Rhythm Morning News | A summary of important news from last night and this morning on May 13

Ethereum network gas fee dropped to 2 gwei

On May 12, according to Etherscan data, the Ethereum network gas fee dropped to 2 gwei today, and is now reported at 4 gwei.

Pudgy Penguins: Pudgy Toys are now available at Target

On May 12, the NFT project "Fat Penguin" Pudgy Penguins announced that Pudgy Toys with Pudgy World are now available at Target. The toys in Target include community Penguins, which have been fully licensed using the NFT licensing platform OverpassIP.

BlockBeats previously reported that on February 14, the NFT project "Pudgy Penguins" announced that its physical toy Series 2 will be available at Walmart this month and Target in March.

TON network TVL exceeds US$260 million, an increase of 71.2% since May

On May 12, according to DefiLlama data, TON network TVL exceeded US$260 million and is now US$268 million, an increase of 71.2% since May. Among them, the liquidity pledge protocol Tonstakers, the DEX protocol STON.fi and the liquidity pledge protocol bemo ranked the top three, with weekly TVL increases of 20.35%, 48.86% and 23.48% respectively.

zkSync v24 mainnet upgrade postponed, Sepolia testnet is expected to be fully restored within a few hours

On May 12, zkSync Developers posted on social platforms that the zkSync Era Sepolia testnet is expected to be fully restored in the next few hours. The v24 mainnet upgrade will be postponed until later next week to give the team more time to evaluate the stability of the testnet. The exact release date will be provided when the team is confident that it is stable.

zkSync Developers said that there were two issues affecting the testnet (these issues have now been resolved): First, due to instability issues in the eth_sender service (responsible for submitting transactions to the L1 zkSync smart contract), no L1 submission blocks were submitted for about 1 day. This was caused by a very different gas market for Blob pricing on Sepolia. Second, no proofs were submitted for more than two days, resulting in delayed withdrawals. This is caused by logical differences between the in-circuit VM (the ZK circuit used to generate proofs) and the out-of-circuit VM (the VM on the server side, which is executed immediately when a transaction is submitted).

Data: GBTC's cumulative net outflow exceeded US$17.6 billion, and its asset management scale dropped to US$17.647 billion

On May 12, according to Farside Investors data, since the launch of the Bitcoin spot ETF, GBTC's cumulative net outflow has reached US$17.6329 billion. According to Coinglass data, GBTC's asset management scale has dropped to US$17.647 billion.

Ethena reserve fund increased to 38.7 million US dollars

On May 12, according to the data on Ethena's official website, as of May 12, the stablecoin protocol Ethena's reserve fund reached 38.7 million US dollars. In the past month, the reserve fund has increased by 6 million US dollars.

io.net: Season 1 final points have been updated

On May 13, Solana Ecosystem DePIN Protocol io.net stated on its social platform that the final points for Season 1 have been updated and users can check them on the IO Worker page. At the same time, the project party stated that no other changes will be made to the points for Season 1.

Real Vision Report: More than 40% of Daily Active Users on the Chain in 2030 Will Be AI Agents

On May 13, Real Vision analyst Jamie Coutts published an analysis of the AI and blockchain growth model extracted from the November 2023 Real Vision Pro-Crypto report on the X platform. The report predicts that by 2030, the total market value of smart contract platforms will reach between $15 trillion and $25 trillion due to the widespread use of AI agents.

Coutts noted that although the impact of AI agents was relatively mild initially, by 2030, AI agents could account for more than 40% of the total daily active users, significantly driving up the valuation of blockchain assets.

In addition, he emphasized that although predictions based on historical regressions may not always be accurate, in terms of direction, as the network expands, the value of the network will grow exponentially. Even if the prediction result is only 25% correct, the current market valuation will achieve a 4-5 times increase.

Ripple CEO: The next target of US regulation will be the stablecoin company Tether

On May 13, according to CryptoDaily, Ripple CEO Brad Garlinghouse said in a recent interview that the next target of the US government is USDT issuer, the stablecoin company Tether. Brad Garlinghouse said that Tether is an important part of the cryptocurrency market system and he is not sure how it will affect everything else.

Some experts believe that the statement of Ripple's CEO is a very big insider report. If it really happens, there will be a very large selling pressure in the USDT stablecoin market. In this case, the value of USDT will fall sharply.

In January this year, a report released by the United Nations Office on Drugs and Crime on Monday pointed out that USDT has become one of the main payment methods for money launderers and fraudsters operating in Southeast Asia warned by the United Nations.

10x Research: Stablecoin inflows have almost zero growth since halving

On May 13, 10x Research stated on its social platform that it continued to adhere to the judgment that Bitcoin will be bearish after halving. In addition, since the halving, the inflow of stablecoins has almost zero growth, and the leverage ratio of Bitcoin futures has also dropped significantly, which are all the basis for supporting its judgment.

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