$BTC
As of 4:00 on August 10, 2024, Yingwei Financial Data shows that Bitcoin
The trend of Bitcoin has high volatility and uncertainty, and is affected by a combination of factors. The following are some factors that may affect the trend of Bitcoin:

1. Market sentiment: Investors' confidence and enthusiasm for Bitcoin will affect its price. Positive market sentiment may drive prices up, while negative sentiment may cause prices to fall.

2. Macroeconomic environment: Macroeconomic factors such as global economic conditions and monetary policy may have an impact on Bitcoin prices.



3. Regulatory policies: The regulatory attitudes and policy changes of different countries and regions towards Bitcoin play an important role in its price. Strict supervision may suppress prices, while looser or clearer regulatory policies may help the development of the market.

4. Technological development: Technological updates and improvements to the Bitcoin network may affect its value and attractiveness.

5. Performance of competing coins: The trend of other virtual currencies may also have a certain impact on Bitcoin.

From the perspective of technical analysis, according to Investing.com data, Bitcoin presents a variety of K-line patterns in different time periods, for example:

- "engulfing bearish" pattern appears on the 1-hour chart.

- "bullish doji star" pattern appears on the 1-week chart.

However, it should be noted that K-line pattern analysis is only a reference and cannot accurately predict future price trends.

In addition, the content released by Sina Finance client at 8:59 on August 10 showed that Bitcoin was blocked from rising and falling at the Fibonacci 50% retracement resistance of 47,000. It is currently consolidating at a high level. It fell back to the 5-day line support overnight. The 5-day line of 44,800 is still a short-term support. It should be noted that the price rose wave by wave in four hours, but MACD showed a top divergence, and the next four hours will usher in an adjustment and repair. The market structure has now moved from the stage where Bitcoin and Ethereum led the charge to the stage where the secondary mainstream is making up for the rise. The secondary mainstream such as XRP, ADA, and LTC have obviously strengthened. This is a sign of capital rotation. Bitcoin is stagnant at a high level. Pay attention to the subsequent highs and falls. The support below is 44800-44150-43200. If it falls back to the support area, you can consider getting on board in batches.Pressure level: 47000, support level: 44500.

$BTC $ETH
Bitcoin price fluctuates greatly, and its future price trend is difficult to accurately predict. However, I can provide you with some views of traders and market analysts and related technical analysis for reference:

Trader mikybull: According to his technical analysis, the price of Bitcoin may be about to enter the next round of rise in the bull market cycle, and is expected to break through the $120,000 mark. He wrote in an X post sent to his 71,000 followers on July 31: "Bitcoin is preparing for the next wave of rise, and the price will reach more than $120,000. Fasten your seat belts."

Cryptocurrency analyst mags: Based on technical chart patterns, he expects Bitcoin's next major milestone to exceed the $95,000 mark. The analyst wrote in an X post on July 31: "BTC is still trading in a descending expanding wedge pattern. The price is consolidating near the upper resistance line, and a breakout could lead to a sharp rise. The technical target of the pattern is $95,700."

Axel Adler, a cryptocurrency researcher: New Bitcoin investors have increased by 3% from the $57,000 level. As prices rise, the main influx of new investors will resume, and at the peak of the cycle, the increase in new investors should exceed 50%.

Analyst RektCapital: Bitcoin needs a weekly closing price above the approximately $71,500 mark to confirm the next round of the bull cycle. He added that an extended Bitcoin consolidation period will help synchronize Bitcoin with previous historical halving cycles, which means it will peak later in the cycle. However, Bitcoin faces huge resistance at the $67,000 and $67,500 levels. According to Coinglass, assuming Bitcoin breaks through $67,000, cumulative leveraged short positions worth more than $940 million will be liquidated; if the Bitcoin price breaks through $67,500, the total short liquidation will exceed $1.4 billion.

The price of Bitcoin is affected by many factors, such as market supply and demand, global economic situation, policies and regulations, investor sentiment, etc. Before making any investment, it is recommended that you fully understand the risks associated with the Bitcoin market and make decisions based on your risk tolerance and investment goals. At the same time, you can also consult a professional investment advisor for more detailed and personalized advice.

$BTC $ETH
Since its birth in 2009, the price of Bitcoin has experienced several major fluctuations. The following are some important stages of Bitcoin's historical price:

- 2009: Bitcoin was born with an initial price of $0.

- 2010: The price exceeded $1 for the first time.

- 2011: The price soared to $32, and then fell sharply; on June 8 of the same year, it reached a historical high of $31.9, but then the price continued to fall due to the "hacking incident" of the Bitcoin trading platform mt.gox.

- 2012: In February, the price fell below $2, a drop of 93.7%. In the second half of the year, with the establishment of the Bitcoin Foundation, the first Bitcoin conference in Europe and the formulation of relevant market measures, the price began to pick up, and in December a single coin rose to $13.69.

- 2013: The price was $13 at the beginning of the year and rose to $1,158 at the end of the year, an increase of more than 890%. Due to the Cyprus debt crisis, cryptocurrencies have gained favor, breaking through the $1,000 mark in December, and the global market value of Bitcoin exceeded $1 billion that year.
- 2017: From $790 at the beginning of the year to a historical high of $19,650 at the end of the year, the annual increase was as high as 1,700%, and then plummeted 66% in 2 months.
- 2018: From the high of $19,650 in 2017 to $3,062 on December 15, the second half of the decline was as high as 63%.
- 2019: In the first half of the year, it rose from $3,062 at the end of 2018 to a high of $13,865 in June, but fell to $6,500 at the end of the year.
- 2020: Affected by the pneumonia epidemic in March, the price once fell to $4,750; then with the influx of institutional investors and other factors, the price began to rise.
- 2021: On January 8, the price broke the historical high and reached $42,000.
- 2022: Bitcoin hits a new high of nearly $69,000.
- 2023-2024: Prices remain volatile, and as of 14:00 on July 4, 2024, it is worth $58,884.42, with a price drop of 3.45% in the past 24 hours, and its circulating market value has dropped to $1.16 trillion. On March 14, 2024, Bitcoin reached an all-time high of $73,750.

It should be noted that Bitcoin prices fluctuate greatly, and the above prices are for reference only. Its price is affected by many factors, such as government regulation, institutional investment, technological development, economic conditions, public sentiment, etc. Before making any investment, it is recommended to fully understand the relevant risks and make decisions based on your risk tolerance and investment goals.

$ETH $BTC
As of 15:46 on July 30, 2024, the price of Ethereum was $3,474.81, down $41.93 from the previous trading day, a drop of 1.19%. The price fluctuation range on that day was between $3,438.02 and $3,489.81.

Ethereum co-founder Vitalik Buterin will attend the Global Ethereum Summit Edcon 2024 today (July 30) and deliver a keynote speech "The Next Decade of Ethereum" at 15:20 (UTC+8).

In addition, according to the analysis of Bijie.com in the morning of July 30, the Ethereum-related price points speculated based on the latest data are as follows:

- Buy point 1: 3175.00 (reason: the low point at 08:00:00 on 2024-07-26 formed a strong support level);
- Buy point 2: 3123.50 (reason: the closing price at 00:00:00 on 2024-07-26 is close to the previous low point and may form a double bottom);
- Long stop loss point: 3087.01 (reason: the lowest point at 04:00:00 on 2024-07-26, falling below this point may lead to further decline);
- Sell point 1: 3353.11 (reason: the highest point at 04:00:00 on 2024-07-30 is close to the previous high point and may encounter resistance);
- Selling point 2: 3389.50 (reason: the highest point at 12:00:00 on 2024-07-29, the previous high point, may encounter strong resistance);
- Short stop loss point: 3397.33 (reason: the highest point at 16:00:00 on 2024-07-29, breaking this point may lead to further rise).

The nearest support level is 3175.00, the resistance level is 3353.11, the highest point is 3397.33, and the lowest point is 3087.01.

$BTC $ETH
The price drop of Ethereum spot ETF may have a certain impact on its future development, but the specific impact still needs to consider multiple factors comprehensively.

There may be many reasons for the price drop of Ethereum spot ETF, such as market expectations, early investors and institutional selling, market pessimism, macroeconomic factors, Bitcoin price drop, Mt.Gox Bitcoin allocation and SEC supervision. However, the price drop does not necessarily mean that the future development of Ethereum spot ETF will be seriously hindered.

On the one hand, the price of ETF is affected by many factors such as market supply and demand, investor sentiment and macroeconomic environment, and price fluctuations are common. Investors' confidence and demand for Ethereum spot ETF may be affected by the price drop, but this does not mean that they will completely give up their attention to the product.

On the other hand, the development of Ethereum spot ETF is also affected by factors such as Ethereum's own technological development, application scenario expansion and regulatory environment. If Ethereum can continue to innovate in technology, expand more application scenarios, and be recognized and supported by regulators, the future development of Ethereum spot ETFs still has potential.

In addition, investors' views on the long-term development prospects of Ethereum spot ETFs may also vary depending on their personal investment goals, risk tolerance, and understanding of the market. Some investors may see price drops as opportunities to buy, while others may choose to wait and see or reduce investment.

Therefore, whether the price drop of Ethereum spot ETFs will affect its future development requires further observation of market dynamics and investor reactions. When making investment decisions, investors should consider multiple factors comprehensively and formulate reasonable investment strategies based on their own circumstances. At the same time, regulators should also strengthen supervision of the cryptocurrency market, protect the legitimate rights and interests of investors, and promote the healthy development of the market.

$ETH $BTC $SOL
On June 13, 2024, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), revealed that regulators are expected to approve the S-1 registration form for spot Ethereum ETFs this summer, a key step before these funds are listed in the United States. Gensler made it clear that these ETFs are expected to be officially launched at the end of the summer, which is well before the presidential election in November.

After the SEC approved the 19b-4 forms of multiple Ethereum spot ETFs, there are currently 8 Ethereum spot ETFs approved by the SEC, from institutions such as BlackRock, Fidelity, and Grayscale. However, although the form has been approved, ETF issuers need to make the S-1 registration statement effective before they can start trading. The SEC has just begun discussing the S-1 form with issuers, and it is not clear how long this process will take, but some analysts speculate that it may take weeks.

The approval of the Ethereum spot ETF will have a significant impact on Ethereum itself, the cryptocurrency market, and the traditional financial market. For Ethereum, the approval of the ETF will enhance its popularity, credibility, and legitimacy, bringing it closer to mainstream financial recognition and acceptance, which will attract more funds to flow into Ethereum, driving its price and market value growth. At the same time, the approval of the Ethereum spot ETF will also promote Ethereum's technological innovation and ecological development, encourage more developers and users to participate in the Ethereum platform and DApp, and increase its network effect and value capture. In addition, the approval of the Ethereum spot ETF will also provide more exposure and opportunities for other Ethereum-based cryptocurrencies, such as ERC-20 tokens and NFTs, to expand their market size and influence.

For the cryptocurrency market, the approval of the Ethereum spot ETF will provide a new, potential, and diversified investment tool for the traditional financial market, increasing its exposure and participation in cryptocurrencies. This will promote the interaction and integration of the traditional financial market and the cryptocurrency market, and accelerate the popularization and application of cryptocurrencies.

For the traditional financial market, the approval of the Ethereum spot ETF will provide a new investment tool to increase market diversification and liquidity. This will help improve market efficiency, reduce investment risks and provide investors with more choices.

$BTC $ETH $SOL
There may be a certain correlation between the attack on Trump and the surge in Bitcoin. Trump has always been a supporter of cryptocurrency, and his attack may have triggered the market's interest in and demand for Bitcoin. In addition, Trump's political stance and remarks may also have an impact on the price of Bitcoin.

In the United States, the cryptocurrency industry has become a source of political funds that cannot be ignored. A senior executive of a Bitcoin mining company once said that the cryptocurrency industry has promised to raise $100 million for Trump and plans to mobilize 5 million voters to support Trump. Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that Trump is more friendly to Bitcoin regulation and mining than Biden. As Trump's chances of being elected increase, Bitcoin is expected to rise to $100,000 in the November election and is expected to reach $200,000 by the end of next year.

It should be noted that the Bitcoin market is highly risky and uncertain, and prices fluctuate violently. Investors should fully understand the relevant risks when participating in Bitcoin investment and make prudent decisions based on their own risk tolerance and investment goals.

$SOL $BTC $ETH
As of 8:00 on July 4, 2024, the price of SOL coin (Solana) is as follows (from Binance trading platform):

- Price: $140.460
- Day range: $132.530 - $140.480
- 52-week range: $15.690 - $209.950
- Ask/Ask: $140.46 / 140.47
- Volume (24h): 2.19 billion
- Market value: $63.92 billion
- Total circulation: 461.9 million SOL

The price of SOL coins may change at any time. You can get the latest price information through relevant financial websites or cryptocurrency trading platforms.

In addition, on July 14, it was reported that Solana Blinks ecosystem meme project SEND stated that its Alpha Vault has ended, with a total deposit of more than 720,000 SOL. Users can withdraw unused SOL from Meteora after 4:20 pm UTC time.

The cryptocurrency market is highly volatile and risky, and its price is affected by many factors, such as market supply and demand, project progress, industry dynamics, policies and regulations, etc. Before making any investment, please be sure to fully understand the relevant risks and make prudent decisions based on your risk tolerance and investment goals.

$ETH $BTC $SOL
As of 8:00 on July 14, 2024, the AI ​​Express of Meijing showed that Ethereum broke through $2,300 per coin, up 3.77% in 24 hours.

The analysis article on July 9, 2024 pointed out that after the Dencun upgrade went online in March 2024, Ethereum's supply turned from deflation to inflation, but the current inflation rate is relatively low and has a neutral impact. On the one hand, inflation will gradually dilute investors' shares, and on the other hand, the reduction in transaction fees can increase the use of Ethereum, which may bring more demand and drive up prices.

Galaxy predicts that the net inflow of ETH ETF will reach 20-50% of the net inflow of BTC ETF in the first five months, with a target of 30%, which means a net inflow of $1 billion per month. After approving all 19b-4 applications on May 23, it is expected that the SEC will allow the Ethereum spot ETF to start trading in July 2024. Since most of the total ETH supply is locked in staking, bridging, and smart contracts, and there are fewer on centralized exchanges, ETHUSD is more price sensitive to ETF inflows than BTC.

Ethereum has a variety of features and application scenarios, such as:

- A fairer financial system: Ethereum's decentralized finance (DeFi) system never stops and does not discriminate. As long as there is an Internet connection, you can send, receive, borrow, earn interest, and even liquidity anywhere.

- Asset Internet: Anything on Ethereum can be represented, traded, and used using non-fungible tokens (NFTs).

- Open network: Ethereum services are open by default, and only a wallet is required. The application is not only free, easy to set up, and controlled by the user, but also does not require personal information.

The latest Ethereum network statistics shown on the Ethereum official website (data at 8:00 on June 19, 2024) are as follows:

- Total ETH staked: The total amount of ETH currently staked to protect network security is 32.85 million.

- Today's transactions: The number of transactions successfully processed by the network in the past 24 hours was 1.194 million.
- Value locked in decentralized finance (USD): The amount of money in the Ethereum digital economy and decentralized finance (DeFi) applications is $129.1 billion.
- Nodes: Ethereum is run by thousands of volunteers around the world, called nodes, and the number is 4,505.

$BTC $ETH $SOL
As of 12:27 on July 14, 2024, Cailian News reported that Bitcoin hit $60,000, the first time since July 4, up 1.38% on the day.

The recent volatility of the Bitcoin market is affected by a variety of factors. For example, the German government has sold hundreds of millions of dollars worth of Bitcoin for several weeks, 900 in June, 3,000 last week, and another 2,739 on July 8, which has had a significant impact on the price of Bitcoin. On July 5, it was reported that the bankrupt Japanese cryptocurrency exchange Mt. Gox transferred $2.7 billion from its cold wallet to a new wallet address. The exchange plans to start repaying creditors this month, and a total of $8.5 billion worth of Bitcoin will be returned to creditors. The market is worried that this will bring selling pressure. In addition, the Financial Supervisory Service of South Korea has developed a "continuous monitoring system" to identify suspicious cryptocurrency transactions, which will be officially launched on July 19.

The cryptocurrency market price fluctuates violently and the investment risk is high. Before making any investment, it is recommended to fully understand the relevant market and investment knowledge, and make prudent decisions based on your own risk tolerance and investment goals. At the same time, pay close attention to market dynamics and changes in relevant policies and regulations.

For more real-time news about Bitcoin, you can follow reports from relevant financial websites or media.

$ETH $BTC $SOL
As of July 2024, the U.S. Securities and Exchange Commission (SEC) has approved the 19b-4 forms of several spot Ethereum ETFs, including BlackRock, Fidelity and Grayscale, but ETF issuers still need their S-1 registration statements to take effect before they can officially start trading.

After the U.S. stock market closed on May 23, Eastern Time, the SEC announced that it approved the Ethereum spot ETF trading plans submitted by the New York Stock Exchange, the Chicago Board Options Exchange (CBOE) and Nasdaq. This means that U.S. regulators have given the green light to exchanges that intend to trade Ethereum spot ETFs, paving the way for Ethereum ETFs to be listed in the United States. However, the SEC's approval does not mean that the Ethereum ETF has been fully approved. According to the process, the SEC must approve 19b-4s and S-1 registration statements before the issuer can officially launch the ETF product. The SEC has not yet provided any feedback on another key document, the S-1 registration statement. Unlike the 19b-4 filing, the S-1 does not set a deadline by which the SEC must respond. Therefore, in theory, the SEC may also postpone the listing of the ETF indefinitely.

In the approval process of the Ethereum ETF, some key issues have been resolved. Since staking rewards are considered passive income for traders, several issuers have deleted the staking clause in the latest revised 19b-4 application, and the Ethereum spot ETF will not include staking.

The SEC's approval of the Ethereum spot ETF may have a significant impact on the Ethereum market. This move provides investors with a new investment option, and traditional market funds may further flow into the cryptocurrency market. The approval of the Ethereum spot ETF may also drive Ethereum prices up.

$BTC $ETH $SOL
The latest news about the German government's Bitcoin, according to Cailianshe on July 13, in the past 24 days, the German government address has sold all 50,179 BTC (about 3.3 billion US dollars). The address has transferred out 9,594 BTC (553.7 million US dollars) in the past 24 hours and received 500 BTC (28.6 million US dollars). The current BTC balance in the address is only 1.86 US dollars.

The latest news about Mt. Gox Bitcoin, according to the China Times on June 26, the Mt. Gox trustee announced on June 24 that it will start the repayment of Bitcoin (BTC) and Bitcoin Cash (BCH) in early July 2024. Data shows that as of June 24, the Mt. Gox trustee held about 140,000 Bitcoins, worth about 9.26 billion US dollars. On July 5, the Mentougou coin storage address transferred all 141,680 BTC to multiple addresses, suspected to be in preparation for repayment. This is the first time that the address has moved a large amount of BTC in 18 years.

$ETH $SOL $BTC
Regarding the German government's Bitcoin sales, according to on-chain data tracked by blockchain analysis company USDT wallet BOSSWallet Buy U Wallet, as of July 2024, the German government has sold Bitcoin through wallets operated by the country's Federal Criminal Police (locally known as Bundeskriminalamt or BKA), with the most recent sale occurring on July 4, transferring about $75 million worth of Bitcoin to exchanges such as Coinbase, Kraken and Bitstamp. Since mid-June, the German government has sold more than $390 million in Bitcoin in less than a month. In mid-January 2024, police in Saxony, eastern Germany, seized nearly 50,000 Bitcoins, which were worth about $2.2 billion at the time.

Regarding the compensation of Mentougou, the latest progress is that on the morning of May 28, 2024, a huge transfer record appeared in the Mt.Gox account address. In the next 6 hours, Mt.Gox successively transferred 10 transactions totaling 141,685 bitcoins, ranging from US$200 million to US$2.3 billion, with a total value of approximately US$9.8 billion. According to the statement of its trustee Nobuaki Kobayashi, repayments have begun to be made to some creditors in Bitcoin and Bitcoin Cash through some designated cryptocurrency exchanges.

$ETH $BTC $SOL
The Ethereum spot ETF is a traded open-end index fund based on the Ethereum spot market. Its approval may have the following effects on the Ethereum market:

- Price increase: The approval of the Ethereum spot ETF may attract more investors to the Ethereum market, thereby increasing market demand and driving up Ethereum prices. According to Bloomberg, some analysts believe that the approval of the Ethereum spot ETF may drive Ethereum prices up by 60% in the coming months.
- Increased market liquidity: The approval of the ETF will attract more traditional and institutional investors to the Ethereum market, thereby increasing Ethereum liquidity. This will make it easier for investors to buy and sell Ethereum and improve the transaction efficiency of the market.
- Increased investor confidence: The approval of the Ethereum spot ETF will provide investors with a safer and more convenient way to invest in Ethereum, which will enhance investors' confidence in the Ethereum market and attract more investors to enter the market.
- Accelerated market development: The approval of the Ethereum spot ETF will promote the development of the Ethereum market and promote the improvement of the Ethereum ecosystem. This will help the application and promotion of Ethereum in the blockchain field and improve Ethereum's market position.
- Intensified market competition: The approval of the Ethereum spot ETF will attract more financial institutions to enter the Ethereum market and intensify market competition. This will prompt financial institutions to improve service quality, reduce transaction costs, and provide investors with a better investment experience.

In general, the approval of the Ethereum spot ETF is a major positive for the Ethereum market and is expected to promote the development and maturity of the Ethereum market. But at the same time, investors also need to pay attention to market risks and do a good job of risk management.

$ETH $BTC $SOL
The latest news about Ethereum spot ETFs is as follows:

Asset management companies are optimistic that the U.S. Securities and Exchange Commission (SEC) will approve the first batch of spot Ethereum ETFs in mid-July. According to two people familiar with the matter, the SEC has told spot Ethereum ETF issuers that they must submit updated documents by July 8. There may be another round of applications after the round of applications that expired on Friday. The SEC provided the latest feedback to issuers last Friday, including some minor issues that issuers are currently working out.

On May 23, the U.S. Securities and Exchange Commission approved the Ethereum spot ETF trading plans submitted by the New York Stock Exchange, Chicago Board Options Exchange and Nasdaq, but this does not mean that the Ethereum ETF has been fully approved. Before the ETF is actually listed, the issuer of the relevant ETF must also get the SEC to approve its specific ETF listing plan, that is, the S-1 registration statement. The SEC must approve 19b-4s and S-1 registration statements before issuers can officially launch ETF products.

Several companies, including BlackRock, Fidelity Investments, 21Shares, and Invesco Galaxy, have applications pending approval. In a revised S-1 filing with the SEC, Invesco Galaxy officially set the transaction fee for its spot Ethereum ETF at 0.25%. Franklin Templeton and VanEck previously set their fees at 0.19% and 0.2%, respectively.

In addition, more than $650 million flowed into U.S.-listed BTC spot ETFs in the three trading days since the 6th. On June 29, it was reported that the U.S. SEC may consider Lido and Rocket Pool staking projects to be securities, but this did not prevent the rise of ETH ecosystem tokens such as ENS and SSV during the market rebound, and ENS broke through the highest level in the past 29 months.

$BTC $ETH $SOL
According to news on July 9, analyst Alex Krüger said that the German government has gradually sold 50,000 bitcoins since the end of June this year. From June 19, they sold in small batches, and on the 9th, they significantly accelerated the sales process, transferring 16,038 bitcoins to distributors and exchanges, and the selling pressure caused the price of Bitcoin to fall by 3.5% (US$2,000). As of now, the German government's bitcoin balance has dropped to 23,788, which means that Germany has entered the final stage of bitcoin selling. Alex Krüger believes that these bitcoins will eventually be sold.

In addition, according to reports on July 3, the German government recently sold bitcoin again, transferring 650 BTC (about US$40.29 million) to exchanges Coinbase, Bitstamp and Kraken. Prior to this, the German government had transferred about $150 million worth of Bitcoin to Bitstamp and Kraken exchanges in the past month. Its continuous selling behavior has had a certain suppression on the upward trend of Bitcoin prices.

The cryptocurrency market is volatile, and the above information is for reference only and does not constitute investment advice.

$ETH $BTC $SOL
Here are some of the latest news about Ethereum:

- According to Golden Finance on July 10, Bitwise Chief Business Officer Katherine Dowling said that the spot Ethereum ETF is "close to the finish line," while noting that the U.S. Securities and Exchange Commission (SEC) is "very welcome" to discussions about other products. Dowling told Bloomberg that the SEC and ETF issuers are addressing fewer and fewer issues in each S-1 amendment, indicating that the release date of both parties is getting closer.
- On July 9, Ethereum stood at $3,100, and the intraday increase expanded to 5%; Bitcoin rose 3.7% and rebounded to around $5,800. (Source: Meijing AI Express)

Ethereum is a community-driven technology platform that powers the cryptocurrency Ether (ETH) and numerous decentralized applications. It has the following features:

- A fairer financial system: Ethereum's decentralized finance (DeFi) system never stops and is non-discriminatory. As long as there is an Internet connection, you can send, receive, borrow, earn interest and even provide liquidity anywhere.

- Asset Internet: Ethereum is not limited to digital currency. Anything can be represented, traded and used in non-fungible tokens (NFTs), such as tokenizing artworks and automatically receiving royalties every time they are resold, or using tokens of all things to take loans.

- Open network: Ethereum services are open by default, and only a wallet is needed to use applications. These applications are not only free, easy to set up, and controlled by users, but also do not require personal information.

As of 21:30 on July 10, 2024, Investing.com data showed that the price of Ethereum was $3,377.25, a drop of 0.35%. Its intraday price range is $3,375.69 to $3,389.51, and its 52-week price range is $1,523.78 to $4,091.28; its 24-hour trading volume is $6.49 billion, its market value is $406.32 billion, and its total circulation is 120.18 million.

$IO $BTC $ETH
IO.NET is a decentralized physical infrastructure network (DePIN) project built on Solana, which aims to provide computing power at low cost and faster processing time. It brings together spare GPU computing power from various sources and aims to revolutionize the field of AI and ML.
On the positive side, IO coins have the following advantages and potential:

- Combining AI and DeFi: IO.NET is a cloud computing project that combines artificial intelligence (AI) and decentralized finance (DeFi). The AI ​​field has great development potential, and AI-related tokens have risen significantly this year.
- Solving the computing power problem: By aggregating underutilized computing resources, a large amount of computing power is provided for fields such as AI and machine learning, solving the problem of insufficient computing power resources.
- Distributed physical infrastructure network: The introduction of the distributed physical infrastructure network (dePIN), combining resources from various providers, enables engineers to obtain a large amount of computing power in a customizable, cost-effective and easy-to-implement way.
- Partners and cooperative projects: It has cooperative relationships with projects such as FIL and Render, and can power the most innovative industries such as artificial intelligence and self-driving cars.
- Token economic model: IO coins have certain economic incentive mechanisms, with a maximum supply of 800 million. 500 million tokens will be issued when the project is released, and the remaining 300 million tokens will be gradually issued in the next 20 years until the upper limit is reached. A programmatic token destruction system is adopted to control the supply of tokens and maintain their value.

However, some risks and challenges should also be noted:

Fierce market competition: The market competition for cryptocurrencies and related projects is very fierce, and there are many similar projects competing for market share.
Technology development and implementation: Although the concept and technology of the project are innovative, the actual technology development and implementation still need time to verify.
Uncertain regulatory environment: The regulatory environment in the field of cryptocurrency varies in different countries and regions, which affects the development of the project.
Project execution and development: The success of the project also depends on the team's execution ability, technology research and development, market promotion and other aspects

$IO $BTC $ETH
The technical principle of IO Coin (IO.NET) is based on a decentralized network architecture, which aims to utilize idle GPU resources in a distributed framework to provide cost-effective computing power for AI and ML practitioners. Its specific operating mechanism is as follows:

1. Aggregation: IO.NET aggregates available GPU resources from data centers, cryptocurrency miners, and decentralized storage providers to create a huge pool of computing power. By integrating these underutilized resources, including independent data centers, individual cryptocurrency miners, and excess resources participating in other crypto projects such as Filecoin and Render, the platform is able to obtain a large amount of GPU computing power.
2. Dual Token System: A dual token economy consisting of and tokens is used to incentivize network participation and provide providers with rewards based on their contributions and uptime. Among them, is the main functional token, which is used to pay for the rental of computing resources (including GPU usage fees), various services and handling fees on the network; it is also used to issue rewards to users who provide GPU computing power or participate in maintaining the network to encourage them to continue to contribute resources; at the same time, token holders can also participate in the governance decisions of the IO.NET platform, including voting rights, to influence the future development direction and policy adjustments of the platform.
3. Job deployment: Users such as machine learning engineers or data scientists deploy their computing jobs to the network and specify their requirements, such as computing power, memory, network bandwidth, etc.
4. Resource allocation: The platform dynamically allocates these jobs on available GPU resources to ensure optimal utilization based on the complexity of the task and the hardware capabilities. The allocation of resources takes into account factors such as cost efficiency and geographic location to optimize the speed and cost of task execution.
5. Execution and monitoring: After deployment, the system can effectively manage job execution, allowing users to monitor progress and collect results after completion.
6. Governance: Although IO.NET is developed by a specific team, the governance model implies a decentralized approach that may allow token holders to participate in future decision-making processes.
This framework not only simplifies access to high-performance computing for AI research, but also introduces a scalable, community-driven approach to managing and leveraging the global GPU estate.