Cryptocurrency market capitalization returns to peak, Ripple will unveil blockchain interoperability

Headlines

▌The total market value of cryptocurrency has returned to above 1.7 trillion US dollars, and BTC’s market share is 48.6%

CoinGecko data shows that the total market value of cryptocurrency is now back above US$1.7 trillion, with a 24H increase of 0.5%. In addition, BTC’s market share is 48.6%, and ETH’s market share is 16%.

▌Ripple CTO will announce blockchain interoperability plan at ETH Denver

Ripple’s CTO David Schwartz will announce it at the upcoming ETH Denver XRPL’s blockchain interoperability paves the way for seamless multi-chain communication. Schwartz, known for being one of the key architects of the XRP Ledger (XRPL), will focus on how XRPL is poised to facilitate a multi-chain ecosystem, specifically the progress made in integrating EVM programmability.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 42,070.93 US dollars, with fluctuations during the day. Frame+0.57%;

ETH Recent The transaction price was US$2270.89, and the intraday increase or decrease-0.23%;< /p>

BNB’s recent transaction price was US$305.14, with an intraday increase or decrease of +0.69% strong>;

The recent transaction price of strong>%;

The recent transaction price of DOGE was US$0.08018, with intraday changes +0.24%;

ADA’s recent transaction price was US$0.488, with intraday gains and losses+0.39%;

SOL’s recent transaction price was US$94.18, with intraday changes< span style="color: rgb(0, 176, 80);">+1.47%.

Policy

▌The joint report shows that the SEC claimed that Binance has not provided important documents related to the lawsuit

A joint report filed on January 25 outlines the progress of the litigation between the U.S. Securities and Exchange Commission (SEC) and Binance Holdings Ltd, BAM. The SEC claims BAM has not yet provided some documents it considers critical to the case. The SEC said it has not made any further filings since BAM submitted its last progress report on December 15, 2023. BAM believes that the documents it submitted are not missing. BAM's position is that it intends to complete a final filing next week in response to the SEC's expedited discovery request. The joint progress report also noted that neither Binance nor CZ had submitted documents since the last progress report. The SEC has contacted Binance regarding the discovery request. Binance responded and agreed to provide a substantive response in the form of a separate letter.

▌Cryptocurrency analysts recommend Nigeria SEC revise exchange licensing guidelines

Nigerian Crypto Currency analyst Rume Ophi says the Nigeria Securities and Exchange Commission’s (SEC) cryptocurrency licensing requirements should revisit the Virtual Asset Service Provider (VASP) guidelines to enable local cryptocurrency exchanges to obtain licenses to operate in the country. Ophi stated that the existing guidelines provided by the Nigerian SEC are not conducive to local cryptocurrency exchanges and that it should prioritize local exchanges when formulating guidelines. In order to obtain a VASP license from the Nigerian SEC, local exchanges must comply with application process requirements, pay registration fees and other applicable fees.

Blockchain Applications

▌View: X has proven to be the core driver of the crypto ecosystem

Tim Haldorsson, CEO of Lunar Strategy, an encryption ecological growth agency, issued an article pointing out that without the X platform, the encryption world will become fragmented and incoherent. In a bear market, the survival of companies building Web3 depends on innovation, trend setting, community building, and collaboration. Despite facing competition from SocialFi platforms and Web3 social media, these players are still some distance away from the mainstream, and X has proven to be a core driver of the crypto ecosystem with its undeniable cultural relevance proven across multiple market cycles Power, any project that aspires to be successful in this industry cannot do without it.

▌Sui: Move launches new function “Transfer to Object”

Sui issued a document on the X platform saying that Move’s new function “Transfer to Object” makes It is possible to receive assets on Sui without going through an account address.

▌What attracted the most venture capital funding this week was zero-knowledge proofs

Attracting the most venture capital this week ( VC) are funded by zero-knowledge (zk) proofs, which allow proving statements to be true without revealing their contents and are popular in Layer-2 rollups that extend blockchains.

▌An anonymous AI game developer recreated Diablo in the NFT game Nifty Island

An anonymous AI game developer recreated Diablo in the NFT game The world of Diablo III is recreated in Nifty Island. Creator Dav was attracted by Nifty Island's ability to continuously expand his creations. The project took more than 20 hours to complete and was inspired by the nostalgia of the "Diablo" series. pay tribute.

▌The Stellar Development Foundation discovered a bug in the Stellar Core v20.1.0 software

The Stellar Development Foundation, which supports the blockchain ecosystem, A bug was discovered in Stellar Core v20.1.0 software on January 25th. Theoretically, the bug could impact applications and services on new "Soroban" smart contract transactions once the upgrade is complete. Foundation officials "believe the bug poses little to no risk given the phased rollout plan," but after strong feedback from the developer community, the foundation is now planning to deactivate its own validators to prevent them Vote to upgrade the network.

▌Injective’s new ecosystem dApp will be released on the mainnet next week

The public chain Injective announced that the new ecosystem dApp will be released on the mainnet next week release.

▌Polygon zkEVM plans a major upgrade

Polygon zkEVM has previewed a new upgrade to prepare for smart contract-based of developers introducing a paradigm shift. The next upgrade will make Polygon zkEVM a Type 2 ZK-EM, which will enable developers to deploy their code on Polygon zk-EVM, just like on Ethereum, the agreement said. With this update, developers can simply copy and paste the code without making additional modifications.

Cryptocurrency

▌A whale in a certain band has deposited 22.01 million DAI to Aave and loaned out 7,354 ETH and sold them all Out

According to monitoring by on-chain analyst @ai_9684xtpa, between January 26 and January 27, the band whale, which had previously liquidated a loss of US$3.17 million on January 24, has deposited funds with Aave. Input 22.01 million DAI, lent 7,354 ETH and sold them all at an average price of US$2,234, with a total value of approximately US$16.43 million. At present, the whale has pledged a total of 31.54 million DAI and lent 9,854 ETH on Aave, and its current health level is 1.13.

▌The creator of the Bollinger Bands indicator is optimistic about recent Bitcoin price performance

Legendary known for creating the widely used Bollinger Bands indicator Trader John Bollinger recently made an important Bitcoin (BTC) price prediction. John Bollinger is optimistic about Bitcoin (BTC) price performance. As the impact of the sell-off news on Bitcoin prices gradually weakens, the trend may shift. .

▌Scopescan: SUI had abnormal purchasing activities, with a purchase value of approximately US$166 million

According to Scopescan monitoring, SUI had abnormal purchasing activities, within 148 seconds Purchases worth $166 million.

▌Finnish authorities trace Monero transactions linked to Vastaamo hack

Finnish National Bureau of Investigation traces links to Julius Aleksanteri Kivimäki criminal trial and Vastaamo hack Events related to Monero transactions. Kivimäki is accused of hacking into the database of a private mental health company and demanding ransom payment in cryptocurrency.

▌Vanguard: Not allowing customers to trade spot Bitcoin ETF because it is an immature asset class

Vanguard, a $7 trillion company, said they will not allow customers to trade spot Bitcoin ETFs because it is an immature asset class with little history and no intrinsic economic value. Without cash flow, it can wreak havoc in a portfolio.

Important Economic Trends

▌JPMorgan Chase CEO: As debt continues to increase, the U.S. economy is accelerating toward a cliff

According to Watcher.Guru on social media

Golden Encyclopedia

▌What are cryptocurrency hedge funds?

Cryptocurrency hedge funds were created in response to the complexities of cryptocurrency investing by pooling funds from different investors to strategically trade digital assets with the aim of generating Positive returns.

Unlike their traditional counterparts, cryptocurrency hedge funds focus on cryptocurrency fund management, investing in cryptocurrencies and employing various strategies to generate good returns for investors. This includes buying and selling cryptocurrencies, as well as engaging in cryptocurrency derivatives and futures trading. In particular, cryptocurrency hedge funds act as intermediaries between contributing investors and originating traders for investors looking to gain exposure to digital assets.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.