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ETH
is currently at a strong support area. When measured using Fibonacci, the price of ETH is at the 0.718 level, meaning the current price is at its lowest point. This is the right time to take a buy position.
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AI Tokens Soar: Web3 x Artificial Intelligence Narrative Dominates Altcoin Market
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📰 Ethereum Records Activity Surge: Investor Optimism Rises Ahead of EIP-7706 Launch Etherium has once again stolen the market’s attention after its network activity increased drastically in the past 48 hours. This surge occurred ahead of the implementation of the latest proposal, EIP-7706, which promises higher efficiency in gas usage for complex Layer-2-based transactions. According to data from Etherscan and Glassnode, the daily number of Ethereum transactions reached 1.86 million, the highest since early March. This increase was also accompanied by an increase in DEX volume and a surge in validator staking, indicating medium-term optimism from institutional investors. 🔍 What is EIP-7706? This proposal introduces a more adaptive gas pricing scheme for multi-layer smart contracts. This innovation is expected to: Reduce Layer-2 transaction fees by up to 40%, Increase throughput by up to 15%, and Pave the way for real-time rollup integration. 📈 Impact on ETH Price Along with the positive sentiment, ETH price has risen +6.4% in the past week, breaking through the psychological level of $3,600 again. Some analysts predict the potential for further rally if the implementation goes smoothly on the mainnet in mid-July. 💬 Community Comments "EIP-7706 could be the next big catalyst after Dencun. Layer-2 will become more efficient, and that means Ethereum will become more dominant." — @EthLayerBuild, L2 ecosystem developer 🚨 Stay Alert Although the medium-term outlook looks bullish, investors are still advised to pay attention to market volatility and follow the latest technical developments from the Ethereum Foundation. Want to stay updated with crypto developments? 📲 Keep following Anonymous Trader – a trusted source of news on Web3 and blockchain. #etherium #BinanceAlphaAlert
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$USDC USD Coin (USDC) is a stablecoin designed to maintain a 1:1 value against the US dollar. As a stablecoin, USDC does not usually experience significant price fluctuations like other cryptocurrencies. Therefore, USDC price predictions tend to show stability around $1. Although the price of USDC is expected to remain stable, developments in the crypto industry may affect the adoption and use of this stablecoin. For example, predictions suggest that by 2025, there will be at least 10 approved altcoin ETFs, which could increase institutional interest in crypto assets, including stablecoins like USDC. In addition, factors such as government regulation, technological innovation and integration with the traditional financial system may influence the future role of USDC. It is important for investors and users to monitor these developments to understand their impact on the stablecoin ecosystem.
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#BitcoinPolicyShift The President of the United States, Donald Trump, recently signed an executive order to establish a national "Strategic Bitcoin Reserve". This reserve will be funded through bitcoin assets seized in criminal and civil legal proceedings, as well as additional acquisition strategies that do not burden taxpayers. This move marks a significant shift in the US government's policy towards cryptocurrencies, given that Trump was previously known to be skeptical of digital assets. David Sacks, the official in charge of AI and cryptocurrency policy at the White House, called this reserve a "digital Fort Knox". In addition, Trump announced the creation of a “US Digital Asset Reserve” that will hold various other cryptocurrencies such as ether, XRP, solana, and cardano. This move aims to diversify the government's financial assets and attract cryptocurrency industry activity to the US. While this move is considered significant, some industry players had hoped that the US government would take more aggressive action, such as making large purchases of bitcoin. However, this executive order emphasizes the acquisition of digital assets without increasing the burden on taxpayers' budgets. The US move follows in the footsteps of other countries that have adopted similar policies. In 2021, El Salvador became the first country to make bitcoin legal tender. However, in January 2025, El Salvador reformed the law following an agreement with the International Monetary Fund (IMF), making bitcoin acceptance voluntary. With this new policy, the US could potentially lead the way in the integration of cryptocurrencies into the global financial system, although challenges and debates regarding the regulation and management of digital assets remain.
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#TexasBTCReserveBill #BTC Texas legislators have taken a significant step in Bitcoin adoption by introducing a bill to establish the state's Strategic Bitcoin Reserve. The bill aims to make Bitcoin a reserve asset that can serve as a hedge against inflation and economic instability. Senator Charles Schwertner filed Senate Bill 21 (SB 21), which has been passed by the Senate Business and Commerce Committee unanimously. The bill now awaits a vote on the Senate floor. In addition, the Deputy Governor of Texas, Dan Patrick, has set SB 21 as a legislative priority for the 2025 session, emphasizing the importance of this initiative to the state. The bill also allows external Bitcoin donations, with different provisions regarding contributors. Despite several states rejecting similar initiatives due to the volatility of cryptocurrencies, Texas is forging ahead with its plans, potentially positioning itself as a leader in the adoption of digital assets in the US. However, this proposal is not free from criticism. Some argue that investing in Bitcoin could be risky and incompatible with Texas' conservative fiscal policies. They are concerned that this move might benefit cryptocurrency executives and potentially hurt taxpayers. This development shows that Texas seeks to be at the forefront of digital innovation, despite facing challenges and controversies regarding the adoption of cryptocurrencies as part of the state's financial reserve strategy.
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