By 2025, the total capitalization of ETH's Layer2 segment will be more than 1,000 billion USD according to leading experts in the crypto field.
When Ethereum is officially traded, the ETH ETF will consume a lot of transaction fees, not to mention the problem of congestion. And Layer 2 is the key to solving those problems
With extremely low cost, fast processing speed, and absolute security, it will definitely be the optimal choice for traders.
And what makes ETH and the top Layer 2s like: OP ARB STRK ZK... more unified and smoother will be the PECTRA update
WILL LAYER 2 REALLY HELP ETH REACH NEW LEVELS? Let's look forward to the market after the official launch of ETH ETF is expected on July 2, 2024
According to DLNEWS, an analyst at Pantera Capital said Biden is privately asking the SEC to change the rules on its own. Biden is honest about moving into the crypto industry. He does not want to publicly oppose his appointed SEC Chairman, Gary Gensler, but his recent presidential campaign is said to be moving closer to the crypto industry.
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CPI UPDATES:
➡️ CPI This Month = 3.3% Last month = 3.4% Estimate = 3.4%
➡️ Core CPI This Month = 3.4% Last month = 3.6% Estimate = 3.5%
There are 5 hours left until the FED's interest rate announcement this month, likely to remain unchanged. But when the CPI rate decreases, it is likely that the economy has shown good signs, with 2 consecutive months of decline. Leading to predictions of the first interest rate cut in September 2024 to more than 60%
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Starknet Foundation ( @StarknetFndn ) announced its new Catalyst program where they will distribute 20 million $STRK tokens to 21 leading projects in their ecosystem.
The Starknet Catalyst Program was launched to promote Ethereum scaling solutions #Starknet Catalyst program encourages innovation in Ethereum Layer 2 Starknet solutions, all using zero-knowledge aggregation technology.
Funding is divided into two segments, advanced and emerging, targeting both. The selection of the top user-facing protocols for funding is based on various factors evaluated by the Starknet Foundation ( @Starknet ) and third-party evaluators. The main goal of the program is to enhance user experience by supporting projects that bring new features and interfaces to improve and enhance on-chain dApp experiences.
Top projects vying for funding include Ekubo, a token launch platform; AVNU, a DeFi protocol that promises gas-free transactions; Influence, an online strategy game; Realms, an online game world; Nostra, an upcoming cryptocurrency superapp DeFi protocol; and ZKX, a decentralized perpetual futures exchange.
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Perhaps influenced by recent rumors of a security incident, OKX has seen significant outflows. Defillama shows that OKX saw outflows of $204 million in the last 24 hours and $630 million in the last 7 days, exceeding the total outflows of other exchanges. Binance saw a net inflow of $1.364 billion over the past 7 days.
A series of large and small FUDs leading to the bleeding of the entire market today is inevitable in every cycle, the final purification phase to prepare for takeoff in the fourth quarter of 2024. #fud $BTC #binance #bitcoin #ETH #Web3
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. Have you lost your steadfastness after the recent crash that brought BTC from the threshold closer to the 7x paradise back to the 69k area?
. This wave is exactly like the fourth quarter of 2020, where many brothers lost their goods and had to be spectators for the crazy bullrun season of 2021.
. We have gone through a difficult downtrend season after Luna, FTX, 3AC and a series of bankrupt funds, FUD on CEX and DEX, the Chinese government banned crypto, Cz was sentenced to prison, Gary sued a series of crypto as certificates. Unregistered securities... there are many reasons for selling off, leaving the market, and looking for a safer haven
. But now that we are still here, there is nothing to fear anymore, the most difficult things have passed, the challenges that have turned into opportunities have gradually appeared before our eyes. . Everything has begun to signal a very strong bull run season since the day of approval of the BTC ETF, followed by the ETH ETF, the enthusiastic support of presidential candidate DonaldTrump, the support of 3/5 SEC commissioners. incumbent, a series of pro-crypto bills such as FIT21, abolishing SAB121, etc.
The Dubai Financial Services Authority (DFSA) is promoting a regulatory framework for cryptocurrencies in its special economic zone. The previously established Dubai International Financial Center (DIFC), a special economic zone in #Dubai, where the first three assets used by more than 4,000 companies in the region are #BTC☀ #ETH and of course #Litecoin ⚡️ $LTC
Some Bybit leaders resign after Notcoin (NOT) airdrop incident
According to Wu Blockchain, several CEOs of cryptocurrency exchange Bybit "voluntarily resigned" after the Notcoin (NOT) airdrop went wrong, forcing the exchange to pay $26 million in compensation to 320,000 users, and recruiting new technical managers and spot trading experts.
The cause of the delay was said by Bybit co-founder and CEO Ben Zhou to be due to the time of recording NOT deposits coinciding with the exchange's regular maintenance schedule, and at the same time user traffic doubled - Three times during this period, circuit breaker protection mechanisms in the system were activated, leading to service interruptions.
To compensate for the incident, Bybit implemented a comprehensive compensation plan worth 26 million USDT for all affected users.
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. President Biden vetoed bill to repeal SAB 121 so banks could store crypto, saying we support what the SEC is doing
"...My Administration looks forward to working with Congress to ensure a comprehensive and balanced regulatory framework for digital assets, building on existing powers, to promote sustainable development." responsibility of digital assets and payments innovation, and help solidify U.S. leadership in the global financial system.
Therefore, I veto this resolution."
. This will be a strong driving force for price increases when Trump is elected in November 2024
🍀🍀🍀 Information is for reference only so you can have an overview of the market every day, not investment advice. $BTC $ETH #bitcoin #ETH #ethereum #ETHETFsApproved
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United States presidential candidate Robert F. Kennedy Jr. expect that President Biden will take a similar pro-crypto stance to ensure that the United States remains at the center of blockchain technology, revealing that he purchased 21 Bitcoins during the campaign and 3 Bitcoins for each child , advocates that there should be no capital gains tax on cryptocurrencies. #btc $BTC $ETH #bitcoin
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. The House Financial Services Committee 🇺🇸 will open a hearing on tokenization of real assets next Wednesday.
. Tokenization of real assets represents a major step forward in the crypto market. There is an increasing connection between traditional financial markets and future decentralized financial markets #btc #LINK🔥🔥🔥 #bitcoin #eth $BTC $LINK
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. @Fetch_ai , @SingularityNET and @oceanprotocol have finalized their token merger plan as they create the Artificial Super Intelligence Alliance ($ASI). By @JamieCrawleyCD
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. BlackRock updates S-1 amendment file for Ethereum ETF spot
. Vitalik published a paper titled "Layer 2 is a cultural extension of Ethereum", pointing out that Matic, Op, Metis, Arbitrum, Scroll, Taiko and many other Layer 2 allow subcultures to emerge. is now equipped with considerable resources. But he also worries that more L2s only want to get the short end of the stick when it comes to financial success.
. Stablecoin PayPal USD (PYUSD) is available on the Solana network, making transactions faster and cheaper. The launch of PYUSD on Solana comes almost a year after its launch on the Ethereum network.
. In the long run, the positive impact from Wall Street's major ETFs will help push the market to become increasingly optimistic and move towards new ATH milestones in early 2025.
🍀🍀🍀 Information is for reference only so you can have an overview of the market every day, not investment advice.