On October 12, according to an official announcement, Binance will support Polygon (MATIC) network upgrades and hard forks. The project team will conduct a network upgrade and hard fork at the block height of the Polygon Network Heimdall Proof of Stake (PoS) verification layer 15,950,759 (estimated on October 13, 2023, East Eighth District time).
Binance is expected to suspend the token deposit and withdrawal services on the above-mentioned network at 19:00 on October 13, 2023, East Eighth District time.
Polygon Labs releases three proposals for 2.0 upgrade and POL token migration
On September 14, according to the Polygon Labs governance page, Polygon Labs released three proposals for the Polygon 2.0 upgrade and POL token migration.
Among them, PIP-17 outlines "Phase 0" of Polygon 2.0. The main aspect of the proposal is to ensure that end users and developers do not need to take any action on existing Polygon PoS and Polygon zkEVM chains during the upgrade.
PIP-18 proposes the implementation of the POL token, designed to replace the existing MATIC token as the native gas and staking asset of the Polygon ecosystem.
PIP-19 requires that the native Gas token on Polygon PoS be upgraded from MATIC to POL in a manner that ensures maximum backward compatibility. This ensures that upgrades to new tokens will not change the compatibility of smart contracts on Polygon PoS. The goal here is to ensure that the code properties of the upgraded POL token remain unchanged.
How much money does an average person need to save to achieve financial freedom? Is it feasible to just lie low and live on bank interest?
Many people hope to save a certain amount of principal and then use the money to make money in a safe and reliable way, thereby achieving financial freedom and living a comfortable life of early retirement.
However, the vast majority of people do not know how much money they need to save to achieve financial freedom, nor do they know how to manage their funds.
Next, I will tell you how to calculate your own financial freedom threshold, and how to manage your finances more safely and reliably and obtain better returns.
The so-called threshold of wealth freedom is the minimum deposit amount you must have, calculated based on your actual assets and consumption.
In the cryptocurrency market, “pin” is a common term that refers to the phenomenon where the price of a cryptocurrency rises or falls rapidly for a short period of time, and then quickly returns to normal levels. This article will take you to understand the causes of pins, their impact on the market, etc.
Cause of pin generation
There are many reasons for the "pin insertion" phenomenon, one of which is insufficient transaction depth, which may lead to the occurrence of pin insertion. In addition, the exchange mechanism may not be sound enough, which may also be the culprit of the pin insertion. Even sometimes, artificial price manipulation may lead to the occurrence of pin insertion.
In the crypto asset market, the stablecoin USDT issued by Tether plays an important role. It provides investors with a channel for funds to enter and exit the crypto market. Investors' attention and interest in the crypto market can often be reflected in changes in USDT demand. However, in the process of analyzing the changes in USDT demand, an important indicator stands out, and that is the "USDT OTC premium." So what is USDT OTC premium and what impact does it have on the market?
USDT OTC Premium Definition
In theory, the price of USDT should be equal to the price of the US dollar. But in reality, the price of USDT will always be higher or lower than the price of USD. This is the so-called premium.
Eight classic trading systems in the cryptocurrency world
Eight classic trading systems
1. Turtle Trading System
Core trading ideas:
Enter when the price breaks through the highest point of the 20 trading periods.
Exit when the price falls below the lowest point of 10 trading periods.
System one:
Entry: Short-term system based on 20-day breakthrough (price exceeds the highest or lowest price of the previous 20 days)
Exit: The 10-day lowest price for long positions and the 10-day highest price for short positions. If the price movement deviates from the position to a breakout on the 10th, all units in the position will be exited.
System 2:
Entry: A simpler long-term system based on a 50-day breakout (price exceeds the highest or lowest price of the previous 50 days)
Ethereum Layer2 TVL fell to $9.61 billion, a drop of 2.45% on the 7th On August 25, according to L2BEAT data, the current total locked-up volume (TVL) of Ethereum Layer 2 fell to US$9.61 billion, a decrease of 2.45% on the 7th. Among them, the top five locked-up volumes are:
Arbitrum One ($5.31 billion, down 5.04% in 7 days); OP Mainnet ($2.55 billion, down 0.97% in 7 days); zkSync Era ($399 million, 7-day gain 1.93%); dYdX ($334 million, down 1.55% in 7 days); Base ($243 million, 10.2% 7-day gain).
Light assets, low cost, few personnel and many customers are the best business models
2. There are only these five sources of money
plunder, exchange, exploitation, monopoly, gift
3. Making money is anti-human. Making money means constantly disgusting yourself.
Control your attention, control your emotions, and don’t let anyone or anything interfere with your goals.
4. To make money, you must break the rules
Break the rules without breaking them to get results faster
5. Make good connections with people
The important thing is not to have a good relationship with the little people, but to have a good relationship with the big people who are helpful to you.
That is your relationship with anyone, depends on your strength and how much chips you have.
I used to worry about why my friends wouldn’t come to me if I didn’t take the initiative to look for them. After I looked for her a few times, I gradually understood that the bustling world is all about profit, and the bustling world is about profit. Benefit. If you have no value to others, why should others look for you?
After thinking about it, I no longer waste time and energy on maintaining so-called interpersonal relationships. Instead, focus on improving yourself:
1. Give up trying to please others
The quality of your relationship with others does not actually depend on how good you are to them, but on your strength and the chips in your hand. People are generally more tolerant of the strong, and even if the weak have done nothing wrong, You will also be treated harshly, and even if you just swallow your anger, you will often be seen as a cheap flattery.
In the currency circle, you have to find a way to earn 1 million principal first. After you have 1 million principal, you will find that your whole life seems to be different. Even if you don't use leverage, if you take a spot and increase it by 20%, you will have 20W, 20W is already the annual income ceiling for most people.
And when you can go from tens of thousands to 1 million, you will be able to grasp some ideas and logic for making big money, and your mentality will become much calmer at this time.
The real reason why you are poor in the cryptocurrency world
The real reason why you are poor in the currency circle does not lie in the rise and fall of crypto prices, but in your class status.
If you have the ability to join the "ruling class" that accounts for 20%, no matter how the price fluctuates, it will be difficult to shake your decision. Even, after reaching a certain level of strength, you can even control the rise and fall of prices by "controlling the situation."
However, ordinary people who do not have sufficient abilities are often trapped in the 80% "ruled class". While they are being controlled or deceived, they are unwilling to do so. This is the result of reality! Remember, the "ruled class" is like livestock raised by the rulers, and is the only and most important source of blood pursued by greedy rentier groups.
1. Bollinger Bands indicator, also known as BOLL indicator, is one of the most popular technical analysis tools in today's trading field.
2. Bollinger Bands consists of three lines, namely: upper track line, middle track line and lower track line.
The middle track is the 20-period simple moving average (MA20). The upper and lower bands are drawn on either side of the SMA line, with the distance between them determined by the standard deviation.
3. The upper and lower rails represent standard deviations, which means they reflect price fluctuations. When the trajectories contract and are close together, it signals a downturn in the market. Conversely, when the distance between bands widens, market volatility intensifies and price action increases.
As a trend indicator, MACD can determine the mid-term trend.
Basic usage
①Divergence method (most commonly used):
Tip: When the K-line trend is higher than the previous peak, but the MACD trend is lower than the previous peak, it is a top divergence; when the K-line trend is lower than the previous peak, but the MACD trend is higher than the previous peak, it is a bottom divergence.
Conclusion: Bottom divergence is bullish; top divergence is bearish.
②Golden Cross and Dead Cross method (trend method):
MACD Golden Cross: Bullish; MACD Dead Cross: Bearish
Note: MACD's golden cross and dead cross tend to look at a larger cycle, 4 hours is the best, daily line or 30 minutes are also acceptable.
Europe’s first spot Bitcoin ETF is about to go online Jacobi Asset Management has launched the Jacobi FT Wilshire Bitcoin ETF, which is Europe's first spot Bitcoin ETF. It is reported that it will be launched on Euronext Amsterdam. The ETF trading code is BCOIN and is regulated by the Guernsey Financial Services Commission (GFSC). Supervision.
Analyst: The results of ARK Bitcoin Spot ETF application may be announced tomorrow, and the processing will most likely be "delayed" Bloomberg Financial analyst James Seyffart tweeted that the deadline for approval of the Bitcoin spot ETF application submitted by ARK Invest is August 13, but given that the date is Sunday, a clear answer should be announced this Friday. His personal prediction is that the SEC will announce the results after the market closes tomorrow, and it is almost certain that the SEC will make an "extension".
#LTC Halving LTC halving refers to the halving of block rewards on the LTC network. This is an intrinsic mechanism of LTC designed to control the issuance speed and quantity of LTC. LTC’s halving cycle is every 840,000 blocks, which is about once every four and a half years. The LTC halving will lead to reduced miner income, increased scarcity, and improved network security. Estimated halving time: 2023-08-03#LTC
On July 27, according to the terms of service document officially released by the NFT trading market ZORA, the reward plan in Article 5.6 is: Zora has the right to decide at its own discretion whether to provide certain incentives and rewards for users to use its services, which may include but is not limited to Conduct airdrops of crypto assets to the wallets used by users on the service.
In addition, the conditions for obtaining such rewards will be determined by Zora in its sole discretion. When participating in any reward program, users may be required to use an eligible wallet during the relevant reward distribution period to claim rewards. Zora reserves the right to change, modify, terminate or cancel any rewards program at any time at its sole discretion without prior notice to the User and without any liability.
As previously reported, Zora announced in May 2022 that it had completed US$50 million in financing at a valuation of US$600 million, with Haun Ventures leading the investment and Coinbase Ventures and others participating.