Latest Crypto News

According to data disclosed by digital asset and encrypted ETP provider 21Shares on social media recently, Ethereum is still the leader of the Layer 1 blockchain, currently accounting for 70% of the DeFi market share and 54% of the NFT market share.

In the first quarter of 2023, the transaction volume processed on the Ethereum chain is close to the payment giant Visa. Data show that the settlement amount of Ethereum reached 3.01 trillion U.S. dollars in the last quarter, while the settlement amount of Visa was 3.08 trillion U.S. dollars.

The merger dramatically changed Ethereum’s monetary policy, reducing daily issuance by more than 88%. Meanwhile, EIP-1559 has burned more than 3.3 million ETH (worth $6 billion).

Glassnode data shows that the transfer volume of profitable long-term Bitcoin holders has increased sharply this year, increasing by nearly 2000%.

The amount transferred by these holders, who are currently in floating profit, has increased dramatically from $25 million at the beginning of the year to $489 million currently.

Despite the massive increase, this figure is still 71.4% below the peak of $1.74 billion during the 2021 bull market.

Among them, investors who hold Bitcoin for 6 to 12 months appear to be the most active group, and their trading volume is three times that of all other long-term holders who have held Bitcoin for at least a year.

According to data from IntoTheBlock, the number of SHIB holders’ addresses in a state of floating losses has exceeded 1 million, accounting for 79.86% of all addresses.

These addresses hold a total of 887.86 trillion SHIB worth $7.75 billion, accounting for 90.31% of the total SHIB supply.

It is worth noting, however, that 410.35 trillion SHIBs are stored in a “dead” address for destruction. This means that a significant portion of the SHIB supply is effectively unusable.

Of the aforementioned 1 million addresses, more than a third were individuals who purchased SHIB in the $0.000009 to $0.000014 price range.

According to official news, the Ethereum pledge agreement Swell Network released the Voyage incentive plan. Users can collect pearls by holding liquid pledged Token Swell ETH (swETH) and providing swETH liquidity in Balancer, Aura, Uniswap v3, Maverick, and Bunni.

By collecting pearls, users can gain governance rights of Swell DAO in the future. Swell official Discord related character holders and Gitcoin donors will receive corresponding pearls at the end of Voyage.

Pearl counts will be updated on the Voyage dashboard every Wednesday at 02:00 UTC.

Starbucks said in an email to users that it is preparing to provide NFT airdrops for Odyssey rewards program participants.

The airdrop will be available to US users and participants must be Starbucks Rewards members and participate in the Odyssey Rewards program.

As previously reported, on December 8 last year, the beta version of the Starbucks Web3 platform Starbucks Odyssey was officially launched. Registered users can earn collectible digital journey stamps (Journey Stamp) and Odyssey points by participating in entertainment and interactive activities.

Cryptocurrency exchange Binance has announced that it will stop bitcoin (BTC) and Australian dollar (AUD) spot trading activities on June 1, according to a May 26 statement.

Additionally, the exchange will cancel spot trading activity for other cryptocurrencies on the same day, including Cardano ( ADA ), Ethereum ( ETH ), Dogecoin ( DOGE ), XRP, BNB, Solana ( SOL ) and Polygon ( MATIC ) with AUD trading pairs.

Binance said its users can still trade the affected assets on other trading pairs within its platform. However, it will terminate its trading bot service for the aforementioned pairings.

On May 24, Binance ended support for spot trading activities for eight digital assets paired with the Australian dollar.

Ethereum’s Layer 2 network experienced a surge in mainnet payment fees in May, reaching nearly 9,000 ETH worth $16.2 million.

This is a fivefold increase from the total fees paid by Layer 2 in January, largely due to soaring gas costs on the Ethereum mainnet.

Among them, Arbitrum became the main contributor to the main network payment fee, generating a cost of 4260 ETH, which is about 7.6 million US dollars. zkSync’s Era mainnet came in second with 2,250 ETH, or roughly $4 million.

U.S. Senator Cynthia Lummis said on social media that the idea of a 30% tax on the electricity used by Bitcoin miners proposed by the Biden administration will not happen.

A 30% tax increase on any particular industry is a blatant attempt by the government to pick winners and losers, and I would not have President Biden tax the digital asset industry so that it ceases to exist.

Lummis also hinted that if the Biden administration imposes a Digital Asset Mining Energy (DAME) tax, Bitcoin miners will simply flee the US, saying miners can mine anywhere.

Nike-owned Web3 collectibles platform .SWOOSH released its first NFT sneaker collection called Our Force 1, which has surpassed $1 million in sales.

The sale, which began with “First Access” on May 15, has experienced multiple delays and several technical issues that have hampered the user experience.

The “General Access” sale began on May 24, two weeks later than the originally proposed date, and the platform has also experienced congestion and technical issues that have prevented many from minting, and the sale is still ongoing.

According to the official website, .SWOOSH is a brand new community experience designed to give users the opportunity to co-create the future of Nike.

Cryptocurrency critic Peter Schiff, who has hated cryptocurrencies for years and called NFTs worthless and easy to copy two years ago, is preparing to release a collection of Bitcoin-based NFT art that will be auctioned off soon.

Schiff tweeted about the “Golden Triumph” collection on May 27. The collection will be sold through a two-part auction starting June 2 and ending June 9.

For Ordinals, the highest bidder will receive #1 of the series, and the next 49 highest bidders will receive #2 – #50.