Crypto Morning News - May 8th, 2021

ETH breaks through $3500

ETH rose in short-term, breaking through $3,500, and is now at $$3,520.33.

[from tradingview]

The balance of Ethereum 2.0 pledge address exceeds 4.4 million

According to OKLink data, the current Ethereum 2.0 deposit contract address has received 4404322.0 ETH, and the pledge amount exceeds 4.4 million.

The total market value of stablecoins exceeds $91 billion and hits a record high

Coingecko data shows that the current total market value of stablecoins has exceeded $91 billion, a record high, currently at $91.855, with a trading volume of $19,675.75 billion. According to the market value ranking, the current top three stablecoins are USDT ($55.303 billion), USDC ($15.230 billion) and BUSD ($8.508 billion).

86 Bitcoin Whale addresses accumulated about 120,000 BTC last month

According to Santiment data, there are currently 86 Bitcoin addresses holding at least 10,000 BTC. In the past month, these whale wallets have accumulated about 120,000 BTC, accounting for about 0.67% of the total supply, and worth about $6.9 billion. This is the most sustained accumulation since July 2019.

ETC Community Relations Director: ETC needs ECIP-1098

Stevan Lohja, ETC Community Relations Director, tweeted today: “#EthereumClassic relies on donations and benefactors. Porting #Eth under legacy leadership in 2019/mid-20 was not infrastructure. #ETC ecosystem has infrastructure gaps and needs more full-time staff especially if we want to scale efficiently. $ETC needs ECIP-1098."

Note: ETC officially announced in September last year that it initiated the 2020 agreement to implement the three major network proposals including ECIP-1098. Among them, ECIP-1098 hopes to levy taxes on miners to provide funds for various developer teams and auxiliary projects to maintain ETC development.

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Average website traffic on crypto exchanges surged 43% month-on-month in April

ICO Analytics compared the website traffic of crypto exchanges in March 2021 and April 2021 based on SimilarWeb data and found that the average website traffic of crypto exchanges in April increased by 43% month-on-month. Among them, Binance and Coinbase still had the highest website traffic. , The number of visits reached 450 million and 93 million, an increase of 58% and 18% from the previous quarter, followed by the Indonesian cryptocurrency exchange INDODAX (with 30 million visits). PancakeSwap ranked fourth with 26 million visits, an increase of 135 from the previous month. %. In addition, Uniswap's website traffic increased by 8% month-on-month, with 11 million visits, ranking 11th.

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Phillips auction house will auction Banksy works and accept cryptocurrency payments

The iconic work of street artist Banksy will be auctioned again and paid in cryptocurrency, this time at the Phillips auction house in Hong Kong. According to Friday’s announcement, the Phillips Auction House is selling a work called "Laugh Now Panel A" with an estimated value of between $2.82 million and $4.1 million. This is the first time the auction house accepts Bitcoin or Ethereum as a payment method for artworks.
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Mayor of Miami: The government cannot regulate Bitcoin

At the Ethereum Global Summit on the second day, the Mayor of Miami, Francis Suarez, stated that Bitcoin today has a similar status to Uber in 2014. Suarez said: "The regulation of Bitcoin reminds me of many things that the government cannot regulate Uber. You can't shut down everyone's computers. This is impossible. This is beyond the scope of regulation." (from Decrypt)

Bitfarms is approved to be listed on the Nasdaq Global Market

According to a CoinDesk report on May 8th, according to a press release, Nasdaq has approved the listing of the common stock of Canadian Bitcoin mining company Bitfarms on the Nasdaq Global Market under the ticker symbol BITF. The listing of Bitfarms symbolizes the increasing legitimacy of the Bitcoin mining industry and Bitcoin itself.

Grayscale parent company DCG bought $81.3 million worth of GBTC in Q1 of 2021

According to a U.Today report, the quarterly report of the Digital Currency Group, the parent company of Grayscale, shows that the group bought $81.3 million worth of Grayscale GBTC in the first quarter of 2021.
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Goldman Sachs announces a new cryptocurrency trading team, which has successfully traded two bitcoin-related derivatives

According to an internal memo obtained exclusively by CNBC, Goldman Sachs notified its market staff on Thursday that a newly created cryptocurrency trading desk has successfully traded two bitcoin-related derivatives. The cryptocurrency team exists in the company's global currency and emerging market trading department, reports to Goldman Sachs partner Rajesh Venkataramani, and is part of the overall digital asset business of Goldman Sachs led by Mathew McDermott.

Earlier news, Goldman Sachs is providing investors with non-deliverable forward (NDF) services, which are derivatives linked to the price of Bitcoin and can be paid in cash. The bank will use Cumberland DRW as its trading partner to avoid the huge volatility risk of Bitcoin by buying and selling Bitcoin futures in CME Group block trades.

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Grayscale's cryptocurrency asset management scale reaches nearly $52 billion

According to Finance Magnates, Grayscale announced yesterday that the total value of the company's managed crypto assets (AUM) has reached nearly $52 billion. According to Grayscale's official Twitter, at present, the total amount of encrypted assets managed by the company is approximately $51.8 billion. Grayscale has 650,000 Bitcoins with a total value of more than $37 billion. It also has more than 3 million Ethereums, valued at more than $11 billion.

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MARKET DATA - TOP 10 [ from CoinMarketCap ]

THANKS ALL