Gate News bot message, Tether is experiencing growth as the stablecoin sector expands, while Ethereum and the broader crypto market face bearish conditions. The gap between Tether and Ethereum’s market caps is rapidly narrowing.
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Gate News message, April 23 — According to HyperInsight monitoring, on-chain trader "Maji" initially added positions in BTC, ETH, and HYPE this morning, then quickly reduced ETH and HYPE long positions ahead of a sharp market downturn. As of press time, total long positions remain substantial at $80
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Ethereum Spot ETFs Post $96.43M Net Inflows, BlackRock ETHA and Fidelity FETH Lead
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Ronin announces a migration to Ethereum L2 on May 12, with the mainnet going offline for about 10 hours
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Gold and Silver Slip Slightly, Oil Rises; Bitcoin and Ethereum Volatility Indices Decline
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Kelp DAO Attacker Converts Majority of 75,700 ETH to BTC via THORChain
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Abstract: The report notes that the Kelp DAO attacker moved the majority of 75,700 ETH (roughly $175M) into Bitcoin using THORChain’s cross-chain swap. The swap generated about $800 million in trading volume and roughly $910,000 in THORChain fees, illustrating the liquidity and revenue implications of cross-chain activity during an exploit.
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Ronin Blockchain to Migrate to Ethereum Layer 2 on May 12, with 10-Hour Mainnet Downtime
Gate News message, April 23 — Ronin, a gaming blockchain, will migrate from an Ethereum sidechain to Ethereum Layer 2 on May 12. The migration will be triggered at block height 55,577,490 and will transition Ronin to OP Stack. The mainnet will experience approximately 10 hours of downtime, from 11 a
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