Headlines
▌Bitcoin Market Dominance Rises to 64.7%
According to CoinMarketCap data, Bitcoin market dominance (BTC.D) has risen to 64.7%.
▌RWA Sector TVL Reaches $12.863 Billion, Hitting Historic High
According to defillama data, the Real World Assets (RWA) sector TVL is $12.863 billion, creating a historic high. Among them: ·Blackrock BUIDL TVL reached $2.815 billion; ·EthenaUSDtb TVL reached $1.459 billion; ·OndoFinance TVL reached $1.397 billion.
Market
As of press time, according to CoinGecko data:
BTC price is $108,616, 24-hour change +0.3%;
ETH price is $2,518.37, 24-hour change +0.2%;
BNB price is $655.98, 24-hour change +0.2%;
SOL price is $147.39, 24-hour change -0.4%;
Doge price is $0.1643, 24-hour change +0.8%;
XRP price is $2.22, 24-hour change +0.1%.
TRX price is $0.2836, 24-hour change +0.4%.
[The rest of the translation follows the same professional and precise approach, maintaining the specified cryptocurrency and technical term translations.]On July 5th local time, the BRICS Business Forum opened in Rio de Janeiro, Brazil, with Brazilian President Lula and Vice President Geraldo Alckmin attending the forum's opening ceremony. In his opening speech, Lula emphasized the important contribution of BRICS countries to global economic development, stating that currently 40% of global GDP is contributed by BRICS members, and the economic growth of BRICS countries will reach 4% in 2024, higher than the global economic growth rate of 3.3% that year. Lula said that with protectionism currently on the rise, emerging countries should jointly defend the global multilateral trading system and reshape the international financial architecture.
Golden Encyclopedia
▌What is the difference between gold-backed stablecoins and USD-backed stablecoins?
Gold-backed tokens and USD-backed tokens are both stablecoins, but they differ in several aspects. Gold-backed and USD-backed stablecoins mainly differ in the collateral supporting their value. Gold-backed stablecoins are pegged to physical gold, typically at a fixed ratio, while some USD-backed stablecoins are supported by US dollars, short-term, and cash deposit reserves. The value of gold-backed stablecoins fluctuates based on the gold market price, which may experience short-term volatility but often appreciates in the long term. USD-backed stablecoins maintain a 1:1 peg with the US dollar, ensuring more predictable short-term stability. Unless external factors such as regulatory changes or poor reserve management affect the exchange rate, their value remains stable. USD-backed stablecoins have stronger liquidity and are widely accepted in the crypto ecosystem, including exchanges, payment systems, and DeFi applications. They are frequently used for trading and lending. While gold-backed stablecoins help preserve value, they are rarely integrated into DeFi protocols due to liquidity concerns. Gold-backed stablecoins can hedge against inflation and attract investors seeking growth. USD-backed stablecoins are favored by investors seeking stability and value storage.
