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Golden Web3.0 Daily | USDC Will Become Japan's First Dollar Stable Coin

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Reprinted from jinse

03/05/2025·1M

DeFi data

1. Total market value of DeFi tokens: US$96.462 billion

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DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$8.335 billion

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

3. Locked assets in DeFi: US$97.911 billion

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

NFT data

1.NFT total market value: US$19.686 billion

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

2.24-hour NFT trading volume: US$ 2.426 billion

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

Top NFTs within 3.24 hours

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

Headlines

Circle 's USDC will become Japan's first dollar stablecoin

Circle's USDC will become Japan's first dollar stablecoin, and SBI VC Trade will be the first to list Circle's stablecoin under Japan's new payment framework.

MEME hot spots

1. 98.2% of the new share of Trump 's crypto project WLFI has been sold

According to the official website page information, 98.2% of Trump's crypto project WLFI has been sold by 98.2%. Previous news, the new supply price of Trump's crypto project WLFI increased to $0.05, with the previous round of selling price of only $0.015.

2.WLFI 's token portfolio has currently lost US$87.83 million

According to the on-link analyst @ai_9684xtpa, the token portfolio of the Trump family's crypto project WLFI has currently lost $87.83 million. With the market pulling back again, all tokens held by WLFI are in a floating loss state, with Ethereum (ETH) losing the most, reaching US$67.02 million, accounting for 76% of the total floating loss. In addition, WLFI has not increased its holdings of any tokens for 13 consecutive days.

DeFi hotspots

1.IntoTheBlock: Ethereum MVRV dropped to 1.01, hitting a new low since October 2023, usually marking a local bottom

Golden Finance reported that the Ethereum MVRV indicator hit 1.01 yesterday, the lowest level since October 2023, when ETH was trading slightly below $1,600. MVRV can be used to identify the top and bottom of the market. Historical data show that around 1.01 usually marks a local bottom, but it is rare to see such low values ​​during bull markets. Usually, this indicator's sharp decline mostly occurs in bear markets, and at deeper cyclical lows, MVRV may even fall below 0.70.

2.Sygnum expands its custodial platform to crypto options exchange Deribit

Swiss crypto banks Sygnum and Deribit are currently leveraging the "over-the- counter trading" service of cryptocurrency custodian Fireblocks, which allows traders to "mirrore" their custodial assets on the trading platform. This will allow traders to deposit their assets at regulated banks while continuing to gain deep liquidity from Deribit, according to Wednesday’s announcement.

3. Circle issues 50 million USDC on the Ethereum network

According to Whale Alert data monitoring, USDC Treasury issued an additional USDC on the Ethereum network at 17:06 Beijing time.

4. There was a problem with the Ethereum Sepolia test network after completing the Pectra upgrade, and the developer has begun to investigate.

Golden Finance reported that Tim Beiko, head of agreement support at the Ethereum Foundation, released an update on social media, and the Sepolia testnet had technical problems after completing the Pectra upgrade. "We are investigating the issues caused by custom deposit contracts on Sepolia. This has led to problems with some execution layer (EL) clients, including transactions in the block."

5. The Ethereum Pectra upgrade has been activated on the Sepolia test network

According to Golden Finance, the Ethereum Pectra upgrade has been activated on the Sepolia test network. Sepolia is the last important testing stage before the main network upgrade is launched, and the main network is expected to be launched next month. The Pectra upgrade (combined with the "Prague" execution layer and the "Electra" consensus layer update) introduces several improvements, including improving wallet user experience and account abstraction through EIP-7702, increasing the validator staking cap from 32 ETH to 2,048 ETH through EIP-7251, and increasing the maximum number of data blocks through EIP-7691 to improve capacity expansion performance.

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.

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