ChainCatcher news, according to IntoTheBlock data, the total fees on the Ethereum network reached 45.2 million USD this week, a week-on-week increase of 188.51%, marking the highest level since early June.

ChainCatcher news, according to IntoTheBlock data, the total fees on the Ethereum network reached 45.2 million dollars this week, a week-on-week increase of 188.51%, marking the highest level since early June.

According to ChainCatcher news, monitored by Arkham, the value of the cryptocurrency assets held by former U.S. President Donald Trump's address has fallen below the $7 million mark, currently dropping to $6,377,998.10, a decrease of about 80% from the peak of over $31 million in early June. The current holdings of this address mainly include:2,103.45 billion TROG, worth approximately $456,000;579,290 TRUMP, worth approximately $2.68 million;492.067 ETH, worth approximately $1.48 million;377.428 WETH, worth approximately $1.14 million.

ChainCatcher news, Cryptoquant analyst Crypto Dan posted that the cryptocurrency market is still in a bull market, and the Bitcoin price has not yet reached its peak, predicting that it can rise further. In past bull markets, the MVRV peaks were 4.83 and 3.97, while currently it has only reached 2.78, indicating that it has not yet entered the overvaluation zone, and further increases are expected. After Bitcoin entered the overheating phase in March 2024, it experienced more than two months of consolidation and adjustment, and it is likely to see further increases in early June.

ChainCatcher message, Shen Yu stated on social media, "Based on the experience of the BTC ETF and public market information, the timeline for the ETH ETF is as follows:· May 23: ETH 19B-4 unexpectedly passed, and market makers began purchasing ETH spot to prepare for providing liquidity.· Early June: S1 may pass. Referring to the BTC ETF, it may take as little as 2 weeks, but the normal pace could take 3 months.· Mid-June: After S1 passes, trading may begin immediately or within a few days.· June to December: The initial inflow of funds may mainly come from retail investors, accounting for 80-90% of total funds; institutional participation is relatively low. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure, and it remains to be seen whether it can withstand this selling pressure.· After December: Over time, institutional investors may gradually enter the market."

ChainCatcher news, Circle CEO Jeremy Allaire stated in an interview that Circle has adjusted its reserve portfolio supporting USDC to include short-term U.S. Treasury bonds, thereby avoiding potential U.S. debt default. Allaire mentioned that the company no longer holds U.S. Treasury bonds maturing after early June.Information disclosed by the BlackRock-managed Circle Reserve Fund shows that the bonds currently held by the reserve fund are set to mature no later than May 31. (Source link)

ChainCatcher news, the Solana Foundation will launch a competition called "NFT Showdown," calling on creators to put their business ideas into practice. The submission window will open in early June, and 10 winners will receive direct support from Solana. (source link)