Bitcoin halving is a scheduled event on the Bitcoin network where the block reward for Bitcoin miners is halved after every 210,000 blocks. This means that the number of Bitcoins miners receive for each newly generated block will be reduced by half. The purpose of Bitcoin halving is to control the supply of Bitcoin and ensure that Bitcoin does not increase indefinitely, thereby achieving a deflation-like effect.
Basic principles of Bitcoin halving
1. **Fixed supply**: The total supply of Bitcoin is limited to 21 million. In the blockchain network, the block reward is halved every 210,000 blocks (approximately every four years). 2. **Block reward halving**: Initially, miners can get a reward of 50 Bitcoins for each block generated. After the first halving, the reward becomes 25 Bitcoins; after the second halving, it becomes 12.5 Bitcoins; and so on. Currently (as of 2024), the reward per block is 6.25 Bitcoins. 3. **Inflation control**: Through this mechanism, the issuance of Bitcoin slows down over time, unlike fiat currencies, which can usually be increased by central banks based on economic conditions.
### Previous halving events
- **First halving**: On November 28, 2012, the block height was 210,000, and the reward was reduced from 50 BTC to 25 BTC.
- **Second halving**: On July 9, 2016, the block height was 420,000, and the reward was reduced from 25 BTC to 12.5 BTC.
- **Third halving**: On May 11, 2020, the block height was 630,000, and the reward was reduced from 12.5 BTC to 6.25 BTC.
Impact
1. **Price impact**: Historically, the price of Bitcoin has usually experienced significant fluctuations before and after each halving event, usually upwards. Because halving means a decrease in the supply of new Bitcoins, the dynamic changes in supply and demand often drive prices up. 2. **Miner impact**: Due to the reduction in rewards, miners' income will be directly affected. If the price of Bitcoin does not rise to offset the impact of the reduction in rewards, some less efficient miners may exit the market. 3. **Market expectations**: Halving events tend to trigger a lot of market discussion and speculation, and investors may buy or sell based on expectations of future price increases.
### The Kardashian family enters the meme coin market
With the launch of ETFs, the market's expectations for altcoins on Ethereum (ETH) have increased. The rise in Ethereum prices, coupled with the positive attitude of the US election towards cryptocurrencies, has made the meme coin market even hotter. Today, the meme coin $Jenner launched by Caitlyn Jenner, the stepfather of the American Internet celebrity Kardashian sisters, has triggered a market boom, and the price has risen a thousand times from Pump.fun to the secondary market.
After learning the details, it was found that the whole incident was quite dramatic. Caitlyn Jenner is a transgender woman and a star of the show "Keeping Up with the Kardashians", which is very popular in the United States. At around 4 a.m., Jenner posted a photo of shaking hands with Trump on Twitter, with a link to the $Jenner token, saying "Make America great again! We love cryptocurrencies!" She then mentioned several well-known crypto KOLs on Twitter, calling them "Kings of Cryptocurrencies."
In his latest campaign statements, Donald Trump has shown a strong pro-cryptocurrency stance, emphasizing the need for the United States to take the lead in the global cryptocurrency industry. He made it clear that the United States must strive to be first in the crypto space and cannot accept alternatives. Trump's focus on cryptocurrencies is consistent with his broader economic policies, which generally emphasize deregulation and market freedom. Although he has previously been skeptical of Bitcoin and other cryptocurrencies, recent statements suggest that he may be shifting to a more supportive stance. This shift may be due to his recognition of the growing importance of digital currencies and blockchain technology in the global economy.
### Biden's approach to cryptocurrencies
The administration of current President Joe Biden has taken a more cautious approach to the cryptocurrency industry. Biden's policies focus on regulation and oversight, aimed at mitigating risks associated with digital assets, such as fraud, money laundering, and environmental issues associated with cryptocurrency mining. The Biden administration has proposed increasing regulatory oversight of the cryptocurrency market, including increased scrutiny from agencies such as the Securities and Exchange Commission and the introduction of comprehensive legislation to govern the cryptocurrency market. Biden's approach reflects a desire to protect consumers and maintain financial stability, ensuring that the rapid growth of the crypto industry does not bring about systemic risks or financial crimes. However, some in the industry believe that this regulatory focus could inhibit innovation and growth.
### Who is better for the cryptocurrency industry?
#### Pros and Cons of Trump’s Approach
**Pros:** 1. **Supporting Innovation**: Trump’s emphasis on leadership and market freedom may promote innovation in the crypto space and attract investment. 2. **Competitive Advantage**: Focusing on making the United States a global leader in crypto may drive economic growth and technological progress. 3. **Reduced Regulation**: Deregulatory policies can lower barriers to crypto businesses and promote entrepreneurship and expansion.
**Cons:** 1. **Risk of Inadequate Regulation**: Reduced regulation may increase the risk of fraud, money laundering, and market manipulation. 2. **Environmental Issues**: Lack of regulatory checks may result in the environmental impact of cryptocurrency mining not being adequately addressed. 3. **Market Volatility**: Lack of a regulatory framework may lead to market volatility and instability.
According to Foresight News, the full-chain AI gaming ecosystem Cellula has completed a comprehensive security audit by BlockSec and has open-sourced its core algorithms and code. The audit covered two main contracts, Cell and Life, as well as an auxiliary contract for energy collection. The code is now open source and can be accessed, viewed, and contributed by community members.
Cellula uses a variable rate progressive Dutch auction issuance mechanism to achieve NFT issuance pricing. When market demand is higher than expected, the price rises; when it is lower than expected, the price falls; when it is consistent with expectations, the price remains unchanged. Cellula has two types of NFTs: the limited-edition BitCell (a total of 10,220, not yet online), and the BitLife, which is synthetically minted by leasing BitCell, with an unlimited total amount. #cellula
According to Jinshi, Japanese service prices rose at the fastest pace in more than 30 years, indicating that the inflation trend is expanding, providing support for the Bank of Japan to raise interest rates. The corporate service price index reached an annual rate of 2.8% in April, the highest since September 1991. The Bank of Japan emphasized that service prices are a key indicator of the spread of inflation. There are signs that the strongest price growth in many years is taking root throughout the economy, supporting the view that inflation is persistent. Tuesday's data may prompt the central bank to consider raising interest rates earlier. Service prices are expected to continue to rise, partly due to the increase in wages for Japanese workers this year. The continued weakness of the yen may further push up prices.
This week, the Japanese yen exchange rate fluctuated violently in the foreign exchange market, with the maximum appreciation exceeding 8 yen. On April 29, the yen once depreciated to 160 yen per US dollar, which was the lowest point in 34 years. However, market observers believe that the Japanese government and the Bank of Japan conducted multiple interventions, causing the yen to reverse its appreciation. On May 3, the U.S. employment data for April was lower than expected, and expectations of a rate cut by the Federal Reserve increased, narrowing the interest rate gap between Japan and the U.S., prompting the market to sell the U.S. dollar and buy the Japanese yen, pushing the Japanese yen exchange rate up to 151.51 to 151.99 per U.S. dollar. meta interval. However, the market generally believes that the Bank of Japan's intervention effect is short-lived. With the significant interest rate gap between Japan and the United States, the depreciation trend of the yen is difficult to reverse. The future monetary policy trends of the Federal Reserve and Bank of Japan will continue to affect the yen exchange rate. #日元汇率
A student took out 400 yuan to buy coins. Today is the second day. Yesterday there was a small rise but it didn't affect me much. I predict that there will be a wave of decline in a few days. Are there any big guys who opened a short position around 3800 like me? What do you think? I hope to make a living in a kiln chicken in a few days.
Ethereum (ETH) is a widely used cryptocurrency and a decentralized blockchain platform designed to run smart contracts. Here are some key analysis points of Ethereum:
### 1. **Technical Architecture** Ethereum's technical architecture is one of its biggest advantages. Unlike Bitcoin, Ethereum not only supports digital currency transactions, but also allows developers to build and deploy decentralized applications (DApps) on its platform. The Ethereum Virtual Machine (EVM) is its core component, which is able to execute smart contracts, making Ethereum a flexible and powerful platform.
### 2. **Smart Contract** Smart contracts are one of Ethereum's core innovations. They are self-executing contracts where the terms of the contract are written directly into the code. When the predetermined conditions are met, the contract is automatically executed. This feature has made Ethereum a dominant player in decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain applications.
### 3. **Decentralized Finance (DeFi)** Ethereum is the main platform of the DeFi ecosystem, and many DeFi projects such as Uniswap, MakerDAO, Aave, etc. are built on Ethereum. DeFi allows users to conduct financial transactions such as lending, trading, and earning interest without an intermediary.
### 4. **Upgrades and Expansion** Ethereum is currently undergoing a major upgrade, called Ethereum 2.0. This upgrade aims to solve Ethereum's scalability issues, increase transaction speeds, and reduce transaction fees. ETH improves the efficiency and environmental friendliness of the network by introducing the Proof of Stake (PoS) consensus mechanism to replace the current Proof of Work (PoW).
### 5. **Market Performance** ETH is the second largest cryptocurrency by market capitalization, second only to Bitcoin. Its market performance is affected by a variety of factors, including technological development, network upgrades, market demand, and the overall trend of the cryptocurrency market. In recent years, with the rise of DeFi and NFTs, the demand and price of ETH have increased significantly.
### 6. **Competition and Challenges** Although Ethereum dominates the smart contract and DeFi fields, it also faces competition from other blockchain platforms, such as Binance Smart Chain, Polkadot, Solana, etc. Some of these platforms have advantages in transaction speed and fees, so Ethereum needs to continue to innovate and upgrade to maintain its market
Is there any big shot who can give me some advice? I am a student who uses his living expenses to play contracts. I fell into a pit when I entered the market. Although the money I play with is small, I often miss a meal. I always gamble with 20 yuan. Every time I pull the highest leverage, my position is liquidated. Big shots, please give me some advice. Is it better to use more money and low leverage or less money and high leverage?
ROSE Oasis is a privacy-enabled and scalable Layer 1 blockchain network with features including privacy protection, EVM compatibility, scalability, and low gas fees. In my opinion, ROSE is an undervalued project, especially in the privacy-preserving AI data and computation space. With the bull run coming, new partnerships and integrations have the potential to drive its market cap to billions of dollars. ROSE is one of the best risk/reward tokens on the market, meeting all key conditions and having an attractive market cap. The rebranding was smooth, shifting to the AI space (“privacy layer for AI”, “confidentiality for arbitrary computations in decentralized environments”).
MINA The Berkeley upgrade greatly enhances the programmability of zero-knowledge proofs (ZK), which means that important technical improvements may attract new developers and applications, thereby increasing the demand and use of MINA, which may drive its price up. MINA is currently in the middle price range, with little volatility, not much different from my entry price, and still suitable for spot purchase with a target price of $7.
AAVE AAVE is about to break through the 700-day high and is expected to rise to $500. There is no selling pressure, 92% of tokens are unlocked, and the Ethereum beta is running well. As one of the fastest-reacting altcoins after Bitcoin and Ethereum, AAVE has seen considerable buying volume around $90. As the market rises, the demand for loans will continue to increase. The long-term accumulation level is a turning point for AAVE.
JASMY JASMY is a modular powerhouse with fast speed, stability, privacy, and zero gas fees. It has its own Layer 2, is fully interoperable with Ethereum, is chain-agnostic, and can be connected to other enterprise-level networks. Since February, the price has consolidated and a typical bull flag has appeared. After 4 months, the weekly line broke through the downtrend for the first time and confirmed it, and the outlook is promising. JASMY has now reached its highest point in two years and may usher in a new wave of growth in the future.
ONDO ONDO is in the early stages of ETF cash flow, and its performance will peak when the cash flow into real-world assets (RWA) is the strongest. Traditional funds are still focusing on RWA at present, and many large funds have not yet participated in cryptocurrencies, which means there are many opportunities to expand and attract more cash flow.