BlockBeatNews

BlockBeats news, on October 6th, according to IntoTheBlock data, after the Dencun upgrade, with the surge in L2 transactions, the Mainnet fees of Ethereum have hit a historic low. EIP-4844 has reduced L2 costs by 10 times, driving record transaction numbers. However, due to the decrease in the amount of ETH destroyed, ETH has transitioned from Deflation to Inflation.

According to Lookonchain monitoring, on October 3-4, a Whale spent 1,360 ETH (3.24 million USD) at an average price of $3.56 to buy 909,000 GEN. The Whale sold 772,000 GEN at an average price of $3.1 three hours ago, obtaining 988.5 ETH (2.39 million USD). Currently, the Whale holds 139,800 GEN (449,000 USD), which has lost 407,000 USD. The Whale also holds 33.7 trillion PEPE, worth about 31.44 million USD.

BlockBeats news, on October 6th, according to the prediction market Polymarket data, the probability of Trump winning the 2024 US presidential election has risen to 51%, surpassing Harris (48%). BlockBeats previously reported that at 9:00 on October 6th, local time, Trump returned to Butler, Pennsylvania on Saturday (the 5th) and held a "highly anticipated" campaign rally. Musk was invited to attend the above-mentioned campaign rally and appeared on stage with Trump. In July of this year, Trump was the target of an "attempted assassination" in that area.

BlockBeats news, on October 6th, according to market data, Cheems, the original zkSync ecosystem Meme project (now migrated to BNB Chain), has seen a 24-hour increase of 24.73%, currently trading at $0.061088, with a market capitalization of $23.65 million. BlockBeats reminds users that MEME Token has large fluctuations in its market and most of them have no actual use cases. Please be cautious about asset protection and do not fear of missing out.

According to Coinglass market data on October 6th, BlockBeats reported that a total of $59,856,400 was Get Liquidated across the network in the past 24 hours, of which $33,445,700 was from long orders and $26,097,900 was from short orders.

BlockBeats news, on October 6th, the toy manufacturer LEGO Group has removed the 'LEGO Coin' Tokeneyewash that briefly appeared on its homepage after being attacked by a Hacker on October 5th. The 'LEGO Coin' Token appeared on the homepage of the toy manufacturer for about 75 minutes and was then removed. According to reports, LEGO told the consumer tech platform Engadget that the Cryptocurrencyeyewash only appeared 'briefly' on its homepage and no user account was compromised: 'The issue has been resolved. No user account has been compromised, and customers can shop as usual.' 'The reason has been identified, and we are taking measures to prevent such events from happening again.'

BlockBeats News, on October 6th, Musk posted on social media 'Make America Based Again'.

BlockBeats news, on October 6th, Musk changed his Twitter account avatar to a personal photo with elements of the US election, with the American flag as the background, Musk's personal photo as the main body, and a black hat with the characters "MAKE AMERICA GREAT AGAIN".

On October 6th, BlockBeats reported that the official Twitter account of data analysis firm Spot On Chain was hacked and a false EIGEN Airdrop phishing link was posted. At the same time, the tweet's comment section was closed. As of the time of writing, the tweet had received 628,000 views. BlockBeats reminds users not to interact with this phishing link to protect their assets.

BlockBeats News, on October 5th, according to Farside Investors data, the BTCSpot ETF in the United States had a cumulative net outflow of USD 274.3 million this week, with BlackRock's IBIT having a net inflow of USD 135.3 million, Fidelity's FBTC having a net outflow of USD 138.9 million, and Grayscale's GBTC having a net outflow of USD 19.8 million.

BlockBeats news, on October 5, the campaign team of former United States President and Republican presidential candidate Trump said that Trump will return to Butler, Pennsylvania on October 5 local time to hold another campaign rally. Since Trump suffered his first "attempted assassination" at Butler's campaign rally on July 13, he has said several times that he would return to Butler for another rally. On July 13, 20-year-old gunman Thomas Matthew Crooks shot Trump in the ear from a pitched roof just 130 yards from Trump, causing chaos before being killed by Secret Service snipers.

BlockBeats News, on October 5, CryptoQuant founder Ki Young Ju posted on social media, "Since the invention of the Internet, the impact of social media on financial markets has become more and more religious. Elon · Musk's TSL, Satoshi Nakamoto's BTC, and various encryption communities are typical examples. The role of religious "prophets" plays a crucial role in driving asset price pumps. Prophets endlessly expand their thinking about the future and are often thought to have reached a state of enlightenment that is perceived to produce blind faith. This belief has led to the formation of religious communities that share the same beliefs. The stronger the beliefs of followers within a community, the more this asset is considered legitimate, even if it does not bring profit or create social value. It's an amazing phenomenon. Investors must now be mindful of the impact of social media on investment decisions. When evaluating a public company or token project, it is essential to consider whether there is an influential "prophet" on social media and how strong the faith of its followers is. Companies are scrambling to enter social media in an attempt to form religious communities full of blind faith. However, not everyone can become a prophet. Most fail to attract followers. Especially in the field of encryption, if internal efforts to expand their influence fail, they may externally hire opinion leaders (KOLs) to create false beliefs. Only a handful of projects have been successful at this point. The influence of social media on financial markets will continue to grow. Since communities are made up of people, this religious overtone also deepens. I believe that understanding how religion works will help to understand the future of financial markets."

BlockBeats News, on October 5th, according to Zerion's monitoring, 4 minutes ago, Ethereum co-founder Vitalik Buterin exchanged 13.25 billion ITO for 9.435 ETH (about $22,800) through KyberSwap.