According to statistics from Dede Think Tank, as of 12:00 on May 12, 2024, there are 14,183 currencies in the global digital currency market. The total market value is $2,371,876,120,656 (about $2371.9 billion). This week, the total market value of digital currencies fell by about $83.3 billion compared to last week, a drop of about 3.39%.
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 May 12, 2024, the mainstream digital currency market had mixed gains and losses last week.
Among them, the price of BTC fell from $63,684.20 to $60,984.63, a drop of about 4.24%;
The price of ETH fell from $3,139.00 to $2,924.75, a drop of about 6.83%;
The price of BNB increased from $586.88 to $590.80, an increase of about 0.67%;
The LTC price rose from $81.29 to $81.49, an increase of about 0.25%;
The DOT price fell from $7.09 to $6.71, a drop of about 5.36%.
The SOL price increased from $145.60 to $146.54, an increase of about 0.65%.
This week, the overall market value of the top 30 digital currencies fell by 1.66% compared to last week
According to statistics from Dede Think Tank, as of 12:00 on May 12, 2024, there are 14,183 currencies in the global digital currency market. The total market value is $2,371,876,120,656 (about $237.19 billion). The total market value of digital currencies this week fell by about $83.3 billion compared to last week, a drop of about 3.39%.
The total market value of the top 30 digital currencies is $2,068,538,195,484 (approximately US$20,685 billion), accounting for approximately 87.21% of the total market value of all digital currencies, down 1.66% from last week.
BTC ranked first in market value this week, at approximately $1,201.2 billion, accounting for 58.07% of the total market value of the TOP30, down 0.23% from last week.
Ranked second is ETH, with a market value of approximately US$351.3 billion this week. The TOP30 total market value accounts for 16.98%, down 0.54% from last week.
Ranked third is USDT, with a market value of approximately US$110.8 billion this week. Its TOP30 total market value accounts for 5.36%, up 0.21% from last week.
The overall fluctuation of the cryptocurrency ranking in the TOP 30 is small. The distribution of specific cryptocurrency proportions is shown in the figure below:
The largest sector is public chain, accounting for 76.50%, and the second largest sector is stable currency, accounting for 7.37%. 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 948 Bitcoin blocks were mined this week. Among them, there were 5 empty blocks, accounting for 0.53%. The average mining fee and block reward accounted for 10.88%. This week, the share of the top 10 Bitcoin mining pools accounted for 95.03% of the total share. The specific share distribution of mining pools is as follows:
Weekly News Review
Industry Progress
Former Los Angeles mayor hired as Coinbase policy advisor
Paytm reshuffles management to grow payments and financial services
Tiger Brokers launches virtual asset trading service
OX.FUN releases new white paper, including staking, copy trading, tasks and new token economics
Community member: There is only one chance to complete the KYC of Wallet in Telegram. If you fail, you will face the risk of not being able to withdraw your money.
Bloomberg analyst: Hong Kong virtual asset ETFs have as much impact on the local market as the United States
Visa: 90% of stablecoin transactions on Ethereum, Tron, and Solana are “inorganic activities”
Investment and Financing
Taproot Assets infrastructure project BitTap completes pre-seed round of financing, led by Waterdrip Capital
Galaxis Completes $10 Million Financing, with Chainlink, Rarestone Capital and Others Participating
Botanix Labs announces $11.5 million in funding, with participation from Polychain Capital and others
Cryptocurrency market trader Arbelos completes $28 million financing, Dragonfly leads the investment
Electron Labs Completes $1 Million Seed Round of Extension Financing
Arcium, a blockchain-based confidential computing project, completes $5.5 million in strategic round of financing, with participation from Coinbase and others
Solana On-Chain Tokenization Platform AgriDex Completes $5 Million Pre-Seed Round of Funding, Led by Endeavor Ventures
One-week policy review
South Korea's Seoul Prosecutors' Office recovers and seizes 7.6 billion won worth of Ethereum
India announces successful crackdown on E-Nugget scam, seizes $10 million in crypto from exchanges
Chairman of the Russian State Duma Financial Market Committee: I do not support a complete ban on the circulation of cryptocurrencies in Russia
Hong Kong Monetary Authority launches industry consultation on “renaming virtual banks as licensed digital banks”
Argentina’s House of Representatives Passes Bill to Regularize Cryptocurrency Taxation
South Korea Submits Amendment to Donation Law to Restrict Cryptocurrency Use
India's central bank governor: CBDC will be made available offline
Investment Calendar
May 6 (Monday)
Tiger Brokers launches virtual asset trading service
May 7 (Tuesday)
Survey shows that more than 20% of voters in swing states believe that cryptocurrency is a key issue in the US election
May 8 (Wednesday)
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May 9 (Thursday)
Elon Musk's xAI is expected to complete financing as early as this week at a valuation of $18 billion
May 10 (Friday)
In April, Magic Eden’s transaction volume surpassed Blur and became the top NFT trading platform
May 11 (Saturday)
Quantitative trading firm Susquehanna International Group holds a total of $1.3 billion in Bitcoin ETFs
May 12 (Sunday)
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