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New users flock to Ethereum while long-term holders are less active than ever
New users flock to Ethereum while long-term holders are less active than ever

Quick Take The supply of ether that has been moved in the past one year, three years, and five years is currently at its lowest recorded level, according to The Block’s data. However, Ethereum saw an uptick of new addresses in March, the best month for new addresses since November 2021.

The Block·2024/04/07 21:22
Funding Wrap: Solana-based Ellipsis draws an Ethereum-heavy cap table
Funding Wrap: Solana-based Ellipsis draws an Ethereum-heavy cap table

Plus, a van Eck releases a stablecoin and Paradigm looks to raise another megafund

Blockworks·2024/04/07 19:31
Cathie Wood’s ARK Invest Accidentally Owns $15,000 Bitcoin Puppet
Cathie Wood’s ARK Invest Accidentally Owns $15,000 Bitcoin Puppet

Arkham revealed that Cathie Wood’s ARK Invest “accidentally” owns a Bitcoin Puppet worth $15,000.

Cryptopotato·2024/04/07 15:10
This Is What We Can Expect After the 2024 Bitcoin Halving According to Historical Patterns
This Is What We Can Expect After the 2024 Bitcoin Halving According to Historical Patterns

Somewhat expectedly, BTC’s gains after each halving have been slowing down, but there’s more to the story.

Cryptopotato·2024/04/07 15:10
Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend
Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend

Bitcoin is "well positioned" for a strong weekly close, but not everyone is trusting of traditionally unreliable weekend BTC price action.

Cointelegraph·2024/04/07 14:14
Flash
18:55
An executive from Petrobras stated that with international oil prices falling and the dual boost from a ceasefire agreement in the Iran conflict, previously postponed refinery maintenance and equipment overhauls will be able to proceed smoothly.
Supported by these two favorable factors, relevant refineries can carry out routine maintenance during a window in which operational and maintenance costs remain relatively manageable and risks of regional energy supply fluctuations are low. This also benefits the stable release of subsequent refining capacity.
18:55
An executive revealed that Petrobras plans to resume construction of the Mato Grosso fertilizer plant before September this year.
The restart of this project also means that Brazil will further enhance its domestic fertilizer production capacity, reduce its dependence on imported fertilizers, and play a positive role in ensuring the stability of the domestic agricultural industrial chain and lowering agricultural production costs.
18:51
Goldman Sachs raised its aluminum price forecasts for the London Metal Exchange (LME), adjusting the average price predictions for the third quarter of 2026 and for 2027 from the previous $3,200 per ton and $2,750 per ton to $3,300 per ton and $2,950 per ton, respectively.
As an internationally renowned investment bank, Goldman Sachs' commodity price forecasts typically take into account multiple factors including supply and demand fundamentals, macroeconomic trends, and changes in relevant industry policies. This recent upward revision in aluminum price expectations also reflects, to some extent, the institution's relatively optimistic outlook on the future supply-demand dynamics or price trends of the aluminum market. However, subsequent market trends will still need to be further verified by actual supply and demand data.
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