[ChainDD Evening News] The balance of BTC exchange

Daily Quotes (21:00 pm on March 16, 2024)

ChainDD's market price on March 16 shows that the comprehensive DD Index and CoinMarketCap quotes:

BTC was trading at $68,233.00, down about 0.21% in 24 hours;

ETH was trading at $3,670.92, down about 0.87% in 24 hours;

BNB reported at $597.16, up about 1.42% in 24 hours;

DOGE reported at $0.1526, down about 6.72% in 24 hours;

DOT was trading at $10.25, down about 1.85% in 24 hours.

Chain circle dynamics

A new proposal from the Lido community proposes to allow LDO token holders to delegate their voting rights through "simple on-chain delegation"

The Snapshot voting page shows that the Lido community is voting on the "Simple on-chain delegation" signal proposal, aiming to approve the overall design of simple on-chain delegation. If the DAO approves the proposal, a vote specifically for on-chain changes will take place in April after all audits and security checks are passed.​

Simple on-chain delegation allows LDO token holders to delegate voting rights to other addresses and allows trustees to participate in on-chain voting on behalf of their delegated voters. In addition to this, it is also proposed to add the ability to delegate LDO rewards for TRP (Token Reward Program) participants.​

The proposal aims to address security and operational barriers arising from the lack of on-chain voting authority. This fast and cost-effective solution simplifies the user experience to an extent; however, it is intended to address a pressing need while developing a more comprehensive solution.

Currency news

Solana: In the four years since the creation of the genesis block, more than 27.6 billion transactions have been completed

Solana posted on the

Analyst: On the day BOME went online, the number of active addresses on the Solana network reached its peak in nearly a month

According to data shared by on-chain analyst @ai_9684xtpa, on the day BOME went online (March 14), the number of active addresses on the Solana network reached a peak of nearly a month (1.19 million), and the number of active addresses during the period from February 14 to March 14 The highest growth rate was 115.66%.​

Affected by the BOME craze, the number of newly issued Memes on the Solana network has surged in the past two days. The number of new SPL tokens on March 14 was 8,849, which is expected to exceed the peak value of the past month (9,690) this week.

Yesterday, the DEX trading volume on the Ethereum chain exceeded US$3.9 billion, and the DEX trading volume on the Solana chain exceeded US$3.5 billion.

DeFiLlama data shows that the transaction volume of DEX on the Ethereum chain on March 15 was US$3.939 billion, ranking first.

The daily trading volume of DEX on the Solana chain is US$3.573 billion, ranking second; the daily trading volume of DEX on the BSC chain is US$2.218 billion, ranking third.

The balance of BTC exchanges dropped to 1.82 million, a decrease of 60,000 so far this year

Coinglass data shows that the current BTC balance of major exchanges has dropped to 1.82 million, a decrease of 60,000 so far this year, including:

Binance BTC balance is: 541,272.20 pieces;

Bitfinex BTC balance is: 376,503.01 pieces;

Coinbase Pro BTC balance is: 359,819.42 pieces;

OKX BTC balance is: 133,769.48 pieces.

NFT sales on the Bitcoin chain exceeded $47 million in the past 24 hours, an increase of 391.64%

CryptoSlam data shows that in the past 24 hours, NFT sales on the Bitcoin chain were approximately US$47.2598 million, an increase of 391.64%, ranking first.

In addition, NFT sales on the Ethereum chain were approximately US$14.1424 million, ranking second; NFT sales on the Solana chain were approximately US$8.406 million, ranking third.

BlackRock IBIT had a net inflow of US$139 million yesterday

According to data from farside investors, BlackRock IBIT had a net inflow of US$139 million yesterday, and the total net inflow of Bitcoin spot ETFs on March 15 finally recorded US$198 million.

NetMind.Ai: Will redesign token economy, adjust emissions plan, and take steps to prevent massive sell-off from happening again

NetMind.Ai officially posted on social media that yesterday's rapid decline was due to early miners clearing 442,000 NMT (approximately $2.85 million) and did not involve any hacker attacks or security flaws. Future steps will be taken to prevent large-scale one-time sell-offs and to redesign the token economy to significantly adjust emissions plans.​

NetMind.Ai stated that it is recommended to lock early miner tokens in smart contracts on the NMT chain and set a structured vesting period to ensure the gradual release of the market. Dramatically shorten emissions timelines from 100 years to 5-10 years to adjust supply dynamics and incentivize sustainable growth.​

Full details will be shared soon. Additionally, a cap will be implemented on the number of tokens that any single entity can hold or mine within a certain time frame to prevent future concentrated selling of tokens that could threaten the sustainability of the project.

Nigeria SEC plans to increase crypto exchange registration fees to $93,000

The Nigerian SEC plans to increase the registration fee for crypto exchanges from US$18,620 to US$93,000, including filing fees and application fees.​

The total asset management scale of Bitcoin ETF exceeds US$61 billion, of which IBIT’s asset management scale exceeds US$15 billion.

Coinglass data shows that the total market value of Bitcoin ETFs (including spot and futures ETFs) is US$60.291 billion, and the total asset management scale (AUM) is US$61.161 billion. Among them, the top three Bitcoin ETFs by asset management scale are:

GBTC’s asset management scale reaches US$26.183 billion;

IBIT’s asset management scale reaches US$15.42 billion;

FBTC’s asset management scale reaches US$9.193 billion.