News
WSJ: The Federal Reserve's Federal Open Market Committee has stated that it has maintained the current interest rate levels, recognizing challenges in curbing inflation recently. Powell noted that any unforeseen downturns in employment might lead the Fed to reduce interest rates, and the unemployment rate, which stands at 3.8%, would need to increase by over 0.2%. LinkMicroStrategy has introduced the open-source MicroStrategy Orange Decentralised Identity protocol, adopting a revised version of the Ordinals method for inscriptions. This protocol exclusively stores data pertinent to decentralised identities, allowing for the creation and modification of documents with minimal limitations on size and content. It leverages the Segregated Witness feature of Bitcoin to enhance its functionality. Link
On May 2nd, the combined trading volume of six cryptocurrency spot ETFs in Hong Kong amounted to HK$68.4 million (about $8.75 million), with three Ethereum ETFs accounting for just $0.6 million of this total. Meanwhile, the trading volume for 11 U.S. Bitcoin ETFs on May 1st reached around $78 million. Link
U.S. federal prosecutors are investigating Block, Jack Dorsey's fintech company, for possible compliance failures in its cryptocurrency operations, following revelations from a whistleblower. Link
Projects
LayerZero - LayerZero Labs has confirmed the completion of its initial phase snapshot at 11:59:59 PM UTC on May 1st, 2024, with further details to be released shortly. This development indicates that LayerZero, currently valued at US$3 billion, could potentially initiate airdrops and token distributions in the near future. Link
Uniswap - The total number of wallets on the decentralised exchange increased by 140%, rising from 3.03 million in May 2023 to 7.26 million by May 2024. Link
TON - Pantera Capital has made an investment in TON. Link
Jito - Jito has emerged as the largest protocol on the Solana blockchain, with a total value locked of 10 million SOL, equivalent to $1.4 billion. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
WSJ: The Federal Reserve's Federal Open Market Committee has stated that it has maintained the current interest rate levels, recognizing challenges in curbing inflation recently. Powell noted that any unforeseen downturns in employment might lead the Fed to reduce interest rates, and the unemployment rate, which stands at 3.8%, would need to increase by over 0.2%. LinkMicroStrategy has introduced the open-source MicroStrategy Orange Decentralised Identity protocol, adopting a revised version of the Ordinals method for inscriptions. This protocol exclusively stores data pertinent to decentralised identities, allowing for the creation and modification of documents with minimal limitations on size and content. It leverages the Segregated Witness feature of Bitcoin to enhance its functionality. Link
On May 2nd, the combined trading volume of six cryptocurrency spot ETFs in Hong Kong amounted to HK$68.4 million (about $8.75 million), with three Ethereum ETFs accounting for just $0.6 million of this total. Meanwhile, the trading volume for 11 U.S. Bitcoin ETFs on May 1st reached around $78 million. Link
U.S. federal prosecutors are investigating Block, Jack Dorsey's fintech company, for possible compliance failures in its cryptocurrency operations, following revelations from a whistleblower. Link
Projects
LayerZero - LayerZero Labs has confirmed the completion of its initial phase snapshot at 11:59:59 PM UTC on May 1st, 2024, with further details to be released shortly. This development indicates that LayerZero, currently valued at US$3 billion, could potentially initiate airdrops and token distributions in the near future. Link
Uniswap - The total number of wallets on the decentralised exchange increased by 140%, rising from 3.03 million in May 2023 to 7.26 million by May 2024. Link
TON - Pantera Capital has made an investment in TON. Link
Jito - Jito has emerged as the largest protocol on the Solana blockchain, with a total value locked of 10 million SOL, equivalent to $1.4 billion. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
WSJ: The Federal Reserve's Federal Open Market Committee has stated that it has maintained the current interest rate levels, recognizing challenges in curbing inflation recently. Powell noted that any unforeseen downturns in employment might lead the Fed to reduce interest rates, and the unemployment rate, which stands at 3.8%, would need to increase by over 0.2%. LinkMicroStrategy has introduced the open-source MicroStrategy Orange Decentralised Identity protocol, adopting a revised version of the Ordinals method for inscriptions. This protocol exclusively stores data pertinent to decentralised identities, allowing for the creation and modification of documents with minimal limitations on size and content. It leverages the Segregated Witness feature of Bitcoin to enhance its functionality. Link
On May 2nd, the combined trading volume of six cryptocurrency spot ETFs in Hong Kong amounted to HK$68.4 million (about $8.75 million), with three Ethereum ETFs accounting for just $0.6 million of this total. Meanwhile, the trading volume for 11 U.S. Bitcoin ETFs on May 1st reached around $78 million. Link
U.S. federal prosecutors are investigating Block, Jack Dorsey's fintech company, for possible compliance failures in its cryptocurrency operations, following revelations from a whistleblower. Link
Projects
LayerZero - LayerZero Labs has confirmed the completion of its initial phase snapshot at 11:59:59 PM UTC on May 1st, 2024, with further details to be released shortly. This development indicates that LayerZero, currently valued at US$3 billion, could potentially initiate airdrops and token distributions in the near future. Link
Uniswap - The total number of wallets on the decentralised exchange increased by 140%, rising from 3.03 million in May 2023 to 7.26 million by May 2024. Link
TON - Pantera Capital has made an investment in TON. Link
Jito - Jito has emerged as the largest protocol on the Solana blockchain, with a total value locked of 10 million SOL, equivalent to $1.4 billion. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
