At PredictIt, a more mainstream betting site where transactions are made in dollars rather than stablecoins, the Trump contract actually gained a penny after the conviction. But his lead over Biden at 51-48 is narrower than Polymarket’s and closer to the polls. Unlike Polymarket, which blocks US users under a regulatory agreement but has traders all over the world, PredictIt is only open to Americans.
Author: Crypto Flexs
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Understanding Ethereum’s precompilation Justin Thaler, a16z’s research partner and associate professor at Georgetown University, recently provided an in-depth discussion of precompilation in the context of zero-knowledge virtual machines (zkVM). His insights aim to clarify misconceptions and explore the complexities of zkVM benchmarking, as detailed in a recent article by a16z crypto. In the Ethereum Virtual Machine (EVM), precompilation is a natively supported operation to increase efficiency and reduce gas costs. These operations, such as the SHA-2 hash function, avoid the significant overhead of executing via EVM opcodes. The differences between precompiled and basic instructions (opcodes)…
Following the approval of the Ethereum Exchange Traded Fund (ETF), top analyst Michaël van de Poppe is bullish on five specific altcoins and predicts significant returns. This landmark event sparked interest in the entire Ethereum ecosystem and set the stage for altcoin season. Here’s a look at the altcoins van de Poppe is looking to buy, each chosen for their potential for significant profits. 1. Optimism (OP) Optimism, a layer 2 scaling solution for Ethereum, is the first altcoin on the list. With Ethereum’s price surge, platforms that increase efficiency are expected to prosper. This layer 2 network utilizes rollup…
Bitmain launches Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that utilize the Scrypt algorithm, such as Litecoin and Dogecoin. This new prototype delivers 16 gigahashes per second (GH/s) in terms of hashing power, managing energy efficiency to 210 joules for every gigahash (J/G). The just-released Antminer L9 will replace the previous L7 prototype, which was capable of reaching speeds of 9GH/s. These enhancements help boost output to 16 GH/s, producing an energy efficiency of 210 J/T. Bitmain highlighted its initial offer if every individual has the appropriate L9 fee. Between June 4 and 6, 2024, individuals…
According to on-chain data, Bitcoin could find significant support between $66,900 and $68,900, which could help provide a solid base for a fresh rally to higher levels. Many investors bought Bitcoin between $66,900 and $68,900. BTC is currently hovering above key demand areas, according to data from market intelligence platform IntoTheBlock. In on-chain analysis, the strength of a support or resistance level is determined by the amount of “demand” that exists at that level.advertising Related Reading The chart below shows various Bitcoin price ranges currently close to spot value and how they compare in terms of the total amount of…
One of the last major Tier 2s converted their call data to blobs last week.Blast is a relatively new bullish rollup, but initially received a lot of attention for supporting base yield. The mainnet launched in February, but early access began in November 2023, allowing users to make deposits but not withdrawals. However, by linking earned Blast Points, the platform was able to naturally accumulate over $1 billion in total value locked in prior to launch. There was also criticism of the invitation compensation structure, which was widely suspected of being a ‘Ponzi scheme’. However, Blast is now available to…
Death, taxes and 21 million bitcoins. That is what we are sure of. The rest is speculation. Today I wanted to share my big bet on the next halving. I’m sure in four years I’ll be cringing at some of these “prophecies,” but some will come true. I don’t have a huge amount of data to support these predictions. Some are intuition, others are random. All I know is that the future is strange. 3 Zeta Hash MiningBased on our mining experience in previous cycles, we learned the valuable lesson of estimating hash rates by thinking logarithmically rather than linearly.…
Share this article Bitcoin (BTC) broke a two-week decline by surpassing $70,000 today. However, trader Rekt Capital emphasizes that this has already happened recently and that a daily close above the resistance would need to occur to confirm this breakout. #BTC Bitcoin broke a two-week decline today. But we’ve seen uptrends over these downturns before. This is why we need a daily close later today to confirm this breakout.$BTC #Cryptocurrency #Bitcoin pic.twitter.com/0jjg7TeebA — Rekt Capital (@rektcapital) June 3, 2024merchant shared In This consists of rejections from progressively lower prices to form lower highs. A daily close above $68,000 is essential…
According to recent data Bitcoin (BTC) supply Ethereum (ETH) on exchanges fell significantly. This means: largest crypto token By market capitalization, it could be poised for a significant upside amid an impending supply shortage. Bitcoin and Ethereum supply fall to lowest levels BTC ECHO analyst Leon Waidmann shared Glassnode data showing: forex balance The prices of Bitcoin and Ethereum are at their lowest levels in years. Bitcoin’s exchange supply decreased to 11.6%, and Ethereum’s supply decreased to 10.6%. This suggests that: crypto whale We accumulated these cryptocurrency tokens and moved them to our own storage. Related Reading Source: Glassnode Waidmann…
Animoca Brands Corporation Limited, a leader in advancing digital property rights for games and open metaverses, has announced a strategic partnership with Everest Ventures Group (EVG), Asia’s renowned Web3 venture builder. According to Animoca Brands, the partnership includes cross-investment in each other’s projects. Strategic Partnership Details This latest agreement aims to strengthen the long-standing collaboration between Animoca Brands and EVG with a focus on driving mass adoption of the Web3 ecosystem. Both companies share a vision to foster innovation and develop real-world use cases in the blockchain space. As part of the partnership, Animoca Brands…