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- 02:20Linea: The burn mechanism is now officially live, with gas fees to be burned in a 1:4 ratio of ETH to LINEA.Jinse Finance reported that Linea announced on the X platform that its token burn mechanism is now officially live. From now on, every transaction on the Linea chain will burn both ETH and LINEA, directly reducing the token supply to implement deflation. All gas fees on Linea are paid in ETH and collected through a fee contract. After deducting infrastructure costs, the remaining funds will be 100% burned, including 20% burned in the form of ETH and 80% converted to LINEA and burned on L1. In addition, the token burn data tracking feature has also been launched.
- 02:17Linea launches dual-token burn mechanism: trading gas will simultaneously burn ETH and LINEA at a 1:4 ratioChainCatcher News, Linea announced on the X platform that its token burn mechanism has been officially activated. From now on, the gas fees for every transaction on the Linea chain will proportionally burn both ETH and LINEA tokens, thereby reducing circulating supply and introducing a deflationary model. According to the official statement, all gas fees will still be paid in ETH and deposited into a dedicated fee contract. After deducting infrastructure expenses, the remaining portion will be entirely used for burning: 20% will be burned directly in the form of ETH, while 80% will be converted to LINEA and burned on the Ethereum mainnet. In addition, a real-time on-chain burn data tracking feature has been launched to enhance transparency and verifiability.
- 02:17NIP Group acquires mining facilities to expand bitcoin mining operations, increasing hashrate to 11.3 EH/sChainCatcher News, the esports organization Ninjas in Pyjamas' parent company NIP Group announced the expansion of its bitcoin mining business, and will increase its overall computing power to 11.3 EH/s through a new asset acquisition agreement. The company expects its monthly bitcoin production to increase from 60 BTC to 160 BTC, a rise of over 120%. In this expansion, NIP Group will acquire approximately 8.19 EH/s of mining infrastructure from Apex Cyber Capital, Prosperity Oak Holdings, and Novo Jumpster, further strengthening its position in the crypto computing power sector.