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Cloudflare has announced the launch of the stablecoin NET Dollar, aiming to optimize payment efficiency within its ecosystem and address issues such as lengthy settlement cycles and high fees in traditional finance. The enterprise stablecoin can improve supply chain finance efficiency, reduce costs, and enhance corporate control over the payment process. Summary provided by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
The options market has been aggressively repriced, with skew surging and strong demand for put options, indicating the establishment of defensive positions. The macro backdrop suggests the market is becoming increasingly fatigued.
Quick Take Summary is AI generated, newsroom reviewed. Solana price falls below $200 due to pending ETF approval decision. Upcoming Solana ETF ruling may influence institutional investment flows significantly. Market indicators suggest short-term oversold conditions for the SOL token. Solana total value locked reaches a record $12.27 billion in DeFi. Analysts expect the ETF verdict could reset Solana price momentum quickly.References INSIGHT: $SOL slips under $200 as looming ETF ruling could flip the table
This article will provide an in-depth analysis of the innovative applications within the Hyperliquid ecosystem, exploring how these projects are building sustainable competitive advantages for Hyperliquid in a highly competitive market, and will include ways to interact with them.
- 07:56Data: 2,000 bitcoins from a Casascius physical coin dormant for 13 years have been transferred, worth approximately $180 millions.According to ChainCatcher, citing CoinDesk, two wallets associated with Casascius physical bitcoins recently transferred a total of 2,000 bitcoins, valued at approximately $180 million, after lying dormant for over a decade. These bitcoins had not been moved since 2011 and 2012, when the price of bitcoin was less than $15, compared to nearly $90,000 today. Casascius physical coins were created by Utah entrepreneur Mike Caldwell in 2011 as tangible collectibles containing embedded private keys, with denominations ranging from 1 to 1,000 BTC. Each coin came with a tamper-evident holographic seal to protect the private key underneath. Caldwell ceased production of pre-funded coins at the end of 2013 after the U.S. Financial Crimes Enforcement Network (FinCEN) identified him as an unregistered money transmitter. The specific purpose of the recent transfers remains unclear; it could be for sale, internal restructuring, or as a precaution to preserve access. It may also be related to the physical components degrading, similar to an incident earlier this year where a user claiming to own a 100 BTC Casascius bar reported difficulty importing the key into a modern wallet after peeling off the hologram.
- 07:56Data: The average cash cost to mine one bitcoin has reached $74,600According to ChainCatcher, citing the latest data from CryptoRank.io, the average cash cost to mine one bitcoin has reached $74,600. When including depreciation and stock-based compensation (SBC), the total cost soars to $137,800. As network hashrate surpasses the symbolic milestone of 1 ZH/s, industry competition is intensifying and mining profit margins are plummeting. This shift is prompting many public miners to reallocate computing power to artificial intelligence (AI) and high-performance computing (HPC) workloads, as these sectors offer significantly higher profit margins compared to traditional bitcoin mining. The industry is splitting into two distinctly different business models: Infrastructure providers—transforming mining data centers for high-profit computing tasks; and traditional miners—continuing operations in a more competitive, near-zero profit environment. Analysts point out that the high mining costs also reflect the scarcity of bitcoin, which may be one of the factors driving the current price increase.
- 07:41Solana Foundation Chairman urges lending protocols to stop infighting and focus on expanding market shareJinse Finance reported that Lily Liu, Chair of the Solana Foundation, called on lending protocols within the ecosystem to stop attacking each other and focus on market expansion. She directly mentioned Kamino and Jupiter Lend on social media, pointing out that the current Solana lending market size is about $5 billion, while the Ethereum market is ten times larger, and the size of the traditional finance collateral market is trillions of times greater. Liu stated: "We can attack each other (one-click loan position transfers, mocking and rude remarks, etc.), or we can focus on capturing market share from the entire crypto market and the traditional finance market."