets of more than 263,000 bitcoins, worth more than $18 billion.

Fed's Bostic: Outlook for 2024 is one rate cut before the end of the year

Fed's Bostic said that the outlook for 2024 is to cut interest rates once before the end of the year, and I am not in a hurry to cut interest rates; pay attention at all times and adjust the outlook as needed; inflation will continue to fall, but the pace of slowdown will be much slower.

Dogecoin community contributors warn against derivatives markets ahead of Coinbase listing of DOGE futures

Mishaboar, a Dogecoin community developer and contributor, warned the Dogecoin community about the risks involved in participating in the cryptocurrency leverage and derivatives market. He explained that the current market is too volatile and unpredictable for investors, and warned that investors could end up suffering heavy losses. Mishaboar strongly advised Dogecoin investors and traders to stay away from leverage and derivatives in cryptocurrencies. Mishaboar's warning comes as Coinbase recently announced that it may list Dogecoin futures in April this year, which has stimulated growing expectations within the Dogecoin community.

USDC Treasury destroyed 95.5 million USDC

According to the on-chain data tracking service Whale Alert, USDC Treasury destroyed 95,501,906 USDC at around 01:33 Beijing time today.