Daily Coin News Interpretation
Viewpoint: Stablecoins will exceed Visa in total payment volume in the second quarter
Banana Capital investor Turner Novak posted on the X platform that there is a view that stablecoins will exceed Visa in total payment volume in the second quarter. Personal opinion interpretation: In a few years, the public will slowly buy stablecoins ten times the current amount
Arbitrum One's ETH deposit inflow accounts for 75% of the L2 network
On May 5, according to Spencer Noon, founder of the on-chain analysis platform OurNetwork, posted on the X platform that as of April 28, Arbitrum One had accumulated $5.2 billion worth of ETH deposits, reaching a record high. The platform has a balance of 1.74 million ETH, which exceeds the sum of other EVM chains. Data from CEX also shows that Arbitrum One is the main second-layer (L2) network for ETH deposits, and as of May 2024, its deposit inflows account for 75% of all L2 networks. Personal opinion interpretation: UNI ARB with high value but no increase .................
NEAR's TVL reached 335 million US dollars in the first quarter, a month-on-month increase of 163%. On May 5, Messari researcher Nick Garcia published an article on the X platform, pointing out that NEAR Protocol performed outstandingly in the first quarter of 2024, with its total locked value (TVL) reaching 335 million US dollars, a month-on-month increase of 163% and a 547% increase over the previous six months. The number of daily active addresses reached 1.2 million, a month-on-month increase of 42% and a 377% increase over the previous six months. In addition, NEAR's stablecoin market value increased by 176% month-on-month to 214 million US dollars. The total number of NEAR accounts has exceeded 100 million. Personal opinion interpretation: NEAR's strength is due to AI expectations
Dynamic modular service platform Crestal announced the completion of a $2 million Pre-Seed round of financing, with participation from MH Ventures, Cogitent Ventures and NxGen. The new funds will be used to accelerate the construction of modular services.
On May 5, Amphor, a DeFi protocol incubated by hedge fund MEV Capital, announced the completion of a $4 million seed round of financing, with more than 80 angel investors in the crypto industry participating. The project aims to use algorithms and on-chain technology solutions to simplify the investment of ordinary investors in the DeFi field. Its specific valuation data has not yet been disclosed. Personal opinion interpretation: Ethereum-related tracks will still be powerful in the future. Summary: There is no destructive negative news. Bitcoin 56,600 is likely to be the bottom area of the third historical bottoming. At present, it is likely that the Shanzhai April 14th is the historical bottom area. Bitcoin 56,500 is likely to be the bottom area;24 years is the initial stage of the bull market of Bitcoin and Ethereum. Every plunge is an opportunity.
BTC May 6 short-term data
Bitcoin
Support level: 63000 62000
Pressure level: 64800 66700
Ethereum
Pressure level: 3180 3250
Support level: 3100 3050
