Rhythm Evening News | A list of important news on May 24

24-05-24 18:55
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Bitcoin spot ETFs had a total net inflow of $108 million yesterday, continuing net inflows for 9 consecutive days

On May 24, according to SoSoValue data, Bitcoin spot ETFs had a total net inflow of $108 million on May 23. Yesterday, Grayscale GBTC had a single-day net outflow of $13.7209 million, and the current historical net outflow of GBTC is $17.641 billion. The Bitcoin spot ETF with the largest single-day net inflow is BlackRock IBIT, with a single-day net inflow of $88.9516 million, and the current historical total net inflow of IBIT is $16.171 billion. The second is Fidelity FBTC, with a single-day net inflow of $19.1224 million. Currently, FBTC's total net inflow has reached $8.67 billion.


As of press time, the total net asset value of Bitcoin spot ETFs is $57.292 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 4.29%, with a historical cumulative net inflow of $13.435 billion.


Greeks.live: Options worth $2.7 billion will expire today. Judging from block trades and market trading structure, ETH's bullish sentiment remains strong

On May 24, according to Greeks.live data, 21,000 BTC options are about to expire, with a Put Call Ratio of 0.88, a maximum pain point of $67,000, and a nominal value of $1.4 billion. 350,000 ETH options are about to expire, with a Put Call Ratio of 0.58, a maximum pain point of $3,200, and a nominal value of $1.3 billion.


ETH took over the rise of BTC. Inspired by the progress of ETFs, it saw a 20% increase in a single day. The IV of short-term options once reached 150%, which is much higher than the current IV of BTC in the same period. Now BTC and ETH are clearly differentiated. Judging from the block trades and market trading structure, ETH's bullish sentiment is still strong, but it is difficult for the IV of major maturities to maintain a high level. Calendar spreads will be a better choice. On the other hand, BTC is more balanced in long and short positions, and the selling power is stronger.


Shenyu predicts the timeline and market impact of Ethereum spot ETF: S-1 may be passed in early June, and institutional investors may gradually enter the market after December

On May 24, Shenyu said on the social platform, "Based on the experience of BTC ETF and market public information, the timeline of ETH ETF is as follows:


· May 23: ETH 19B-4 is unexpectedly passed, and market makers begin to buy ETH spot to prepare for providing liquidity.

· Early June: S-1 may be passed. Referring to BTC ETF, the fastest time is 2 weeks, but the normal rhythm may take 3 months.

· Mid-June: S-1 After passing, trading may start immediately or within a few days.

· June to December: In the early stage of listing, the main capital inflow may come from retail investors, accounting for 80-90% of the total funds; institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure. Whether it can withstand such selling pressure remains to be seen.

· After December: Institutional investors may gradually enter the market over time. 」


In the past 24 hours, the entire network has exploded $378 million, mainly in long orders

On May 24, according to Coinglass data, in the past 24 hours, the entire network has exploded $378 million, of which long orders exploded $278 million and short orders exploded $100 million.


DOGE rose 7% in 1 minute and is now quoted at $0.1678

On May 24, according to OKX market data, due to the news of the death of Kabosu, the dog on the Dogecoin logo, DOGE rose 7% in 1 minute and is now quoted at $0.1678.


ONDO rose more than 19% in 24 hours and is now trading at 1.15 USDT

On May 24, Huobi HTX data monitoring showed that ONDO rose rapidly, rising to a high of 1.152 USDT, and is now trading at 1.15 USDT, with a maximum 24-hour increase of 21%.


Aevo: The first Aevo Airdrops project zerolend has been launched, and 400 million ZERO will be airdropped

On May 24, according to Aevo official news, the first Aevo Airdrops project zerolend has been launched, and 400 million ZERO will be distributed to users who are eligible for Zerolend's Aevo Airdrops. The claim link will be online at 8 am on May 24 (UTC). About 2,000 wallets meet this condition.


The snapshot was taken on May 15 (8 am UTC). Airdrop qualifications are:


Stakers with more than 1,000 AEVO staked at the time of snapshot.

ZERO pre-IPO traders, linearly distributed according to trading volume.


Lista Token Economics Disclosure: Total Supply 1 Billion, 10% Airdrop, 40% Community

On May 24, Binance Research Institute released a research report on Lista (LISTA) yesterday, disclosing the economics of the LISTA token. As of May 23, 2024, the total supply of LISTA is 1 billion, the circulating supply after listing is approximately 230 million (approximately 23.0% of the total token supply), and the Binance Megadrop quota is 100 million (approximately 10.0% of the total token supply). Regarding other types of allocations, airdrops account for 10.00% of the total tokens, investors and consultants account for 19.00% of the total tokens, the team accounts for 3.50% of the total tokens; the community accounts for 40.00% of the total tokens, the DAO treasury accounts for 8.00% of the total tokens, and the ecosystem accounts for 9.50% of the total tokens.


Lista DAO is reportedly a liquidity staking and decentralized stablecoin lending protocol. Users can stake and liquidize Lista, as well as borrow lisUSD using a range of decentralized collateral. The report also introduces the LISTA token: LISTA is the governance token of Lista DAO, used for the following functions: governance, protocol incentives, voting, and fee sharing. The protocol consists of the following synergistic main parts: decentralized stablecoin lisUSD and BNB liquid staking token slisBNB.


BlockBeats previously reported that Binance Megadrop Phase II will launch Lista (LISTA), with the specific start time to be announced.


Ethereum liquidity re-pledge protocol TVL exceeds 13 billion US dollars, ether.fi TVL exceeds 5 billion US dollars

On May 24, according to DeFiLlama data, the current TVL of Ethereum liquidity re-pledge protocol is 13.924 billion US dollars, among which the top three protocols in TVL are:


· ether.fi TVL is 5.534 billion US dollars, with a 7-day increase of 29.96%;

· Renzo TVL is 3.92 billion US dollars, with a 7-day increase of 28.9%;

· Puffer Finance TVL is 1.785 billion US dollars, with a 7-day increase of 30.72%.


Data: Ethereum staking rate has reached 27.15%, Lido market share reached 28.54%

On May 24, according to Dune Analytics data, the total amount of Ethereum beacon chain staking reached 32,540,181 ETH, and the staking ETH accounted for 27.15% of the total supply. Among them, the staking share of the liquidity staking protocol Lido reached 28.54%. In addition, there has been a net inflow of 14,374,191 ETH since the Shanghai upgrade.


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