Compilation: Luan Peng, ChainCatcher
Important Information:
- Data: Trading Volume of 6 Hong Kong Virtual Asset ETFs Today Reached 45.34 Million Hong Kong Dollars
- Prototype of MEME Coin DOGE, KABOSU, Passes Away
- RootData: Net Inflow of ETH into CEX Exceeded 116 Million USD in the Past 24 Hours, Topping the Inflow List
- Insider: Musk's xAI to Complete New Round of Financing in June, Valuation May Exceed 24 Billion USD After Financing
- Lista Token Economics Disclosure: Total Supply of 1 Billion, Airdrop Proportion 10%
- ZK Hardware Startup Cysic Completes 12 Million USD Pre-A Round Financing, Led by HashKey Capital and OKX Ventures
- BlackRock's Ethereum Spot ETF Listed on DTCC Website
"What Important Events Have Occurred in the Past 24 Hours"
RootData: Net Inflow of ETH into CEX Exceeded 116 Million USD in the Past 24 Hours, Topping the Inflow List
According to Web3 asset data platform RootData, in the past 24 hours, the net inflow of ETH into CEX reached 116 million USD, ranking first on the 24-hour inflow exchange currency list. ETH has seen a 7-day increase of 28%, currently trading at 3,798.29 USD.
ZK Hardware Startup Cysic Completes 12 Million USD Pre-A Round Financing, Led by HashKey Capital and OKX Ventures
According to CoinDesk, zero-knowledge (ZK) hardware startup Cysic announced the completion of a 12 million USD pre-A round financing, led by HashKey Capital and OKX Ventures. The new funds will be used to accelerate the generation of ZK proofs in a faster, more cost-effective, user-friendly, and decentralized manner.
Insider: Musk's xAI to Complete New Round of Financing in June, Valuation May Exceed 24 Billion USD After Financing
According to Bloomberg, sources revealed that Musk's artificial intelligence company xAI will complete a round of financing in June, with a valuation that may exceed 24 billion USD after financing.
Prototype of MEME Coin DOGE, KABOSU, Passes Away
According to the owner of the prototype of MEME coin DOGE, KABOSU has passed away. A farewell party will be held for KABOSU on May 26.
Data: Trading Volume of 6 Hong Kong Virtual Asset ETFs Today Reached 45.34 Million Hong Kong Dollars
Hong Kong stock market data shows that as of the close of trading, the trading volume of 6 Hong Kong virtual asset ETFs today reached 45.34 million Hong Kong dollars, a 63.7% increase from yesterday. Among them: the trading volume of Huaxia Bitcoin ETF (3042.HK) was 15.17 million Hong Kong dollars; the trading volume of Huaxia Ethereum ETF (3046.HK) was 8.59 million Hong Kong dollars; the trading volume of CSOP Bitcoin ETF (3439.HK) was 6.85 million Hong Kong dollars; the trading volume of CSOP Ethereum ETF (3179.HK) was 9.23 million Hong Kong dollars; the trading volume of Bosera HashKey Bitcoin ETF (3008.HK) was 1.72 million Hong Kong dollars; the trading volume of Bosera HashKey Ethereum ETF (3009.HK) was 3.78 million Hong Kong dollars.
LayerZero Co-founder: "Hunters" Can Obtain 10% of the Original Airdrop Share of "Witches," with the Remaining 90% to Be Distributed to Other Eligible Users
LayerZero co-founder and CEO Bryan Pellegrino stated on social media that in the "Witch Hunt Bounty" activity, "hunters" can obtain 10% of the original airdrop share of the reported "witch" address, with the remaining 90% to be returned to eligible addresses. In addition, if the original tokens due to the witch address are 0, then the bounty hunter will also receive 0.
BlackRock's Ethereum Spot ETF Listed on DTCC Website
According to WatcherGuru, BlackRock's Ethereum spot ETF has been listed on the DTCC website with the code ETHA. It is reported that listing on the DTCC website is a "standard process" for launching new ETFs, and this does not indicate that the ETF has received any regulatory approval or other approval results.
Goldman Sachs Expects Fed to Start Cutting Interest Rates in September
Goldman Sachs expects the Federal Reserve to start cutting interest rates in September, previously the forecast was for July.
Data: Ethereum Staking Rate Reaches 27.15%, Lido Market Share Reaches 28.54%
According to Dune Analytics data, the total amount of ETH staked on the Ethereum beacon chain has reached 32,540,181 ETH, accounting for 27.15% of the total supply of ETH. Among them, the staking share of the liquidity staking protocol Lido has reached 28.54%. In addition, there has been a net inflow of 14,374,191 ETH since the Shanghai upgrade.
Data: Bitcoin Spot ETF Had a Total Net Inflow of 108 Million USD Yesterday, Continuing 9 Days of Net Inflow
According to SoSoValue data, the Bitcoin spot ETF had a total net inflow of 108 million USD yesterday (May 23, Eastern Time). The Grayscale ETF GBTC had a net outflow of 13.7209 million USD yesterday, bringing the historical net outflow of GBTC to 17.641 billion USD.
"What are the exciting articles worth reading in the past 24 hours"
SEC Finally "Clears the Way," Ethereum Spot ETF Successfully Breaks Through!
At around 5 am Beijing time on May 24, the U.S. Securities and Exchange Commission approved the 19b-4 form for 8 spot Ethereum ETFs. The eight issuers are Grayscale, Bitwise, iShares, VanEck, ARK & 21Shares, Invesco & Galaxy, Fidelity, and Franklin.
Everyone was waiting for this historic moment, and the SEC website crashed several times.
Previously reported, on Tuesday of this week, the SEC requested exchanges to expedite the update of the 19b-4 application. In the following two days, except for Hashdex, the eight others submitted the final revised 19b-4 form before the deadline. In addition, the S-1 filing (i.e., the prospectus of potential issuers) will be approved after the 19b-4, at which point each Ethereum spot ETF can prepare for listing.
In addition, the scale of Ethereum ETFs is expected to be smaller than that of Bitcoin ETFs in the initial stage. For example, the Grayscale Ethereum Trust currently has assets of approximately 11 billion USD, much smaller than the size of the Bitcoin fund before the company's conversion.
ChainCatcher and HTX Jointly Host "Web3 Future Night," Web3 Elites Gather in Vietnam to Focus on New Crypto Trends
With the vigorous development of global blockchain technology, Web3 is gradually becoming a new driving force leading technological innovation. In this global technological wave, Vietnam, as a rising star in the emerging markets of Asia, is rapidly becoming a key player in the Web3 industry. Looking ahead to the new year, Vietnam's role in Web3 technology innovation and crypto compliance is becoming increasingly prominent.
To accelerate the development of Web3 in Vietnam and provide a platform for in-depth communication, well-known Web3 media ChainCatcher, together with Huobi HTX, will jointly host the "Web3 Future Night" event. The event will be held during the GM Vietnam 2024 event in Ho Chi Minh City, Vietnam. At that time, the event will attract Vietnam's most influential KOLs, enthusiastic community members, talented crypto industry developers, and visionary project founders to gather together to discuss and look forward to the future development of Web3.
From Internet Celebrity Dog to Crypto Legend: Shiba Inu Kabosu and the MEME Culture It Leads
Crossed front legs, a tilted cute face, and those determined eyes… This is the "Doge," a meme star that has been popular worldwide for over a decade. On May 24, the original Shiba Inu prototype of the meme coin "Doge," Kabosu, a 19-year-old Shiba Inu, passed away in the caress of its owner.
For many cryptocurrency enthusiasts, the name "Kabosu" may not be familiar, but the shadow of Dogecoin has definitely appeared in their crypto wallets.
In addition to the cryptocurrency world, Doge has long been a legendary internet celebrity dog.
The Ethereum Foundation Has No Dreams
In the past few days, the reversal news of the Ethereum ETF seems to have completely changed the market's assessment of its fundamentals. Analysts who were previously very bearish made a 180-degree turn in just one day. With the formal approval of the ETF, ETH almost broke through the $4000 mark this morning, but behind the price surge, the Ethereum Foundation has reached a crossroads.
Since last year's EDCON in Montenegro, the industry's dissatisfaction with the Ethereum Foundation has begun to manifest. This organization seems to have entered a midlife crisis, and is in trouble in terms of structure, efficiency, and culture, and the decline is evident with the resurgence of Solana. After ETH officially became a global asset, the Ethereum Foundation seems to have become the biggest burden on this ecosystem.
Crypto AI Projects Are Not All Nonsense, How to Identify Real Scenarios and False Demands?
Navigating the intersection of crypto and artificial intelligence.
When looking for new alpha information, we inevitably encounter some junk information. When a project can quickly raise five to six figures of funding with just a semi-clear introduction and a decent brand, speculators will seize every new narrative. With traditional financial sectors joining the AI trend, the "crypto AI" narrative has exacerbated this problem.
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