The Ghost in the Machine: What Shanghai's $2.8 Billion Crypto Bust Reveals About the Underground Economy's Digital Evolution
The number hit me first: 20 billion yuan. Roughly $2.8 billion, flowing through
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Raises validator limit and account abstraction
Team and early investor shares released
92 million ARB released
Improves data availability sampling efficiency
Block reward reduced to 3.125 BTC
Block reward halving event
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$62,822 |
| 1 |
Ethereum
ETH
|
$1,781.79 |
| 1 |
Solana
SOL
|
$81.04 |
| 1 |
BNB Chain
BNB
|
$590.5 |
| 1 |
XRP Ledger
XRP
|
$1.14 |
| 1 |
Dogecoin
DOGE
|
$0.0774 |
| 1 |
Cardano
ADA
|
$0.1892 |
| 1 |
Avalanche
AVAX
|
$6.92 |
| 1 |
Polkadot
DOT
|
$0.8826 |
| 1 |
Chainlink
LINK
|
$8.03 |
The number hit me first: 20 billion yuan. Roughly $2.8 billion, flowing through
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