On-Chain Data

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Shiba Inu Burn Rate Jumps 812% as Activity Recovers

Key Insights: The Shiba Inu burn rate surged 812% in 24 hours, with over 12 million tokens permanently removed from circulation as network activity rebounded. Increased burn activity coincides with rising on-chain engagement, signaling renewed participation despite short-term price
SHIB2.26%
CryptoNewsLand·05-07 16:36
Shiba Inu Burn Rate Jumps 812% as Activity Recovers

Arbitrum Unfreezes $71M in ETH After Kelp Exploit Recovery Proposal Gains 90.5% Voter Support

According to a proposal co-authored by Aave Labs, Kelp DAO, LayerZero, EtherFi and Compound, Arbitrum's governance voted on May 7 to unfreeze 30,765 ETH (approximately $71 million) frozen after the Kelp DAO exploit. More than 90.5% of voting power, representing 173.9 million Arbitrum tokens, support
ARB-1.36%
ETH3.08%
AAVE12.53%
GateNews·05-07 14:08
Arbitrum Unfreezes $71M in ETH After Kelp Exploit Recovery Proposal Gains 90.5% Voter Support

CryptoQuant: April’s BTC rise was driven by perpetual futures, warning of correction risk

The study said that in April, the Bitcoin price was driven by perpetual contract long positions, while spot demand remained weak. The increase rose from $66k to $79k, about 20%. The structure resembled the early stage of the 2022 bear market. The study’s head warned that unless spot demand turns positive, it would be difficult to sustainably break above $79k, and the risk of corrections is increasing. The bull market score index fell from 50 to 40, with spot-expressed demand still negative, suggesting that the rally may be driven by leverage rather than new buying pressure.
BTC1.67%
ChainNewsAbmedia·05-07 10:35
CryptoQuant: April’s BTC rise was driven by perpetual futures, warning of correction risk

Bitcoin Eyes $85K Ceiling as $1.69B ETF Inflow Streak Extends

Bitcoin is trading near $81,000 and has cleared two structurally significant onchain cost basis levels, but the market is approaching what Glassnode calls the next major ceiling at $85,200, according to the cryptocurrency analysis firm's weekly onchain report. The $85,200 threshold represents the Ac
BTC1.67%
CryptoFrontier·05-07 08:05
Bitcoin Eyes $85K Ceiling as $1.69B ETF Inflow Streak Extends

Telegram takes over TON, cutting fees by 6x and driving the token up 24%

On May 7, Toncoin (TON) surged more than 24% within 24 hours, hitting $2.20 and reaching a new high since last November. On Monday, Telegram founder Pavel Durov announced on X that Telegram has become the largest verification node on the TON network, while also stating that transaction fees were reduced by 6 times to 0.00039 TON.
MarketWhisper·05-07 06:40
Telegram takes over TON, cutting fees by 6x and driving the token up 24%

US Spot Bitcoin ETFs Draw $532 Million in Daily Inflows as Institutional Buying Accelerates

According to Farside Investors, U.S. spot Bitcoin exchange-traded funds recorded $532.2 million in net inflows on Monday as Bitcoin held above the $80,000 level. BlackRock's iShares Bitcoin Trust (IBIT) led with $335 million, followed by Fidelity's FBTC at $184 million and Morgan Stanley's MSBT at $
BTC1.67%
GateNews·05-07 04:40
US Spot Bitcoin ETFs Draw $532 Million in Daily Inflows as Institutional Buying Accelerates

Gate Daily Report (May 7): The White House will announce Bitcoin reserves “in the next few weeks”; Samourai co-founder calls for crypto donations

Bitcoin (BTC) gave back the overnight gains, trading at around $81,000 as of May 7. White House adviser Patrick Witt said the latest update on the U.S. Bitcoin reserve will be released “within the next few weeks.” Samourai Wallet co-founder called for donations of Bitcoin from the federal prison, and President Trump’s hopes for a pardon are slim.
BTC1.67%
ETH3.08%
DOGE2.50%
MarketWhisper·05-07 01:35
Gate Daily Report (May 7): The White House will announce Bitcoin reserves “in the next few weeks”; Samourai co-founder calls for crypto donations