According to on-chain analyst Yu Jin monitoring, ZKasinoproject party's leveraged long position on ETH is still increasing: in the past 2 hours, they have borrowed 12.38 million DAI from Aave through loop lending to purchase 3,723 ETH. They have already borrowed a total of 31.937 million DAI to purchase 13,040 ETH from Aave, using 10,535 ETH owned by users as the base margin. The average cost of these leveraged ETH purchases is $3,402, and they are currently at a floating loss.

According to on-chain analyst Yu Jin's monitoring, ZKasino project party's leveraged Long ETH is still increasing the position. In the past 2 hours, they have borrowed 12.38 million DAI from Aave through loop lending to buy 3,723 ETH. They have borrowed a total of 31.937 million DAI from Aave with the 10,535 ETH belonging to users as the basic margin to purchase 13,040 ETH through leverage, with an average cost price of 3,402 USD per ETH, currently at a loss.

ETH Block on ETH price 'crazy bullish': groundbreaking research Tim Robinson has announced groundbreaking simulation results indicating that the implementation of 'blobs' on Ethereum could have a significant Favourable Information on the long-term price of ETH. In a series of posts on X, Robinson emphasizes how blobs completely change the scalability and economic dynamics of Ethereum. 'Many people are debating Blob, but so far, no one has simulated how they respond to demand... until now,' Robinson said. 'In short: Blob is extremely beneficial for the long-term trend of ETH.' The Blob introduced in Ethereum Improvement Proposal (EIP)-4844 is a large data structure designed to enhance network capacity by efficiently storing and processing off-chain data. This mechanism is crucial for layer 2 (L2) scaling solutions to offer lower transaction fees, while maintaining security through Ethereum's Consensus. Robinson's simulation project shows that the Ethereum network has a transaction speed of 10,000 transactions per second (TPS), with an annual burn rate of 6.5% of its total ETH supply. The average cost of L2 transactions is $0.06. This scenario involves a blob of 16 MB for each Block, consistent with the mid-term goals outlined by Ethereum co-founder Vitalik Buterin in his latest post 'The Surge'. "Yes, the Ethereum network runs at a speed of 10,000 transactions per second, consuming 6.5% per year, while the average cost of L2 transactions is $0.06, and each Block has a 16 MB blob," Robinson explained. "Do you think L2 is a parasite, and Vitalik hasn't thought this through? Ah, lovely summer child, you don't realize how crazy it will be when the Ethereum ecosystem truly kicks into high gear." An important insight from Robinson's research is that as the usage of blobs increases, the amount of ETH destroyed increases rapidly. 'Interestingly, blobs go from being free to destroying a large amount of ETH at such a fast pace. It seems that almost everyone is unaware of this tipping point. This also makes me think that there may be better pricing mechanisms,' he observed. Robinson provides a simulation tool that demonstrates that as the TPS expands from the current approximately 180 TPS to 400 TPS, the ETH destruction rate rises exponentially. The data shows that the destroyed ETH increases from about 4 ETH per day to 1,832 ETH per day. By implementing PeerDAS (Peer Data Availability Sampling), the scalability potential is further enhanced, allowing blob capacity to scale with the number of validators. "Because the total blob capacity scales with the total number of validators, after implementing PeerDAS, blobs can scale as needed," Robinson explained. "There are 10k+ nodes sharing the load between them. While other ecosystems struggle under the load, Ethereum will provide the world with cheap, abundant block space, along with a strong deflationary currency." One interesting feedback loop that Robinson discovered is the inverse relationship between ETH price and burn rate. 'Another interesting feedback loop is that the lower the ETH price, the higher the burn rate! As the trading price drops, the volume increases, and the burn rate soars,' he pointed out. 'Look at how different the burn rates are between ETH at $2000 and ETH at $10000'. In response to the appreciation of ETH, Robinson said, "So how will ETH appreciate? As the most useful, most scarce, and deflationary asset, with over 10,000 teams using ETH to develop their products, ETH may achieve this. In the long run, ETH has the best fundamentals in the world; it just needs time to take effect." This study has sparked enthusiasm and discussion within the ETH community. Mat (@materkel) commented on X, 'Once we reach blob capacity, it will be very interesting. I guess many L2s still need to figure out how to handle this situation and charge users correctly. There will be many inefficiency issues to solve; we didn't have multiple competing L2s in this scenario before. Once the dust settles, we will have proper price discovery for L2 fees and blobs on L1.' Robinson responded, emphasizing the importance of proactive analysis: "Yes, absolutely! I am trying to provide data so that we can solve any problems before reaching our destination. As the blob increases, the market will become more stable, but in the early stages, fees may be very volatile." (Data Source: Jake Simmons)

Don't miss Floki FOMO: Social media sends Meme Coin at a rate of 300% Floki, with a Shiba Inu as its mascot, claims to be the competitor of DOGE. With the increasing social media discussions and the thriving ecosystem, Floki has broken free from the recent market turbulence. Despite the overall instability of the cryptocurrency market, Floki seems to be carving out its own path, powered by an enthusiastic online community and strategic expansion plans. Technical analysts have noticed a bullish chart pattern forming around Floki. Renowned cryptocurrency analyst Jonathan Carter has identified a rising triangle pattern, which is a technical indicator that typically signals a price breakout. This pattern indicates that if FLOKI can break through the key resistance level of $0.000171, its value may pump significantly. In addition, the continuous rebound from the key level of $0.00016500 highlights strong support for the token, providing some comfort to potential investors. Floki's success is not only reflected in the charts. This meme coin has witnessed an astonishing rise in social media engagement. Data shows that in the past six months, social interactions have increased by an incredible 320%, with a 109% increase in social dominance. The 'voice share' on platforms like Twitter and Telegram symbolizes a growing and highly engaged community, which is a key factor for the long-term success of any cryptocurrency. But Floki is not satisfied with just being a viral meme coin. The project is actively building a strong ecosystem to expand its utility and value proposition. An important development is the company's entry into the booming play-to-earn (P2E) gaming field, launching Valhalla, a metaverse project that allows players to earn FLOKI tokens by playing games. The combination of blockchain technology and gaming may attract a new wave of users and investors. Floki has also launched a unique trading bot for the BNB Chain network. This bot requires FLOKI tokens to operate and may increase token demand through its fee structure, which involves buying back FLOKI on the open market. This creates a feedback loop that could benefit both the bot's users and FLOKI holders. The collaboration with the platform allows users to stake their FLOKI tokens and borrow other major cryptocurrencies. This feature increases the utility of the token and makes it more appealing to a wider audience. Floki has adopted a global marketing strategy, conducting targeted marketing activities in regions such as Nigeria, Vietnam, and Turkey. In addition, partnerships with sports teams such as Atletico Madrid contribute to building brand awareness and loyalty. These initiatives can significantly expand Floki's coverage and user base. (Data Source: Christian Encila)

Golden Ten Data reported on June 4 that TikTok's GMV target in the United States in the second half of the year is 120-13 billion US dollars, of which the Global Selling business contributes about one-fifth. As of press time, ByteDance has not responded to this data. Judging from the past achievements and the various turmoil in the United States in the first half of this year, the goal for the second half of the year is not high. More than one respondent is concerned about whether this goal will be successfully achieved. Because the first half of the year is coming to an end, the performance of TikTok e-commerce in the United States is not optimistic. According to the data analysis website Tabcut, from January to May 2024, TikTok's fully closed-loop GMV in the United States is less than $2 billion. If the annual target of 17.5 billion in the United States revealed by Bloomberg at the beginning of the year is true, five months have passed, and the current GMV target has only been completed by 11%. The saying that "the platform is not performing well" is widely spread on the byte and merchant side. People close to TikTok said that they did not rule out the possibility of adjusting the target.

According to official sources, BTFS will undergo a major upgrade. This update will cover important content related to the BTFS protocol, official website, and the halving of BTFS mining rewards, further enhancing storage efficiency, expanding the user base, and establishing a positive feedback loop in the ecosystem. BTFS is committed to providing developers with efficient, secure, and reliable storage solutions for the ecosystem, while driving continuous growth of the BTTC network. BTFS plans to further improve mining strategies to attract more nodes to join the BTFS file storage network.

The data from Jinsan on May 27th showed that the popularity of "Where to go for Dragon Boat Festival" increased by 166% compared to the previous week. The popularity of self-driving travel also reached a new high during the Dragon Boat Festival holiday, with an average increase of over 100% in various regions. The Northern Xinjiang Loop became the preferred destination for long-distance and self-driving travel, with a surge of 233% in the popularity of "Altay" related content in the past week.

Odaily Planet Daily News Official sources said that vMANTA, supported by the whole-chain liquidity protocol Bifrost, will realize fee-free transaction mining and loop lending through Gull Network and Monroe. Recently, Bifrost combined with LayerZero to achieve native stake for MANTA token within Ethereum Layer2 Manta Pacific. Users can stake MANTA on omni.ls using Metamask wallet without cross-chain interaction. After staking, users can receive liquidity provider token vMANTA. You can trade vMANTA on Gull Network without any fees or provide liquidity to earn mining rewards. You can also borrow stablecoins on Monroe for circular lending.