● Binance user asset holdings exceed $100 billion
According to data disclosed in a post on Binance’s official blog, Binance user asset holdings exceeded 100 billion U.S. dollars. Binance stated that it holds all user funds at a ratio of 1:1, plus additional reserves, and relevant data can be used Proof of Reserve (POR) system for verification.
● CZ: Giggle Academy, a free basic education program for everyone, will be launched
Binance founder Changpeng Zhao (CZ) said on X (formerly Twitter) that an educational project called Giggle Academy will be launched soon. This project aims to provide free basic education from grade 1 to grade 12 for everyone. The core concepts include non-profit purposes, game-based learning experience and adaptive education mechanism.
● Fidelity FBTC’s net fund inflow hit a single-day record low
According to Odaily Planet Daily, monitoring by Farside Investors showed that Fidelity FBTC had a net inflow of US$5.9 million yesterday, setting a record for the lowest inflow in a single day.
● Inflows into digital asset investment products hit a record last week, reaching $2.9 billion
According to Shenzhen TechFlow, the CoinShares weekly report showed that the total inflow of digital asset investment products last week reached a record $2.9 billion, breaking the previous week's historical record of $2.7 billion. This week’s inflows have pushed year-to-date inflows to $13.2 billion, surpassing 2021’s total inflows of $10.6 billion. Ethereum, Solana and Polygon saw outflows of $14 million, $2.7 million and $6.8 million respectively.
● Solana’s market value exceeds that of Porsche
According to Odaily Planet Daily, according to 8marketcap data, Solana's market value has reached 91.85 billion U.S. dollars, an increase of 8.4% in the past 24 hours. It has now surpassed luxury car giant Porsche (market value is approximately 90.26 billion U.S. dollars) and ranks 192nd in the global asset market value rankings. Bit.
● Standard Chartered Bank analyst: Spot Ethereum ETF may be approved on May 23
According to Odaily Planet Daily, Standard Chartered Bank analyst Geoffrey Kendrick said that the spot Ethereum ETF may still be approved on May 23. If approved by then, the spot Ethereum ETF could bring in as much as $45 billion in inflows in the first 12 months.
● AI coins are booming in the crypto industry and their value is growing rapidly
According to CryptoPotato, AI coins are gaining more and more attention in the crypto industry. Bittensor (TAO) leads the AI token market with a market capitalization of over $4.5 billion. Render (RNDR) and Fetch.ai (FET) are also outstanding performing assets, rapidly growing in value, demonstrating the potential of AI in blockchain technology.
● Southeast Asia online service platform Grab supports cryptocurrency recharge
According to Odaily Planet Daily, Grab, a multi-functional online service platform in Southeast Asia, now supports cryptocurrency recharges, including BTC, ETH, XSGD, USDC and USDT.
