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EigenLayer unveiled its native token, which will be distributed by the newly formed Eigen Foundation. The project will allocate 15% of Eigen tokens over multiple seasons to stakers.
TD Cowen anticipates a prolonged legal battle between Consensys and the SEC.The investment bank reiterates that it does not expect the SEC to approve spot Ethereum ETFs before 2025.
Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa’s 2023 monthly average, according to Nansen.
Ether has outperformed bitcoin for two consecutive weeks, as traders seek altcoin gains following the halving event, Bitfinex analysts noted.
Bitcoin hash price, the daily U.S. dollar value of a unit of hashing power, has fallen to fresh all-time lows. Despite a brief pop in revenue for miners post-halving amid the Runes frenzy transaction fee windfall, hash price has now dropped to less than $50 per PH/s per day.
Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.
Crypto investment products witnessed a further $435 million in net outflows globally last week as incumbent ETF issuers continue to see withdrawals.The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell from its latest all-time high.
- 07:58ETC welcomes good news again, Bitmain launches Antminer E11 mining machine, comprehensively improves ETC mining efficiency, and promotes token value breakthroughOn January 16th, ETC Grants Dao announced that Bitmain has launched a new Antminer E11 mining machine, bringing new power to the ETC (Ethereum Classic) network. This mining machine with a power of 2340W is tailored for ETC mining and will greatly improve the mining efficiency of miners. As an important part of the ETC network, Antminer E11 will not only bring higher computing power to miners, but also further optimize the decentralized characteristics and security of the ETC blockchain. With more and more miners joining, the market demand for ETC tokens will continue to rise, and the market prospects will become broader. The launch of the Antminer E11 mining machine not only increases miner profits, but also provides a solid foundation for the healthy development of the ETC network. Miners and investors will witness the long-term value appreciation of ETC tokens under the promotion of this new mining machine. At the same time, on January 16th, 18th, and 20th, users can participate in guessing activities at different stages to win generous rewards. January 16 - Specification speculation Guess the J/M parameters of Antminer E11 and win a $10,000 coupon. January 18 - Price speculation Guess the price of Antminer E11 and win a $10,000 coupon. January 20th - officially released Antminer E11 officially launched for sale, exclusive discounts not to be missed! With the release of the Antminer E11 mining machine, the mining efficiency of the ETC network will reach a new high, and the market potential of ETC tokens will be further unleashed. This mining machine not only provides stronger computing power support for miners, but also promotes the continuous expansion of the ETC token ecosystem. Against the backdrop of the continuous growth in the number of miners and computing power, the prospects of ETC tokens have become clearer, and market demand and value are expected to further increase.
- 07:27DWF Labs Partner: Trump is doing the best marketing for the crypto marketPANews reported on January 18th, DWF Labs partner Andrei Grachev tweeted that Trump is doing the best marketing for the cryptocurrency market.
- 07:25Data: The circulation of USDC has increased by about 1.1 billion in the past 7 daysPANews reported on January 18th, according to official data, within the seven days up to January 16th, Circle issued approximately 3.3 billion USDC and redeemed about 2.2 billion USDC, increasing the circulation by around 1.1 billion coins. The total circulation of USDC is about 46.4 billion coins with a reserve of approximately $46.5 billion USD, including roughly $5.8 billion in cash and an estimated $40.8 billion held in the Circle Reserve Fund.