Golden Web3.0 Daily | Ethereum may rise in the coming months

DeFi data

1. Total market value of DeFi tokens: 89.289 billion US dollars

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 5.035 billion US dollars

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets locked in DeFi: US$93.758 billion

Top ten rankings of DeFi projects and locked assets Data source: defillama

NFT data

1. Total market value of NFT: US$4.61 billion

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2. 24-hour NFT trading volume: 2.864 billion US dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs within 24 hours

The top ten NFTs with the highest sales in 24 hours Data source: NFTGO

Headlines

Coinbase: Ethereum may see unexpected gains in the coming months

Golden Finance reported that Coinbase (COIN) said in a research report on Wednesday that Ethereum has lagged behind the broader cryptocurrency market this year, but its long-term positioning remains strong and there is potential for unexpected gains. The report said that "Ethereum may see unexpected gains in the coming months," noting that the cryptocurrency does not have "major sources of excess supply," such as pressure caused by token unlocking or miner sales.

NFT Hotspots

1. Dolce & Gabbana was sued in the United States for causing user losses due to delayed delivery of NFT and Metaverse products

On May 17, Dolce & Gabbana USA Inc., the American company of Italian luxury brand Dolce & Gabbana, was sued by a customer who claimed that the NFT and clothing in the Metaverse that he spent $6,000 to buy lost 97% of their value due to the company's delivery errors. The complaint stated that the delivery of the digital clothing was 20 days later than scheduled and "can only be used on the Metaverse platform with almost no users." Even after the digital clothing was released, token holders were still unable to actually use them within the next 11 days because Dolce & Gabbana had not yet obtained approval from the Metaverse platform in advance. Luke Brown, who filed the lawsuit, said he lost $5,800 on the NFT he bought. Brown filed the lawsuit on behalf of a group of people who bought digital assets from the NFT project. The case also named the NFT market UNXD as a defendant.

2. Indian NFT market NFTFN completes 50 million rupees in financing

Golden Finance reported that Indian NFT market NFTFN announced that it had completed 50 million Indian rupees in financing through token distribution, equivalent to about 600,000 US dollars. The new funds will be used to expand its low-cost NFT trading platform SuperNova.

DeFi Hotspots

1.0xScope: OpenScope Mainnet is now online

On May 17, the knowledge graph protocol 0xScope officially stated that the OpenScope mainnet is now online. OpenScope uses 0xScope's comprehensive cryptocurrency event data set to train artificial intelligence models to predict price trends.

2.Notcoin: More than 1 billion NOTs have been donated to Telegram founder and Telegram

Golden Finance reported that Notcoin issued a statement saying that 1,030,383,291.36 NOTs (US$6.8 million) have been sent as donations to Telegram founder Pavel Durov and Telegram.

3.Coinbase: Ethereum may see an unexpected rise in the coming months

Golden Finance reported that Coinbase (COIN) said in a research report on Wednesday that Ethereum's performance this year has lagged behind the broader cryptocurrency market, but its long-term positioning remains strong and there is potential for unexpected rises. The report said that "Ethereum may see unexpected gains in the coming months," and pointed out that the cryptocurrency does not have "major sources of excess supply," such as pressure caused by token unlocking or miner sales.

4. Whales Market announced that it has launched Scroll points trading

On May 17, Whales Market announced that it has launched Scroll points trading on the Ethereum Layer 2 network.

5. LayerZero CEO: As many as 338,000 addresses have been recognized as witches

Golden Finance reported that LayerZero CEO Bryan Pellegrino said on the social platform that more than 338,000 addresses have been recognized as witches. According to less than 24 hours after the witch's self-report ended, the witch bounty activity will start at 10:00 on May 18. As previously reported, LayerZero will give all Sybil users an opportunity to self-report within the next 14 days and receive 15% of the expected distribution.

Game Hotspots

1.Signum Capital and Dahua Ventures announced investment in Blade Games, a game engine developer on the ZK chain

On May 17, Blade Games, a game engine developer on the ZK chain, announced that Signum Capital and UOB Venture Management (Dahua Ventures) have completed their investment in Blade Games. This round of financing will promote the development of Blade Games' modular ZK game engine and promote the development and adoption of trustless chain games based on WebAssembly and zkVM technology stacks. It is reported that Signum Capital is a Web3 crypto fund focusing on early-stage investments, investing in infrastructure, DeFi, and game projects. UOB Ventures Management is a wholly-owned subsidiary of UOB Bank (UOB) and makes direct investments in private companies.

2. Web3 football fantasy game GOALAI completes $3 million in financing, led by IDG capital

On May 17, Web3 football fantasy game GOALAI completed a $3 million financing round with a valuation of $25 million. Led by IDG Capital, KuCoin Ventures, Chain Capital, and OptaJoe participated in the investment. Previously, GOALAI also received a sponsorship of $400,000 from Sportsbetio. It is reported that GOALAI's goal is to closely integrate the football world with Web3, integrate blockchain NFT with the real-world football community, clubs, fans and football matches, and use the deep application of AI artificial intelligence to bring potential and commercial value to web3 football fans.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.