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The total amount of Ethereum beacon chain staked reached 32,540,181 ETH, accounting for 27.15% of the total supply
According to Foresight News, Dune Analytics data shows that the total amount of Ethereum beacon chain staked reached 32,540,181 ETH, accounting for 27.15% of the total supply of Ethereum. The stake share of the liquidity staking protocol Lido reached 28.56%. Since the Shanghai upgrade, the Ethereum beacon chain has a net inflow of 14,374,191 ETH. #现货以太坊ETF获美SEC批准 $ETH
According to Foresight News, Dune Analytics data shows that the total amount of Ethereum beacon chain staked reached 32,540,181 ETH, accounting for 27.15% of the total supply of Ethereum. The stake share of the liquidity staking protocol Lido reached 28.56%. Since the Shanghai upgrade, the Ethereum beacon chain has a net inflow of 14,374,191 ETH. #现货以太坊ETF获美SEC批准 $ETH
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Market trend:
1. $BTC broke through 70,000, close to the previous high. The leader of the cottage industry, $ETH, led the rise, driving the general rise of the cottage industry.
2. US stocks rose, setting a new record high. #BTC突破7万大关 $BTC
1. $BTC broke through 70,000, close to the previous high. The leader of the cottage industry, $ETH, led the rise, driving the general rise of the cottage industry.
2. US stocks rose, setting a new record high. #BTC突破7万大关 $BTC
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Coin World
Unexpected news from the United States
Bitcoin rises above $70,000 on news from the US. Some cryptocurrencies saw larger gains, notably Ethereum.
Why is Bitcoin rising?
In a pivotal week for cryptocurrencies, the decision on Ethereum ETF (Exchange Traded Fund) applications in the United States was expected. The decision was expected to reject these applications in a decision to be published on May 23. As of this evening, things have completely changed.
Bloomberg ETF analysts announced that they revised the previously announced 25% approval probability to 75% based on the latest developments. The news caused Ethereum to rise by more than 10% within minutes. Bitcoin was also affected by the positive atmosphere and rose to more than $70,000.
Bitcoin rises above $70,000 on news from the US. Some cryptocurrencies saw larger gains, notably Ethereum.
Why is Bitcoin rising?
In a pivotal week for cryptocurrencies, the decision on Ethereum ETF (Exchange Traded Fund) applications in the United States was expected. The decision was expected to reject these applications in a decision to be published on May 23. As of this evening, things have completely changed.
Bloomberg ETF analysts announced that they revised the previously announced 25% approval probability to 75% based on the latest developments. The news caused Ethereum to rise by more than 10% within minutes. Bitcoin was also affected by the positive atmosphere and rose to more than $70,000.
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Coin World
● US economists comment on non-farm data: interest rate cuts may come earlier than expected
According to Jinshi, Rubeela Farooqi, chief U.S. economist at High Frequency Economics, commented on the U.S. non-farm data and said that if employment and wages continue to slow in the coming months, then interest rate cuts may come sooner rather than later. Farooqi stressed that one month's data should not be overemphasized, but the data showed that labor market conditions were loosening, not weakening.
● Crypto analyst PlanB: $60,000 is an effective support level in the bull market
According to Odaily Planet Daily, crypto analyst PlanB posted on social media that the 5-month realized price (i.e. STH short-term holder price), currently at $60,000, seems to be an effective support level in the bull market. He further pointed out that this situation is similar to the market conditions in 2012, 2016-2017, and 2020.
According to Jinshi, Rubeela Farooqi, chief U.S. economist at High Frequency Economics, commented on the U.S. non-farm data and said that if employment and wages continue to slow in the coming months, then interest rate cuts may come sooner rather than later. Farooqi stressed that one month's data should not be overemphasized, but the data showed that labor market conditions were loosening, not weakening.
● Crypto analyst PlanB: $60,000 is an effective support level in the bull market
According to Odaily Planet Daily, crypto analyst PlanB posted on social media that the 5-month realized price (i.e. STH short-term holder price), currently at $60,000, seems to be an effective support level in the bull market. He further pointed out that this situation is similar to the market conditions in 2012, 2016-2017, and 2020.
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Coin World
1. FOMC statement: The Federal Reserve will reduce the pace of U.S. Treasury bond reduction from $60 billion per month to $25 billion starting June 1.
Reducing the speed of balance sheet shrinkage, that is, slowing down the withdrawal of funds, is a way to reduce monetary tightening. This means that even without a rate cut, monetary policy has begun to shift from tight to loose, further reducing the pace of rate cuts.
2. Summary of the key points of the Federal Reserve FOMC statement and Chairman Powell’s press conference: Maintain interest rates unchanged. Powell said he was not very confident about whether there would be a rate cut this year.
It seems that they saw a large amount of funds starting to withdraw from the US market. Without harvesting enough assets, they simply continued to bear the high interest rates, hoping to let global capital return to the US market, and then harvest them at that time!
Reducing the speed of balance sheet shrinkage, that is, slowing down the withdrawal of funds, is a way to reduce monetary tightening. This means that even without a rate cut, monetary policy has begun to shift from tight to loose, further reducing the pace of rate cuts.
2. Summary of the key points of the Federal Reserve FOMC statement and Chairman Powell’s press conference: Maintain interest rates unchanged. Powell said he was not very confident about whether there would be a rate cut this year.
It seems that they saw a large amount of funds starting to withdraw from the US market. Without harvesting enough assets, they simply continued to bear the high interest rates, hoping to let global capital return to the US market, and then harvest them at that time!
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Coin World
[Huaxia Fund CEO Li Yimei: I hope mainland investors will have new opportunities to participate in Hong Kong crypto ETFs]
Blockchain news! Li Yimei, CEO of China Asset Management, recently expressed a positive view on the development of Hong Kong crypto ETFs in an interview with Bloomberg. He said that this new investment tool has opened the door to alternative investments for RMB holders, and he hopes that investors in mainland China will have new opportunities to participate in this process in the future.
Does this mean that our investors are about to have a new investment opportunity? 😉
Blockchain news! Li Yimei, CEO of China Asset Management, recently expressed a positive view on the development of Hong Kong crypto ETFs in an interview with Bloomberg. He said that this new investment tool has opened the door to alternative investments for RMB holders, and he hopes that investors in mainland China will have new opportunities to participate in this process in the future.
Does this mean that our investors are about to have a new investment opportunity? 😉
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Coin World
Just learned that 10 EU countries intend to promote the inclusion of digital asset market laws into their national laws! Digital assets are popular all over the world and are unstoppable! In the financial field, European and American recognition means global recognition!
At least 10 countries in the European Union are currently or have already enacted national legislation to move forward with the Markets in Digital Assets Act (MiCA) into their laws. MiCA requires national regulators to license and supervise crypto service providers. Policy observers say the EU will enforce its MiCA by the end of this year, and companies looking to do business in the bloc should pay close attention to the actions of national authorities.
At least 10 countries in the European Union are currently or have already enacted national legislation to move forward with the Markets in Digital Assets Act (MiCA) into their laws. MiCA requires national regulators to license and supervise crypto service providers. Policy observers say the EU will enforce its MiCA by the end of this year, and companies looking to do business in the bloc should pay close attention to the actions of national authorities.
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Just learned that 10 EU countries intend to promote the inclusion of the Digital Asset Market Act into their national laws! Digital assets are popular all over the world and are unstoppable! In the financial field, European and American recognition means global recognition!
At least 10 EU countries are or have already enacted national legislation to promote the inclusion of the Digital Asset Market Act (MiCA) into their national laws. MiCA requires national regulators to issue licenses to and supervise crypto service providers. Policy observers say the EU will implement its MiCA by the end of this year, and companies that want to do business in the EU should pay close attention to the actions of national authorities.
At least 10 EU countries are or have already enacted national legislation to promote the inclusion of the Digital Asset Market Act (MiCA) into their national laws. MiCA requires national regulators to issue licenses to and supervise crypto service providers. Policy observers say the EU will implement its MiCA by the end of this year, and companies that want to do business in the EU should pay close attention to the actions of national authorities.
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On-chain data: The currency that institutions are buying at the bottom! Hurry up and make a layout!
The currency that institutions are buying at the bottom! Hurry up and make a layout!
The following currencies basically have the potential to increase tenfold! Follow the giants and you will be right!
1. The big brother of the currency circle: BTC (if you want to invest steadily, you can’t go wrong by choosing it!)
2. The No.1 public chain: ETH (closely following BTC, also a good choice for fixed investment)
3. Decentralized trading leaders: UNI, DYDX
4. Pioneers of cross-chain technology: DOT and ATOM
5. Exchange representatives: BNB, OKB (the two major exchanges’ own currencies, fixed investment is also quite reliable)
6. Leaders in the NFT field: DEGO, BAKE
7. Leaders in Layer 2 Networks: MATIC, OP
8. Giants in the AI field: AGIX, SNX
The following currencies basically have the potential to increase tenfold! Follow the giants and you will be right!
1. The big brother of the currency circle: BTC (if you want to invest steadily, you can’t go wrong by choosing it!)
2. The No.1 public chain: ETH (closely following BTC, also a good choice for fixed investment)
3. Decentralized trading leaders: UNI, DYDX
4. Pioneers of cross-chain technology: DOT and ATOM
5. Exchange representatives: BNB, OKB (the two major exchanges’ own currencies, fixed investment is also quite reliable)
6. Leaders in the NFT field: DEGO, BAKE
7. Leaders in Layer 2 Networks: MATIC, OP
8. Giants in the AI field: AGIX, SNX
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According to ChainCatcher, Forbes recently published an article listing the top 20 "zombie tokens" in the crypto space with a market value of more than $1 billion. These "zombie tokens" include XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS, etc.
Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, XRP has a market value of $36 billion, but Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. These data make people question the value of these "zombie tokens."
Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, XRP has a market value of $36 billion, but Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. These data make people question the value of these "zombie tokens."
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According to ChainCatcher, Forbes recently published an article listing the top 20 "zombie tokens" in the crypto space with a market value of more than $1 billion. These "zombie tokens" include XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS, etc.
Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, XRP has a market value of $36 billion, but Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. These data make people question the value of these "zombie tokens."
Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, XRP has a market value of $36 billion, but Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. These data make people question the value of these "zombie tokens."
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