The trading range has been confirmed, providing a great opportunity for short-term traders!

CN
1 year ago

Base and Optimism developers have jointly announced a revenue sharing and governance sharing protocol. According to the post, Base's smart contracts can only be upgraded through a 2/2 multi-signature wallet account. One signature is controlled by Base, and the other by the Optimism network team (referred to as the "Optimism Foundation"). As more chains choose to use OPStack and become part of the "super chain," governance will be transferred to a "Security Council" composed of representatives from all chains that make up the ecosystem.

Base will also pay 2.5% of its income or 15% of its profits to the Optimism Collective, whichever is higher. In return, it will receive "up to approximately 1.18 billion OP tokens," giving it a voice in Optimism's protocol governance. The announcement states that, "to maintain balance," this amount will be capped at 9% of the total voting supply.

The team will continue to develop Pessimism, a real-time network monitoring tool aimed at detecting network security threats early. In addition, Base will share revenue with the Optimism Collective and ultimately transfer the upgrade key to the Optimism Security Council.

Highlights of Important News:

  1. Coinbase announces five neutral principles of Base;
  2. Base and Optimism introduce governance sharing and revenue sharing framework;
  3. a16zcrypto: Any stateless blockchain solution is not feasible;
  4. Coinbase is in talks with Canadian banking giant to promote the crypto economy;
  5. Parent company of PrimeTrust loses $8 million in TerraUSD investment;
  6. ARKInvest and 21Shares jointly submit two Ethereum futures ETF applications;
  7. Reuters: Mastercard and Binance terminate crypto card partnership in four countries;
  8. Base announces decentralized plan for super chains, covering fault tolerance and OP client diversity;
  9. PEPE multi-signature wallet rules changed from 5/8 to 2/8, with over 16 trillion tokens transferred to exchanges;
  10. Vessel Capital launches a $55 million fund, focusing on investing in Web3 infrastructure and applications.

BTC:

The Bitcoin up and down needle has been completed, confirming the short-term support and resistance. Recently, it is expected that the main oscillation range of Bitcoin will be around 25,000-27,000, and it will oscillate for one to two weeks, and then continue to probe lower. In the short term, you can try to buy high and sell low in this range, and go short at high and long at low. Once it falls below 24,500, do not try to go long, as it is likely to have a big drop. If you don't want to operate in the short term, it is recommended to wait and rest. If you want to buy the dip, you should at least wait for the range of 15,000-20,000!

eth:

Ethereum was pressured by the 10-day moving average yesterday and fell back. The 10-day moving average has become a short-term resistance. It is believed that Ethereum will not rebound to a very high position, and you can try to go short at high.

XRP:

The difficulty of short-term operation for XRP is very high, and there is no medium-term bullish opportunity yet. It is best not to participate in the near future.

ARB:

ARB is weaker than expected, it has not rebounded to the pressure range, and it is weaker than the overall market. It is not yet time to speculate on Cancun upgrade. It is recommended to wait patiently.

OP:

I personally think that the rebound of OP is almost over, and selling pressure is starting to appear. Those participating in the short term should pay attention to selling in batches.

Platform Coins:

BGB's daily line has broken, so it is not advisable to participate in the short term. Wait for opportunities in the long term.

Wealth Code:

The recent outbreak of altcoins is generally average, with only a few strong ones, not many opportunities!

The above analysis is for reference only and does not constitute investment advice!

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