The oscillation range has been confirmed, a good opportunity for short-term operators!
The developers behind Base and Optimism Networks have jointly announced a revenue sharing and governance sharing agreement. According to the post, Base’s smart contracts can only be upgraded through 2/2 multi-signature wallet accounts. One signature is controlled by Base and the other is controlled by the Optimism network team (called the "Optimism Foundation"). As more and more chains choose to use OPStack and become part of the "super chain", governance will be handed over to the team that makes up the A "Safety Committee" composed of representatives of all chains in the ecosystem.
Base will also pay Optimism Collective 2.5% of its revenue or 15% of its profits, whichever is higher. In return, it will receive “up to approximately 118 million OP tokens,” giving it a say in Optimism’s protocol governance. "To maintain balance," the amount will be capped at 9% of the total vote supply, the announcement said.
ygg increased five times in four days, is the market coming?
A report released by Bitfinex shows that 69.2% of the BTC supply has been dormant for more than a year, a trend that demonstrates the accumulation strategy commonly adopted by long-term holders and the strong belief in Bitcoin’s long-term value, even as crypto has grown over the past year. Downturns in currency markets. Among them, 55.7% of the Bitcoin supply has been dormant for more than two years, 40.1% of the Bitcoin supply has been idle for more than three years, and 29.1% have held positions for more than five years. Those who really make money are the long-term holders, while others just hold their own coins and don't sell them no matter how the market rises or falls. Gouzhuang has nothing to do with them. Frequent operations are destined to make most people unable to make money!
13% of Crypto Funds Closed, What’s Wrong with This Market?
According to Bloomberg, citing data from Swiss investment consultant 21e6 CapitalAG, there have been more than 700 cryptocurrency funds around the world this year, but since the beginning of 2023, 97 funds (accounting for 13%) of crypto funds have closed. Additionally, the average return for these crypto funds in the first half was 15.2%, lagging Bitcoin’s 83.3% gain. The report said many funds were holding more cash than usual due to industry turmoil last year.
Maximilian Bruckner, head of marketing and sales at 21e6, said funds with market neutral strategies performed the worst, with an average return of only 6.8% from January to June. The average return for directional bet funds is 21.9%. But performance still lags behind Bitcoin. While many funds have had to slow down operations due to regulatory uncertainty stemming from popular banking partners and fund managers, discretionary crypto funds do not face this issue, while quant funds are more vulnerable to volatility Market suppression. Many crypto funds have not outperformed the growth of Bitcoin. If you buy Bitcoin at the beginning of the year and hold it all the time, you can outperform 95% of people in the market. Sometimes fast is slow, and slow is fast. The dumber it seems. method, the more effective it is in the crypto market.
The market has broken through, and we are worried about the future!
CZ said in an AMA: “Anyone holding BNB should be allowed to vote for something in the first place, otherwise they are just passive participants, such as BinanceLabs’ investment, etc., both of which may be related to regulation, which requires us to It takes some deep thinking, but overall the idea is a good one. We can try to explore the possibilities of the product.
On the other hand, the legal aspects of cryptocurrency also need to be considered. We can definitely try to explore the product possibilities. However, voting on investment is somewhat complicated, and choosing which projects to support may lead to disagreements or tensions, depending on how we proceed. So we need to be very careful to avoid this happening, but overall it's a good idea and we should explore it. "CZ is likely to increase the incentives for bnb holders. If there is a great gameplay, it is likely to push bnb to a higher position, which is worth looking forward to.
The market failed to surge upward and returned to the range of fluctuations!
zkSync tweeted that the eligibility criteria for LIBERTAS OMNIBUS NET airdrop objects is that the address interacts with at least one of the top 100+ zkSyncNFT collections. All 179.365 recipients are then programmatically generated strictly based on the above eligibility criteria. The list is then sorted alphabetically in preparation for bulk distribution. Due to sorting reasons, the first batch of address scores all start with 0x0. Due to automatic selection, 179.365 list pairs are random. However, zkSync admits that using the word "random" to describe the initial distribution batch is inaccurate. We apologize for the confusion and would like to thank the community member who pointed this out. zkSync will relaunch the issuance of LIBERTAS OMNIBUS NFTs in the coming days and weeks and test IRL minting on the Paris EthCC.
Fed Governor Waller expressed support for the FOMC to raise interest rates at the July meeting: The Fed may need to raise interest rates twice more by 25 basis points this year: Increasingly confident that banking industry pressure will not derail the economy: CP|The data is welcome , but it will need to be seen whether this is sustainable: There have been false dawns for inflation before: The banking sector is strong and resilient: The job market has slowed, but remains very strong: Monetary policy changes are taking effect faster Economy: Most of the past rate hikes have had an impact on the economy: Fighting inflation remains the primary goal, and the Fed will succeed: Employment and economic strength give the Fed room to raise rates further. The negative effects of interest rate hikes have now been almost digested. The sentiment on cryptocurrency has been relatively high recently. The interest rate hikes are negative, but they will not have much impact.
Too many contract players have gone bankrupt, and a handful have become rich overnight. In the business of dealing with money, remember not to be passionate!
The CPI data is positive, so why didn’t the market rise sharply?
The FTX claims portal has been re-launched, providing FTX, FTXUS, Blockfolio, FTXEU, FTX Japan and Liguid users with functions such as accessing account information, querying historical transactions, and submitting electronic claim certificates. It is reported that the deadline for customers to submit claims has been set as 4:00 pm Eastern Time on September 29, 2023, and claims must be submitted before the deadline. FTX has almost recovered its money now, but it will definitely take a long time for users to get their money. Just look at the Mentougou Exchange. After so many years, it is very nice to have the hope of getting back their assets. of.
Standard Chartered expects Bitcoin to be worth US$50,000 by the end of the year. Will it be realized?
Standard Chartered predicts that Bitcoin could reach $50,000 this year and $120,000 by the end of 2024. The bank predicts that rising Bitcoin prices may encourage Bitcoin "miners" to hoard more of the Bitcoin supply. In April this year, Standard Chartered issued a forecast that the so-called crypto winter was over and that the price of Bitcoin would reach $100,000 by the end of 2024, but the bank’s top foreign exchange analyst Geoff Kendrick said that this prediction is now 20% upside space.
Kendrick said in a report that the increased profitability of miners mining Bitcoin means they can sell less while maintaining cash inflows, reducing the net supply of Bitcoin. Pushing up the price of Bitcoin. Brother Hua believes that it is still quite difficult to get 50,000 US dollars at the end of the year. The Federal Reserve is still tightening its policy, and big funds are afraid to move around now. They are all waiting for an opportunity: to cut interest rates. Once the interest rate cuts begin, big money will be crazy about activities, and various capital markets will usher in a wave of prosperity.
High-level fluctuations for half a month, what does the main force intend to do?
At ACDE #165, Ethereum developers discussed: Impact analysis on EIP-6466 and 6406: Progress on Cancun/Deneb testing efforts: Inclusion of builder override flags into the engine API: And inclusion of two in the EIP-4788 specification ring buffer.
EIP-6466 and EIP-6406 are code changes that update the data encoding in the two block header fields transactionsroot and receiptsroot from RLP to SSZ. Security audit firm Dedaub’s impact analysis of EIP-6466 and EIP-6406 was conducted to determine the impact of these code changes on deployed and actively used smart contracts on Ethereum. The analysis found that the SSZ update will affect three main projects: LaverZero, zkBridge (cross-chain bridge) and oracles. Although these applications are affected, Dedaub Director Neville Grech said that all three applications can be upgraded to accommodate the code changes implemented through EIP-6466 and 6406.
It’s fun to play with the market’s volatile range, but it’s hard for the leeks!
The Salesforce Financial Services report shows that 61% of customers have researched or plan to research cryptocurrencies, underscoring the growing interest in digital currencies. Although two-thirds of customers express interest in digital currencies, only 29% want blockchain digital currency services from their financial institutions. This may highlight a clear gap in current FSI offerings, discomfort with emerging technologies, or it may indicate that there is genuine interest in self-custody, as reports indicate that 60% of customers are satisfied with cryptocurrencies.
The survey also found that 31% of clients have researched and 30% plan to explore portfolio diversification including cryptocurrencies as an asset class. Despite the volatility, the data demonstrates growing curiosity and acceptance of cryptocurrencies as a valid part of a diversified investment portfolio.
The probability of raising interest rates in July is 92.4%. Will the market peak?
According to CME Fed Observation, the probability that the Federal Reserve will raise interest rates by 25 basis points in July to a range of 5.25%-5.50% is 92.4%, and the probability of suspending interest rate increases is 7.6%. The Federal Reserve will announce its July interest rate decision at 2:00 a.m. on July 27, and then Federal Reserve Chairman Powell will hold a monetary policy press conference.
After the release of U.S. data, U.S. interest rate futures priced in the possibility of the Federal Reserve raising interest rates in November.
It can be said that the Federal Reserve's monthly interest rate hike is a certainty. With high interest rates, the circulation of the US dollar will inevitably be poor. There is a high probability that the bull market that everyone is looking forward to will not occur for the time being. Even if there is an increase in July, Hua Ge believes that the market will reach the top and then peak.
In short, the end of the year is very important. This month we have to escape from the top in batches. No matter how we pull it this month, we will sell it in batches.