ETH falls below the $2700 mark

OKX-BTC/USDT is currently trading at $98170.00, with a 24-hour increase of 3.18%. Please be aware of market fluctuations.

Odaily Planet Daily reported that according to data from the Hong Kong Stock Exchange, the trading volume of three Ethereum spot ETFs in Hong Kong reached a historical high of HKD 46.8 million yesterday (February 3). Among them, OSL collaborated with Huaxia Fund (Hong Kong) and Jiashi International to launch Huaxia Fund's Ethereum ETF (3046. HK) and Jiashi International's Ethereum ETF (3179. HK), with a total trading volume of HKD 42.8 million, accounting for over 90%.

Canadian listed company Sol Strategies has announced that from January 19, 2025 to January 31, 2025, the company completed the purchase of an additional 40300 SOLs for approximately CAD 14337332 (USD 9935329), with an average price of CAD 355.77 (USD 246.53) per SOL, including fees and expenses. The company has also completed a second private placement of convertible bonds worth $2.5 million, with total proceeds satisfied by paying 6564.47 SOLs at an average price of CAD 380.84 (USD 265.65) per SOL. As of January 31, 2025, Sol Strategies and its subsidiaries hold approximately 189968 SOLs with a total purchase price of approximately CAD 48.7 million, with an average purchase price of approximately CAD 256.21 per SOL. Fees and expenses are included, and based on the closing price of SOLs as of January 31, 2025, their value is CAD 63.7 million.

The current price of Binance BTC is $98506.80, with a 3.42% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 19.46 million US dollars, with multiple main liquidation orders and 7.15 million US dollars (36.73%) of BTC liquidation. The data is for reference only.

According to The Block, Ethereum has reached a consensus to increase the network's gas limit, with 50% of validators supporting this change to help improve the network's scalability. Gas limitation is a key parameter that determines the ability of network transactions. Previously, the gas limit was 30 million, but now it has exceeded 31 million. The adjustment of gas restrictions requires approval from more than half of the verifiers to take effect, and this adjustment was completed yesterday. Once more than 50% of validators express support, the block gas limit will be automatically adjusted without the need for a hard fork. This is the first time Ethereum has implemented such changes under the Proof of Stake (PoS) consensus mechanism. The last adjustment occurred in 2021, when the gas limit doubled from 15 million units to 30 million units. According to gaslimit.Pics, the average gas limit over the past 24 hours was 31.5 million units, and it is expected to be adjusted to a maximum of 36 million units. Although Dencun upgrades and proto dank sharding technology have recently improved scalability, increasing gas limitations is still necessary as the demand and complexity of decentralized applications on Ethereum increase.