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Share link:In this post: Solana’s daily economic activity surged to an all-time high of $7.9 million on October 22nd. A chart from Blockworks reveals that the network’s real economic activity has exponentially increased since the end of September. Most of the activity comes from tips (Jito) and priority fees, while base fees and vote fees account for the smallest share of the economic activities.
Share link:In this post: The blob competition lasted for a short time, and it may be due to the Scroll airdrop event. L2s may change their behavior and their usage of Ethereum if blobs become too expensive. The event briefly raised L1 rent for the most active chains, with the biggest increase for Scroll and Base.
Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”
Share link:In this post: JPMorgan economist Haibin Zhu thinks China’s latest economic measures won’t provide the big stimulus needed to revive the slowing $18 trillion economy. Investors and analysts are skeptical, as Beijing’s focus remains on manufacturing and exports instead of boosting domestic demand. China’s property sector is still struggling, with house prices falling and weak government measures failing to make an impact.
- 05:17A whale purchased 107,865 HYPE at an average price of $34.96According to a report by Jinse Finance, Onchain Lens monitoring shows that a certain whale deposited 3.77 million USDC into Hyperliquid and purchased 107,865 HYPE at an average price of $34.96.
- 05:17Data: Bitcoin Spot ETFs Saw a Net Inflow of $6.3658 Million Yesterday, Marking Nine Consecutive Days of Net InflowsAccording to ChainCatcher, citing SoSoValue data, the total net inflow into Bitcoin spot ETFs yesterday (June 20, Eastern Time) was $6.3658 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF IBIT, with a net inflow of $46.912 million for the day. The historical total net inflow for IBIT has now reached $5.0998 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Fidelity’s ETF FBTC, with a net outflow of $40.5462 million for the day. The historical total net inflow for FBTC has now reached $1.1456 billion. As of press time, the total net asset value of Bitcoin spot ETFs stands at $126.537 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market cap) at 6.14%. The historical cumulative net inflow has reached $46.656 billion.
- 05:16Opinion: If Ethereum Is the "New America," Uniswap Is the NYSE and Polymarket Is the New York TimesOdaily Planet Daily News: 1confirmation founder Nick Tomaino posted on X, stating that if Ethereum is seen as the "new America," then the builders of the Ethereum ecosystem are its "founding fathers." Uniswap is comparable to the New York Stock Exchange, Aave to Bank of America, Polymarket to The New York Times, Opensea and NFT project teams to Disney, SuperRare to MoMA, and Nexus Mutual to State Farm.