Bitpush weekend news review:
[Data: Tokens worth about $1.3 billion will be unlocked next week, of which PYTH accounts for about $943 million]
According to Token Unlocks data, tokens such as PYTH will see a one-time large-scale unlocking next week, with a total release value of approximately US$1.3 billion.
Among them: Pyth Network (PYTH) will unlock about 2.13 billion tokens on May 20th, Beijing time, accounting for 141.67% of the circulation, worth about US$943 million;
Avalanche (AVAX) will unlock approximately 9.54 million tokens on May 22 (Beijing time), accounting for 2.49% of the circulation, worth approximately US$347 million;
SPACE ID (ID) will unlock approximately 18.49 million tokens on May 22 (Beijing time), accounting for 4.29% of the circulation, with a value of approximately US$13.7 million;
Euler (EUL) will unlock approximately 4.66 million tokens on May 24th (Beijing time), accounting for 0.34% of the current circulation, worth approximately US$370,000;
Acala (ACA) will unlock approximately 4.66 million tokens on May 25th, Beijing time, accounting for 0.48% of the current circulation, worth approximately US$500,000.
[Blockchain game financing reached US$990 million in April, a new high since January 2021]
The April blockchain game industry report jointly released by DappRadar and the Blockchain Game Alliance shows that the investment scale in the blockchain game field in April reached US$988 million, setting a new high since January 2021. During the same period, the number of daily active wallets in this field also set a record, reaching 2.9 million.
In the first quarter of 2024, blockchain game investments totaled $288 million, with investments in April alone more than tripling that amount.
The report pointed out that players' interest in in-game digital assets has increased, and the gaming-as-mining model continues to drive player participation.
[Bloomberg: The crypto industry has donated $94 million to the 2024 US election, setting a record high]
According to data disclosed by Bloomberg, the crypto industry's donations to the 2024 US election have reached US$94 million, a record high, more than the US$83 million donated during the previous election cycle in 2020. It is reported that most of the donations come from political action committees (PACs).
Coinbase and Ripple Labs contributed a large amount of donations, with the former donating $20.5 million and the latter donating $20 million, and Coinbase CEO Brian Armstrong personally donated $1 million. Billionaire twins Cameron Winklevoss and Tyler Winklevoss each donated $2.5 million.
The crypto super PAC has focused on congressional races and has seen a good return on its investment in the process. In the 10 primaries where Fairshake and its allies spent at least $500,000 supporting or opposing candidates, they won eight, lost one, and left one undecided.
[ IntoTheBlock : The balance of addresses holding more than 1,000 BTC is close to the level before FTX went bankrupt]
Data disclosed by IntoTheBlock shows that since US regulators approved the Bitcoin spot ETF, the number of Bitcoins held by addresses holding more than 1,000 BTC has increased by approximately 250,000 BTC, and has now returned to close to the level before FTX's bankruptcy.
[ Ripple Q1 XRP Market Report: On-chain transaction volume increased by 108%, and the average cost per transaction decreased by 45%]
Ripple released the XRP market report for the first quarter of 2024. The key points are as follows:
XRP price bottomed out in mid-February and peaked in March, with volatility levels still above 90%;
Binance continues to account for a large portion of XRP spot exchange trading volume, but the contribution of different exchanges varies, with Coinbase, Bitstamp and Upbit also accounting for a significant proportion of the total trading volume. The distribution of XRP trading volume across exchanges remained fairly stable in the first quarter, with Binance, Bybit and Upbit accounting for more than 70% of the total trading volume;
The percentage of trading volume between fiat currency and XRP has dropped from 15% in the fourth quarter of last year to 11%. Currently, most XRP trading activities are related to USDT.
On-chain transaction volume increased by 108%, and the average cost per transaction decreased by 45%;
As of March 31, 2024, Ripple holds a total of 4,836,166,156 XRP, and the total amount of XRP hosted on the ledger is 40,100,000,005.
[ Tether CEO: Tether may invest a lot of resources to build a P2P financial market terminal based on Holepunch technology]
Tether CEO Paolo Ardoino posted on the X platform that Tether may invest a lot of resources to build a P2P financial market terminal based on Holepunch technology. As humans enjoy getting rid of monopolistic intermediaries in payments, we can also get the same results in financial market data infrastructure. Any exchange in the world will maximize the income from its own data while maintaining direct control over its use. Financial markets will become more resilient as a result, and the world may become a better place.
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