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Crypto News

China Released White Paper To Drive Web3 Innovation and Development

Beijing, China, has released a white paper titled "Web3 Innovation and Development" to foster the growth and advancement of the web3 industry. The paper recognizes web3 technology as an inevitable trend for future Internet industry development. The Beijing Municipal Science & Technology Commission aims to establish the city as a global innovation hub for the digital economy, with plans to invest at least 100 million yuan (around $14 million) annually until 2025. The white paper emphasizes the need for policy support and technological breakthroughs to drive the development of the web3 industry in Beijing.

theblock - 1184 ngày trước

Mysterious Bitcoin Miner Achieves Astounding $1.7 Million in BTC Rewards in a Single Day

A mysterious and unidentified cryptocurrency miner has made a significant impact by mining over $1.7 million worth of Bitcoin in just one day. This miner, whose identity remains unknown, has managed to verify more than 10 Bitcoin blocks, accumulating a total of over 65 Bitcoins. Their success has caught the attention of established mining pools, as they have managed to elude major players in the industry. Individual miners often join mining pools to increase their chances of finding blocks and receiving rewards.

CryptoGlobe - 1185 ngày trước

French Legislators Embrace Change, Easing Regulations in Crypto Influencer Bill

French lawmakers have revised a bill to ease restrictions on locally-registered cryptocurrency companies, allowing them to use influencer marketing. The new legislation positively encourages crypto adoption by permitting registered crypto firms to engage in promotions with influencers. The bill, aiming to regulate influencer marketing across industries, strengthens control measures by financial watchdogs. While penalties exist for non-compliance, this development signals a step forward in embracing cryptocurrencies and promoting responsible marketing practices. Restrictions on influencer promotions of other products, such as nicotine and gambling, have also been implemented.

cointelegraph - 1185 ngày trước

Robinhood Moves 8% of Dogecoin to an Intriguing New Wallet

Robinhood, a popular commission-free trading platform, has moved around 8% of Dogecoin's supply to a new mysterious wallet. This has reduced Robinhood's Dogecoin holdings from around 24% to 16%. The movement of funds was tracked on Twitter by the Dogecoin Whale Alert service, but it's unclear if the new wallet belongs to Robinhood. Dogecoin, known for its playful logo, has gained attention from investors and major companies like Robinhood. The platform's significant Dogecoin holdings have been a topic of interest in the crypto community.

CryptoGlobe - 1185 ngày trước

Thailand's Cryptocurrency Market to Flourish with Binance and Gulf Innova Collaboration

Binance's expansion continues as its joint venture, Gulf Binance, secures digital asset operator licenses from Thailand's Ministry of Finance. With regulatory approval, Gulf Binance, a collaboration between Binance and Gulf Energy's innovation arm, Gulf Innova, plans to launch a regulated crypto exchange in Thailand by Q4 2023. The partnership leverages Binance's expertise and Gulf's understanding of the Thai market. Thailand has shown support for crypto and blockchain, making it an attractive environment for the venture. This development coincides with Thai regulators implementing regulations to protect cryptocurrency investors, including rules for crypto custody services.

cointelegraph - 1185 ngày trước

Gemini Expands Operations to Ireland, Paving the Way for European Growth

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has chosen Dublin as its European headquarters. The Winklevoss twins met with Ireland's Prime Minister, Leo Varadkar, to discuss their decision, citing the country's strong regulatory system, talented workforce, and thriving technology community as key factors. Despite a slight decline in Irish adults holding cryptocurrencies, Ireland remains attractive to crypto firms like Binance and Kraken. Gemini, already licensed by the Central Bank of Ireland, intends to expand its team post new EU regulations. The Winklevoss twins foresee substantial growth in Europe's crypto industry.

cointelegraph - 1186 ngày trước

Ethereum Accumulation Soars as Whales Make Bold Moves

Data from IntoTheBlock reveals that Ethereum holders now possess 30.07 million ETH, up from 26.56 million ETH since the beginning of 2023, indicating notable accumulation. Enthusiasm for the second-largest cryptocurrency is evident as addresses owning over 0.1% of the supply contribute to this surge. Long-term holders increased holdings by 4.54%, while midterm holders decreased slightly by 0.38%, and short-term holders experienced a substantial decrease of 17.5%. Institutional investors and whales holding 1,000 to 100,000 ETH represent a significant portion of the $70.09 billion total supply, with most addresses holding less than 0.1 ETH.

U.Today - 1186 ngày trước

Ripple CEO Claims Judgment on SEC's XRP Lawsuit Within Weeks Rather Than Months

Ripple Labs CEO Brad Garlinghouse is hopeful that the court case with the SEC will reach a conclusion soon, potentially within weeks rather than months. The lawsuit, initiated by the SEC in December 2020, alleges that Ripple sold XRP as an unregistered security. Garlinghouse emphasizes the lawsuit's significance for the cryptocurrency industry as a whole. Recent developments, such as the disclosure of William Hinman's speech categorizing Ethereum as a non-security, have bolstered Garlinghouse's optimism regarding the court's decision. He acknowledges the ongoing conflict and regulatory uncertainty, leading to industry players considering relocation or outsourcing.

The Daily Hodl - 1186 ngày trước

Hong Kong's Leading Digital Bank, ZA Bank, Paves The Way for Virtual Asset Trading

In a significant move, Hong Kong's largest digital bank, ZA Bank, has received approval from the Hong Kong Securities and Futures Commission (SFC) to offer retail virtual asset trading. Collaborating with licensed virtual asset exchanges, the bank aims to obtain regulatory clearances to enable customers to trade virtual assets using fiat currency within their ZA Bank App. This strategic initiative aligns with the bank's future plans to facilitate United States stock trading. The SFC's forthcoming guidelines on asset custody safety and cybersecurity standards, effective from June, signal a crucial step towards regulating the sector.

cointelegraph - 1186 ngày trước

Robert Kiyosaki Encourages Investors to Safeguard Wealth with Bitcoin Amidst US Debt Crisis

Best-selling author Robert Kiyosaki slams ongoing US debt-ceiling negotiations, calling them "bad comedy" and comparing the situation to "kabuki theater." Warning of the country's bankruptcy, Kiyosaki advises his followers to safeguard their assets by investing in gold, silver, and Bitcoin. The debate between Republicans and Democrats over raising the $30 trillion debt limit by June 1 to avert a bankruptcy crisis intensifies. Kiyosaki predicts an impending economic tsunami and urges individuals to prepare for a potential massive recession and the decline of the US dollar as the world's reserve currency.

Finbold - 1186 ngày trước

Binance CEO CZ Foresees Crypto Bull Run as China's CCTV Coverage Sparks Excitement

Binance CEO Changpeng Zhao (CZ) has made a bold prediction, stating that China's Central Television (CCTV) coverage of cryptocurrencies is a "big deal" that could trigger a bull run in the market. CZ highlighted the significant buzz generated among Chinese-speaking communities, with many speculating on increased cryptocurrency adoption and price surges. Furthermore, the Hong Kong Securities Regulatory Commission's announcement of mandatory licensing for virtual asset trading platforms signals a push for greater regulation, potentially improving investor confidence and facilitating wider crypto adoption. CZ's optimistic outlook signifies positive prospects for the industry amidst current market uncertainties.

BITCOINIST.com - 1186 ngày trước

JPMorgan Claims Gold Price Analysis Suggests Bitcoin Should Be at $45,000

JPMorgan strategists suggest that Bitcoin should be trading around $45,000 based on the price of gold, indicating its potential as a store of value. However, the short history of Bitcoin compared to gold raises skepticism among some investors. Institutional investors still favor gold as a safe-haven asset, while retail investors are more drawn to Bitcoin. The upcoming halving event could impact Bitcoin's price by reducing its supply. Despite these factors, JPMorgan remains cautious about Bitcoin's short-term prospects due to regulatory challenges and recent market incidents.

Finbold - 1186 ngày trước

XRP Ledger Hits Remarkable Milestone with 80 Million Ledgers and Growing Adoption

The XRP Ledger (XRPL) has achieved a significant milestone, closing 80 million ledgers in about 10.5 years. This accomplishment highlights the speed, reliability, and growing adoption of the XRP Ledger for processing transactions on the Ripple network. Launched in 2012, the XRP Ledger enables real-time, low-cost cross-border payments, making it an ideal solution. Despite criticism regarding its level of centralization, reaching this milestone demonstrates the endurance and persistence of the XRP Ledger in the dynamic world of blockchain technology.

U.Today - 1187 ngày trước

Astonishing $1.14 Billion in Bitcoin Moved Suddenly by BTC Whales

Anonymous wallets have conducted over $1 billion worth of Bitcoin transfers, as reported by Whale Alert. Six transfers took place, with five carrying 5,405 BTC each and an additional 1,800 BTC, totaling 7,206 BTC. The sixth transfer involved the same amount. These transfers amounted to 43,236 BTC worth $1,137,910,989. Additionally, Glassnode analytics company revealed that the number of non-zero Bitcoin wallets has reached a record high of 47,051,028, indicating continued investor interest despite the discounted price of Bitcoin.

U.Today - 1187 ngày trước

Cathie Wood Urges United States to Catch Up with the Bitcoin Wave

Cathie Wood, the founder of Ark Invest, believes that the United States is falling behind in the Bitcoin movement due to its regulatory system. She highlighted how regulatory scrutiny and the collapse of FTX have shifted attention to the crypto market. Wood emphasized that the concept of Bitcoin, with its decentralized and auditable monetary system, was validated through these crises. She stated that the collapses demonstrate the dangers of centralization in the financial system, highlighting the appeal of a transparent and decentralized monetary alternative.

CoinJournal - 1187 ngày trước

Expert Analyst Expects Bitcoin's Price to Peak at $160,000 by 2024 Block Subsidy Halving

TechDev, a popular analyst, predicts that Bitcoin's price will reach a "parabolic top" around the 2024 block subsidy halving, expecting a peak of approximately $160,000. While acknowledging the uncertainty, he shares a chart on Twitter illustrating the path to this anticipated high. TechDev believes the all-time high will occur in Q2 of 2024, considering resistance lines, Fibonacci retracement levels, and the previous peak from 2021. He emphasizes that this updated log scale prediction is not a forecast or his primary idea.

cointelegraph - 1187 ngày trước

Shapella Upgrade Drives 4.4 Million Growth in Staked Ether

Since the Shapella upgrade on April 12, Ethereum has seen a surge in interest for staking ETH to earn passive yield. Over 4.4 million coins have been staked, totaling 22.58 million, attributed to large holders seeking income without selling. Analysts expect this trend to continue due to anticipated deflationary forces. Despite the one-month waiting time, over 50,000 potential validators are queuing up, attracted by the 4% to 5% annual yield and withdrawal flexibility offered by Shapella. This upgrade has mitigated perceived risks, encouraging more investors to participate in passive staking.

coindesk - 1187 ngày trước

Solana Blockchain Integrates ChatGPT Plugin, Introduces Game-Changing AI Accelerator

The Solana Foundation has unveiled an open-source reference implementation, enabling users to directly engage with the Solana network through ChatGPT. The plugin, available for download on Github, empowers AI-driven assistance in comprehending Solana's data, protocols, computing infrastructure, and DeFi initiatives. With the plugin, users can effortlessly purchase NFTs, transfer tokens, investigate transactions, analyze public account data, and discover NFT collections based on floor price. Solana co-founder Anatoly Yakovenko emphasized that AI would enhance the accessibility and user-friendliness of the Solana blockchain, revolutionizing the way developers interact with their applications.

theblock - 1188 ngày trước

Bitcoin Outshines Solana, Establishes Itself as the Second Most Prominent NFT Blockchain

The trading volume of memecoins and nonfungible tokens (NFTs) on Bitcoin topped that of Solana in May, moving them into second place after Ethereum. Ethereum's NFT trading volume of $393 million was over twice that of Bitcoin during a 30-day period starting from April 23. Bitcoin outperformed popular blockchains like Polygon, ImmutableX, BNB Chain, and Solana. BRC-20 token transactions, based on an experimental fungible token standard using ordinals, dominated Bitcoin's activity. BRC-20 memecoins achieved a market capitalization surpassing $1 billion, while BRC-20 tokens currently stand at $447 million in market capitalization.

cointelegraph - 1188 ngày trước

Bitfinex Report Reveals Bitcoin's Increasing Adoption as a Long-Term Investment

Bitcoin holders continue to accumulate the cryptocurrency, signaling a shift towards long-term investment. According to Bitfinex's latest report, over 68% of the total Bitcoin supply, equivalent to 13.27 million BTC, has not been moved in over a year. Additionally, the number of 'Wholecoiner' addresses, holding at least one entire BTC, surpassed one million. These trends indicate a resilient Bitcoin ecosystem and suggest the early stages of a bull market. Investors and miners remain optimistic about Bitcoin's future despite the current market downturn..

CryptoPotato - 1188 ngày trước

Major Banks Set to Embrace Bitcoin Custody, Says Michael Saylor

MicroStrategy's Michael Saylor predicts that major banks will offer Bitcoin custody services, citing the challenges of self-custody. He believes institutions like banks, governments, and non-profits will require Bitcoin for it to become universal. Saylor points out that entities like the City of New York and the Defense Department cannot personally hold Bitcoin, necessitating custodians. He also emphasizes the need for trust companies for individuals who can't self-custody, such as children or those with dementia. Saylor concludes that Bitcoin's integration into traditional institutions is inevitable for economic, physical, and political reasons.

Finbold - 1188 ngày trước

CEO's Legal Billings Signal Reboot of FTX Exchange as FTX 2.0

FTX's CEO, John Ray III, overseeing the bankruptcy proceedings of the defunct crypto exchange, has hinted at the possibility of its revival. Recent billing reports indicate that Ray has dedicated time to reviewing and finalizing materials related to a potential "2.0" reboot of the exchange. While no official announcement has been made, Ray previously expressed a willingness to explore options for relaunching the exchange. However, skeptics argue that the exchange's history of technical failures, including high latency and software bugs, which contributed to its financial collapse in 2022, make a revival unlikely.

CoinGape - 1188 ngày trước

Cardano's Transaction Volume Skyrockets by 200% Amidst Crypto Downturn

Cardano (ADA) is defying the bearish trend in the cryptocurrency market with impressive results. The daily transaction volume has grown by 205.01% since the start of the year, reaching over 26 billion ADA per day. The transaction count has remained stable, witnessing a 33.45% increase from yearly lows and a three-month high of 98,000 transactions in one day. Traders between $10 and $100 accounted for 28% of all transactions during the peak period. Additionally, ADA whales have been accumulating, with spikes of over 1,500% in net flows by large holders.

Finbold - 1189 ngày trước

Hong Kong Will Allow Retail Investors to Trade Crypto Under Its New Rulebook

Hong Kong's Securities and Futures Commission (SFC) is expected to announce new rules allowing retail investors to trade cryptocurrencies such as Bitcoin and Ether starting from June 1. The move is part of the city's efforts to establish itself as a leading financial center. The regulator plans to implement safeguards such as knowledge tests and reasonable exposure limits to ensure secure and compliant retail trading. The decision is anticipated to reflect the digital asset community's belief that safe retail trading is vital for a robust virtual asset ecosystem.

bloomberg - 1189 ngày trước

Upcoming Months to Bring More Rallies for Crypto and Tech Stocks, Says Raoul Pal

Former Goldman Sachs executive Raoul Pal predicts that crypto and technology stocks will experience a significant rally soon. Pal believes that central banks worldwide will be compelled to print money, leading to increased liquidity and boosting risk assets, particularly the crypto and tech sectors. Despite confusion surrounding the bond trade and the debt ceiling issue, Pal suggests that any situation causing financial market paralysis will result in additional stimulus. He emphasizes that even if the economy slows down, central banks are likely to expand the money supply, driving asset prices higher.

The Daily Hodl - 1189 ngày trước

Crypto Exchanges Witness Massive $1.77B Bitcoin and Ethereum Outflow in 30 Days

The crypto market has remained stable in May, but a significant amount of Bitcoin and Ethereum has been withdrawn from centralized exchanges. In the past month, 43,301 BTC, valued at $1.16 billion, left the platforms, indicating a growing trend of investors moving their assets. Binance holds the largest Bitcoin reserve, but experienced an outflow of 10,102 BTC, while Coinbase saw a modest increase. Additionally, there has been a notable outflow of Ethereum, with approximately 340,000 ETH, worth $613.71 million, leaving exchanges. The combined outflow of both assets amounts to $1.77 billion.

Bitcoin News - 1189 ngày trước

Strike Announces Partnership with Tether to Facilitate USDT Transactions

Digital payments platform Strike has integrated Tether's USDT stablecoin into its platform, allowing for fast and secure payments. The integration aims to increase the use and adoption of USDT while providing Strike users with the ability to transfer cryptocurrencies without worrying about volatility. Tether's CTO, Paolo Ardoino, believes this collaboration signifies the acceptance and recognition of stablecoins as reliable digital payment solutions. Strike states that the integration will reshape the crypto industry and create new opportunities for seamless digital transactions.

CryptoSlate - 1189 ngày trước

Dubai Leads the Way with Plans for the World's First 'Bitcoin Tower'

Dubai-based developer Salvatore Leggiero plans to unveil the world's first Bitcoin Tower, a hotel chain highlighting the importance of digital assets and cryptocurrencies. The tower, shaped like Bitcoin, will integrate blockchain and AI technologies, prioritize sustainability, and offer guests NFTs with special utilities. By staking cryptocurrencies, guests can earn an APY that offsets their rental payment. He aims to bridge the gap between digital and physical assets, inviting global artists and crypto enthusiasts to contribute to the project. Dubai aims to become a leading cryptocurrency innovation hub and redefine real estate norms.

Finbold - 1189 ngày trước

Michael Saylor Supports Ordinals Protocol, Sets Sights on Global Bitcoin Expansion

Michael Saylor, CEO of MicroStrategy, recently voiced his support for the Ordinals protocol, praising its potential to drive global Bitcoin adoption. The decentralized network aims to make Bitcoin accessible to all through a user-friendly experience. Saylor believes that the protocol's intuitive design can overcome existing barriers to widespread Bitcoin acceptance. He emphasized the significance of education and awareness in advocating for Bitcoin and blockchain technology's advantages. Saylor's support for the Ordinals protocol demonstrates his dedication to advancing Bitcoin's mainstream acceptance and his confidence in its transformative capabilities.

CryptoSlate - 1190 ngày trước

The Kingdom of Bhutan's Business Division Dives into Crypto with Bitdeer Collaboration

Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives and has partnered with Bitdeer to develop green digital asset mining operations. DHI aims to invest in a more sustainable domestic economy and be at the forefront of global innovation. The collaboration with Bitdeer involves launching a carbon-free digital asset mining datacenter and establishing a 100-megawatt bitcoin mining facility in Bhutan. DHI's CEO believes that the mining sector is the least risky vertical and aligns with their future-facing investment strategy.

Bitcoin News - 1190 ngày trước

Indonesian Governor Aims to Boost Economic Growth Through Bitcoin Adoption

Indonesia flag's Governor Ridwan Kamil has expressed his enthusiasm for Bitcoin adoption, aiming to establish the country as a "Bitcoin heaven.". Plans are underway to create a dedicated Bitcoin trading exchange, aligning with the growing trend of younger generations acquiring Bitcoin. Over 12 million Indonesian investors, with 70% favoring Bitcoin, have contributed to the nation's progress in cryptocurrency adoption. He sees Bitcoin as a means to provide financial technology to the unbanked population (40% of society) and bridge the gap for financial inclusion, leveraging renewable energy resources to revolutionize the economy and enhance livelihoods.

CoinGape - 1190 ngày trước

President Biden Affirms No Debt Deal Protection for Crypto Traders

During his recent speech at the G7 summit, President Biden explicitly stated his refusal to agree to any debt deal that would protect crypto traders. This comes amidst a broader discussion on budget negotiations and heightened scrutiny of cryptocurrencies by US regulators. He underscored his commitment to bipartisan agreements and his own proposal to cut spending by over a trillion dollars, while rejecting proposals he deems unacceptable, especially those that potentially jeopardize food assistance programs for the sake of safeguarding wealthy tax evaders and crypto traders.

Twitter - 1191 ngày trước

Bitcoin Now Accepted for Campaign Donations by US Presidential Candidate Vivek Ramaswamy

Vivek Ramaswamy, the second 2024 presidential candidate in the United States to accept Bitcoin donations, encourages people to "Give $1" and make the upcoming election a referendum on fiat currency. He revealed this at the Bitcoin 2023 conference in Miami, where he displayed a QR code for donations. BitPay's payment service will handle the Bitcoin donations, although they also support other cryptocurrencies. U.S. citizens and permanent residents can donate up to $6,600, and in return, they will receive a nonfungible token (NFT).

cointelegraph - 1191 ngày trước

Valkyrie Unveils Ticker Symbol 'BTFD' for Bitcoin Futures ETF Application

Valkyrie, an asset management firm, has applied to the US Securities and Exchange Commission (SEC) to launch a leveraged bitcoin futures ETF called Valkyrie Bitcoin Futures Leveraged Strategy ETF (ticker symbol BTFD). The ETF aims to capitalize on the price movements of bitcoin futures contracts and not invest directly in bitcoin. Valkyrie plans to list the ETF on NASDAQ, allowing speculators to increase their exposure to bitcoin. This move reflects growing interest from traditional finance players seeking price and volatility exposure to Bitcoin without holding the digital asset directly.

Decrypt - 1195 ngày trước

Mark Yusko Expresses Confidence in Upcoming Crypto Bull Run

Mark Yusko, the founder and CEO of Morgan Creek Digital, remains confident in his prediction of an upcoming bull market for digital assets. However, he now believes that his initial timeline may have been too early. In an interview, Yusko expressed his anticipation for a "crypto summer" to commence around mid-June, revising his previous expectation for this month. He also noted the surprising resilience of Bitcoin despite significant bank failures occurring this year. Yusko sees this as an indication of valuable information regarding the cryptocurrency's strength and potential.

The Daily Hodl - 1195 ngày trước

MicroStrategy Empowers Corporate Clients With Lightning Network and Bitcoin Wallet Integration

MicroStrategy, led by executive chairman Michael Saylor, is dedicated to enhancing the Bitcoin Lightning Network. Saylor intends to offer Bitcoin wallets and Lightning addresses to all corporate account holders, streamlining the creation of Bitcoin rewards apps for stakeholders. LN adoption is flourishing in emerging markets like South America and Africa, bolstered by companies like Strike. MicroStrategy persistently explores LN-based solutions for enterprise marketing and cybersecurity. Saylor's incorporation of LN into his corporate email showcases his unwavering commitment to Bitcoin's Lightning Network.

CryptoPotato - 1195 ngày trước

MiCA Crypto Regulation Receives Overwhelming Support from EU Finance Ministers

The Markets in Crypto-Assets (MiCA) regulation has received overwhelming support from the Economic and Financial Affairs Council of the European Union. With an impressive 27 votes in favor, finance ministers from all member states have given the green light to this highly-anticipated legislation. In addition, the European Parliament has adopted two additional legislations concerning transfers of funds and certain crypto assets. MiCA establishes clear guidelines and requirements for cryptocurrencies, ensuring a secure and regulated environment. The bill's publication in the EU journal will precede its transformation into law by mid-2024.

cointelegraph - 1196 ngày trước

Ethereum Staking Returns Skyrocket, Sending Bullish Signals to Investors

The recent Ethereum upgrade, known as Shapella, has brought significant achievements to the ecosystem. ETH staking returns have surged, reaching a remarkable annualized rate of return of 8.76%. The introduction of unstaking has fostered investor confidence, leading to a deposit of 3.44 million ETH into ETH 2.0 contracts. Moreover, 2.67 million ETH has been successfully withdrawn, resulting in a net pledge of 770.70k ETH (worth approximately $1.41 billion). This upgrade holds the promise of reduced gas fees and improved scalability, providing developers with a more efficient platform.

Finbold - 1196 ngày trước

Paul Tudor Jones Stands Firm on Bitcoin Amid Escalating Regulatory Challenges

Renowned investor Paul Tudor Jones remains unwavering in his commitment to bitcoin, expressing his dedication to maintaining a small diversification in his investment portfolio. During an interview on CNBC's "Squawk Box," Jones acknowledged potential regulatory challenges but emphasized his positive perspective on the dominant cryptocurrency. While discussing the US economy, he suggested that inflation could decrease, which might present a challenge for bitcoin. Despite the regulatory opposition, Jones firmly stands by his belief in bitcoin's value and its potential as an investment.

Bitcoin News - 1196 ngày trước

Merge Impact Drives Ethereum (ETH) Supply Down by 0.285% in 240 Days

240 days after the Ethereum network's merge to a proof-of-stake system, the positive impact on the total ETH supply is evident. Around 650,000 ETH has been burned while approximately 424,000 new ETH have been minted, resulting in a net supply decrease of around -226,000 ETH. This represents a decrease of 0.213% or 0.285% annualized compared to the total supply. The higher burn rate and deflationary trajectory following the merge are expected to reward long-term Ether holders and potentially boost the price of ETH.

BeInCrypto - 1196 ngày trước