Golden Morning Post | Lido Staked Ether becomes the seventh largest cryptocurrency by market value

Headline

▌Lido Staked Ether**** surpassed Cardano to become the seventh largest cryptocurrency by market value

Jinse Finance reported that according to the Lido Intern disclosure data forwarded by Lido’s official tweet, the current market value of Lido Finance’s liquid pledge agreement token Lido Staked Ether (stETH) has reached $13,420,489,102, surpassing Cardano ($13,181,110,493) to become the seventh largest cryptocurrency by market value.

▌ The transaction volume of the Ethereum platform NFT platform continued to maintain a downward trend in May******

Jinse Finance reported that the adjusted total transaction volume of Bitcoin and Ethereum decreased by 5.3% to US$196 billion in May, of which transactions on Bitcoin decreased by 13.3% and transactions on Ethereum increased by 3.2%. The adjusted stablecoin chain transaction volume decreased by 4.2% to $464.6 billion; the issued supply decreased by 1.4% to $122.4 billion, of which USDT's market share increased to 68.2%, and USDC's market share fell to 22.2%. BTC miner revenue increased by 13.7% to $916.6 million, while ETH staker revenue decreased by 34.5% to $157.2 million. In May of this year, a total of 204,576 ETH was destroyed, which is equivalent to about 380.1 million US dollars. Since January 2023, ETH has been in a deflationary state. Since the implementation of EIP-1559 in early August 2021, a total of 3.36 million ETHs, or about $9.76 billion, have been destroyed. In May, the transaction volume of Ethereum NFT platform decreased by 48.7% to 652 million US dollars. Blur platform transaction volume has exceeded OpenSea for four consecutive months, mainly due to Blur's token incentives.

▌5****Bitcoin, Ethereum futures and options trading volume all decreased

According to news from The Block Pro on June 3, the open interest of Bitcoin futures increased by 2.9% in May, and the open interest of Ethereum futures increased by 5.7%. The monthly trading volume of Bitcoin futures decreased by 15.3% to $778.5 billion. In addition, the open interest of CME Bitcoin futures decreased by 8.4% to US$1.85 billion, and the average daily turnover decreased by 30.1% to US$1.22 billion. The monthly trading volume of Ethereum futures decreased by 24.3% to $408 billion. In terms of cryptocurrency options, Bitcoin options open interest decreased by 10.6% in May, while Ethereum options open interest increased by 5.6%. The monthly trading volume of Bitcoin and Ethereum options both fell, with the trading volume of Bitcoin options decreasing by 12% to US$16.8 billion, and the trading volume of Ethereum options decreasing by 8.5% to US$10.7 billion.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 27108.6 US dollars, with an intraday change of -0.28%;

The latest transaction price of ETH is 1889.11 US dollars, with an intraday change of -0.83%;

The latest transaction price of BNB is 306.2 US dollars, with an intraday change of -0.45%;

The latest transaction price of XRP is US$0.52122, with an intraday change of -0.72%;

The latest transaction price of DOGE is US$0.072612, with an intraday change of -0.13%;

The latest transaction price of ADA is US$0.3751, with an intraday change of -0.69%;

The latest transaction price of MATIC is US$0.898, with an intraday increase or decrease of +0.18%.

policy

▌The Chairman of the Financial Services Committee of the U.S. House of Representatives proposed a draft legislation: to provide a statutory regulatory framework and clarity for digital asset regulation

On June 3rd, Patrick McHenry, Chairman of the Financial Services Committee of the U.S. House of Representatives, and Glenn “GT” Thompson, Chairman of the House Agriculture Committee, released a draft legislative discussion aimed at providing a statutory regulatory framework for digital asset regulation, providing clarity, and filling regulatory gaps, promoting innovation while providing adequate consumer protection. In addition, the draft also aims to narrow the existing power gap between the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC), and strengthen US leadership in financial and technological innovation.

Blockchain Application

▌**********1397***************************************************************************************************************************************************************************************************************************************************,*******************************************************************************************************************d all Over The World *

Jinse Finance reported that CoinATMRadar data shows that in the first four months of 2023, the global net number of cryptocurrency ATMs will decrease by 5,850. However, 1,397 ATMs were re-added to the global crypto ATM network in May. While a Bitcoin ATM does not contribute to the growth of the Bitcoin network, it acts as a physical gateway for people to exchange fiat currency for cryptocurrency. With 233 ATMs installed in 2023 alone, Australia moved up the ranks to become the third largest crypto ATM center in the world.

Cryptocurrency

▌Ethereum network is currently destroyed336.0210,000ETH

Jinse Finance reported that according to Ultrasound data, up to now, the Ethereum network has destroyed a total of 3,360,283.34 ETH. Among them, OpenSea destroyed 230050.62 ETH, ETHtransfers destroyed 286906.16 ETH, and UniswapV2 destroyed 181738.69 ETH. Note: Since EIP-1559 was introduced in the upgrade of Ethereum London, the Ethereum network will dynamically adjust the BaseFee of each transaction according to the transaction demand and block size, and this part of the fee will be directly burned and destroyed.

▌Total Market Value of Cryptocurrencies1.193****Trillion U.S. Dollars

Jinse Finance reported that according to data from CoinGecko, the current market value of cryptocurrencies is $1.193 trillion, and the 24-hour trading volume is $35.479 billion. The current market value of Bitcoin is $528,391,979,731, and that of Ethereum is $229,112,913,574.

▌Blur plans to adjust the point reward system next week

According to news on June 3, Pacman, the founder of the NFT aggregation market Blur, announced that he will adjust the platform point system so that users who take risks can get appropriate rewards, and it is expected to be launched next week. Previously, NFTstatistics.eth stated that the wallet address starting with 8BC110, which currently ranks third in terms of points, has not purchased any NFT in the past 6 days but has earned about 3,000 bidding points. Pacman said the situation doesn't violate current rules, but it goes against the spirit of rewarding users for taking risks.

▌Blur****: The lock-up volume exceeded 160 million USD, a record high, and an important announcement will be released soon

According to Jinse Finance, according to the official push of the NFT aggregation market Blur, the locked position on its platform has reached 160.82 million US dollars, a record high. In addition, Blur also said that an important announcement will be made soon, but the relevant information has not been disclosed yet. Today Blur founder Pacman announced that he plans to adjust the point system next week, but according to community rumors, the important announcement may be related to the new season of token airdrops. In addition, Domus co-founder Jacky Gekko said that the increase in Blur's lock-up volume is related to its launch of the lending agreement Blend, which is becoming a "game changer" in the NFT lending market.

▌**Past 24 hoursBRC-20 tokenORDI liquidation is $46.96 million **

Jinse Finance reported that the data shows that in the past 24 hours, the liquidation of BRC-20 token ORDI was 469,600 US dollars, of which 118,600 US dollars were long positions and 351,000 US dollars were liquidation short positions.

▌Top 100 DeFi**** token market value48,491,091,178USD

Jinse Finance reported that according to the latest data, the market value of the Top 100 DeFi tokens is US$48,491,091,178, and the total lock-up volume is US$56,986,142,934. The current top three DeFi tokens by market value are: Lido Staked Ether ($13,329,447,825), Dai ($4,587,985,424) and Uniswap ($3,823,615,098).

Important economic developments

▌Royal Bank of Canada: OPEC+ will cut production by 1 million barrels per day

After preliminary discussions among OPEC ministers on Saturday, OPEC+ will hold a plenary meeting on Sunday, where they will make a final output decision. The problem at hand is that it is unclear whether OPEC+ will be able to reach a consensus on a new round of production cuts anytime soon. Disagreement between Russia and Saudi Arabia and OPEC's decision to bar reporters from Bloomberg, Reuters and The Wall Street Journal from the meeting clouded the meeting's prospects. Helima Croft, chief commodity strategist at Royal Bank of Canada, said in this regard that continued macro concerns and deteriorating sentiment will cause OPEC+ to lower its expectations for the oil market again, with the most likely outcome being a production cut of 1 million barrels per day. (Golden Ten Data APP)

▌****OPEC+ ministerial meeting will be held on Sunday at 18:00

UBS strategist Giovanni Staunovo: The OPEC ministerial meeting will start at 12:00 Central European Time (18:00 Beijing time) on Saturday. The OPEC+ Joint Ministerial Monitoring Committee (JMMC) will be held at 11:00 Central European Time (17:00 Beijing Time) on Sunday, and the OPEC+ Ministerial Meeting will be held at 12:00 Central European Time (18:00 Beijing Time) on Sunday. ) held. (Golden Ten Data APP)

Golden Encyclopedia

▌****Digital Signature

A digital signature algorithm is a process in which a user can use a private key to generate a short string of data called a signature for a document, so that anyone who has the corresponding public key, signature and document can verify (1) that the document was created by a specific private key. (2) the document has not been altered since it was signed. Note that this is different from traditional signatures, where you can smear extra text after the signature, and it cannot be discerned in doing so; any changes to the document after the digital signature will invalidate the signature.