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Share link:In this post: Solana’s daily economic activity surged to an all-time high of $7.9 million on October 22nd. A chart from Blockworks reveals that the network’s real economic activity has exponentially increased since the end of September. Most of the activity comes from tips (Jito) and priority fees, while base fees and vote fees account for the smallest share of the economic activities.
Share link:In this post: The blob competition lasted for a short time, and it may be due to the Scroll airdrop event. L2s may change their behavior and their usage of Ethereum if blobs become too expensive. The event briefly raised L1 rent for the most active chains, with the biggest increase for Scroll and Base.
Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”
Share link:In this post: JPMorgan economist Haibin Zhu thinks China’s latest economic measures won’t provide the big stimulus needed to revive the slowing $18 trillion economy. Investors and analysts are skeptical, as Beijing’s focus remains on manufacturing and exports instead of boosting domestic demand. China’s property sector is still struggling, with house prices falling and weak government measures failing to make an impact.
- 01:33As of the end of September, BlackRock holds IBIT shares worth 78 million US dollars through two investment fundsAccording to reports, newly shared documents by the U.S. Securities and Exchange Commission (SEC) show that BlackRock has increased its holdings in the iShares Bitcoin Trust (IBIT) for its two funds, totaling $78 million as of September 30. The BlackRock Strategic Income Opportunities Fund (BSIIX), which manages $39 billion in assets, disclosed that it added over 2 million shares of IBIT to its portfolio during the period ending September 30. Currently, the fund holds 2,140,095 shares of IBIT, valued at approximately $77 million. Another document reveals that the BlackRock Strategic Global Bond Fund (MAWIX), managing $816 million in assets, purchased over 24,000 shares of IBIT, increasing its total holdings to 40,682 shares, valued at about $1.4 million. Both funds are managed by Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income. Since trading began in January, IBIT has grown rapidly, with its managed assets reaching about $48 billion as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust Fund (IAU), which manages about $33 billion in assets. IBIT has attracted a diversified group of investors including hedge funds, pension funds, and institutional investors. In the latest 13F filings, Millennium Management leads with approximately $848 million in IBIT shares, followed by Goldman Sachs with $461 million, and Capula Management holding $308 million.
- 01:29pump. fun sold 65,000 SOL seven hours ago, worth 15.3 million US dollarsAccording to on-chain analyst EmberCN, pump.fun sold 65,000 SOL about 7 hours ago, worth $15.3 million. So far, pump.fun has earned approximately 1.516 million SOL in transaction fees. The total amount they have sold is around 1.137 million SOL (approximately $206.76 million), with an average price of about $182 per SOL.
- 2024/11/28 23:55The USDC Treasury has destroyed 50 million USDC on the Ethereum chainAccording to Whale Alert monitoring, around 6:49 in the morning Singapore time, USDC Treasury destroyed 50 million USDC on the Ethereum chain.
