Devin

Spot Ethereum ETF will have a greater impact on ETH prices for three reasons:
1. Considering the widespread use of Ethereum DAPPs compared to the "small amount of ETH" newly generated every day, Ethereum's inflation rate is actually close to zero;
2. Bitcoin mining requires expensive computer chips and a lot of energy, which is costly, and miners are forced to sell Bitcoin to maintain operations, while staking ETH has no "significant direct costs";
3. About one-third of Ethereum (28%) is staked and locked for a period of time. "Currently 28% of Ethereum is staked, which means that they have actually withdrawn from market circulation."

The U.S. Securities and Exchange Commission has scheduled a closed-door meeting next Thursday (July 18), with the agenda including resolving the ban action. This has fueled speculation that the regulator may be about to resolve its protracted legal battle with Ripple Labs. Although the official agenda remains undisclosed, sources revealed that the meeting may discuss Ripple litigation and potential settlements.

U.S. inflation fell to 3% in June, an encouraging sign for the Federal Reserve as it debates how quickly to cut interest rates from a 23-year high. The year-on-year increase in the CPI in June was lower than economists' expectations of 3.1% and compared with 3.3% in May. The Fed, meanwhile, is looking for further evidence that U.S. price pressures are easing. The Fed kept its benchmark rate in a range of 5.25-5.5%, the highest since 2001, despite market expectations earlier this year that the central bank would cut rates as many as seven times by 2024. But Fed Chairman Jerome Powell told U.S. lawmakers this week that the labor market is showing signs of cooling and officials are concerned that keeping interest rates too high for too long would squeeze the economy. He added that decisions would be made on a "meeting-by-meeting" basis.

Bitcoin’s 30-day and 90-day correlations with gold measure the strength and direction of their price relationship.
Bitcoin’s correlation with gold has fluctuated over the past three years. The 30-day and 90-day correlation indicators show intermittent peaks and troughs, indicating differences in the degree of correlation between Bitcoin and gold prices.
Bitcoin prices experienced significant fluctuations from January 2021 to mid-2024, including a surge to over $60,000 in late 2021, followed by a sharp decline in 2022 and a rebound after 2023. During this period, the 30-day and 90-day correlations frequently diverged, reflecting Bitcoin’s unique volatility as a representative cryptocurrency, in stark contrast to gold’s stability.
At the end of the first quarter of 2024: The correlation between Bitcoin and gold showed an upward trend, with both the 30-day and 90-day correlations close to 1. This period coincided with Bitcoin reaching new highs in March 2024 ahead of expectations of production cuts, and gold prices subsequently rose in May.
Recent Decoupling: Over the past 30 days, however, the link between Bitcoin and gold has become increasingly weaker, similar to the trend recently observed between Bitcoin and the S&P 500.

According to Arkham monitoring, the German government transferred out 1,000 BTC ($55.8 million) 1 hour ago, of which 500 BTC ($27.9 million) have been deposited in Bitstamp and Kraken. Since June 20, the German government has net moved out 11,033 BTC ($669 million) at an average price of $60,669.

While long-term Bitcoin holders began to sell, long-term Ethereum holders continued to accumulate, which is different from the previous bull market cycle, indicating that investors are more optimistic about the future of Ethereum. The reasons for this shift may include Ethereum's numerous profit opportunities and investors' expectations for the upcoming launch of Ethereum ETFs and new highs.

Friend.Tech其实是将社交价值进行量化的一种尝试，目前来看平台更多构建的是一种投机场景，能否成为创作者经济的经典案例还有待观察。

Base chain has captured a large number of users on the chain in a short period of time due to @friendtech and various local dog projects, and has also established a foothold in the currently popular Layer 2 track. Personally, I am optimistic about the operational capabilities of the team behind it. I look forward to the Golden Dog project and stay tuned!

Layer 2 is a real volume, with good zks experience, lots of financing in starknet, strong aptos background, arb ecology level 6, op directly built a stack to become a super chain...

This characteristic of the currency circle that speculates on the new rather than the old is most vividly reflected in the bear market. Today's LTC halving does not surprise the same "reduction" as last time. From the stars to the moon, no one cares about it. The old copycat represented by LTC has The narrative is coming to an end!

CoinList will start the Chainflip (FLIP) token sale at 1 a.m. on September 1, and registration is open until 20:00 on August 28. The supply of this sale is 4,500,000 (ERC-20), with each token priced at 1.83 $. TGE will be 100% unlocked when the mainnet is launched, which is expected to be around October 24, 2023. The initial purchase limit is: minimum 100 $, maximum 4,000 $.

The cross-chain trading platform Chainflip announced the completion of US$6 million in financing in August 2021, led by Framework Ventures; and announced the completion of US$10 million in financing in May 2022, with participation from Framework Ventures, Blockchain Capital and Pantera Capital.

Chainflip is a decentralized, trustless protocol that allows seamless value transfer between any blockchain (including BTC, EVM, and the underlying network). Given the current market conditions, it is best for everyone to participate in small amounts.

I am very confused, why does Cruve use Vyper instead of Solidity as its underlying programming language?

Bitmain officially announced that it would launch a Filecoin mining machine, but the Filecoin market did not rise as expected. Why, I personally feel that it is waiting for an appropriate time node...

The expectation of BTC halving next year is likely to be hyped in advance in the third and fourth quarters, and the market will rebound. The time node may be there. 🤗