Daily View | Thursday July 07

The following contents are organized and provided by PlatONWorld to spread more information and not represent the position of PlatONWorld. The contents are from third-party platforms, and the accuracy, authenticity, completeness, validity, and real-time nature of the information are not guaranteed.

【LAT】

Total issuance	Circulation	Pledge rate	Total pledge	Number of addresses
10,506,250,000	2,812,430,000	29.82%	1,436,691,649.60	191,892

Data source: https://scan.platon.network/

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.0138	0.0124	174,644
BTC/USDT	20672.91	19765.01	13,301
ETH/USDT	1204.99	1113.51	155,237

Data source: Huobi Exchange

【10 days node data】

2022	Active	Candidate	Exiting	Exited
July 07	201	18	2	157
July 06	201	18	2	157
July 05	201	18	5	154
July 04	201	18	5	154
July 03	201	18	5	154
July 02	201	17	4	154
July 01	201	18	3	154
June 30	201	18	3	154
June 29	201	18	3	154
June 28	201	18	4	153

Data source: https://scan.platon.network/

【Industry News】

Bitcoin mining difficulty reduced by 1.41% to 29.15T, the second time in a year that two consecutive difficulty reductions

July 7 (Bloomberg) — Bitcoin has seen its mining difficulty adjusted at block height 743904, down 1.41% to 29.15T, according to BTC.com. The bitcoin mining difficulty cut is the second consecutive difficulty cut in 2022, after a 2.35% cut at block height 741888. The last time this occurred was in March. Bitcoin mining difficulty has now dropped 6.72% from its all-time high.

Genesis CEO: Three Arrows Capital has failed to make margin calls resulting in collateral liquidation

Golden Finance reports that Genesis Global Trading CEO Michael Moro said Wednesday that Three Arrows Capital, a large counterparty that failed to meet a large margin call in June, forced the unwinding of the underlying collateral. Currency Group, which continues to isolate risk, and DCG, which assumed certain of Genesis’ debt related to Three Arrows Capital. Last week, Genesis was facing hundreds of millions of dollars in losses, in part due to its exposure to Three Arrows Capital, and noted that DCG’s strong financial resources may have helped cushion the blow. Three Arrows Capital has a loan-weighted average margin requirement of 80 percent. Once that level was breached and no margin calls were made, Genesis sold collateral to hedge against further declines. (coindesk)