Vitalik Buterin has posted a new article "The Three Transitions" 🔤
ㅤ
In it he highlighted three important aspects:
1️⃣ L2 expansion is vital for Ethereum scalability. With the manifestation of Optimistic Rollup and Zero Knowledge-Rollup solutions, which help reduce transaction costs, most activity is still happening on the core network, which means we need to push development and scalability to L2. Otherwise, the Ethereum network could suffer from increased transaction fees, especially during bull market periods.
2️⃣ Wallet security needs to be improved to increase user trust. For security reasons, users may stop keeping their funds on the Ethereum network and will go to CEXs, which is very bad for DEXs.
3️⃣ Increased privacy is necessary for further Ethereum adoption, both for standard funds transfer and for its other applications. He noted that public transactions "are too expensive for users, so everyone is moving to centralized solutions that hide personal data to at least some degree." To combat this, Buterin suggested introducing hidden-address protocols to increase privacy.
Original article here ⬅️
ㅤ
In it he highlighted three important aspects:
1️⃣ L2 expansion is vital for Ethereum scalability. With the manifestation of Optimistic Rollup and Zero Knowledge-Rollup solutions, which help reduce transaction costs, most activity is still happening on the core network, which means we need to push development and scalability to L2. Otherwise, the Ethereum network could suffer from increased transaction fees, especially during bull market periods.
2️⃣ Wallet security needs to be improved to increase user trust. For security reasons, users may stop keeping their funds on the Ethereum network and will go to CEXs, which is very bad for DEXs.
3️⃣ Increased privacy is necessary for further Ethereum adoption, both for standard funds transfer and for its other applications. He noted that public transactions "are too expensive for users, so everyone is moving to centralized solutions that hide personal data to at least some degree." To combat this, Buterin suggested introducing hidden-address protocols to increase privacy.
Original article here ⬅️
🟢 MakerDAO purchases $700 million in Treasury bonds, grows holdings to $1.2 billion — link
⛔️ Important points to note about #PrimeTrust :
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
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Billionaire and legendary Wall Street fund manager Paul Tudor Jones says, "Bitcoin is the only thing humans can’t adjust the supply in. I'm going to stick with it."
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Mining machine income; the daily income of 10USDT mining zone is 0.3USDT, the daily income of 30USDT mining zone is 1.2USDT, the daily income of 50USDT mining zone is 2USDT, and the daily income of 100USDT mining zone is 4.5USDT.
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Mining machine income; the daily income of 10USDT mining zone is 0.3USDT, the daily income of 30USDT mining zone is 1.2USDT, the daily income of 50USDT mining zone is 2USDT, and the daily income of 100USDT mining zone is 4.5USDT.
10USDT mining area is free.
There is also a promotion invite a friend and get $1 for 1 friend! The limit for friends for whom you will receive a reward is 10 referrals.
After registration, go to the group and send your ID to activate free mining in the 10USDT zone.
https://t.me/+CllC0qVPva4yZDI0
https://youtu.be/8B9aROZdyrM Video instruction registered
⚡️ The first one is out the gate!
🪙 Huobi (one of the top exchanges in the world) has announced the listing of $ETF. Trading will commence on Friday at 20:00 UTC. Considering that Huobi does not serve customers from the US, the Securities and Exchange Commission can't do anything about this situation – $ETF will be traded on CEX.
Huobi is the first among centralized exchanges to make this move. Others will follow suit.
🤔 Remember, which other exchanges have licenses outside the US? Something tells me that there's more announcements to come today 👀
🪙 Huobi (one of the top exchanges in the world) has announced the listing of $ETF. Trading will commence on Friday at 20:00 UTC. Considering that Huobi does not serve customers from the US, the Securities and Exchange Commission can't do anything about this situation – $ETF will be traded on CEX.
Huobi is the first among centralized exchanges to make this move. Others will follow suit.
🤔 Remember, which other exchanges have licenses outside the US? Something tells me that there's more announcements to come today 👀
🇷🇺 While Russia’s revenues from fossil fuel exports have declined significantly since their peak in March of 2022, many countries are still importing millions of dollars a day worth of fossil fuels from Russia 📈
Revenue from fossil fuels exported to the EU has declined more than 90% from their peak, but in 2023 the bloc has still imported more than $18 billion of crude oil and natural gas so far.
Revenue from fossil fuels exported to the EU has declined more than 90% from their peak, but in 2023 the bloc has still imported more than $18 billion of crude oil and natural gas so far.
🚨🚨🚨 Kucoin, previously known for its no-KYC policy and operated by anonymous individuals, has surprisingly introduced KYC procedures.
Speculations suggest this move aims to retain a portion of deposits to avoid insolvency. Reports indicate failed withdrawals under the pretext of non-KYC compliance.
Users can find more information by searching "Kucoin withdrawal" on Twitter and Reddit. A silent bank run appears to be underway.
Speculations suggest this move aims to retain a portion of deposits to avoid insolvency. Reports indicate failed withdrawals under the pretext of non-KYC compliance.
Users can find more information by searching "Kucoin withdrawal" on Twitter and Reddit. A silent bank run appears to be underway.
💰 JUST IN: Asset manager Vanguard Group, with over $7 trillion AUM, has purchased a 10% stake in #Bitcoin miner Riot Platforms.
Aave is reportedly preparing to introduce a stablecoin on the Ethereum blockchain in a matter of days. The stablecoin, designed to maintain a fixed value, is anticipated to be launched by Aave soon, further expanding its services in the rapidly growing DeFi sector.
The Aave community is supporting a governance proposal to launch the GHO stablecoin on the Ethereum main net. The proposal has received unanimous support and is expected to pass. Aave v3 users will be able to mint GHO against their Ether deposits with a 1.5% annual interest rate, while AAVE token holders will receive a 30% discount. Interest payments from GHO will go to Aave's treasury, and the Aave DAO can adjust GHO's interest rate in the future. Aave is the second-largest DeFi protocol with $5.9B in total value locked.
The Aave community is supporting a governance proposal to launch the GHO stablecoin on the Ethereum main net. The proposal has received unanimous support and is expected to pass. Aave v3 users will be able to mint GHO against their Ether deposits with a 1.5% annual interest rate, while AAVE token holders will receive a 30% discount. Interest payments from GHO will go to Aave's treasury, and the Aave DAO can adjust GHO's interest rate in the future. Aave is the second-largest DeFi protocol with $5.9B in total value locked.
💰 Bitcoin is following 2017 cycle.
2017 Top to Bottom in 364 Days.
2021 Top to Bottom in 364 Days.
In 2017 Cycle From Bottom Market Hits LOCAL TOP in 240 days.
According to the current cycle, it seems likely that BTC will reach its local peak within the next 1-2 weeks, considering that approximately 240 days just have passed.
2017 Top to Bottom in 364 Days.
2021 Top to Bottom in 364 Days.
In 2017 Cycle From Bottom Market Hits LOCAL TOP in 240 days.
According to the current cycle, it seems likely that BTC will reach its local peak within the next 1-2 weeks, considering that approximately 240 days just have passed.
💰 Bitcoin failed to sustain above the significant resistance level of $31.5k, leading to a projected decline.
Currently, #Bitcoin is holding that trendline with a support level of $30,000, So expect some sideways action before it takes a plunge down to the $29k - $28k range.
Currently, #Bitcoin is holding that trendline with a support level of $30,000, So expect some sideways action before it takes a plunge down to the $29k - $28k range.
💰 Litcoin halving TOP is in ??
Based on historical data, #LTC has consistently shown a pattern of reaching its peak approx 45 days before the halving event.
This trend was observed in 2015 and 2019, and it appears to be repeating in 2023, as Litecoin is already exhibiting signs of reaching a top this time 33 days prior to the halving.
In simple words #Litecoin Tops before the halving.
Based on historical data, #LTC has consistently shown a pattern of reaching its peak approx 45 days before the halving event.
This trend was observed in 2015 and 2019, and it appears to be repeating in 2023, as Litecoin is already exhibiting signs of reaching a top this time 33 days prior to the halving.
In simple words #Litecoin Tops before the halving.
🥇 A whale deposited 4,451 $BTC ($133.7M) to #Binance an 5 hours ago.
The last time the whale deposited a large amount of $BTC(5,000 $BTC, worth $118M) to #Binance was on Jan 30, and the price of $BTC dropped by ~4.2% after depositing.
The last time the whale deposited a large amount of $BTC(5,000 $BTC, worth $118M) to #Binance was on Jan 30, and the price of $BTC dropped by ~4.2% after depositing.
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❗️just join before I delete this post
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👀 People lining up to have their eyeballs scanned for OpenAI CEO's Worldcoin crypto digital ID.
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💎Telegram launches the beta version of its non-custodial wallet, TON Space.
This wallet is integrated directly within the Telegram platform and features support for staking, a decentralized exchange, NFTs, and TON Connect.
With TON Space, numerous projects are providing their users the capability to store, manage, and trade assets right within the messenger application.
The envisioned wallet, similar to Trust Wallet or Metamask, aims to seamlessly connect Telegram users with the crypto space, offering a user-friendly interface and comprehensive functionality.
This wallet is integrated directly within the Telegram platform and features support for staking, a decentralized exchange, NFTs, and TON Connect.
With TON Space, numerous projects are providing their users the capability to store, manage, and trade assets right within the messenger application.
The envisioned wallet, similar to Trust Wallet or Metamask, aims to seamlessly connect Telegram users with the crypto space, offering a user-friendly interface and comprehensive functionality.