Daily Quotes (May 20, 2024 10:20 AM)
ChainDD's market data on May 20 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $66,698.17, down about 0.47% in 24 hours;
ETH was at $3,089.85, down about 1.30% in 24 hours;
BNB was at $576.65, down about 0.74% in 24 hours;
DOT was at $6.99, down about 2.53% in 24 hours;
DOGE was trading at $0.1516, down about 2.48% in 24 hours.
Chain Circle Dynamics
LayerZero Co-Founder: The witch reporting process will be reopened soon, and the submission method will be changed and "bond" will be introduced
LayerZero co-founder and CEO Bryan Pellegrino posted on the X platform that the Bounty process will be reopened in the next day or two, and the report submission method will be changed to solve the problem of Sybil reports being deleted on Github. In addition, a "bond" mechanism will be introduced (the amount may be about 0.02 ETH).
Cryptocurrency News
Since the listing of 10 US spot Bitcoin ETFs, about 548,556 BTC have been accumulated, with a value of more than 36 billion US dollars
Since listing in January 2024, the 10 new Bitcoin spot ETFs in the United States have accumulated 548,556.62 BTC, worth $36.71 billion. In addition, Grayscale GBTC currently holds 288,954.39 BTC. These 11 funds (GBTC, IBIT, FBTC, ARKB, BITB, HODL, BRRR, BTCO, BTCW and DEFI) hold a total of 837,511.01 BTC, worth $56.05 billion, accounting for 4.25% of the current 19.7 million BTC circulation supply.
Excluding GBTC, BlackRock IBIT leads with 276,190.03 BTC, followed by Fidelity FBTC, which holds 156,772.30 BTC. As of May 19, 2024, Ark Invest and 21share's ARKB hold a total of 47,230 BTC, and Bitwise BITB holds 35,749.04 BTC. VanEck HODL is the fifth largest holder besides GBTC, with 9,587.63 BTC.
Valkyrie BRRR holds 8,561.29 BTC, while Invesco BTCO holds 6,977 BTC. Franklin Templeton's EZBC follows closely behind, holding 6,148 BTC, while Wisdomtree's BTCW holds approximately 1,163.02 BTC. Hashdex spot Bitcoin ETF DEFI holds the least, at 178.3 BTC.
In addition to the US spot Bitcoin ETF, three spot Bitcoin ETFs from Hong Kong bought a total of 4,063.6 BTC, of which China Asset Management held 1,950 BTC, Bosera Hashkey Fund held 1,119 BTC, and Harvest Fund held 994.6 BTC.
President of The ETF Store: SEC may approve Ethereum spot ETF 19b-4 filing this week
Nate Geraci, president of The ETF Store, posted on the X platform that the SEC will make a decision on the Ethereum spot ETF application this week. It must approve both the 19b-4 (trading rule changes) and S-1 (registration statement) documents before the ETF can be launched.
Technically, it’s possible that the SEC could approve 19b-4s and then slow down S-1 approvals (especially given its reported lack of recent engagement).
The Fed's balance sheet has fallen to around $7.3 trillion
According to the Fed's official website, as of May 14, the Fed's balance sheet has dropped to around $7.3 trillion, now at $7.304 trillion. The cumulative reduction since May is about $58.2 billion.
Bitcoin ETFs have a total asset management scale of nearly $54 billion
According to Coinglass data, the total assets under management of Bitcoin ETFs reached US$53.967 billion. Among them, the top three Bitcoin ETFs in terms of asset management scale are: GBTC with an asset management scale of US$19.373 billion; IBIT with an asset management scale of US$17.243 billion; and FBTC with an asset management scale of US$9.9 billion.
Former CFTC Chairman: Trump is the first crypto president in the United States
Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), recently highlighted the key role of former U.S. President Donald Trump in the cryptocurrency industry. At the Crypto Policy Summit in Washington, D.C., Giancarlo called Trump "America's first crypto president." The title stems from the Trump administration's approval of Bitcoin futures in its first year in office.
He also stressed the importance of approving Bitcoin futures during the Trump administration: “The enduring success of this regulated futures market helps ensure that the world’s first digital commodity — Bitcoin — is priced in U.S. dollars,” he said, emphasizing the importance of Bitcoin to the future of digital assets.
Giancarlo further noted that in 2017, cryptocurrency was not a political issue as he and other CFTC commissioners were “unanimous in their support for regulatory innovation.” However, it has now become a political topic.
Earlier this month, Trump met with cryptocurrency enthusiasts and announced his decision to accept cryptocurrencies as campaign donations. He also claimed that President Joe Biden "doesn't even know" what cryptocurrencies are and declared that "if you support cryptocurrencies, you better vote for Trump."
