Golden Morning Post | Bitcoin market share rises to 44.5%

Headline

▌**Data: Bitcoin’s market share has risen to **44.5%

Jinse Finance reported that according to data from Coingecko, the current market share of Bitcoin has rebounded to 44.5%, and the market share of Ethereum is 18.6%. The total market value of cryptocurrencies on the entire network is temporarily reported at 1,180,634,005,292 US dollars, an increase of 0.5%.

▌**Offchain Labs**** distributed a total of 74 million million pieces of **ARB to 21 addresses

Jinse Finance reported that, according to Spot On Chain monitoring, Offchain Labs distributed a total of 74 million ARBs (worth about $85.9 million) to 21 addresses, and the distributed ARBs will be temporarily locked. In the past 12 days, a total of approximately 602 million ARBs (worth nearly $700 million) have been distributed to 34 addresses. Note, while these ARBs may not have hit the market yet, traders should take note as this is a huge flow.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 27030.33 US dollars, with an intraday increase and decrease of +0.52%;

The latest transaction price of ETH is 1816.96 US dollars, with an intraday increase and decrease of +0.14%;

The latest transaction price of BNB is 310.45 US dollars, with an intraday change of +0.63%;

The latest transaction price of XRP is US$0.4681, with an intraday increase and decrease of +0.31%;

The latest transaction price of DOGE is US$0.07368, with an intraday increase and decrease of +0.23%;

The latest transaction price of ADA is US$0.3656, with an intraday increase and decrease of +0.23%;

The latest transaction price of MATIC is US$0.8742, with an intraday increase or decrease of +0.47%.

policy

▌Deutsche Bundesbank Balz: The digital euro is not only an option, but a necessity

Jinse Finance reported that Burkhard Balz, a member of the Supreme Executive Committee of the Deutsche Bundesbank, said bluntly at the 2023 Tsinghua Wudaokou Global Financial Forum on the 20th that if the central bank currency is to be widely used when society enters the digital age, the digital euro will Not just an option, but a necessity. With the digital euro, we aim to bring all the advantages of cash into the digital realm. The digital euro will enable the public to have efficient and convenient payment methods, and it will be widely used throughout the euro area, just like cash is today. Baltz also mentioned that when people ask me when the digital euro can be distributed among users, I am still cautious, we are talking about at least three years, so it may not happen before 2027.

▌Governor of West Java, Indonesia: is preparing to establish a bitcoin exchange in Indonesia

Jinse Finance reported that Ridwan Kamil, Governor of West Java, Indonesia, said that we are now preparing to establish a bitcoin exchange in Indonesia, and the new generation is buying bitcoin as a reserve. Hope Indonesia can become a bitcoin paradise in the future. Also, in hopes of bringing more BTC mining into the country, Bitcoin mining is helping to create an affordable energy price.

Blockchain Application

▌Bitcoin payment appStrike** expands to over 65 countries**

Jinse Finance reported that Jack Mallers, the founder and CEO of Bitcoin payment provider Strike, said that he is expanding its application from the current bases in the United States, El Salvador, and Argentina to more than 65 countries. The Strike app uses Bitcoin and the Lightning Network to provide global payments and remittance services. The app, which now features a brand new user interface, also enables users to hold funds in BTC and USDT.

Cryptocurrency

▌Aave V2's latest update has made about 1.1 billion US dollars assets unable to withdraw

According to the news on May 20, the latest update of Aave V2 makes it impossible to withdraw funds, borrow and repay about 110 million US dollars of WETH, USDT, WBTC, and WMATIC on Aave V2 on Polygon. At present, Aave has submitted a patch to fix this problem, which will be deployed after voting. The reason for the problem is that Aave V2's Polygon implementation uses a slightly different function definition list for its interest rate strategy contract, making it buggy after the update.

▌****The total market value of tokenized money funds has tripled this year to nearly 5 billion U.S. dollars

On May 20th, according to data compiled by CoinDesk, the total market value of tokenized money market funds has tripled this year to nearly $500 million, including Franklin OnChain US Government Money Fund with a scale of $276 million and a scale of $132 million. OUSG and SBTB with a size of US$72 million.

▌Ordinals The total amount of agreement inscriptions has exceeded 800 million pieces

Jinse Finance reported that the data shows that the total number of "inscriptions" of the Ordinals protocol on Bitcoin has exceeded 8 million.

▌The number of Bitcoin lightning network nodes is 16,444

Jinse Finance reported that 1ML data shows that the current number of Bitcoin lightning network nodes is 16,444, a decrease of 0.08% in the past 30 days; the number of channels is 71,792, a decrease of 3.6% from a month ago; the network capacity is 5,305.59BTC, a decrease of 2% month-on-month .

Important economic developments

▌The White House issued a statement stating that it will not default on its debt and plans to continue reducing the federal government deficit

Golden Finance reported that on May 19 local time, White House press secretary Karina Jean-Pierre said that U.S. President Joe Biden remains optimistic about the debt ceiling negotiations, saying that no default is the bottom line and there is no negotiation room. Jean-Pierre referred to the latest survey, which said 58 percent of Democrats support reducing the federal deficit while raising the debt ceiling. The Biden administration plans to continue efforts to reduce the federal government deficit, she said. U.S. President Joe Biden is said to have made it clear he wants to eliminate wasteful spending, such as subsidies to oil companies and big pharma.

Golden Encyclopedia

▌****Digital Signature

A digital signature algorithm is a process in which a user can use a private key to generate a short string of data called a signature for a document, so that anyone who has the corresponding public key, signature and document can verify

(1) The file is "signed" by the owner of a specific private key,

(2) The document has not been altered since it was signed. Note that this is different from traditional signatures, where you can smear extra text after the signature, and it cannot be discerned in doing so; any changes to the document after the digital signature will invalidate the signature.