Golden Morning Post | Over 420 million cryptocurrency users worldwide, 260 million in Asia

Headline

▌ **Data: This week's NFT sales increased by **11.60% compared with the previous week

Jinse Finance reported that according to data from Cryptoslam.io, sales in the NFT market showed an upward trend in June. This week's sales increased by 11.60% compared with the previous week, and the total amount reached 146 million US dollars. There has been a surge in the number of individual NFT buyers. In the past 7 days, the increase was as high as 95.20%, and the number of buyers reached 664,096. In June, NFT sales were dominated by Ethereum, with sales of $85.43 million.

▌SEC**** cooperated with several European countries to investigate Binance information

Jinse Finance reported that people familiar with the matter said that police and financial regulators in several European countries are cooperating with the US Securities and Exchange Commission (SEC) to find out more information about Binance. The SEC has been soliciting information about Binance’s activities from several European nation-states in recent days, some of which have been spurred into action after Binance was sued by the SEC and accused of mixing funds. Other European authorities are still assessing the complexities of the Binance case and have yet to meet the SEC's information request.

▌Data: There are over 42 million cryptocurrency users in the world, of which 26 million are in Asia

News on June 21, Triple data shows that as of 2023, it is estimated that the average global cryptocurrency ownership rate is 4.2%, and there are more than 420 million cryptocurrency users worldwide, most of which are in Asia (260 million), followed by North America (54 million). ), Africa (38 million), and South America (33 million).

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 30140.1 US dollars, with an intraday increase and decrease of +6.81%;

The latest transaction price of ETH is 1895.28 US dollars, with an intraday increase and decrease of +6.18%;

The latest transaction price of BNB is 249.9 US dollars, with an intraday increase and decrease of +2.21%;

The latest transaction price of XRP is $0.50226, with an intraday increase and decrease of +2.13%;

The latest transaction price of DOGE is US$0.065836, with an intraday increase and decrease of +4.80%;

The latest transaction price of ADA is US$0.2872, with an intraday increase and decrease of +7.18%;

SOL's recent transaction price was US$17.288, with an intraday increase and decrease of +4.61%.

policy

▌Singapore Monetary Authority proposes relevant standards for digital currency

Golden Finance reported that on June 21, the Monetary Authority of Singapore released a white paper today proposing a common agreement to stipulate the conditions for the use of digital currencies, such as central bank digital currencies, tokenized bank deposits, and distributed ledgers. stablecoins. Prepared in collaboration with the International Monetary Fund, Bank of Italy, Bank of Korea, financial institutions and fintech companies, the white paper outlines the technical specifications of a purpose-bound currency (PBM) lifecycle from issuance to redemption, and interfaces with digital currencies agreement, etc. Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, said collaboration between industry players and policymakers could help to make important strides in settlement efficiency, merchant acquisition and user experience using digital currencies. More importantly, it enhances the prospect of digital currencies becoming a key component of the future of finance and payments.

▌**U.S. House of Representatives committee will vote on cryptocurrency and stable currency legislation in July

Jinse Finance reported that the Financial Services Committee of the U.S. House of Representatives will vote in July on legislation aimed at creating a clearer path for digital assets to convert from securities to commodities, and to develop a comprehensive framework for stablecoins. A U.S. congressional committee drafting new rules for digital assets is scheduled to debate the second week of July and could move forward with two proposed new laws. The July meeting will allow committee members to make changes to the text, and the final version will be voted up or down by the panel to report its favorability. Advancing the bills from committee would bring them to a vote in the full House.

Blockchain Application

▌R3Introducing an updated version of Corda

Jinse Finance reported that distributed ledger technology service company R3 announced an updated version of its flagship platform Corda. The release is designed for global financial market infrastructure providers and central banks, enabling applications to interoperate seamlessly and securely across other open enterprise DLT networks. In partnership with Adhara, R3 has also launched Harmonia, a Hyperledger Foundation lab, to accelerate the development of interoperability protocols for regulated financial institutions.

▌RSS3developed**“Web3 User Activity”plug-in is launched in ChatGPTstore

On June 21st, the RSS3 team announced that a plug-in called "Web3 User Activity" developed by them has been officially launched in the ChatGPT store. The "Web3 User Activity" plug-in collects and integrates information on the chain and provides it to ChatGPT. This action makes up for the lack of Web3 data in the AI field, enabling ChatGPT users to access more comprehensive on-chain content.

Cryptocurrency

▌Asset Management CompanyWisdomTree** and Invesco submit spot bitcoin ETF application again**

According to news on June 21, Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted that the asset management company WisdomTree once again submitted a spot bitcoin ETF application. Additionally, Invesco refiled its 19b-4 filing for a spot bitcoin ETF.

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Jinse Finance reported that according to coinglass data, with the rebound of the crypto market, the amount of liquidation on the entire network reached 124 million US dollars, of which the liquidation amount of short orders was about 94.26 million US dollars, and the amount of liquidation of long orders was about 30.16 million US dollars.

**▌Gray ScaleGBTC****Negative premium rate narrowed to 36.60%, recovered over 25% in half a year

News on June 21, according to Coinglass data, the current total holdings of Grayscale reached 21.306 billion US dollars, a single-day increase of 5.21%. The grayscale GBTC negative premium rate has narrowed to 36.60%, which has recovered about 25.13% from the highest point (48.89%) observed in December 2022. The trust premium rates of other mainstream currencies are as follows, ETH: -52.76%; ETC: -59.97%; LTC: -44.33%; BCH: -15.05%.

▌**GrayscaleGBTC soared to 17.35 US dollars, an increase of over 120% in half a year

News on June 21, according to market data, Grayscale GBTC soared to 17.35 US dollars and then fell back. The current price is 16.85 US dollars, a single-day increase of 11.44%, and an increase of 27.65% in the past 5 days. In addition, since the low point observed in December last year ($7.86), GBTC has increased by 120.73% in half a year. During the same period, the spot price of BTC has increased by about 71.85%. GBTC has outperformed BTC in the past six months.

▌**Tether**** will issue native **USDT on Kava

On June 21st, Tether announced that it will issue native USDT on Kava. USDT currently supports networks including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron.

▌MakerDAO**** bought 7 billion U.S. bonds again, accumulatively holding more than 12 billion U.S. dollars

Jinse Finance reported that MakerDAO completed the purchase of more than $700 million in U.S. Treasury bonds. After buying $500 million in bonds in October 2022, the group's total bond holdings now stand at $1.2 billion. MakerDAO invests in bonds to increase exposure to low-risk, liquid traditional assets. Monetalis Clydesdale Vault, a digital asset manager from DeFi lender Monetalis Group, completed the purchase on behalf of MakerDAO.

Important economic developments

▌****The inversion of the 2/10-year US bond yield deepened to nearly 100 basis points

According to news on June 22, the inversion of the U.S. two-year and ten-year Treasury yield curves deepened to 100 basis points, the largest inversion since March (the inversion in March reached 111 basis points, the deepest since the 1980s) . Prior to this, Federal Reserve Chairman Powell reiterated the need to raise interest rates to curb inflation in his semi-annual testimony to Congress, triggering market concerns about an economic recession. The inversion of the U.S. Treasury yield curve over the past year has been largely driven by the Federal Reserve’s interest rate hikes and expectations that tightening policies could drag on to a recession. The Federal Reserve last week paused its first interest rate hike in more than a year, but signaled more rate hikes this year. Chairman Jerome Powell reiterated that point during his congressional testimony on Wednesday. (Golden Ten Data APP)

Golden Encyclopedia

▌****Account

An account is a record in the ledger, indexed by its address, which contains complete data about the state of the account. In a currency system, this includes currency balances, and perhaps outstanding trade orders; in other cases more complex relationships can be stored in accounts.