ChainCatcher

In the fourth quarter of 2024, the average cash cost of Bitcoin mining for listed miners rose to $82,162, an increase of 47% quarter-on-quarter. The network computing power reached a record high of 900 EH/s and is expected to exceed 1 ZH/s in July 2025. In the face of increased competition, mining companies are transforming into data centers and high-performance computing hosting businesses, such as Core Scientific allocating 43% of its capacity to artificial intelligence and Cipher Mining planning to use 35% of its capacity for artificial intelligence.

According to Greeks.live data, a large amount of Bitcoin and Ethereum options are about to expire, with a total value of up to $8 billion. As the crypto market rebounds, the volatility risk premium turns positive, and market sentiment improves. Trump's softened stance boosts confidence, but long-term uncertainty remains. Although the proportion of put options is high, the call options for contracts expiring in June have significantly increased, indicating that investors are optimistic about future trends.

According to ChainCatcher news and on-chain analyst Lookonchain's monitoring, an investor went long on INIT with 2x leverage at an average price of $0.638 15 hours ago, with unrealized gains exceeding $630,000.

ChainCatcher news, a man sought to exchange 1 million HKD in cash for USDT at an offline OTC shop in Hong Kong, but ultimately the shop took the cash without remitting it to the individual. The matter has been reported to law enforcement. Hong Kong Legislative Council member Wu Jizhuang stated that "this is rampant" and mentioned that there are currently over 200 such virtual money exchange shops in Hong Kong, all of which are unlicensed and not protected or regulated by any Hong Kong laws. Anyone can open a shop with just a business registration, and he urged the Hong Kong government to quickly initiate relevant consultations and legislative procedures.

According to ChainCatcher news and data from Token Terminal, approximately 90% of the assets of the stablecoin USDtb issued by Ethena Labs are supported by its LP shares in the BlackRock BUIDL fund, indirectly making it the largest liquidity provider of the fund, with a holdings scale reaching 1.3 billion USD.

According to ChainCatcher news and a report by Cointelegraph, Ethereum core developers are considering increasing the Gas limit to 150 million in the Fusaka Hard Fork, which is four times the current limit. This proposal has been put forward through EIP-9678, and developers believe it will significantly expand the execution capacity of Ethereum Layer 1.

According to ChainCatcher news and data from dexscreener, the decentralized MCP network token DMCP has risen by 8500% in the last 24 hours, currently priced at 0.008 USD.
The official introduction states that DeMCP, as a decentralized MC network, builds infrastructure for multiple computing participants (MCPs) and constructs a trading market. DeMCP is committed to creating a large-scale and secure MCP service resource library for Web3 developers.

ChainCatcher message, Cryptoquant analysts indicate that as MicroStrategy continues to purchase Bitcoin, MicroStrategy's Bitcoin portfolio has surpassed 50 billion dollars for the first time, and the Bitcoin investment strategy is becoming an important indicator for market observation and analysis.

According to ChainCatcher news and monitoring by Yu Jin, a Whale investor short-sold 8,000 ETH at a price of $1,752.5 each the day before yesterday, with a total value of approximately $14.02 million.
Recently, the investor bought back these ETH at a price of $1,778.5 each to close the position in the past 20 minutes, ultimately incurring a loss of $208,000.

In the crypto market, Bitcoin rose to $94,000, while Ethereum fell back. Most of the Layer2 zone saw a rise, with Mantle, ex-MATIC, and Stacks pumping. In the AI zone, Bittensor, Fetch.ai, and ai16z rose. In other zones, RWA rose, NFT saw a big pump with Pudgy Penguins, and Meme saw a rise with Bonk. DeFi and Layer1 rose, while CeFi fell. The crypto sector index shows that ssiNFT, ssiLayer2, and ssiRWA rose, with weekly returns of 25.58%, 22.25%, and 10.65%, respectively.

Recently, the Trump wife Meme project Melania sold 12.685 million MELANIA through unilateral liquidity, worth 5.41 million USD. Since March 16, the Melania project party has transferred a total of 31.685 million MELANIA and exchanged it for 138,800 SOL, with a total value of 18.41 million USD, at an average price of 0.581 USD.