Headlines
▌Ethereum’s market share falls below 15%
Data shows that the total market value of cryptocurrencies has reached 2.554 trillion US dollars, currently at 2,553,885,916,872 US dollars, with a 24-hour decline of 0.4%, and a 24-hour trading volume of 46,378,440,870 US dollars. Currently, BTC accounts for 51.8% of the market and ETH accounts for 14.6%.
Venezuelan authorities seize and disconnect over 11,000 Bitcoin mining machines
Venezuela’s national electricity ministry has announced a special operation to disconnect all Bitcoin mining farms from the grid. Authorities have seized more than 11,000 Bitcoin mining machines as the government seeks to reduce power usage by high-power customers that draw energy from the country’s electricity system.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $66,276.31, with a daily change of -1.1%;
ETH's latest transaction price is $3,070.85, with a daily change of -1.7%;
BNB's latest transaction price is $574.36, with a daily change of -1.1%;
SOL's latest trading price is $170.18, with a daily change of -1.3%;
DOGE’s latest trading price is $0.1491, with a daily change of -2.4%;
XPR recently traded at $0.5097, with a daily change of -2.2%.
policy
▌ETFStore President: The SEC may approve 19b-4s and then slow down the implementation of S-1s
Nate Geraci, president of ETFStore, said on Platform X that the SEC will make a decision on the spot EthETF this week. The SEC must approve 19b-4s (Exchange rule changes) and S-1s (Registration Statements) before the ETF can launch. Technically, it is possible that the SEC will approve the 19b-4s and then slow down the execution of the S-1s (especially given the reported lack of participation here).
Blockchain Applications
▌Telegram-based iGaming platform Boxbet completes strategic round of financing
Boxbet, an iGaming platform based on Telegram, announced that it has completed a strategic round of financing. The specific amount has not been disclosed. Boxbet said that investors include a crypto fund that supports Solana and a global leading iGaming operator. The names of these investors will be made public in the coming weeks. Boxbet said that it will enhance the online gaming experience through a series of unique features and launch a user reward mechanism. According to the information disclosed on its website, 30% of the revenue will be used for the purchase and destruction of native tokens on the Ethereum chain, and 75% of the token supply will be destroyed eventually.
Cryptocurrency
▌The number of new Bitcoin wallets has fallen to the lowest level since 2018
According to data from The Block, the seven-day moving average number of new addresses on the Bitcoin network, which was close to an all-time high six months ago, has fallen to its lowest level since 2018. An average of only 275,000 addresses were added to the Bitcoin network each day over the past week, compared to 625,000 six months ago.
▌The giant whale 0xDf7 is suspected of clearing out the 134,000 UNIs purchased a month ago
According to the monitoring of on-chain analyst @ai_9684xtpa, the address 0xDf7...AA50A is suspected to have liquidated 134,000 UNIs purchased a month ago. If all are sold, the profit will be $33,000. The whale's opening cost is $7.44 and the recharge price is $7.69.
▌The overall market value of the Runes sector fell to US$929 million
GeniiData data shows that the overall market value of the Runes sector fell to $929 million, with a daily decline of more than 5.43%. Among them, the market value of Rune No. 3 DOG•GO•TO•THE•MOON is $262 million, ranking first; the market value of Rune No. 13 PUPS•WORLD•PEACE is $158 million, ranking second; the market value of Rune No. 8 RSIC•GENESIS•RUNE is $157 million, ranking third.
▌CrvUSD minting quantity reaches 130 million
Data from the Curve website shows that the number of crvUSD, Curve's native stablecoin, has exceeded 130 million, and as of press time, it is 130,165,161. The value of the collateral based on WBTC is $110 million, the value of the collateral based on wstETH is $40,661,200, the value of the collateral based on ETH is $56,765,700, and the value of the collateral based on sfrxETHV2 is approximately $17,376,100.
Important economic developments
▌The scale of bond ETFs exceeded 100 billion yuan, and the leading products attracted more than 30 billion yuan
The largest bond ETF (Exchange Traded Open Index Fund) product has reached a new level. Wind data shows that as of May 17, the latest scale of HFT CSI Short-Term Bond ETF exceeded 30 billion yuan, reaching 31.949 billion yuan. HFT CSI Short-Term Bond ETF is currently the largest bond ETF product in the market. Overall, there are currently 20 bond ETFs in the market, with a total scale of 101.438 billion yuan, an increase of more than 20 billion yuan from the end of 2023, an increase of 26.6%. (Securities Times)
Golden Encyclopedia
What is a reentrancy attack in smart contracts?
In a smart contract, a reentrancy attack occurs when a contract externally calls another contract or function before completing its own state change. This allows the called contract to reenter the calling contract and potentially execute parts of its operations again, which can lead to unforeseen and frequent malicious behavior. For example, Contract A calls Contract B to send funds and then modifies its own state. Contract B's code may contain a callback function that allows it to reenter Contract A and potentially re-execute the transfer function before Contract A completes its state change. This would allow an attacker to obtain funds from the contract multiple times before completing the initial transaction.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
