Announcements Gate Research: Bitcoin Mining Difficulty Hits All-Time High, ENS Partners with PayPal

Gate Research: Bitcoin Mining Difficulty Hits All-Time High, ENS Partners with PayPal

2024-09-11 13:38:59 UTC 11028 Read

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Gate Research Daily Report: September 11 —In the past 24 hours, Bitcoin rose by 0.94%, while Ethereum gained 1.34%. Among altcoins, notable increases were seen in sectors such as gaming blockchains, storage, and AI agents. U.S. Bitcoin and Ethereum spot ETFs saw net inflows of $116.9 million and $11.44 million, respectively. Bitcoin mining difficulty has shown an upward trend over the past six months, reaching a new peak in September. ENS Labs announced that PayPal and Venmo will support the Ethereum Name Service (ENS). Additionally, three projects publicly announced funding rounds in the past 24 hours, raising over $17.1 million, primarily in the gaming and DeFi sectors.

**Market Analysis**: U.S. Bitcoin and Ethereum spot ETFs saw net inflows of $116.9 million and $11.44 million, respectively, marking the first net inflow after six consecutive days of outflows.
**Top Performers**: The most active tokens in the past 24 hours were Super, AERGO, and WOO.
**Data Highlights**: Bitcoin mining difficulty increased by 3.58% to a new all-time high of 92.67 T.
**Spotlight Analysis**: The dYdX community has proposed a new plan to distribute $5 million in DYDX tokens to traders.
**Market Opportunities**: Three projects announced funding rounds, raising over $17.1 million, with a focus on gaming and DeFi sectors.

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Gate.io Team
September 11th, 2024

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