Daily Quotes (20:45, April 14, 2024)
ChainDD's market data on April 14 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $64,537.82, down about 4.35% in 24 hours;
ETH was at $3,050.59, down about 6.97% in 24 hours;
BNB reported $555.82, down about 6.79% in 24 hours;
DOGE was at $0.1538, down about 10.81% in 24 hours;
DOT was trading at $6.65, down about 8.03% in 24 hours.
Chain Circle Dynamics
The lending positions of Curve founders on various platforms have entered a dangerous range, and the health rate has dropped to around 1.1
According to on-chain analyst Ember, as the market fell in the past two days, the price of CRV also fell to $0.42. Curve founder Michael Egorov's lending position also entered the red line again.
Michael currently has 371 million CRV (about 156 million USD) pledged on 6 lending platforms through 5 addresses to borrow 92.54 million USD of stablecoins. Due to the drop in CRV price, Michael's lending positions on various platforms have now entered the danger zone again. The lending health rate of multiple positions has dropped to around 1.1 (i.e., if the CRV price continues to drop by 10% without replenishment or repayment, liquidation will begin).
In August last year, in order to avoid liquidation caused by the decline in CRV prices, Michael sold 159.4 million CRV to 33 investors/institutions in an over-the-counter (OTC) transaction in exchange for 63.76 million U stablecoins to repay the loan at a selling price of US$0.4.
Compound passed Proposal 238 to support cUSDCv3 on Optimism
The Compound governance page shows that Proposal 238 has been voted through and is expected to be implemented within three days.
According to the proposal, the Compound Growth Program (AlphaGrowth) intends to deploy Compound II to the Optimism network, and also recommends taking necessary governance steps to initialize the USDC market of Compound III on Optimism, after which cUSDCv3 will be available for use.
Cryptocurrency News
Bitcoin futures open interest fell to $32 billion, down 9.6% in the past 24 hours
According to Coinglass data, current Bitcoin contract holdings have dropped to $32.141 billion, down 9.6% in the past 24 hours.
The total market value of stablecoins increased by 0.96% in the past week to $156.3 billion
According to DefiLlama data, the total market value of stablecoins reached 156.346 billion US dollars, an increase of 0.96% in the past week. Among them, UDST has a market share of 68.92%.
HKEX spokesperson: Bitcoin and Ethereum ETFs will promptly inform the market of any new developments
Hong Kong may launch spot exchange-traded funds (ETFs) for Bitcoin and Ethereum as early as next Monday (April 15).
Bloomberg reported, citing people familiar with the matter, that the international subsidiary of China Harvest Fund Management Co., Ltd., as well as the joint project between the international subsidiary of China Bosera Fund Management and HashKey Capital, are expected to obtain issuance licenses for Hong Kong Bitcoin and Ethereum spot exchange-traded funds.
Both companies plan to launch the funds by the end of this month once they obtain approval from the Hong Kong Securities and Futures Commission and finalize listing details with the Hong Kong Exchanges and Clearing Ltd., people familiar with the matter said.
When asked, a spokesperson for the Hong Kong Stock Exchange responded: "HKEX is committed to supporting the continued growth and development of its active ETF ecosystem. If there are any new developments, we will inform the market in a timely manner."
Spokesmen for the Hong Kong Securities Regulatory Commission and Harvest Asset Management declined to comment. HashKey and Bosera Asset Management did not immediately respond to requests for comment.
Jupiter Lianchuang: Starting next week, relevant upgrades will be gradually carried out to solve the pain points of perpetual contract products such as oracles
Regarding the upgrade plan mentioned earlier, Jupiter co-founder meow posted on the X platform that the relevant upgrades will be carried out gradually starting next week. These upgrades involve many key updates to the system, so they need to be carefully tested. In particular, we hope to make a major update to solve the oracle pain points that currently plague our perpetual contract products. It is absolutely crucial to take radical steps now.
