● IntoTheBlock: On-chain activities such as Litecoin and Dogecoin have reached a peak recently
IntoTheBlock said on X (formerly Twitter) that despite the complex market, the number of active addresses on most mainstream chains remained stable, such as Litecoin (LTC) and Dogecoin (DOGE), and even saw significant activity peaks recently. Among them, the number of daily active addresses on the Litecoin chain reached 231,270, and the number of daily active addresses on the Dogecoin chain reached 46,080.
● friend.tech 24-hour protocol fees surpass Tron and Uniswap and rank third
According to Planet Daily, according to DefiLlama data, friend.tech's 24-hour protocol fee reached 1.12 million US dollars, surpassing Tron and Uniswap to rank third, second only to Ethereum and Lido.
● An independent miner with only 1 PH of computing power received a Bitcoin block reward of over $160,000
Bitcoin Magazine posted on X (formerly Twitter) that an independent miner with a computing power of about 1 PH received a block reward of 6.25 BTC (worth over $160,000).
Generally speaking, for miners with this level of computing power, it takes an average of 7 years to create a valid transaction to obtain a block reward at the current mining difficulty.
● Russian digital ruble launches consumer testing
According to the Economic Times, Russia has begun consumer testing on the digital ruble, becoming the 21st country in the world to test digital currency.
The Russian Central Bank said the test will be carried out at 30 sales points in 11 cities, with the participation of 13 banks and 600 members of the public. The central bank plans to officially launch the digital ruble around 2025-2027, but promised not to force people to use it.
● Report: Italy is the most expensive country in the world for Bitcoin mining
According to Cointelegraph, according to a report by Coingecko, there are significant differences in the electricity costs of households mining Bitcoin (BTC) around the world. In Italy, the cost of producing one Bitcoin is $208,500, while in Lebanon, the cost is about 783 times that of Italy.
The report states that based on household electricity costs alone, 65 countries around the world are profitable for independent Bitcoin miners, including 34 in Asia and only 5 in Europe. However, household electricity costs for independent Bitcoin miners are far from the global average. Italy is the country with the highest household Bitcoin production costs, with each Bitcoin costing $208,560.33, followed by Austria at $184,352.44 and Belgium at $172,381.50. Meanwhile, household electricity costs in Lebanon allow individual miners to generate one Bitcoin for just $266.02, which the data shows is about 783 times cheaper than Italy's $208,560.33.
● Demand for stablecoins surges in Argentina as the Argentine peso continues to plummet
Bitcoin News posted on X (original Twitter) that as the Argentine peso continues to plummet, Argentina’s demand for stablecoins has surged, and Javier Milei, a presidential candidate who supports Bitcoin, said he would abolish the central bank and allow the country’s currency to compete freely.