Project Updates

Bitcoin has dropped to $115,000 amid sales from Galaxy Digital. Galaxy Digital sold 30,000 BTC for $3.5 billion. This was reported by Lookonchain analysts. > Update: GalaxyDigital has transferred nearly 30,000 $BTC($3.5B) out today, most of which went directly to exchanges and were

The Crypto Assets market has recently seen increased Fluctuation, with the price of Ethereum (ETH) oscillating around $2,550, sparking heated discussions among investors about its future trajectory. Analysts are exploring whether ETH could potentially break the $3,000 barrier or if it will face further fall risk. In the past few weeks, ETH has experienced a series of fluctuations. Last month, it hit a low of $2,499, followed by a rebound that broke through some key resistance levels. In the last 24 hours, ETH successfully broke through $2,550, which has attracted the market's attention. However, if the bulls fail to maintain the current momentum, ETH may face the risk of falling back to $2,220. From a technical perspective, ETH is currently trading at around $2,500, up 3% from last week, breaking through a two-week high of $2,535. This trend has reversed the previous downward trend, suggesting that market momentum may be changing. However, ETH still faces strong resistance around $2,665 and $2,720, which have repeatedly hindered its further rise. If ETH can break through $2,735, the path to $3,000 will become clearer. Many optimistic analysts believe that this target is achievable based on historical breakout patterns. However, if ETH fails to hold the support at $2,550, it may test the key support levels of $2,310 and even $2,220 again. Despite the uncertainty in the market, some professionals remain optimistic. For example, well-known analyst Wizz Trades stated on social media that even the worst-case scenario could be a bullish signal for ETH. Investors and traders should closely monitor market trends, weighing potential risks and rewards. The high Fluctuation of the Crypto Assets market means that situations can rapidly change, so it is crucial to remain vigilant and participate moderately.

> Cancel OP_RETURN restriction: Should the "walls" that can be bypassed be torn down? Written by: Jaleel Jia Liu In recent days, there has been a lot of buzz online regarding the proposal to lift the OP\_RETURN limit—this proposal was put forward by Bitcoin Core OG developer Peter Todd. (It is worth mentioning that HBO identified Peter Todd as Satoshi Nakamoto in its heavily promoted documentary "Crypto Electric: The Mystery of Bitcoin," which led to Peter Todd receiving a large number of funding requests and threats, and he is now living in hiding.) Although there are many doubts within the community regarding the OP\_RETURN change, according to Bitcoin developers and Blockstream core contributors,

📣Announcing Top 3 Projects of Vote for Community Glory #48: 🥇 Wizzwoods $WIZZ 🥈 Kinto $K 🥉 Legacy Network $LGCT Congrats to all winners and participants! 🗳Don't miss the ongoing Voting Campaign #49: https://gate.io/activities/cryptovote/?now_period=am50bS01MQ%3D%3D&pid=APP&ch=aspqaTr1 #Gateio #GateVoteToEarn

📣Announcing Top 3 Projects of Vote for Community Glory #48: 🥇 Wizzwoods $WIZZ 🥈 Kinto $K 🥉 Legacy Network $LGCT Congrats to all winners and participants! 🗳Don't miss the ongoing Voting Campaign #49: https://gate.io/activities/cryptovote/?now_period=am50bS01MQ%3D%3D&pid=APP&ch=aspqaTr1 #Gateio ##GateVoteToEarn#