A weekly blockchain industry summary column launched by a weekly magazine covers critical news of the week, market and contract data, mining information, project dynamics, technological progress, and other industry trends. This article is a weekly project, taking you at a glance at the progress of mainstream projects and star projects this week.
Bitcoin PlanB: Bitcoin may rise five times in six months Recently, the well-known Bitcoin analyst PlanB said on Twitter that even if there is negative news such as the Turkish ban, US tax FUD, and Musk's FUD on energy consumption, there is no way to change the process of the Bitcoin bull market. The current Bitcoin bull market seems to follow the footsteps of the 2013 boom cycle when BTC soared ten times in just a few months. Both the S2FX model and the data on the chain show that we are only halfway from the bull market. In the next six months, it would not be surprising if Bitcoin could rise five times. Bitcoin's market value accounted for 38.9% CoinGecko data shows that the current market value of Bitcoin has fallen to 38.9%, while the market value of Ethereum has accounted for 19.8%. Twitter CEO: Bitcoin makes "everything" better A weekly magazine reported that Twitter CEO Jack Dorsey said on Twitter that Bitcoin has changed "everything" and is developing for the better. We will always strive to make Bitcoin better. Glassnode options trader: crypto options market makers affect the price of Bitcoin Coindesk posted that people once again attribute the fall in Bitcoin prices to concerns about the Fed's early interest rate hike, the recent pessimism in the financial market, and Tesla's decision to suspend Bitcoin payments. However, Glassnode options trader and researcher Fredrick Collins said that options market makers that sell cryptocurrencies on the spot or futures markets to hedge their books (to offset the bullish risk) might exacerbate this downward trend. Collins said that market makers sold a lot of shorts in the range of $52,000 to $50,000, and he estimated that nearly 2,900 bitcoins were forced to sell during the market crash to offset short exposure. CryptoQuant CEO: Derivatives traders should be careful in the short term; whale users deposit BTC on the exchange CryptoQuant CEO Ki-Young Ju tweeted today: "If you are a long-term bitcoin investor, don't worry. Your investment portfolio is the same as that of institutional investors in the United States. If you are a derivatives trader, short-term Be careful inside. (Relatively speaking) Whale accounts deposit bitcoin on exchanges." MicroStrategy CEO: Bitcoin has a low-cost energy advantage MicroStrategy CEO Michael Saylor stated that Bitcoin mining is the foundation of the currency network and is critical to the growth, stability, longevity, vitality, and integrity of the currency network. The workload-proof architecture is a masterpiece of engineering, which can anchor the system to the real world and provide seven layers of security protection. Miners can monetize any form of energy anywhere on earth, at any price, and at the highest price at any time. Companies compete globally to sell energy to the network, which is the largest wholesale customer, and Bitcoin has a low-cost energy advantage compared to its competitors. Bitcoin's PoW physically and politically anchors the encrypted asset network to real things, thereby promoting fierce competition in the market to decentralize, improve and protect the network, ensuring vitality and integrity over time Sex. Ethereum The balance of the Ethereum 2.0 pledge address exceeds 4.6 million. According to OKLink data from Oukeyunchain, the current Ethereum 2.0 deposit contract address has received 4600130.0 ETH, and the pledge amount exceeds 4.6 million. The number of profitable Ethereum addresses reaches a record high. According to a financial report, glass node data shows that the number of profitable addresses on Ethereum (7-day moving average) has just reached a record high of 58,590,298.167. The ratio of the market capitalization of Ethereum to the market capitalization of Bitcoin has doubled in the past year. According to a financial report, Pantera Capital, a cryptocurrency investment company, stated that in the past year, the ratio of the market value of Ethereum to the market value of Bitcoin has doubled. Ethereum now accounts for 19.2% of the total market capitalization of the entire cryptocurrency market, while Bitcoin's dominance has dropped to 40.7%. Beachclub, the largest outdoor club in North America, begins accepting Bitcoin and Ethereum payments. Outdoor club Beachclub will start accepting Bitcoin and Ethereum payments, becoming the first club in Canada to accept Bitcoin and Ethereum as payment methods. It is reported that Beachclub can accommodate 10,000 people and is the largest outdoor club in North America. Ark Investment Analyst: Dogecoin may be touted, Ethereum may bring trillions of dollars in opportunities Yassine Elmandira, a cryptocurrency analyst at Ark Investments, said that despite Musk's efforts to turn Dogecoin into an actual means of payment, Dogecoin might be trumped and eliminated from the current high price. Bitcoin and Ethereum are currently leading the cryptocurrency market. He predicts that in the next five years, Bitcoin's gains against gold may reach ten times, and Ethereum may bring trillions of dollars in opportunities. other projects Vitalik Buterin sells over 40 million USD meme tokens through Archer Swap. On May 14, Ethereum Vitalik Buterin sold meme tokens in a large amount, and over 40 million US dollars were sold through ArcherSwap. At first, V God exchanged meme tokens into ETH through Uniswap, but the transaction failed due to the runaway and cost many ETH. Later, V God switched to ArcherSwap for trading. Note: ArcherSwap can rely on Uniswap and Sushiswap liquidity without publicly broadcasting transactions to mempool. The Ethereum miner extractable value (MEV) arbitrage product Archer developed by an anonymous team was launched three weeks ago. Founder of SushiSwap: It is wise to allocate 1% of DeFi funds to Woofy, a new ecological project of YFI On May 12, yearn. finance (YFI) core developer banter launched a new project, Woofy, to split YFI tokens, allowing two-way conversion of YFI and WOOFY, YFI holders will be able to exchange for WOOFY, and 1 YFI can be exchanged for One million WOOFY can also be exchanged for WOOFY back to YFI. 0×Maki, the co-founder of SushiSwap, tweeted today that the SushiHOUSE proposal passed 2% of the DeFi distributable funds. I think it is the only wise thing to allocate 1% of the funds to WOOFY, and the rest is allocated the yearn ecological index. KIRA Network and Polkadot ecological, innovative contract platform Clover Finance reached a cooperation According to a financial report, according to official sources, the cross-chain project KIRA Network announced a strategic partnership with Clover Finance, a Polkadot ecological intelligent contract platform, to realize liquid non-custodial crypto-asset pledges. By establishing a cross-chain asset bridge between KIRA and Clover, any digital asset issued on the Clover platform and can be accessed through it will be able to obtain income by staking on KIRA. Tether disclosed the reserve details for the first time: commercial paper accounted for more than 65%, and other investments such as digital currencies only accounted for 1.64% Tether, the issuer of the stable currency USDT, disclosed its reserve details for the first time since its launch in 2014. As of March 31, 2021, Tether's reserves contain nearly 76% of the cash and cash equivalents and other short-term deposits and commercial paper. The rest are secured loans, bonds, and other investments, including digital currencies such as Bitcoin. Precisely, commercial paper constitutes most of its cash and cash equivalents, accounting for 65% of the share. Trust deposits accounted for 24%, reverse repurchase notes accounted for 3.60%, treasury bills accounted for about 3%, and actual cash only accounted for 3.87%. Block. one will launch the crypto exchange Bullish this year, with Li Zekai serving as the company's senior consultant. According to a financial report, on May 11, Block. one today announced a new subsidiary, Bullish Global. As an independent operating company under Block. One's parent company, Bullish Global, will focus on planning to launch a new blockchain-based cryptocurrency exchange called "Bullish" in 2021. Block. one is EOSIO open-source software development company. Bullish Global has secured more than US$10 billion in cash and digital assets, including Block. One's initial injection of US$100 million in cash, 164,000 Bitcoin (BTC), and 20 million EOS, as well as a new value of US$300 million. A new round of strategic investment. Notable investors who led this round include Peter Thiel's Thiel Capital and Founders Fund, Alan Howard, Louis Bacon. , Li Zekai, Christian Angermayer, Galaxy Digital, and global investment bank, Nomura. In addition to participating in Bullish Global's latest round of financing, Peter Thiel, Alan Howard, Li Zekai, and Christian Angermeier will also serve as senior advisors.
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