According to Blockworks' senior research analyst Dan Smith's article on May 7th, Jinse Finance reported that Solana may surpass Ethereum's transaction fees this month or even this week. In addition, Solana's total economic value of $2.8 million on May 7th was close to Ethereum's total economic value of $3.1 million, demonstrating its potential competition with Ethereum.
#Bitcoin🚀

The opBNB testnet will undergo four hard forks between 6:00 and 6:30 am UTC on May 15th, and gas fees will be reduced by 10 times. All opBNB testnet nodes must upgrade to the latest version before 6:00 am coordinated universal time on May 15th.
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According to on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, the whale with 52,732 ETH holdings at a cost of $2,030 has initiated a redemption request for 8,453 stETH worth $30.17 million on Lido as of September 2023. The wallet's total assets are currently valued at $192 million with a floating profit of $54.15 million.
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Linea stated on the X platform that it will temporarily suspend the distribution of LXP due to the discovery of some Sybil activities. The team will work with PoH issuers and Verax to actively revoke the certification of Sybil addresses.
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According to DefiLlama data, BASE Network TVL is currently $1.517 billion with a 24-hour change of -0.01%. The top three ecological protocol TVL rankings are as follows:
Aerodrome TVL reached $672 million with a 7-day change of -0.12%;
Uniswap TVL reached $221 million with a 7-day change of -3.84%;
Extra Finance TVL reached $99.92 million with a 7-day change of -5.72%.
#Bitcoin🚀

Based on the latest report released by Kaiko, USDC trading volume on CEX will soar in 2024, reaching a historic high of 38 billion US dollars in March this year, far higher than the average level of 8 billion US dollars in 2023. This growth may be driven by Bybit and Bullish, which are the largest USDC markets, accounting for 60% of the trading volume. Binance has not yet regained its dominant market share, currently accounting for about 30% of the market share. One possible explanation for the increasing popularity of USDC is that users are increasingly adopting and preferring regulated stablecoins. The declining dominance of its main competitor, USDT, also reflects this trend.
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Robinhood co-founder and CEO Vlad Tenev said in an interview with CNBC that his company is taking a stand for its customers and that it is unacceptable for Americans to not be able to use cryptocurrencies. As cryptocurrencies become increasingly important, Americans should be able to use them.
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According to Forbes, Context Capital Management has the highest allocation to the Bitcoin ETF in its fund stock portfolio, based on FactSet data. The fund company, headquartered in La Jolla, California, has allocated approximately 50% of its equity capital to BlackRock's Bitcoin ETF. The largest position disclosed by actively managed funds in the BlackRock or Fidelity Bitcoin ETF is a $40 million position held by Hong Kong alternative investment fund Yong Rong Asset Management. Forbes senior reporter Brandon Kochkodin specifically pointed out that companies appearing in the SEC 13F filings are typically institutions with at least $100 million in qualifying assets, and the funds they disclose are snapshot values. Therefore, these institutions may still buy or sell Bitcoin ETFs in reality. In addition, some banks and securities firms play the role of market makers, and their involvement may be more related to market mechanisms than actual bets on Bitcoin.
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Maelstrom Fund, a cryptocurrency investment fund operated by Arthur Hayes' family office, stated that Flare (FLR), a competitor of Chainlink (LINK), is currently "possibly undervalued". Maelstrom Fund believes that the fully diluted valuation (FDV) of FLR is currently about 23% of Chainlink's, and its project integration is less than 10% of Chainlink's based on Ethereum (ETH), but unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Chainlink has many shortcomings in terms of delay and high throughput use cases, and Pyth has left many gaps in the general applicability of cross-use cases. Flare's unique positioning is achieved by combining the above functions with L1 functions. If Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token may rise by about 2.2 times, and if it reaches 75%, it may rise by 3.3 times.
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As per coinglass data, the total amount of liquidation in the past 24 hours was $95.99 million, with long positions liquidated at $64.93 million and short positions at $31.06 million. Among them, the liquidation amount of BTC was $22.49 million, ETH was $29.82 million, and SOL was $3.85 million.
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The Base ecosystem NFT project Onchain Gaias has released a white paper, which includes the following main content:
OG NFT has practicality, and each NFT holder will be authorized to access the AI agent system;2. Players can earn rewards by training these agents, and the computing resources are funded by player transactions;3. Challenge technology giants through open-source artificial intelligence;4. GAIA can be monetized through platforms such as Armoury Marketplace (Intelligent as a Service) and Foundry Marketplace (Transfer Learning as a Service).Onchain Gaias is an NFT project launched by KOL ciniz on the Warpcast platform (the front-end of the Base social platform Farcaste) in March of this year. Initially, 8,888 were free to mint, but due to whitelist issues, it was reduced to 5556. This project was released on another OE NFT series called GAIAs (Chain universal intelligent agent) on the ZORA platform, and the floor price of on-chain Gaias is 0.75 ETH. #Bitcoin🚀