ETH destroy volume hit a new low on Saturday FARTCOIN breaks through $0.53

Reprinted from jinse

03/24/2025·2M

Headlines

▌Ethereum network 's daily ETH destruction hit a record low last Saturday

According to The Block data, the Ethereum network destroyed only 53.07 ETH in a single day last Saturday, with a value of about $106,000 at current prices, a record low, indicating a significant reduction in demand for Ethereum block space. Ethereum's EIP-1559 changes simplify the transaction fee process, while requiring the network to destroy all ETH used to pay basic transaction fees. The mechanism is designed to reduce inflationary pressures and could make Ethereum a deflation asset during peak network activity. Additionally, the seven-day moving average of active addresses has recently fallen to its lowest since October 2024. The number of new address creations, transactions and daily transactions have also declined in recent weeks.

▌ FARTCOIN broke through US$0.53, with a 24-hour increase of 14.8%

The market shows that FARTCOIN broke through US$0.53 and is now quoted at US$0.5252, with a 24-hour increase of 14.8%. The market fluctuates greatly, please do a good job in risk control.

Quotes

As of press time, according to Coingecko data,

BTC's recent transaction price is US$86,530.47, with an intraday increase of +2.8% ;

ETH's latest transaction price is US$2,015.08, with an intraday increase and decrease of +1.4% ;

BNB's recent transaction price is US$627.43, with an intraday increase and decrease of -0.0% ;

SOL's recent transaction price is US$134.51, with an intraday increase of +4.5% ;

DOGE's recent transaction price is US$0.1742, with an intraday increase and decline of +3.8% ;

XPR's recent transaction price is US$2.45, with an intraday increase and decline of +3.1 % .

policy

▌View: The White House is considering using gold reserves to buy Bitcoin

According to BITCOINLFG, the White House is reportedly considering using gold reserves to buy Bitcoin.

▌International Monetary Fund: It did not say it regards Bitcoin as "digital gold."

The IMF has not said they regard Bitcoin as "digital gold."

Blockchain application

▌Developers port Tornado Cash to MegaETH test network

According to The Block, developer Gunboats ported the Tornado Cash protocol to the MegaETH public test network, which supports 20,000 transactions per second. Inspired by the U.S. Treasury Department lifted Tornado Cash sanctions, Gunboats deployed it to MegaETH and named ETHTornado. He used the Truffle framework to complete the porting and said that Solidity smart contracts can be easily written through Foundry now. Gunboats believes that such restrictions are meaningless and emphasizes that the current low activity of ETHTornado is mainly due to the lack of easy-to-use front-end.

Cryptocurrency

▌Bitcoin mining difficulty increased by 1.43% to 113.76 T last night, close to an all-time high

Cloverpool data shows that the difficulty of Bitcoin mining is at 889,056 (03-23 19:15:42 Beijing time), with the difficulty increased by 1.43% to 113.76 T, close to the historical high (114.17).

▌ CZ uses 0.04 BNB to issue a 24.7-fold long order on APX Finance, and the transaction has been completed.

According to the monitoring of the on-link analyst @ai_9684xtpa, seven minutes ago, CZ used a public donation address to issue a 24.7-fold long order on APX Finance with 0.04 BNB (the transaction has been closed) -APX: has risen 26% in a short time (US$0.64>US$0.081) -mubarak: has risen 5.5% in a short time (US$0.146>US$0.154)

▌ CZ: The first time I have conducted on-chain perpetual contract testing in APX Finance, it is just an experience

CZ posted on X platform, saying, "It is the first time that you can do long mubarak in APX Finance to conduct on-chain perpetual contract testing. I just want to experience it, and I want to see if there is still a miner extractable value (MEV). You may be incredible that I have never traded futures on Binance (centralized exchange). Although I have seen many product demonstrations."

▌A whale spent $5 million to buy 401,420 TRUMPs, with an average price of $12.45

According to Onchain Lens monitoring, Whale @naseem spent $5 million to buy 401,420 TRUMPs, with an average price of $12.45. The whale has made more than $109 million in the TRUMP transaction.

▌ USDC Treasury adds 250 million USDC to Solana Chain

According to monitoring by Whale Alert, on-chain data tracking service, USDC Treasury added 250 million USDCs to the Solana chain at around 4:01 am Beijing time.

Important economic trends

▌Important macro data in the United States next week: The core PCE of the United States in February was announced on March 28

The important macro data to be released by the United States next week are as follows: · At 21:05 on March 25, FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered an opening speech at an event; · At 01:10 on March 27, FOMC Voting Committee and St. Louis Fed Chairman Mousalem delivered a speech; · At 20:30 on March 27, the number of initial unemployment claims (10,000) in the week from March 22, expected to be 22.5, the previous value was 22.3; · At 20:30 on March 27, the final value of the annualized quarterly rate of the US real GDP in the fourth quarter was expected to be 2.3%, the previous value was 2.3%; · At 20:30 on March 28, the annual rate of the US core PCE price index in February was expected to be 2.70%, and the previous value was 2.60%; · At 22:00 on March 28, the final value of the University of Michigan Consumer Confidence Index in March was expected to be 57.9, and the previous value was 57.9.

▌The probability of the Federal Reserve keeping interest rates unchanged in May is 87.8%

According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 87.8%, and the probability of cutting interest rates by 25 basis points is 12.2%. The probability of the Federal Reserve keeping interest rates unchanged by June is 18.1%, the probability of a cumulative interest rate cut of 25 basis points is 72.2%, and the probability of a cumulative interest rate cut of 50 basis points is 9.7%. (Jin Shi)

Golden Encyclopedia

▌What is a cold wallet?

Cold wallet is a cryptocurrency storage method that stays offline and is disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.