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JPMorgan has revised its bitcoin production cost estimate to $45,000 for now, noting ongoing hashrate shifts post-halving.Its previous estimate was $42,000, which still remains for the medium term, JPMorgan’s Nikolaos Panigirtzoglou told The Block.
The exploiter seems to be using flash loans to get enough SOL to buy out Pump.fun memecoin bonding curves.
Bloomberg ETF analyst Eric Balchunas said BlackRock having more than 400 holders report they own its spot bitcoin ETF is a “mind boggling” result.With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of total shares owned, followed by Schonfeld Strategic Advisors and Aristeia Capital.
Bitcoin derivatives traders are still ready to pay a premium for short-term downside protection, analysts say.However, a longer-term outlook shows a more optimistic options distribution, skewed towards calls, the analysts added.
SOL’s price surge is linked to recent crypto developments, notably involving Robinhood, Infinex, and MarginFi platforms.
- 06:39Report: Over 62% of cryptocurrency users are "experienced traders" with more than 3 years of experienceThe encrypted data analysis platform CryptoQuant has released a global cryptocurrency user survey report. The main findings are as follows: User Profile: 60% of cryptocurrency users are aged between 25-44; over 62% of users have more than three years of industry experience; most users invest less than $10,000 per year; Trading Behavior: 76% of users prioritize spot trading; only 28% of users use financial products; Investment Focus: Bitcoin, Ethereum and Layer 2 projects remain the focus for investors; the integration of artificial intelligence with blockchain is becoming a new area for innovation and investment.
- 06:35Google Workspace increases by 2 dollars, AI features provided for freeGoogle has announced a $2 per month increase in the Workspace plan for each user, while also offering its AI features free of charge to all Workspace Business and Enterprise users. This includes generative AI tools in Gmail, Docs, Sheets etc. These features previously required an additional payment of $20 for the Gemini add-on package. The new prices take effect immediately for new users, and will be adjusted for existing users from March 17th, 2025. In addition, small business users are not currently affected by these price changes.
- 06:17The award-winning projects of Mantle APAC Hackathon are announced, showcasing the innovative power of Web3The ChainCatcher announcement, the Mantle APAC Hackathon jointly initiated by Mantle, OpenBuild and HackQuest has successfully concluded with the official unveiling of the winning projects in each track. This hackathon attracted over 360 developers who submitted more than 170 innovative projects. In the end, nine projects stood out and won generous cash prizes and resource support. High-quality projects that did not win will also receive continuous attention and support from Mantle's official team. All participants received recognition and guidance from top judges including Mantle DevRel, Gumi Cryptos, Hemera, NovaSeed & Novabits, GMA, Fenbushi Capital,YGG , CoinSpire , SNZ Capital etc. The final judging results of this hackathon are as follows: DeFi Track:1st Place: ellipse2nd Place: FLIP NFT3rd Place: Payroll Protocol Infra & AI Track:1st Place: Mantle Contract Builder2nd Place: Web3Insights3rd Place: StealthPass Gaming Track:1st Place: Vortis2nd Place: Truman AI Live3rd Place: Dunk Verse In addition to a total prize pool of $30k USD for these award-winning projects they will also receive up to 20k MNT project funding. They have an opportunity to get support from the $200 million USD ecological fund provided by Mantle Eco Fund as well as AWS Activate Credits,and directly enter into interviews for HackQuest X Mantle global accelerator program.