Headlines
▌Rune 's market value fell below the $1.4 billion mark
According to Geniidata data, Rune's market value fell to US$1.39 billion, a drop of 0.02%. Today, Rune's total transaction volume fell to US$3.47 million, a decrease of 15.39% from yesterday. In addition, the unit price of Rune DOG•GO•TO•THE•MOON was US$0.0055, and the daily trading volume fell to US$739,000, and its market value fell to US$550 million.
▌Affected by the halving event and the decline in the number of new wallets, Bitcoin miners' income has hit a new low in the past two months
Data shows that following the block reward halving event on April 20, Bitcoin miners’ revenue per TH/s (7-day MA) has hit a record low in the past two months.
In addition to the halving, another possible reason for the decline in miners’ revenue is the low number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).
It is worth mentioning that the mining company CleanSpark is still performing well, and its stock price has outperformed Bitcoin so far this year. In addition, the stock prices of Bitcoin mining companies Bitfarms and Core Scientific have also outperformed Bitcoin, but smaller mining companies have been struggling. (The Block)
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is 63207.88 USD, with a daily fluctuation of -1.7 % ;
ETH's latest transaction price is $3417.39, with a daily change of -2.2 % ;
BNB's latest transaction price is $577.07, with a daily change of -2.3 % ;
SOL's latest trading price is $128.57, with a daily change of -3.7 % ;
DOGE's latest trading price is $0.1221, with a daily change of -1.3 % ;
XPR recently traded at $0.4793, with a daily change of -1.4 % .
policy
▌ President of The ETF Store: Spot Ethereum ETF may be launched in the next week or so
Nate Geraci, president of The ETF Store, wrote on the X platform, “Six weeks ago today, there was hope for a spot Ethereum ETF… which could be launched in the next week or so.”
Blockchain Applications
▌ Aave DAO votes to deploy Aave to ZKsync
Aave DAO passed an early proposal to deploy Aave on ZKsync in a community vote. The AFRC proposal (i.e. Aave’s formal draft for comments) passed with 662,000 “yes” votes. The proposal will now be submitted to the AIP chain for voting for final approval.
Cryptocurrency
▌ The total value of zkSync bridge storage exceeds 3.72 million ETH
Dune data shows that the total value of zkSync bridge storage is 3,725,423 ETH, the total number of bridge user addresses is 2,932,351, and the total value of Starknet bridge storage (TVB) is 907,182 ETH; the total value of Arbitrum bridge storage is 3,865,205 ETH, the total value of Optimism bridge storage is 782,147 ETH, and the total value of Base bridge storage is 610,888 ETH.
▌ Total NFT sales on Solana reached $5.612 billion
According to the latest data from CryptoSlam, the total NFT sales on the Solana chain reached US$5,612,365,730, and the on-chain NFT transaction volume was approximately 51,473,197 transactions, of which the number of on-chain buyers was 3,727,905 and the number of sellers was 2,200,650.
▌The reduction in Ethereum gas fees has led to a 12-month low in its destruction rate
According to data from The Block, the reduction in Ethereum's gas fee has caused its destruction rate to hit a new low in the past 12 months. Due to the reduction in the destruction rate, ultrasound.money data shows that Ethereum is currently in a state of slight inflation, with an average supply growth rate of 0.56%/year in the past 7 days.
▌ ONDO, UNI, and LINK are at the top of Smart Money 24-hour inflow list
Nansen data shows that Smart Money’s 24-hour Ethereum network capital inflow tracking list is as follows:
ONDO: about 451,000 US dollars, currently at 1.11 US dollars, down 4.38% in 24 hours;
UNI: about 311,000 US dollars, currently at 9.88 US dollars, down 17.19% in 24 hours;
LINK: About 292,000 US dollars, currently trading at 13 US dollars, down 11.84% in 24 hours.
▌ Arkham: The US government currently holds more than 217,400 BTC and 53,900 ETH
According to Arkham platform data, the US government holds 217,486 BTC, worth about $13.9 billion, and 53,900 Ethereum, worth about $187 million. In addition, the German government holds 47,179 bitcoins, worth more than $3 billion. The British government holds 61,245 bitcoins, worth about $3.9 billion.
Important economic developments
▌The probability of the Federal Reserve keeping interest rates unchanged in August is 89.7%
According to CME's "Fed Watch" data, the probability that the Federal Reserve will keep interest rates unchanged in August is 89.7%, and the probability of a 25 basis point rate cut is 10.3%.
Golden Encyclopedia
▌What is an infinite coin minting attack?
Infinite minting attacks occur when an attacker manipulates the contract code to continuously mint new tokens beyond the authorized supply limit. Malicious actors may profit from such attacks by selling illegally created tokens or interfering with the normal operation of the affected blockchain network. The prevalence of infinite minting attacks highlights the importance of conducting thorough code audits and incorporating security measures into smart contract development to prevent such vulnerabilities.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
