Bitcoin surges today, cryptocurrency whales have already entered the market

This morning (21st), both Bitcoin and Ethereum surged, driving the cryptocurrency market to rise, while the Fear and Greed Index also rose sharply to 76, returning to the extreme greed level.

Many foreign media and analysts believe that the news that the U.S. Securities and Exchange Commission (SEC) suddenly required issuers to update the 19b-4 application documents for Ethereum spot ETFs has boosted market sentiment.

Source: Alternavitve
Cryptocurrency market fear and greed index reaches extreme greed level

However, long before the cryptocurrency market soared, smart whales had already entered the market to accumulate coins. After monitoring by on-chain analyst Lookonchain, it was discovered that between May 18 and May 20, multiple whales purchased the following three cryptocurrencies.

Ethereum surges past 3700 mg!

This morning, the price of Ethereum ($ETH ) soared from $3,143 to $3,710 in just a few hours, a single-day increase of more than 20%. According to foreign media "Coindesk" citing people familiar with the matter, the current U.S. Securities and Exchange Commission (SEC) ) has shown a major change in attitude and is asking the exchange to "accelerate" the update of its 19b-4 documents.​

Image source: TradingView

As the second largest cryptocurrency by market capitalization, Ethereum’s breakthrough is not only promising for the Ethereum spot ETF, but also comes at a critical moment from the perspective of technical analysis.​

After months of bearishness, will the SEC stage an 11th hour reversal?

Bloomberg’s ETF analysts suddenly and unexpectedly increased the chances of a spot Ethereum ETF being approved from 25% to 75%!

Any scoop?

Re-communication: Bloomberg Senior ETF Analyst Eric Balchunas claims that the SEC suddenly reversed its decision to reject a spot Ethereum ETF, leaving issuers scrambling to complete applications before the first final decision deadline of May 23.

Political Motives: While the Biden administration has taken an aggressive anti-crypto policy stance in recent weeks, Balchunas pointed to the increasing politicization of cryptocurrencies as a driving factor behind this sudden shift.

Later this month, the House will vote on an important bill (H.R. 4763) that we think you should be paying attention to.

The Financial Innovation and Technology for the 21st Century Act, also known as the FIT21 Act, if passed, would bring greater clarity to U.S. regulation of cryptocurrencies, benefiting everyone in the industry. If this bill passes, it will:

Provide a pathway for blockchain projects to launch safely and efficiently in the United States;

Clarifying the lines between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), i.e. who regulates what conduct in cryptocurrencies, and whether digital assets are securities or commodities;

How many people are awakened by the rise of Ethereum?

Image source: TradingView

Eric Balchunas, an ETF analyst at Bloomberg, suddenly and unexpectedly raised the probability of Ethereum spot ETF approval from 25% to 75%. He said that he heard some rumors this afternoon that the SEC may make a 180-degree turn on this issue ( This issue is becoming more and more political), so now everyone is working hard to prepare.

Subsequently, Coindesk published an article stating that three people familiar with the matter said that the U.S. Securities and Exchange Commission requires ETF exchanges to speed up the update of 19b-4 applications, indicating that it may approve these 19b before the key deadline (May 23, 24) -4 Apply.

Tsinghua University Telegram is locked?

There are a large number of illegally secretly filmed sexual images of minors on the candid photography forum "Creative Private Room", and they are traded on a membership basis, which has attracted public attention. After the incident broke out, the Ministry of Digital Affairs quickly "shut down" it and asked Internet access service providers to stop domain name analysis of "Creative Private Room" to prevent people from connecting to illegal websites.

However, the forum operator is suspected of switching to Telegram groups, so the Ministry of Health and Welfare also stated at the beginning of the month that it may completely block the use of Telegram in Taiwan under two circumstances.

Since Telegram is a communication software that people in the cryptocurrency community highly rely on, after the news was released, many users were nervous and felt that it seemed to have been handled inappropriately.

Bitcoin rises to nearly 72,000, and Ethereum soars 20%! Short positions liquidated across the entire network to US$272 million

In the early morning of today (21st) Taiwan time, the cryptocurrency market experienced a long-awaited collective surge. Bitcoin ($BTC ) once rose to $71,979, while Ethereum ($ETH ) also quickly rose by more than 20%, hitting a maximum of $3,721.

Short-selling traders were caught off guard by the violent pull and suffered heavy losses. CoinGlass data shows that in the past 24 hours, a total of 79,245 people were liquidated in the cryptocurrency leveraged contract market, with a total liquidation amount of US$345 million, of which US$272 million was liquidated for short orders.

Ethereum surges 20% overnight!

This morning, the cryptocurrency market rebounded. Bitcoin, the largest cryptocurrency by market value, surged from $66,800 at the opening of the day to $71,248. The price of Ethereum ($ETH ), the king of altcoins, also rose from $3,143 in just a few hours. Climbing up, reaching a maximum of $3,710, a one-day surge of over 20%.

Image source: CoinGecko

Behind today's market rise is the hope that the Ethereum spot ETF will pass. According to foreign media "Coindesk" citing people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) has changed its attitude and is requiring exchanges to "accelerate" updates to its 19b-4 Documentation.​

What is Bitcoin Pizza Day?

Have you heard of Bitcoin Pizza Day? Why do people in the crypto community celebrate it every May 22nd? What is the origin of Bitcoin Pizza Day? This article will tell you the story of Pizza Day and its significance to the cryptocurrency industry!

Bitcoin Pizza Day: Engineer buys 2 large pizzas for 10,000 BTC

What is the origin of Bitcoin Pizza Day? On May 22, 2010, an engineer named Laszlo Hanyecz wanted to order pizza, but suddenly wanted to pay with Bitcoin, and a 19-year-old young man agreed to the transaction. In the end, the engineer exchanged 10,000 Bitcoins ($BTC ) for 2 large slices of pizza.

Earn 170 mg by inviting 1 person?

Arkham ($ARKM ) was founded by Miguel Morel in 2020. Its main axis is to build an intelligence platform. Its special "bounty function" allows users to request intelligence on any blockchain through bounties, and bounty hunters You can obtain bounty rewards by feeding back information.

The platform has received more than $12 million in Series A funding from investors including Joe Lonsdale, one of the anonymous founders of OpenAI and co-founder of Palantir, Geoff Lewis, founder of venture capital firm Bedrock, and Tim Draper, founder of Draper Fisher Jurvetson. , strategic partners include: Base, BNB Chain, Polygon, Optimism.​

The blockchain industry is rife with promises of quick, easy money. It is critical to identify which projects are safe and which are doomed after 3 months. This article describes eight checking methods to help traders avoid effective scams.

1. Start from the most basic

To verify the legitimacy of a coin, start with the most accessible method. For example, Google Search and

Crypto-City: An Emerging Landmark of the Web3 Industry

With the rapid development of blockchain technology, the Web3 industry has become the focus of global attention. Crypto City is actively recruiting talents and providing a wealth of job options for job seekers who are interested in entering the blockchain industry. Here are five popular job vacancies that will guide you step by step to become a blockchain practitioner and seize the opportunities of this digital revolution.

Five major job openings in crypto cities

1. APP Planning and Operation (PM)

APP planning and operation positions play an important role in crypto cities. Its main work includes user research, market analysis, schedule planning, feature development, product testing and effectiveness review. This position requires more than two years of App project management experience, familiarity with project scheduling and schedule control, and the ability to write development requirements and promote feature development.

Note: This article comes from OneKey’s X and is compiled by Mars Finance as follows:

What? Your understanding of mnemonic phrase storage is still based on a small piece of paper?

How much money you have has a big impact on how you protect your mnemonic phrase. Upgrade to fight monsters, but if you don't keep up with life-saving equipment, you will be sent back to the novice village.

OneKey roughly summarizes the four mnemonic phrase security levels. What level of practice have you reached?

All living beings: below A5 level

If you have tens of millions in your hands, you are probably in the newbie village of Crypto. Alternatively, you are the victim of a fall from above the A6, A7 or even the A8.

Solana ($SOL ) leads the altcoin market higher with a recent rally above $170

As Bitcoin rebounded sharply, most altcoins also experienced a recovery. Among the currencies with the highest market capitalization, Solana ($SOL ) has the most prominent trend. According to CoinDesk, $SOL broke through $170 last week and once reached a high of $176.06, setting a new high in more than a month.

As of the time of writing today (20th), $SOL is quoted at US$177.81. It has fallen to a low of US$165.96 in the past 24 hours. Compared with the low of US$118.47 in early May, it has increased by more than 40%.

Why is token unlocking important to care about?

Are you unfamiliar with the term “unlocking” the cryptocurrency market? If you are an investor who intends to deeply understand the market, unlocking the possible impact on the price of tokens is an event that you must pay close attention to.                 

What is token unlocking? When each project issues native tokens, they are usually allocated to developers, early investors, etc. in proportion. This is the token distribution model. In order to avoid the tokens encountering huge selling pressure when the project is launched, many projects will set up A "lock-up period" is set to lock the tokens held by relevant persons for a period of time so that they cannot be traded immediately. Then at a specific point in time, these tokens will be partially unlocked, allowing holders to trade freely.                 

Airdrops have always been one of the hottest topics in the cryptocurrency industry. At first, the concept of airdrops was just "free money" issued by the protocol to reward users, but it soon developed into a very complex system with points and overvaluation. With venture capital-backed projects and unknown rates of return, this article will sort out the origins, development, and potential future opportunities of airdrops.

Simply put, an airdrop is when a protocol retroactively rewards its platform users with their native tokens.

The first major airdrop was conducted by Uniswap in 2021, when they issued 400 $UNI to users who had performed a token swap on their exchange. This was unprecedented at the time and could reward users thousands of dollars for just one simple transaction. Their reasoning was that the $UNI token needed to be decentralized in order for the DAO to function as intended, with the added benefit that it would not be so centralized that regulators would treat the token as a security. It also rewards previous users who have contributed to the protocol - after all, without users, the protocol would be nothing more than a backwater.

Drawing on extensive survey data and user voting, Token Metrics has compiled a comprehensive list of the Top Cryptocurrency AI Projects of 2024, highlighting the best cryptocurrency AI projects expected to dominate the cryptocurrency industry in 2024. . Notable among these projects are Token Metrics, Injective, Bittensor, and Fetch.ai, which are pioneering improvements in efficiency, data privacy, and decentralization through innovative solutions and driving innovation across the industry. Key projects and their contributions:

Ocean Protocol: Simplifying data sharing and analysis.

1. Which blockchain has the fastest transaction speed?

Solana has proven to be the fastest of the large blockchains, with its actual daily transaction volume (TPS) hitting an all-time high of 1,504 on April 6 this year amid the meme coin craze. This makes Solana 46 times faster than Ethereum and more than 5 times faster than Polygon, the highest TPS among Ethereum scaling solutions.

Despite being listed as the fastest blockchain for transaction speeds, Solana still only achieved 1.6% of its theoretical maximum speed of 65,000 TPS.

Source: CoinGecko

At the same time, a surge in transaction volume is causing network congestion, and it remains to be seen how quickly Solana can reach higher actual TPS following its upcoming upgrade.

Bitcoin Blocked at 68,000! Analyst: “These 4 coins” are showing bullish signs

Bitcoin has risen by more than 8% last week, but analysts have different views on the next trend of Bitcoin. Some people believe that the correction has ended and the market outlook will break through new highs; some predict that Bitcoin will test the $60,000 support again.

"Cointelegraph" senior analyst Rakesh Upadhyay believes that Bitcoin is still in a consolidation trend and faces resistance near $68,000. But a positive sign is that although Bitcoin was blocked, it did not pull back too much, which means that bulls still expect the price of the currency to rise and continue to hold positions.

With the new segmentation indicators we have introduced in this article, we are now able to analyze in a more detailed way the specific points in time that cause investors to suffer severe unrealized losses and cause them to "throw their hands up" to the decline. . In addition, we will also introduce a new framework in the article to analyze and evaluate the exhaustion of seller investment potential among different investor groups over multiple time periods.

Summary

During the duration of the bull market, long-term investors can usually achieve high profits. Therefore, realized losses come mainly from the short-term holder group, and from their investment activities, we can get a lot of information about market turning points that occur during sell-off events.