Dear follower, an hour ago there was a very strong sell-off in Bitcoin, and a wave of selling is spreading to all cryptocurrencies. There's a very large filter before the rapid rollout, and it's clear, very strong, that more cryptocurrencies suddenly collapsed without any apparent reason. My comment on this momentous event was that traders were monitoring their daily trading activity, from the close of the day to the start of the day. Anyone who sees a drop, a decline, or a bottom in June, and t...
I watched the same equation get checked twice today and almost skipped past why.
Reading a Dusk security writeup, a fee formula, gas limit times gas price equals max fee, gets enforced twice: once at mempool entry, again inside VM execution.
First read, figured that was redundancy. Belt and suspenders, nothing to dig into.
Didn't survive the next paragraph. Mempool-only enforcement wasn't enough, a malicious proposer isn't required to only include the mempool-honest version of a tx's fields.
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$BEAT from 11 to 0.1649, and today's 36% jump needs to be read in that context.
{alpha}(560xcf3232b85b43bca90e51d38cc06cc8bb8c8a3e36)
Structure here is contradictory, worth going through each piece.
Futures/spot at 31.5x, one of the most extreme ratios we've seen. Spot volume is $26.08M, futures is $821.39M. Price here is almost entirely a leverage story, spot barely participates.
The crowd is heavily long, but takers are selling. L/S at 2.61, top trader account ratio at 2.82, both the crowd ...