Cathie Wood: Solana is faster and more cost-effective than ETH
Cathie Wood, CEO of ARK Invest, described Solana as a major infrastructure participant in the broader blockchain ecosystem, and added that it has been doing "very well" under recent market conditions. Cathie Wood said that ETH is faster and cheaper than BTC, which is why we get ETH. Solana is faster and more cost-effective than ETH.
Ethereum Layer 2 Networks Reach $13 Billion TVL Milestone Despite Challenges
Ethereum layer 2 networks have reached a significant milestone with a total value locked (TVL) of $13 billion within their contracts, as per L2Beat data. Despite challenges in user experience and security, the trend of increasing interest in layer 2s is expected to continue. There are currently 32 Ethereum layer 2 networks, including Arbitrum One, Optimism, Base, Polygon zkEVM, and Metis. While layer 2 networks have thrived due to successful marketing efforts and high yields, they still face challenges in terms of user experience and centralization. The competition from layer 2s is expected to push for improvements to layer 1s, resulting in higher throughput for the foundational layers. Additionally, the number of layer 2s is increasing, with OKX and Kraken rumored to be building their own.
A certain whale sold 6,099 ETH for $1,964 4 hours ago
According to Lookonchain monitoring, a certain whale sold 6,099 ETH for 12 million USDC at a price of $1,964 four hours ago. This whale had previously earned about $14.3 million by trading ETH. In addition, the whale escaped from the FTX/Alameda crash and timely withdrew ETH from FTX. Recently, the whale bought ETH before the price increase and earned about $8.3 million through ETH during this period. Currently, the whale holds 20,000 ETH with unrealized profits of about $6 million.
A giant whale sold 6,099 ETH at a price of $1,964 1 hour ago
As monitored by Twitter user Yu Jin, one hour ago, a whale (0x828) who focuses on ETH market broke through and sold 6,099 ETH for 11.97 million USDC at a price of $1,964. The whale currently holds 20,000 ETH ($39.39 million) with an average cost of $1,677, resulting in a profit of $5.92 million. Additionally, since September 29th, the whale has been continuously buying RLB and has spent $2.38 million to purchase 16.41 million RLB at an average price of $0.145. The current profit of the purchased RLB is $1.62 million (+68%).
A giant whale spent 22.8 million DAI to buy 11,522 ETH in the early morning
According to X user @ai_9684xtpa's monitoring, at 3:00 am this morning, ETH briefly fell to $1,949, and the whale with a 100% win rate in November started buying for the third time. The whale started building positions from the drop of ETH (02:44 in the morning), buying continuously for an hour, spending a total of 22.8 million DAI to buy 11,522 ETH, with an average cost of $1,978. Currently, the price of ETH has rebounded slightly and is now at $1,972.
FTX address moves approximately $4.9 million worth of tokens on Ethereum and BNB Chain
PaShield monitoring shows that a wallet labeled as FTX has transferred approximately $4.9 million worth of cryptocurrency on both Ethereum and BNB Chain. This includes:22,948.56 CAKE ($51,405.23)37,735,856.65 CHZ ($2,893,623.49)1,578,590.83 ENJ ($426,501.92)4,454,242.27 LRC ($997,090.72)76.23 PAXG ($148,138.43)475,111 USDT ($475,111)
A giant whale has spent a total of 1156.25 ETH to buy 95.06 million MEME since November 4th.
A whale bought 1682 MKR for $1.959 million in September and sold them for $1,451 in October, realizing a profit of $490,000 (+25%) as monitored by Twitter user Yu Jin. From November 4 until now, the whale has continued to buy MEME, having already spent 11,562.5 ETH ($2.25 million) to buy 95.06 million MEME at an average price of $0.0237. Currently, the whale's MEME has a floating profit of $1.08 million (+48%).
Salus Security Lianchuang: The privacy functions provided by ZKP can be applied to the Ethereum main network
A study by Salus Security co-founder Mirror Tang and his colleagues shows that the privacy function provided by zero-knowledge proofs (ZKP) can be applied to the Ethereum mainnet. Tang said the research indicates that if we can use computational optimization to incorporate ZKP technology into the Solidity compiler, we can significantly reduce the gas fees of Ethereum itself. As a result, transaction activity will be concentrated in the main network rather than scattered across different L2 ecosystems.
Boyaa Interactive, China’s largest card game company, plans to spend $90 million to buy Bitcoin and Ethereum
According to an announcement from the Hong Kong Stock Exchange, China's largest chess and card game company, Boyaa Interactive, will increase its holdings of cryptocurrencies. Currently, it is expected to purchase approximately $45 million worth of Bitcoin and $45 million worth of Ethereum, and will also spend up to $10 million to purchase USDT and USDC stablecoins.
Rocket Pool has over 1 million ETH pledged, becoming the LSD protocol second only to Lido
According to DeFiLlama data, Rocket Pool has over 1 million ETH staked, making it the second-largest protocol after Lido's LSD. As of writing, the top three rankings are:
