According to statistics from Dede Think Tank, as of 12:00 on June 23, 2024, there are 14,791 currencies in the global digital currency market. The total market value is $2,476,481,743,452 (about $247.65 billion). This week, the total market value of digital currencies fell by about $64.1 billion compared to last week, a drop of about 2.52%.

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 23, 2024, the mainstream digital currency market was down across the board last week.

Among them, the price of BTC fell from $66,143.57 to $64,394.10, a drop of about 2.64%;

The price of ETH fell from $3,556.98 to $3,519.12, a drop of about 1.06%;

The price of BNB fell from $603.98 to $592.15, a drop of about 1.96%;

The LTC price fell from $79.52 to $74.72, a drop of about 6.04%;

The DOT price fell from $6.17 to $5.77, a drop of about 6.48%.

The SOL price dropped from $143.35 to $134.81, a drop of about 5.96%.

The overall market value of the top 30 digital currencies this week increased by 0.41% compared to last week.

According to statistics from Dede Think Tank, as of 12:00 on June 23, 2024, there are 14,791 currencies in the global digital currency market. The total market value is $2,476,481,743,452 (about $2476.5 billion). This week, the total market value of digital currencies fell by about $64.1 billion compared to last week, a drop of about 2.52%.

The total market value of the top 30 digital currencies is $2,190,508,121,196 (approximately US$219.05 billion), accounting for approximately 88.45% of the total market value of all digital currencies, an increase of 0.41% compared to last week.

BTC ranked first in market value this week, at approximately $1,269.6 billion, and the TOP30 total market value accounted for 57.96%, down 0.33% from last week.

Ranked second is ETH, with a market value of approximately US$430.3 billion this week. The TOP30 total market value accounts for 19.64%, up 0.53% from last week.

USDT ranked third with a market value of approximately US$112.9 billion this week. Its TOP30 market value accounted for 5.15%, 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 78.89%, and the second largest sector is stable currency, accounting for 6.89%. 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 1,010 Bitcoin blocks were mined this week. Among them, there were 2 empty blocks, accounting for 0.20%. The average mining fee and block reward accounted for 6.65%. This week, the share of the top 10 Bitcoin mining pools accounted for 91.24% of the total share. The specific share distribution of mining pools is as follows:

Weekly News Review

Industry Progress

  • Onyx Protocol v3 white paper will be released on August 1st, and its L3 chain will be launched at the same time

  • Research: Memecoin market could see a surge in institutional investors

  • Vitalik: Off-chain ZK applications underestimate the potential of using STARKs

  • ZK's market value exceeded US$935 million on its first day of listing, and its fully diluted value was approximately US$5.3 billion

  • Ethena Labs Updates ENA Token Economics and Will Pilot Universal Restaking Module with Symbiotic and LayerZero

  • Fairshake, a U.S. crypto PAC, spends $2 million on attack ads targeting New York lawmakers

  • Nvidia becomes the world's most valuable stock

Investment and Financing

  • Spanish family fund Kfund receives 70 million euros in fundraising commitments, plans to invest in blockchain, AI and other technology fields

  • Insider: Lens Protocol seeks to raise $50 million at a $500 million valuation

  • Liquidity re-pledge agreement Renzo completes $17 million financing

  • Blockchain ticketing platform EventCHI completes over 1.6 million euros in seed round financing

  • Jump Crypto Donates $10 Million to US Lobbying Group PAC

  • Derivatives DEX ZKX completes $7.6 million in strategic financing, with investors including Flowdesk, GCR, etc.

  • LayerZero Launches Proof of Donation Claiming Mechanism and Donates $18.5 Million to Protocol Guild

One-week policy review

  • South Korea to review 600 cryptocurrencies listed on local exchanges and strengthen scrutiny

  • South Korea launches $14.5 million blockchain support program involving CBDC project

  • Brazil’s tax authorities will require foreign cryptocurrency exchanges to provide business information

  • North Dakota Revokes Binance.US Money Transmitter License

  • Ecuador plans to launch World ID verification service

  • Nigerian High Court dismisses Binance executive detention lawsuit

  • Argentine President: Currencies will compete freely, there will be no problem using Bitcoin

Investment Calendar

June 17 (Monday)

  • CoinShares: $600 million outflow from digital asset investment products last week

June 18 (Tuesday)

  • South Korea FSC: Will not directly participate in token inspection and delisting process

June 19 (Wednesday)

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June 20 (Thursday)

  • VanEck Bitcoin ETF now listed on ASX

June 21 (Friday)

  • Coinbase Becomes First Solana ETP Custodian in North America, Plans to Introduce Solana Staking to ETP

June 22 (Saturday)

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June 23 (Sunday)

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