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Coinbase says market 'underestimating' timing and odds of spot Ethereum ETF approval
Coinbase says market 'underestimating' timing and odds of spot Ethereum ETF approval

Coinbase analyst David Han said the market may be “underestimating” the timing and odds of a potential spot Ethereum ETF approval.The mismatch leaves room for “surprises to the upside,” with no major sources of supply-side overhangs, he added.

The Block·2024/05/17 13:43
Telegram CEO Pavel Durov appears to endorse Notcoin following launch on TON blockchain
Telegram CEO Pavel Durov appears to endorse Notcoin following launch on TON blockchain

Telegram CEO Pavel Durov appeared to endorse the viral web3 clicker game Notcoin following its token launch on the TON blockchain yesterday. Notcoin is an “amazing success story,” reaching “almost $700 million in market capitalization,” Durov wrote in his Telegram channel.

The Block·2024/05/17 12:04
Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off
Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off

Synthetix’s decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 due to increased selling on decentralized exchanges. The price later recovered slightly to $0.96. Chaos Labs identified that the de-pegging was triggered by a major liquidity provider withdrawing from the sBTC/wBTC liquidity pool on the Curve.

The Block·2024/05/17 11:28
Bitcoin holds above $66,000 despite global stock downturn
Bitcoin holds above $66,000 despite global stock downturn

Bitcoin is holding above the $66,000 mark, despite a downturn in Asian and European stocks, and U.S. stock futures.

The Block·2024/05/17 11:19
Flash
  • 00:16
    The current lock-up volume of the BASE network is 1.575 billion US dollars
    According to DefiLlama data, the TVL of BASE network is now $1.575 billion, with a 24-hour increase of 1.49%. The top three in terms of TVL in the ecological protocol are as follows: Aerodrome's TVL reached $684 million, with a seven-day increase of 0.73%; Uniswap's TVL reached $240 million, with a seven-day increase of 9.01%; Extra Finance's TVL reached $108 million, with a seven-day increase of 6.03%.
  • 00:15
    The total value of Starknet Bridge's storage has exceeded 900,000 ETH
    Dune data shows that the total value of zkSync bridge storage has reached 3,682,002 ETH, and the total value of Starknet bridge storage (TVB) is 902,964 ETH with a total number of bridged user addresses being 1,225,270. The total value of Arbitrum bridge storage is 3,752,252 ETH; Optimism's bridge storage totals at 766,937 ETH; Base's bridge storage totals at 594,611 ETH.
  • 00:14
    The total number of unconfirmed Bitcoin transactions across the network is 104,291
    According to BTC.com data, the current number of unconfirmed transactions in the entire Bitcoin network is 104,291. The total network computing power is 582.76EH/s and the transaction speed over 24 hours is 4.67 transactions per second. The current overall difficulty level of the network is at 83.15T, it's predicted that the next adjustment will decrease by 2.11% to 81.40T with an estimated time of four days and eighteen hours remaining until this adjustment occurs.