Evan Luthra Alpha

📢 Ethereum's Reduced Gas Fees Lead to Yearly Low in ETH Burn Rate ➡️ With Ethereum experiencing a decline in average gas fees, the network has observed its lowest daily ETH burn rate of the year. ✅ Source

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📢 Nigerian Court Delays Binance, Tigran Gambaryan Money Laundering Trial to May 17. ➡️ The trial involving Binance and its executive, Tigran Gambaryan, in Nigeria has been postponed to May 17. The delay was prompted by the exchange's legal team's statement regarding the lack of necessary documents for the defense preparation. ✅ Source

📢 The Bitcoin network has achieved a significant milestone, processing its one billionth transaction, a remarkable moment for the network since its inception 15 years ago. ➡️ According to data from Clark Moody’s Bitcoin dashboard, transaction number 1,000,000,000 was confirmed in block 842,241 at 9:34 pm UTC on May 5th. ✅ Source

📢 Ethereum Stablecoin Volume Hits Monthly Record in April ➡️ In a notable shift from previous months, Ethereum's stablecoin volume has surged, setting a new monthly record in April. This marks a significant uptick in activity, with volumes steadily rising over the past three months. ✅ Source

📢BlackRock's BUIDL Fund Surpasses Franklin Templeton, Emerges as Largest RWA Tokenized Offering. ➡️ With recent figures indicating growth to $381.76 million, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has surpassed Franklin Templeton's BENJI, establishing itself as the leading real-world ✅ Source

📢 Coinbase CEO Optimistic About Layer-2 Scaling Solutions in Transforming Crypto Economy. ➡️ During Coinbase's Q1 earnings call, CEO Brian Armstrong shared his optimism about the transformative potential of layer-2 scaling solutions in the crypto economy. ✅ Source

📢BlackRock's BUIDL Fund Surpasses Franklin Templeton, Emerges as Largest RWA Tokenized Offering. ➡️ With recent figures indicating growth to $381.76 million, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) has surpassed Franklin Templeton's BENJI, establishing itself as the leading real-world ✅ Source

📢 The Halving Effect: Bitcoin Hashrate Decreases as Miners Anticipate Potential Difficulty Drop ➡️ Following the fourth Bitcoin halving, the network's hashrate has seen a significant decline, dropping from over $100 per petahash to below $45 in early May. Miners are adjusting their operations in preparation for a possible decrease in mining difficulty. ✅ Source

📢 Cardano Founder Charles Hoskinson Explores Collaboration with Bitcoin Cash. ➡️ Charles Hoskinson, the creator of Cardano, has ignited discussions in the cryptocurrency community by suggesting a substantial partnership with Bitcoin Cash. ✅ Source