Transaction URL: https://blockchain.com/btc/tx/1c55409138b6b188385456530a5f64e7d3d3c9a06f708218c33a03027c1e1428
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Solana could be seeing a substantial change in who benefits from the blockchain being built.
A proposal from Jito’s DAO would send 3% of all maximal extractible value (MEV) tips collected by the protocol to the DAO treasury and to TipRouter, an in-house program developed for Jito’s forthcoming restaking platform.
Jito Labs has also pledged to reduce its own tip share from 5% to 3%, meaning 6% of all Jito MEV tips would be taxed under the new program, up from 5% currently. The proposal estimates the fee switch would generate $22.8 million in annual revenue for the recently-formed Jito DAO.
MEV…
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Ever since BlackRock filed for its spot Bitcoin ETF last year, Bloomberg ETF analysts Eric Balchunas and James Seyffart have been providing valuable insights and data regarding everything Bitcoin ETFs. If you’re not already following either of them on X, I highly recommend you do.
Today, Balchunas shared a new mind blowing statistic about BlackRock’s spot Bitcoin ETF IBIT specifically. Over the last four years, there were over…
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The daily net flow of Bitcoin ETFs in the U.S. as of October 24, 2024, revealed notable activity, predominantly characterized by significant inflows and a few declines across several funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) dominated the day with an impressive net inflow of 4,801 BTC, indicating strong investor confidence and attraction to this particular ETF.
On the other hand, ARK’s Bitcoin ETF (Ticker: ARKB) saw a substantial outflow, losing 1,498 BTC, and Bitwise (Ticker: BITB) also faced a reduction, decreasing by 380 BTC. Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) experienced a decline as well, with 140 BTC moving out.
However, positive movements were seen in some of the smaller funds. VanEck’s Bitcoin ETF (Ticker: HODL) added 57 BTC. Despite the mixed results from other funds, the total Bitcoin holdings for all ETFs listed stood at 964,144 BTC, with a net overall increase of 2,830 BTC for the day, valued at approximately $191.1 million. This reflects a vibrant trading day with significant capital flows within the U.S. Bitcoin ETF market.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Binance has BNB Chain, Coinbase has Base, OKX has the X Layer and now Kraken has Ink.
Kraken announced today its plans to launch its own Ethereum layer-2 network, Ink, expected to go live on mainnet in early 2025.
Ink uses Optimism’s OP Stack, and will be part of Optimism’s constellation of blockchains, dubbed the Superchain.
The OP Stack is the most widely-used rollup stack today, with about 43 live chains, according to L2Beat. Other upcoming layer-2 chains include Sony’s Soneium and Uniswap’s Unichain.
Read more: Optimism plans to unify its Superchain with an interoperability layer
Based on a press release shared with Blockworks, Kraken is opting into the Optimism Superchain…
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Bitcoin’s price has rebounded to over $67,000, fueled by significant outflows from centralized exchanges and aggressive buying by large-scale investors, according to IntoTheBlock data. After a brief dip in value following a $581 million net outflow from exchanges, the cryptocurrency’s ecosystem witnessed a surge in whale transactions, with over $100 billion in large-scale Bitcoin transfers this past week.
The market dynamics shifted as Bitcoin whales began accumulating again, adding a net of 165.5 BTC to their holdings, reflecting a renewed confidence among major holders. This uptick in activity coincides with a broader market sentiment of fear of missing out (FOMO), which could potentially drive prices higher.
Adding to the bullish momentum, U.S. spot BTC exchange-traded funds, including BlackRock’s iShares Bitcoin Trust ETF, saw substantial inflows of $192.4 million on a single day, marking a significant turn in investor interest towards Bitcoin. This recent financial maneuvering underscores the growing mainstream acceptance and investment in cryptocurrency.
With the digitization of banking and even money, financial transactions require additional security to maintain user privacy and prevent fraud. Decentralized finance, or DeFi, is changing how individuals and institutions interact with their finances online. DeFi uses blockchain technology to increase security and transparency in decentralized transactions, with no intermediary or broker being required. This new financial system offers users a new level of openness, assessability, and efficiency that fiat currency does not.
What Is Decentralized Finance?
DeFi refers to financial services backed by blockchain technology. Unlike traditional financial systems, which often rely on…
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Follow Aaron on Nostr or X.
Earlier this month, the European Central Bank (ECB) published a paper in which the authors claim the existence of Bitcoin could impoverish non-holders and latecomers.
Specifically, they wrote:
“Since Bitcoin does not increase the productive potential of the economy, the consequences of the assumed continued increase in value are essentially redistributive, i.e. the wealth effects on consumption of early Bitcoin holders can only…
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