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JPMorgan has revised its bitcoin production cost estimate to $45,000 for now, noting ongoing hashrate shifts post-halving.Its previous estimate was $42,000, which still remains for the medium term, JPMorgan’s Nikolaos Panigirtzoglou told The Block.
The exploiter seems to be using flash loans to get enough SOL to buy out Pump.fun memecoin bonding curves.
Bloomberg ETF analyst Eric Balchunas said BlackRock having more than 400 holders report they own its spot bitcoin ETF is a “mind boggling” result.With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of total shares owned, followed by Schonfeld Strategic Advisors and Aristeia Capital.
Bitcoin derivatives traders are still ready to pay a premium for short-term downside protection, analysts say.However, a longer-term outlook shows a more optimistic options distribution, skewed towards calls, the analysts added.
SOL’s price surge is linked to recent crypto developments, notably involving Robinhood, Infinex, and MarginFi platforms.
- 03:13A trader spent 3059 SOL to buy 78.57 million GMEAccording to Lookonchain monitoring, after GME fell, a trader spent 3059 SOL ($526,000) to buy 78.57 million GME at an average price of $0.0067 per coin. The trader bought another 68 million GME with 1,409 SOL ($165,000) at an average price of $0.0024 on February 15 and February 16. After holding for three months, GME began to rise. He sold 35 million GME for SOL ($503,000) at an average price of $0.0144 on May 13 and May14 . Currently he holds about111.57 million GME (approximately $781,000), with a total profit of approximately $593,000.
- 03:12An hour ago, a certain whale withdrew 120 BTC from CEX, valued at approximately 7.97 million USDAccording to The Data Nerd, an hour ago, a whale starting with 37tr7 withdrew 120 BTC (approximately $7.97 million) from Binance. Within a week, the whale accumulated a total of 185 BTC at an average cost of $64,712. Last year, he accumulated 50 BTC worth $1.23 million and then sold them all for $2.83 million, realizing a profit of $1.6 million.
- 02:57Avail will airdrop the first NFT to users listed on the leaderboard of the lightweight client challengeThe modular blockchain project Polygon Avail announced on Twitter that it will airdrop the first NFT to users listed on the light client challenge leaderboard when its mainnet launches.
