On Sep 08, 2024, 04:56 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,303 USDT, with a narrowed 2.55% increase in 24 hours.

OKX market data shows that ETH has broken through 2300 USDT and is currently trading at 2301.5 USDT, with a 24-hour increase of 2.41%.

According to Odaily, Julien Bittel, the head of macro research at Global Macro Investor, recently shared insights on X regarding Bitcoin's current price structure. Bittel noted that Bitcoin's price pattern this year is strikingly similar to that of 2019. He highlighted that Bitcoin has been in a consolidation phase, which has lasted for 175 days so far, mirroring the duration of the 2019 consolidation period. Bittel emphasized that the market is approaching a critical juncture, suggesting that significant developments could occur soon. He pointed out that the upcoming week will be particularly noteworthy as market participants closely observe Bitcoin's response to this potential turning point. The key question remains whether Bitcoin will follow the 2019 script or deviate from it. Bittel concluded by stating that if the current trend persists, there could be substantial upward momentum in Bitcoin's price.

With Bitcoin down more than 25% from its peak earlier this year, is now the time to flee before it collapses further?

Recently, BEVM, a BTC L2 project invested by Bitcoin Mainland, published a long article explaining the reasons and goals for vigorously developing on-chain computing power finance (HashFi).

Julien Bittel, head of macro research at Global Macro Investor, a financial advisory publication, wrote on X: "This year's Bitcoin price structure is beginning to look strikingly similar to that of 2019. Bitcoin has been in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted for 175 days (so far). We are now approaching a critical moment where major developments may occur, and next week will be very worth watching. When we reach this potential inflection point, all eyes are on Bitcoin's reaction - will it follow the 2019 script, or will there be deviations? Let's wait and see. If the current market trend remains unchanged, we may see some major upward momentum."

null source: https://x.com/coinscreener_ai/status/1832637852208799870

DWF Ventures recently published an article on X stating that the current L2 is largely centralized, and the problem of liquidity fragmentation is becoming increasingly serious. Currently, more than 74 L2s have been launched, and there will be more in the future. However, with the growth of Based rollups, these problems may be alleviated, as analyzed below: Ethereum Roadmap: A key goal of Ethereum is to reduce centralized concerns about MEV. Based rollups help achieve this goal by reducing reliance on centralized sorters in L2, while introducing distributed block construction and pre-confirmation for a better user experience. Based rollups: The sorting is driven by the underlying L1, where L1 proposers replace L2 sorters and can include rollup blocks in L1 blocks without permission. As more proposers join, this enhances decentralization/activity and reduces the risk of chain interruption/censorship. L2 generates significant revenue through transaction fees and MEV, and since L2 sorters are largely centralized, most of the revenue goes back to the team. Through Based rollups, L1 will get more value redirected back to them. By sharing sorting, rollups can gain additional value. Infrastructure - Shared Sorting: Espresso Systems is building a market that allows rollups to sell sorting rights. This allows multiple proposers to participate in a single block, and rollups can earn more sorting revenue because proposers must bid higher than the reserve price to be selected as sorters. Other protocols focusing on this area include: Astria, Rádius, NodeKit. Infrastructure - Application Chain Framework: Spire is building a framework for developers to create their own based application chains. Application chains can leverage L1 liquidity and can be combined with other application chains. As a result, users can enjoy a seamless bridge-free connection experience in the ecosystem. Use Case - Cross-Chain Composability: Coinbase is building its own based rollup "KeySpace" to enable smart wallets to cross chains through a single address. Taiko Gwyneth is a based rollup designed to achieve synchronous composability between L1 ＜＞ L2/L2 ＜＞ L2. This enables more arbitrage and MEV opportunities, driving more value back to the base layer. Use case for better user experience and benefits: Puffer Finance is building a based rollup called UniFi. Users can experience faster transactions (through pre-confirmation) and earn additional benefits from rollup fees. They can also access the liquidity of other based application chains without decentralization. Overall, although the infrastructure of Based rollups may take some time to mature, some major protocols have made positive progress. As more and more application chains are deployed as based rollups, the ecosystem will develop rapidly with strong network effects.

New rules effective from April allow UK law enforcement to confiscate crypto assets without needing to first make an arrest. source: https://cryptopotato.com/first-ever-crypto-seizure-under-scottish-law-110000-taken-from-convicted-criminal/

8일, BitMEX 공동 창업자인 아서 헤이즈는 X에서 “BTC 숏 포지션을 종료하고 3%의 수익을 올렸다”고 게시했다. 그는 “옐런 미국 재무장관이 시장에 관심을 갖고 주말 성명을 발표함에 따라 다음 주에는 더 많은 미국 달러 유동성이 시장에 유입되고 BTC가 상승할 수도 있을 것”이라고 예상하고 있다. 9월 6일 아서 헤이즈는 소셜미디어에 “비트코인이 이번 주말 5만 달러 이하로 떨어질 것으로 ... source: https://coincode.kr/24823

According to HODL15Capital monitoring, a certain address ("Mr.500") increased its holdings by 500 BTC on August 26, and then increased its holdings by 500 BTC each day through two transactions (a total of 1,000 BTC). As of September 7, the address held 12,500 BTC, equivalent to approximately US$677 million.

Whales holdings could dictate where ADA's price moves next on the charts. source: https://ambcrypto.com/cardano-is-the-biggest-threat-to-bitcoins-dominance-close-to-its-bottom-now/

TRX has entered a recovery cycle since 2023 and has recently broken new highs. Tron is also regarded as the cash flow cow chain in the crypto industry, and its position as a stablecoin channel between CEX markets is solid.

A new report from Bitcoin technology and financial services firm River predicts that some U.S. companies will increase their investments in Bitcoin (BTC) over the next 18 months.

This round of financing will mainly be used for the product development and marketing of Web3+AI-driven iNFT: TANG (Tang), and to layout the research and development of iNFT (intelligence NFT) technology driven by AI big models.

This week, 17 blockchain startups raised a total of $78.9 million in funding. Three projects received pre-seed and seed round investments, and 13 projects received other rounds of financing.

Golden Finance launched the 2439th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Interest rate cut, market, crypto market, is the bear market coming or the beginning of the bull market? Is it a normal wash before the interest rate cut? Golden Finance, the wash before the interest rate cut is a good thing.

Through the threshold signature scheme, DingPay can protect the security of users' private keys while reducing the risks caused by loss or leakage of private keys.

NEAR is hovering around the key $3.5 support level. Bulls need to break through the key EMA to avoid further decline to $2.6. At present, the subsequent liquidity improvement is still unknown. The current priority is to survive.