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Chainlink (LINK) Soared to 2-Year Peak as Whale Activity Surges
Chainlink (LINK) Soared to 2-Year Peak as Whale Activity Surges

Increase in dormant wallet activity leads to record spike in “Age Consumed” metric.

Cryptopotato·2024/02/07 16:34
These developers are mashing ERC-20 tokens and NFTs together: Will it work?
These developers are mashing ERC-20 tokens and NFTs together: Will it work?

Quick Take: A team of four have combined the ERC-20 token standard and NFTs to create a new standard of semi-fungible tokens called ERC-404. We explore how this came to be, how the project works and what’s next.

The Block·2024/02/07 15:07
Pyth Network unveils second phase of token airdrop for over 160 dapps
Pyth Network unveils second phase of token airdrop for over 160 dapps

Pyth Network has unveiled the second phase of its retrospective token airdrop to over 160 eligible dapps.Some 100 million PYTH tokens — worth around $47 million — will be distributed to the dapps, following the 255 million PYTH allocated to DeFi users in November.

The Block·2024/02/07 15:04
Bitcoin is likely to be flat until summer — so trade bravely
Bitcoin is likely to be flat until summer — so trade bravely

The crypto market hasn't moved much since the launch of Bitcoin ETFs, and data indicates it may stay that way for the first half of 2024.

Cointelegraph·2024/02/07 14:56
Crypto market could face near-term correction as analyst says rate cut delay is still not priced in
Crypto market could face near-term correction as analyst says rate cut delay is still not priced in

The cryptocurrency market is poised for a near-term downside correction because the Federal Reserve’s suggested rate cut delay has yet to be priced in, according to an analyst.Bitcoin traded flat over the last 24 hours, holding above the $43,000 mark.

The Block·2024/02/07 14:29
DeFi ecosystem rebounds to 18-month high of $60 billion in assets, signaling investor confidence resurgence
DeFi ecosystem rebounds to 18-month high of $60 billion in assets, signaling investor confidence resurgence

DeFi TVL have increased by 68% since November 2023 thanks to the improved market conditions.

Crypto Slate·2024/02/07 13:06
Ethereum developers deploy Dencun upgrade on Holesky testnet
Ethereum developers deploy Dencun upgrade on Holesky testnet

Quick Take: Ethereum core developers have deployed the Dencun upgrade, which incorporates proto-danksharding (EIP-4844), on the Holesky test network. The Holesky implementation marks the final Ethereum testnet upgrade before an anticipated mainnet deployment of Dencun in March.

The Block·2024/02/07 11:55
Polish town adopts stablecoin for local commerce
Polish town adopts stablecoin for local commerce

Up to 10 local businesses will accept payment with the new token at launch

Blockworks·2024/02/07 10:32
Flash
15:41
White-Haired Stock God: Technical Analysis is the Trader's Astrology, Stock Price Does Not Rise Due to "Golden Waterfall Candle" Pattern
BlockBeats News, June 14th, "White-Haired Stock God" Serenity responded firmly when asked about using technical analysis, stating: My opinion may disappoint many people. Technical Analysis (TA) is the astrology of traders, mainly used to confirm deviations and to exploit trader psychology to find entry points. It can help you understand what other retail investors and traders are thinking and believing at the moment, but it cannot reliably predict a stock's true upside potential. Serenity gave examples, stating that the previous surge in SPCE was not because of a "Space Comet Rocket Candle" appearing on the chart, but because the market was pricing in the future revenue of companies like JBL and AMD; similarly, AXTI's 8000% spike was not due to a "Golden Waterfall Candle Signal," but driven by fundamental factors such as indium phosphide substrates, export controls, and photonics demand. Serenity emphasized that the correct research approach should focus on thematic correlations (such as the relationship between LITE and AAOI), news catalysts, forward-looking revenue projections, macro events, financial reports, float dynamics, and game theory. Through these, a reasonable market value for a company can be derived. Technical analysis is only suitable for assisting in finding entry points and risk management. It should never be used to determine where a stock will ultimately go. Using IREN as an example, Serenity pointed out that many people drew chart patterns indicating a price of over $120, but in reality, the company needs to absorb a $6 billion ATM offering first. These technical chart patterns are essentially useless. Fundamentals, catalysts, and thematic research determine the direction. Relying solely on technical analysis can easily lead to a crash in current sectors such as AI and semiconductors.
14:28
The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.
BlockBeats News, June 14th, according to Whale monitoring, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain 2 minutes ago.
13:38
A Whale Liquidated a $39.03 Million ETH Short Position, Holding It for Only 18 Hours
BlockBeats News, June 14th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale shorted $39.03 million worth of ETH, closed the position for a profit after only 18 hours, and made $184,000. Address 0xa2e…f1468 has closed a short position of 23,200 ETH, with an opening price of $1680.8 and a closing price of $1672.9.
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