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EigenLayer unveiled its native token, which will be distributed by the newly formed Eigen Foundation. The project will allocate 15% of Eigen tokens over multiple seasons to stakers.
TD Cowen anticipates a prolonged legal battle between Consensys and the SEC.The investment bank reiterates that it does not expect the SEC to approve spot Ethereum ETFs before 2025.
Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa’s 2023 monthly average, according to Nansen.
Ether has outperformed bitcoin for two consecutive weeks, as traders seek altcoin gains following the halving event, Bitfinex analysts noted.
Bitcoin hash price, the daily U.S. dollar value of a unit of hashing power, has fallen to fresh all-time lows. Despite a brief pop in revenue for miners post-halving amid the Runes frenzy transaction fee windfall, hash price has now dropped to less than $50 per PH/s per day.
Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.
Crypto investment products witnessed a further $435 million in net outflows globally last week as incumbent ETF issuers continue to see withdrawals.The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell from its latest all-time high.
- 19:14In the past 24 hours, the total network contract has liquidated $179 million, mainly short positionsCoinglass data shows that in the past 24 hours, the total amount of liquidated contracts in the cryptocurrency market across all networks was $179 million. Of this, long positions accounted for $54.7027 million and short positions were $125 million. The total amount of BTC liquidations was $45.8968 million, while ETH liquidations totaled $49.2746 million.
- 19:12This week, the spot Bitcoin ETF had a net outflow of 313.2 million US dollars, and the spot Ethereum ETF had a net outflow of 185.8 million US dollarsAccording to Spot On Chain monitoring, this week the net outflow of Bitcoin ETF in spot was $313.2 million, and Ethereum ETF in spot had a net outflow of $185.8 million. The daily net flow fluctuations of BTC and ETH were significant this week. It is worth noting that the recent net outflows from Bitcoin and Ethereum ETFs may indicate institutional caution, possibly due to macroeconomic factors or profit-taking after recent rebounds.
- 19:09"Since renaming itself as 'Sol Strategies', the stock price has risen by over 1700%"On January 12, Cypherpunk Holdings, a Canadian company focused on blockchain investment, has seen its stock price rise by over 1700% since its debut after renaming itself as Sol Strategies in September 2024. The holding company has acquired two independent validator businesses and holds more than 142,000 SOLs, valued at approximately $27 million at current prices. The company previously hired the former senior engineering director of Kraken as its pledge manager and applied for listing on NASDAQ. This week, the company signed a credit agreement with the chairman of the board to purchase $17.3 million worth of SOL tokens and announced a private placement agreement worth about $19 million with ParaFi Capital. Leah Wald, CEO of the company previously stated that unlike MicroStrategy, Sol Strategies also operates validator businesses and invests in Solana ecosystem projects which makes their approach more dynamic.