KEYTAKEAWAYS
- BNB Chain sees dramatic 388% surge in gas fees, collecting $15M in past week, surpassing Ethereum amid increased memecoin activity.
- Argentine Presidential Office launches investigation into LIBRA token controversy, establishing special task force to examine potential misconduct.
- US spot Bitcoin ETFs reach significant milestone with over 1.2M BTC holdings, representing 6.08% of total BTC supply.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. BNB Chain Gas Fees Surpass Ethereum
According to Nansen data, BNB Chain has collected nearly $15 million in gas fees over the past week, marking a 388% increase. This surge, potentially catalyzed by the 60-day suspension of Binance’s SEC dispute, exceeded Ethereum’s $7 million and trails only Solana’s $29 million.
2. Argentine Presidential Office Issues Official Statement on LIBRA
The Presidential Office detailed meetings with KIP Protocol representatives from October 2024, announcing the formation of an Investigative Task Force (UTI) and requesting intervention from the Anti-Corruption Office regarding the LIBRA token launch. President Milei has committed to a thorough investigation of all involved parties.
3. Bitcoin ETF Holdings Surpass 1.2 Million BTC
Dune data reveals U.S. spot Bitcoin ETF holdings have reached approximately 1.205 million BTC, representing 6.08% of current BTC supply, with a total value of around $117 billion USD.
4. Linea Mainnet Activity Update
Linea mainnet has achieved significant milestones with 812,521 ETH bridged, recording 1,240,165 total transactions and engaging 574,610 unique addresses.
5. BNB Chain Announces Performance Optimization BNB Chain has implemented a new optimization plan to address transaction latency during high traffic periods, introducing prioritized block value handling and improved block construction performance within 3-second windows.
NOON NEWS
1. Indian Authorities Seize $190M in Bitconnect Case
Indian authorities have recovered nearly $190 million in cryptocurrency related to the Bitconnect Ponzi scheme, which caused $2.4 billion in losses across 95 countries. The case involves complex developments including the arrest of Shailesh Babulal Bhatt and ongoing investigations into scheme founder Satish Kumbhani.
2. Hyperliquid’s HYPE Token Performance
HYPE token has demonstrated strong performance with a 176% increase since launch, outperforming major cryptocurrencies BTC and ETH during the same period.
3. KIP Protocol Responds to Argentine Presidential Statement
KIP Protocol clarified that Mauricio Novelli is not a team member but rather the founder of Argentina Techforum, denying any direct meetings with President Milei in January 2025.
4. Elon Musk Profile Update
Musk has removed “Volunteer Tech Support” from his X platform profile description.
5. Fluid Protocol Achieves Major TVL Milestone
Ethereum lending protocol Fluid has reached $1.546 billion in TVL, securing a 20% market share and becoming the second-largest DEX by trading volume on Ethereum.
EVENING NEWS
1. MyShell Token Surge
SHELL token experienced significant growth, reaching $0.55 with over 40% 24-hour gains, following a major update to the MyShell AI Agent Framework.
2. Stablecoin Market Cap Growth
DefiLlama reports total stablecoin market capitalization has reached $225.28 billion, showing a weekly increase of $1.23 billion or 0.55%.
3. Meteora Team Clarifies LIBRA Involvement
A Meteora team member clarified that while LIBRA used their permissionless platform, the team had no direct involvement in the token’s deployment or launch.
4. XRP Ecosystem Token Rally
XRP ecosystem tokens have shown strong performance, with XRP up 11.9% to $2.79, SOLO up 21.6%, and COREUM up 21.3%. Market sentiment for XRP ETF approval has reached 80% probability.
5. Trump-Musk Fox News Interview
In a Fox News interview, Trump addressed media speculation about “President Musk,” dismissing attempts to create discord between them, with Musk showing visible agreement during the discussion.
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