According to CoinGecko data, the total market value of cryptocurrencies has reached 2.42 trillion US dollars, with a 24-hour decrease of 1%. In addition, BTC has a market share of 50.5%, and ETH has a market share of 17%.
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The total market value of cryptocurrency exceeded 2.42 trillion US dollars, and BTC’s market share was 50.5%
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An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
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USDC circulation increased by 200 million in the past 7 days
According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars. -
Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%
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Core Foundation launches $5 million innovation fund
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In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million
According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million. -
$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction. -
Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued
On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange. -
The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera. -
In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million. -
Market News: South Africa authorizes 75 companies as cryptocurrency service providers
According to Jinshi news, South Africa has authorized 75 companies as cryptocurrency service providers.
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