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1Bitget Daily Digest (Feb 18)|Large-scale $SOL unlock incoming, Pump.fun trading activity cools 2MicroStrategy Offers $2 Billion in Shares to Purchase More Bitcoin3Solana (SOL) Dips Into the Red – Healthy Correction or Trend Reversal?
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The Week Onchain Newsletter:A Macro Reset
Glassnode insights·2024/05/21 12:43
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Sei Network Version 2 Introduces Advanced EVM Capabilities
BeInCrypto·2024/05/21 11:11
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Dogecoin (DOGE) Flips Toncoin (TON) Following an Overall Meme Coin Revival
DOGE solidified its status as a top 10 cryptocurrency.
Cryptopotato·2024/05/21 11:10
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Fidelity Updates Its Ethereum Spot ETF S-1 Filing
PANews·2024/05/21 10:16
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Bitcoin Price Prediction as BTC Blasts Toward All-Time High – Are Whales Buying Again?
Cryptonews·2024/05/21 09:44
100 million USDC transferred from unknown wallet to Coinbase Institutional
Cointime·2024/05/21 09:28
Crypto Markets Add $200B Overnight as BTC, ETH Soar to 6-Week Highs (Market Watch)
The total crypto market cap exploded to over $2.7 trillion.
Cryptopotato·2024/05/21 09:25
Flash
- 12:33Opinion: If the U.S. Treasury reevaluates the value of gold, the Federal Reserve will fall into chaosOdaily Planet Daily reports that Wrightson ICAP suggests, under the debt ceiling limit, revaluing U.S. gold reserves may seem tempting but it would have profound effects on the financial system, increase liquidity and extend the Federal Reserve's balance sheet reduction time. The core idea is that the government should revalue gold reserves from $42.22 per ounce (the legacy price of Bretton Woods System) to market prices. Wrightson ICAP economist Lou Crandall states that there is little chance of reassessing Treasury's holdings of gold; any gains would be minimal and public relations response could be chaotic. Previous news reported Hong Kong considering promoting tokenization of gold while debates over auditing U.S. gold reserves sparked controversy in crypto community supporting Bitcoin as a reserve asset.
- 12:30Glassnode: The scale of open contracts in the Meme sector has significantly shrunk, with DOGE's 7-day average drop reaching 58.45%According to a message from ChainCatcher, data from Glassnode shows that the scale of open contracts in the Meme sector has significantly shrunk since its peak. The 7-day moving average of DOGE's open contracts fell from $35.8 billion on December 9, 2024, to the current $14.9 billion, a decrease of 58.45%. The decline in other Meme coins is even greater, with PEPE falling by 71.93% (from $1.25 billion to $351 million), BONK falling by 75.10% (from $715 million to $178 million), and WIF falling by 69.83% (from $653 million to $197 million). Although SHIB and FLOKI have smaller overall scales of open contracts, their declines are also significant, dropping by 74.41% and 69.18%, respectively, down to $83 million and $12.9 million. This trend clearly indicates that there has been a substantial pullback in the open contracts across the Meme sector which could mean an exit of leveraged funds while also reflecting a shift in overall market sentiment within the Meme sector.
- 12:19DuckChain ecosystem token $DUCK announces core utility, covering governance, staking, and on-chain gas payment scenariosRecently, DuckChain officially reiterated the multidimensional functions of its ecological token DUCK, clarifying its application scenarios as a core asset of the ecosystem. At the governance level, DUCK holders can participate in on-chain proposal voting through an AI-enhanced governance system to optimize decentralized decision-making efficiency. The staking module allows users to earn rewards by locking tokens and enhance cyber security. In addition, $DUCK is set as the main token for gas fee payment in on-chain transactions, and provides a universal settlement medium for liquidity incentives and user interaction of dApps within the ecosystem. The team stated that the design of $DUCK aims to simplify the user and developer operation process through a single token system. Currently, the on-chain staking contract and governance framework have been deployed.