Keep in mind that Bitcoin’s short-term holder realized price (STHRP) is $30,900. During bull markets and uptrends,#BTCuses STHRP as dynamic support. In other words, we could be down -20% from here, but the bull thesis remains intact from an on-chain perspective. #BTC
Why is Solana rising? “SOL price increases will continue”
Solana (SOL), a strong competitor to Ethereum (ETH), surged nearly 40% over the past week to hit a new high this year. SOL, the seventh-largest token by market capitalization, was trading at $57.67 as of 9:07 a.m. Korean time on November 12, according to data from global cryptocurrency market relay website CoinMarketCap. This price is 36.09% higher than a week ago. SOL surged to $63.42 on the day, once again breaking its previous record. The market value also increased to US$23.6 billion, widening the gap with competing blockchains and the eighth largest token by market value, Cardano (ADA, with a market value of approximately US$13.5 billion). Cryptocurrency media Cointelegraph said, “The price of Solana SOL surged 40% this week, setting its highest weekly performance since January 2023.” “The rise in SOL price was due to the Bitcoin Exchange Traded Fund (Bitcoin Exchange Traded Fund). Fund). “This is due to an upward trend in the broader cryptocurrency market and an overall increase in risk appetite.” Cointelegraph cited the fact that FTX sell-off fears were unable to shake Solana’s strength as the reason for SOL’s rise. According to media reports, FTX is selling between 250,000 and 750,000 SOL tokens per day. Concerns about the Solana sell-off have been alleviated by the limited impact and weekly sales limit ($100 million), and the concerns have turned into investor enthusiasm. In fact, Solana-focused funds — one of the SOL Markets institutional fund flow indicators — saw $10.8 million worth of inflows in the week ending November 3, according to CoinShares data. Cointelegraph continued, “Solana futures open interest (OI) has reached $772 million (the highest level since November 2021, when Solana price hit an all-time high of $260), generating market interest and potential liquidity. In addition, the increase in the financing rate of 0.035% indicates strong bullish sentiment among investors and high interest in leveraged longs. In other words, most derivatives traders believe that the SOL price increase "we expect it to continue further", He said. Cointelegraph also stated that “Solana’s rise this week appears to be part of a bullish breakout movement. In particular, the price of SOL broke above the horizontal trendline resistance of the ascending triangle channel two weeks ago.In the event of an ascending triangle base reversal, SOL price upside targets around $90 by the end of the year, a 50% upside from current price levels, but sellers will pin their hopes on the weekly Relative Strength Index (RSI), which At its most overbought level since September 2021. Hence the pullback. “The risk is high, and a pullback could occur around $30, which is the upper trendline of the triangle.” At the same time, according to cryptocurrency media Daily Issues, a cryptocurrency that predicted the lowest price of Bitcoin (BTC) during the 2018 bear market Currency trader Bluntz expects Solana to continue rising to $137. He diagnoses Solana as continuing to show strong momentum after breaking out of the downward channel. Previously, global asset manager Van Eck released a report that included an optimistic scenario that the price of SOL could reach $3,200 by 2030. Solana’s all-time high was $260.06, recorded on November 7, 2021, according to CoinMarketCap. #SOL
I don't think everyone in the world can play with ETH dollars for free. The lowest fruit yields the least risk... and theoretically gives the least reward. It’s impossible to imagine $eth breaking out to $2,500 without first incurring months of painful hacking and more opportunity costs. BTW, I hold ETH. You just can't look me in the eye and say this doesn't impress me For the average person who isn't constrained by liquidity issues, allocating just $eth and not (literally) anything else is next to nothing. It also feels weird having to explain this, but... If you are not a day/week trader, you may not be affected by the noise. Buying with the expectation that prices will rise more than 12 months from now puts you in a completely different position and expectations. #ETH
When we look at the RSI indicator, we see that $BTC has formed some bearish divergences on the daily chart, and these could be signs of a sharp pullback in the coming days. Let us know your thoughts in the comments below⬇️
SAG deal sends a clear message about AI and workers
On Monday, leadership of the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) held a members-only webinar to discuss the union's tentative contract with the Motion Picture and Television Producers Alliance last week (AMPTP). If approved, the contract would formally end the longest strike in the guild's history. For many in the industry, artificial intelligence is one of the most controversial and frightening components of the strike. Over the weekend, SAG released details of their agreed AI terms, a broad set of protections requiring consent and compensation from all participants, regardless of their status. With this agreement, SAG goes further than the Directors Guild of America (DGA) or the Writers Guild of America (WGA), who preceded them in reaching an agreement with AMPTP. This is not to say that SAG has succeeded where other unions have failed, but rather that participants face direct, existential threats from advances in machine learning and other computer-generated technologies. SAG transactions are similar to DGA and WGA transactions in that they require protection against any use of machine learning tools to manipulate or exploit their work. All three unions claim their AI agreements are "historic" and "protective", but whether one agrees with this or not, the agreements serve as important signposts. Artificial intelligence isn’t just a threat to writers and actors, it will have an impact on workers in all fields, creative and otherwise. For those who look to Hollywood's labor fights as a blueprint for how to handle artificial intelligence in their own disputes, it's important that these deals have the right protections, so I understand those who question them or push for them to be more restrictive. I am one of them. But there is a point where we are pushing for things that cannot be accomplished in this round of negotiations, and may not need to be pushed at all. To better understand what the public generally means by artificial intelligence and its perceived threats, I spent several months during the strike meeting with many leading engineers and technologists in the machine learning field, as well as those in big tech and copyright law. Legal scholars spoke.What I learned essentially confirmed three key points: First, the most serious threats are not the ones we hear about the most in the news—most of the people negatively affected by machine learning tools are not the privileged, but the underprivileged. — working class workers and marginalized groups and minorities due to the bias inherent in technology. The second point is that studios are just as threatened by the rise of big tech and the unregulated power of the creative workforce, which I wrote about at length before the strike, WIRED's Angela Watercutter This is neatly illustrated here . Both lead to a third point, which is most directly relevant to trading in AI: There is no ironclad legal language that adequately protects artists (or anyone) from exploitation involving machine learning tools. When we hear artists talk about fighting AI on legal grounds, they are either suing for copyright infringement or asking tech companies to stop feeding creative works into their AI models. Neither approach works in the current environment. Copyright law is designed to protect intellectual property holders, not creative individuals, and most such infringement lawsuits are unlikely to succeed or, if successful, are unlikely to result in enforceable new laws. This became clear when the Writers Guild lost its copyright lawsuit against Google in 2015; their new set faces similar challenges, as discussed below. The need to control the ability of AI to train an artist’s work exposes a fundamental lack of understanding of how these models and the companies behind them work, because in an age where everything is already being ingested online, it’s impossible to stop who scrapes what . It also relies on trusting tech companies to police themselves and not ingest works they've been told not to, knowing it's nearly impossible to prove otherwise. Tech entities like OpenAI are black boxes, and like all major big tech companies, they disclose little to nothing about how their datasets work. That doesn’t mean we shouldn’t fight for greater transparency and reform of copyright protections. However, it's a long and uncertain game that requires government entities like the FTC willing to fight deep-pocketed lobbyists to block meaningful legislation targeting Big Tech bosses.Progress will eventually be made, but it will certainly come too late for a labor crisis that is hurting so many. The lack of enforceable laws binding big tech companies doesn’t mean these deals are meaningless compromises, far from it. There is tremendous value in a workforce that is adamant about having its terms written into contracts. Studios could find loopholes in some of this language if they chose, as they have in the past, but they would be in breach of agreed upon contracts and would face publicly humiliating lawsuits from influential and beloved artists, as well as the possibility of another long-term and A costly strike. What's historic about these Hollywood deals is that they make clear what creatives will and won't tolerate from companies. Solidarity behind this statement is hugely influential, even if it cannot be fully enforced. It sends a message to other industry unions, several of which are facing upcoming contract negotiations, and to the labor movement as a whole: Workers will not tolerate being exploited and displaced by the rapid development of Big Tech. What AMPTP shouldn't ignore is that it may soon find itself with similar demands on its own survival as big tech companies, which are more than ready to circumvent or gobble up traditional studios. Over the weekend, there were calls for SAG members to reject the contract based on its artificial intelligence provisions. I will vote to ratify, as I did with the DGA and WGA agreements, not because the terms are perfect or ironclad, but because the agreement makes sense and works. There is no practical and straightforward solution that has not yet been solved. It's time to get back to work. This isn’t a battle that ends with the current strike; it’s still early in the tech era, and there are both painful disruptions and huge benefits to come. The SAG agreement, combined with the DGA and WGA agreements, is a major early blow to Labour's bid for a fair and just position in the new world#人工智能
#Ethereum faces final resistance. A break above $2,150 signals the end of the bear market, as the level is equivalent to #Bitcoin’s $30,000 mark. If it breaks out, then we could see a move towards $3,100-$3,600. #BTC #Ethereum2025
Cryptocurrency Circle: Saylor predicts a Bitcoin youth craze! The halving in 2024 will be the trigger point, and the explosion period will come in 2028!
The future of Bitcoin is quietly brewing a huge change, and the bold words of Saylor have painted a brilliant picture of this future. Let’s take a look at the unique perspective of this Bitcoin loyalist. Recently: Bitcoin’s halving triggered a frenzy and became a mainstream asset among teenagers! The Saylor master saw the opportunity of the Bitcoin halving in 2024 and predicted without hesitation that Bitcoin would usher in a teenage craze at this time. He believes that monthly demand will grow like an avalanche, perhaps reaching an astonishing 10 times! The supply halving in April directly led to a substantial adjustment in the price of Bitcoin. Mid-term: Large companies compete to adopt it, and Bitcoin enters a high-growth stage! From 2024 to 2028, it will be the golden period when Bitcoin enters the high growth stage. The world’s largest technology companies and banks will widely adopt digital assets and integrate them into their products and services. Giant companies such as Apple and Meta may compete to buy Bitcoin in order to obtain huge profits, and Wall Street and major financial institutions will also join the competition and provide various services. Long term: Bitcoin price doubles and doubles again, becoming the king of investment! Looking to the longer-term future, Saylor’s big boss said that Bitcoin will surpass everything. He predicted that Bitcoin will grow faster than the S&P 500 Index and diversified investment portfolios, calling for the price of Bitcoin to "double, double, and double" to reach US$1 million or US$2 million per coin, and may even soar to $10 million! He firmly believes that Bitcoin will become the king of investment and the superstar pursued by investors! The micro-strategy company founded by Saylor has been further and further down the road of Bitcoin and is now part of the company’s financial strategy. The market value of Bitcoin held is as high as US$5.88 billion, and unrealized profits have reached US$1.22 billion. #BTC
According to ChainCatcher news, on-chain analyst ZachXBT tweeted that 27 million USDT was stolen from the crypto wallet related to the Binance deployer yesterday. The USDT was converted into ETH shortly after the theft and was transferred to the currency mixer FixedFloat and non-custodial encryption. Exchange platforms such as ChangeNow carry out money laundering and cross-chain to the Bitcoin network through THORChain. #BTC