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Ethereum Gas Fees Fall to New Low Since October 2023 | Cryptocurrency Trends

Aaron, Bitget Research
2024/05/08
Ethereum Gas Fees Fall to New Low Since October 2023 | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Binance CEO calls on the Nigerian government to release detained executive Tigran Gambarya.
  • HashKey Group joins the Hong Kong Monetary Authority's Project Ensemble Architecture Community.
  • Bitget Wallet launches the GetDrop airdrop platform with a $130,000 prize pool for its first memecoin-themed promotion.
  • Bybit integrates Ethena, allowing USDe to be used as collateral to trade perpetual futures.

2. Cryptocurrency Trends:

  • The U.S. SEC postpones its decision on the Invesco Galaxy spot Ethereum ETF to July 5.
  • LayerZero partners with Nansen and others on a Sybil detection report that will take into account users' weighted total transactions across all applications.
  • Ethereum gas fees fall to 4 Gwei, a new low since October 2023.
  • OSL’s partner products account for 76% of the first batch of spot virtual asset ETFs in Hong Kong.
  • Whales Market launches deBridge and Elixir points trading.

3. Financing Trends:

  • DeepLink Protocol, a decentralized AI cloud gaming protocol, receives a strategic investment from Waterdrip Capital.
  • Galaxis, a Web3 platform, raises $10 million in a funding round with participation from Chainlink and others.
  • Blade of God X, a blockchain game, raises millions in funding with participation from Delphi Ventures and others.
  • Botanix Labs, the developer of Spiderchain, raises $11.5 million in a funding round with participation from Polychain Capital and others.
  • Former Sequoia China executive's fund invests $24 million in BlackRock's Bitcoin ETF.
  • Zora, an NFT marketplace and L2 network, announces its acquisition of mint.fun, an NFT mint aggregation platform.
  • Lava Foundation raises $11 million in a funding round with participation from Animoca Brands and others.

4. Regulatory Trends:

  • Philippines SEC to launch a crypto regulatory framework in late 2024.
  • The U.S. government seizes $250 million worth of BTC from drug dealer Banmeet Singh.
  • The Hong Kong Monetary Authority forms the Project Ensemble Architecture Community to support the development of the tokenization market in Hong Kong.
  • The Democratic Party of Korea plans to submit another request to regulators in June for an authoritative interpretation of Bitcoin spot ETFs.
  • The Australian Taxation Office obtains data on 1.2 million accounts from crypto exchanges for tax identification purposes.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.