Daily Quotes (May 23, 2024 20:00)
ChainDD's market data on May 23 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $69,845.18, up about 0.05% in 24 hours;
ETH was at $3,939.17, up about 6.55% in 24 hours;
BNB was at $611.41, down about 0.90% in 24 hours;
DOGE was at $0.1677, up about 1.98% in 24 hours;
DOT was trading at $7.52, down about 0.05% in 24 hours.
Cryptocurrency News
Nvidia's Q1 net profit reached US$14.88 billion, a year-on-year increase of more than 6 times, and its stock price exceeded US$1,000 after the market closed.
Nvidia reported first-quarter results on Wednesday that beat analysts' expectations, and its stock price broke through the $1,000 mark for the first time after the market closed.
Strong earnings reported Wednesday suggest demand for its AI chips remains strong. Nvidia CEO Jensen Huang said the company will generate revenue from its next-generation AI chip, Blackwell, later this year.
The company's stock price rose 7% after the market closed. Nvidia also announced that it would conduct a 10-for-1 stock split. Judging from the after-hours trend, the stock is expected to hit a new high on Thursday.
The company’s financial report showed that net profit for the quarter ending April 28 reached $14.88 billion, or $5.98 per share, more than six times the $2.04 billion in the same period last year. Adjusted earnings per share were $6.12, exceeding market expectations. Revenue was $26.04 billion, also higher than market expectations.
Nvidia said it expects fiscal second-quarter sales of $28 billion. That’s above analysts’ current expectations of $26.6 billion.
Nvidia said revenue from its data center business rose 427% from a year earlier to $22.6 billion. Nvidia Chief Financial Officer Colette Kress said in a statement that was due to shipments of the company’s Hopper graphics processors, which include the H100 GPU.
“A highlight of the quarter was Meta’s announcement of Lama 3, their latest large language model, using 24,000 H100 GPUs,” Kress said on a conference call with analysts. She added that large cloud providers account for “about 40%” of Nvidia’s data center revenue.
While the company reported that its business had tripled or more, Huang said Blackwell, the company's next-generation AI GPU, will bring more growth.
"We're going to see a lot of revenue from Blackwell this year," he said on a conference call, adding that the new chip would make its way into data centers in the fourth quarter.
Nvidia also highlighted strong sales of its networking components, which are becoming increasingly important as companies build clusters of tens of thousands of chips that need to be connected. Nvidia said its networking business had revenue of $3.2 billion, mostly InfiniBand products, more than triple the year-ago period.
Nvidia also said it repurchased $7.7 billion worth of its own stock in the first quarter and paid $98 million in dividends. The company also said it would increase its pre-split quarterly cash dividend to 10 cents per share from 4 cents. After the split, the dividend will be 1 cent per share.
South African prosecutors are pursuing the accomplices of the Bitcoin Ponzi scheme MTI and plan to bring charges including fraud and forgery
South Africa’s National Prosecuting Authority (NPA) is investigating the conspirators of Mirror Trading International (MTI), a bitcoin Ponzi scheme masterminded by the late Johann Steynberg. NPA media relations director Isaac Dludlu said the prosecution is considering several charges against those involved, including fraud and forgery.
The conspirators also face charges of violating the Organized Crime Act and the Financial Advisory and Intermediary Services Act, and many remain at large, according to local media reports. The NPA’s hunt for MTI’s co-conspirators was revealed just weeks after Steynberg “died” while under house arrest in Brazil.
BKCM CEO: Solana may become the next cryptocurrency spot ETF
BKCM CEO Brian Kelly said on CNBC that after Bitcoin and Ethereum, he speculated that Solana (SOL) might be the next cryptocurrency spot ETF.
Uniswap front-end transaction fees exceed $30 million
DefiLlama data shows that as of May 22, Uniswap front-end transaction fees (revenue) reached US$30.24 million.
The total net asset value of Bitcoin spot ETF is US$59.196 billion, and the historical cumulative net inflow has reached US$13.327 billion.
According to SoSoValue data, yesterday (May 22, Eastern Time), the total net inflow of Bitcoin spot ETFs was US$154 million, of which:
Grayscale ETF GBTC had a single-day net outflow of 16.0914 million US dollars. The current historical net outflow of GBTC is 17.628 billion US dollars.
The Bitcoin spot ETF with the largest single-day net inflow is BlackRock ETF IBIT, with a single-day net inflow of US$91.9527 million. Currently, the total net inflow of IBIT in history has reached US$16.083 billion.
The second is Fidelity ETF FBTC, with a single-day net inflow of US$74.572 million. Currently, FBTC's total historical net inflow has reached US$8.651 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$59.196 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 4.33%, and the historical cumulative net inflow has reached US$13.327 billion.
10x Research: The market is waiting for the SEC to issue a crypto investment risk warning to determine the Ethereum spot ETF approval prediction
10x Research said in its latest report that a few hours before the Bitcoin spot ETF was approved, U.S. SEC Chairman Gary Gensler posted on X that cryptocurrency investors should consider all potential risks before making any investment. Based on historical experience, a similar post may be published at about 9 am Eastern Time this morning, and will make it clearer whether the ETF is about to be approved.
Just as the SEC has previously sent warning signals before ETFs tied to cryptocurrency futures came to market, the January 2024 warning also suggests that a Bitcoin ETF will be approved.
Today, the market will be waiting for a similar "warning". However, the approval appears to be a matter of formality, as the discount on the Grayscale Ethereum Trust has narrowed from -30% a week ago to just -8%, meaning there is at least a 90% probability that the SEC will approve the ETF. The trust, with $11 billion in assets under management, is sizable and could see some investor outflows. The key question remains when these ETFs will start trading, if approved.
Nvidia’s market value once exceeded 2.5 trillion U.S. dollars, twice the market value of Bitcoin
After Nvidia’s Q1 results were released, NVDA’s stock price soared to an all-time high of just over $1,000 in after-hours trading on May 22, bringing its market value to over $2.5 trillion, exceeding the combined market capitalizations of Tesla and Amazon, and roughly twice the market value of Bitcoin and more than five times the market value of Ethereum, respectively.
Five years ago, Nvidia's market value was only $100 billion, but now it has become the world's third largest public company, only 17% away from surpassing Apple.
UniSat: Will airdrop pizza inscriptions to eligible user wallets
According to official news, UniSat announced that it will airdrop pizza inscriptions to eligible user wallets. According to the application page, addresses that have interacted with UniSat services within 3 months, addresses holding more than 500 UniSat points, addresses that have interacted in the brc20-swap module, and UniSat OG Pass holders can all obtain the inscription.
After the user applies on the page, there is no need to pay any handling fees. UniSat will send the inscription to the user's wallet after the engraving is completed.
Ethereum chain DEX transaction volume exceeded US$2.3 billion yesterday
DeFiLlama data shows that the transaction volume of Ethereum’s on-chain DEX on May 22 was US$2.312 billion, ranking first.
In addition, Solana’s on-chain DEX had a trading volume of US$1.448 billion yesterday, ranking second; Arbitrum’s on-chain DEX had a trading volume of US$858.47 million yesterday, ranking third.
Hong Kong Securities and Futures Commission is in talks to allow Ethereum ETF issuers to engage in staking
According to BBG, the Hong Kong Securities and Futures Commission is in talks to allow Ethereum ETF issuers to engage in staking.
Telegram will launch in-app currency Telegram Stars to respond to Apple App Store payment restrictions
Starting June 12, Telegram will launch a new in-app currency, Telegram Stars. Users can purchase them through Apple and Google, and then use them to pay for digital goods and services within the Telegram bot/applet.
Many developers said they received notifications about the launch of the token, and Telegram's marketing channel also released relevant news. According to the news, Apple has notified Telegram and issued a warning to it for violating Article 4.7 and Article 3.1.1 of the Application Review Rules, that is, it accepts payments and services from customers without using Apple's internal purchase mechanism.
According to reports, users will be able to buy Stars through shopping tools in the App Store and Google Play, and may be charged a 30% commission for the service. Developers will be able to withdraw the tokens in TON.