ChainCatcher news, the F2Pool Twitter post states that with a BTC price of $54,000, ASIC miners with a power consumption of 23 W/T or higher will be in a loss situation at an electricity price of $0.07 per kWh.

ChainCatcher news, regarding "why $7.6 million was raised, and TGE just started a few weeks ago, ZKX announced it would cease operations," ZKX founder Eduard responded, stating that the $7.6 million funding was raised from 2021 to 2024 to support a 30-person team developing a dedicated blockchain to scale perpetual contracts. Eduard mentioned that this funding covers multiple code audits with Nethermind, TGE listing fees, AWS cloud service expenses (high L3 costs), and developer promotion activities for Cairo programming.He emphasized that all user funds have been fully returned, over 80% of users have withdrawn from the protocol, and the main wallet is self-custodied. The core founders did not sell any tokens, but four years of effort and life achievements have gone to waste. Additionally, Eduard noted that the DeFi team faced immense community pressure, vulnerabilities, scams, and hacking attacks. He stated that the team did its best to protect customer funds, and Binance is aware of the identities of some attackers. Finally, he reflected that choosing a full-chain smart contract protocol instead of L3 and other strategic decisions might have been financially wiser, and expressed that the team has learned lessons from this painful experience.Earlier, ChainCatcher reported that the Starknet ecosystem DEX ZKX would cease operations and advised users to withdraw funds before September.

ChainCatcher news, according to The Block, F2Pool data shows that after BTC fell below $55,000, only 5 Bitcoin miners remained profitable, namely Antminer S21 Hydro, Antminer S21, Avalon A1466I, Antminer S19 XP Hydro, and Antminer S19 XP, with breakeven Bitcoin prices of $39,581, $43,292, $48,240, $51,456, and $53,187 respectively.

ChainCatcher message, f2pool data shows that, based on an electricity cost of $0.06 per kWh, the mining machines such as Shennma M30S++ (shutdown coin price $57,513), Shennma M33S++ (shutdown coin price $57,514), Avalon A1346 (shutdown coin price $55,657), and Antminer S19 Pro (shutdown coin price $54,813) are all approaching their shutdown coin prices.

ChainCatcher message, the Ethereum liquid staking protocol ClayStack announced that due to the lack of resources and product-market fit during its continuous operation over the past three years, it has decided to cease operations.Effective immediately, ClayStack will enter a mode that only supports withdrawals. The platform has conducted a de-staking operation, and funds are expected to be available for withdrawal by June 18.

ChainCatcher news, the official blockchain application platform Lisk announced on social media that it has launched Lisk Core v4.0.6, introducing the node shutdown plugin.It is reported that this plugin will automatically shut down nodes after the snapshot at block height 24,823,618 on the L1 mainnet is finalized, and the LSK token will exist as an ERC-20 token only on the Ethereum network and Lisk L2.

ChainCatcher news, according to f2pool data, with an electricity cost of $0.06 per kWh, the Antminer S19, Shenma M30S+, Shenma M33S+, and other miners are approaching shutdown coin prices after the halving.

ChainCatcher message, the cross-chain liquidity aggregation protocol Via Protocol announced that the Via router has lost network connectivity, with the specific time unknown. Due to the inability to continue paying server fees, the team plans to open source the Via Protocol code.

ChainCatcher news, the U.S. Department of Justice has announced the arrest of Aliaksandr Klimenka, the mastermind behind the trading platform BTC-e, which has been shut down for several years, in Latvia. He is accused of participating in money laundering related to criminal activities from 2011 to 2017, with an amount involved exceeding $4 billion.

ChainCatcher news, Frank, the founder of the DeGods and y00ts series NFTs, stated on social media that the Points Parlor loyalty program will be shut down, and points will no longer be issued to DeGods and y00ts NFT holders.Frank mentioned that the original intention of the loyalty program was to provide more value to the community. However, it has proven that the points system has fundamental flaws, which are reflected not only at the product level but also in the severely imbalanced distribution of points, leading to the system not being widely welcomed. He is willing to reconsider if a viable alternative arises, but for now, it has been decided to close the loyalty program.

ChainCatcher news, Web3 anti-fraud solution Scam Sniffer tweeted that the scam service provider Inferno Drainer announced its closure after defrauding over $70 million from approximately 103,000 victims.

ChainCatcher news, according to The Block, Markus Thielen, the head of cryptocurrency research and strategy at investment firm Matrixport, stated that U.S. President Joe Biden signed a temporary spending bill yesterday, which avoided the possibility of a government shutdown and mitigated the risk of further sell-offs in the cryptocurrency market.Thielen believes that if the government were to continue shutting down, non-essential government work would cease, including progress at the Securities and Exchange Commission regarding potential Bitcoin spot ETF approvals, which could even halt until January 2024, leading to more profit-taking and a potential 10% drop in Bitcoin.

ChainCatcher news, regarding "Avalanche blockchain explorer Snowtrace is about to shut down," TradingStrategy founder Mikko Ohtamaa commented that the service fee required by EtherScan is between $1 million and $2 million per year.Previous news, Avalanche blockchain explorer Snowtrace announced that it will be discontinued at 8:00 AM Beijing time on November 30. The community speculates that this move may be due to the Avalanche team deciding to stop paying for Snowtrace services. Snowtrace is the Avalanche C-Chain block explorer developed and operated by the Etherscan team.

ChainCatcher message, Discord trading bot None Trading tweeted that due to serious vulnerabilities in the infrastructure, the team has lost a significant amount of funds and tokens held by the team, and three core team members have also left. In light of the current situation, None Trading can no longer continue operations, and users have 30 days to claim rewards and complete transactions; after that, the project will be shut down. The price of None Trading token NONE has fallen from around $0.4 at noon today to $0.1, plummeting over 70% in 24 hours.