In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are göğüs coins an investable asset class? With the latest Runes veri and $70M of project fundraisings.
Bitcoin’s mean transaction fee has reversed the post-halving Runes-led spike, squeezing miners’ revenue.
User activity has plunged after a hyped run-up to the introduction of the Runes protocol, which was expected by some to mirror Solana’s göğüs coin ecosystem.
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others.
Lower cost miners have increased market share since the bitcoin halving, the report said.
One trader said recent declines are likely related to miners’ asset sell-offs and fears of tighter regulation of cryptocurrencies.
Wednesday’s U.S. CPI veri is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March’s 3.5%.
The announcement comes as the yen, one of the top five küresel reserve currencies, bears the brunt of Japan’s fiscal imprudence.
This period could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.
