Market Update
As of May 31, the cryptocurrency market shows modest gains with muted recovery momentum:
- BTC: $36,018.14 (+1.41%)
- ETH: $2,500.584 (+4.88%)
- LTC: $178.583 (+2.61%)
- OKB: $13.280 (+3.18%)
Top performers on OKEx:
- BAND: +31.71%
- PNK: +23.29%
- PICKLE: +22.74%
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OKEx Trading Data Insights:
- BTC contracts: $1.346B open interest, 1.40 long/short ratio.
- Elite traders: 44% long, 49% short, with average positions at 22.49% (long) and 13.52% (short).
Industry Highlights
1. DBS Bank Issues $11.3M Digital Bonds via STO
Singapore’s DBS Bank launched its first Security Token Offering (STO), issuing a 6-month digital bond with a 0.6% annual coupon rate through its Digital Exchange (DDEx).
2. ZKSwap Joins DeFi Alliance Accelerator
The Layer-2 trading protocol ZKSwap (ZKS) entered DeFi Alliance’s accelerator program alongside Sushiswap and Bancor. Upcoming V2 launch in June will introduce NFT protocols on Ethereum’s Layer-2 by July.
3. Brazil’s CBDC Framework Unveiled
Brazil’s Central Bank published preliminary guidelines for a potential Central Bank Digital Currency (CBDC), signaling active internal discussions.
4. DeFIL (Filecoin Lending) Integrates with DeFiBox
The decentralized Filecoin lending platform DeFIL is now accessible via DeFiBox, offering users FIL staking rewards and governance token DFL.
5. Ray Dalio on Bitcoin as "Alternative Currency"
Bridgewater’s founder noted Bitcoin’s role as a digital alternative to fiat, highlighting competition from potential digital yuan internationalization but cautioning about privacy trade-offs.
FAQ
Q: How does Brazil’s CBDC differ from existing cryptocurrencies?
A: Unlike decentralized crypto, Brazil’s CBDC would be state-issued, aligning with monetary policies while leveraging blockchain efficiency.
Q: What benefits does ZKSwap V2 offer?
A: Enhanced scalability, lower fees, and NFT support, positioning it as a key Ethereum Layer-2 solution.
Q: Why is DeFIL’s Filecoin integration significant?
A: It unlocks liquidity for FIL holders through decentralized lending, boosting Filecoin’s DeFi ecosystem.
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