As an old leek, it is necessary to teach Xiaobai a lesson. After all, he is also a person who has been constantly stepping into pitfalls.

The cryptocurrency market, also known as the cryptocurrency market, is a highly dynamic and potential financial ecosystem. There are many opportunities to make substantial profits in this market, but they also come with risks. This article will provide beginners with some advice and strategies to help them make money in the cryptocurrency community and point out the risks to be aware of.

Money-making strategies in the currency circle:

Before investing in the currency circle, comprehensive research and understanding of the market is essential. A deep understanding of different cryptocurrency projects, technical backgrounds, market trends, and relevant news events will help you make informed investment decisions.

The recently held 113th Ethereum Core Developers Consensus Conference (ACDC) discussed some important issues. Developers discussed the possibility of lowering the validator churn limit, i.e. slowing the rate at which the validator set grows in size, and preparing for the Deneb/Cancun upgrade. Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, shared the latest progress on Dencun testing efforts. He mentioned that the private test network Devnet#7has been in active testing for two weeks. Almost all EL and CL client combinations have been tested, except the Erigon (EL) client. Jayanthi encourages client teams to check out the Dencun issue tracker to identify outstanding bugs and fix their software releases. Additionally, Devnet #7’s blockchain explorer for tracking blob data has been updated. The next upgrade is named Prague, and the CL upgrade after Deneb will be the fifth hard fork upgrade of the Beacon chain. The developers are considering naming CL upgrades with different star names starting with the letter "E". Some of the names proposed include: Ebla, Edasich, Electra, Elgafar, Elkurud and Elnath. At the moment, the most popular name seems to be Electra. Developer meeting attendees are encouraged to express their opinions on the naming of CL upgrades in the forum. These discussions and progress show the determination of the Ethereum team to continuously work hard to improve and prepare for the next upgrade. They are concerned about the issue of validator churn and are committed to maintaining healthy performance of the network. Developers are also actively exploring different optimizations for Ethereum’s peer-to-peer layer and making some changes to the network specifications. Overall, the Ethereum Core Developer Consensus Meeting provides community members with the opportunity to learn about the latest developments and participate in discussions to ensure the continued development and improvement of the Ethereum network. The team will continue to work hard to provide users with a better experience and promote technological innovation in Ethereum.

Cryptocurrency assets experienced a general rise of 10% to 30% last night. There are many important factors behind this phenomenon. First, Fidelity submitted a second revision to its application for a Bitcoin spot ETF. At the same time, the SEC stated that it had received Bitwise Capital’s application for a Bitcoin spot ETF and officially started the review process. This shows that more and more well-known institutions are seeking to launch compliant crypto-asset products, bringing positive signals to the market.

Another important factor is that a US judge ruled that Ripple (XRP) is not a security. Previously, the SEC filed a lawsuit against Ripple, believing that the tokens it issued were securities, which resulted in some projects also receiving regulatory attention from the SEC. However, the judge’s ruling that XRP does not meet the definition of a security raises hope for other projects to escape the risk of SEC regulation. Coinbase also urgently stated that the previous delisting of XRP was a misunderstanding and planned to re-list XRP, which further boosted market confidence.

Recently, Ethereum founder Vitalik Buterin (Buterin) expressed his insights on Bitcoin and Ethereum scaling solutions. He believes that if we want Bitcoin to exist as more than just a payment method, we need to adopt scaling solutions similar to Plasma or ZK Rollup. Fortunately, these two solutions have been tested on Ethereum and have achieved certain results. Additionally, he mentioned Optimism and Arbitrum as successful cases of Rollup that can serve as case studies for Bitcoin.

Buterin further tried to find commonalities between the two ecosystems of Ethereum and Bitcoin. He pointed out that whether it is Bitcoin or Ethereum, both blockchain systems have the characteristics of immutability. This means that once a transaction is confirmed and written to the blockchain, it cannot be changed or deleted. This feature ensures the security and reliability of transactions, making Bitcoin and Ethereum widely accepted digital assets around the world.

Recently, renowned author and financial commentator Robert Kiyosaki commented on the latest move by members of the BRICS alliance to adopt the gold standard. According to Kiyosaki, the BRICS countries are likely to announce the launch of a gold-backed cryptocurrency in the near future. This move is expected to have a significant impact on the global monetary system, especially the current status of the US dollar valuation, which may bring about huge changes.

Kiyosaki noted that BRICS alliance members may want to seek a stable store of value by launching gold-backed cryptocurrencies, given the impending depreciation of the U.S. dollar. As a long-accepted precious metal, gold has been regarded as a symbol of value and collateral around the world. Combining gold with cryptocurrencies could provide the BRICS countries with a new financial instrument while also potentially increasing gold’s liquidity and market demand.

BlackRock CEO Larry Fink said in an interview that cryptocurrencies, especially Bitcoin, have the potential to revolutionize the financial system. Fink, who has previously been regarded as a skeptic of cryptocurrency, said that if more assets and securities can be presented in a tokenized manner, Bitcoin has the potential to trigger revolutionary changes in the financial field. The following will discuss Fink’s new views on Bitcoin in detail, as well as the background of BlackRock’s iShares submitting a Bitcoin spot ETF application.

As the first cryptocurrency to successfully apply blockchain technology, Bitcoin has attracted much attention in recent years. The BlackRock CEO’s comments reveal a new understanding of Bitcoin’s potential impact. He believes that the tokenized nature of Bitcoin has the potential to trigger revolutionary changes in the financial sector, which is in sharp contrast to his previous views on cryptocurrencies.

Recently, Wang Yang, Vice President of the Hong Kong University of Science and Technology, and a founding investor of Meituan jointly issued an initiative calling on the Hong Kong government to issue a Hong Kong dollar stable currency backed by its own foreign exchange reserves. This move sparked widespread discussion and concern. Currently, the Hong Kong government has huge foreign exchange reserves, exceeding the total market value of the two major stablecoins USDT and USDC, which gives the digital Hong Kong dollar higher endorsement and lower risk. This article will explore the significance, challenges and potential impact of Hong Kong issuing its own stablecoin, as well as its role in becoming a global Web3 new financial center and a blockchain technology innovation center.