DashTape

DashTape Planet Daily News: Arbitrum Co-founder Steven Goldfeder stated that the industry should not fall into the "narrative trap" of simply comparing on-chain transaction prices. He noted that both Arbitrum One and Robinhood Chain actively guard against harmful MEV such as front-running, and that some chains marketing low fees actually impose higher MEV costs, with retail users potentially bearing additional losses through "hidden costs" like front-running and sandwich attacks. Solana Co-founder Toly responded that Arbitrum currently has wider bid-ask spreads and higher fees, and that even the cost equivalent to a 10% revenue share on fees alone already exceeds sandwich trading rates — with worse spreads factored in, he estimates total costs are roughly 10 times higher. Toly further argued that a model driven by a single sequencer pursuing shareholder profit maximization can never defeat permissionless market competition.

DashTape reports Bitcoin News stated on the X platform that the International Monetary Fund said El Salvador's bitcoin accumulation since June 2025 did not use public funds and that the accumulation reflects private donations. El Salvador disclosed in November 2025 the purchase of 1,090 bitcoins, worth approximately $100 million, bringing its total bitcoin holdings to 7,474. The IMF also noted that El Salvador is improving the transparency of bitcoin holdings across its wallets and strengthening governance and risk management for public sector crypto asset holdings.

DashTape讯 据 ZachXBT 监测，多名已认证 WOO X 用户称，过去 3 天提现持续处于 pending 或 processing 状态，部分交易遭取消。ZachXBT 指出，WOO X 于 2025 年第四季度被 FusionX Digital 收购，该公司据称与 BitMart 创始人 Sheldon Xia 有关。截至发文时，WOO X 尚未就提现问题发布声明。

DashTape reports according to GMGN data, Solana ecosystem Meme coin ZCAT has surpassed a $119 million market cap, hitting a new all-time high. It is currently reported at $116 million, with a 24-hour increase of 389.4%. It is reported that ZCAT is a Meme coin built around Zcash's privacy narrative, featuring an anonymous cat wearing a paper bag over its head. Its core mechanism involves continuously distributing trading revenue to ZCAT holders in the form of ZEC, creating a "hold Meme coin, earn ZEC" income narrative. Crypto KOL Ansem has reposted and commented on ZCAT-related content multiple times on X today. DashTape reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

DashTape reports CryptoQuant analyst Darkfost stated on the X platform that Bitcoin's short-term holder profit ratio (STH SOPR) has recently shown noteworthy changes. This indicator, which measures the realized profits of short-term holders who have held Bitcoin for less than 6 months, has now risen above 1, reaching approximately 1.01, marking the first time in over a year that it has entered the profit range. Darkfost noted that during the last bear market, Bitcoin short-term holders experienced an average loss state for about a year. The current level is significantly higher than the brief reaction seen in May this year, indicating that the optimism of short-term holders is improving. A healthy market does not mean profit-taking should not occur, but rather that profits need to be realized consistently and moderately, especially among short-term holders, who are the most active and sensitive group in the market. If the 30-day moving average of STH SOPR can hold in the current range, it would be a very positive signal, as historically, every bull market has been accompanied by sustained profit realization among STH holders.

DashTape reports According to GMGN data, STONK, a token on Solana, briefly surpassed a $150 million market cap, and is now reported at $136 million, with a 24-hour increase of over 430%. It is reported that Stonk allows users to issue meme tokens, which can be paired with tokenized RWAs, including tokenized stocks and Pre-IPO stock tokens. Solana co-founder Anatoly Yakovenko previously retweeted a Stonk-related post and asked, "What is Stonk Token?" DashTape reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

DashTape reports According to official announcements, Gate Contract's HOOD Zone has launched PAIR perpetual contract live trading (USDT settlement), supporting 1-10x leverage. Gate has simultaneously added PAIR trading bots and copy trading features. PAIR is the official token of the PAIR Fund multi-pool launchpad on the Robinhood Chain.

DashTape reports according to the official announcement, Bitget has launched the USDT-margined "Hachimi" perpetual contract, supporting up to 3x leverage, with the futures trading bot being opened simultaneously.

DashTape reports Ethereum co-founder Vitalik Buterin stated that the Poseidon hash function family, after years of research and development, has generated significant practical value in Ethereum and other fields, and will continue to play a role in the years to come. Poseidon is one of the key reasons why modern privacy protocols are able to quickly generate SNARK proofs on the client side. Vitalik noted that general-purpose STARKs have now achieved extremely high performance, with proof overhead for nearly any batch computation reduced to the three-digit range, and it is expected to further drop to double digits or even lower in the future—a level of progress that even exceeded expectations from the early 2020s.

DashTape reports Decentralized lending protocol Pencil Finance has completed the fundraising, disbursement, repayment tracking, and fund return of a $1 million student loan portfolio entirely on-chain, constituting a full financing and repayment cycle. Animoca Brands, Open Campus, and NewCampus provided funding for this portfolio in July 2025. Education financing company ErudiFi disbursed the majority of funds through student loans and tuition financing in Southeast Asia, covering markets such as Indonesia and the Philippines. The portfolio ran for 12 months, supporting more than 6,600 students across 118 schools and universities, with approximately 1,050 students receiving funding directly attributable to Pencil Finance. Investors were split into senior and subordinated tranches — the former receiving fixed returns with priority repayment rights, while the latter earned variable returns and bore the first losses from defaults. Pencil Finance claims this is the first fully on-chain student loan cycle, but did not disclose interest rates, investor yields, default rates, or blockchain transaction records. (Decrypt)