For the first time in this cycle, #Bitcoin reached the 3.5 ADR level.

This means two things:

1. This is just the beginning of movement in the short term.

2. This is the very beginning of a bigger picture.

The differences between the cycles are shown once again.

BitTime states that interleaved cycles follow each other very closely.

Both black cycles saw strength at the start of the green accumulation year, while our two white cycles came towards the end of the green year and reached the 3.5 level.

In any cycle, this was the beginning of something, not the end.

Clear as day!

Against the background of the activation of Ethereum users and the growth of commissions on the network, the rate of burning cryptocurrency as payment for transactions is also increasing.

Over the past month, more than 22 thousand ETH have fallen out of cryptocurrency circulation. We are talking about the equivalent of more than 46 million dollars.

The systematic transition to POS is bearing fruit.

Also, according to the Beaconcha-in platform, there are now more than 28 million ETH staked on the Ethereum network, which translates to 23.4 percent of the total number of coins in circulation. At the same time, the annual profitability of the occupation is at the level of 3.7 percent.

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​​🤓 Bitcoin mining difficulty has reached new highs again

Bitcoin mining difficulty set a new record and reached 67.96 T.

The current average hashrate is 495.77 EH/s.

😄 Here’s the thing: BTC is being withdrawn from exchanges.

Over the past week, almost 1 billion. USD (approximately 25,000 BTC)

Do you currently keep it in the refrigerator or on the stock exchange?

Samson Moe, a crypto investor, entrepreneur and public figure, has identified three countries that are most likely to soon accept Bitcoin:

🇵🇦 Panama - They don't have a central bank and can act quickly.

🇮🇩 Indonesia - The governor of West Java, running for vice president, understands the power of Bitcoin mining.

🇦🇷 Argentina – Javier Miley promised to make changes.

🇺🇸Congress is considering creating a special commission in response to the growing US debt

As the US debt has grown to a staggering $33.7 trillion, more than double its level a decade ago and about 124% of the country's GDP, Congress is under increasing pressure to take decisive action.

The situation has escalated to such an extent that leading rating agency Moody's has issued a warning about a potential downgrade of the US federal government's credit rating due to the political impasse.

Congress is now considering creating a special commission to address the growing debt problem.

✅Cardano enters beta testing phase of new blockchain-based AI chatbot Girola

Solana ranked second among all blockchains in terms of NFT sales in history ($4.263 billion)

Previously, second place belonged to Ronin. All thanks to the massive passion for games from Axie Infinity.

Ronin is an EVM-based blockchain built for developers who want to create games with player-owned economies.

Naturally, ETH comes first.

📊For the first time in 9 months, ETH whales were in a state of sustainable accumulation for 9 days in a row.

Increasing buying pressure could be a strong bullish signal for ETH.

In Finland they sell chocolate with dried fish inside.

Price: $14. So disgusting that I want to try it.

$BTC  : $150,000
 
$ETH : $12,000
 
$BNB   : $1,500
 
$XRP : $7
 
#SOL : $500
 
#ADA : $9
 
#DOGE : $3
 
#DOT : $200
 
#MATIC : $10
 
How many of these price targets are realistically possible in 2025❓

Proposal #Atom for halving accepted ✅

📊Top 10 DeFi projects by developer activity on Github over the past 30 days

Osmosis, Uniswap, Radix, dYdX, KyberNetwork, Acala, DeFiChain, Kava, Injective, 1inch

Over the past two weeks, about 25,000 #BTC worth almost $1 billion were withdrawn from well-known cryptocurrency exchange wallets.

🤡News we deserve:

Sam Bankman-Fried is in prison dealing with a new type of currency: fish 🐟

The founder of crypto exchange FTX reportedly paid for a haircut with a package of mackerel.

In 2012, most Bitcoins were <$16.
In 2016, most BTC was in the range of $256 to $1,024.
In 2020, most BTC was in the $4K to $16K range.
In 2024, most BTC will be in the range of $16k to $65k.

I would not be surprised if in the next 4 years the majority of BTC is transferred between $65k and $524k.

✅Over the next six months, Polkadot will launch Core Jam and Core Play, removing the parachain auction system and replacing it with Agile Coretime or Bulk Coretime;
Polkadot will soon receive the first bridge to connect Ethereum and Polkadot, Kusama and Polkadot.

#AIинструменты

120 cool AI tools by category

There are literally 46 days left until the BTC Spot ETF is officially accepted or rejected.

There are 46 days left until the deadline for the Securities and Exchange Commission to make a decision on Ark Invest's spot Bitcoin ETF. The SEC will likely approve all or most of the spot applications.

It is likely that all applications will be postponed until this date and it will be in January that we will know the final result.

In general, this whole saga with the spot BTC ETF is pretty boring. But unfortunately, the market is at the stage when almost one event affects it (well, expectations are being laid for halving + rate reduction for 24).

The denouement is coming soon, we just have to wait for the result. If the SEC's application is rejected, the landing will be painful.