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Solana hits $7.9 million all-time high in daily real economic activity
Solana hits $7.9 million all-time high in daily real economic activity

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.

Cryptopolitan·2024/10/23 14:27
Ethereum blobs entered price discovery for the first time since August’s Dencun upgrade
Ethereum blobs entered price discovery for the first time since August’s Dencun upgrade

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.

Cryptopolitan·2024/10/23 14:27
Bernstein analysts label their $200,000 bitcoin price prediction for end of 2025 as ‘conservative’
Bernstein analysts label their $200,000 bitcoin price prediction for end of 2025 as ‘conservative’

Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”

The Block·2024/10/23 12:42
JPMorgan economist says China’s stimulus wont do anything for its economy
JPMorgan economist says China’s stimulus wont do anything for its economy

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.

Cryptopolitan·2024/10/23 10:57
Flash
10:54
Zama Founder: Actively Communicating with All Parties to Unfreeze the cUSDC Contract Expeditiously, Will Release Detailed Post-Mortem Analysis
BlockBeats News, May 30th, Zama Protocol founder Rand released a new statement regarding the freezing of the cUSDC contract incident. The root cause has been identified, and the incident is entirely unrelated to Zama itself or its privacy technology. Instead, it originated from the Overnight Finance hacker address depositing approximately $12.5 million USDC. At that time, the address was not flagged on any sanctions list and was not intercepted by KYT tools. However, last night, a US court issued a restraining order to freeze the hacker-associated wallet. Since over 99% of the funds inside the contract are from this hacker, the court directly demanded freezing the entire wrapper contract to lock the illicit funds. Zama emphasized that it has always upheld a "compliance with confidentiality" stance and will not tolerate any illegal activities. Currently, it is in communication with all parties to expedite the unfreezing process. Meanwhile, it has suspended the cUSDC, cUSDT, cWETH contracts for a thorough investigation and will release a detailed post-incident analysis and future plans for dealing with such court requests.
10:34
RWA outdoor ecological platform XZ Navigator officially launches on BNB Chain
ChainCatcher news: The RWA ecosystem platform XZ Navigator, which integrates outdoor experiences with digital assets, has officially launched on BNB Chain. According to reports, XZ Navigator is aimed at global outdoor enthusiasts and high-net-worth individuals, and is committed to tokenizing real-world resources such as offline cultural tourism IP, event rights, and outdoor camps through digital methods. Its core ecosystem mainly covers three sectors: global outdoor route IP, elite social circles, and RWA digital asset empowerment. According to the official statement, the platform's long-term goal is to build a global network covering 100 countries, 100 selected routes, and 1 million users. In addition, the XZ Token will serve as the core digital rights carrier within the ecosystem, supporting scenarios such as identity verification, event participation, rights transfer, community incentives, and ecosystem governance.
10:20
Zama Responds to Circle Freezing cUSDC Contract: Legal Team Engaged, Will Soon Restore Qualified Participants' Access
BlockBeats News, May 30th, Zama's official response to Circle's freezing of the cUSDC contract incident. Circle's compliance system flagged a wallet of an external depositor due to holding funds in the cUSDC contract, causing the entire contract to be automatically swept into a standard holding freeze. This was only an incidental damage and not a sanction against the Zama Protocol. Zama's legal team has intervened, isolating the flagged address and will restore access for all unaffected participants as soon as possible.
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