BitTrading

Original link: https://mp.weixin.qq.com/s/uM1diLBYHIys8x2RIMVVdQ

Author: Ggg, Redline DAO

Editor: Alyson, Redline DAO

*The full text is about 3,500 words, and the estimated reading time is 8 minutes

introduction

With the Federal Reserve raising interest rates and a series of thunderstorms, Crypto has ushered in another round of deep bears. Going back to 2018, after ICO was regulated, the market value of the Crypto industry fell by 80%. Then DeFi innovation appeared, and Crypto once again tripled the ATH of the previous cycle. Thanks to the high transparency and excellent capital efficiency of Blockchain, the Crypto industry is self-correcting and iterating at an extremely fast speed. Similarly, the NFT market is shuffling, ruging and building round after round at an extremely fast speed:

Summary

"Not your key, not your coin", regardless of smart contract wallet or personal account wallet, the private key has absolute control over the wallet. Once the private key is lost, our wallet is completely exposed to risks.

The private key is the basis of the wallet, and the mnemonic phrase is the recovery solution for the private key, which is also the current obstacle to the development of the wallet.

The helpless word memory solution brought by MPC and social recovery is the basis of Mass Adoption

More possibilities for future wallets, expectations for EIP-4337

text

In 2010, Vitalik Buterin, the founder of Ethereum, had a warlock account in World of Warcraft. One day, Blizzard decided to drastically reduce the warlock character and remove the magic damage part of the life siphon spell. He cried himself to sleep, and on that day, realizing the horrors of centralized servers, he decided to quit and create the decentralized network Ethereum. In November 2022, FTX, the world's largest derivatives exchange, was exposed to have misappropriated user funds. The founder SBF was arrested by the Bahamas police and was prepared to be transferred to the United States for trial.

Highlights this week:
On March 5, the U.S. SEC will make a decision on Fidelity’s Ethereum spot ETF application on March 5.
On March 8, the United States released non-agricultural data for February.
On March 8, the Uniswap Foundation opened a vote on activating Uniswap protocol governance
This month’s focus is on:
At 21:55 on March 13 (UTC+8), Ethereum will undergo the Cancun (Dencun) upgrade on the main network.
At 02:00 on March 21 (UTC+8), the Federal Reserve announced its interest rate decision
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.20%, and 7-day change volume is 1.77%
2.USD Coin (USDC) 24-hour change volume -0.01%, 7-day change volume 2.33%

Over the past few years, we have witnessed rapid growth in the crypto market, which has led us to recognize the need to rethink our brand positioning. Today, we are proud to announce that the Redline DAO Fund has been officially upgraded to Redline Labs, which symbolizes a new transformation in our investment form - from simple investment to all-round project incubation.

Redline Labs is committed to being a strong backer of high-quality innovative projects. We will provide all-round support for the portfolio project, from capital investment to market operations, Token liquidity management, and more value-added services. Our goal is to provide promising projects with all the resources and support they need to help them grow and succeed faster.

Highlights this week:
On January 22, the court hearing between the US SEC and Binance
At 16:00 on January 23 (UTC+8), BSC plans to conduct a Kepler hard fork on the main network.
On January 25, the U.S. SEC will make a decision on Grayscale Ethereum spot ETF conversion application
At 18:00 on January 25th (UTC+8), Binance will list AltLayer (ALT) on January 25th.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume -0.19%, 7-day change volume -0.44%
2.USD Coin (USDC) 24-hour change volume -0.08%, 7-day change volume 0.71%
3.Dai (DAI) 24-hour change volume -0.18%, 7-day change volume 0.87%
4.TrueUSD (TUSD) 24-hour change volume -0.22%, 7-day change volume -8.38%

Highlights this week:
At 14:32 on January 17 (UTC+8), Ethereum developers plan to upgrade Dencun on Goerli
January 18, The 179th ACDE meeting is scheduled to be held on January 18
eToro terminates crypto custody services in Germany on January 21
Stablecoin situation:
1.Tether (USDT) 24-hour change volume -0.01%, 7-day change volume 1.46%
2. USD Coin (USDC) has a 24-hour change of 0.10% and a 7-day change of -0.23%
3.Dai (DAI) 24-hour change volume -0.48%, 7-day change volume -0.83%
4.TrueUSD (TUSD) 24-hour change volume is 0.10%, and 7-day change volume is -7.00%
5. First Digital USD (FDUSD) 24-hour change volume is 0.18%, and 7-day change volume is 9.98%

Highlights this week:
At 03:00 on January 4 (UTC+8), the Federal Reserve released the minutes of its monetary policy meeting
At 18:00 on January 4 (UTC+8), Binance launched Sleepless AI (AI)
At 23:00 on January 4 (UTC+8), a consensus conference call for all core developers of Ethereum was held.
At 21:30 on January 5 (UTC+8), the U.S. Bureau of Labor released non-agricultural data for December 2023.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.07%, and 7-day change volume is 0.77%
2. USD Coin (USDC) has a 24-hour change of 0.38% and a 7-day change of 0.16%
3.Dai (DAI) 24-hour change volume is 0.32%, and 7-day change volume is -0.24%
4.TrueUSD (TUSD) 24-hour change volume -0.58%, 7-day change volume -4.78%

Highlights this week:
At 22:00 on November 6 (UTC+8), OpenAI held its first developer conference
On November 7, Hashflow unlocked over 160 million HFT tokens
On November 10, Federal Reserve Chairman Powell gave a speech
Stablecoin situation:
1.Tether (USDT) 24-hour change volume -0.07%, 7-day change volume 0.90%
2.USD Coin (USDC) 24-hour change volume -0.02%, 7-day change volume -1.96%
3.Dai (DAI) 24-hour change volume is 0.09%, and 7-day change volume is -1.55%
4.TrueUSD (TUSD) 24-hour change volume -0.05%, 7-day change volume -0.47%
5.Binance USD (BUSD) 24-hour change volume -0.05%, 7-day change volume 0.08%

Highlights this week:
At 16:00 (UTC+8) on November 3, Binance will open MEME trading
At 21:30 on November 3 (UTC+8), the United States released non-agricultural data for October:
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.24%, and 7-day change volume is 0.77%
2.USD Coin (USDC) 24-hour change volume -1.41%, 7-day change volume -2.88%
3.Dai (DAI) 24-hour change volume -0.30%, 7-day change volume -3.13%
4.TrueUSD (TUSD) 24-hour change volume -0.48%, 7-day change volume -0.61%
5.Binance USD (BUSD) 24-hour change volume -2.63%, 7-day change volume -5.70%
External US stock situation:
The Dow closed up 1.70% at 33839.08 points;

Highlights this week:
At 02:00 on November 2 (UTC+8), the Federal Reserve announced its November resolution statement:
At 02:30 on November 2 (UTC+8), Federal Reserve Chairman Powell held a monetary policy press conference
At 16:00 (UTC+8) on November 3, Binance will open MEME trading
At 21:30 on November 3 (UTC+8), the United States released non-agricultural data for October:
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.21%, and 7-day change volume is 0.41%
2.USD Coin (USDC) 24-hour change volume -0.69%, 7-day change volume -1.17%
3.Dai (DAI) 24-hour change volume -1.04%, 7-day change volume -3.51%
4.TrueUSD (TUSD) 24-hour change volume -0.39%, 7-day change volume -1.39%

Highlights this week:
At 22:00 on October 31 (UTC+8), the modular blockchain network Celestia mainnet went online.
At 02:00 on November 2 (UTC+8), the Federal Reserve announced its November resolution statement:
On November 2, Federal Reserve Chairman Powell held a monetary policy press conference
On November 3, Binance launched MEME trading.
On November 3, the United States released non-agricultural data for October:
Stablecoin situation:
1.Tether (USDT) 24-hour change volume -0.02%, 7-day change volume 0.18%
2.USD Coin (USDC) 24-hour change volume -0.45%, 7-day change volume -2.18%
3. Dai (DAI) 24-hour change volume -1.95%, 7-day change volume -3.43%

Highlights this week:
On October 24, the U.S. House of Representatives Financial Services Committee held a hearing on the SEC
On October 24, approximately 100 million DOTs locked in Polkadot’s first batch of Crowdloan will be unlocked
On October 24, Hong Kong’s licensed crypto exchange HashKey Exchange launched the USDT/HKD trading pair
At 15:00 on October 24 (UTC+8), Binance will perform wallet maintenance on the Ethereum network (ERC20), which is expected to take 2 hours.
On October 26, a U.S. House of Representatives hearing may discuss the role of cryptocurrencies in terrorist financing.
On October 26, Bloomberg TV will launch the SBF documentary

Follow this week:
At 20:30 on October 27 (UTC+8), the United States released the core PCE price index for September
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.02%, and 7-day change volume is 0.67%
2. USD Coin (USDC) 24-hour change volume -0.21%, 7-day change volume -1.36%
3.Dai (DAI) 24-hour change volume is 0.22%, and 7-day change volume is -0.45%
4.TrueUSD (TUSD) 24-hour change volume is 0.40%, and 7-day change volume is -12.07%
5.Binance USD (BUSD) 24-hour change volume -0.94%, 7-day change volume -1.47%
External US stock situation:
The Dow closed down 0.76% at 32784.30 points;
The Nasdaq closed down 1.76% at 12,595.61 points;

Highlights this week:
On October 24, the U.S. House of Representatives Financial Services Committee held a hearing on the SEC
On October 24, approximately 100 million DOTs locked in Polkadot’s first batch of Crowdloan will be unlocked
On October 24, Hong Kong’s licensed crypto exchange HashKey Exchange launched the USDT/HKD trading pair
At 15:00 on October 24 (UTC+8), Binance will perform wallet maintenance on the Ethereum network (ERC20), which is expected to take 2 hours.
On October 26, a U.S. House of Representatives hearing may discuss the role of cryptocurrencies in terrorist financing.
On October 26, Bloomberg TV will launch the SBF documentary

Highlights this week:
1. At 21:00 on October 20 (UTC+8), Harker, the 2023 FOMC voting committee member and President of the Federal Reserve Bank of Philadelphia, delivered a speech on the economic outlook.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.03%, and 7-day change volume is 0.55%
2.USD Coin (USDC) has a 24-hour change of 0.42% and a 7-day change of 1.06%
3.Dai (DAI) 24-hour change volume is 1.02%, and 7-day change volume is 1.59%
4.TrueUSD (TUSD) 24-hour change volume is 13.22, and 7-day change volume is 13.22%
5.Binance USD (BUSD) 24-hour change volume -0.25%, 7-day change volume -1.92%
External US stock situation:
The Dow closed down 0.75% at 33414.17 points;

Highlights this week:
1. At 23:00 on October 19th (UTC+8), Ethereum developers held a Core Developer Consensus (ACDC) conference call
2. At 21:00 on October 20 (UTC+8), Harker, the 2023 FOMC voting committee member and President of the Federal Reserve Bank of Philadelphia, delivered a speech on the economic outlook.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.12%, and 7-day change volume is 0.32%
2.USD Coin (USDC) 24-hour change volume -0.02%, 7-day change volume 0.17%
3.Dai (DAI) 24-hour change volume -0.01%, 7-day change volume -0.07%
4.TrueUSD (TUSD) 24-hour change volume -0.09, 7-day change volume -0.12%
5.Binance USD (BUSD) 24-hour change volume -0.38%, 7-day change volume -1.99%

Highlights this week:
1. At 11:00 on October 18 (UTC+8), the Ethereum Foundation held a conference call for EOF implementers
2. On October 19, the Federal Reserve released the Beige Book of Economic Conditions.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.18%, and 7-day change volume is 0.22%
2. USD Coin (USDC) has a 24-hour change of 0.12% and a 7-day change of -0.43%
3.Dai (DAI) 24-hour change volume is 0.19%, and 7-day change volume is -0.38%
4.TrueUSD (TUSD) 24-hour change volume 0.09, 7-day change volume -1.58%
5.Binance USD (BUSD) 24-hour change volume -0.09%, 7-day change volume -1.80%
External US stock situation:

Highlights this week:
1. At 22:45 on October 17 (UTC+8), Barkin of the Federal Reserve gave a speech on the economic outlook;
2. On October 18, the Ethereum Foundation held a conference call for EOF implementers
3. On October 19, the Federal Reserve released the Beige Book of Economic Conditions.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.17%, and 7-day change volume is 0.11%
2. USD Coin (USDC) has a 24-hour change of 0.27% and a 7-day change of -1.15%
3.Dai (DAI) 24-hour change volume -0.06%, 7-day change volume -0.64%
4.TrueUSD (TUSD) has a 24-hour change of 0.10 and a 7-day change of -1.22%
5.Binance USD (BUSD) 24-hour change volume -0.64%, 7-day change volume -4.29%

Highlights this week:
1. At 16:00 on October 16, OKX delisted 8 spot trading pairs including KOL/USDT.
2. On October 17, Coinbase delisted 80 non-USD trading pairs such as ACH-USDT and AGLD-USDT.
3. On October 17, Fed Chairman Barkin delivered a speech on the economic outlook;
4. On October 18, the Ethereum Foundation held a conference call for EOF implementers
5. On October 19, the Federal Reserve released the Beige Book of Economic Conditions.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.01%, and 7-day change volume is -0.03%
2. USD Coin (USDC) has a 24-hour change of 0.27% and a 7-day change of -1.35%
3.Dai (DAI) 24-hour change volume is 0.16%, and 7-day change volume is -0.09%