Daily Quotes (09:20 am, February 6, 2024)
ChainDD's market data on February 6 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $42,443.56, down about 1.29% in 24 hours;
ETH was at $2,279.38, down about 1.07% in 24 hours;
BNB reported $303.36, up about 1.33% in 24 hours;
DOT was at $6.81, down about 1.50% in 24 hours;
DOGE was trading at $0.07784, down about 1.29% in 24 hours.
Chain Circle Dynamics
Judge supports SEC's request, orders Ripple to submit financial documents
A U.S. district judge has ordered Ripple to provide additional information about the company’s financials and institutional sales of XRP, a victory for the Securities and Exchange Commission (SEC).
The regulator sued Ripple more than three years ago for what it said was unregistered sales of XRP. Last year, U.S. District Court Judge Analisa Torres of the Southern District of New York ruled that sales of XRP to institutional investors were illegal securities sales, but "blind auction" sales to retail investors were not.
On Monday, the court granted the SEC's motion requiring Ripple to provide more information so that the court can determine the appropriate penalty. The company must provide financial statements for 2022-2023 and the contracts governing XRP institutional sales; it must also answer questions about the amount of revenue it received from XRP institutional sales.
Fox reporter: US SEC wins mandatory motion to force Ripple to submit its financial reports, etc.
Fox reporter Eleanor Terrett posted on social media that the U.S. Securities and Exchange Commission (SEC) won a motion to force Ripple to submit its 2022-2023 financial statements, contracts following regulators' complaints about the sale of XRP, and questions about the amount of XRP institutional sales revenue it received.
Cryptocurrency News
Report: Web3 industry financing totals $9.13 billion in 2023, down 68.8% year-on-year
According to the "2023 Web3 Industry Development Research Report and Annual List" released by RootData, the total financing amount of the Web3 industry in 2023 was US$9.13 billion, a decrease of 68.8% from 2022, and the number of financings was 1,174, a decrease of 35.9% from 2022.
Among them, the ten projects with the highest financing amount are Phoenix Group, Ramp, Wormhole, Swan, LINE NEXT, Blockstream, LayerZero, Worldcoin, Arkon Energy, and Blockchain.com, all of which are over 100 million US dollars.
The ten venture capital firms with the largest number of investments are HashKey Capital, DWF Labs, Big Brain Holdings, Coinbase Ventures, Polygon Ventures, a16z Crypto, Animoca Brands, Binance Labs, Shima Capital, and NGC Ventures, all with 29 investments or more.
Total NFT sales on BNB Chain surpassed $300 million
According to the latest data from CryptoSlam, the total sales of NFTs on the BNB Chain has exceeded US$300 million, currently reaching US$300,266,607. The total number of transactions on the chain is approximately 7.748 million, of which the number of NFT buyers on the chain exceeds 1.058 million and the number of sellers is approximately 1.219 million.
Data: The cumulative trading volume of spot Bitcoin ETF has exceeded 30 billion US dollars
According to data from The Block, as of February 2, the cumulative trading volume of US spot Bitcoin ETFs has exceeded US$30 billion.
Earlier news, according to BitMEX Research data monitoring, the US Bitcoin spot ETF had a net inflow of 32,002.7 BTC, equivalent to US$1.459 billion, within 17 trading days after its launch.
U.S. Treasury Secretary Yellen will warn of risks associated with cryptocurrencies and recommend that Congress legislate to regulate the spot markets for stablecoins and non-securities crypto assets.
U.S. Treasury Secretary Janet Yellen will appear before the House Financial Services Committee on Tuesday to explain the latest work of the Financial Stability Oversight Council (FSOC).
According to a brief excerpt of Yellen's testimony released on Monday, she will tell Congress that the crypto industry poses several potential dangers to the financial system, including the perils of stablecoins, runs on crypto platforms and price volatility.
It is reported that FSOC is an organization composed of heads of US financial institutions led by Yellen. The committee aims to prevent the next financial crisis and has paid special attention to crypto risks in recent years, listing it as the top category of potential concerns.
“The committee is focused on digital assets and related risks, such as runs on crypto-asset platforms and stablecoins, potential vulnerabilities in crypto-asset price volatility, and the proliferation of platforms that do not comply with or adhere to applicable laws and regulations,” Yellen said in her testimony.
Yellen also said that she will continue to work with Congress to develop crypto legislation. "Applicable rules and regulations should be enforced, and Congress should pass legislation to regulate the spot markets for stablecoins and non-securities crypto assets."
