Key facts: Binance reports $1.58B stablecoin inflows; Ethereum reaches 24,192 TPS; BitMine names Chi Tsang as CEO
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- Binance saw $1.58 billion in stablecoin inflows, while Ethereum faced notable outflows, a trend often tied to price recoveries, indicating a possible accumulation phase amid market uncertainty.1
- Ethereum hit a record 24,192 transactions per second (TPS), achieving its highest seven-day average, showcasing improved scalability and network efficiency.2
- BitMine has named Chi Tsang as CEO, solidifying its status as the largest public holder of Ether, with over 3.5 million ETH valued at over $11 billion.3