Daily Quotes (20:30 pm on November 15, 2023)
ChainDD's market price on November 15th shows that the comprehensive DD Index and CoinMarketCap quotes:
BTC was trading at $36,297.92, down about 0.10% in 24 hours;
ETH was trading at $2,018.43, down about 0.68% in 24 hours;
BNB reported at $250.02, up about 2.60% in 24 hours;
DOGE reported at $0.07469, up about 1.76% in 24 hours;
DOT was trading at $5.44, up about 3.21% in 24 hours.
Chain circle dynamics
Upbit releases notice regarding revision of Open API terms of use
According to Upbit's official announcement, users can only use Open API services through pre-registered IP addresses. Registration may be refused for high-risk IP addresses that have been or may be used for crime or IP addresses that violate these terms of use.
If the user inevitably needs to use an IP address that has been denied registration, and there are substantial circumstances that warrant a different judgment on the risk of the IP address, the user can apply for a review of the risk of the IP address through the customer center. At this time, the company may ask the user to provide relevant data to determine whether the risk of the IP address is significant.
OpenAI CEO: Suspension of new user registrations for ChatGPT Plus for a period of time
OpenAI CEO said: Registration of new users of ChatGPT Plus will be suspended for a period of time.
Ministry of Public Security: Illegal buying, selling, renting, lending digital RMB wallets, etc. will be subject to financial punishment
The Ministry of Public Security publicly solicits opinions from the public on the "Joint Punishment Measures for Telecommunications Network Fraud and Related Violations and Crimes (Draft for Comment)". Punishment objects in the regulations include illegal buying, selling, leasing, and lending of bank accounts, payment accounts, and digital RMB wallets. Units, individuals and relevant organizers, etc.
Financial disciplinary measures include: suspending the non-counter withdrawal business of bank accounts and digital RMB wallets under the names of the disciplinary targets. During the disciplinary period, new payment accounts, digital renminbi wallets, etc. are not allowed to be opened for the disciplinary targets.
Currency news
Grayscale Report: Cryptocurrency valuations may continue to recover
Investment management firm Grayscale said in a report on Tuesday that despite the poor performance of the cryptocurrency market today, slowing inflation and falling bond yields are likely to support prices.
“We believe that if real interest rates peak and we continue to see progress on spot ETF approvals in the U.S. market, crypto valuations may continue to recover,” the report states.
The SEC has issued nearly $5 billion in fines against cryptocurrencies and other industries in one year
The U.S. SEC announced on Tuesday that it had prosecuted a number of Wall Street brokers and cryptocurrency industry giants in the 2023 fiscal year (October 2022 to September 2023). The above-mentioned enforcement actions resulted in a total fine of approximately US$5 billion. The relevant punished institutions also Required to refund losses to investors. This is the second-largest series of enforcement actions in terms of total fines in its history.
The SEC said the cases it is focusing on involve digital currency assets, cybersecurity, and the use of unapproved communications platforms by employees of Wall Street brokers to conduct business.
Data: Solana USDC transfer volume hits yearly high over weekend
Data released by Blockworks Research shows that Solana USDC transfer volume reached a new yearly high over the weekend.
With SOL rising by more than 90% in just two weeks, degens have flocked to the network, betting and increasing their stakes in low-cap tokens and meme coins.
Bloomberg Analyst: The SEC is likely to issue a delay order again for spot Bitcoin ETF applications, and the delay will not change approval expectations
Bloomberg analyst James Seyffart said on the X platform that we are approaching the deadline for 3 spot Bitcoin ETF applications (Global Exchange Commission (SEC) delay order, but the delay does not change our view and there is a 90% chance that 19b-4 will be approved by January 10, 2024.
Solana's market value exceeds USDC
According to Coingecko data, Solana's current market value has reached approximately US$24.17 billion, surpassing USDC, and currently ranks sixth in the cryptocurrency market value rankings, second only to Bitcoin, Ethereum, Tether, BNB and XRP.
At the time of writing this article, SOL was temporarily trading at $57.57, with an increase of 163.1% in the past 30 days.
Acting Head of Sustainable Development Strategy of Bank of China (Hong Kong): The use of blockchain solutions can reduce the settlement time from the original T+5 to one day
Liu Yifei, acting head of sustainable development strategy of Bank of China (Hong Kong), gave a keynote speech at the forum and said that to achieve truly sustainable development, it must be driven by technology; as a bank, the application of financial technology to support sustainable development mainly covers ABC The three major elements are artificial intelligence (AI), blockchain and cloud computing.
Liu Yifei pointed out that blockchain applications have many benefits in green finance. On the one hand, the data on the blockchain cannot be tampered with and is transparent to all participants, which can reduce the problem of information asymmetry in green products; second, it can greatly improve transaction efficiency. Take the tokenized green bonds launched by the government as an example. Due to the use of a blockchain solution instead of the traditional payment versus payment (DvP) clearing model, the settlement time has been reduced from T+5 to one day.
VanEck Director: Not sure if Circle will IPO until USDC market share stabilizes
Matthew Sigel, director of digital asset research at VanEck Associates, said that until USDC’s market share stabilizes, I am not sure whether Circle will pursue an IPO.
As previously reported, people familiar with the matter revealed that stablecoin issuer Circle Internet is considering an IPO in 2024. The company is in talks with advisers to prepare for a potential initial public offering and deliberations are ongoing, people familiar with the matter said.
Kazakhstan officially launches central bank digital currency
Binur Zhalenov, chairman of Kazakhstan’s National Payments Company (NPC), has conducted the first transaction using the central bank digital currency (CBDC). Zhalenov today announced the official launch of "Digital Tenge" on the Kazakhstan retail market and promised to achieve "large-scale platform development" in 2024. Zhalenov said Kazakhstan works with Visa and Mastercard as well as local banks to make payments using debit cards tied to CBDC accounts.
Zhalenov also highlighted the “programmable” potential of the digital tenge, which can be used for smart contracts, innovative financial services and digital asset transactions. He said that the development of CBDC next year will focus on offline payments, and by 2025, NPC is expected to adopt digital tenge in cross-border trade.
A court in Liaoning heard a virtual currency entrusted financial management dispute case: it determined that the contract was invalid and would not handle it.
Recently, the Zhuanghe Court of the People's Court of Zhuanghe City, Liaoning Province heard a private entrusted financial management contract dispute case involving virtual currency-related transactions.
Plaintiff Wang Ping (pseudonym) and defendant Zhao Bin (pseudonym) interacted with each other in the virtual currency exchange business. In 2022, the plaintiff deposited more than 4 million yuan of its funds into the defendant's bank account through mobile phone transfer based on its trust in the defendant, and handed it over to the defendant for specific financial management to make money, and agreed on the profit sharing of the relevant transactions. Among them, the defendant invested approximately 2 million yuan in virtual currency transactions. Most of the investment was used to purchase Tether (i.e. USDT). However, the subsequent investment failed and the losses were huge. The two parties disputed the amount of losses, liability, and profit sharing. Then the plaintiff sued the court in 2023, demanding that the defendant return more than 4 million yuan in financial management funds entrusted by the plaintiff.
After hearing the case, the court ruled in accordance with the law to reject the plaintiff Wang Ping's claim regarding the Tether investment part. The parties were dissatisfied. After appeal, the second-instance court heard the case and finally upheld the first-instance court's judgment on this part.
After trial, the court held that because the virtual currency transaction violated public order and good customs, the contract should be deemed invalid and not subject to legal protection. The profits or losses of both parties during the performance of the contract, as well as other detailed issues, would not be dealt with. Therefore, The resulting losses were borne by Wang Ping himself. In the end, the court of first instance made the above-mentioned ruling, which was upheld by the court of second instance.
Bitcoin NFT transaction volume surpassed Ethereum in the past 24 hours, reaching $16.42 million
CryptoSlam data shows that in the past 24 hours, Bitcoin NFT transaction volume reached US$16.42 million, surpassing Ethereum NFT transaction volume (US$10.13 million).