Golden Web3.0 Daily | USDC will become Japan's first dollar stablecoin

DeFi data

1. Total market value of DeFi tokens: $96.462 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 8.335 billion US dollars

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

3. Assets locked in DeFi: 97.911 billion US dollars

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

NFT data

1. Total market value of NFT: US$19.686 billion

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

2.24-hour NFT trading volume: 2.426 billionUS dollars

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

3. Top NFTs in 24 hours

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

Headlines

Circle's USDC will become Japan's first dollar stablecoin

Circle's USDC will become Japan's first dollar stablecoin, and SBI VC Trade will take the lead in listing Circle's stablecoin under Japan's new payment framework.

MEME Hotspots

1.98.2% of the new shares of Trump's encryption project WLFI have been sold

Golden Finance reported that according to the official website page information, 98.2% of the new 5% shares of Trump's encryption project WLFI (5 billion tokens) have been sold. Earlier news, the price of the new 5% supply of Trump's encryption project WLFI rose to US$0.05, and the previous round of price was only US$0.015.

2.WLFI's token portfolio has currently lost $87.83 million

Golden Finance reported that according to the monitoring of on-chain analyst @ai_9684xtpa, the Trump family's crypto project WLFI's token portfolio has currently accumulated a floating loss of $87.83 million. With the market's correction again, all tokens held by WLFI are in a floating loss state, among which Ethereum (ETH) has suffered the most serious loss, reaching $67.02 million, accounting for 76% of the total floating loss. In addition, WLFI has not increased its holdings of any tokens for 13 consecutive days.

DeFi Hotspots

1.IntoTheBlock: Ethereum MVRV dropped to 1.01, a new low since October 2023, usually marking a local bottom

Golden Finance reported that the Ethereum MVRV indicator hit 1.01 yesterday, the lowest level since October 2023, when ETH was trading just below $1,600. MVRV can be used to identify market tops and bottoms. Historical data shows that around 1.01 usually marks a local bottom, but such a low value during a bull market is rare. Usually, a sharp drop in this indicator occurs in a bear market, and at a deeper cycle low, MVRV may even fall below 0.70.

2.Sygnum expands its custody platform to the crypto options exchange Deribit

Golden Finance reported that Swiss crypto banks Sygnum and Deribit are currently using the "over-the-counter" service of cryptocurrency custodian Fireblocks, which allows traders to "mirror" their custodial assets on the trading platform. According to Wednesday's announcement, this will allow traders to deposit their assets in regulated banks while continuing to obtain Deribit's deep liquidity.

3.Circle issued an additional 50 million USDC on the Ethereum network

Golden Finance reported that according to Whale Alert data monitoring, USDC Treasury issued an additional 50 million USDC on the Ethereum network at 17:06 Beijing time.

4. Ethereum Sepolia testnet encountered problems after completing the Pectra upgrade, and developers have begun investigating

Golden Finance reported that Tim Beiko, head of protocol support at the Ethereum Foundation, released an update on social media that the Sepolia testnet had technical problems after completing the Pectra upgrade. "We are investigating problems caused by a custom deposit contract on Sepolia. This caused problems with some execution layer (EL) clients, including transactions in blocks."

5. Ethereum Pectra upgrade has been activated on the Sepolia testnet

Golden Finance reported that the Ethereum Pectra upgrade has been activated on the Sepolia testnet. Sepolia is the last important testing phase before the mainnet upgrade goes online. The mainnet is expected to be launched next month. The Pectra upgrade (composed of updates to the "Prague" execution layer and the "Electra" consensus layer) introduces several improvements, including improved wallet user experience and account abstraction via EIP-7702, increasing the validator staking limit from 32 ETH to 2,048 ETH via EIP-7251, and increasing the maximum number of data blocks to improve scalability via EIP-7691.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational purposes only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to raise your risk awareness.