Golden Web3.0 Daily | Ripple reaches a settlement agreement with SEC

DeFi data

1. Total market value of DeFi tokens: $111.73 billion

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was 11.721 billion US dollars

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets locked in DeFi: 112.151 billion US dollars

src="https://img.jinse.cn/7368374_watermarknone.png" title="7368374" alt="ghWWAkYS2NdlaNZcxwas12sdVca2Z0ZpWvfDstBx.png">

Top ten rankings of DeFi projects with locked assets and locked-in amounts Data source: defillama

NFT data

1. Total market value of NFT: US$22.396 billion

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2. 24-hour NFT trading volume: 3.807 billionUS dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs in 24 hours

The top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Ripple reaches a $50 million settlement with the SEC

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached an agreement that, if approved by a judge, will end a years-long legal dispute. According to the settlement agreement filed in New York on Thursday, the two parties agreed to a $50 million fine, which is far less than the $2 billion initially requested by the SEC and is "part of the $125 million fine determined by Southern District District Judge Analisa Torres last year." The agreement confirms the "principle settlement agreement" announced by Ripple in March. Judge Torres ruled in 2023 that Ripple violated securities laws when selling XRP to institutional investors, but did not violate securities laws in listing XRP on exchanges for retail purchases. The case began in 2020 and was initiated by then-SEC Chairman Jay Clayton. The two parties have agreed to withdraw their respective appeals. The settlement comes as "the SEC fully withdraws a series of crypto investigations and lawsuits initiated during the tenure of former Chairman Gary Gensler." The SEC's attitude towards crypto regulation has changed dramatically after Trump took office and appointed "pro-crypto Paul Atkins as the new chairman." Driven by the news, XRP rose 9% that day.

MEME Hotspots

1. TRUMP Dinner Rankings will be locked on May 12, and the 220th weighted position is about 3114 tokens

Golden Finance reported that the official TRUMP token stated that the TRUMP dinner rankings will be closed at 1:30 pm (EST) on May 12, and the top 220 dinner qualifications will be locked. Trump himself will attend the dinner in person on May 22. According to the ranking data, the current 220th address holds 5140.808 TRUMP tokens, and holds 3114.569 tokens weighted by time. The final qualification is ranked by time weight. According to the rules, whales that have sold their holdings recently will still be eligible to attend.

2. TRUMP breaks through $13.5, with a 24-hour increase of 22.6%

Golden Finance reported that the market shows that TRUMP broke through $13.5 and is now quoted at $13.70, with a 24-hour increase of 22.6%. The market fluctuates greatly, so please do a good job of risk control.

DeFi Hotspots

1.Lido: Dual governance mechanism is about to be launched

Golden Finance reported that Lido stated on the social platform that it is about to launch a dual governance mechanism. The dual governance mechanism is a dynamic time lock mechanism that allows stETH holders to choose to exit the Lido protocol on Ethereum in the face of controversial Lido DAO governance proposals.

2. Ethereum soared 30% in a week and is expected to achieve its best single-week performance in 4 years

Golden Finance reported that according to Jinshi Data, Ethereum led the cryptocurrency rally this week, driven by easing global trade tensions and optimism about network upgrades, and is expected to achieve the biggest increase since 2021. On Friday, the second-largest digital token by market value soared 14% to $2,490, and the weekly increase was close to 33%, the largest single-week increase since 2021, when excessive speculation and low interest rates drove the cryptocurrency boom in the epidemic era. Bitcoin, the largest digital currency, also rose 1.7% to $104,336. Valentin Fournier, chief research analyst at BRN, said: "The momentum is strong and may continue." "New breakthroughs and policy support may attract new buyers."

3. Ethereum's market value surpasses Hermes and ranks 41st in global assets

Golden Finance reported that according to 8marketcap data, Ethereum's current market value has reached 292 billion US dollars, ranking 41st in global assets, successfully surpassing Hermes (market value of 291.67 billion US dollars). At the same time, Ethereum is only about 12.83 billion US dollars away from Alibaba (market value of 304.83 billion US dollars), which ranks 40th.

4.Babylon: Babylon Genesis chain bitcoin staked exceeds 50,000, 60% has been activated

Golden Finance reported that Babylon released the second phase of the main network launch update, which disclosed that the total amount of bitcoins staked on the Babylon Genesis chain has exceeded 50,000, of which 60% of the stakes have been activated to ensure the security of the Babylon Genesis network and obtain staking rewards.

5.Camp Network announced the launch of its first public test network "K2"

Golden Finance reported that Camp Network announced the launch of its first public test network "K2", focusing on intellectual property management. The project completed a $30 million Series A financing led by 1kx and Blockchain Capital in April. Camp said that dozens of dApps will be deployed before the mainnet launch, and the ecosystem partners cover more than 5 million users and creative content. Camp also built a "clearable AI training data market" to promote the verifiable traceability and fair realization of IP in the fields of art, music, data, etc.

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