Cryptocurrency Exchange Visits Hit Record High in May

The mainstream coins in the cryptocurrency market collectively rose slightly today.

Cryptocurrency Exchange Visits Hit Record High in May

June 9 (Xinhua) — The mainstream coins in the cryptocurrency market collectively rose slightly today. As of press time, BTC is at $32,643.03, up 2.85% intraday, ETH is at $2,440.931, up 2.71% intraday, LTC is at $155.880, up 2.76% intraday, and OKB is at $13.720, up 2.08% intraday.

BTC contract positions today totaled $1.344 billion, the number of long and short positions than 1.25, active selling exceeded active buying volume of $96.09 million; elite positions, long accounts 44%, short accounts 53%, elite long and short average position ratio of 18.60% and 14.46%. deFi tokens rose, OKEx platform top three gains were: REN (+10.20%), ZRX (+8.94%), and CRV (+8.75%).

Industry News

[Data] Cryptocurrency Exchange Visits Hit Record High in May
Golden Finance reports that cryptocurrency exchanges saw a record number of visits in May, reaching 638.2 million, according to SimilarWeb data compiled by The Block. Compared to April’s figures, traffic increased by 20.4% in May.

[Industry] Japanese Social Media Giant LINE’s Crypto Subsidiary LVC to Launch NFT Marketplace

LVC, the cryptocurrency subsidiary of Japanese social media giant LINE, announced today that it will offer an NFT marketplace that will allow NFT transactions within its virtual currency wallet, LINEBITMAXWallet, with an undisclosed start date. LINE’s blockchain service development platform “LINEBlockchainDevelopers”, released in August 2020, is said to provide a build environment for issuing NFT tokens. At the same time, LINE will cooperate with to expand the business. Previously, Japanese exchange Coincheck has launched the NFT market, and GMO Group announced in April that it will enter the NFT market and will launch a trading platform for art and music works.

[Industry] Paraguayan congressman plans to propose new bill to attract crypto companies

Paraguayan congressman Carlos Rejala plans to introduce a bill next month to attract international mining companies and other crypto firms, Rejala said, adding that the project would allow cryptocurrency companies to finance their Paraguayan operations with cryptocurrencies, repatriate dividends and capitalize their cryptocurrency profits to local banks. The project aims to position Paraguay as a crypto hub in Latin America and set an example for other countries in the region. rejala added that if the bill is approved, he will seek to introduce a second bill to promote the use of bitcoin as legal tender.

[Industry] People’s Daily Overseas Edition: Blockchain development ushers in new opportunities

On June 9, the People’s Daily Overseas Edition published an article “Blockchain development ushers in new opportunities”. According to the article, the recently released “Guidance on Accelerating the Application and Industrial Development of Blockchain Technology” makes it clear that by 2025, the comprehensive strength of the blockchain industry will reach the world’s advanced level and the industry will take shape. Blockchain applications penetrate into many fields of economy and society, cultivate a number of well-known products in such fields as product traceability, data circulation and supply chain management, and form scenario-based demonstration applications. Industry insiders believe that blockchain technology application and industry development can help enhance the endogenous power of China’s high-quality economic development.

【Industry】BlockFi plans to raise hundreds of millions of dollars at a valuation of nearly $5 billion

BlockFi, a wealth management and trading firm for cryptocurrency holders, is in late-stage talks with new and existing investors and plans to raise hundreds of millions of dollars at a valuation close to $5 billion, according to two people familiar with the deal negotiations, Golden Finance reported. Third Point Management, a New York-based hedge fund run by activist investor Daniel Loeb, and Hedosophia, a London-based venture capital firm, are leading the new financing, with existing investors also participating, a person familiar with the matter said. The round values the company at about 70 percent higher than its March funding and 11 times its August valuation last year, according to financial data firm PitchBook. The latest funding round has not yet closed and its valuation could rise.

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