ETHGlobal announces 10 finalists for Istanbul Hackathon
ETH officially announced the 10 final projects selected for the Istanbul Hackathon on the X platform. The projects include:
Bitcoin, Ethereum active supply both hit record lows
According to data from TheBlock, as reported by Jinse Finance, the active supply of Bitcoin and Ethereum in the past year has reached a historic low. Between March 2017 and 2018, more than 59% of Bitcoin's supply was active. However, in the past year, only 30.12% of Bitcoin's supply changed hands. Ethereum saw more than 86% of its supply change hands between July 2016 and 2017, but last year only 39.15% of its supply changed hands, also setting a historic low. For Bitcoin, the historic low in active supply is usually before the block issuance reward is halved, which is expected to happen in 155 days (April 24, 2020).
The 1inch team has made moves to acquire approximately $11 million worth of ETH
1inch team has taken action to acquire ETH worth about $11 million. The 1inch team's related wallet has transferred 5 million USDT and 5.9 million USDC to two liquidity positions, with the allocation amount ranging from $1,965 to $1,800. The purchase of $11 million will be completed when the price reaches the benchmark level of $1,800.
So far this month, average Bitcoin transaction fees have risen more than 1,000%, reaching a peak of $18.67
According to CryptoFees data, from November 16th to 18th, the daily average fee for Bitcoin was $10.65 million, exceeding Ethereum's average fee of $6.9 million during the same period. According to BitInfoCharts data, since the beginning of this month, the average transaction fee for Bitcoin has significantly increased, rising by more than 1,000%, and reaching a peak of $18.67 on November 16th. This surge reflects the market's optimism about the possible approval of a Bitcoin exchange-traded fund (ETF) in the United States. (Beincrypto)
One whale spent a total of 18 million USDC to purchase 9,131 ETH
According to Lookonchain monitoring, a whale specializing in short-term trading of ETH has started buying ETH. In the past 24 hours, the whale has spent a total of 18 million USDC at a price of 1,971 US dollars to purchase 9,131 ETH.
A large player in the ETH band spent 10 million USDC to buy 5,114 ETH
Based on monitoring by X user @ai_9684xtpa, an ETH big player spent 10 million USDC to buy 5114 ETH within 10 minutes, with an average purchase price of $1974, causing the ETH price to briefly rise from $1951 to $1968. The whale had previously sold 17,500 ETH at an average price of $1928 on November 17, earning approximately $5.92 million.
What Is Ethereum Sharding? A Beginner’s Guide
Read through this guide to learn what Ethereum sharding is and why it is important to help scale the Ethereum network.
Ethereum saw $320 million flow out of exchanges this week
According to blockchain analysis company IntoTheBlock, there has been a significant outflow of funds from ETH exchanges in recent weeks. This week, Ethereum's outflow of transactions amounted to $320 million, with outflows exceeding $1 billion in the past three weeks. Exchange fund outflows often indicate that investors are moving funds from centralized exchanges to private wallets.
A giant whale deposited 7,324 ETH to Compound and loaned 9 million USDT to purchase ETH.
Lookonchain monitoring shows that a whale who previously went long on ETH has once again gone long on ETH. The whale withdrew 7,324 ETH (worth $14.3 million) from Binance, deposited it into Compound, and borrowed 9 million USDT. Afterwards, the whale deposited the 9 million USDT into Binance to purchase more ETH.
The market value of eths exceeded US$100 million, and the unit price of the token reached 4.77 USDT
According to Ethscription trading market Etch data, the market value of eths has surpassed 100 million US dollars, with a token price of 4.77 USDT and a floor price of 2.469 ETH.
