Daily Quotes (June 4, 2024 10:30 AM)
ChainDD's market data on June 4 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $69,112.64, up about 1.05% in 24 hours;
ETH was at $3,771.49, down about 0.89% in 24 hours;
BNB was at $628.22, up about 3.37% in 24 hours;
DOT was at $7.002, down about 1.17% in 24 hours;
DOGE was trading at $0.1592, down about 0.38% in 24 hours.
Chain Circle Dynamics
dYdX Chain software upgrade V5.0 is expected to be implemented on June 6
The dYdX Foundation posted on the X platform that the dYdX community has voted to upgrade the dYdX Chain protocol software to V5.0. The software upgrade will be executed at block 17,560,000 (estimated at 23:16 on June 6, Beijing time).
The dYdX Foundation encourages validators to prepare for this upgrade, including running Slinky sidecar V0.4.6 or newer.
Cryptocurrency News
Australia’s first Bitcoin spot ETF has officially started trading
Australia's first Bitcoin spot ETF has officially started trading. (Bitcoin Magazine)
Earlier news said that Australia's first Bitcoin spot ETF, Monochrome Bitcoin ETF (IBTC), will start trading on Tuesday.
There are already several ETP products in Australia that offer exposure to Bitcoin, but Monochrome Asset Management is the first company to be approved under the new crypto asset license category established under the 2021 Australian Financial Services (AFS) Licensing Rules.
The ETF allows the ETF to hold Bitcoin directly. Monochrome said IBTC’s assets are stored offline in devices that are not connected to the internet and use a crypto custody solution that meets “Australia’s institutional custody regulatory standards.”
The New York Stock Exchange was suspected to have a technical failure, and many stocks experienced abnormal market conditions.
The New York Stock Exchange is suspected of having a technical malfunction, with many stocks experiencing abnormal market conditions, some of which have fallen by more than 98%, and the market has remained stagnant. A spokesperson for the New York Stock Exchange said that the NYSE's stock department is investigating the technical issues in the reporting of the LULD band.
Report: Up to 88% of deep fake cases in 2023 will occur in the cryptocurrency industry
When an ad appeared on social media last week featuring videos of Lee Hsien Loong touting cryptocurrency investments with guaranteed returns for a company called Quantum AI, Lee said the videos were deepfakes that superimposed fake audio over videos of speeches he gave earlier this year.
According to a report by verification company Sumsub, up to 88% of deep fake cases occurred in the cryptocurrency industry in 2023. Between 2022 and 2023, global deep fake incidents surged 10 times, with North America and Asia Pacific topping the list.
Bitcoin spot ETFs account for 26% of BlackRock's inflows in 2024, 56% of Fidelity's inflows
Farside Investor data shows that BlackRock's IBIT and Fidelity's FBTC have seen inflows of $16.6 billion and $8.9 billion respectively since their launch nearly five months ago, accounting for 26% and 56% of BlackRock's and Fidelity's inflows, respectively.
In addition, according to Stock Analysis data, BlackRock currently owns 429 ETFs with total assets under management of $2.8 trillion, while Fidelity only owns 70 ETFs with total assets under management of $74 billion.
Uniswap founder: I agree with the view of Solana co-founder that the uncertainty of DA’s long-term value is one of the biggest problems facing Ethereum
Yesterday, Bankless held a debate between Justin Ðrake, a well-known Ethereum developer, and Anatoly Yakovenko, co-founder of Solana. In response to the views of both parties, the founder of Uniswap said that he agreed with Justin's point of view that the future transaction demand will far exceed our imagination today. The future will not be dominated by a single state machine; he agreed with Anatoly's point of view that the biggest problem facing Ethereum is the uncertainty of the long-term value of DA and the uncertainty of ETH's vision of "ultrasonic currency".
About 455,000 tokens have been created on the Solana blockchain in May
Nearly half a million tokens were launched on the Solana blockchain in May, thanks to a low barrier to entry and a surge in demand for creating popular memecoins. According to data from The Block Pro, 455,000 tokens were created on Solana in May, compared to 177,000 tokens created on Ethereum Layer 2 Base and 39,000 tokens created on the BNB chain. Less than 20,000 tokens were created on the Ethereum mainnet and Layer 2 networks Arbitrum and Optimism.
Wall Street Journal: Roaring Kitty may face ban from stock trading platform ETrade
Keith Gill, the YouTuber who helped drive GameStop Inc.’s stock surge, may be removed from retail stock trading platform ETrade. ETrade, owned by investment giant Morgan Stanley, has “growing concerns that his recent purchases of GameStop (GME) shares may represent stock manipulation,” according to people familiar with the matter. ETrade appears to be considering halting Kitty’s trading amid a new surge of activity in GME. According to a Reddit post, if his latest bet — that GME stock will be worth more than $20 on June 21 — proves to be true, he stands to make a ton of money. Those who follow him will benefit, too.
Morgan Stanley has hired its financial crimes unit and outside consultants on the matter, but the firm knows that taking action would mean "attracting the attention of his meme army," and Morgan Stanley employees are also concerned that shutting down Kitty's account could cause the firm to lose ETrade clients. According to investment tracker @unusual_whales on Twitter, RoaringKitty accounts grew 48%, or about $85 million, today alone.
