According to statistics from Dede Think Tank, as of 12:00 on June 2, 2024, there are 14,615 currencies in the global digital currency market. The total market value is $2,675,996,660,494 (about $267.6 billion). This week, the total market value of digital currencies fell by about $30.9 billion compared to last week, a drop of about 1.14%.

The global mainstream digital currency market fell across the board last week

According to statistics from Dede Think Tank, as of 12:00 on June 2, 2024, the mainstream digital currency market was down across the board last week.

Among them, the price of BTC fell from $69,273.65 to $67,456.90, a drop of about 2.62%;

The price of ETH fell from $3,786.88 to $3,775.30, a drop of about 0.31%;

The price of BNB fell from $603.35 to $597.65, a drop of about 0.94%;

The LTC price fell from $84.96 to $82.42, a drop of about 2.99%;

The DOT price fell from $7.43 to $7.02, a drop of about 5.52%.

The SOL price dropped from $165.12 to $164.45, a drop of about 0.41%.

This week, the overall market value of the top 30 digital currencies fell by 0.95% compared to last week

According to statistics from Dede Think Tank, as of 12:00 on June 2, 2024, there are 14,615 currencies in the global digital currency market. The total market value is $2,675,996,660,494 (about $267.6 billion). This week, the total market value of digital currencies fell by about $30.9 billion compared to last week, a drop of about 1.14%.

The total market value of the top 30 digital currencies is $2,314,187,811,497 (approximately US$231.42 billion), accounting for approximately 86.48% of the total market value of all digital currencies, down 0.95% from last week.

BTC ranked first in market value this week, at approximately $132.97 billion, accounting for 57.46% of the total market value of the TOP30, down 0.22% from last week.

Ranked second is ETH, with a market value of approximately US$453.6 billion this week. The TOP30 total market value accounts for 19.60%, up 0.38% from last week.

Ranked third is USDT, with a market value of approximately US$112.1 billion this week. Its TOP30 total market value accounts for 4.85%, up 0.12% from last week.

The overall fluctuation of the cryptocurrency ranking in the TOP 30 is small. The distribution of specific cryptocurrency proportions is shown in the figure below:

This week, the top 30 digital currencies by market value are divided into public chains, platform coins, stablecoins, tokens, DeFi and other fields.

The largest sector is public chain, accounting for 78.42%, and the second largest sector is stable currency, accounting for 6.48%. The distribution of the top 30 digital currency sectors is shown in the figure below:

There was no significant fluctuation in the share of Bitcoin mining pools this week

According to statistics from Dede Think Tank, a total of 958 Bitcoin blocks were mined this week. Among them, there were 7 empty blocks, accounting for 0.73%. The average mining fee and block reward accounted for 8.56%. This week, the share of the top 10 Bitcoin mining pools accounted for 94.88% of the total share. The specific share distribution of mining pools is as follows:

Weekly News Review

Industry Progress

  • Nomura Securities, Laser Digital and GMO Internet plan to issue Japanese stablecoin

  • DeFiance Capital founder: ETH price may reach $4,500 before ETH ETF launches

  • Binance sold Gopax’s Genesis asset claims at a discount, causing Gopax to lose tens of billions of won

  • EU draft considers MEV as market abuse and proposes strict regulatory standards

  • Libertarian Party Nominates Chase Oliver as Presidential Candidate, Crypto Stance Undecided

  • Binance to perform wallet maintenance on Ethereum (ETH) network on May 29

  • GraniteShares files for 25 'YieldBOOST' ETFs, seeking high income by trading options on volatile assets like Bitcoin

Investment and Financing

  • Blockchain game developer Supervillain Labs completes $4.5 million seed round, led by Aptos Labs and Intella X

  • Colombian crypto wallet company El Dorado completes $3 million seed round of financing, led by Multicoin Capital

  • Decentralized Compliance Wallet Infrastructure ZTLment Completes 2.4 Million Euros Pre-Seed Financing, with PreSeed Ventures and Others Participating

  • ZK-RaaS platform Lumoz completes strategic round of financing, IDG Blockchain and others participate

  • Fortunafi Completes $9.51 Million Strategic Seed Round with a Valuation of $48 Million, with Shima Capital and Others Joining

  • Digital market infrastructure operator Marketnode completes Series A financing, led by HSBC

  • DePIN platform XMAQUINA completes Pre-Seed round of financing, with participation from EoT Ventures and others

One-week policy review

  • South Korean media: The Ministry of Justice will crack down on market manipulation and fraud in the virtual asset market

  • Hong Kong Legislative Council Member: Hong Kong's digital RMB will expand different levels such as inter-enterprise applications and cross-border transactions

  • South African regulator FIC tightens crypto asset transfer rules with latest directive

  • Hong Kong Securities and Futures Commission: The non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 1

  • South African Central Bank decides not to publish results of its CBDC research

  • Canada expected to adopt international crypto-asset reporting framework (CARF) taxation by 2026

  • Thailand launches new 'digital nomad' visa that extends stay by nearly a year

Investment Calendar

May 27 (Monday)

  • Elon Musk's AI company xAI completes $6 billion Series B financing, with participation from a16z and others

May 28 (Tuesday)

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May 29 (Wednesday)

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May 30 (Thursday)

  • Insider: Biden campaign changes stance and begins contacting key figures in crypto industry

May 31 (Friday)

  • Grayscale Files Amended S-3 Registration Statement for Its Spot Ethereum ETF

June 1 (Saturday)

  • Bloomberg analyst: ARK will not promote Ethereum ETF at present

June 2 (Sunday)

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