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Celo developer cLabs proposes using OP Stack to launch Ethereum Layer 2 chain
Celo developer cLabs proposes using OP Stack to launch Ethereum Layer 2 chain

cLabs, the core developer of the Celo blockchain, has proposed developing its Layer 2 chain using the OP Stack. After evaluating various scaling technologies over an eight-month period, the firm chose OP Stack for development.

The Block·2024/04/22 13:39
Crypto funds see $206 million in weekly outflows as investors 'fret' over interest rates: CoinShares
Crypto funds see $206 million in weekly outflows as investors 'fret' over interest rates: CoinShares

Global crypto investment products witnessed a further $206 million in net outflows last week.Expectations the Federal Reserve is likely to keep interest rates at higher levels for longer fueled the outflows, according to CoinShares.

The Block·2024/04/22 12:22
Bitcoin experiencing 'DeFi summer' moment as miners rake in record $100 million post-halving: Bernstein
Bitcoin experiencing 'DeFi summer' moment as miners rake in record $100 million post-halving: Bernstein

Bitcoin is experiencing a “DeFi summer” moment akin to Ethereum’s in 2020 amid the launch of a new token protocol called Runes, analysts at Bernstein said. Bitcoin miners generated over $100 million in rewards on April 20, with around $80 million just from transaction fees alone.

The Block·2024/04/22 10:51
Flash
10:12
Kpler: Asian crude oil imports are expected to recover to 22.18 million barrels per day in June.
Golden Ten Data reported on June 22 that Asia’s crude oil imports are expected to recover to pre-Iran conflict levels, but refined product supply remains constrained, and tight supply will be reflected in prices. According to data compiled by shipping intelligence firm Kpler, Asia is expected to import about 22.18 million barrels of crude oil per day in June, compared to 20.35 million barrels per day in May. The June import volume is still lower than the average of 26.76 million barrels per day in the three months before the United States and Israel launched an attack on Iran on February 28. However, this figure is significantly higher than April's eight-year low of 18.77 million barrels per day—April being the month most severely affected by Iran's effective closure of the Strait of Hormuz during the conflict. In addition, the situation where about 20% of global crude oil and refined products were transported through the Strait of Hormuz prior to the conflict may be restored, which will allow more oil to arrive in Asia in July.
10:10
Analysis: The Next UK Prime Minister Must Balance Political Ambition with Fiscal Discipline
Golden Ten Data reported on June 22 that MHA analyst Conor Hicks stated in a report that if a successor can deliver policy certainty, market volatility following UK Prime Minister Starmer's resignation could subside. Hicks noted, “The next prime minister must strike a balance between political ambition and fiscal discipline. If this balance can be achieved, investors may welcome a more predictable, growth-oriented policy environment.” He added that it remains difficult to predict what policy proposals the most likely contender to succeed Starmer, Andy Burnham, will bring. While Burnham has previously described himself as a fiscal expansionist, he has recently pledged to maintain existing fiscal rules. Hicks stated that investors will focus on tax and spending policies, while businesses are expecting a clear long-term investment plan.
10:06
Main force 24h movements: More large BTC holders placed limit sell orders, totaling 389 millions USD
According to the PRO major order list, the total trading data of BTC and ETH major players in the past 24 hours are as follows: BTC: Accumulated trading volume of $389 million, with buy transactions totaling $175 million and sell transactions totaling $214 million, resulting in a transaction difference of -$38.79 million. ETH: Accumulated trading volume of $464 million, with buy transactions totaling $235 million and sell transactions totaling $229 million, resulting in a transaction difference of $5.95 million. Latest data shows that major players still have positions at key price levels: BTC net pending order difference is $320 million; ETH net pending order difference is $194 million. Major pending orders may be withdrawn or executed at any time, and the changes cannot be tracked in real time on non-PRO version candlesticks. The PRO "Major Order Tracking" indicator monitors every large pending order change in real time, helping you judge whether this "wall" still exists. Note: A positive pending order difference indicates that major players have more limit buy orders than sell orders for the coin, implying there is active support below the current price; negative means the opposite, suggesting sell pressure above. Data is for reference only and does not constitute any investment advice.
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