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Ethereum and Bitcoin transaction fees tank amid high network activity and market turbulence
Ethereum and Bitcoin transaction fees tank amid high network activity and market turbulence

Share link:In this post: Ethereum and Bitcoin transaction fees drop to multi-year lows, making transactions more affordable. Layer 2 (L2) solutions on Ethereum are experiencing record-high activity. Bitcoin transaction fees have also decreased, reaching $1.94 per transaction on June 24Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consu

Cryptopolitan·2024/06/24 15:52
Ethereum ETF launch preceded by high network activity, low gas fees, and price weakness
Ethereum ETF launch preceded by high network activity, low gas fees, and price weakness

Share link:In this post: Ethereum ETFs are reportedly set to launch in July. The SEC’s decision is expected to come after the S-1 amendments have been completed. Ethereum’s price does not reflect the increased market activity and falling gas fees leading up to the ETF listings.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation

Cryptopolitan·2024/06/24 15:52
Bitcoin’s June 2024 – How low can BTC go?
Bitcoin’s June 2024 – How low can BTC go?

Share link:In this post:Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Cryptopolitan·2024/06/24 15:52
Flash
01:35
Treasury bond futures open for morning trading
2-year government bond futures (TS) main contract remained unchanged, 5-year government bond futures (TF) main contract rose by 0.02%, 10-year government bond futures (T) main contract rose by 0.04%, and 30-year government bond futures (TL) main contract rose by 0.12%.
01:35
Continental Group sells ContiTech for 4 billion euros, announcing its exit from the industrial sector
Glonghui, July 6 — German auto parts and tire manufacturer Continental Group announced that it has agreed to sell its ContiTech division to private equity firm Lone Star Funds for €4 billion, with an additional performance-based payment of up to €25 million. This sale marks Continental Group’s official exit from the industrial business sector. The company stated it expects to receive about €3.1 billion in cash proceeds upon completion of the transaction, with the final amount to be determined by standard purchase price adjustments and the timing of the deal. The transaction is still subject to approval by antitrust regulators and is expected to be completed as early as the end of 2026.
01:33
India seeks to expand domestic crude oil exploration to reduce reliance on imports
India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, recently stated that India is expanding the scale of domestic crude oil exploration in order to increase its domestic energy supply and reduce dependence on imported energy. AFP reported on the 5th that in recent months, restricted passage through the Strait of Hormuz has led to shortages in India’s energy supply. Puri told AFP that this has prompted India to further intensify efforts to expand domestic energy supply, “We are currently promoting the tendering of approximately 250,000 square kilometers of unexplored areas.” Data from India’s petroleum sector shows that India’s domestic crude oil production for fiscal year 2025 (from April 1 of that year to March 31 of the following year) is 25.98 million tons, equivalent to about 522,000 barrels per day, which is lower than the peak production of more than 900,000 barrels per day in 2011, and can only meet about 10% of the country’s crude oil demand. To address supply shortages, India has increased the number of crude oil suppliers from 27 to 41, adding countries such as Iran and Venezuela, and has also intensified procurement from Russia and several African nations.
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