Golden Morning Post｜Ethereum’s 24-hour short position liquidation hit a record high

▌Ethereum’s 24-hour short position liquidation volume hit a record high

Jinse Finance reported that on May 4, Ethereum hit a record high, and short liquidation also hit a new record. In total, more than $50 million in short Ethereum positions were liquidated immediately, according to Cryptoquant data. Additionally, the net dollar amount liquidated in the top derivatives contracts exceeded $1.9 billion in the past 24 hours.

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

BTC's recent transaction price was US$53,613.47, with an intraday increase or decrease of -0.28%;

The latest transaction price of ETH is 3253.57 US dollars, with an intraday increase and decrease of +0.55%;

The latest transaction price of BCH is 960.45 US dollars, with an intraday increase and decrease of +0.56%;

The latest transaction price of BSV is 331.0824 US dollars, with an intraday increase and decrease of -2.92%;

The most recent transaction price of EOS is $6.3762, with an intraday increase or decrease of -0.68%;

Golden Evening News | List of important developments on the evening of November 22: 12:00-21:00 Keywords: Russia, Ernst & Young, El Salvador, State Council

1. Head of the Russian Federal Tax Service: Cryptocurrencies may erode state tax profits;

2. Ernst & Young: Nearly a third of hedge fund managers plan to invest in cryptocurrencies;

3. Celsius Network invests an additional $300 million in its North American bitcoin mining operations;

4. President of El Salvador: Improving the infrastructure of the Bitcoin city is expected to cost about 300,000 Bitcoins;

5. Fujian Development and Reform Commission: Resolutely and effectively realize the goal of "mining" and "clearing" virtual currency;

6. The State Council: Support financial institutions to deepen the use of blockchain and other technical means to improve credit approval and risk management models;

7. JPMorgan Chase: The market value of NFT has risen to US$7 billion;

8. World Economic Forum Organization: There are serious gender differences in the cryptocurrency user group;

9. Australian regulators are working with lawmakers to develop digital currency rules. [2021/11/22 7:04:44]

The latest transaction price of LTC is 306.58 US dollars, with an intraday increase and decrease of +3.04%;

Maggle Lin, vice president of Golden Hashrate Cloud: IPFS is still in the early stage of development, and mining machine manufacturers still have the opportunity to overtake in a corner: hosted by the open source mining pool and Huobi, co-sponsored by Golden Hashrate Cloud, ChainUP, and Filecoin Beijing Distributed Storage China Tour and Open Source Mining Pool IPFS Private Sharing Conference" was held in Wuhan on December 6, 2020. Maggle Lin, vice president of Golden Computing Cloud, said at the meeting that since the laboratory proposed IPFS in 2014, it was announced in 2017, and the mainnet was launched in October 2020. Filecoin is still in the early stage of development. There are not a few mining machine manufacturers who chose to shut down when the mainnet was launched, partly because of the problem of pledged coins, and partly because of the problem of the underlying technology. From another perspective, this is also the time for the survival of the fittest. Some mining machine manufacturers who did not sell so many mining machines in the early stage can also overtake on corners at this time. From the perspective of the golden computing power cloud business, there have always been various guarantees for miners. First, if the mainnet is not launched on January 1, 2021, a full refund can be made. Second, the filling time is guaranteed. Third, cloud computing power The first year did not dig back to the capital, and the second year can continue to be dug. For miners, there are many choices in the market, so that miners can really enjoy the early mining bonus. [2020/12/7 14:27:15]

DOT's recent transaction price was $34.8848, with an intraday increase or decrease of -1.35%.

BBKX has opened the golden computing power cloud IPFS cloud computing power subscription at 10:00 today: According to BBKX official news, the BBKX platform has opened the golden computing power cloud IPFS cloud computing power subscription at 10:00 (UTC+8) this Tuesday, with a limit of 100 IPFS , participants are asked to prepare in advance. The BBKX platform IPFS cloud computing power is jointly launched with the golden computing power cloud. The minimum purchase threshold is 255USDT/IPFS, which can meet the investment needs of different users. BBKX is a comprehensive trading platform that continues to pay dividends, and has obtained joint strategic investment from Node Capital and Chain Fund. [2020/10/27]

▌Standard Custody Approved to Provide Cryptocurrency Custody Services in New York

Jinse Finance reported that the New York Department of Financial Services (NYDFS) has granted Standard Custody a trust license (Trust Charter), enabling it to provide cryptocurrency custody services in New York. Standard Custody is the 30th such entity to receive this approval from NYDFS.

Jinse Finance live report Chen Weixing: The future blockchain is an opportunity for these three types of people: Jinse Finance live report, in the "iAsk·Chen Weixing" session of the GMIC Global Blockchain Summit, asked who the future blockchain is. At that time, Chen Weixing believed that the future blockchain will give three types of people: 1. People who want to solve problems; 2. Young people who are barefoot and have no ideological and moral burden; There is a gap, but if there is no kind idea, it is easy to evolve into speculating in coins and cutting leeks. [2018/4/27]

▌New York State Senator Submits Proposals Prohibiting Mining

A new bill in the U.S. state Senate has proposed a three-year ban on cryptocurrency mining operations until the state can assess its environmental impact. If the bill passes a vote, it could affect the Greenidge Generation power station in New York. (The Block)

▌Standard Chartered Bank will provide cryptocurrency custody services

Jinse Finance exclusive news Youbit said: After declaring bankruptcy, the sale of the exchange is to raise funds to compensate users: Regarding the event that Youbit has not returned user assets after declaring bankruptcy and is preparing to sell the exchange, Jinse Finance has verified with the relevant person in charge of Youbit Exchange This news is true, and the person in charge of Youbit said that the sale of the exchange is also to get funds to compensate users who lost assets.

Jinse Finance found several problems with the Youbit exchange. First, Youbit invested 3 billion won in insurance before it was hacked and declared bankruptcy. After Youbit exchange declared bankruptcy, it deducted 25% of customers’ assets, but they actually lost 17%.

Second, after the hack on the 19th, the price of Fei, the token issued by Youbit itself, was reduced due to a large-scale sell-off. On the evening of the 19th, without any notice, the server could still recharge and withdraw cash for nearly an hour. [2017/12/27]

On May 4th, the New York Department of Financial Services (NYDFS) has allowed Standard Chartered Bank to provide cryptocurrency custody services. (CoinDesk)

▌Filecoin launches NFT.Storage, a free NFT distributed storage solution

According to official news, Filecoin recently announced the launch of NFT.Storage, a free NFT distributed storage solution. This is a service created by Protocol Labs and Pinata specifically for NFT data storage, allowing developers to protect NFT assets and related metadata with content-zce addressing and decentralized storage - ensuring that all NFTs follow best practices and long-term access. (Decrypt)

▌UFC will launch fan tokens in June

Jinse Finance reported that UFC, the mixed martial arts league, will launch fan tokens in June this year. The league has been partnering with sports-focused blockchain platform Chiliz for a year, and the two will mint UFC tokens on the Chiliz blockchain.

▌S&P plans to launch more cryptocurrency indices in the coming months

Jinse Finance reported that Peter Roffman, global innovation director of S&P Dow Jones Indices, said that he plans to launch an index linked to other top cryptocurrencies in the next few months. Interest in these index products reflects growth in the broader crypto market, according to Roffman. Banks can use these indices to construct various over-the-counter derivatives or structured products, and they can provide banks with a way to provide clients with exposure to BTC and ETH without having to store the underlying crypto assets. Earlier news, S&P Dow Jones Indices launched the first three cryptocurrency indices SPBTC, SPETH and SPCMC.

▌Multicoin Capital announced the establishment of the second phase of venture capital fund with a scale of 100 million US dollars

According to the official news from MulticoinCapital, Multicoin has completed the fundraising of the second venture capital fund, with a scale of 100 million US dollars. It will continue to focus on the equity and currency rights investment of encryption companies. The LP of the new fund includes well-known venture capital funds, family offices, and FOF funds. , HNWIs, etc. In addition, Multicoin announced that Matt Shapiro, Mable Jiang, and John Robert Reed have been promoted to partners of the fund. (The Block)

▌DBS Bank will offer security tokens in the second quarter of this year

Singaporean commercial bank DBS Bank (DBS Bank) announced its first-quarter financial results on May 4. Its quarterly net profit exceeded $2 billion for the first time ever, double the previous quarter. DBS Digital Exchange saw a tenfold increase in daily trading volume to $30-40 million. The company plans to offer its first security tokens in the second quarter of 2021. (Cointelegraph)

▌Sotheby’s Will Accept Bitcoin and Ethereum Payments

News on May 4th, Charles F. Stewart, CEO of luxury auction house Sotheby's (Sotheby's), announced that Sotheby's will begin to accept bitcoin and ethereum payments, and art lovers can bid with cryptocurrencies next week. "Love is in the Air" by street artist Banksy. Coinbase will support payments in the eight-figure range on Sotheby’s website, in addition to helping manage price volatility. Sotheby’s auction on May 12 will be conducted in U.S. dollars, but buyers and artists can choose to transact in cryptocurrencies or fiat currencies. (U. Today)

▌Biden reiterates that he will raise corporate and high-income taxes to pay for infrastructure plans

According to CCTV news, U.S. President Biden delivered a speech at a community college in Norfolk, Virginia on May 3 local time, reiterating that he will raise corporate taxes and high-income taxes to pay for his earlier proposed infrastructure construction plan. Biden called on high-income Americans and businesses to pay their "fair share" for free community college education and other benefits for workers.

▌Golden Encyclopedia | What is Ethereum Virtual Machine EVM?

Ethereum is a programmable blockchain. Unlike Bitcoin, Ethereum does not provide users with a predefined set of operations (such as Bitcoin transactions), but allows users to create their own operations, which can be arbitrarily complex. In this way, Ethereum serves as a platform for many different types of decentralized blockchains, including but not limited to cryptocurrencies.

In a narrow sense, Ethereum represents a set of protocols that define a platform for decentralized applications. Its core is the Ethereum Virtual Machine (EVM), which can execute code of arbitrary algorithmic complexity. In computer science terms, Ethereum is Turing complete. Developers can use a programming language (Solidity) that is syntactically similar to JavaScript and Python to create applications that run on the EVM.

The Ethereum Virtual Machine (EVM) uses 256-bit machine code and is a stack-based virtual machine for executing Ethereum smart contracts. Since EVM is designed for the Ethereum system, the Ethereum Account Model (Account Model) is used for value transmission.

Like other blockchain systems, Ethereum also includes a peer-to-peer (P2P) protocol. The Ethereum blockchain database is maintained and updated by multiple nodes connected to the network, each node on this network runs the EVM and executes the same instructions. Therefore, Ethereum can also be called "world computer".

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