Crypto Morning News - May 3rd

blockchain-world (64)in #morningnews • 3 years ago

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BTC broke $58,200, with an increase of 3.59% in 24H

BTC broke the $58,200 mark, and is now at $58,847.79, with an increase of 3.59% in 24H.

Ethereum breaks $3100, a rise of 6.26% in 24H

Data: The net outflow value of the chain in the past 7 days is $677 million Bitcoin

According to Glassnode data, in the past 7 days of transactions, there was a net outflow of Bitcoin worth $677 million, Ethereum worth $1.4 billion, USDT worth $565 million.

Norway Bank considers BSV feasibility for its CBDC

According to Coingeek, the Norway Central Bank is considering whether BSV can be a viable solution for its central bank's cryptocurrency, and mentioned BSV in a report on bank's available technology options. In addition, as of now, one of the most important indicators of global central bank interest in BSV is that the Norway Bank stated that some central banks consider BSV to be the preferred solution for DLT-driven technology.

BSV node operator Taal completes a strategic upgrade, enabling the BSV network to expand indefinitely to meet demand

According to Taal, as a complete node operator of the BSV blockchain, TAAL has completed a new node strategy upgrade and increased the default number of transactions on the chain. This change further enables the BSV network to expand indefinitely to meet demand, ensuring safe and instant transactions at predictable low fees.

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DOT will release 7.874 million DOTs this week, and a total of 2.732 million pledged last week

According to Subscan data, this week (May 3rd-May 9th) the total amount of DOT released by Polkadot was 7.874 million. The peak of the released pledge was on May 6, with a total of 5.282 million DOT released. Last week (April 26th - May 2nd) DOT pledged a total of 2.732 million last week, and the current DOT pledge rate of Polkadot is 65.0%.

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Ethereum's market value ranking rises to the 21st place in global assets

According to AssetDash data, the market capitalization of Ethereum has risen to the 21st place in global assets, currently about $352.28 billion, which has surpassed Home Depot and Bank of America, the second largest retailer in the United States.

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CZ: For all people who mock #bitcoin that I have ever met, none of them could explain what an address / pub key is.

Binance founder CZ recently tweeted: For all people who mock #bitcoin that I have ever met, none of them could explain what an address / pub key is. And they all show an attitude of refusal to learn. Yet, they have no problem mocking something they don't understand. Don't be like that .

Yesterday, Charlie Munger publicly expressed his dislike of Bitcoin's success at the Berkshire shareholder meeting. Think that it is contrary to the development of human civilization.
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Vitalik proposed a solution to build EVM Optimistic Rollup based on Truebit

Vitalik Buterin, the founder of Ethereum, proposed in the Ethereum Research Forum that the two-layer expansion solution Optimistic Rollup of Ethereum can be built based on the interactive verification protocol Truebit to solve the problem of repeated verification, and gave a basic plan. Truebit can enable smart contracts to safely perform complex calculations in a standard programming language to reduce gas costs. The protocol was launched on the Ethereum main network on April 21.

DeFi's total lock-up volume exceeded $110 billion, a record high

According to the latest data from DeBank, the total lock-up volume of DeFi exceeded $110 billion on May 2, a record high. The current total locked position is $111.24 billion, and the net locked position is $79.03 billion. The current top three DeFi agreements with locked positions are PancakeSwap ($14.2 billion), Uniswap ($10.3 billion), and Compound ($10.3 billion). The total lock-up amount (TVL) is the most important indicator when measuring the scale of a DeFi project. It is obtained by calculating the total value (USD) of all ETH and various ERC-20 tokens locked in the smart contract of the project .