Market & Macroeconomics • Bitcoin dropped below $115,000, triggering ~$400M in liquidations. The key driver: anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium (Aug 21–23). Any hint of tighter monetary policy could shake the crypto market. • At the same time, stablecoin liquidity has grown to $160B, with $32B already sitting on exchanges. This is “dry powder” — capital waiting to enter the market once conditions look favorable.
Cryptography: The Art of Secrets in the Digital Age
Cryptography is the science of protecting information. Since ancient times, people have tried to keep their messages secret: from Caesar’s simple substitution cipher to the advanced algorithms that now secure billions of transactions online.
The core idea is simple — only the intended recipient should be able to read the message. In the past, this meant rearranging letters or inventing secret alphabets. Today, it relies on complex mathematics that is nearly impossible to break.
Modern cryptography powers everyday life: • it secures messages in chat apps, • protects bank cards, • and keeps passwords and personal data safe.
One of its most powerful concepts is public-key encryption. Everyone has two keys: a public one to encrypt messages and a private one to decrypt them. This allows strangers to communicate securely without ever meeting.
In short, cryptography is the invisible guardian of the digital world. Without it, the internet would be unsafe, and online life as we know it would hardly exist.
Bitlayer is a Layer 2 network built on Bitcoin, combining BitVM + Zero-Knowledge proofs to bring Turing-complete smart contracts while inheriting Bitcoin’s unmatched security.
✨ Key highlights: • EVM compatibility → easy dApp migration • PoS validators + Bitcoin finality for security • DeFi, NFTs & gaming powered directly on BTC • Already processing hundreds of thousands of tx/day with $550M+ TVL
🔗 The future of Bitcoin isn’t just digital gold — with Bitlayer, it’s a full ecosystem. #Bitlayerlabs