Headlines
▌Total market value of cryptocurrencies exceeds $2.5 trillion
Data shows that the total market value of cryptocurrencies has exceeded 2.5 trillion US dollars, currently at 2.568 trillion US dollars, with a 24-hour increase of 0.7% and a 24-hour trading volume of 45.7863 billion US dollars. Currently, BTC has a market share of 51.1% and ETH has a market share of 16.8%.
▌Rune's market value fell below the $1.9 billion mark
According to Geniidata data, Rune's market value fell to US$1.88 billion, a drop of 0.02%. Today, Rune's total transaction volume fell to US$5.63 million, a decrease of 12.92% from yesterday. In addition, the unit price of Rune DOG•GO•TO•THE•MOON was US$0.0073, and the daily trading volume fell to US$741,600, and its market value fell to US$711 million.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $66,617.42, with a daily change of +0.6%;
ETH's latest transaction price is $3,618.94, with a daily change of +0.49%;
BNB's latest transaction price is $603.20, with a daily change of +1.5%;
SOL's latest trading price is $151.05, with a daily change of +3.9%;
DOGE’s latest trading price is $0.137, with a daily change of +0.2%;
XPR’s most recent trading price was $0.4888, with a daily change of -0.4%.
policy
▌El Salvador government proposes to include Bitcoin and other cryptocurrencies in its investment banking industry
The government of El Salvador has proposed an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies into its investment banking industry. Banking law reforms submitted to the National Congress would allow private investors to form banks that would offer Bitcoin and stablecoin services to sophisticated investors.
If passed, the initiative would allow the creation of these banks that could offer different services, including economic risk management, purchase of financial products, investment management, hedging and other financial derivatives. These services would support any fiat currency in El Salvador, such as the U.S. dollar and Bitcoin. In addition, the bill explicitly supports stablecoin-based instruments, opening the door to crypto-based investment vehicles. Nevertheless, the requirements for establishing a private investment bank are high: these companies must have $50 million in capital at the time of their inception.
Additionally, the banks will not serve all Salvadorans, as their services will be focused on "professional investors," who must prove they have at least $250,000 in assets and pass a knowledge test for the bank, or prove they have $500,000 in assets.
Blockchain Applications
dYdX v4 now available on iOS and Android
dYdX said on the X platform that dYdX v4 is now available on iOS and Android.
Cryptocurrency
▌The number of crvUSD minted reached 131 million
Data from the Curve website shows that the number of Curve's native stablecoin crvUSD minted exceeds 131 million, and as of press time, it is 131,341,895. Among them, the collateral value based on WBTC is US$83.69 million, the collateral value based on wstETH is US$48.98 million, the collateral value based on ETH is US$69.88 million, and the collateral value based on sfrxETH V2 is approximately US$18.94 million.
▌BASE network locked funds are currently $1.677 billion
According to DefiLlama data, the TVL of the BASE network is now $1.677 billion, with a 24-hour increase of 1.73%. The top three TVL rankings of ecological protocols are as follows:
Aerodrome’s TVL reached US$627 million, with a 7-day drop of 8.45%;
Compound V3 TVL reached US$324 million, with a 7-day drop of 13.95%;
Extra Finance’s TVL reached US$112 million, down 5.55% in 7 days.
Solana blockchain TVL currently stands at $4.337 billion
According to the latest data from CoinGecko, the current total locked value (TVL) of the Solana blockchain is US$4,337,176,423, a 24-hour increase of 0.5%; the 24-hour trading volume is US$880,331,379, a decrease of 4.7%.
▌1276.01 BTC flowed into exchange wallets in the past 24 hours
According to the latest data, 1,276.01 BTC flowed into exchange wallets in the past 24 hours, 16,606.12 BTC flowed out of exchange wallets in the past 7 days, and 94,243.42 BTC flowed out of exchange wallets in the past 30 days. As of press time, the total balance of exchange wallets is 2,474,886.97 BTC.
Floki will release information about the trading robot on the mainnet version in the next few days
The closed beta period for the Floki trading bot has officially ended. The closed beta period lasted three weeks, from May 27th to June 14th, 2024. Floki will release more information about the trading bot when it releases the public mainnet version in the coming days.
The Floki trading bot will use Floki as its primary utility token, and 50% of the bot’s trading fees will automatically buy and burn Floki tokens.
Important economic developments
▌CME Fed Watch: The probability of the Fed keeping interest rates unchanged in August is 87.6%
According to CME's "Fed Watch" data, the probability that the Federal Reserve will keep interest rates unchanged in August is 87.6%, and the probability of raising interest rates by 25 basis points is 12.4%.
Golden Encyclopedia
What is an inverse futures contract?
An inverse futures contract is a financial arrangement that requires the seller to pay the buyer the difference between the agreed price and the current price when the contract expires. Unlike traditional futures, the seller benefits from a fall in price.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
