Golden Web3.0 Daily | Ripple reaches settlement with SEC

DeFi data

1. Total market value of DeFi tokens: US$111.73 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$11.721 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$112.151 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$22.396 billion

The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

2.24-hour NFT trading volume: US$ 3.807 billion


The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

Ripple reaches $50 million settlement with SEC

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have formally reached an agreement that will end years of legal disputes if approved by a judge. The parties agreed to a $50 million fine, well below the $2 billion originally requested by the SEC and "part of the $125 million fine ruled by Southern District Court Judge Analisa Torres last year." The agreement confirms the “principle settlement” announced by Ripple in March. Judge Torres ruled in 2023 that Ripple violated the Securities Act when selling XRP to institutional investors, but did not violate the Securities Act in the exchange of XRP for retail purchases. The case began in 2020 and was initiated by then-SEC Chairman Jay Clayton. Both parties have agreed to withdraw their respective appeals. The settlement comes as "SEC completely withdraws a series of crypto-investigation and litigation initiated by former Chairman Gary Gensler during his tenure." After Trump took office and appointed "pro-crypto Paul Atkins as new chairman", the SEC's attitude towards crypto regulation has changed dramatically. Driven by news, XRP rose 9% on the day.

MEME hot spots

1. The TRUMP dinner ranking will be locked on May 12, with the 220th weighted position of about 3,114 tokens

According to Golden Finance, TRUMP Tokens officially issued a statement saying that the TRUMP dinner ranking will be closed at 1:30 pm on May 12 (EST), and will lock in the top 220 dinner qualifications. Trump himself will attend the dinner in person on May 22. According to the ranking data, the 220th address currently holds 5,140.808 TRUMP tokens, 3,114.569 tokens weighted by time, and the final qualifications are ranked according to time. According to the rules, giant whale that has recently sold its positions will still be eligible for attendance.

2.TRUMP broke through US$13.5, with a 24-hour increase of 22.6%

According to Golden Finance, the market shows that TRUMP has exceeded US$13.5 and is currently quoted at US$13.70, with a 24-hour increase of 22.6%. The market fluctuates greatly, please do a good job in risk control.

DeFi hotspots

1.Lido: A dual governance mechanism will be launched soon

According to Golden Finance, Lido said on social platforms that it will launch a dual governance mechanism soon. The dual governance mechanism is a dynamic time lock mechanism that allows stETH holders to opt out of the Lido protocol on Ethereum when facing a controversial Lido DAO governance proposal.

2. Ethereum soared by 30% in one week, and is expected to achieve its best single-week performance in four years

According to Jinshi Finance, Ethereum led the cryptocurrency rally this week, driven by easing global trade tensions and optimism about network escalation, and is expected to achieve its biggest gain since 2021, according to Jinshi data. On Friday, the second-largest digital token, once soared 14% to $2,490, up nearly 33% this week, the biggest single-week gain since 2021, when excessive speculation and low interest rates drove the cryptocurrency boom in the pandemic era. Bitcoin, the largest digital currency, also rose 1.7% at one point to $104,336, said Valentin Fournier, chief research analyst at BRN. “The momentum is strong and may continue,” said. “New breakthroughs and policy support may attract new buyers.”

3. Ethereum 's market value surpasses Hermes, ranking 41st in global assets

According to Golden Finance, according to 8marketcap data, Ethereum currently has a market value of US$292 billion, ranking 41st in global assets, successfully surpassing Hermes (market value of US$291.67 billion). At the same time, Ethereum is only about US$12.83 billion away from Alibaba, which ranks 40th (with a market value of US$304.83 billion).

4.Babylon: The staking of the Babylon Genesis chain Bitcoin exceeded 50,000, and 60% have been activated

According to Golden Finance, Babylon released the second phase of the main network online update, which disclosed that the total amount of Bitcoin pledged by the Babylon Genesis chain has exceeded 50,000, of which 60% of the pledge has been activated to ensure the security of the Babylon Genesis network and obtain pledge rewards.

5.Camp Network announces its first public test network "K2"

According to Golden Finance, Camp Network announced the launch of its first public test network "K2", focusing on intellectual property management. The project completed a US$30 million Series A financing led by 1kx and Blockchain Capital in April. Camp said dozens of dApps will be deployed before the main network is launched, and the ecological partners cover more than 5 million users and creative content. Camp also builds a "clearable AI training data market" to promote verifiable traceability and fair monetization of IP in the fields of art, music, data, etc.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.