headlines
▌GoldenData Zang META Official Website Officially Launched the Beta Test Version Today
According to official news, the official website of Golden Data Zang META officially launched the beta test version today, and will start the free grabbing event for limited digital collections of Xi Shi at 5:20 pm today. Click the original link to view the collection tutorial. It is reported that Golden Data Collection META is a digital art and culture collection platform incubated by Golden Finance and relying on Tencent Zhixinlian.
quotes
As of press time, according to Huobi global data:
The latest transaction price of BTC is 29220.67 US dollars, with an intraday increase and decrease of +0.28% ;
The latest transaction price of ETH is 1961.24 US dollars, with an intraday increase and decrease of +0.07% ;
The latest transaction price of SOL is 49.32 US dollars, with an intraday change of -0.20% ;
The latest transaction price of MATIC is US$0.63, with an intraday increase and decrease of +0.66% ;
NEAR's recent transaction price was US$5.73, with an intraday increase and decrease of +0.57% ;
The most recent transaction price of ENS is US$13.50, with an intraday increase and decrease of +5.00% ;
The latest transaction price of DOGE is 0.08 yuan, with an intraday increase and decrease of +0.02% .
policy
▌Cyprushas drafted a bill on the regulation of encrypted assets
Jinse Finance reported that Cyprus has already prepared its own legislation to regulate encrypted assets and may implement it before Europe finalizes a common regulatory framework. According to the European Innovation Scoreboard, Cyprus has an "enviable position" in the EU in terms of innovation, ranking second for progress last year, Cyprus Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos said at a meeting with the local fintech community. The theme of the event is Digital Assets, Entrepreneurship and Financial Technology. The deputy minister then revealed that the Cypriot government had drafted a “very attractive bill on crypto assets.”
▌NorgesBank: Encrypted Assets and Services Need Better Supervision
On May 20th, Norway’s central bank stated that encrypted assets and services need better supervision.
Blockchain application
▌Sofar, the total sales of NFT on 18 blockchains have exceeded 36 billion US dollars
Jinjin Finance News, the statistics recorded by CryptoSlam this week show that the total sales of NFT have exceeded 36 billion US dollars so far. These NFTs come from 18 blockchains, including Ethereum , Ronin, Solana, Avalanche, Wax, Polygon , and Flow, among others. Among them, Ethereum-based NFT sales accounted for more than 75%, ranking first. The other top ten blockchains were Ronin ($4 billion), Solana ($2.2 billion), and Flow ($1 billion). , Polygon ($591 million), Wax ($430 million), Avalanche ($277 million), Immutablex ($98.7 million), Palm ($50.5 million), and Tezos ($40.4 million).
cryptocurrency
▌GoldenData Zang META Official Website Officially Launched the Beta Test Version Today
According to official news, the official website of Golden Data Zang META officially launched the beta test version today, and will start the free grabbing event for limited digital collections of Xi Shi at 5:20 pm today. Click the original link to view the collection tutorial. It is reported that Golden Data Collection META is a digital art and culture collection platform incubated by Golden Finance and relying on Tencent Zhixinlian.
▌Britishregulators will jointly formulate new encryption regulations with the Ministry of Finance in light of the recent instability in the stablecoin market
According to news on May 20, the British market regulator is paying close attention to the chaos in the encrypted market after the Terra incident. Sarah Pritchard, the executive director of the market for the country's Financial Conduct Authority, said that the regulator will start working with the Ministry of Finance to formulate and implement encrypted assets later this year. New rules definitely need to take into account the "recent instability in the stablecoin market." Pritchard said that if it works well, innovation will continue, and it is clear that we have seen the consequences and some problems that may arise. In addition, Pritchard said Citing an Opinium survey released by the FCA in October, nearly 70 percent of adults aged 40 or younger who purchased cryptocurrencies wrongly believe that digital assets are regulated.
▌Republicanmember of the US House of Representatives: Regulated stable currency has the potential to become the cornerstone of the modern payment system
According to news on May 20, according to a document submitted by Republican members of the Financial Services Committee of the U.S. House of Representatives to Chairman Powell of the Federal Reserve, Republican members believe that when the Federal Reserve considers the next move, we believe that it is necessary to first understand the problems that CBDC will solve and the problems that CBDC will solve. Whether the benefits outweigh the risks to commercial banks, existing payment systems and consumers. In addition, the Republican Committee believes that stablecoins issued under a clear regulatory framework will have the potential to become the cornerstone of a modern payment system, and stablecoin transactions may become a more efficient, faster, and cheaper payment method.
▌Cryptoanalyst: GBTC’s discount reaches -31.4%, the highest point in history
Jinse Finance reported that crypto analyst venturefounder tweeted that the discount of GBTC reached -31.4%, which is the highest point in history, which means that the implied price of Bitcoin in GBTC is $20,580. Therefore, to some extent, With BTC already at $20,000, it will be interesting to see when the discount rate starts to reverse, as it could mean that institutions believe BTC has bottomed out.
▌KweichowMoutai will release "Moutai in Solar Terms" series of digital collections
According to news on May 20, Kweichow Moutai officially announced that it will release the "Moutai in the Solar Terms" series of digital collections on May 21, including a total of 53 digital collections, which match the classic degree of Moutai at 53°, and are divided into 24 There are two categories of solar term series and traditional festival series, with a total of 9,605 copies. This series of digital collections is only provided to users who make reservations and win the lottery for free, and each user is limited to 1 copy. The world premiere of the "Moutai in Solar Terms" series of digital collections will be in the form of a blind box. This overall sale will be carried out in two batches.
▌WorldEconomic Forum: Digital currency will reshape the global trade pattern
According to news on May 20, as the society enters the digital age, more forms of digital currency are engaged in fierce market competition in order to quickly promote themselves, and may change international trade from three aspects: First, improve the efficiency of cross-border payments. Digital currency relies on decentralized ledgers, which can send and receive funds within seconds around the clock. The second is to provide another kind of credit information for trade finance, helping to address the $1.7 trillion global trade finance gap. The third is to reduce risks. Digital currencies can provide alternative payment methods for some countries that want to participate in global trade. The world is entering the era of digital currency, and the international trade community needs to be prepared to seize the opportunities of this new era by bridging the digital divide. To realize the full potential of digital currencies, advances in payments technology need to go hand in hand with the digitization of trade. Trade policymakers need to focus on creating the right infrastructure and legal foundation for digital payments to create trade opportunities for the future. Countries will also need to sign new types of trade agreements that provide market access for private issuers of digital currencies, allow payments and work together, and support the free and trusted flow of data.
▌Tonglu, Hangzhou issued digital RMB coupons for the first time
According to Jinse Finance News, the Tonglu County Bureau of Commerce and the digital renminbi pilot bank have issued 5 million yuan of discount vouchers for 44 consecutive days, of which the digital renminbi consumption vouchers are not less than 1 million yuan. This is the first time that Tonglu has issued consumer vouchers in the form of digital renminbi. . At present, more than 200 supermarkets in Tonglu have realized the construction of digital renminbi payment digital scenarios, including Hangzhou Asian Games Equestrian Stadium and Asian Games sub-villages have also completed the construction of digital renminbi scenarios.
▌ShengYe landed the application scenario of "Digital RMB + Supply Chain Finance" for the first time
Jinse Finance News, Sheng Ye (06069) announced that recently, with the guidance and support of Tianjin Local Financial Supervision and Administration Bureau (“Tianjin Financial Bureau”), the group and Industrial and Commercial Bank of China Co., Ltd. Tianjin Branch (“Tianjin Branch”) Industrial and Commercial Bank of China (Tianjin Branch") cooperation, successfully implemented the innovative application scenario of "digital renminbi + supply chain finance" ("cooperation") for the first time, realized supply chain digital financial services for customers in the form of digital renminbi, and planned to use digital renminbi and smart contracts Upgrade the account system.
important economic trends
▌Ashares closed: Shenzhen Stock Exchange Blockchain 50 Index rose 2.93%
Golden Finance News, A-shares closed, the Shanghai Composite Index closed at 3146.57 points, up 1.6% at the close, the Shenzhen Component Index closed at 11454.53 points, up 1.82% at the close, and the Shenzhen Blockchain 50 Index closed at 2828.53 points, up 2.93% at the close. The blockchain sector closed up 1.29%, and the digital currency sector closed up 1.08%.
▌Thethree major U.S. stock indexes closed mixed, and the Dow fell for 8 consecutive weeks
According to news on May 21, U.S. stocks rose rapidly in late trading, and the three major indexes closed mixed. The Nasdaq fell 0.3%, falling 3.82% this week, creating a 7-week losing streak; the S&P 500 rose 0.01%, falling 3.04% this week, creating a 7-week losing streak, the longest losing streak since 2001; The Dow rose 0.03%, and fell 2.9% this week, marking an 8-week losing streak.
Golden Encyclopedia
▌AlgorithmicStablecoins: Unstable Stablecoins
Algorithmic stable currency, as the name implies, is a method of adjusting the total amount of currency in the market based on an algorithm, increasing the market supply when the price of the stable currency is higher than the anchor price, and recovering the supply when the price of the stable currency is lower than the anchor price, or to provide arbitrage space balance Stablecoin prices. The establishment of this model does not anchor real legal currency and does not need to mortgage stable currency. It is regulated by market will and algorithms, and the market is also called elastic currency. At present, there are two mainstream models of algorithmic stablecoins that provide algorithmic support, one is ampl, and the other is esdbac compound stablecoin.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for informational reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
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