Ethereum transaction costs have declined dramatically to an average of $0.016, representing a 99% decrease from their November 2021 peak, according to data from Token Terminal. The sharp reduction reflects improvements in network efficiency and scaling solutions implemented over the past two years. Lower transaction fees make the network more accessible for routine transfers and smaller transactions.
Archives: Fast News
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Ethereum transaction costs have decreased by 99% since their peak in November 2021
Ethereum’s transaction costs have dramatically decreased by 99% since reaching an all-time high in November 2021. The current average transaction cost is only 0.016 USD, according to data from Cointelegraph and Token Terminal.
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Bitcoin Surpasses Gold in U.S. Ownership – The importance of maintaining BTC at this level
Bitcoin has overtaken gold, having 50 million owners compared to gold’s 37 million in the U.S. This reflects a rising preference among investors for Bitcoin as a reserve asset, suggesting a shift in market dynamics.
Bitcoin must hold the price level of 63,700 USD to avoid potential declines. The next risk levels are identified at 57,000 USD, 52,400 USD, and 48,700 USD, making market sentiment essential in the week starting March 9.
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Supreme People’s Court highlights need for strict punishment of cyber crimes involving virtual currencies and cross-border fund transfers
Zhang Jun reported a 158.5% increase in cybersecurity crime cases in China over the past five years, marking significant concerns for the nation’s digital landscape.
The Supreme People’s Court insists on strict penalties for crimes such as money laundering and foreign exchange evasion involving virtual currencies, also stressing measures against illegal cross-border fund transfers.
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Coinbase CEO says crypto could lower barriers to startup fundraising
Coinbase CEO Brian Armstrong stated that cryptocurrency could streamline fundraising and capital formation processes, potentially enabling more startups to access funding globally. Armstrong highlighted how blockchain technology might reduce friction in traditional funding mechanisms, though he did not provide specific implementation details or timelines for such changes.
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Orca DEX SOL-USDC pool offers 52.5% APY on Solana
The SOL-USDC liquidity pool on Orca DEX has reached $26M in total value locked with an APY of 52.5%. High yield rates like this typically reflect elevated impermanent loss and volatility risk, so participants should understand the trade-offs between potential returns and exposure to price fluctuations between the two assets.
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Market bulletin: Bitcoin slips 1.92% as crypto cap holds $2.27T
Bitcoin trades at $66.0K with a 24-hour decline of 1.92%, while Ethereum slips 1.71% to $1.9K. Total crypto market cap remains at $2.27T on $75.63B daily volume. BTC dominance stands at 58.08% and ETH at 10.28%.
Top gainers include DEXE (+8.73%), CHZ (+5.28%), and KITE (+4.69%), while WLD (-4.47%), OKB (-5.35%), and VIRTUAL (-5.47%) lead declines. The broader meme/dog token sector gained 7.36% to $19.73B market cap.
Futures sentiment remains tilted toward longs: BTC long/short ratio at 2.30 (69.7% long), ETH at 3.16 (76.0% long), and SOL at 3.37 (77.1% long). Options data shows BTC put/call at 0.69 with 66.9% implied volatility, while ETH put/call sits at 0.63 with elevated 85.3% IV.
In DeFi, Sentora TVL surged 48.2% to $1.5B. Gold markets faced renewed volatility amid Middle East risk and dollar strength.