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đŸ’„đŸ’„đŸ’„ #Layer2 #zkSync Token #Airdrop‬ May Be Launched Tomorrow Key Points: - zkSync announced a pre-game event starting tomorrow, sparking rumors of a token airdrop. - The zkSync token airdrop, expected this month, faces a ticker controversy with Polyhedra Network. - zkSync released the v24 upgrade, improving security and functionality for its Ethereum Layer 2 solution. Anticipated zkSync Token Airdrop - The #Ethereum Layer 2 network, zkSync, has unveiled a pre-game event beginning tomorrow, fueling speculation about a forthcoming token airdrop. Announced on platform X, zkSync encouraged users to enable notifications and follow the community account ZK Nation, dedicated to the protocol’s development and protection. Although specific details about the event are yet to be disclosed, the community is eagerly awaiting more information. Airdrop Expectations and Ticker Controversy - The community is buzzing with anticipation for the zkSync token airdrop, expected to be officially announced this month, with a total supply of 21 billion tokens. However, the choice of ticker symbol for the token has stirred some controversy. zkSync plans to use the ticker ‘ZK,’ which has already been claimed by Polyhedra Network. Despite this, zkSync may still proceed with the ZK ticker, noting that Binance has yet to list Polyhedra’s token. - Prominent figures in the ZK proof ecosystem, including Shafi Goldwasser, Silvio Micali, Sandeep Nailwal, Brendan Farmer, and Eli Ben-Sasson, have collectively criticized zkSync’s attempt to use the ZK ticker. After extensive discussions, Matter Labs, the company behind zkSync, has decided to withdraw all trademark applications for the term ‘ZK.’ v24 Upgrade Enhancements - In addition to the upcoming event, zkSync recently completed the v24 upgrade of its zkSync Era software on the mainnet. This latest release introduces several enhancements aimed at boosting security and functionality for the Ethereum Layer 2 scaling solution. Source - coincu.com #BinanceSquareTalks

đŸ’„đŸ’„đŸ’„ #Layer2 #zkSync Token #Airdrop‬ May Be Launched Tomorrow

Key Points:

- zkSync announced a pre-game event starting tomorrow, sparking rumors of a token airdrop.

- The zkSync token airdrop, expected this month, faces a ticker controversy with Polyhedra Network.

- zkSync released the v24 upgrade, improving security and functionality for its Ethereum Layer 2 solution.

Anticipated zkSync Token Airdrop

- The #Ethereum Layer 2 network, zkSync, has unveiled a pre-game event beginning tomorrow, fueling speculation about a forthcoming token airdrop. Announced on platform X, zkSync encouraged users to enable notifications and follow the community account ZK Nation, dedicated to the protocol’s development and protection. Although specific details about the event are yet to be disclosed, the community is eagerly awaiting more information.

Airdrop Expectations and Ticker Controversy

- The community is buzzing with anticipation for the zkSync token airdrop, expected to be officially announced this month, with a total supply of 21 billion tokens. However, the choice of ticker symbol for the token has stirred some controversy. zkSync plans to use the ticker ‘ZK,’ which has already been claimed by Polyhedra Network. Despite this, zkSync may still proceed with the ZK ticker, noting that Binance has yet to list Polyhedra’s token.

- Prominent figures in the ZK proof ecosystem, including Shafi Goldwasser, Silvio Micali, Sandeep Nailwal, Brendan Farmer, and Eli Ben-Sasson, have collectively criticized zkSync’s attempt to use the ZK ticker. After extensive discussions, Matter Labs, the company behind zkSync, has decided to withdraw all trademark applications for the term ‘ZK.’

v24 Upgrade Enhancements

- In addition to the upcoming event, zkSync recently completed the v24 upgrade of its zkSync Era software on the mainnet. This latest release introduces several enhancements aimed at boosting security and functionality for the Ethereum Layer 2 scaling solution.


Source - coincu.com

#BinanceSquareTalks

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đŸ’„đŸ’„đŸ’„ #bitcoin Price Falters: Another Downturn In Crypto Prices Bitcoin's price failed to sustain above the $68,500 support zone, leading to further losses and bearish signals below $68,800. Bitcoin's Decline - Initial Surge and Drop: Bitcoin attempted to rise above the $69,500 resistance, briefly breaking $70,000, but couldn't maintain gains. The price peaked at $70,142 before starting a fresh decline. - Support Levels Breached: It fell below key support levels at $69,500 and $68,500, reaching a low of $67,920. The price is now consolidating near the 23.6% Fib retracement level from the $70,142 high to the $67,920 low. Current Trading Position - Below Key Averages: Bitcoin is trading below $69,500 and the 100-hour Simple Moving Average. - Resistance Levels: Immediate resistance is around $68,800, with significant resistance at $69,000 (50% Fib retracement level of the recent decline) and $69,500, where a bearish trend line is forming on the hourly chart. - Potential Upside: A clear move above $69,500 could push the price to test the $70,000 level, and further gains might target $71,200. Potential for Further Declines - Failure to Rise: If Bitcoin doesn't climb above the $69,500 resistance, another decline may start. - Support Levels: Immediate support is near $68,000, with major support at $67,650 and $67,500. Continued losses could drive the price toward $66,400. Technical Indicators - MACD: Gaining momentum in the #BEARISH📉 zone. - RSI: Below the 50 level for BTC/USD. Summary - Support Zones: $68,000, $67,500. - Resistance Zones: $69,000, $69,500. Bitcoin's failure to stay above critical support levels has led to further losses. Resistance is around $68,800 and $69,500. If these are not surpassed, the price could decline to $68,000, $67,500, or even $66,400. Technical indicators highlight this bearish trend, stressing the need to break significant resistance to reverse it. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #cryptocurrency
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#Ethereum Price Downward Drift: Decline Resumes Again Ethereum struggled to surpass the $3,720 resistance, leading to another decline and raising concerns about potential losses below the critical $3,550 support. After briefly surging above $3,700, Ethereum faced resistance and dropped below $3,650 and the 100-hourly Simple Moving Average. A significant #BEARISH📉 trend line is forming with resistance around $3,680 on the hourly chart of ETH/USD. If Ethereum fails to breach the $3,650 resistance, downside movement may continue towards initial support near $3,550, followed by the critical $3,520 zone and $3,500. Further declines could target $3,320 and $3,250. Key resistance levels include $3,640, $3,680, and $3,720. Surpassing these levels might lead to further upward movement towards $3,750, $3,800, and $3,880. Technical indicators show increased bearish momentum, with the MACD indicating downside pressure and the RSI below the 50 zone. - Key Support: $3,550 - Key Resistance: $3,650 Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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👉👉👉 #BLUM Community in #Telegram Becomes Fourth Largest in the World by Number of Subscribers Blum, hailed as one of the most promising and talked-about crypto projects, has achieved yet another significant milestone in its social media journey. Recent reports reveal that the Blum community on Telegram has surpassed 9.8 million subscribers and is swiftly approaching the 10 million mark. According to Blum enthusiasts themselves, this remarkable figure has positioned them as the fourth-largest community on Telegram based on subscriber count. Notably, Blum also extends its reach with 19 additional communities in various languages. The widespread popularity of Blum is undeniable, with the project spearheaded by former Binance executives in Russia and the CIS, Gleb Kostarev and Vladimir Smerkis, being regarded as one of this year's most hyped ventures. As per the founders' vision, Blum is poised to revolutionize cryptocurrency trading by offering users an entirely new and seamless experience. Notably, Blum has secured its spot among the most promising projects on the latest Binance Launchpad. Currently, Blum is actively attracting new users through a highly publicized farming program. Users have the opportunity to expand their referral network by inviting contacts, thereby earning rewards. However, it's important to note that accumulating points through the referral network is just one of the many ways users can earn rewards. By simply launching the Blum app daily and completing tasks, users can unlock additional rewards. Source - cryptonews.net #BinanceSquareTalks
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đŸ’„đŸ’„đŸ’„ World's largest bank #ICBC praises the evolution of #bitcoin , #Ethereum as innovative financial assets The Industrial and Commercial Bank of China (ICBC), the world’s largest lender, recently published a detailed analysis on the evolution and diversity of digital currencies. Here are the key insights from the report: Bitcoin: The New Gold - ICBC likens Bitcoin to gold due to its scarcity achieved through a mathematical consensus mechanism. Despite diminishing monetary attributes, Bitcoin's value as an asset is solidifying due to its divisibility, authenticity verification, and portability. Ethereum: Digital Oil - The report describes Ethereum as "digital oil," crucial for driving the digital future. Its Turing-complete language, Solidity, and EVM enable complex smart contracts and decentralized apps, vital for DeFi and NFTs. Challenges include security flaws, scalability issues, and high energy usage. Ethereum 2.0 upgrade, with PoS and sharding, aims to enhance sustainability and throughput. Layer 2 solutions like state channels and rollups are also being explored for scalability. #Stablecoins and CBDCs: Bridging Digital and Traditional Finance - Stablecoins, pegged to fiat currencies, offer stability in crypto markets, aiding transactions and serving as a reliable store of value. They're key for integrating digital currencies into the global financial system. Central Bank Digital Currencies (CBDCs) digitize fiat, potentially boosting payment efficiency, cutting costs, and enhancing monetary policy. CBDCs could simplify cross-border transactions, reduce intermediary reliance, and foster financial inclusion, but require thoughtful handling of privacy, security, and regulatory issues. Conclusion ICBC concludes that digital currencies, with diverse visions, target enhancing financial inclusion, security, and payment efficiency. Balancing sustainability, security, and efficiency is crucial for fostering their widespread adoption and innovation in the financial ecosystem. Source - cryptoslate.com #BinanceSquareTalks
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đŸ”„đŸ”„đŸ”„ #bitcoin Economist Reveals Year-End Forecast for $BTC Price Economist Timothy Peterson recently analyzed Bitcoin's difficulty growth rate and suggested that BTC's price could potentially reach $100,000 by the end of the year. Bitcoin's difficulty rating measures the challenge of mining a new block on the #Blockchain . This rating adjusts every two weeks to maintain a consistent block addition rate of approximately every 10 minutes. The difficulty increases with more miners and computing power and decreases when miners leave the network. Bitcoin's decentralized system and automatic, transparent difficulty adjustments prevent any entity from manipulating the difficulty rating. Peterson asserts that there is a strong correlation between Bitcoin's difficulty and its price. As mining difficulty increases, the energy cost per mined Bitcoin also rises, prompting miners to balance their electricity and hardware expenses against potential rewards. When Bitcoin prices are high, these costs become manageable, making mining profitable despite increased difficulty. Conversely, a drop in Bitcoin's price can force some miners to exit the network, leading to a decrease in computational power and difficulty. Peterson highlights a feedback loop between Bitcoin's price and difficulty. Higher prices attract more miners, increasing difficulty, which in turn can support higher prices. Increased difficulty and the associated costs drive miners to become more efficient, further supporting higher prices as the network strengthens. This creates a market equilibrium where energy costs are balanced by Bitcoin's price. Given these dynamics and current trends, Peterson predicts a reasonable year-end price range for Bitcoin between $60,000 & $90,000. A high difficulty level indicates robust network security, which supports higher prices, while energy costs provide a price floor. However, factors like increased adoption and positive market sentiment could potentially push the price even higher, towards $100,000. *This is not investment advice. Source - en.bitcoinsistemi.com
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