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The price of BTC is 63,074 USD, up 3.07% from yesterday. The market value of BTC is 1.24T USD, accounting for 55.3% of the total market value; the 24-hour trading volume of BTC is 16.18B USD, accounting for 22.2% of the total trading volume.
The price of ETH is 3,036.2 USD, up 2.09% from yesterday; the market value of ETH is 364.67B USD, accounting for 16.2% of the total market value; the 24-hour trading volume of ETH is 10.79B USD, accounting for 14.8% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 71.5% of all cryptocurrencies, and their combined trading volume accounts for 37% of all trading volume.
After reviewing the overall cryptocurrency market situation, we turn our attention to the top five tokens that have seen the largest gains today:
The top five gainers were:
The one with the highest increase is Doland Tremp. As of 23:55 today, its market value is 54.59M and its price is 0.54600 USD, which has increased by 75.4% in 24 hours.
The second place is Lybra Finance. As of 23:55 today, its coin price is 0.33700 USD, an increase of 53.2% in 24 hours.
The third place is Turbo. As of 23:55 today, its price is 0.00095078 USD, an increase of 40.3% in 24 hours.
The fourth place is Vertex Protocol. As of 23:55 today, its coin price is 0.17680 USD, up 34.3% in 24 hours.
Serum ranks fifth. As of 23:55 today, its price is 0.057200 USD, an increase of 34.2% in 24 hours.
Next, let’s take a look at the industry performance of the cryptocurrency market.
According to sosovalue data, out of 16 industries, 16 rose and 0 fell. It is worth mentioning that SocialFi, DePIN and Meme industries.
Relative to UTC 0 time, the SocialFi sector rose by 9.96%, with TON (11.3%), MOON (6.72%) and KIN (5.59%) leading the gains.
The DePIN sector rose 6.32% relative to UTC 0 time, with LPT (22.3%), NOS (18%) and SHDW (14.6%) leading the gains.
The meme sector rose 6.04%, led by TURBO (42.3%), POPCAT (20%), and PEOPLE (17.3%).
Let’s take a quick look at today’s Crypto news worth noting:
1. First up: Canadian regulators fined Binance, the world's largest cryptocurrency exchange, $4.3 million for violating financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) found that Binance failed to register as a foreign money service business and failed to report more than 5,900 cryptocurrency transactions over $10,000, as well as the required KYC information. These violations were discovered through blockchain browser tools. The fine adds to the regulatory challenges facing cryptocurrency exchanges around the world.
Related Coins: $BNB
2. VanEck, a well-known investment management company, has launched a new MemeCoin Index, which was announced by Matthew Sigel, the company's head of digital asset research. The index includes six popular tokens: DOGE, SHIB, PEPE, WIF, FLOKI and BONK, with a maximum allocation of 30% for each token. Sigel emphasized on the X platform that this index is only for entertainment purposes.
Related currencies: $DOGE, $SHIB, $PEPE, $WIF, $FLOKI, $BONK
3. After 11 consecutive weeks of outflows, Grayscale Bitcoin Trust ETF (GBTC) finally achieved $63 million in new cash growth. In January of this year, the approval of the competitor's spot Bitcoin ETF led many investors to cash out, which had an impact on the entire cryptocurrency field.
Related Coins: $BTC
4. DCG released its first quarter financial report on May 10, showing that its annual revenue increased by 51% year-on-year, reaching a total revenue of $229 million. This growth was mainly driven by the rise in cryptocurrency prices. In addition, the revenue of Grayscale, DCG's largest subsidiary, remained at $156 million, the same as the previous quarter.
Related Coins: $BTC
5. Former US President Donald Trump has announced his intention to accept cryptocurrency donations to support his campaign in the upcoming US presidential election in November 2024. Trump has taken a new approach to cryptocurrencies, which is in stark contrast to President Joe Biden's administration, which he criticized as hostile to the field. Trump emphasized his commitment to retaining US cryptocurrency businesses, arguing that if cryptocurrency is to be accepted, then it must remain in the United States. He also mentioned the "Jeo Boden" meme coin, which rose more than 45% in value after he mentioned it, although he expressed doubts about its value. Avichal Garg, co-founder of Electric Capital, praised Trump's shift in attitude towards cryptocurrencies, arguing that if Biden and the Democratic Party continue to maintain their anti-cryptocurrency stance, then this could change the perception of cryptocurrencies. Trump's previous engagement with cryptocurrencies included the launch of an NFT collection, from which he received royalties and a portion of the proceeds from secondary market trading volume.
Related coins: $BTC, $TRUMP
6.Ethereum co-founder Joseph Lubin criticized the U.S. Securities and Exchange Commission (SEC) for hindering innovation in the cryptocurrency industry by reclassifying Ether as a security and conducting strategic enforcement actions instead of open discussions. ConsenSys, the company behind MetaMask, has filed a lawsuit against the SEC after receiving the Wells Notice, hoping to get a clear answer from the U.S. court. Lubin believes that the SEC's actions create uncertainty and may force companies to move overseas, which will have a significant impact on the technology and cryptocurrency landscape in the United States. He also emphasized the possible transformation of the banking industry through decentralized finance, which he believes the SEC is trying to curb.
Related Coins: $ETH
7. AgriDex, a tokenized platform for the Solana ecosystem led by Endeavor Ventures, has completed a $5 million financing round. Other investors in this round include African Crops Limited, Oldenburg Vineyards, and Hank Oberoi, a former executive at Goldman Sachs and Citadel. AgriDex plans to launch its platform and token AGRI in the third quarter of this year, aiming to tokenize agricultural products and support the trading of these tokenized commodities. Every transaction on AgriDex is represented by a non-fungible token (NFT), which records all products, prices, payments, and other details. This financing completed equity financing at a valuation of $18 million. As part of the transaction, Bill Cunningham, co-founder and CEO of Endeavor Ventures, has joined the board of directors of AgriDex.
Related currency: $SOL
8. Ripple and XRP Labs have joined the Decentralized Recovery (DEREC) Alliance, a digital asset recovery protocol founded by the Algorand Foundation and Hedera developer Swirlds Labs. The goal of the DEREC Alliance is to provide an open source process to accelerate the recovery of digital assets and develop a new interoperable recovery standard for ordinary users. Other members of the alliance include Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, Hashgraph Association, HBAR Foundation and Revive Labs.
Related Coins: $XRP
10. Despite the discovery of market manipulation, controversy within Binance prevented a ban on DWF Labs. After the team leader was fired, the regulatory team was reorganized and several investigators were either fired or left voluntarily. The controversy stems from DWF Labs being accused of manipulating YGG and six other tokens, an act that was initially discovered by Binance's monitoring team but later questioned by other departments within Binance. Binance has denied recent allegations of market manipulation by DWF Labs, which were initially made in September 2023. An anonymous source told the Wall Street Journal that Binance investigators discovered that DWF Labs had conducted $300 million in wash trading in 2023. Binance has taken a hard line on market manipulation, emphasizing its strong market monitoring program, which has already disqualified nearly 355,000 users for violating its terms of use. The exchange also noted that an independent investigation by Inca Digital found minimal signs of abnormal trading activity on the Binance platform. DWF Labs, a Web3 investment and market-making firm, has come under scrutiny after being accused by algorithmic trading firm Wintermute and others of manipulating the price of the Yield Guild Game (YGG) token and other cryptocurrencies. DWF Labs co-founder Andrei Grachev has denied the allegations.
Related currencies: $BNB, $YGG
#BTC走势分析 #ETH #BTC #山寨币热点
