Daily Quotes (May 17, 2024 20:30)

ChainDD's market data on May 17 shows that the combined DD index and CoinMarketCap quotes are:

BTC was at $66,364.49, up about 0.61% in 24 hours;

ETH was at $3,071.98, up about 3.28% in 24 hours;

BNB was at $579.44, up about 0.71% in 24 hours;

DOGE was at $0.1528, down about 0.07% in 24 hours;

DOT was trading at $7.18, up about 4.42% in 24 hours.

Chain Circle Dynamics

Hong Kong Monetary Authority: The current digital RMB pilot program does not require real-name registration and cannot be used for personal transfers

The Hong Kong Monetary Authority stated that users can now download and install the "Digital RMB" (English name is e-CNY) wallet application through smartphone application stores, and add value in RMB through 17 retail banks in Hong Kong through FPS. Some of the banks that provide FPS value-added services can provide customers with real-time exchange services, directly exchanging Hong Kong dollars for RMB to add value to digital currency wallets, and the exchange rate will be displayed in real time for customers' reference. Hong Kong residents only need to register with a Hong Kong mobile phone number to open a digital currency wallet in real time, without real-name registration and opening a mainland bank account, and add value to the digital currency wallet through FPS. Currently, the pilot supports the opening of personal wallets by Hong Kong users, which belong to the fourth category of wallets, which can be used for retail payments, not only limited to the Greater Bay Area, but also for consumption in other mainland pilot areas, but not for personal transfers.

Cryptocurrency News

Hong Kong Bitcoin ETF redeemed a total of 200.27 BTC yesterday, and the current total holding is 3490 BTC

SoSo Value data shows that the Hong Kong Bitcoin Spot ETF had a net redemption of 200.27 bitcoins on May 16, with a total of 3,490 bitcoins held. The daily transaction volume was US$6.72 million, and the total net assets were US$231 million.

In terms of asset size, ChinaAMC ETF holds 1,600 BTC and ranks first, while Bose HashKey and Harvest hold 1,010 and 883.71 BTC respectively. As of press time, in terms of intraday discount/surplus rate, ChinaAMC Bitcoin ETF, Bose HashKey Bitcoin ETF and Harvest Bitcoin ETF showed intraday discount rates of -0.61%, -0.3% and -0.32% respectively, all of which were discounted within 24 hours.

Tether CEO: 1 billion USDT will be issued on Tron Network, which has been authorized but not issued

Tether CEO Paolo Ardoino said that 1 billion USDT was issued on the Tron Network early this morning Beijing time, and it has been authorized but not issued, which means that the amount will be used as inventory for the next issuance request and chain exchange.

TRC20-USDT issuance exceeds 58.8 billion, setting a record high

According to the latest news, the issuance of TRC20-USDT has exceeded 58.8 billion, setting a new record. As of now, the number of TRC20-USDT holding accounts has reached 42.4 million, and the cumulative number of transfers has exceeded 1.73 billion.

TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether based on the TRON network. Its fast transfer speed and low handling fees have attracted a large number of users, and it has been supported by many exchanges such as Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. The TRC20 version of USDT will greatly enhance TRON's existing decentralized application ecosystem, bring higher overall value storage and stronger decentralized exchange liquidity, and provide a more convenient blockchain entry for enterprise-level partners and institutional investors.

Binance and Taiwan law enforcement agencies jointly cracked a fraud case involving US$6.2 million

Binance Financial Crime Compliance (FCC) has teamed up with the Taiwan Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to crack down on a large-scale money laundering case, uncovering a virtual asset fraud case worth NT$200 million (US$6.2 million). As revealed in the official statement, the operation facilitated criminals to launder illegal proceeds through cryptocurrency transactions. The scammers used forged remittance documents, falsified identity information, and tampered with customer communication records to evade detection by law enforcement.