ETH Weekly Report | A 12% drop during the week, ETH launched a defense of $200; Bloomberg terminal will launch Cadence, a debt tool based on Ethereum (6.3-6.9)

Author | Qin Xiaofeng

secondary title

Produced | Odaily

1. Overall overview

1. Overall overview

This week, Bloomberg Terminal will launch Cadence, a blockchain-based financial tool, which has obtained the Financial Instrument Global Identifier "FIGI". Cadence's FIGI also includes the Ethereum smart contract address.

Second, the secondary market

Second, the secondary market

1. Spot market

1. Spot marketThe data shows that this week, the price of ETH fluctuated and went down, closing at 235.78 USDT during the week, and fell 12% during the week; the price closed below the 5-day moving average (242 USDT) and the 10-day moving average (251 USDT), forming a short-term bearish pattern.

image description

(Picture from Huobi Pro)

In addition, from the perspective of the moving average (MA): on June 3, the 5-day MA (yellow line) crossed the 10-day MA (purple line) downward to form the first "dead cross"; MA continues to cross the 30-day MA (green line) downwards to form the second "dead fork". On June 10, the 10-day MA is about to cross the 30-day MA downwards, forming the third "dead fork".

image description         

(data from AIcoin)

(data from AIcoin)

In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Monday, exceeding US$140 million; the net inflow of funds on Wednesday was relatively high, only US$39 million.The net outflow of funds from the entire network of ETH this week exceeded 250 million US dollars. last week'sETH Weekly

(data from Tokenview)

(data from Tokenview)

Tokenview dataimage description

(more than 50,000 ETH transfers)

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

according to

2.Dapp

according toDappreview dataDappreview data

DappraderThe data shows that the newly added Dapp "ETHpixel" has the highest seven-day transaction volume, with a transaction volume of 6 ETH and a seven-day daily activity of 3 people. ETHpixel is a pixel game that runs on the Ethereum network. Players earn ETH by selling pixel areas.

image description

image description

(data from etherchain.org)

etherchain.orgimage description

(Mining difficulty changes)

(add address)

It is worth noting that due to the sharp drop in computing power this week, the activity of miners has dropped, and the number of new addresses has dropped sharply, with a month-on-month drop of about 10%.

4. News

4. News

1. Bloomberg terminal will launch Cadence, a debt tool based on Ethereum

The Bloomberg Terminal will launch the blockchain-based financial tool Cadence, which has obtained the financial instrument global identifier "FIGI". Cadence's FIGI also includes the address of the Ethereum smart contract. (CoinDesk)

2. Binance Research Institute: The vast majority of DeFi DApps are built on the Ethereum blockchain

According to a Binance Research Institute report on June 6, Ethereum developers constitute the vast majority of DeFi DApp creators, and the main foundation of the DeFi ecosystem is a lending platform that supports blockchain assets. [Original link]

3. Russia’s Third Largest Retailer Uses Ethereum Technology to Streamline Trade Finance Process

After a six-month pilot phase, Dixy, Russia’s third-largest retailer, has announced the launch of a new trade finance platform. The new system, developed on a private version of ethereum, allows Dixy’s suppliers to receive payments within one business day instead of the previous two weeks. (CoinDesk)

4. Globex launches KYCware, a KYC software solution based on the Ethereum blockchain

Globex, a SaaS business company, announced the official launch of KYCware, an advanced KYC software solution based on the Ethereum blockchain, which simplifies the investor onboarding and identity verification process for digital securities issuers. (Globe Newswire)

5. Two Ethereum start-up teams will cooperate to launch a bank-level wallet security product

Two Ethereum startups, Nexus Mutual and Argent, plan to launch a product that combines smart contracts and insurance to provide bank-level security for Argent wallets to ensure that user funds are not hacked. CoinDesk)

State-Owned Bank of Brazil to Fund Documentary Film Using Ethereum-Based Stablecoin

Brazil’s National Bank for Economic and Social Development (BNDES) is partnering with local film production company Elo to produce a documentary, which will be financed through its Ethereum-based Brazilian real stablecoin, BNDES. (Cointelegraph)

7. ConsenSys Capital Co-Founder Will Join Ethereum Hedge Fund Darma Capital

ConsenSys Capital co-founder Andrew Keys announced that he will join Ethereum hedge fund Darma Capital as a managing partner. Darma Capital aims to provide hedging tools for long-term holders of Ethereum, founded by James Slazas, former head of capital markets at ConsenSys. (CCN)

8. The company behind the Ethereum project DAO was acquired by Blockchain.com

Blockchain incubator and investment institution Blockchain.com announced on the 3rd that it has acquired the German blockchain company slock.it. slock.it has launched an Ethereum project called Decentralized Organization (DAO). (Associated Press)

9. Ethereum co-founder: There will be an operational Phase 0 Ethereum 2.0 by the end of this year

Ethereum co-founder Joe Lubin said in an interview recently that within a few months, Ethereum should have a fully operational test network, and possibly by the end of this year, it will have a fully operational, true Phase 0 Ethereum 2.0. (Cointelegraph)