Daily Quotes (20:00 on June 1, 2024)
ChainDD's market data on June 1 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $67,726.83, down about 1.00% in 24 hours;
ETH was at $3,801.43, down about 0.01% in 24 hours;
BNB was at $595.90, down about 0.04% in 24 hours;
DOGE was at $0.1606, down about 0.04% in 24 hours;
DOT was trading at $7.12, up about 1.41% in 24 hours.
Chain Circle Dynamics
Ethereum core developer: Biden’s veto of SAB 121 shows that Democrats are not really working hard on cryptocurrency
Ethereum core developer eric.eth said on social media that Biden’s veto of SAB 121 shows that the Democratic Party is not really working hard on cryptocurrency.
The ETH ETF was approved because the SEC had no reason to reject it, and the Democratic Party’s war on cryptocurrencies is more intense than ever.
Cryptocurrency News
Report: The number of cryptocurrency holders worldwide has reached 562 million, accounting for 6.8% of the total population
Fintech company Triple A recently released a report titled, “The State of Global Cryptocurrency Ownership in 2024,” which takes an in-depth look at global cryptocurrency ownership trends and its evolving role in the financial ecosystem.
Eric Barbier, founder and CEO of Triple A, wrote in the report's foreword: "Today, 562 million people around the world own some or various forms of digital currency, up from 420 million in 2023. In other words, 6.8% of the world's population owns and uses digital currency." The report pointed out that Asia is leading this wave, with the number of people owning cryptocurrencies increasing from 268.2 million to 326.8 million, an increase of 21.8%. North America followed closely behind, rising from 52.1 million to 72.2 million, an increase of 38.6%.
Bybit’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 31
According to updated data on the official website of the Hong Kong Securities and Futures Commission, Bybit’s application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on May 31.
Relevant information shows that the company name of the virtual asset trading platform operator submitted by Bybit is "Spark Fintech Limited" and the Chinese name is not applicable. Bybit first submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on January 31, 2024.
As of now, the Hong Kong Securities and Futures Commission has announced that 10 applicants have had their virtual asset trading platform licenses withdrawn and returned, 1 has been returned, and the number of virtual asset trading platform applicants on the waiting list is 16.
European Bitcoin ETFs have seen a net outflow of $500 million this year, but are unable to compete with the low-fee competition in the United States
Despite rising demand for bitcoin, European bitcoin exchange-traded products (ETPs) have seen net outflows of $500 million so far this year. Since January, European bitcoin funds have seen net outflows of more than $500 million, while ETPs for other cryptocurrencies such as Ethereum have attracted $42 million in the region.
Pierre Debru, head of quantitative research at WisdomTree, said that after the launch of the US Bitcoin ETF, European ETPs customer interest increased, but it also brought unprecedented competition, forcing European issuers to lower fees. For example, BlackRock and Fidelity now offer an annual management fee of 0.25%, while European Bitcoin ETP providers such as Invesco, WisdomTree and CoinShares have reduced fees to below 0.4%.
Funds that failed to lower their fees have performed poorly, with Grayscale Bitcoin Trust (GBTC) and Canada's Purpose Bitcoin ETF both losing a lot of assets due to high management fees. Martijn Rozemuller, CEO of VanEck Europe, said the company's regional crypto ETFs have received small inflows despite increased competition.
Base network TVL exceeds US$7.25 billion, setting a new record
According to L2BEAT data, Base network's TVL exceeded US$7.25 billion, with a seven-day increase of 10.89%, setting a new historical high.
In May, NFT sales on the Bitcoin chain reached approximately US$190 million, a 7-month low
Cryptoslam data shows that NFT sales on the Bitcoin chain in May were approximately US$190,067,268.88, the lowest point in the past 7 months.
In addition, the total number of NFT transactions on the Bitcoin chain in May was approximately 150,000, of which there were approximately 61,072 independent buyer addresses and 45,414 independent seller addresses.
As of now, the total sales of NFTs on the Bitcoin chain has exceeded US$3.95 billion.
In May, NFT sales on the Ethereum chain amounted to approximately $165 million, down more than 30% from April.
Cryptoslam data shows that NFT sales on the Ethereum chain in May were only about US$165 million, the lowest level in the past 8 months and a drop of about 31% from April's transaction volume.
In addition, the total number of NFT transactions on the Ethereum chain in May was approximately 447,000, of which there were approximately 56,562 independent buyer addresses and 52,276 independent seller addresses. As of now, the total sales of NFTs on the Ethereum chain has reached approximately US$43.834 billion.
The Hong Kong Securities and Futures Commission updated the list of virtual asset trading platforms, and 11 platforms were deemed to be licensed
The Hong Kong Securities and Futures Commission has updated the list of virtual asset trading platforms. According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, 11 platforms including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin.com, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK are considered to have been licensed; only 6 platforms including BGE, HKVAX, VDX, bitV, HKX, and bitcoinworld are left on the application list that have not been considered to have been licensed.
The Hong Kong Securities and Futures Commission reminds that all virtual asset trading platform applicants listed in the list have not been licensed and may not comply with the requirements of the Securities and Futures Commission. The Hong Kong Securities and Futures Commission has recently reminded the public that the non-violation period for virtual asset trading platforms operating in Hong Kong under the Anti-Money Laundering Ordinance will end on June 1. From June 1 this year, all virtual asset trading platforms operating in Hong Kong must be licensed by the Securities and Futures Commission in accordance with the Ordinance, or be virtual asset trading platform applicants who are "deemed to be licensed." Operating a virtual asset trading platform in Hong Kong in violation of the Ordinance is a criminal offense. The Securities and Futures Commission said it will take all appropriate actions against any illegal acts. The Hong Kong Securities and Futures Commission also stated that before the actual implementation and effectiveness of the policies, procedures, systems and control measures of the platform applicants deemed to be licensed are satisfied by the Securities and Futures Commission and formally licensed, the Securities and Futures Commission does not expect the platform to actively promote its services or establish business relationships with new retail customers.
