Mid-Autumn Festival is coming, Luna is making another effort
When will the bright moon appear? We can share its beauty even though we are thousands miles apart. The Mid-Autumn Festival has arrived. Vke would like to wish you all a prosperous Mid-Autumn Festival and abundant wealth!
Speaking of making a lot of money, Luna won again this week. Luna has been rising non-stop since September 23, with the price soaring from 0.388 to 0.595, an increase of more than 50%.
Although this increase is not as outstanding as that of other monster coins such as $wld and $Trb, the periodic surge makes $Luna so special. Luna is not called the "Moon Goddess" for nothing. According to past price trends, Luna will surge every Mid-Autumn Festival. During the Mid-Autumn Festival last year, Luna even surged more than 6 times. In comparison, this year's 50% increase is nothing.
The crypto market is currently in a deep bear market. In the case of insufficient inventory, Luna can still take advantage of the Mid-Autumn Festival to make a move. This shows that the entire market needs to deliberately look for hot spots. Those who want to make money in the short term under this market situation can only increase their sensitivity to various events.
But Vke believes that he is not destined to make this money. He prefers to seize the money-making effect with large cyclical rules. I also call on my audience friends not to be jealous of such bloodthirsty money on the edge of a knife. Most people are constantly wearing out their principal, so it is better to hold on to the oil and wait for the bottom-fishing and fixed investment before the bull market.
Celestia Announces Genesis Airdrop
On the evening of September 26, the modular blockchain Celestia announced an airdrop. A total of 60 million $TIA tokens were distributed to 7,579 developers and 576,653 active addresses. Eligible users need to claim them before 8 pm on October 17, 2023.
The snapshot time of Celestia's airdrop is January 1 this year. The airdrop rules are more comprehensive and fair than before. The 60 million tokens are divided into three parts and airdropped to development contributors, active users of L2, and pledgers of Cosmos and Osmosis with a pledge amount greater than US$75.
This means that even if many addresses have not interacted with Celestia, they are eligible for Celestia airdrops if they are highly active on the L2 chain. Users who have previously received OP and ARB airdrops should pay attention and check whether their addresses are eligible for airdrops.
Obviously, Celestia's airdrop method has revolutionized the previous mindless airdrop method of various projects. Most of the tokens are allocated to development contributors and active addresses on the chain with higher authenticity. Celestia's airdrop to developers starts at at least 1,000 tokens per address, and for active addresses, that is, addresses that only participate in interactions, even the top 10% of addresses can only get about 100 tokens.
Celestia’s airdrop rules are so smart, I believe that the airdrop rules of projects such as LayerZero and Starknet will be more stringent. Therefore, Vke recommends that you should increase the proportion of premium accounts when making money.
Ethereum futures ETF expected to start trading in the U.S. next week
On September 28, Bloomberg Intelligence analyst James Seifat said in a tweet that the U.S. Securities and Exchange Commission may approve a batch of Ethereum futures ETFs next week.
His comments came in response to fellow ETF analyst Eric Balciunas, who said he had heard the SEC was looking to expedite the launch of an ether futures ETF.
It is worth noting that if the U.S. Congress fails to reach an agreement on the new fiscal year, the U.S. government is expected to shut down at 12:01 a.m. EST on October 1, which will have an impact on the SEC. Coupled with the U.S. House of Representatives’ dissatisfaction with the SEC’s refusal to approve the BTC spot ETF, the SEC may want to resolve the BTC and ETH futures ETF issues before the government shuts down.
As the news came out, the price of ETH rose by 3.7% on September 28. As of September 30, the increase was close to 5%.
We must always pay attention to the SEC's movements and the ETF review process. Combined with the overall market trend, since the drop from 31,000 US dollars, there has been a lack of a B-wave rebound. Will the big rebound of BTC and ETH in the past two days break through the previous high and bring about a good rebound?
If so, this rebound may reach a high point of 29,000, which will be a good high-altitude opportunity. Partners in the secondary market can seize the last long-altitude opportunity in the bear market.
Ethereum has rebounded more violently than Bitcoin. In addition to the possible approval of the Ethereum ETF, the fundamentals are also favorable.
Ethereum testnet Holesky restarts
This week, the Ethereum testnet Goerli announced its exit from the stage of history, and the new generation testnet Holesky was restarted on September 28.
The Holesky testnet was originally scheduled to launch on September 15, which was also the one-year anniversary of the Ethereum mainnet merger. However, things did not go smoothly. The Holesky testnet failed to launch on the same day. The failure was caused by a configuration error in the genesis file, forcing its release time to be postponed to September 28.
The Holesky testnet is the first testnet launched after the merger with the Ethereum mainnet, so it is the first Ethereum testnet based entirely on PoS. It effectively solves the problem of the small number of validators in the Goerli testnet and the shortage of testnet tokens. It has a total of 1.46 million validators, which is twice as many as the Ethereum mainnet. The Holesky testnet is expected to be in service until 2028.
Previously, due to the failure of the H network launch, the developer community predicted that the Cancun upgrade would not happen this year, but now with the restart of the H network, the participation rate has reached 78%. If the Cancun upgrade can be successfully launched on the public test network in November, the official Cancun upgrade will take place in the fourth quarter of 2023. Regardless of how the plot evolves next, the resurrection of the H network has also injected a strong shot in the arm to the price of Ethereum.
There is another event that also contributed to the rise in the past two days.
Coinbase International Exchange Receives Approval to Offer Perpetual Futures Trading
On September 28, Coinbase announced that its international exchange, Coinbase International Exchange, has received regulatory approval from the Bermuda Monetary Authority (BMA) to provide perpetual futures trading to eligible non-U.S. retail customers.
Coinbase’s retail trading platform, Coinbase Advanced, will begin offering perpetual futures trading in the coming weeks.
Judging from the current situation, the futures ETFs of Bitcoin and Ethereum are a foregone conclusion. This wave of positive news from Coinbase also boosted the growth of Bitcoin and Ethereum on the 28th.
Finally, there is a Mid-Autumn Festival horror drama.
Binance Bitcoin Pins to $2,700
On the afternoon of September 29, the Bitcoin K-line of the Binance Exchange plunged to US$2,700, which scared the market. Just think about it, the price of Bitcoin was still 27,000 in the previous second, and it shrank 10 times in the next second. This would cause cardiac arrest.
CZ then immediately explained on Twitter that it was a display error, transactions were not affected, and everyone’s positions were not liquidated.
Only CZ responded quickly. If it had been slower, the rooftop would have been crowded with people.
However, those who opened orders on Matcha were not so lucky. Binance showed an error, and Matcha was really a scam. According to online rumors, because Matcha used Binance’s liquidity, Matcha users’ Bitcoin long orders were blown up at $2,700.
Vke would like to reiterate the old saying here, you can use Matcha to purchase new coins, but if it is a mainstream coin, I suggest that you trade it on large exchanges such as Binance and EURUSD, the risk will be much smaller. If you encounter an oolong incident like this one, you may lose all your wealth.
Next, no matter whether the market is a B-wave rebound or a deep decline, viewers who follow the Metaverse Thinking must have stockpiled bullets according to the advice we continue to give. Let us be prepared for the final combat readiness storage before the bull market arrives!
Follow me and keep a close eye on the market rhythm so that you don’t miss the bear bottom and the final horn of the bull market.
