Today I want to share with you this hot news on CryptoSlate
The real advantage of crypto is self-custody, allowing users to control their own assets without being subject to the risks associated with centralized entities, which is the main theme of this post.
Since the SEC approved Bitcoin and Bitcoin ETFs and the House of Representatives passed FIT-21 with bipartisan support, people believe that these are the next step in an ongoing experiment to see if regulation can reduce the risks inherent in crypto and curb the crazy digital asset industry.
The author of this article also said: In essence, encryption may be more secure than the existing financial system, so what do you think?
Bitcoin bullish signals strengthen, short-term decline may be driven by long-term holders selling
Bitfinex, a cryptocurrency exchange, said on Monday that the plunge in Bitcoin since March was driven by long-term holders selling, but this trend has now stagnated, and the number of BTC net cumulative addresses has increased in the past month, indicating that market bullish sentiment is strengthening #BTC走势分析
BAB breaks new highs I received the news to enter the market at 15:11 this afternoon And just now BNB broke new highs TP4 has been completed, congratulations brothers #BNB走势 #MegadropLista #现货以太坊ETF获美SEC批准
Both Bitcoin's OP_CAT proposal and Runes protocol have the potential to have a significant impact on the Bitcoin blockchain, as they introduce new features and expansion capabilities that improve the functionality and scalability of the Bitcoin network. Let's take a closer look at the two proposals and their potential impacts.
### OP_CAT Proposal OP_CAT is an opcode in the Bitcoin scripting language, and its full name is "concatenate". Its main function is to concatenate two inputs into one output. This operation has many potential uses in Bitcoin scripts and can greatly enhance Bitcoin's smart contract capabilities. Here are some of its potential impacts: 1. **Enhanced Smart Contract Functionality**: - OP_CAT can be used to implement more complex smart contract logic, such as multi-signature (multisig) wallets, payment channels, and decentralized finance (DeFi) applications. - By providing more powerful scripting capabilities, developers can create more complex financial instruments and applications on the Bitcoin blockchain. 2. **Improved on-chain scalability**: - By optimizing data structures and transaction processing, OP_CAT can improve the transaction processing efficiency of the Bitcoin network. - This helps alleviate Bitcoin's scalability issues and support more on-chain transactions and applications. 3. **Promote Layer 2 Solutions**: - OP_CAT can be used in conjunction with Layer 2 solutions such as the Lightning Network to enhance their functionality and security. - This combination helps enable faster and cheaper payments and transactions, and improves user experience.
### Runes Protocol The Runes Protocol is a new blockchain protocol that aims to provide a more efficient, secure, and scalable operating environment for decentralized applications (dApps). It has an impact on the Bitcoin blockchain in the following ways: 1. **Cross-chain compatibility**: - The Runes Protocol may provide cross-chain compatibility, making it easier to transfer assets and exchange data between Bitcoin and other blockchain networks. - This cross-chain functionality helps break down blockchain silos and promote broader ecosystem interoperability. 2. **Expand Bitcoin's functionality**: - By integrating the Runes Protocol, Bitcoin can gain more functionality, such as support for smart contracts and more complex transaction types. - This will make Bitcoin not only a value storage tool, but also a versatile blockchain platform. 3. **Improving security and efficiency**: - The Runes protocol is designed with a focus on security and efficiency, which can help the Bitcoin network improve its transaction processing capabilities and ability to resist attacks. - This improvement will help enhance user confidence in the Bitcoin network and promote more applications and user adoption. ### Comprehensive impact Taking the OP_CAT proposal and the Runes protocol together, they may bring about the following changes: 1. **Expansion of smart contracts and dApp ecosystem**: - By introducing more powerful scripting functions and protocol extensions, Bitcoin can support a wider range of decentralized applications and smart contracts. - This will attract more developers to build applications on Bitcoin and enrich the Bitcoin ecosystem. 2. **Enhance Bitcoin's market competitiveness**: - As the earliest and most well-known cryptocurrency, Bitcoin faces competition from other blockchain platforms. Enhancing its functionality and scalability will help consolidate its market position. - Providing more application scenarios and functions will make Bitcoin more attractive, not only as a value storage, but also in more practical applications. 3. **Promote the overall development of blockchain technology**: - These improvements are not only beneficial to Bitcoin, but also have a positive driving effect on the development of the entire blockchain technology. - Through the demonstration effect, other blockchain platforms may also learn from these improvements to promote technological progress and innovation in the entire industry.
In short, the OP_CAT proposal and the Runes protocol are expected to achieve important breakthroughs in functionality and market competitiveness by enhancing Bitcoin's smart contract functions, improving its scalability and cross-chain compatibility, and promoting the development of the Bitcoin blockchain and even the entire blockchain industry. #meme板块关注热点 #现货以太坊ETF获美SEC批准 #新币挖矿
May 16, 2024 [Navigator Chinese Community] Market Dynamics
Today, the market fluctuated sharply, and many hot spots emerged in the field of digital currency. The price of Bitcoin rose sharply, and altcoins also rose generally. At the same time, the exchange rate of Ethereum to Bitcoin reached a three-year low. In the traditional financial market, the US stock market hit a new high, while the US dollar index fell sharply. The US Consumer Price Index (CPI) fell month-on-month in April, resulting in a probability of a rate cut in September of more than 80%. Market hot spots are concentrated in several areas: 1. Related topics in the field of political finance (Polifi), such as People, Maga, Jeo Boden, Doland Tremp, etc., rose sharply. These topics are related to the upcoming November election and may become the focus of market speculation. 2. Ar, Phb, Lpt, and Octa in the field of artificial intelligence (AI) performed well. In particular, Octa, as the underlying infrastructure of AI computing power and the EVM public chain of POW consensus, has a market value of 60 million US dollars, an increase of more than 10 times this year. 3. Jto, Gmx, and Bome in the Solana ecosystem have seen strong gains. Brokerage firm Robinhood launched a Solana staking campaign, further boosting the gains of Solana-related tokens. 4. The public chain SEI rose, and the V2 version upgrade was launched, attracting market attention. 5. BN is about to launch Notcoin. Notcoin is a meme token in the TON ecosystem, with a total issuance of 100 billion, all of which are in circulation. Futures prices predict that its market value will reach $800 million, and market expectations are active. 6. Blast in the L2 network will be airdropped on June 26. Blast is the L2 extension of the NFT platform Blur, and Blur's trading volume has been surpassed by Magic Eden. At the same time, the social protocol Lens also plans to launch an L2 solution based on zero-knowledge proofs. These dynamics will further promote the development of the L2 network. #Meme币你看好哪一个? #山寨币热点 #BTC走势分析 #ETFvsBTC #5月市场关键事件
Market Dynamics Analysis on the 15th: #BTC走势分析 #5月市场关键事件 #ETH #Meme币你看好哪一个? #山寨币热点 The latest market dynamics analysis released by [Navigator Chinese Community] shows that both the digital currency market and the traditional financial market have shown different trends. Bitcoin (BTC) and other small cryptocurrency projects generally experienced price declines, while the US stock market showed an upward trend. In the digital currency market, the price decline of Bitcoin was accompanied by a decline in mining computing power for two consecutive months, indicating that mining activities may be decreasing. At present, the shutdown price of Bitcoin has reached 55,000 yuan. In the traditional financial market, although the US producer price index showed that the industrial inflation rate reached its highest point in a year, the US stock market still showed an upward trend, showing that the market's response to the inflation issue is not clear. In terms of market hotspot focus, the prices of Ethereum-based tokens such as PEPE, People, Floki Inu and HarryPotter in the meme coin field have risen. In particular, the People token has attracted market attention due to its conceptual connection with the US election. However, newly listed tokens such as BunnyPark (BB) and REZ generally suffered a sharp drop, showing that retail investors' interest in riskier VC tokens has waned. In addition, WALD, an AI token in the field of artificial intelligence, also saw a sharp drop. It is expected that about 4% of tokens will be unlocked every day, which may put further pressure on the market. Investors should pay close attention to these developments to better formulate their investment strategies.
<14th Navigator Order Record> #FLOKI🔥 At 20:56, FLOKI gained 103.11% profit Strategy is short-term long, leverage 2 to 3 times Buy range 0.1894-0.1690 Targets 1 to 6 are 0.11937-0.2214 respectively Stop loss is set at 0.16715
<No. 14 Navigator Order Record> #pepe新高 At 20:14 Pepe once again gained 694.47% profit #pepee After consolidation, continue to charge! Tonight at 22:00, Powell will speak, and there may be a spike, everyone pay attention to the risks!
<14th Navigator Order Record> #MemeCoinsSeason Next, at 17:47, MEME gained a profit of 68.81 Completed two profit targets Strategy is short-term long Leverage is 2 to 3 times Buy range is 0.245 to 0.24 Targets 1 to 4 are 0.25 to 0.275 respectively Stop loss is set to 0.22
<No. 14 Navigator Order Record> #pepe新高 12:05 noon Pepe once again made a profit of 586.28% and completed the profit of 6 targets The strategy is the same as above
<No. 14 Navigator Order Record> #pepe新高 #PEPERocket takes off! We continue to hold in the medium and long term! Short-term profits have been completely stopped Our strategy is short-term long Leverage 2 to 3 times Buy range 0.0085 to 0.0078 Target prices 1 to 6 are 0.00864 to 0.00994 respectively Stop loss price is 0.0000076
<14th Navigator Order Record> #WIF Less than 10 minutes after the last order, 12:33 am WIF gained a profit of 112.26 #WIF Short Long TP2 Strategy is WIF short long, leverage 2 to 3 times Buy range 3.10 to 3.05 Targets 1 to 6 are 3.15 to 3.65 respectively Stop loss is set to 2.75
<No. 14 Navigator Order Record> #MemeCoinsSeason Just after 12:00 am, the first to come is MEME, which has made a profit of 683.81% MEME is short and long, tp1
[May 14, 2024 Navigator Chinese Community Market Analysis] In the latest market dynamics Bitcoin (BTC) has experienced a round of rebound, but at the same time, most alternative coins (commonly known as "altcoins") have generally shown a downward trend. The US stock market has shown a volatile pattern, among which GameStop (GME), which leads the retail movement, has seen a surge in its share price by several times, indicating that the enthusiasm of the bull market is returning. In terms of MEME coins, the prices of tokens such as Pepe, Floki, Maga, Mog, Popcat, and Michi have risen, especially MEME coins related to the homophony of GME and Kitty have achieved dozens of times growth. Pepe coins set a new high, and MEME coins with the theme of "Roaring Kitten" led the upward trend of the entire market. US retail funds rushed into the MEME coin market, indicating that the investor groups in these two markets have similar investment psychology and behavior patterns. Among Bitcoin ecosystem-related projects, BB coins performed generally on Binance Smart Chain (BSC), and the price of Auction projects fell significantly. Overall, new projects in the Bitcoin ecosystem generally underperformed the broader market, with newly launched tokens such as Merlin and Runestone hitting new lows. The tokens to be unlocked include Strk and Arb, which are worth $80 million and $100 million respectively. The unlocking of these new tokens may have an impact on the market, and investors should pay close attention to market dynamics and make timely investment decisions. In summary, market volatility and uncertainty still exist, and investors should remain cautious, pay close attention to market dynamics, and make reasonable investment choices based on their own risk tolerance. #BTC走势分析 #ETH #山寨币热点 #5月市场关键事件
Citi, JPMorgan Chase and other US financial giants explore shared ledger technology for multi-asset transactions
Tianjin companies in the financial services field such as Citi, JPMorgan Chase, Mastercard, Swift and Deloitte will work together to explore the possibility of sharing ledger technology by simulating multi-asset transactions in US dollars. According to a statement, the research project, called "Regulated Settlement Network (RSN) Proof of Concept (PoC)", will explore the potential of bringing commercial bank funds, central bank wholesale funds, and securities such as US Treasury bonds and investment-grade bonds to a common regulated platform. The Innovation Center of the Federal Reserve Bank of New York will serve as a technical observer. #BTC #ETH
[Navigator Chinese Community News] May 8 The value of Bitcoin fell, altcoins were generally frustrated, and the US stock market was volatile. At the same time, Federal Reserve officials expressed tough stances and released hawkish signals.
Ern, a digital collection trading platform, rose against the trend and launched L2 technology equipped with artificial intelligence. However, the new currency Mode suffered a halving as soon as it went online. This product is a modular DeFi L2 product based on OP, which stands out among many competing products. The value of algorithmic stablecoin ENA has risen, and the exchange Bybit has introduced USDE as a new trading pair and collateral asset, injecting new vitality into the market. The price of the monster stock TRB has soared, and the market makers have entered the market and continued to reap profits. In the case of market turmoil, the trading of such stocks is extremely active. Jupiter's next wave of star projects Sanctum is about to issue coins. Sanc is a rising star in Sol liquidity pledge, and its market share is close to the leading JTO. A snapshot will be taken on May 10, and users who deposit Sol in advance will have the opportunity to obtain airdrop points. The revenue of the Sol-based meme coin launch platform Pump exceeds Uniswap, with an annualized revenue of up to US$150 million. Pump provides a one-stop meme coin publishing service and charges a 1% service fee. The above is today's market dynamics, concise and to the point. #BTC #ETH
Data: As of yesterday, the Hong Kong Bitcoin Spot ETF held a total of 4,256 BTC, 32 more than the previous day According to HODL15Capital monitoring, as of May 7, the Hong Kong Bitcoin Spot ETF held a total of 4,256 BTC, 32 more than the previous day, and the total fund management scale was approximately US$270 million. #BTC #ETH
May 8th Morning News 1. Grayscale withdraws 19b-4 application for Ethereum futures ETF; 2. FTX expects the total value of property distributable to creditors to be between $14.5 billion and $16.3 billion; 3. Wintermute, in cooperation with OSL and HashKey, will provide liquidity for Hong Kong Bitcoin and Ethereum ETFs; 4. Vitalik proposes EIP-7702, an alternative to EIP-3074; 5. Gary Gensler, Chairman of the U.S. SEC: Many cryptocurrencies are securities under the law; 6. Gary Gensler: The spot Ethereum ETF is under review by the U.S. SEC; 7. Bloomberg analyst: The inflow of funds into the Grayscale spot Bitcoin ETF may be the result of short-term trading; 8. Robinhood shareholders may not receive the final result of the U.S. SEC lawsuit until the end of 2025; 9. Reya Network Season OG will end on June 30, and then Season 1 will begin; 10. Avail The second phase of airdrop application has been opened; 11. MyShell: The first phase of the test network airdrop NFT will be issued soon, and the deadline is May; 12. Singapore Web3 platform Galaxis completed US$10 million in financing, with Chainlink participating; 13. Lava Foundation completed US$11 million in financing, with Animoca Brands and others participating; 14. OKX Ventures announced its investment in Blade of God X; 15. Hong Kong Monetary Authority: The Shenzhen-Hong Kong cross-border data verification platform based on blockchain has been launched for trial; 16. Gitcoin announced that the GG20 donation has officially ended; 17. Data: 168 asset management companies already hold BlackRock IBIT; 18. Aethir announced that it will airdrop to the Azuki community. #BTC #ETH #以太坊ETF批准预期 #Megadrop