ETH Block on ETH price 'crazy bullish': groundbreaking research Tim Robinson has announced groundbreaking simulation results indicating that the implementation of 'blobs' on Ethereum could have a significant Favourable Information on the long-term price of ETH. In a series of posts on X, Robinson emphasizes how blobs completely change the scalability and economic dynamics of Ethereum. 'Many people are debating Blob, but so far, no one has simulated how they respond to demand... until now,' Robinson said. 'In short: Blob is extremely beneficial for the long-term trend of ETH.' The Blob introduced in Ethereum Improvement Proposal (EIP)-4844 is a large data structure designed to enhance network capacity by efficiently storing and processing off-chain data. This mechanism is crucial for layer 2 (L2) scaling solutions to offer lower transaction fees, while maintaining security through Ethereum's Consensus. Robinson's simulation project shows that the Ethereum network has a transaction speed of 10,000 transactions per second (TPS), with an annual burn rate of 6.5% of its total ETH supply. The average cost of L2 transactions is $0.06. This scenario involves a blob of 16 MB for each Block, consistent with the mid-term goals outlined by Ethereum co-founder Vitalik Buterin in his latest post 'The Surge'. "Yes, the Ethereum network runs at a speed of 10,000 transactions per second, consuming 6.5% per year, while the average cost of L2 transactions is $0.06, and each Block has a 16 MB blob," Robinson explained. "Do you think L2 is a parasite, and Vitalik hasn't thought this through? Ah, lovely summer child, you don't realize how crazy it will be when the Ethereum ecosystem truly kicks into high gear." An important insight from Robinson's research is that as the usage of blobs increases, the amount of ETH destroyed increases rapidly. 'Interestingly, blobs go from being free to destroying a large amount of ETH at such a fast pace. It seems that almost everyone is unaware of this tipping point. This also makes me think that there may be better pricing mechanisms,' he observed. Robinson provides a simulation tool that demonstrates that as the TPS expands from the current approximately 180 TPS to 400 TPS, the ETH destruction rate rises exponentially. The data shows that the destroyed ETH increases from about 4 ETH per day to 1,832 ETH per day. By implementing PeerDAS (Peer Data Availability Sampling), the scalability potential is further enhanced, allowing blob capacity to scale with the number of validators. "Because the total blob capacity scales with the total number of validators, after implementing PeerDAS, blobs can scale as needed," Robinson explained. "There are 10k+ nodes sharing the load between them. While other ecosystems struggle under the load, Ethereum will provide the world with cheap, abundant block space, along with a strong deflationary currency." One interesting feedback loop that Robinson discovered is the inverse relationship between ETH price and burn rate. 'Another interesting feedback loop is that the lower the ETH price, the higher the burn rate! As the trading price drops, the volume increases, and the burn rate soars,' he pointed out. 'Look at how different the burn rates are between ETH at $2000 and ETH at $10000'. In response to the appreciation of ETH, Robinson said, "So how will ETH appreciate? As the most useful, most scarce, and deflationary asset, with over 10,000 teams using ETH to develop their products, ETH may achieve this. In the long run, ETH has the best fundamentals in the world; it just needs time to take effect." This study has sparked enthusiasm and discussion within the ETH community. Mat (@materkel) commented on X, 'Once we reach blob capacity, it will be very interesting. I guess many L2s still need to figure out how to handle this situation and charge users correctly. There will be many inefficiency issues to solve; we didn't have multiple competing L2s in this scenario before. Once the dust settles, we will have proper price discovery for L2 fees and blobs on L1.' Robinson responded, emphasizing the importance of proactive analysis: "Yes, absolutely! I am trying to provide data so that we can solve any problems before reaching our destination. As the blob increases, the market will become more stable, but in the early stages, fees may be very volatile." (Data Source: Jake Simmons)

The June 5th data from Jinshi News, Musk responded to reports requesting NVIDIA (NVDA.O) to 'cut in line' and deliver billions of dollars of special Tesla (TSLA.O) AI chips to xAI, stating that Tesla has no place to use these NVIDIA chips, so after purchase, they can only be stored in the warehouse. The southern expansion of the Texas Gigafactory has been basically completed, and by then it can accommodate 50,000 H100s for FSD training.

Jinshi data news on May 28th, it was learned from the Anti-seismic and Disaster Relief Headquarters of Muli County, Liangshan Prefecture, Sichuan Province that as of 8:30 on May 28th, the 5.0-magnitude earthquake in Shuiluo Town, Muli did not cause any casualties, and some houses were damaged to varying degrees without collapse. A total of 147 people have been temporarily sheltered. Due to the complex geological environment in the high mountain canyon area of the epicenter, the rock mass is relatively fragmented, and there are phenomena of dust and falling rock mass in many places due to unfavorable factors such as the earthquake. At present, the rescue forces and materials in the disaster area are sufficient, the on-site power and communication are normal, the roads are basically unimpeded, the public emotions are stable, the order is well maintained, and various disaster relief work is being carried out in an orderly manner.

The data dust settled on the data released this week, and short-term interest rate pricing seems to have entered some kind of equilibrium. At least until new catalysts emerge, this could in turn push government bond yields further away from the curve, as well as put stocks or the US dollar and other assets into some kind of wait-and-see mode. One interesting change in the past few weeks has been the sharp drop in inflation swap prices. One-year forward inflation swaps were apparently too optimistic at the beginning of the year, expecting CPI to be only 2% in the next 12 months. However, after the March CPI data was released in April, one-year forward inflation expectations briefly soared to 2.8%. Since the start of the pandemic, the market has been unable to predict future actual inflation well. Of course, the actual inflation situation one year later has nothing to do with the way the market trades. For example, it is interesting that inflation swaps started to fall after peaking, even though the market continued to remove rate cut factors from the pricing of the Federal Reserve. This divergence has laid the foundation for the reversal of the trend of selling short-term US bonds.

Golden Ten Data reported on April 28 that it is expected that from 8 o'clock on April 28 to 8 o'clock on the 29th, there will be sand or floating dust weather in eastern and southern Xinjiang, western Inner Mongolia, central and western Ningxia, central Gansu, northern Qinghai and other places, of which there will be sandstorms or strong sandstorms in southern Xinjiang.

Golden Ten Data on April 26, the Central Meteorological Observatory issued a blue warning for sandstorms at 18 o'clock on April 26: It is expected that from 20 o'clock on April 26 to 20 o'clock on the 27th, there will be sand or floating dust weather in eastern and southern Xinjiang, northwest Qinghai, central and western Gansu, central and western Inner Mongolia and other places, including sandstorms or strong sandstorms in eastern and southern Xinjiang and parts of western Inner Mongolia.

Bitcoin ETF Favourable Information Landing, 1.23 Plunge Brings the Market Back to Technical Bear Market? Under the gloomy market sentiment, Bitcoin ushered in a "big fall": after falling below the integer mark of $40,000 in the early morning of January 23, it fell again from 15:00 today, once falling below the integer mark of 39,000 USDT, down more than 4.4% in 24 hours. ETH also fell below the integer mark of 2400 USDT and 2300 USDT in 24 hours, reaching a minimum of 2212 USDT. At the same time, the copycat market is even more wailing, and the previously outstanding SOL and BNB have generally fallen by more than 20% or more from their recent highs. Overall, after the dust settled on the SpotBitcoin ETF on January 11, the crypto market did not usher in a crazy rally, but started a volatile downward trend: in the past two weeks, it has fallen by more than 20% from the stage high of 48,988 USDT and entered a technical Bear Market. What is the reason for the crash? 1. Continued BTC selling pressure on grayscale ETFs The first is the sustained BTC selling pressure caused by Grayscale Investments' GBTC Trust after it successfully converted to a spot ETF: at present, GBTC has another outflow of more than $640 million in a single day, the largest one-day outflow to date, and the cumulative outflow after the ETF transfer has reached $3.45 billion, while except for GBTC, the remaining 10 ETFs are in a net inflow state. In particular, as of January 23, the total Trading Volume of all SpotBitcoin ETFs in the first seven trading days was about $19 billion, and GBTC accounted for more than half, which also means that the incremental funds brought by ETFs are still under selling pressure in the stage of continuous outflows of Hedging GBTC. In a way, this will be a card game in the coming period: GBTC still holds more than 500,000 BTC (about $20 billion), and the institutions and funds to enter the market will definitely wait for the right time to collect chips to eat away at the share. This also means that the selling pressure of GBTC may still overwhelm the subjective inflow of funds for some time to come. 2. Mt. Gox's Sword of Damocles In addition, dForce founder Yang Mindao also tweeted today that Mt. Gox creditors have received an email confirming account ownership of the exchange Address entered earlier by the user as the receiving Address for BTC/BCH. And Yang Mindao said that "200,000 Bitcoin will be unlocked in the next two months to pay creditors, and the PayPal Fiat Currency channel has already begun to pay." Although the repayment deadline of the previous Mt. Gox trustee was postponed to October 31, 2024, the creditors who have provided information will begin to repay the loan as early as the end of 2023, so if calculated according to this calculation, 200,000 BTC in the next 2 months, repaid in the form of Fiat currency, all sold will be $8 billion selling pressure. 3. Other factors Notably, the 2023 Mining Report predicts that the average cost of production per Bitcoin after the Halving will be $37,856, and unless the Bitcoin price remains above $40,000, only some will continue to be profitable. The current Bitcoin market price has basically touched this key cost line, and with the April Block RewardHalving approaching, Miner will undoubtedly further increase capital expenditure in order to increase their advantage in the next round of the arms race, which may also prompt Miner to continue to reduce their holdings and start a new phase-out cycle. History doesn't simply repeat itself, but it always rhymes with the same rhyme. Of course, there is an element of "selling facts", but it also reflects that the impact of traditional financial players on the crypto market may not be monotonous Favourable Information or Unfavourable Information - people are always prone to overestimate the short-term impact and underestimate the long-term impact. Looking back now, these milestones have all promoted the industry to continue to move towards a more mainstream public vision from the big cycle, but they have indeed encountered a lot of market pullbacks in the short term. Stay optimistic and don't go up, history spirals rise twists and turns. "It's a logical and almost inevitable evolution, and a nascent security with a highly uncertain value and price is becoming a mainstream asset with millions of participants." (Source: Frank)

According to official news, Avail, a modular blockchain, has partnered with Only Dust, a Web3 open-source software developer platform, to launch the Contributors Rewards Program. Developers will be rewarded for contributing to the Avail Uncharted team's open source project and submitting PRs.

On December 7, Atomicals proposed an innovative split scheme for ARC-20 tokens in the official document, aiming to solve the dust limit problem in the BTC network. In the BTC network, the minimum unit of a single UTXO transmission is 546 satosher shares, which limits the use of ARC-20 tokens in microtransactions. Atomicals' proposed scheme overcomes this limitation by introducing a Substantiation Factor (SF) that redefines the number of satoshis required to support a single ARC-20 token. The core of the scheme is to allow token holders to convert their token units from 1:1 to smaller ratios such as 1:10, 1:100, etc., effectively splitting or subdividing their token units to arbitrary precision. It's worth noting that doing so requires a regular satoshi to be collateralized as a token unit accordingly. By default, the operation of ARC-20 is 0 decimal places, which is the materialization of 1:1. By varying the exponent to obtain decimal places, different proportions can be rescaled or re-substantiated. For example, to trade 1 token unit while respecting the dust limit, simply materialize each token unit with 1,000 satoshis and then execute a transfer of 1,000 satoshi with an index of 3. This solution not only maintains the fungibility and liquidity of ARC-20 tokens, but also greatly improves the flexibility and precision of transactions.

OpenAI founder Sam Altman made a surprise move to Microsoft after being fired from the board, but the dust has not yet settled, The Verge reported on November 21. According to multiple sources, he and co-founder Greg Brockman are still willing to return to OpenAI if other board members who fired him resign. It is reported that almost all employees of the company are planning a mass departure. As of press time, 700 of OpenAI's approximately 770 employees have signed a joint letter of resignation asking for the resignation of the board of directors and the reinstatement of Altman and Greg Brockman. Currently, Ilya Sutskever, one of the 3 board members, has flipped to Altman. One source said the Altman camp, as well as investors, are struggling to find a decent exit for the board. It was reported last night that nearly 500 OpenAI employees signed a joint letter demanding that the board step down and reinstate Altman and others, with Sutskever as one of the signatories.

OpenAI founder Sam Altman made a surprise move to Microsoft after being fired from the board, but the dust has not yet settled, The Verge reported on November 21. According to multiple sources, he and co-founder Greg Brockman are still willing to return to OpenAI if other board members who fired him resign. It is reported that almost all employees of the company are planning a mass departure. As of press time, more than 700 of OpenAI's approximately 770 employees have signed a joint letter of resignation asking for the resignation of the board of directors and the reinstatement of Altman and Greg Brockman. Currently, Ilya Sutskever, one of the 3 board members, has flipped to Altman. One source said the Altman camp, as well as investors, are struggling to find a decent exit for the board. In addition, the legal team built by OpenAI has threatened the board of directors with the removal of Altman, saying that if the board does not resign, they will leave the company. It was reported last night that nearly 500 OpenAI employees signed a joint letter demanding that the board step down and reinstate Altman and others, with Sutskever as one of the signatories.

Investment Mindset - Earth-shattering (II) People who know you well think you're amazing, and every time you operate, there's an earth-shattering feeling for them. And for you, it's nothing, you're very calm, you just think it's supposed to be done, Even when you are operating, you don't think about anything, you just do it on the spur of the moment, but you often win. This is the opportunity for you to operate large funds, such as banking, you control relatively little, but the disk control is more ideal, When it rises, it also uses less money, but the height is very high, and after the shipment, the price of the currency will rise for a while, which seems incredible to people in the industry. They all sigh that you have earth-shattering powers. Only you know that you are but a speck of dust. It's just that he responds to the heavens and steals the heavens for himself. A sign of successful practice, the operation can achieve the unity of nature and man, do whatever you want, but the success rate is higher than that of many masters.

FTX's proposed settlement seeks to pay creditors 90 percent of FTX's remaining assets after bankruptcy proceedings, and lawyers representing some creditors are now working to garner enough investor support to make the deal happen. This 90% share arrangement represents a portion of the money remaining after the end of bankruptcy proceedings, rather than the 90% of the money people initially invested in the FTX.com. Therefore, when all the dust settles, the amount of funds returned to FTX users remains uncertain. The transaction also includes a second key component involving those who withdrew from FTX prior to its bankruptcy, i.e. in early November 2022, users who successfully retrieved assets from FTX will need to return 15% of their retrieved funds in exchange for immunity from bankruptcy liquidation. If the settlement is approved by creditors, the bankruptcy court's approval is still required. （CoinDesk）

Odaily Planet Daily News DWF Labs co-founded on the X platform said: "When every piece of information is regarded as a bullish signal, the market is bullish. As I said a month ago, the volume is low, the liquidity is low, but things are certain, the dust has settled, and the bad news has not affected the market, the best time. ”

Odaily Planet Daily News Web3 open source software developer platform ONLY Dust announced the completion of US$3 million in financing, led by Fabric Ventures, with participation from Frst, Ergodic (LambdaClass) and Stake Capital. ONLY Dust supports permission-free innovation on an open platform, helping to build a “trustless” peer-to-peer network and a token-driven incentive and governance system. ONLY Dust provides support for ZK Rollups, privacy, decentralized finance, etc. to 500 developers from 17 countries. Starkware, Starknet Foundation, OP Foundation, Nethermind, Aptos, Zama, and the Ethereum Foundation all use ONLY Dust to coordinate cash and token rewards to contributors.

Jinse Finance reported that the NFT project DeGods stated on social media X that based on community feedback on Points Parlor v1.0, we have made a number of improvements to enhance the game experience for holders. v1.1 will be released tonight at 12PM PT. Thanks to the community for requesting further clarity on DUST requirements. Soon, players who earn DUST in the credit hall will be able to use it in-game, laying the groundwork for standardizing DUST supply. More details about DUST will be released soon.

Do you know what a "dust attack" is? Click on the picture to see more👇 #Gateio# #SimpleCrypto#

According to news from PANews on August 11, the NFT project DeGods stated on Twitter that starting from this Sunday (August 13), users can spend 333 DUST to update DeGods to the third season. Season 3 DeGods can use points to play games and win prizes. The price of updating DeGods will decrease over time.

On August 10th, the decentralized digital asset exchange DigiFT announced the launch of the DigiFT U.S. Treasury Token (DUST). DUST is issued on the public chain and complies with regulations. It is supported by a single U.S. treasury bond with a clear term. The underlying U.S. treasury bond assets are managed by a Singapore licensed institution, providing qualified investors and institutional investors with a channel to invest in U.S. treasury bonds on the chain. DUST invests in U.S. Treasury bonds with a clear maturity date of December 31, 2023. Investors can choose to use the legal currency U.S. dollar (USD) or the U.S. dollar stablecoin USD Coin (USDC) to subscribe for this regulatory-compliant security token issuance. And invest with a minimum investment amount of just 1 USD/USDC.