Bitcoin ETFs Surge as Ethereum Loses $202M
Blackrock’s IBIT sees $122M inflow into Bitcoin ETFs, while Ether ETFs face $202M outflow, highlighting diverging crypto demand. #Update #Crypto $BTC
Ethereum
Solana Trade Costs Plummet Amid Pool Returns Crash
@JumpCrypto’s study reveals that propAMMs lower Solana ($SOL) trade costs significantly, with execution costs of 0.26 basis points versus 2.59 for public AMMs, raising concerns over passive liquidity returns. #Update #Crypto $SOL
Ethereum Hits 5% Supply Hard Cap Target
@TomLee announced that BitMine will not accumulate more than 5% of the $ETH supply, establishing a ceiling for future purchases. #Update #Crypto $ETH
Aave Hikes GHO Borrow Rates 15%
@Aave has increased the borrowing rate for GHO to 4.5%, aiming to replenish depleted USDC reserves; however, effective liquidity depends on stablecoins entering the GHO Stability Module. #Update #Crypto $GHO
XRP Launches as Collateral for Real Loans
$XRP supports live dollar borrowing on Ethereum, but 93% of $7.2M in loans is concentrated among three addresses, raising concerns about market stability. #Update #Crypto $XRP
Ethereum Solana Ranked Most Bullish by CryptoQuant
CryptoQuant’s latest analyst consensus shows $SOL leading with 92.9% bullish ratings, followed by $ETH at 84.4% and $BTC at 82.5%. Elevated XRP futures activity noted, alongside Bitcoin’s historical performance post-U.S. midterms. #Update #Crypto $SOL
Crypto Syndicate Exposed by ZachXBT’s Infiltration
Blockchain investigator ZachXBT infiltrated a Chinese laundering syndicate, tracing over $1 billion in funds linked to the Lazarus Group and resulting in Tether freezing 442,000 USDT. #Update #Crypto $USDT
Ethereum Layer 2 Pudgy Penguins Shuts Down
@PudgyPenguins’ Abstract has shut down due to stalled growth and low trading activity, shifting focus to digital collectibles and PENGU cryptocurrency. #Update #Crypto $PENGU
Ethereum Launches Atomic L1-L2 Transfers
The Ethereum Economic Zone showcased an atomic L1-to-L2 transfer on mainnet, marking a milestone in interoperability tech. #Update #Crypto $ETH
Ethereum Layer-2 Shutdown Hits Pudgy Penguins
Abstract, an Ethereum layer-2 from Pudgy Penguins’ parent company Igloo Inc., will shut down on Dec. 15 due to limited DeFi ecosystem and liquidity issues. #Update #Crypto
Ethereum Launches Japan Digital Bond Initiative
Startale Japan launches a ¥99.9M digital bond paying 5% interest in JPYSC stablecoin, testing regulated stablecoin settlement in corporate bonds. #Update #Stablecoin
Ethereum Launches Glamsterdam Upgrade on Sepolia
Ethereum’s Glamsterdam upgrade has launched on the Sepolia testnet, enhancing scalability with proposer-builder separation and block-level access lists, ahead of mainnet activation. #Update #Crypto $ETH
Arbitrum Joins Paxos for Digital Dollar Growth
@Arbitrum joins the Paxos-led Global Dollar Network, integrating USDG with over 150 partners to capture stablecoin economics, as $3.8B in stablecoins circulate on its network. #Update #Crypto $USDC
Ethereum Unifies L1-to-L2 Transactions Successfully
The Ethereum Economic Zone (EEZ) successfully tested an atomic transaction between Ethereum mainnet and a layer-2 network, marking a significant milestone for cross-chain interactions. #Update #Crypto $ETH