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In its current form, Ether (ETH) is not a good form of money. This is due to one critical limitation: its value is highly unstable. However, ETH can become stable by adjusting the rewards to validators (and thus the supply of ETH) to changes in demand for ETH. We can target a 0% inflation rate while ensuring validators are paid sufficiently to ensure network security. This new monetary policy can be called Stable Ether Monetary Policy (SEMP). With SEMP, ETH holders would have a great currency, and ETH validators would have exposure to the adoption of ETH.
According to Token Unlocks data, 5.31 billion MEME tokens, worth over $155 million, will be unlocked on May 3, 2024, accounting for 31.96% of the circulating supply. These tokens will be unlocked and distributed to airdrops, advisors, and investors.
Coinglass data shows that the nominal value of unclosed BTC option positions on the entire network is 17.83 billion US dollars, which is the lowest point since February 26; the nominal value of unclosed ETH option positions is 8.07 billion US dollars, which is the lowest point since February 25.
According to official data reported , as of April 25th, Circle has issued a total of 3.8 billion USDC and redeemed approximately 3.5 billion USDC in the past 7 days, with an increase in circulation of approximately 300 million US dollars. The total circulation of USDC is 33.3 billion US dollars, with a reserve of 33.5 billion US dollars, of which approximately 3.4 billion US dollars are in cash, and the Circle Reserve Fund holds approximately 30.1 billion US dollars.
According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million.
According to on-chain analyst @ai_9684xtpa monitoring, 8 hours ago, address 0x4E8...fA555 transferred 8,150 ETH (valued at $25.64 million) to Galaxy Digital OTC address, suspected of commissioning sales.
Spot On Chain monitoring shows that wallet 0x011 (possibly Amber Group) withdrew 3 million SAFE tokens (worth $6.72 million) from Gate.io for the first time at a price of $2.25, six hours ago. It is worth noting that the price of SAFE has fallen by about 36% since April 23, 2024.
Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100.
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