Does ETH still have a future? The founder is coming out #Axs

$AXS Axie Infinity is built on the ETH network, but the ETH chain is congested and the high gas fee makes the transaction cost too high. For game applications, what is needed is fast and cheap transaction fees, so as to ensure a friendly user experience. In order to achieve better development of Axie Infinity, Sky Mavis, the founding team of Axie Infinity, developed the Ronin sidechain. An ETH sidechain developed specifically for Axie Infinity ensures that users can freely transfer assets to other chains. When players play Axie games, Axies are deposited through smart contracts on ETH. Once Axies exist in the contract, they will be available on the Ronin chain. The Ronin sidechain is an independent blockchain compatible with ETH, running in parallel with the ETH mainnet, with its own consensus mechanism PoA authority proof.
PoA is a reputation-based system that can ensure fast and seamless transactions on the chain due to its limited number of validators and relatively centralized nature, and can be confirmed almost instantly.
Validators are carefully selected by the team based on their credibility.
Unlike proof of stake, if a validator misbehaves or negatively impacts the network, they lose credibility rather than tokens. #内容挖矿

What is the Federal Reserve?
Before understanding the concept and impact of the Federal Reserve's interest rate hikes and cuts, we first need to know what the Federal Reserve is. The Federal Reserve (Federal Reserve), also known as the Federal Reserve Board of the United States, is the central banking system of the United States, consisting of 12 regional Federal Reserve Banks. Its goal is to stabilize prices and maximize employment by regulating monetary policy. Indicators such as inflation and employment rates are crucial to economic health, and they are also indicators that investors and market participants pay close attention to to judge economic prospects and investment risks. Therefore, as the central bank of the United States, the Federal Reserve has a huge influence on the financial market. So how does the Federal Reserve exert its influence? It is because it mainly affects the economy by adjusting interest rates through the following monetary policy tools, that is, raising or lowering interest rates: Raising interest rates means raising the cost of borrowing between banks, thereby raising the interest rates of commercial banks' loans to businesses and individuals: When the Federal Reserve raises interest rates, the deposit interest rate of the US dollar rises, and depositors receive higher interest income, resulting in capital inflows into the United States, reducing investment in other countries, worsening the economic environment, and rising unemployment. High interest rates also increase borrowing costs, leading to an increased risk of default for businesses and individuals, which may trigger corporate bankruptcy. Lowering interest rates, on the contrary, will reduce deposit rates and borrowing costs: when the Fed cuts interest rates, the US dollar deposit rate falls, capital flows out of banks and flows to other countries, promoting global investment and economic recovery. #内容挖矿

Lessons from the COVID-19 Selloff

The last time markets collapsed like this was on March 12, 2020. That was the day the world realized COVID was a big deal.

In case you forgot, let me remind you: it was chaos.

On March 12, the Dow Jones Industrial Average fell 2,353 points, its biggest one-day drop since 1987. Tech stocks and commodities fell sharply. We all thought the global economy was coming to an end. The next morning, the president declared a national emergency.

Of all assets, Bitcoin fell the most, dropping 37% from $7,911 to $4,971. It was a thrilling one-day move that wiped out a year's gains in 24 hours.

It felt like we might never recover. The media claimed that Bitcoin had failed as a hedge.

Then something remarkable happened. As world leaders took steps to stabilize their economies—cutting interest rates, printing money—Bitcoin began to rise. A year later, Bitcoin traded at $57,332, up more than 1,000%.

In retrospect, March 12, 2020 was not a day to panic. It was the best time to buy Bitcoin in a decade.

In hindsight, it’s easy to see why. Bitcoin didn’t fundamentally change because of the pandemic. The maximum number of Bitcoins (21 million) was the same on March 11 as it was on March 12. You didn’t need to rely on any bank, government, or company to store your wealth in Bitcoin on March 11, and the same was true on March 12.

At the same time, the pandemic also made more reasons for Bitcoin’s long-term rise. It showed that central banks would come to the rescue of economies at the first sign of trouble. It demonstrated the limitations of centralized institutions. And it reminded us that the future will be more online and digital.

These changes all suggest that Bitcoin will continue to become more important, not less important. And in the long run, it has.

I see the same scenario today. #内容挖矿

On August 5, the crypto market suffered a "Black Monday". Bitcoin fell 15% in 24 hours to below $53,000; Ethereum fell 30% in 24 hours to around $2,100, wiping out the gains since 2024; other altcoins fell even more miserably.

In the past week, the crypto market has experienced the largest sell-off in nearly a year. Bitcoin fell from $70,000 to more than $52,000, and Ethereum fell from $3,300 to $2,100. The market value of the entire crypto market fell by nearly $500 billion. #内容挖空

US presidential candidate Kennedy: If elected, the United States will be required to buy 550 BTC per day
Robert F. Kennedy Jr., an independent candidate for the US president, said that if elected president, he would sign an executive order requiring the United States to buy 550 BTC per day to establish a reserve of 4 million BTC.
In addition, he will sign an executive order instructing the IRS to issue public guidelines stipulating that all transactions between Bitcoin and the US dollar are non-reportable and tax-free transactions. He will also order the transfer of 200,000 Bitcoins to the US Treasury to hold them as strategic assets.
Robert Kennedy Jr. said: "I do not represent the color camp (Democratic Party), the red camp (Republican Party), or the purple camp (swing states), he is the orange camp (the representative color of Bitcoin) #内容挖矿 $BTC

#E0S New Token Allocation Rules and Future Direction
At the first level, node bp allocates 12.4 million EO S per year, accounting for 16.45%; at the second level, E0S.saving, allocates 63.3 million EO S per year, accounting for 83.55%. The saving account is then allocated again, of which EO S pledge mining allocates 34.08 million EO S per year, accounting for 53.71%, EO S network foundation ENF allocates 17.85 million per year, accounting for 29.55%, and labs allocates 10.62 million per year, accounting for 16.74%. The above excludes the one-time issuance of 350 million EO S related to RAM market making and 15 million EO S for middleware development costs.
The above allocation is halved every four years, and the total amount of EO S is limited to 2.1 billion, and no more issuance will be made in the future.
The future focus of EO S should be financial-related fields, especially the exsat project, docking with#BTCsecond layer or 1.5. RAM, as the basic physical implementation of the exat project, should also perform well. Of course, this all depends on the final result of the exsat project.
#内容挖空

How high will Bitcoin go?

43.7% of cryptocurrency participants expect Bitcoin to break $100,000 this cycle, indicating relatively high expectations for the largest cryptocurrency by market cap. The next most popular Bitcoin price prediction is the $91,000 to $100,000 range, chosen by 17.0% of survey respondents. On the other hand, 15.0% are pessimistic, predicting a maximum price of just $75,000 for this cycle.

The remaining 24.3% of participants are more conservative in their expectations for Bitcoin, predicting it will rise to between $76,000 and $90,000.

Notably, more experienced cryptocurrency participants seem to have higher expectations for Bitcoin: 50.5% of second-round participants and 51.8% of veterans predict Bitcoin will break $100,000, compared to only 35.2% of newcomers.

Cryptocurrency newbies have lower expectations for Bitcoin, with 30.9% predicting a peak price of $80,000 for this round, while only 16.1% of second-round participants and 19.8% of veterans have the same prediction.

Investors are again the most optimistic, with 49.4%, or nearly half, predicting Bitcoin will break $100,000 in the current cycle. In contrast, 33.9% of traders, 32.6% of creators, and 22.4% of bystanders predict Bitcoin will break $100,000.

Bystanders in particular have the lowest expectations for Bitcoin, with the highest percentage at 31.5%, who predict that Bitcoin will only rise to $75,000. #内容挖空 $BTC #

$EOS Is anyone still playing this coin? Show your cost price. I have 1.5U

$EOS At what price did you buy EOS?