The CEO of a Ripple company resigns and nearly $100 million in SAND is about to be unlocked

Headlines

▌Ripple The CEO and product director of Metaco, a subsidiary company, have resigned

The CEO and product director of Metaco, a cryptocurrency custody company acquired by Ripple in May 2023 The chief product officer has resigned. A spokesperson for Ripple confirmed that CEO Adrien Trecani and chief product officer Peter DeMeo have departed, saying that custody remains an integral part of Ripple's growing business as we continue to provide best-in-class enterprise encryption to customers around the world. solution.

Quotes

As of press time, according to coinmarketcap The data shows:

BTC's recent transaction price was US$48,517.19, with intraday increases and decreases< strong>+1.92%;

ETH’s recent transaction price was US$2,514.51, with intraday gains and losses+0.35%;

BNB’s recent transaction price was US$321.3, with an intraday increase or decrease-0.34%;

ORDI's recent transaction price was US$63.41, with intraday increases and decreases+2.26%;

DOGE’s recent transaction price was US$0.081320, with intraday gains and losses-0.10%;

SOL’s recent transaction price was US$108.10, rising during the day Decline+0.07%;

ALT's recent transaction price was US$0.3388, with an intraday increase or decrease of-2.81%.

Policy

▌< /strong>Nigeria urges regulation of cryptocurrencies to combat financial crime

A&D Forensics, a Nigerian blockchain information analysis service provider Co-founder Adedeji Owonibi said in a cryptocurrency compliance expert training provided on February 9 that the Nigerian government needs to regulate cryptocurrency activities and formulate corresponding laws to curb financial crimes, especially money laundering. Although the Central Bank of Nigeria (CBN) recently lifted its ban on crypto trading, allowing banks to operate accounts for virtual asset service providers (VASPs), Owonibi explained that the compliance expert training is designed to ensure that banks’ interactions with VASPs are compliant by law. Owonibi said major banks must ensure that virtual asset service providers who open accounts with their banks are compliant exchanges to prevent them from becoming conduits for global money laundering, drug sales or terrorism financing.

Blockchain Application

▌CryptoPunks launches “Punk in Residence” platform

Golden Finance reports that blue-chip NFT project CryptoPunks announced the launch of " Punk in Residence" platform, this initiative aims to integrate the fields of traditional art and digital art, providing a unique platform for artists to explore and redefine Punks in the context of web3. It is reported that "Punk in Residence" will be developed by Nina, the author of Nina's Super Cool World NFT series Chanel Abney serves as the inaugural artist to promote the combination of traditional art and Web3 innovation.

▌South African payment company Callpay has added Xion Global's one-click encrypted checkout function

Golden Finance reported that Web3 payment provider Xion Global announced a strategic partnership with South African payment company Callpay. The partnership aims to combine Xion’s innovative technology with Callpay’s strong market presence to drive adoption of Web3 payments in South Africa. This partnership broadens customers’ payment options, offering the convenience of Xion’s one-click encrypted checkout, combining ease of use with cost savings

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▌View: Traditional games need Web3 more than ever

CARV's Chief Growth Officer Leo Li posted that blockchain games grew by 33% in the fourth quarter of 2023, and transaction volume roughly tripled in six months, but with In stark contrast, traditional games are showing a downward trend. As developers face market saturation and stagnant user numbers, global mobile game revenue has declined for the second consecutive year. Traditional games need Web3 more than ever. Deep questions make Web3 the obvious next step.

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Cryptocurrency

< p style="text-align: left;">▌The total market value of stablecoins reaches US$136.9 billion, and USDT’s market share exceeds 70%

According to Defillama data, the total market value of stablecoins reached US$136.9 billion, an increase of 1.03% from last week. In addition, USDT circulation has exceeded US$96.4 billion, and the stablecoin market share has reached 70.44%.

▌worth nearly $100 million SAND tokens will be unlocked this week

Token Unlocks data shows that the total value released this week for CYBER, SAND and APE tokens exceeds 130 million Dollar. in: CYBER (CyberConnect) unlocked 2.36 million CYBER tokens at 16:00 on February 14, worth approximately US$17.99 million, accounting for 15.93% of the circulating supply; SAND (TheSandbox) will unlock 205 million tokens at 0:00 a.m. on February 15th, worth approximately US$97.32 million, accounting for 9.19% of the circulating supply; APE (ApeCoin) will unlock 15.6 million APE tokens at 16:00 on February 17, worth approximately US$22.47 million, accounting for 2.61% of the circulating supply.

▌100 million XRP transferred from unknown wallet to Ripple

According to monitoring by the on-chain data tracking service Whale Alert, at 07:50:01 Beijing time today, 100,000,000 XRP (USD 52,584,019) was transferred from an unknown wallet to Ripple.

▌South African Cryptocurrency Investment App Luno adds three new tokens: AAVE, CRV and MakerDAO

Golden Finance reports that the South African cryptocurrency investment application Luno has added three new tokens DeFi tokens are available for investors to invest, including: Aave (AAVE), Curve (CRV), and MakerDAO. Luno South Africa country manager Christo de Wit explained that DeFi is an innovative automated system that can provide financial services such as loans, savings, insurance or transactions on a public blockchain. By adding these new tokens that are dominating the emerging world of DeFi, customers can learn more about DeFi, which has the potential to transform finance.

▌VanEck Advisor: Bitcoin in It has been the best-performing asset in 8 of 12 years

Golden Finance reported that VanEck consultant Gabor Gurbacs posted on the X platform that Bitcoin and The Nasdaq's correlation dropped significantly. Bitcoin doesn’t trade like tech stocks, and more and more people are turning to it as a safe haven. Bitcoin has been the best-performing asset in 8 out of 12 years.

▌Tether: USDT market value approaches US$100 billion

Golden Finance reported that Tether, the USDT stablecoin issuer, said that its flagship digital asset is worth nearly US$100 billion. Tether CEO Paolo Ardoino said on the company's blog that Tether's performance certification for the fourth quarter of 2023 emphasizes our commitment to transparency, stability and responsible financial management. Achieving the highest percentage of cash and cash equivalents reserves reflects our commitment to liquidity and stability.

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Important Economic Updates

▌The probability of the Federal Reserve cutting interest rates in March is 16%

Golden Finance reported that according to CME "Fed Watch": The Federal Reserve The probability of keeping interest rates unchanged in the range of 5.25%-5.50% in March is 84%, and the probability of cutting interest rates by 25 basis points is 16%. The probability of keeping interest rates unchanged by May is 39.3%, the probability of a cumulative 25 basis point interest rate cut is 52.2%, and the probability of a cumulative 50 basis point interest rate cut is 8.5%.

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Golden Encyclopedia

▌What is a miner?

In the field of cryptocurrency, miners can be compared to gold diggers in the real world. They sift through the vast land in search of extremely rare and valuable gold nuggets - similarly, miners obtain the right to produce blocks through proof of work, add new blocks to the blockchain, and receive a considerable sum of money at the same time. rewards. Miners play a key role in blockchain networks, as they are responsible for validating new transactions and recording them on a globally distributed ledger, known as the blockchain. It is important to emphasize that miners are a type of full node, which means that they verify all the rules of the blockchain and only accept blocks that comply with these rules.

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.