d12

reddio

[CryptoChan @0xCryptoChan]

【 bitcoin:native 熊底左侧九九八十一天定投打卡】

今日第八八六十四天定投完成，进度条还剩 17 天

[d12 @nft88988]

@0xphilo 回购多少没人知道，但是每天的增发是真实的

[d12 @nft88988]

@native_fi @w3_888 @BinanceWallet @binancezh @PancakeSwap 设置万分之0.09费率来恶意和万分之1竞争 让CAke也降下来

[d12 @nft88988]

股票刚开始 都这样了 QQQ跌个15% 全弄死他们

[d12 @nft88988]

@PancakeSwap LP APR都找不到

[d12 @nft88988]

百分之99的山寨都要结束了

[PancakeSwap @PancakeSwap]

We’ve now crossed 56 million net CAKE burned since peak supply. 391M → 335M.

That’s 14% of CAKE’s total peak supply burned 🔥

June marked 34 consecutive months of total supply reduction and sustained, structural deflationary momentum. 🥞

[d12 @nft88988]

@0xCryptoChan 成了 哥

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[Ethereum Institutional @ethereuminsti]

1/ Announcing Ethereum Institutional

An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem.

[Quinten | 048.eth @QuintenFrancois]

Every Bitcoin bear market has bottomed between the 200WMA & 300WMA

200WMA: ~$62,000
300WMA: ~$54,000

[d12 @nft88988]

BTC BNB ETH冲

[d12 @nft88988]

都在等最后一跌 （20%）。 小散们不用等了 买就是了 最后这点没什么人能拿下

[d12 @nft88988]

@PancakeSwap 燃不动了 没人玩了

[Murphy @Murphychen888]

2026 抄底信号系列 3 —— 从未失效的CVDD

CVDD的神奇之处在于BTC的价格在过去15年中每一轮熊底都无限接近，但从未跌破。

如果我们把“接近”程度按“远/中/近”来划分的话，距离越近意味着越接近熊底。而现在CVDD为$46,196，BTC $60,000，与历史上其他熊底相比，在接近程度上属中等偏近。

由于CVDD从不回撤，永远保持向上。而当前它正以每30日平均244美元的速度向上爬升。所以，按此平均速度，在3-4个月后CVDD将大概率会高于$47,000。

这就意味着，本轮熊市BTC将不会低于$47,000，最多只是接近。

🚩 如果按2015年“相同程度”计算，当CVDD为4.7w时，BTC底部价格为$52,800；

🚩 如果按2018年“相同程度”计算，当CVDD为4.7w时，BTC底部价格为$53,500；

🚩 如果按2022年“相同程度”计算，当CVDD为4.7w时，BTC底部价格为$49,600；

按此推断，本轮周期熊底最极致的范围大致在 $50,000 - $54,000 之间，而不是4w、3w甚至2w美元。

换言之，如果你在6月25日买到了5.8w的BTC，虽不敢说这是绝对的底部，但几年后回来看，大概率是买在底部。

--------------------------------------

以上所有推断，全都建立在CVDD仍然有效的前提下。

但历史数据毕竟不是水晶球，只是可以作为有效的参考之一。由于历史样本数不足，存在过度拟合的风险，即不代表熊底一定会到以上区间。

--------------------------------------

CVDD是一个BTC的"底部估值模型"，由Willy Woo在 2020年提出，它的核心是用"被花掉的币的美元价值 × 它们被持有的天数"来刻画市场底部。

CVDD = 累计(价格 × CDD) / (上线天数 × 6,000,000)

那个6,000,000是作者拟合历史底部凑出来的自由参数，而各个平台在展示CVDD时，又对参数做了微调，所以大家看到的不同平台上的CVDD，数值不完全一样。

[d12 @nft88988]

@BTCtreasuries 买入买入买入买入买入买入买入买入买入

[Michael Saylor @saylor]

Volatility tests every capital structure. Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. We appreciate our investors and will continue to execute with transparency and resolve. $MSTR

[Grayscale @Grayscale]

Top 15 onchain apps by protocol revenue: $HYPE, $PUMP, $CAKE, $SKY, $JUP, $AAVE, $AERO, $WLFI, $LDO, $MET, $ETHFI, $LIT, $CARDS, $UNI, $RAY

Some of the top onchain apps by revenue have real cash flows, low overhead, and single-digit multiples, and with the CLARITY Act potentially weeks away, we believe investors are facing an attractive entry point today.

Read more from @LowBeta's latest Stack article here: https://t.co/34NkjZuPJF

[Catapult Trade @letsCatapult]

1,666,667 $PULT up for grabs

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[Catapult Trade @letsCatapult]

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