ETH breaks through the $2200 mark

The Hyper Foundation announced on the X platform that the main network validator set will be completely permissionless after the next network upgrade. Like the testnet, the top N validators in terms of staking volume will form an active set. Initially, N will be set to 20 and gradually increase over time. In addition, the commissioning plan has been officially launched. The commissioning program aims to enhance network security and decentralization, and support validators committed to the development of the Hyperliquid ecosystem. Technical details of the verifier: It is recommended that the verifier carefully understand the relevant technology and familiarize themselves with the testing network before continuing to participate in the main network. Please note that the agreement will lock 10000 HYPE's self entrusted pledge for one year. Even if the verifier is not part of the active set, the lock still applies, so careful consideration should be given before pledging. It is strongly recommended to review and apply for a commission plan before running the main network validator

According to on chain analyst Yu Jin's monitoring, the giant whale/institution that received the most ETH losses in Genesis Trading's settlement payout in August last year has sold 40000 ETH ($89.2 million) through broker OTC in the past two days. He has transferred 30000 ETH to Galaxy Digital and 10000 ETH to FalconX in the past 2 days. Then received 20 million USDC from Galaxy Digital and 19.49 million USDC from Falcon X. The ETH at this address comes from the liquidation compensation of Genesis Trading, a bankrupt institution, in August last year. Received compensation of 114500 ETH ($358 million), which was the address that received the most ETH losses at the time. When he received compensation last year, the ETH price was $3128. And now the price of ETH has dropped by 30% compared to that time. The value of 114500 ETH compensated decreased by $110 million.

According to official sources, blockchain infrastructure providers such as Chainlink and Hyperlane, as well as protocol provider Velodrome, have officially launched a new interoperable USDT token OpenUSDT to the OP Superchain ecosystem. OpenUSDT is collateralized one-to-one by native USDT locked on the Celo chain, using Chainlink CCIP and Hyperlane for cross chain transmission, providing liquidity for stablecoin USDT on the Superchain. Starting today, OpenUSDT is officially launched on the Base, Fraxtal, Lisk, Metal, Mode, Optimism, Soneium, and Unichain blockchains, with its native USDT locked onto Celo. The Superchain network can now access Tether's USDT without permission, and various cross chain DeFi protocols can also directly access these USDT.

On March 5th, according to Cointelegraph, asset management company VanEck stated that Solana's planned protocol upgrade is crucial for the long-term healthy development of the network, but may have a negative impact on validators' income. In March, Solana validators will vote on two blockchain protocol upgrade proposals (SIMD) aimed at ensuring that stakers receive rewards and adjusting SOL's inflation rate. Matthew Sigel, head of digital asset research at VanEck, stated in a post yesterday that these two proposals have sparked "significant controversy" as they could potentially cut validators' income by up to 95%, endangering small operators. Although these changes may reduce staking rewards, we believe that reducing inflation is a worthwhile goal to enhance Solana's long-term sustainability The first proposal SIMD 0123 will introduce an intra protocol mechanism to allocate Solana's priority fees to validators and pledgers. Traders can pay additional fees to speed up transaction processing, with priority fees accounting for 40% of network revenue, but currently validators do not need to share with stakers. The proposal will be voted on March 6th and will increase staking rewards, block off chain trading protocols, and strengthen on chain execution. The second proposal SIMD 0228 is the "most influential" proposal, which will adjust the SOL inflation rate to be inversely proportional to the percentage of pledged token supply, potentially reducing dilution and lowering selling pressure on stakers. According to Coin Metrics, as of February, Solana's inflation rate was 4%, lower than the initial 8%, but still far above the terminal target of 1.5%, and is currently declining at a rate of 15% per year.

ENA will unlock 12.86 million tokens today, worth approximately 4.83 million US dollars, accounting for 0.086% of the total supply. The current circulation is 2.17 billion pieces, with a total of 15 billion pieces.