The hottest event of the last two days is just off the charts commissions on the Ethereum network. Yesterday, a typical transaction cost an average of $100+ of gas.
Against this backdrop, the difficulty of mining bitcoin has declined, and the memcoin Pepe has simply torn the market, eclipsing even the recent Sui. All in all, it was quite a day, let’s analyze it.
Topic of the day
Memcoin $PEPE seems to have decided to leave behind even its competitors in the sector. The token was poured on Binance, and last week’s performance was 1,100%.
$PEPE is already over $1B and looks like it will soon be competing with SUI. By the way, this is one of the main reasons for the $100 gas on Ethereum:
The results of yesterday
- Israeli authorities confiscated 190 accounts on Binance on suspicion of terrorism financing;
- Discord will remove 4 digits from user nicknames;
- Voyager begins debt payment procedures;
- CEO Coinbase tries to dispel rumors about the exchange moving;
- Discuss the Lens Protocol;
- Mining difficulty dropped for the first time after record growth;
- MicroStrategy unveiled a platform to reward customers or employees;
- Montana passed legislation to protect cryptominers;
- Primex released update 0.4.0 for the beta version of their app.
More events from the crypto world in our TG Channel. And if you’re looking for the fastest wild west news, you’re here.
Market Compass
- General Market Conditions:
- Fear & Greed Index of Bitcoin:
- Total market capitalization:
- DeFi TVL:
- R.I.P:
In search of game changer
Gained money:
New projects on the horizon:
- Cryptia is a protocol for confidential transactions using anonymous addresses.
- Blacksmith0x – describe themselves as “the best shytcoin tool on the market”. Fully insistent AI-enabled token sniper.
- LogarithmFinance – Liquidity management layer and market maker with delta-neutral strategies on Arbitrum.
- DeDeLend – builds a single interface for swaps on GMX, GNS as well as options from Hegic, Lyra and Premia.
Current trends
- Hunting for drops: Taiko, zkSync Era, SUI, LayerZero and more. Do it now so you don’t repeat FOMO Arbitrum and Sui later.
- The Fed once again raised its key rate. The market was expecting it, so it didn’t storm much, but the S&P500 had a tough time.
- Mainnet Sui launched. The active users who got alloca caught their X’s. The non-believers are once again shamed.