Old Tang got it right again! Ethereum surged 20%, killing all the short sellers. If you want to say that Old Tang is behind the scenes, first look at the post that Old Tang quoted yesterday. This cannot be faked.
I have to say that this time the SEC cooperated with the bulls to make a perfect overall plan. First, it released the news that it was impossible to approve the Ethereum spot ETF, saying that the possibility of approval was only 7%. So last night, countless people were smart enough to eat this "certainty cake" and open shorts waiting for the SEC to reject or postpone the approval of the Ethereum spot ETF today to play a short short! However, the old saying is true again, the majority of people are always wrong. What was waiting was not a rejection, but the explosive news that the SEC asked the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF!
According to CoinDesk, the SEC asked the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF.
The 19b-4 document is a document submitted by an exchange. This type of document is usually related to changes in the rules of exchange operations, such as introducing new products, modifying trading mechanisms or other related exchange policies.
In this way, the probability of the SEC approving the Ethereum spot ETF has jumped to more than 90%! Everything reversed, ETH briefly touched 3700 USDT, with a 24H increase of 19.95%
In the past 24 hours, the entire network liquidated 327 million US dollars, short orders liquidated 251 million US dollars, and the air force left countless corpses and retreated! This time, the SEC and the long-term layout of the annihilation war of encirclement and annihilation was a complete success!
Suddenly I remembered that Brother Sun kept buying large amounts of ETH near 3100. I have to admire Brother Sun's vision and means!
I also congratulate the friends who listened to Lao Tang's advice and ambushed $ALT before. Sure enough, ALT lived up to expectations and started the surge mode. It surged 15% overnight. Everyone made a lot of money, but Lao Tang felt that this was just an appetizer. I will continue to hold it firmly!
Why is Lao Tang so optimistic about $ALT ? Because ALT is the leading project in re-staking infrastructure, ALT is a decentralized, RaaS protocol dedicated to Ethereum scaling solutions. Recently, the reALT re-staking gameplay was launched, which can kill two birds with one stone, obtain APY income and various LaunchPools income. AltLayer is built on top of this protocol and provides a versatile, code-free Rollups as a Service (RaaS) launchpad that allows not only developers, but also those with little to no coding experience to launch a custom Rollup in 2 minutes with just a few simple clicks.The RaaS offering is designed for a multi-chain and multi-VM world, so will have factory support for both EVM and WASM. It will also support different rollup SDKs like OP Stack, Arbitrum Orbit, Polygon zkEVM, ZKSync’s ZKStack, and Starkware, different shared ordering services like Espresso and Radius, and different DA layers like Celestia EigenLayer and Avail, as well as many other different modular layers of the rollup stack.
One of the key innovations that AltLayer brings to the Rollup design space is the idea of ​​ephemeral Rollups. With ephemeral rollups, dApp developers anticipating increased application demand can: 1) quickly spin up fast and scalable application-tailored rollups secured by Layer 1, 2) use the rollups as needed, and then 3) dispose of the rollups via an “end of life” settlement on Layer 1. Ephemeral rollups are highly resource-optimized rollups that give developers the best of both application-specific rollups and general-purpose Layer 1. RaaS umbrella AltLayer offers both ephemeral and durable rollups. The AltLayer protocol can save the team a lot of money and years of development work, and encourage innovation and rapid experimentation in a completely open and permissionless manner.
AltLayer is undoubtedly a major innovation for current technology, which will significantly improve the transaction processing speed of Ethereum in the future, and the transaction gas will also be gradually reduced.
ALT is the native utility token of AltLayer, and its functions include serving as an economic bond, participating in governance, as an operator's protocol incentive, and as a user's service fee.
Economic Bond: ALT tokens will be used with re-hypothecated assets to provide economic collateral. If malicious behavior is detected, the stake may be cut.
Governance: ALT token holders can vote on governance decisions.
Protocol Incentives: Operators in the AltLayer ecosystem can receive ALT tokens as rewards for their services.
Protocol Fees: Network participants need to use ALT tokens to pay for services within the network.
It can be said that owning ALT means having a ticket to participate in #ALT再质押生态 , which has far-reaching investment value and is worth paying attention to and ambush!
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