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In 2024, Ethereum charges $2.48 billion, the most of all blockchains, followed by Tron with $2.15 billion. According to a report by CoinGecko on January 21, Bitcoin is in third place with $922 million. Ethereum's fee revenue last year increased by 3% compared to $2.41 billion in 2023. Lim Yu Qian, research analyst at CoinGecko, wrote: "This shows that while the Dencun upgrade in March 2024 has reduced L2 transaction costs, users are migrating from the L1 chain to their L2 extensions.
Bitcoin broke through the $100,000 mark for the first time last week, before easing back from recent gains. XTB's Kathleen Brooks said in a report that Bitcoin's fall below the $100,000 mark highlights "the risks and unpredictability of cryptocurrencies". Bitcoin's recent sharp appreciation follows Trump's victory in the US Presidential Election, which boosted the industry in hopes of more crypto-friendly regulation from Trump.
The main palm oil contract opened slightly higher in midday trading, but then continued to rise, reporting 9912 yuan/ton, an increase of 1.6%.
Ed Hyman of Evercore ISI, one of Wall Street's most closely watched and respected economists, expects the Fed to cut interest rates by 50 basis points on Wednesday and eventually achieve a soft landing. "I would be shocked if they don't cut rates by 50 basis points tomorrow," Hyman, founder and chairperson of Evercore ISI, said in an interview. Hyman's turnaround comes at a critical time for the U.S. economy and financial marekt. The Fed is widely expected to open...
TSMC shares followed Nvidia's overnight decline, falling more than 5%.
According to Bloomberg, one of the most closely watched legal cases in the cryptocurrency space made important progress last week when a federal judge ordered Ripple Labs Inc. to pay a $125 million civil penalty for selling its XRP tokens to institutional investors without registering with the Securities Exchange Commission (SEC). The fine is a fraction of the $2 billion sought by the agency, which could be good news for other crypto firms battling the SEC.
On August 7th, the picture shows the Asia-Pacific market stock market index. Today, Shinichi Uchida, deputy governor of the Bank of Japan, said for the first time after "Black Monday" that the Bank of Japan will not raise interest rates if the market is unstable. The remarks calmed uneasy investors. Asian stocks also rebounded, and the Nikkei 225 index rose by 3%.
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