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Daily General Discussion - January 22, 2025 (UTC+0)
Wed, 22 Jan 2025 00:01:33Welcome to the Daily General Discussion thread. Please read the rules before participating. Rules: All subreddit rules apply in this thread. Keep the discussion on-topic. Please refer to the allowed topics for more details on what's allowed. Subreddit meta and changes belong in the Governance Discussion thread. Donuts are a welcome topic here. Be kind and civil. Useful links: Newcomer's Guide What are Donuts? Donut Dashboard Discord Advertise on r/EthTrader Stand with crypto! In light of recent events and the challenges faced by the Ethereum and broader crypto space, we'd like to draw your attention to Coinbase's 'Stand with Crypto' initiative. It seeks to promote understanding, collaboration, and advocacy in the crypto space. Stand with Crypto Initiative Remember, staying informed and united is key. Let's ensure a secure and open future for Ethereum and its principles. Happy trading and discussing! submitted by /u/AutoModerator [link] [comments]
Breaking News: Donald Trump's crypto advisor has been revealed!!!!!!!!!!
Wed, 22 Jan 2025 15:20:55submitted by /u/InclineDumbbellPress [link] [comments]
Only Thing "Ethereum Killers" Achieved In 4+ Years Was Getting Dwarfed 🤣
Wed, 22 Jan 2025 10:28:32submitted by /u/BigRon1977 [link] [comments]
Slowly I’m getting numb
Wed, 22 Jan 2025 09:46:30submitted by /u/Wonderful_Bad6531 [link] [comments]
ETH preparing to print massive green dildos
Wed, 22 Jan 2025 01:47:42submitted by /u/InclineDumbbellPress [link] [comments]
If only…
Wed, 22 Jan 2025 17:11:13submitted by /u/Creative_Ad7831 [link] [comments]
Recent bullish developments on Ethereum.
Wed, 22 Jan 2025 14:50:01Ethereum keeps proving everyone that it's the leading blockchain in crypto. In this post we will cover some of the most recent bullish updates that show us growing trust and reliance on Ethereum, not just by individuals but by institutions, banks, and even governments. A wallet connected to President Trump’s team recently bought $47 million of ETH and wBTC (on Ethereum), and $4.7 million of AAVE, LINK, and ENA. This wallet is now staking ETH on Lido. To me, this shows they're willing to commit to Ethereum long-term. Another recent update is the Ethereum Foundation allocating 50,000 ETH for DeFi usage. Finally, we have Coinbase’s new BTC borrowing product. It relies heavily on Ethereum infrastructure and uses an Ethereum L2 and an ERC-20 token on the backend. Once again this proves that Ethereum is the center of decentralized finance. Ethereum is slowly and steadily becoming the number one network for global finance on-chain. It doesn't rely on meme coins, AI hype, or social media marketing, because Ethereum’s strength is in its fundamental technology. This is what keeps huge investors building on it. A lot of big corporations and even central banks are secretly developing projects on Ethereum, the world is becoming increasingly tokenized and traditional finance is slowly going on-chain. People are realizing that centralization is a threat to financial freedom, and Ethereum gives them a decentralized alternative where there are free markets for everyone. Look at what happened in the past 5 years. If Ethereum’s growth over the next 5 years is minimally close to the past, it could become the global standard for financial settlement I’ll share the source for the metrics mentioned in the second paragraph in the comments. P.S. As I was writing this, news just came out about the founder of Lido creating a "Second Foundation" for Ethereum. I will also add the source in the comments. submitted by /u/MasterpieceLoud4931 [link] [comments]
Average ETH haters
Wed, 22 Jan 2025 12:46:28submitted by /u/Creative_Ad7831 [link] [comments]
This is a historic day. Ross Ulbricht has been granted a full pardon and is now a free man. This is a monumental moment for the entire crypto industry
Wed, 22 Jan 2025 00:59:05submitted by /u/0xMarcAurel [link] [comments]
Crypto.com launches the US exchange it suspended in 2023
Wed, 22 Jan 2025 09:47:23submitted by /u/Abdeliq [link] [comments]
Ethereum was #1 by fees earned in 2024
Wed, 22 Jan 2025 08:32:33According to this X post by CoinGecko, Ethereum is numero uno in gas fees and was #1 in 2024. Competition is big but let's see why it took the crown: Why are Ethereum's fees so high? If everybody wants a piece of it.. Being the king in this space is not an easy task. We got DeFi, NFTs, gaming, and DAOs. All these demand can't be ignored and is no wonder why the fees are so high. With such a high demand and the network being limited by blocks, users need to "fight" for their transactions to be prioritized thus increasing the fees. Imagine the demand behind a NFT launch or token sales 👀 Gas fees 101 ETH network eats gas depending on the computer power needed for actions like sending ETH (low). Using a complex DeFi? = High. The math behind it is quite ez: Gas Units x Gas Price Gas Units aka amount of computation power needed. Gas Price is how much you're willing to pay per unit of gas (aka gwei which you can always check here) EIP-1559 and base fees Ethereum introduced EIP-1559 in 2021 changing eveyting: Base Fee Now there is a minimum fee wich depends on network activity (low activity = cheaper fees but also a bad sign wich means eth is being ignored). It’s burned (snapped out of existence) to make ETH deflationary. Priority Fee (Tip) Like paying the waitresses extra to ensure you have priority 😎 these are payed to miners/validators. Snapping base fees helps with ETH burn which in theory should reduce supply and increase price but can be quite expensive during busy networka periods. Layer 2 and ZK-Rollups Projects like Arbitrum, Optimism, and ZkSync will continue to drive Ethereum’s growth. They help with the burden to secondary chains thus freeing mainet. Zero-knowledge proofs are a big. They provide faster/private transactions and could become the backbone of Ethereum’s scaling efforts, only time will tell. So with all of these and much more it's clear why Ethereum was ranked #1. We should see significant updates next March when Pectra is here. What do you guys think? submitted by /u/AltruisticPops [link] [comments]
$20M Worth LINK Moves From Crypto Exchanges: What It Means for Chainlink Price?
Wed, 22 Jan 2025 11:56:25submitted by /u/Extension-Survey3014 [link] [comments]
Ethtrader Options Education: Shorting Options – A Risky Strategy!
Wed, 22 Jan 2025 15:55:12We have already gone through buying both call and put options, but what about selling options? As I mentioned before in a previous instalment, the opposite exposure for a long Call Option is a long Put Option, which has the exact opposite option payoff diagram. But what happens if you short options? If you sell an option, you will end up to receive the premium, which is the maximum you can earn from this transaction. However: If you choose to decide to sell an ETH Call Option with a strike level of $3500, your maximum profit is the premium that you have just received on this (assume it is $100), but if ETH goes up in price, your MAXIMUM LOSS is UNLIMITED, so you can burn a lot of money. If you sell an ETH Put Option with a strike level of $3500, your maximum profit is the premium that you have got and received (assume it is $100), but if ETH goes down in price, your MAXIMUM LOSS is $3400, which is still a lot compared to what you receive in the premium. What is the Purpose of Selling Options? The idea behind you wanting to selling an option is that you expect markets to move sideways and volatility to fall going forward. Therefore if you are an option seller, you will be happy and profitable when markets enter the crab market phase and move into low volatility trading environments. Why do I say you want the market to move sideways and not go down when you sell a Call Option? Because even if it goes down a lot, the maximum you can earn is the premium as I mentioned above. This is a unique feature of options, because with spot or futures, you can only profit when prices go up, but if you sell options, you can profit if the price moves sideways and enters a crab market. Option Payoff Diagram of a Short ETH Call Option https://preview.redd.it/9eoo9e5qhkee1.png?width=1407&format=png&auto=webp&s=34f84d2380f5430c5e7879b3ed020d7ee2ad0e2c The above payoff diagram is for an ETH Put Option with Strike Price of $3400 and a premium received of $250. If ETH price goes up to $3650, your premium is wiped out, and if it continues going up above $4k, $5k, $6k, your losses are UNLIMITED. On the other hand if ETH price goes down all the way to $0, you still earn just the premium of $250. Option Payoff Diagram of Short Put Option https://preview.redd.it/35w6mx2rhkee1.png?width=1407&format=png&auto=webp&s=f97650b91345b632139ea5279f2c7d9e20e05f86 The above payoff diagram is for an ETH Put Option with Strike Price of $3400 and a premium received of $250. If ETH price goes down to $3150, your premium is wiped out, and if it continues going down to $0, your losses will be $3150. On the other hand if ETH price goes up even to $69k, you still earn just the premium of $250. Final Thoughts Since the profit is capped at the premium and the losses are unlimited, you must be very careful when entering this strategy. However, if market moves sideways or just goes slightly lower, this can be a lucrative strategy especially if ETH enters a very long crab market. submitted by /u/FattestLion [link] [comments]
ETH is a miracle
Tue, 21 Jan 2025 14:04:36submitted by /u/Creative_Ad7831 [link] [comments]
Court Lifts OFAC Sanctions on Tornado Cash: A Landmark Victory for Crypto Privacy Advocates - Is Alexey Pertsev's Release Imminent?
Wed, 22 Jan 2025 11:07:41I have just crossed my eyes with this Cointelegraph Tweet with really bullish news! https://preview.redd.it/w0lg2qh4tiee1.jpg?width=1280&format=pjpg&auto=webp&s=f22461bc690e7625182c453d9b86678f9d670a02 The whole crypto community is scoring today a huge victory because the court lifted OFAC sanctions on Tornado Cash. This decision is a change in direction on a never ending debate about financial privacy and regulatory oversight. As you may already know, Tornado Cash was sanctioned by US Department of Treasury Office of Foreign Assets Control (OFAC) in 2022 (damn, it feels like it was yesterday!). They alleged that this tool was used for illicit activities like money laundering and funding cybercrime. Defense argued it was just a tool and that the actions of this crimes should be the users. As you may also know, Alexey Pertsev one of the Tornado Cash devs was declared guilty of money laundering and sent to prison and since then a lot of people have been trying to fund and support his cause to get real justice and get him free. This are really bullish news for the whole crypto ecosystem regarding privacy coins and also for Alexey case which is still fighting to get free, will he get his deserved freedom soon? Source: Tweet: https://x.com/Cointelegraph/status/1882001200524173553 Disclaimer: The concept and ideas in this post come from my own thoughts and everything I have seen online during my three years in crypto. Any resemblance is purely coincidental. submitted by /u/kirtash93 [link] [comments]
Shiba Inu burn rate surges 600% in a day; What next for SHIB price?
Wed, 22 Jan 2025 14:48:15submitted by /u/AltruisticPops [link] [comments]
Ethereum core developer departs for AI amid leadership concerns
Wed, 22 Jan 2025 08:22:44submitted by /u/parishyou [link] [comments]
Hong Kong SFC: New licenses for virtual asset platforms
Wed, 22 Jan 2025 10:24:02submitted by /u/SigiNwanne [link] [comments]
Crypto firm pleads guilty to wash trading FBI-made token
Wed, 22 Jan 2025 07:22:58submitted by /u/SigiNwanne [link] [comments]
Trump to converge TradFi, crypto with regulatory clarity: Franklin CEO
Wed, 22 Jan 2025 04:16:42submitted by /u/SigiNwanne [link] [comments]
Ethereum ETF issuers expect staking to be greenlit soon: Joe Lubin
Wed, 22 Jan 2025 05:11:51submitted by /u/Wonderful_Bad6531 [link] [comments]
ETH vs SOL vs BNB vs BTC. Interesting observations
Wed, 22 Jan 2025 17:26:04If we measure ETH performance from last peak to current price we find that: 1 dollar invested at peak 2021 in: SOL almost 1 dollar BNB same but even slightly better than SOL BTC 1 dollar becomes 1.55 ETH 1 dollar becomes 68 cent The surprising finding is that BNB did better than SOL. Since no one is talking about it this seems unexpected. ETH has done worse than both BNB and SOL and would need to increase it's price by 47% to catch up. While this is significant and the this gap might increase further in the future it is also not as big as one would have expected from price talks. Much of the outperformance of SOL seem to due to the fact that SOL had a massive correction while ETH had much smaller correction and held up fairly well against BTC for a long time. If we look at the chart ETH and SOL had the same performance until end of July. Only after that SOL gained ground against ETH compared to last bullmarket peaks. Interestingly that date also coincides with the ETH ETF launch. In fact early ETH ETF saw net outflows probably due to the fact that many traders were stuck in Grayscale ETH trust which held $10B of ETH. Once the trust was converted to an ETF traders could finally exit their positions. this may have caused a dumping of ETH. The fact that Solana also dominated transactions and memes might also have an effect on relative price performance as well as other unknown reasons. It remains to be seen if there is a reversal of price trends. Historically ETH is very oversold. Measured in ETH, BNB seems to oscillate vs ETH making lower lows and lower highs since the start of the bear market while it spends a bit more time in higher valuation territories. There is no clear down or uptrend. It is currently in the higher ranges. Measured in ETH SOL has made a new ath compared to last bull market peak and grown 37% against ETH since 4 years ago and the chart looks like it is trending upwards. quite steadily. SOL compared to BNB on the other hand has ranged for 1 year and no clear up or downtrend can be seen. I guess the next 6-12 months will provide more clarity. ETH lagging seems to be a recent problem that goes back only 6 months and (coincidentally?) started with ETF launches. Another possibility could be that the increased liquidity of ETH ETFs was seen as an opportunity to unload larger positions. Only recently around November ETF net inflows seem to have picked up. submitted by /u/bitcorner22 [link] [comments]
Bank of America CEO Says Banking Industry Ready to 'Come in Hard' on Crypto Payments
Tue, 21 Jan 2025 21:32:22submitted by /u/parishyou [link] [comments]
Uniswap V4 Upgrade Is Set To Fully Launch Next Week!
Wed, 22 Jan 2025 04:16:04Decentralized exchange Uniswap has announced that its new and fourth version (V4) upgrade will be fully launched next week. V4 was originally meant to be deployed in Q3 of 2024 but remained in the testing phase for the rest of the year. Following months of suspense and teasing, Uniswap labs eventually announced on X hours ago that the deployment... "will begin rolling out this week for builders to test hooks and integrations onchain. We expect all contracts to be deployed for a full launch next week. DeFi renaissance in progress, contract addresses will be shared soon" What you should know Uniswap is the largest decentralized exchange by trading volume. Its primary operations and historical data are associated with Ethereum blockchain. However Uniswap has expanded beyond Ethereum to other blockchains that support ERC-20 tokens with versions like V2 and V3. V4 promises to further streamline swapping process, reduce costs, as well as attract more liquidity providers and traders. One of the key features that make V4 standout are "Hooks" which allows developers to execute custom code before and after swaps. Aside "Hooks" there are other interesting features like gas savings, flash accounting, dynamic fees, native ETH support, and multiple pool types. V4 deployment is promising for Uniswap's native token UNI as the more streamlined swapping process will lead to a high volume of transactions. As a result, demand for UNI could increase as more users engage with the platform and drive up its value. submitted by /u/BigRon1977 [link] [comments]
blur NFT marketplace vs Traditional NFT Platforms: A Detailed Comparison
Wed, 22 Jan 2025 06:23:57submitted by /u/Abdeliq [link] [comments]
Time changed 😂
Tue, 21 Jan 2025 10:43:41submitted by /u/Wonderful_Bad6531 [link] [comments]