Our Binance Research team puts a lot of effort into creating reports that identify key developments in the crypto space and summarise the performance of the market. Here's a look at what they reported in May 👇
Source: CoinMarketCap
XRP was the strongest performer this month. Ripple has been making moves to expand its capabilities, including the launch of a new platform to enable central banks, governments, and financial institutions to issue their own digital currencies. DOGE and SHIB were the two weakest performers among the top 10 coins in May. Despite the meme coin frenzy unfolding throughout the month, DOGE and SHIB could not escape the broader declines experienced across the market. Daily transaction volumes of Dogecoin reached all-time highs after the introduction of so-called “DRC-20 tokens,” though it remains to be seen if this activity will be sustainable.Decentralized finance markets fell 3.4% by total value locked to $47.9B.
Meanwhile, Nansen’s NFT-500 index extended its decline as the floor prices for notable NFT collections fell. Large overnight sales of major collections – including Doodles and Mutant Ape Yacht Club – were observed in May. Another potential factor was the meme coin frenzy, with traders rotating from NFTs and selling them to jump on the meme coin bandwagon picking up momentum.
This article is only a snapshot of the full report, which contains further insights and an analysis of the most important market charts from the past month. It also features a deeper dive into meme coins, BRC-20, Ethereum layer-2 fees, USDT, and LSDfi.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Binance Pay Scores Crucial Partnership in LatAm Despite Regulary AttacksBinance Pay, payments processor by world's largest crypto exchange Binance, teams up with Credencial Payments
Consulte Mais informação »
Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein.BernsteinBuzz says the U.S. regulatory action against crypto exchanges binance and coinbase is unfortunate, but not an existential risk. willcanny99 reports. BernsteinGautam
Consulte Mais informação »
IU research center takes new step in breast cancer research - accepting samples from menThe only repository of its kind in the world, IU's Susan G. Komen Tissue Bank has started collecting breast tissue from men in addition to women
Consulte Mais informação »
SEC’s Binance.US Probe Started in 2020, Court Filings ShowCourt filings made by SECGov reveal further details about their years-long investigation into BinanceUS - including the secretive profits made by the company. jackschickler reports.
Consulte Mais informação »
SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’The SEC lawsuit says that CZ and related entities involved in the lawsuit have made “purposeful efforts” to bypass U.S. regulatory oversight.
Consulte Mais informação »
'They Didn't Sue FTX' Binance CEO on Broad SEC CrackdownBinance CEO revealed in subtle way that SEC did not sue FTX, which obviously did something wrong
Consulte Mais informação »