Gm,#学堂日报 8.31 Market Snapshot

1️⃣ Market Overview
▪ The total market cap of cryptocurrencies is about $2.63 trillion, with Bitcoin’s market share at 59.5%.
▪ The Fear and Greed Index is 78 (Greed), and market sentiment remains elevated.
▪ Current market focus includes stablecoin growth, tokenization/“on-chain” initiatives in traditional finance, and changes in global regulation and infrastructure.

2️⃣ Binance Updates
▪ Binance Futures launched the “Cutting-Edge Tech Futures Carnival,” offering a share of 100,000 USDC token voucher rewards for trading TradFi futures contracts.
▪ Binance Wallet has opened prediction markets in the sports sector, further expanding prediction market use cases.
▪ Binance continues to promote the combination of TradFi futures, prediction markets, and on-chain wallets to enrich users’ trading entry points.

3️⃣ Industry Highlights
▪ Total stablecoin market cap has risen to about $304.564 billion, and its scale continues to expand.
▪ Wa sh reiterates a hawkish stance, and Wall Street’s expectations for interest-rate hikes have warmed up.
▪ Grayscale said the correlation between Bitcoin and gold has risen to over 50%.
Solana’s “double deflation” proposal cleared the threshold; the market is watching for adjustments to its token economics.
▪ Vietnam is piloting a market for crypto assets and has set licensed and entry requirements.
▪ SWIFT is advancing the development of blockchain-ledger infrastructure, and HSBC has completed its first related real-time transaction.

4️⃣ Today’s Quick Learn: What is MEV?
🔸 What is MEV?
▪ MEV (Maximal Extractable Value, maximum extractable value) refers to the extra profit block producers or related participants can obtain by adjusting transaction ordering, inserting transactions, or deleting transactions to extract value from the block’s transactions.
🔸 Why does MEV happen?
▪ Transactions on a blockchain are not executed completely randomly; they must be packaged into a block in a certain order.
▪ When the same asset trades at different prices across different platforms, participants can perform arbitrage by changing the order of transactions.
🔸 Common MEV Scenarios
▪ Arbitrage: profit from price differences between different trading platforms.
▪ Front-running: insert transactions in advance and execute before other users.
▪ Sandwich attacks: insert buy/sell orders both before and after a user’s transaction to profit from price changes.

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