Mt.Gox transferred more than 47,000 BTC from one address
On-chain data shows that Mt.Gox's address starting with "1HeHLv" has transferred 47,228 BTC worth US$2.71 billion to the address starting with 1L7XbxQ.
German lawmakers urge government to stop selling Bitcoin
According to CryptoSlate, German MP Joana Cotar strongly criticized the government's decision to sell $195 million worth of Bitcoin, believing that this move increased market volatility and could have a long-term negative impact on the stability of the cryptocurrency market. These Bitcoins came from an investigation into the illegal website Movie2k.to. Cotar said on the X platform that the German government should reconsider this strategy and discuss with the United States the use of Bitcoin as a strategic reserve currency.
Vitalik: Setting up a MEV multi-proposer architecture may bring more negative externalities to the protocol
Max Resnick, head of research at SMG, said on X Platform: "MEV is fundamentally about the problem of control. Proposers have the power to decide which transactions go into a block and in what order they appear. In other words, MEV is all about the problem of censorship and reordering. The good news is that this problem is solvable. The first step is to solve censorship resistance, and we know how to do that: use multiple parallel proposers. If you are a consensus researcher and want to work with us on multiple proposers, we have funding available. The second step is to solve the reordering problem. Once we have a multi-proposer architecture, the proposers reach consensus on an unordered set of transactions, and then the execution layer is responsible for ordering them according to deterministic rules."
In this regard, Ethereum co-founder Vitalik Buterin commented: “Does this just lead to people collecting MEV by sending a large number of transactions to the chain to maximize their chances of being first? So you still get the ‘MEV auction’, but it will bring more negative externalities to the protocol. We saw this in the IC0 era in 2017, when some projects tried to ban transactions with gas prices above 50, resulting in a lot of on-chain spam.”
Telegram CEO: Hamster Kombat plans to issue its token on TON blockchain
Telegram CEO Patel Du Rove posted on his personal channel that Hamster Kombat has become the latest Internet phenomenon, with 239 million people registered in just 3 months. The Telegram mini app reached 100 million monthly active users in 73 days, with 4-5 million new users per day, making it the fastest growing digital service in the world. Hamster Kombat plans to issue its tokens on the TON blockchain, bringing the advantages of blockchain to hundreds of millions of users. This shows that the Telegram mini app platform has huge viral potential.
Ethena Labs Releases Asset Custody Proof of Support for USDe as of the End of June
According to the latest report from Ethena Labs, as of June 30, 2024, the supply of USDe is $3.605 billion, of which $2.072 billion is held in Copper, $1.501 billion is held in Ceffu (including $17.09 million in unrealized profits), $5.11 million is held in Cobo, $15.34 million is in the minting/redemption contract, and the reserve fund is $45.32 million. All custodians confirm that these assets are in the off-chain institutional-level custody solution, and the total assets supporting USDe are $3.610 billion, and the reserve fund accounts for 101.41% of the total USDe.
Justin Sun: Willing to negotiate with the German government to purchase its BTC through over-the-counter transactions to reduce the impact on the market
Justin Sun tweeted that he was willing to negotiate with the German government to purchase all of its BTC in an over-the-counter transaction to minimize the impact on the market.
CryptoQuant CEO: Bitcoin spot ETF currently accounts for a quarter of total spot trading volume
According to data released by Ki Young Ju, CEO of CryptoQuant, Bitcoin spot ETFs currently account for a quarter of the total spot trading volume. He said that the sources of funds in this cycle are different, and new funds are more mature, and he expects that more mature funds will enter the market in the future. Mature funds usually have the ability to hold for the long term. He added that the market is currently maturing, but not yet fully mature, and there is still a large amount of institutional capital waiting to enter the market. The emergence of ETFs is very important for absorbing gold ETF trading volume. At present, 85% of Bitcoin trading volume is in futures, 11% in spot, and 3% in ETFs, while 98% of gold trading volume is in ETFs and 2% in futures.
UniSat completed its Pre-A round of financing led by Binance in May.
According to UniSat's official Twitter account, UniSat completed its Pre-A round of financing led by Binance in May 2024. This strategic investment strengthened the cooperation between the two parties in technology and business, laying a solid foundation for deeper cooperation in the future.
f2pool: At an electricity cost of $0.08 per kWh, ASIC miners with an efficiency below 23 W/T will be in a loss-making state
According to f2pool, as the price of Bitcoin fell below $58,000, the current profitability of mining machines has changed. Calculated at an electricity cost of $0.08 per kWh, ASIC mining machines with an efficiency below 23 W/T will be in a loss-making state. Based on the current network difficulty and the electricity cost of $0.08/kWh, mining machines such as Antminer S21 Hyd. and Antminer S21 still have high profitability when the Bitcoin price is $58,000. However, mining machines such as Antminer S17, Avalon A1166 Pro and Ebit E11++ face high electricity cost rates when the Bitcoin price is $58,000 due to their low efficiency, making it difficult to make a profit.
An address with a balance of 8.5 million USDT has just been frozen
Whale Alert monitoring shows that at 23:41 Beijing time, an address with a balance of 8.5 million US dollars (850.595 million USDT) was just frozen on the Tron chain.
A whale spent 70 million USDT borrowed to buy back 22,713 ETH, suspected of adding back the leverage that had just been unloaded
According to the monitoring of on-chain analyst Yu Jin, the whale who had unloaded leverage an hour ago transferred the remaining 33,765 ETH (103 million USD) to a new address (0xa33...12c), deposited these ETH into Aave and borrowed 80 million USDT. Then he used the borrowed USDT to buy back ETH again: 70 million USDT has been spent to buy back 22,713 ETH, with an average price of 3,082 USD. Yu Jin analyzed that this is equivalent to adding back the leverage he just unloaded in the morning. It may be that the whale regretted selling it, so he bought it back again.
Market: Bitcoin falls below $57,000, Ethereum falls below $3,100
The market shows that Bitcoin fell below $57,000 and is currently trading at $56,853.80, a 24-hour drop of 5.52%. At the same time, Ethereum fell below $3,100 and is currently trading at $3,058.82. It is currently trading at $3,057.88, a 24-hour drop of 7.36%.
MakerDAO’s second quarter revenue hits record high of approximately $85 million
Token Terminal data shows that MakerDAO's revenue in the second quarter hit a record high of approximately US$85 million.
OKB experienced a rapid decline in the morning and once hit $30. It has now rebounded to around $37.
OKX market data shows that from 8:00 to 8:15 this morning, OKB fell rapidly from $39.7, once hitting a low of $30. It has now rebounded to $36.99, with a daily drop of 8.33%.
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