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Daily crypto liquidations surge as bitcoin price retreats from $70,000 again
Daily crypto liquidations surge as bitcoin price retreats from $70,000 again

Bitcoin’s price briefly surpassed the $70,000 threshold; however, it quickly fell by 3.5% to around $67,000.The past day’s price fluctuations resulted in a spike in long crypto positions getting liquidated on centralized exchanges.Ether reached a new monthly peak of $3,937 before retracing to $3,710 at the time of writing.

The Block·2024/05/24 13:22
Here's why other cryptocurrencies may face a harder time getting their own ETFs
Here's why other cryptocurrencies may face a harder time getting their own ETFs

Yesterday, the SEC approved spot Ethereum ETFs from BlackRock, Fidelity, Grayscale and others.Attention has turned toward which cryptocurrencies could receive an ETF wrapper next, with Solana top of the speculative list.However, based on prior pathways and the SEC’s stance on some cryptocurrencies, spot ETFs beyond Bitcoin and Ethereum are unlikely to be happening anytime soon.

The Block·2024/05/24 11:50
Altcoin bounce is on the way
Altcoin bounce is on the way

Cryptodaily·2024/05/24 11:43
A list of important news on May 24
A list of important news on May 24

BlockBeats·2024/05/24 11:13
Flash
08:04
Analyst: Hyperliquid’s per capita revenue is about $56.42 million, far surpassing traditional trading platforms such as CME Group.
Odaily reported that il.hl, an on-chain analyst for the Hyperliquid ecosystem, published a comparative analysis showing that Hyperliquid's per capita revenue reaches approximately 56.42 million USD, significantly higher than traditional finance and crypto trading platforms. The comparative data are as follows: 1. Hyperliquid: approximately 790 million USD in revenue, around 20.6 billion USD valuation, 14 employees, nearly 100% profit margin; 2. Robinhood: approximately 4.47 billion USD in revenue, around 97.2 billion USD valuation, about 2,400 employees, roughly 42% profit margin; 3. CME Group: approximately 6.52 billion USD in revenue, around 88.5 billion USD valuation, about 3,800 employees, roughly 62% profit margin; 4. Nasdaq: approximately 8.26 billion USD in revenue, around 46.5 billion USD valuation, about 9,200 employees, roughly 22% profit margin. The analysis shows that under the "protocol-level infrastructure" model, Hyperliquid achieves exceptionally high efficiency: revenue is almost equal to net profit and operating costs are kept to a minimal level, reflecting the structural feature that "revenue does not grow linearly with staff." However, this current advantage rests on the stage where regulatory and compliance costs have not yet fully materialized. If compliance pressure increases in the future, profit margins may narrow.
07:55
Zimbabwe lowers gasoline and diesel prices
Diesel prices will drop from $2.09 per liter to $1.99 per liter.
07:52
Galaxy Digital Head of Research reveals updates on the Satoshi Nakamoto Bitcoin lawsuit, amicus brief prevents default judgment
Alex Thorn, Head of Research at Galaxy Digital, disclosed progress in a lawsuit where two Wyoming-based companies are attempting to classify 39,069 dormant Bitcoin addresses as abandoned property. On May 29, attorney Ian R. Cohen submitted an amicus curiae brief, arguing that dormancy does not equate to abandonment. On June 4, Judge Kathy King issued a stay order, preventing the plaintiffs from obtaining ownership through a default judgment. On June 19, Ian R. Cohen countered that the plaintiffs set the value at $10 to circumvent the threshold, and on-chain data shows that 52 addresses moved 34,335 BTC, with 29 addresses transferring 12,302 BTC after being served, undermining the premise of abandoned assets.
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