According to statistics from Dede Think Tank, as of 12:00 on August 11, 2024, there are 15,034 currencies in the global digital currency market. The total market value is $2,236,713,552,699 (about $223.67 billion). This week, the total market value of digital currencies fell by about $15.9 billion compared to last week, a drop of about 0.71%.

The global mainstream digital currency market saw mixed gains and losses last week

According to statistics from Dede Think Tank, as of 12:00 on August 11, 2024, the mainstream digital currency market had mixed gains and losses last week.

Among them, the price of BTC rose from $60,854.74 to $61,155.84, an increase of about 0.49%;

The price of ETH fell from $2,914.27 to $2,663.22, a drop of about 8.61%;

The price of BNB increased from $527.18 to $531.66, an increase of about 0.85%;

The LTC price fell from $65.00 to $61.80, a drop of about 4.92%;

The DOT price fell from $4.96 to $4.77, a drop of about 3.83%.

The SOL price increased from $143.84 to $155.73, an increase of about 8.27%.

This week, the overall market value of the top 30 digital currencies increased by 0.08% compared to last week.

According to statistics from Dede Think Tank, as of 12:00 on August 11, 2024, there are 15,034 currencies in the global digital currency market. The total market value is $2,236,713,552,699 (about $223.67 billion). This week, the total market value of digital currencies fell by about $15.9 billion compared to last week, a drop of about 0.71%.

The total market value of the top 30 digital currencies is $2,008,408,351,483 (approximately US$20,084 billion), accounting for approximately 89.79% of the total market value of all digital currencies, an increase of 0.08% compared to last week.

BTC ranked first in market value this week, at approximately $1,207.1 billion, accounting for 60.10% of the total market value of the TOP30, up 0.66% from last week.

Ranked second is ETH, with a market value of approximately US$320.1 billion this week. The TOP30 total market value accounts for 15.95%, up 1.39% from last week.

Ranked third is USDT, with a market value of approximately US$115.7 billion this week. Its TOP30 total market value accounts for 5.76%, up 0.09% from last week.

The overall fluctuation of the cryptocurrency ranking in the TOP 30 is small. The specific distribution of cryptocurrency is shown in the following figure:

The top 30 digital currencies by market value this week are divided into public chains, platform coins, stablecoins, tokens, DeFi and other fields.

The largest sector is public chain, accounting for 77.41%, and the second largest sector is stable currency, accounting for 7.74%. The distribution of the top 30 digital currency sectors is shown in the figure below:

There was no significant fluctuation in the share of Bitcoin mining pools this week

According to statistics from Dede Think Tank, a total of 951 Bitcoin blocks were mined this week. Among them, there were 2 empty blocks, accounting for 0.21%. The average mining fee and block reward accounted for 1.91%. This week, the top 10 Bitcoin mining pools accounted for 94.95% of the total share. The specific mining pool share distribution is as follows:

Weekly News Review

Industry Progress

  • 10x Research: Based on stock-to-flow analysis, the predicted high point of Bitcoin cycle is $62,000

  • Australian shares post biggest one-day drop since June 2022

  • Buffett's Berkshire Hathaway's cash reserves exceed Ethereum's market value

  • Binance Payment will gradually stop supporting Pay ID

  • Japan stocks suffer worst losses since 1987

  • Australian shares plunge 3.6%, worst performance of 2020

  • Musk reopens lawsuit against OpenAI and its CEO Sam Altman

Investment and Financing

  • Decentralized cross-asset marketplace Mesh.trade raises $1.64 million in funding

  • Blockchain gaming infrastructure provider Cartridge completes $7.5 million Series A financing

  • RWA ecosystem Zoth completes $4 million strategic financing, with TaisuVentures and others participating

  • Rewards management platform Kiln completes $2.5 million seed round of financing, led by Ethereal Ventures

  • UniWorlds, a blockchain gaming infrastructure provider, completes seed round financing, led by Unisat

  • OneMedNet Completes $4.6 Million Private Funding, $1.8 Million of Which Was Used to Purchase Bitcoin

  • AI video creation platform Reforged Labs receives $3.9 million in funding

One-week policy review

  • Japanese government bond futures trigger circuit breaker mechanism

  • Hezbollah announces drone strikes on military targets in northern Israel

  • South Korea's ChiNext Index plunged 8% and triggered the circuit breaker mechanism

  • Türkiye's stock market triggers market-wide circuit breaker after opening

  • Brazilian police dismantle PCC drug gang’s cryptocurrency money laundering scheme

  • US lawmakers propose expanding Secret Service powers to combat cryptocurrency crime

  • Bank of Japan Deputy Governor: Bank of Japan will not raise interest rates if market is unstable

Investment Calendar

August 5 (Monday)

  • Justin Sun denies leveraged positions were liquidated

August 6 (Tuesday)

  • Strategy Testing 01 | OKX and AICoin Research Institute: Fixed Investment Strategy

August 7 (Wednesday)

  • X platform was exposed to be testing payment services: involving transactions, balances and transfers, etc.

August 8 (Thursday)

  • Donald Trump Jr.: We are about to shake up the crypto world, DeFi is the future

August 9 (Friday)

  • 【X space|Ethereum ETF market outlook: Has the market entered a new stage?】ZK may not be able to become the next Ethereum super ecosystem, does Solana have a chance to overtake?

August 10 (Saturday)

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August 11 (Sunday)

  • Robinhood, Coinbase, Others Oppose CFTC Regulation of Political Prediction Markets