News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
HYPE and ICP stand out as this week’s top perfomers.
Quick Take The seven-day moving average number of transactions on the Bitcoin network hit a 19-month low recently, according to The Block’s data. A number of Bitcoin Core developers released a statement Friday saying that nodes should not refuse to relay low‑fee or non‑standard transactions if miners are willing to include them. Mononaut, founder of open-source explorer Mempool, noted that a transaction with a near-zero fee was recently mined into a block, signaling low demand from miners.
While TRUMP shows a brief 7% rise, ongoing outflows and the Musk-Trump feud hinder substantial recovery, with resistance at $10.97 capping potential gains.
Despite a recent 11% rise, Virtuals Protocol struggles with investor interest and resistance at $1.93. A breakthrough could target $2.00, but the trend remains uncertain.
SUI’s recent 12% surge could spark significant liquidations if it breaks $3.33, but negative momentum and resistance pose challenges to further gains. Watch for key price levels to determine direction.
- 12:49Data: USDC Treasury burns approximately 74.4 million USDC on the Solana networkChainCatcher reports, according to Whale Alert monitoring, the USDC Treasury has burned 74,406,039 USDC on the Solana network, valued at approximately $74.4 million.
- 12:49Kaito Announces First Half Performance and Ecosystem Development Plan: Launches Venture Capital Division and Allocates 6 Million KAITO to Incentivize EcosystemAccording to ChainCatcher, Yu Hu, founder of the Web3 content analytics platform Kaito, recently released a mid-year performance update and outlined future development strategies. Data shows that Kaito achieved an annualized revenue of approximately $40 million in the first half of the year, with over 80% of this revenue verifiable through on-chain data. According to the announcement, Kaito will focus on three major strategic directions over the next 12 months: deepening the integration of on-chain data and social content, optimizing the content ranking system and Kaito Earn mechanism to enhance matching efficiency and investment returns, and accelerating the development of a multi-platform content distribution network. In addition, Kaito announced the establishment of the Kaito Venture division, aimed at investing in and supporting crypto application projects that can fully leverage its content distribution advantages, further strengthening the value cycle of its ecosystem. The company plans to allocate 6 million KAITO tokens from its strategic reserves to incentivize content creators and drive ecosystem growth, while also exploring the establishment of a long-term behavioral rewards mechanism.
- 12:4974,406,039 USDC Burned from USDC TreasuryAccording to a report by Jinse Finance, and as monitored by @whale_alert, at 20:27 (UTC+8), 74,406,039 USDC (valued at $74,398,078) were burned from the USDC treasury.