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How Is This Bitcoin Bull Market Different from 2017? Let the Data Tell
As of November 19, 2020, when this article was written, Bitcoin's price hovered around $18,000, which means one thing: we are in the midst of a price surge that has not occurred since the famous bull market of late 2017, when Bitcoin reached near $20,000. However, while tempted to compare today to 2017, the current price surge differs in some key ways. Below, we outline the potential conditions driving Bitcoin's current price increase and explain several key differences compared to 2017.
鸵鸟区块链2020/11/226 分钟阅读
最新分析
4528 篇01
Is ETH 2.0 Staking Mining Cooling Off? Large Exchange Staking Might Be Worth Your Participation
The Ethereum official team released ETH 2.0 specification v1.0 on November 5 and launched the ETH 2.0 mainnet deposit contract. The deposit contract serves as a bridge in Ethereum's transition from PoW to PoS. According to official design, before December 1, when validator nodes reach 16,384 or more with each node staking 32 ETH, ETH 2.0 will trigger the genesis block and launch the Beacon Chain. This means that when 524,288 ETH are deposited into the ETH 2.0 deposit contract address, the curtain will be raised on Phase 0 of ETH 2.0.
2020/11/22
02
The Pump Maniac: Grayscale Trust
What is Grayscale Trust? Who invests in Grayscale? Does Grayscale company affect Bitcoin price? What is the relationship between BTC's recent surge and GBTC? Today we conduct an in-depth analysis of Grayscale Trust. First, let's introduce the historical composition of Grayscale company. The prototype of Grayscale company was a private equity trading platform, and Grayscale Trust is a Bitcoin investment fund under Grayscale company. In 2014, the founder of Grayscale company separated this Bitcoin investment fund from the original company and established Grayscale Investment Company; in 2015, Grayscale Investment Company was integrated into the newly established Digital Currency Group DCG.
2020/11/21
03
Bitcoin's current demand is 5 times its supply
Bitcoin, which has become the strongest asset of 2020 that mainstream financial media are competing to report on, still hasn't stopped its momentum, with its market value briefly exceeding $350 billion and continuing to create new all-time highs. The widely recognized reason for this round of Bitcoin's surge is the abundance of compliant purchase channels and the entry of professional institutions. On November 21st, Pantera Capital released a report titled "Bitcoin Shortage," which pointed out that Bitcoin's current daily production is far from sufficient to meet the daily purchase volume of these platforms.
2020/11/21
04
If the bull market arrives, are we really prepared?
BTC and ETH have recently created new highs in the past two years, and the bull market is approaching us. How close? At the current BTC price of $18,240, it's only a 10% increase away from the all-time high of $19,875. (Huobi data) The bull markets of 2013 and 2017 have passed, and in the most precious years of our lives, we may only encounter one or two more bull markets at most. Missing one means one fewer opportunity, followed by endless suffering. The later it goes, the less energy we have to keep up with the crypto industry's fast pace. Therefore, each bull market becomes incredibly precious.
2020/11/21
全部已发布分析
事件解读、长篇研究，以及同步迁移和翻译后的分析内容。
鸵鸟区块链存档
DeFi Observation: Understanding the Essence of DeFi Lending
When facing certain applications or businesses in DeFi, we seemingly cannot understand them using traditional thinking patterns anymore, because many times two identical words can refer to completely different things. For example, the flash loan mentioned previously utilizes blockchain technology characteristics to enable zero-risk lending even when borrowers have no credit and no collateral. Additionally, the mainstream over-collateralized lending in DeFi is completely incomprehensible with normal logic - why would I use money to borrow money? And still with more collateral and less borrowed amount? This obviously defies common sense.
鸵鸟区块链2020/11/2110 分钟阅读
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BTC Breaks $18,000, Is the "Second Golden Era" Coming?
"It's like returning to the good old days" Bitcoin's price reached its highest point since the end of 2017 this Wednesday: $18,400, within $1,500 of Bitcoin's all-time high. After reaching its peak on Wednesday, Bitcoin experienced a decline, and subsequently fluctuated around $18,000. Many analysts believe $18,000 will be a difficult resistance level to break through. As of the November 20th publication, Bitcoin's weekly average price stabilized around $16,789, representing an 8.55% increase compared to the previous week (average price of $15,467).
鸵鸟区块链2020/11/219 分钟阅读
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How to Properly View ETH 2.0's December 1st Launch
Recently, the announcement of Ethereum's ETH 2.0 beacon chain mainnet going live on December 1st has sparked tremendous excitement in the crypto world, with people enthusiastically discussing this ETH 2.0 topic. It seems as though ETH 2.0's grand ambitions will be realized in one stroke on December 1st. However, the actual situation is far more objective than market sentiment suggests. Half a month after the staking contract portal opened, the progress of contract deposit staking has been extremely slow. As of publication, only 20% of the staking goal has been completed, which clearly falls far short of the target amount for the December 1st launch date.
鸵鸟区块链2020/11/216 分钟阅读
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Understanding the Current State of BTC Mining
As Bitcoin's price shows an upward trend, the gap between its market price and production cost continues to widen. Just as there are many factors affecting exchange rates, production costs can vary greatly depending on location, energy costs, and differences in software and hardware. Mining primarily depends on efficiency, while price is determined by supply and demand. Braiins operates the world's first mining pool, SlushPool, and specializes in producing software to help miners improve efficiency. They contributed this article to help understand the inner workings of the Bitcoin mining business.
鸵鸟区块链2020/11/218 分钟阅读
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CoinDesk: How Do Investment Institutions View the Potential of Polkadot and DOT?
Why does the Ethereum blockchain now command so much discourse power in the digital asset industry? Just look at the rapid growth this year on the white-hot stage of decentralized finance (DeFi). The native cryptocurrency of the second-largest blockchain, Ether (ETH), has grown 266% this year, double that of Bitcoin (BTC). However, many astute digital asset investors are hedging their bets by purchasing tokens related to emerging blockchains that could capture market share from the Ethereum network (commonly referred to as the "world computer") due to their versatility and programmability.
鸵鸟区块链2020/11/216 分钟阅读
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EIP-1559 is Merely in Vain, Offering No Benefits
Author's note: For readers already quite familiar with EIP-1559, you can skip directly to Section III, Subsection IV below. In that section, I provide a fairly comprehensive analysis. You may even find which arguments proposed by supporters are actually correct in certain situations. However, they all fail to paint the complete picture of the impacts. Readers less familiar with this topic can start from the beginning. If you need an introduction to EIP-1559, see here. I. Introduction The name "EIP-1559" must be quite familiar to everyone by now.
鸵鸟区块链2020/11/2125 分钟阅读
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Why DEXs Are So Popular
Decentralized exchanges (DEXs) are currently the most popular DApps in the DeFi sector and also the most practical application. The greatest advancement of DEXs lies in allowing customers to directly exchange different tokens in each other's wallets, rather than surrendering fund ownership to centralized institutions while users themselves play with arcade coins inside the gaming hall. Of course, part of DEX's popularity is due to the contrast from competitors - the continuous explosions of centralized exchanges have weakened users' trust in centralized institutions.
鸵鸟区块链2020/11/215 分钟阅读
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Introduction | Selections from EF Eth2 Research Team's Fifth AMA
Editor's note: On November 18th, 2020 at 21:00 Beijing time, the Ethereum Foundation's Eth2.0 research team held a new AMA session on Reddit. Nominally, this was an AMA held for Eth2.0's Phase 0 genesis, but participants' discussions were not limited to Phase 0 genesis alone.
鸵鸟区块链2020/11/2017 分钟阅读
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OKEx Event Sees Reversal, Where Will OKB Holders Go?
Recently Bitcoin has entered a bull market, wildly testing around 10,800, however last night a piece of news even more explosive than Bitcoin's price volatility instantly ignited the crypto community — OKEx, which has had its doors welded shut for exactly 35 days, will open withdrawals next week, and OKB holders' rewards are expected to turn into real money! Once the news broke, OKU quickly broke 6, OKB also surged sharply, and those who bought U at low prices and shorted OKB in recent days made a fortune from risky ventures, instantly filling their pockets. Some netizens are also slapping their thighs in regret, wishing they had accumulated more OKU.
鸵鸟区块链2020/11/204 分钟阅读
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DEX Trading Volume Grows 6,566% Year-over-Year, Quick Overview of Q3 2020 DEX Status
Key Takeaways The concept of DeFi emerged in 2019, a financial product service that does not rely on a centralized entity to provide credit intermediation or endorsement. Although DeFi was still in early development at the time, both its quantity and participation have shown exponential growth, and TokenInsight has given a highly positive evaluation to DeFi industry development.
鸵鸟区块链2020/11/205 分钟阅读
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COINKA GLOBAL | Creating Prosperous DeFi Digital Asset Ecosystem with LINK
Time flies from 2015 to 2020, during which many novel things have appeared, while many things have also been eliminated. Over these five years, the blockchain industry has witnessed an endless stream of concepts, applications, and projects. Decentralized Finance (DeFi) has also evolved from being completely unknown in these five years to becoming a topic on everyone's lips today.
鸵鸟区块链2020/11/204 分钟阅读
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2020 DeFi Industry Research Report Part 2
Key Takeaways 1. The lending sector's end-of-quarter locked value grew 294% from the start of the quarter, with liquidation amounts 10 times that of Q2; 2. Starting in late September, MakerDAO showed strong performance, reclaiming the top spot in locked value; lending monopoly degree is lower than DEX, and the overall industry can now generate relatively stable cash flows; 3. In Q3, the proportion of decentralized stablecoin issuance on Ethereum rose 4.18%, with DAI issuance volume increasing 527%.
鸵鸟区块链2020/11/201 分钟阅读
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Why Are Price Oracles So Important for DeFi?
At the end of 2019, I published an article titled "Taking undercollateralized loans for fun and for profit". In it, I described economic attacks on Ethereum DApps, which rely on accurate price data of one or more tokens.
鸵鸟区块链2020/11/2015 分钟阅读
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Premium Offering for Double Eleven | COINKA GLOBAL Empowers Strongly and Ignites the Market
This year's "Double Eleven" shopping festival, affected by the pandemic, not only came earlier than in previous years but also lasted longer. Many digital currency exchanges launched various innovative activities at this golden time point, and the most attractive activity to me was COINKA GLOBAL's limited Double Eleven campaign, "Bitcoin at 90% discount, transaction fees at 90% cashback".
鸵鸟区块链2020/11/203 分钟阅读
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Innovation on the Knife's Edge: What Did Flash Loans Do Wrong?
Based on known information, over the past week, there have been 4 flash loan attacks, including Value DeFi (5.4 million USD), Cheese Bank (3.3 million USD), Akropolis (2 million USD), and today's OUSD (7 million USD). We specifically checked the records and found that since the beginning of this year, there have been several flash loan attacks occurring almost every month. This indicates that flash loan attacks are no longer a random occurrence.
鸵鸟区块链2020/11/205 分钟阅读
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Synthetix Launches New Killer Feature, How Virtual Synth Significantly Reduces DEX Trading Slippage
On November 19 Beijing time, decentralized synthetic asset protocol Synthetix announced a new feature called Virtual Synth. According to Synthetix founder Kain Warwick's explanation, once Virtual Synth is directly integrated into AMM pools, they will be able to bridge multiple pools in a single transaction, enabling DEX aggregators like 1inch to optimize routing to execute each transaction with minimal slippage. In their testing, even accounting for Synthetix protocol fees...
鸵鸟区块链2020/11/205 分钟阅读
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Despite Security Vulnerability Attacks, the Project Named "88mph" Still Has Noteworthy Merits
88mph, a fixed-rate crypto lending protocol that just launched liquidity mining two days ago, was emergency shut down due to a contract vulnerability that led to attacks. Fortunately, the project team reacted quickly to safely transfer funds and completed vulnerability fixes in less than 24 hours, announcing that it will restart the second round of liquidity mining at 4:00 AM Beijing time on November 21, 2020. The newly launched liquidity mining will also last 14 days and will distribute 88,000 MPH tokens to participating users.
鸵鸟区块链2020/11/2015 分钟阅读
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BKEX Global Announcement on Listing ALEPH (Aleph.im)
Dear BKEXer: BKEX Global will soon list ALEPH (Aleph.im), details are as follows: Trading Pair: ALEPH/USDT Deposit Function Open Time: Already open Trading Function Open Time: November 23, 2020 20:30 (UTC+8) Withdrawal Function Open Time: November 24, 2020 15:00 (UTC+8) Project Details Project Introduction: The core mission of Aleph.im is to help decentralized applications and protocols strip away the centralized parts of their stack,
鸵鸟区块链2020/11/202 分钟阅读
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In-depth: Unveiling the Truth Behind Grayscale's Continued Bitcoin Purchases
Grayscale, known as "灰度" in crypto circles, has never stopped purchasing bitcoin, even at high prices exceeding $17,000 per coin. On November 17th, Grayscale's BTC Trust increased holdings by 1,773 BTC. To date, Grayscale holds over 500,000 bitcoin, accounting for 2.38% of total bitcoin supply. Excluding lost bitcoin, Grayscale's bitcoin holdings should represent 3.37% of the actual circulating supply.
鸵鸟区块链2020/11/2010 分钟阅读
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Examining the Application of the Efficient Market Hypothesis in Crypto Markets Through UNI Mining Halt
Efficient Market Hypothesis University students majoring in finance learn about the efficient market hypothesis theory early in their professional studies. This theory suggests that in a market with transparent information and sufficient competition, all valuable information is already reflected in prices, including expectations about future value. The efficient market hypothesis is controversial in traditional financial markets, as investors often believe stock prices are manipulated and dealers always achieve excess returns. However, relatively speaking, in a market with more transparent information, prices are more efficient and better reflect market expectations about the future.
鸵鸟区块链2020/11/208 分钟阅读
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DeFi Total Value Locked Continues to Rise, Exchange Mining Products May Provide Boost
Although the DeFi bull market has declined since early September, DeFi locked capital on the Ethereum network, after a brief decline, has not plummeted. Instead, it quickly maintained stable growth, rising from a low of $7.7 billion in early September to over $14 billion at mid-November, an increase of 82%.
鸵鸟区块链2020/11/208 分钟阅读
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How to Become an ETH2 Validator
Preface: With ETH deposit contract opening, ETH 2.0 is scheduled to launch on December 1st, 2020. Currently, approximately 20% of the minimum launch requirement has been completed, with a long way to go. Many feedback indicates interest in participating in ETH 2.0 staking but uncertainty about how to participate. Future participation can be achieved in two ways: running your own validator node, or participating through staking networks. Staking networks allow ordinary users to avoid concerns about capital thresholds, technical barriers, and liquidity issues. Today's article mainly focuses on how to become an ETH2 validator.
鸵鸟区块链2020/11/2010 分钟阅读
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Regulatory Approach to Virtual Currency Anti-Money Laundering and Counter-Terrorism Financing
Currently, the continuous development of social technology causes cybercrime levels to evolve from lower to higher levels. The widespread application of internet technology makes our lives more convenient, but simultaneously spawns new forms of online fraud and other illegal criminal activities. The current development of blockchain technology faces the same challenges, with new criminal patterns emerging around this technology increasing.
鸵鸟区块链2020/11/208 分钟阅读
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DIPS-Mercury Sets Sail, Crossing Chain Barriers, Building Open Finance Together
On November 19th, 2020 at 7 PM, an AMA hosted jointly by BKEX and Dipper Network was held in the BKEX community, with the theme: "DIPS-Mercury Sets Sail, Crossing Chain Barriers, Building Open Finance Together". This article contains the complete interview transcript. BKEX Research Institute Vice President Bohan: Greetings everyone, welcome to today's AMA. I am Bohan, Vice President and Partner of BKEX Research Institute, and your moderator for today. The AMAs hosted by BKEX aim to introduce users to the highest quality projects, the most cutting-edge information, and the hottest market trends.
鸵鸟区块链2020/11/2015 分钟阅读
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After the Storm, Is OKEx Still OK?
Since October 16th of this year, when OKEx announced a temporary suspension of user withdrawals, it once sparked panic among retail investors. The reason was that OKEx, as a leading exchange in the industry, has accumulated some of domestic crypto users' assets on its platform. Yesterday afternoon at 4 PM, OKEx CEO Jay posted on Weibo stating: "Progress is fast, we will make an announcement soon. Please rest assured that we have absolutely 100% reserves and there will be no bank run." Shortly after, at 6 PM, OKEx released an announcement stating that it will officially reopen withdrawals before November 27th.
鸵鸟区块链2020/11/208 分钟阅读