Bitcoin's Hash Rate: What It Is and Why It Matters The Bitcoin hash rate is a measure of the total computational power being used to mine and process transactions on the Bitcoin network. It represents the number of hashesāor guessesāminers can make per second to solve the cryptographic puzzle required to add a new block to the blockchain. The higher the hash rate, the more secure the network is against attacks, because a potential attacker would need to control a significant portion of this immense computing power to successfully execute a 51% attack. How it Works When miners try to create a new block, they are essentially competing to find a specific hash value. The network adjusts the difficulty of this puzzle every 2,016 blocks (roughly every two weeks) to ensure that, on average, a new block is found every 10 minutes. If the total hash rate increases, the difficulty automatically rises to keep the block generation time stable. Conversely, if the hash rate drops, the difficulty decreases. This self-regulating mechanism is crucial for the network's stability and consistent operation. Significance of a High Hash Rate A consistently high hash rate indicates a healthy and robust network. It suggests that more miners are participating, which strengthens decentralization and makes the network more resilient. This increased competition among miners also helps to validate transactions quickly and securely. Investors often look at the hash rate as an indicator of the network's health and the level of confidence in the Bitcoin ecosystem. A declining hash rate, on the other hand, could signal that miners are leaving the network, potentially due to lower profitability or other concerns, which could be seen as a negative sign. In short, the hash rate is a vital metric for understanding the security and vitality of the Bitcoin network. š
Bitcoin breaks 120,000 USD Congratulations, congratulations šš šš Sprinting for 5000 followers Sending out a big red envelope, hurry to grab it š§§š§§ A total of 5000 portions, first come first served! Everyone gets a share.
The differences between Binance Alpha and Inscription, as well as their respective advantages and disadvantages.
Recently, many people have asked me in the background, 'Morning light, is Binance Alpha the same as Inscription? Which one should I play?' Let me set the record straight: it's not the same track, don't mix them up. Let's break it down first. 1. What is Binance Alpha? To put it simply, Binance Alpha is a 'new coin early bird channel' launched by Binance, with the core selling point being early access to potential new projects. Its gameplay leans towards official selection + early trading, the basic logic is: Binance will first select some new projects to be listed on the Alpha section; You can buy in before it enters the mainboard and before liquidity fully explodes;
From August 9 to 11, the price of Ethereum (ETH) repeatedly broke through the $4300 mark, reaching a new high since December 2021. On August 9, ETH easily surpassed the highest point of $4100 since 2024, and surged to $4300, peaking at $4332. On August 10, Ethereum's trading price briefly exceeded $4300, and by 1:30 PM that day, Ethereum was reported at $4224.67, up 1.1% over the past 24 hours. On August 11, Ethereum once again rose above $4300.
The primary reasons for ETH's price breaking through $4300 are as follows:
Institutional Fund Inflows: Over the past four weeks, net inflows into U.S. spot Ethereum ETFs have reached as high as $5.37 billion. On just August 8, the ETH spot ETF recorded a net inflow of $461 million in a single day. On August 10, the relevant ETF inflow reached $222 million, with a cumulative net inflow of $326 million over the past week. BlackRock increased its holdings by 65,000 ETH, valued at approximately $271.8 million, indicating traditional financial giants' optimism about Ethereum's asset value.
Strong On-Chain Data Performance: Currently, over 15% of the circulating supply of ETH has been staked, setting a new historical high, indicating long-term holders' confidence in Ethereum's future value. Meanwhile, the number of daily active addresses on the Ethereum network has surpassed 350,000, with daily transaction volume reaching 1.74 million, reflecting a healthy growth rate in network usage. Additionally, both long-term holders and new investors have shown positive behavior, with Vitalik Buterin's personal holdings exceeding $1 billion, re-entering the ranks of on-chain billionaires.
From a technical standpoint, ETH/USD has formed a clear upward channel, consistently setting higher lows and higher highs since mid-April. The breakthrough on August 9 confirmed the validity of the upward channel, and currently, Ethereum's key support level has moved up to $4100, with short-term resistance in the $4350-$4400 range. A breakout will directly challenge the historical high of $4800.
At the same time, if macroeconomic policies change, such as the Federal Reserve delaying interest rate cuts or tightening cryptocurrency regulations, it may suppress upward momentum. Additionally, the cryptocurrency market is highly volatile, and sudden shifts in market sentiment could also trigger unexpected pullback risks. #ETHēŖē “4300
BounceBit: The 'Dual Track Earnings Train' for BTC š
#The first time I operated on BounceBit, I couldn't help but laugh at the interface ā my BTC suddenly seemed to have 'duplication skills', running on the DeFi track for staking while earning financial returns on the CeFi track. The two earnings numbers are as clear as a train schedule, and at the station, they can automatically 'merge into one transaction.' How does this train's 'Dual Track Magic' work? In the past, managing BTC always involved 'struggling with a choice': put it on a CeFi platform, where the returns are fixed but as low as a slow train; or stake it in DeFi, where returns are high but you have to remember a bunch of private keys and contract addresses (last time I operated on a certain chain, just the gas fees cost half of a BTC's fractional amount šø). But BounceBit's CeDeFi framework is like laying down two parallel tracks:
Lagrange: A Privacy-Preserving "Blockchain Calculator"š
Recently, I helped a friend with on-chain auditing, and the data was sensitive, so we didnāt dare to put it directly on-chain. Using Lagrange, I discovered it acts like a calculator with an encrypted filter; after calculating, the result goes on-chain, allowing others to verify correctness without seeing the private dataāØ
Itās a āsuper calculator that keeps secretsā: When calculating sensitive data (like corporate revenue or credit scores), the inputs are āmaskedā throughout the process, with only the results being desensitized and placed on-chainš After collaborating with EigenLayer, the computing power soared, reducing the time to process 100 transactions from 1 hour to 10 minutesā”
Three core capabilities: Cross-chain accounting without data leaks: It reads data from multiple chains simultaneously, only outputting results without exposing the details of each chainš³ Adding a ātrust lockā for AI inference: Model parameters and user data are encrypted, and the output ārisk scoreā is verifiableš¤ Decentralized anti-cheating: Nodes stake LA to take orders; if they compute incorrectly and leak data, they lose coins, providing a strong sense of securityš
Summary: It makes blockchain computation āfast, secure, and mutually recognizable,ā allowing privacy to be self-determinedš #lagrange @Lagrange Official $LA
The 'Bubble Microscope' of Blockchain: Bubblemaps Makes Data Speak š
The first time I used Bubblemaps to analyze distribution data of a new coin, I couldn't help but laugh at the colorful bubbles on the screen ā it turns out blockchain data can be so 'understanding'. Those densely packed wallet addresses and transaction records transform into breathing bubbles in its eyes: big ones like whale addresses (the red bubble that accounts for 30% sways and makes me dizzy), small ones are retail investor clusters (a group of blue dots huddled together like a school of small fish š), and thereās a thin line connecting two seemingly unrelated bubbles ā later I learned, thatās a hidden associated wallet.
šMarket outlook on the afternoon of November 8.š $BTC Perspective: The main currency broke through with volume at 121516, the hourly closing price settled above 121516; those on the right can cautiously enter long positions with light leverage, but set a stop-loss if it breaks. If it drops below 120000 with volume and fails to recover, enter short positions on the right, and set a stop-loss if it recovers. Pay attention to changes in volume and ensure to set stop-losses. When it drops to 118809 and shows a false breakdown, enter an additional long position; if it breaks below the false breakdown low or drops below 118057, set a stop-loss. If you can't recover, don't go long. š The main currency has broken through the hourly level and stabilized at 121789. Looking upward towards 123300-125131, it seems to be aiming for the previous high. When shorting the main currency, be cautious if 123300 shows a 2B false breakout and falls back; enter a light short position. If it breaks and stabilizes above 123927, you must set a stop-loss. Conservative players are waiting: long at 116355, set a stop-loss below 115345. Didnāt expect the main currency to break 120,000 before the US stock market opened; the triangle drawn in the chart broke the resistance at 120,000. Currently, the only resistance above is the previous high at 123300. Now, if youāre asked to chase the high, would you dare? I certainly wouldnāt; if I chase, it can only be with a small position to gamble on the main currency breaking the previous high. I wonāt go all in, as the distance to the previous high is less than 2000 dollars, which is not cost-effective. I wonāt risk a 5000 dollar pullback for a profit of 2000 dollars. Either miss out or wait for a retest that doesnāt break below 118000 to go long on the left side; as long as it doesnāt break the previous high, Iām still looking for a rebound, not a reversal. š Upper pressure: 123300-124331-125131 Lower support: 120559-119563-118008 If it drops below 120557 at the 4-hour level, look down to 119196-118045. Once below 120557, a pullback is expected.
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$ETH Thought Process: The second currency broke through with volume at 4320, enter long positions on the right and set a stop-loss. If it drops below 4288 with volume, enter short positions on the right and ensure to set stop-losses.
On a pullback to 4182, confirm the support is effective for an additional long position; set a stop-loss below 4144. The second currency has stabilized at 4322 on the hourly level, looking upward towards 4385-4424. Above the second currency, watch for 4351 to enter a short position; set a stop-loss above 4385. Left side orders: long at 4106, set a stop-loss below 4070. š Upper pressure: 4320-4385-4424 Lower support: 4248-4200-4153 At the 4-hour level, if it drops below 4236, look down to 4191-4155. The hourly level of the second currency broke below the yellow bullish trend line yesterday but recovered. Now it has broken through the middle axis of the box; only when the upper boundary of the box is broken will it challenge the upper level of 4391 here. Meeting adjourned. $BTC #BTCéčæ12äø
Market Overview ⢠Price: $118,779, down 3.1% from historical peak ⢠Key Levels: Support at $116,359, Resistance at $120,000 ⢠Market Parameters: Market cap share 58.6%, Daily trading volume $61.8 billion
Policy and Technology Drivers ⢠Three major U.S. institutions promote friendly policies: CFTC opens spot trading, SEC 'Project Crypto' ⢠Trump administration's strategic reserve plan continues to absorb assets ⢠Japan's SBI Holdings submits XRP/BTC mixed ETF application ⢠Off-exchange reserves drop to 155,000, a historical low, indicating a trend of hoarding coins
Community Sentiment ⢠Bullish sentiment at 85.28%, core arguments: ETF progress, Layer 2 ecosystem expansion ⢠Technical divergence: Some believe we are at the end of the fifth wave and should be cautious of a pullback ⢠Potential risks: August options expiration impact, uncertainty of U.S. election policies
Regarding the future trend of Bitcoin, there are relatively more optimistic voices in the market. Some institutions expect Bitcoin to rise to $135,000 in the third quarter of this year, and to surge to $200,000 by the end of the year. However, some analysts warn that Bitcoin's price is highly volatile, and geopolitical crises, inflation, and other financial risks, as well as major political events, could all impact the market. Investors should pay attention to market dynamics and invest cautiously.
Fans of intraday trading, ask me why I haven't updated intraday trading in the past few days. I've already made 16,000 points, publicly sharing the videos in advance. I'm afraid you won't understand the articles, so I hand-delivered the videos to feed you. If you can't get those 16,000 points, you really need to reflect on it. I publicly shared the strategy in advance for free; did you watch it? Because the videos are taught in great detail, almost fully profiting from the market in the second half of July, capturing the entire box oscillation. The intraday community will resume updates in the coming days. Every trade is publicly announced in advance, no need to show off in a hindsight chat group. The content is publicly available in advance, teaching you trading techniques step by step (free, public, in advance, core skills teaching). More importantly, all market movements are accurately captured (this is really profitable š). ā ļø Free public articles, fans who profit please support the chief rebate career š°. If you want to freeload more top-tier strategies from the chief, feel free to register for the chief's Binance rebate invitation link, enjoy a 25% discount on transaction fees, and also get to view the latest trading shares for free šš https://www.binance.com/zh-CN/join?ref=SX888. Freeload on the chief's trading strategy share šš Fee rebate 25% invitation code: SX888