Golden Morning Post | The total market value of the cryptocurrency market has exceeded 2.5 trillion US dollars

Headline

▌The total market value of the cryptocurrency market exceeded 2.5 trillion US dollars

Jinse Finance reported that the data shows that the total market capitalization of the cryptocurrency market has exceeded 2.5 trillion US dollars, a new record high, and is currently about 2.523 trillion US dollars. Among them, the market value of BTC accounted for 43.3%, and the market value of ETH accounted for 16.3%.

▌As of press time, according to Huobi global data:

BTC's recent transaction price was US$57,358, with an intraday increase or decrease of -0.27%;

The latest transaction price of ETH is 3486 US dollars, with an intraday increase and decrease of -2.07%;

BCH's recent transaction price was US$1336, with an intraday increase and decrease of -3.61%;

BSV’s recent transaction price was US$378, with an intraday change of -5.11%;

The most recent transaction price of EOS is 10.44 US dollars, with an intraday increase or decrease of -1.78%;

LTC's recent transaction price was US$347, with an intraday increase or decrease of -1.3%;

DOT's recent transaction price was $39.9, with an intraday change of -5.2%.

Golden hot search-zce list: WAVES tops the list: According to the data of Golden Finance and Economics rankings, in the past 24 hours, WAVES topped the list. The specific top five list is as follows: WAVES, TRUE, ITC, BTM, DASH. [2020/12/7 14:28:14]

▌Miami Mayor Buys Bitcoin and Ethereum After Stimulus Bill Passes Senate

Jinse Finance reported that Miami Mayor Francis Suarez said at the Ethereal Summit that he had purchased Bitcoin and Ethereum on March 6, the same day that the US Senate passed a $1.9 trillion economic stimulus bill.

▌US SEC Chairman: Congress needs to establish a new regulatory framework for cryptocurrency exchanges

US SEC Chairman Gary Gensler said Congress needs a new regulatory framework for cryptocurrency exchanges. Currently, no agency is directly accountable to cryptocurrency exchanges, leading to an inconsistent regulatory approach across agencies. He noted that crypto businesses have to deal with multiple regulators, with a mix of regulations at the state and federal levels complicating matters. By establishing a new regulatory framework, Gensler hopes to bring about a vibrant crypto market that is safer for investors.

Golden hot search-zce list: BF is at the top of the list: According to the data of Golden Finance and Economics ranking list, in the past 24 hours, BF's search-zce volume topped the list. The specific top five list is as follows: BF, SWFTC, IOTA, REN, TRUE. [2020/8/16]

▌Dr. Xinxin Fan, head of IoTeX cryptography, was officially appointed by the IEEE Standards Association as the vice chairman of the P2418.4 standard working group

According to official news, Dr. Xinxin Fan, head of IoTeX cryptography, the Internet of Things blockchain platform, was officially appointed by the IEEE Standards Association as the vice chairman of the P2418.4 standard working group - "Application of Blockchain Technology in the Internet of Things". To create common standards for the use of blockchain technology in the Internet of Things (IoT). On behalf of IoTeX, Dr. Fan will work with Dr. Ramesh Ramadoss, Chairman of the IEEE 2418.1 Standard Working Group and Co-Chairman of the IEEE Blockchain Initiative, to jointly promote the development of IoT blockchain industry standards. Currently, companies joining the standard working group are from Huawei, Cisco, AMD, IBM, GE, Dell, etc. This is another important appointment of IoTeX for standard setting after serving as the co-chairman of the IIC blockchain working group. IEEE stands for "Institute of Electrical and Electronics Engineers" (Institute of Electrical and Electronics Engineers), founded in 1884, is currently the world's largest non-profit professional technical society, committed to promoting the world's leading technical standards for the benefit of mankind, on a global scale Has great authority and influence.

Golden Evening News | List of important news on the evening of May 5: 12:00-21:00 Keywords: Bitcoin halving, FCoin community, ETH2.0, IBM

1. Google Trends search-zce volume for “Bitcoin halving” is four times higher than before the 2016 halving.

2. Data: Bitcoin futures open interest increased by 30% this week, recovering to $3 billion.

3. Report: The transition from ETH2.0 to sharding is an inevitable stage in the development of Ethereum.

4. The FCoin community will launch a referendum to decide how to deal with the platform currency held by Zhang Jian.

5. IBM and three European power grid operators established Equigy, a blockchain new energy platform.

6. Bitcoin whale Joe007: Bitcoin halving may disappoint traders who hope to get rich quickly.

7. Survey: 57% of Chinese miners believe that a large number of new BTC buyers will enter the market in the next 6 months.

8. Data: TRC20-USDT circulation exceeded 1.2 billion pieces. [2020/5/5]

▌Greyscale increased its holdings of LINK, FIL and other currencies, and its FIL holdings increased by 0.38%

On May 7, US Eastern Time, the changes in Grayscale Trust’s holdings are as follows: LINK holdings increased by 515.90 (+0.31%), MANA’s holdings increased by 16,710.35 (+0.10%), FIL’s holdings increased by 195.74 (+0.38%), LPT’s holdings increased by 195.74 (+0.38%), The position increased by 766.77 pieces (+0.17%). Grayscale BTC, ETH, ETC, BCH, LTC, BAT Trust did not increase their holdings on the day, GBTC premium rate -12.62%, ETHE premium rate -1.57%, ETCG premium rate -51.05%, BCHG premium rate 224.39%, LTCN premium rate 1017.48 %.

Golden Relativity | Zhu Jiang: Compared with existing cryptocurrencies, central bank digital currencies are more convenient for payment: In the Golden Theory of Relativity held today, on the question of "what are the differences between central bank digital currencies and the cryptocurrencies currently under discussion", Zhu Jiang, general manager of Kingsoft Cloud's blockchain department, said that compared with existing cryptocurrencies, the central bank's digital currency is more convenient for payment, and cryptocurrencies are more anonymous. Cryptocurrency is not suitable for payment, the main reason is that it is unstable, and everyone must have experienced the market in the past two days. Anything that is unstable is not suitable for payment, because the price changes in the next second of payment. The second difference from cryptocurrency is the replacement of cash M0, and cryptocurrency is born to subvert the centralized currency issuance method. Cash circulation has several characteristics, face-to-face, no need for an account system, anonymity, etc. I have also been thinking about how to use the digital currency issued by the central bank. Is it possible to have an electronic wallet instead of a bank account. If the e-wallet is lost, it is like losing cash and can only be retrieved through lost and found. Whether the central bank's digital currency must be completely traceable, I don't think so. [2019/8/15]

▌Musk announced on Twitter that he will appear on "Saturday Night Live"

Golden Finance reported that Tesla CEO Elon Musk posted a tweet to announce his upcoming appearance on the variety show "Saturday Night Live". Its tweet was accompanied by a photo from the show, in which the dog appeared. It is reported that Musk will appear on "Saturday Night Live" at 23:30 Eastern Time on May 8 (11:30 Beijing Time on May 9).

Analysis | Golden disk: BTC/USD 15-minute weak rebound: Comprehensive analysis of the golden disk: BTC/USD has been supported in the middle track after a wave of diving in the afternoon, but the trend is weak and the direction is unclear. In the short term, it is recommended to wait and see. [2018/8/17]

▌DappRadar completes USD 5 million in Series A financing

Jinse Finance reported that Dapp data tracker DappRadar completed a $5 million Series A round of financing. The main investors are ProsusVentures, Blockchain.com Ventures and NordicNinja VC.

▌Bitfarms Approved to List on Nasdaq Global Market

Jinse Finance reported that Canadian Bitcoin miner Bitfarms was approved to list on the Nasdaq Global Market with the stock code BITF.

▌Bitcoin futures net shorts fall to lowest level since July 2020

Bitcoin futures net shorts fell to their lowest level since July 2020. (Golden Ten)

▌V God: The long-awaited upgrade "optimistic estimate" will be completed by the end of the year

At the Ethereum Global Summit on the second day, V God said that as the merger approaches, the roadmap has become more pragmatic in many ways, and the long-awaited upgrade "optimistically estimated" will be completed by the end of this year. For the merger, the biggest compromise is that the new Pos chain will not contain the transaction data of the old chain, and the old chain will be named as the execution chain. At the same time, the beacon chain that introduces Pos into the Ethereum network will be named the consensus chain. After the merger, the execution chain will be within the consensus chain. He believes that this design is to make the merger easier and smoother.

▌ETC official forum encountered DNS problems

ETCCooperative tweeted that the ETC official forum encountered some DNS problems and can currently use an alternate URL.

▌Jingdong: Properly handle the after-sales problems of individual graphics cards, there is no "financialization" situation

On May 7, the after-sales problem of Jingdong graphics cards continued to receive attention. Today, Jingdong responded that there is no "financialization" of after-sales graphics cards, and reserves the right to pursue the legal responsibility of rumormongers. Jingdong said that it will properly handle the after-sales problems of individual graphics cards. At present, the after-sales maintenance of products including graphics cards is operating normally. However, Jingdong did not explain the specific graphics card after-sales issues. Previously, a blogger posted a screenshot of a chat. The content-zce of the chat pointed out that JD.com suspected that JD.com sold the graphics card returned by the customer at a high price, and then waited for the price of the graphics card to drop before buying it back to the customer.

▌Zhao Dong and others suspected of illegal business operations and trust crimes will be held on May 12

According to the Zhejiang Court Network, relevant information about Zhao Dong’s court hearing appeared on the court website. The information shows: Zhao Peng, Yu Xiaohan, Wang Yangsheng, You Ting, Shi Wei, Zhou Guangkai, Li Yabiao, Pan Yao, You Jin, Zhao Dong, Xiao Yong , Lin Fengjin and others suspected of illegal business operations and aiding information network criminal activities will be held in the People's Court of Xihu District, Hangzhou City on May 12, 2021. Previously, RenrenBit founder Zhao Dong was taken away by the police on June 19, 2020 to assist in the investigation.

Key Economic Developments

▌U.S. Treasury Secretary Yellen: Inflation is expected to rise in the next few months

U.S. Treasury Secretary Yellen expressed doubts that an inflation cycle will be seen. Inflation is expected to pick up in the coming months for technical reasons. In addition, Yellen said that she does not think she will see meaningful upward pressure in most areas of the economy.

▌The U.S. non-agricultural data in April was far worse than expected, and the three major U.S. stock indexes opened mixed

On May 7, the three major U.S. stock indexes opened mixed. The Dow fell 0.11%, the S&P 500 rose 0.2%, and the Nasdaq rose 0.64%. In terms of news, the number of non-farm payrolls in the United States increased by 266,000 in April, which was significantly lower than the market expectation of 1 million.

▌Gold Encyclopedia | What is layer2? Read the Ethereum expansion plan in one article

As the most active-zce development platform in the blockchain world, the Ethereum network suffers from daily congestion and higher transaction fees, making the applications and users in the ecosystem miserable.

In recent years, more and more blockchain researchers and developers have devoted themselves to the research of the underlying technology, trying various technical means to improve the entire network status. There are technical solutions for Layer 1, such as the sharding technology of ETH 2.0, which improves the block generation efficiency of the network by modifying or optimizing the consensus network of the blockchain, thereby speeding up the block confirmation time and achieving the purpose of fast transaction chaining; There are also technical solutions for Layer 2. On the premise of keeping the functions of Layer 1 simple enough, powerful and stable, some calculations and operations that were originally performed on Layer 1 are placed off-chain.

So far, among the Layer 2 expansion solutions, the most discussed are ZK Rollup, Optimistic Rollup, Validium and Plasma.

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Ethereum