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Total Value Locked on Ethereum Layer2 Hits New Record
According to BlockBeats, the Total Value Locked (TVL) on Ethereum Layer2 has reached a record high of $38.36 billion on March 9. Data from L2BEAT shows a 14.76% increase in the last seven days, marking a major milestone for the Ethereum Layer2 ecosystem. This growth in TVL signals increased adoption of Layer2 solutions, designed to improve the scalability and efficiency of the Ethereum network. With more users and developers turning to Layer2, Ethereum's overall performance is expected to continue to improve, which could further drive the growth of the Layer2 ecosystem.📍
According to Arkham Intelligence, Tesla holds 11.51 thousand BTC valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29 thousand BTC, worth a total of $560 million, across 28 wallets. Tesla entered the cryptocurrency market in January 2021 with a $1.5 billion BTC purchase, followed by sales in the first quarter of 2021 and the second quarter of 2022. It briefly allowed Bitcoin transactions for vehicle purchases in 2021, but he later reversed this policy. Although Tesla has not acknowledged changes to its Bitcoin holdings, its most recent financial report did not mention the cryptocurrency. SpaceX has altered its Bitcoin investments between 2021 and 2022, according to the WSJ, although little is known about its holdings due to its status as a private entity.
An anonymous whale is manipulating the price of Shiba Inu ($SHIB) using the Wyoming curve, causing temporary drops followed by dramatic increases. It is estimated that there is more than 60% chance that $SHIB will lose a zero in the next three days. The whale's initial strategy involved regularly purchasing small amounts of $SHIB to stabilize the price, but once it exhausted its capital, the price skyrocketed and then fell sharply. The price of $SHIB is expected to rise again, but caution is advised and not to invest all funds due to the possibility of continued manipulation. Readers can support the author through the Binance Tipping feature to learn more.
The government of El Salvador accumulates 2,380 BTC and benefits 53% of the average holding cost According to Foresight News, the government of El Salvador has accumulated approximately 2,380 BTC, valued at $158.5 million. Calculated based on Bitcoin's all-time high on March 5, 2024, its value is $164.7 million, resulting in a 53% gain from the average holding cost of $44,300, with gains reaching 53.69 million dollars.
Injective integrates with Ethena, expanding access to USDe According to BlockBeats, layer 1 blockchain network Injective has announced its integration with Ethena, marking Ethena's first integration outside of the broader Ethereum ecosystem. Users of Injective, Cosmos and the broader IBC ecosystem can now easily access USDe. As a result of this integration, USDe will be available to Injective users starting Wednesday, March 6. Additionally, USDe holders on Injective will be eligible to participate in the Ethena Shards event, which begins on Monday, March 11.
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#Stepn Ecosystem Token GST Increases 411.9% on Solana According to BlockBeats, the Stepn ecosystem's GST token saw a significant surge on March 5. The token, which is based on the Solana blockchain, saw its price rise to $0.09555, an increase of 411.9%. This increase in the value of GST highlights the growing interest in the Stepn ecosystem and the potential of the Solana blockchain. As more users and investors take $BTC $BTC $SOL into account for the project, the demand for GST may continue to increase, which will further increase its value.
South Korea considers allowing Bitcoin ETF trading on approved exchanges According to PANews, South Korean authorities are discussing the possibility of allowing Bitcoin exchange-traded funds (ETFs) to be traded on approved cryptocurrency exchanges in the country. The head of South Korea's Financial Supervisory Service, Lee Fook-hyun, stated that he is one of the people with a positive attitude towards virtual assets, while others are more cautious and their opinions should also be considered. The possible move to allow Bitcoin ETF trading on approved exchanges in South Korea could signal a change in the country's regulatory stance towards cryptocurrencies. However, it is important to note that discussions are still ongoing and a final decision has not yet been made. The outcome of these discussions could have a significant impact on the cryptocurrency market in South Korea and potentially influence other countries' regulatory approaches to digital assets.
PulseX Buys $122 Million Worth of ETH Amid SEC Lawsuit Against Founder According to BlockBeats, PulseX has purchased $122 million worth of Ethereum (ETH) across six addresses, with an average purchase price of $3,628 per ETH. This comes after reports that PulseX founder Richard Heart's associated wallet contains over 700 million DAI, representing 15.5% of the circulating supply. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Heart, accusing him of selling unregistered securities in violation of federal securities laws, with the case set to begin in 2023.