Compiled by: Mars Finance
1. Today’s News
ADA market capitalization returns to the top ten
According to Mars Finance, Cardano (ADA) has returned to the top 10 tokens in terms of market value, with a current market value of $16 billion, nearly $200 million higher than NOT, which ranks 11th in market value.
USDe surpasses FDUSD in market value to become the fourth largest stablecoin
According to Mars Finance, this weekend, Ethena's synthetic USD stablecoin USDe reached a market value of $3 billion. As of June 2, USDe's market value was approximately $3.02 billion, surpassing FDUSD ($2.9 billion) and becoming the fourth largest stablecoin. There are approximately 13,238 unique addresses holding USDe, and there have been 395,430 transfers since its launch. Ethena's smart contract address holds the most tokens, 1.21 billion USDe, accounting for 40.16% of the total supply, while Ethena's LP staking address holds the second largest number of USDe, 511.2 million USDe, accounting for 16.92% of the circulating supply.
Mexico's ruling party member Claudia Sheinbaum was elected president, and the country's crypto policy may continue
Mars Finance News, according to The New York Times and other media reports, former Mexico City Mayor Claudia Sheinbaum was elected President of Mexico, becoming the first woman to serve as president of the country. This result suggests that Mexico's cryptocurrency policy may continue, as Sheinbaum is from the ruling Morena Party. According to the constitution, her predecessor Andres Manuel Lopez Obrador cannot run again. Although cryptocurrency was barely mentioned in Mexico's largest election to date, Sheinbaum has aligned herself with Obrador's policies. The Morena Party has not proposed any comprehensive legislation for the crypto industry, although it imposes a 20% tax on crypto gains, and other policies and regulations include requiring cryptocurrency exchanges to register in accordance with global requirements for anti-money laundering and terrorist financing. The party also reflected its focus on the regulation of blockchain to make the technology and ecosystem safer.
FET, AGIX, and OCEAN merge into ASI and will be launched on June 11
Mexico's ruling party member Claudia Sheinbaum was elected president, and the country's crypto policy may continue
Mars Finance News, according to The New York Times and other media reports, former Mexico City Mayor Claudia Sheinbaum was elected President of Mexico, becoming the first woman to serve as president of the country. This result suggests that Mexico's cryptocurrency policy may continue, as Sheinbaum is from the ruling Morena Party. According to the constitution, her predecessor Andres Manuel Lopez Obrador cannot run again. Although cryptocurrency was barely mentioned in Mexico's largest election to date, Sheinbaum has aligned herself with Obrador's policies. The Morena Party has not proposed any comprehensive legislation for the crypto industry, although it imposes a 20% tax on crypto gains, and other policies and regulations include requiring cryptocurrency exchanges to register in accordance with global requirements for anti-money laundering and terrorist financing. The party also reflected its focus on the regulation of blockchain to make the technology and ecosystem safer.
BTC DVOL Volatility Index on Deribit Falls to 51, May Fall Further This Summer
Tranchess: As demand for Ethereum continues to grow, liquidity staking products will gain attention and staking yields will rise
Binance to Delist OMG, WAVES, WNXM, and XEM
The total amount of Ethereum beacon chain staked is close to 32.75 million ETH, and Lido’s stake share is 28.96%
Matter Labs CEO: Linea chain suspended block production after Velocore was attacked, highlighting the slow progress of Ethereum L2 decentralization
Animoca Brands deposits 2.5 million PIXEL into Binance
A whale deposited 2.1 million OP into Binance 6 hours ago. If sold, it will lose about $760,000
Hundred Finance attacker transferred 2266.3 ETH to Tornado Cash
FET, AGIX, and OCEAN merge into ASI and will be launched on June 11
Moonbeam launches the third phase of ecological incentives: 4.5 million GLMR will be provided for the development of DeFi protocols
2. Selected Articles
1.11 pictures interpret the crypto market in May: Spot ETF approval helps Ethereum hit record highs in multiple indicators
In May, most indicators in the cryptocurrency market fell, with Bitcoin and Ethereum on-chain transactions falling to $390 billion, stablecoin on-chain transactions falling 20.5%, Bitcoin miner income falling 46%, Ethereum staking income rising 4.1%, NFT market transactions falling 27.8%, centralized exchange spot transactions falling 22.5%, and Binance accounting for 79.4% of the market share. In terms of futures, Bitcoin futures open interest increased by 12.9%, Ethereum futures open interest hit a record high, and transaction volume fell 21%. CME Bitcoin futures open interest increased by 15.9%, the average daily transaction amount fell by 9%, and the average monthly transaction amount of Ethereum futures rose slightly by 0.2%. Bitcoin and Ethereum options positions rebounded, with transaction amounts of $46.8 billion and $31.4 billion, respectively, and Ethereum options transaction amount hit a record high.
2.6 DeFi catalysts: airdrops, earnings, and Ethena/Etherfi/Karak
Thor introduced the latest updates of DeFi summer, including projects such as Ethena, Etherfi, Karak, etc. He shared his experience in finding yield mines and airdrops on Google Sheets, and mentioned major events and catalysts in June, as well as several DeFi and airdrop strategies worth paying attention to. He also mentioned important token unlocking dates, macroeconomic data in June, and crypto asset market regulations. Several blockchain projects received financing, including Blackwing, Fantom Foundation, etc. Pendle's sUSDe market is the best strategy for high yields and leverage. In short, there are several good strategies to increase your portfolio in June.
3. Crypto market outlook for June: The best betas for ETH are those with ETH in their names
June Outlook: Addition is more, try subtraction effect. Only talk about future market and event time. Only memecoin gamblers make money in this cycle. Fundamental coins perform well, such as $PENDLE. PVP is a hot word, what to do? Consider fundamentals and community. Information transmission and market sentiment are important. Practicing prediction is also important. ETH ETF is great, pay attention to related targets. Layer2's BaseChain and Arbitrum have opportunities. Future catalysts: split + SubDAO, MakerDAO and Ethena cooperation. $DEGEN is ambushed on BaseChain, and BaseChain will change after Coinbase launches smart wallet. Arbitrum community voted, which is good for the game ecology. AIAI sector has a catalyst with a certain date, such as the merger of $FET and the release of information related to $AR$AO. $MAGA on the political meme chain is worth paying attention to, and market sentiment will change according to the external environment. Solana, as a memecoin casino attribute, is not affected by $ETH and may benefit. Others: Don’t watch the Selfchain mainnet, Fantom’s launch of the Sonic mainnet is Sell News for $FTM, Uniswap voting is postponed, June is a big month for airdrops, and you need to pay attention to risks.
4. Data reading of Base chain: Consumer-level applications are emerging, which projects are worth paying attention to besides the Meme craze?
Base is a consumer-facing on-chain application center that attracts users to the chain through marketing activities and cooperative projects. It provides developer tools and funding programs to help developers enter the Web3 field. Base's vision is to bring 1 billion users to the chain, improving user access to on-chain services by launching Layer 2 blockchains and providing developer tools. Coinbase Commerce is an on-chain payment project operating on Ethereum, Polygon, and Base networks, providing services to thousands of merchants and stores around the world. Its major customers include Messari, Chain Analysis, and the Chicago Bulls. The Base ecosystem represents the trend of cryptocurrency penetrating into daily life, providing a variety of services such as retail payments, membership platforms, and product distribution.
3. Investment and Financing
The total amount of funding in the crypto market in May was US$994 million, a year-on-year increase of 26.9%.
According to Mars Finance, RootData data shows that the total financing amount in the crypto market in May 2024 was US$994 million, an increase of 26.9% from US$783 million in May 2023 and a decrease of 3.7% from US$1.033 billion in April 2024.
In addition, the number of financings in May 2024 was 153, a decrease of 8.9% from the previous month.
