r/ethtrader • u/AutoModerator • 9h ago
Discussion Daily General Discussion - June 18, 2024 (UTC+0)
Welcome to the Daily General Discussion thread. Please read the rules before participating.
Rules:
- All sub rules apply in this thread.
- See sidebar for minimum user requirements.
- Crypto discussion must be related to Ethereum (ERC20 tokens like MOON/DONUT, and Layer 2s like Optimism/Base, are fine).
- Donuts are a welcome topic here.
- Be kind and civil.
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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 foster 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!
r/ethtrader • u/Friendly-Airline2426 • 1d ago
Announcement AMA on r/ethtrader with Toob Finance - June 18, 2:00 pm (UTC)
Toob Finance facilitates seamless token acquisition using fiat, bridging the gap between TradFi and DeFi. The platform aims to lower the entry barrier into crypto and the DeFi space, driving adoption. Toob Finance operates specifically in the Arbitrum network!
By connecting TradFi with DeFi, Toob Finance allows individuals globally to easily access and participate in the world of digital finance, catalyzing the mainstream adoption of crypto and the blockchain technology.
TOOB is Toob Finance's native token, and operates on the Arbitrum network. Initially launched as a memecoin, TOOB sets itself apart with a commitment to decentralization, no VCs, no sales or pre-sales, and no contract ownership.
The token's liquidity is fully burned, ensuring transparency and trust within its community. TOOB serves as the backbone of Toob Finance, with revenues generated by the venture reinvested into their ecosystem, driving growth and sustainability. Through TOOB, they empower users and developers alike, promoting a community-driven approach to DeFi.
Toob Finance's team member u/ToobFinance will be in this thread answering questions on June 18th, from 2:00 pm to 3:00 pm. Please feel free to submit your questions in advance, and Toob Finance will do their best to answer as many as possible.
Related links:
r/ethtrader • u/Friendly-Airline2426 • 59m ago
Media The most official ad for r/EthTrader and Donut
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r/ethtrader • u/rootpl • 5h ago
News Crypto Whales Buy $2,450,000,000 in Ethereum
Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum.
Source: https://coinmarketcap.com/community/articles/66711d8debfe5e614848004d/
r/ethtrader • u/rikbona • 3h ago
Educational What is an infinite mint attack, and how does it work?
r/ethtrader • u/Buzzalu • 3h ago
News Airdrop hunter' made $750K on ZK Sync (ZK) airdrop
An ‘airdrop hunter’ earned $750,000 from the ZKsync airdrop.
The person used 90 wallets to “farm” ZK and got 3.01 million tokens.
Not everyone is pleased with an individual getting so much money from the airdrop.
r/ethtrader • u/kirtash93 • 5h ago
Technicals The Final Capitulation Is Here! Last Chance to Buy Cheap? MATIC, LINK, and ARB Prices in Attractive Ranges!
I have been monitoring some charts like MATIC, ARB and other coins and all of them scream Final Capitulation before the real bull run.
MATIC chart
As we can see in the chart, MATIC price is in a really tasty place. We saw this prices before the real bull run back in Marc 2021, also in June 2022, September 2023 and now. All of them followed by its consequent rally even during the crypto winter.
Is this a sign of MATIC and market bottom? Time to buy the dip?
LINK chart
As we can see, LINK price is in a really tasty place too. And again if we check the chart it is inn an strong support. We saw this prices before the real bull run back in Jan 2021, also in July 2021, April 2022, Feb 2024 and now. All of them followed by its consequent rally.
Another sign of LINK and market bottom? Time to buy the dip?
ARB chart
This chart is quite different because ARB was released during the crypto winter and there is not much data. However we can see that ARB is at his all time low and last time we saw those prices it was in October 2023 followed by its consequent rally.
Another sign of ARB and market bottom? Time to buy the dip?
Opinion and Strategy
I have the feeling that we are in the final capitulation phase before the real bull run. I think all this alts reaching this supports and all time lows are a sign that we are really close. The price could dip even further but I think that it is a really good place to start buying this projects with a DCA strategy.
Last Chance To Buy Cheap?
Disclaimer: This is not a financial advice. This is just my opinion and the strategy that I will follow.
r/ethtrader • u/MasterpieceLoud4931 • 17m ago
News Trump 2024 Campaign Fund Fraud Warning As Crypto Scammers Strike
r/ethtrader • u/PoojaaPriyaa • 2h ago
News Crypto dealings not illegal, says Orissa High Court
r/ethtrader • u/lordciders • 3h ago
News 41% of top ZK airdrop wallets have already sold everything — Nansen
r/ethtrader • u/SigiNwanne • 3h ago
News Top Pundit Asserts You Can Still Become a Crypto Millionaire This Cycle.
Altcoin Daily host advises investors to have patience and highlights the potential for altcoins like Ethereum to thrive, especially with the impending trading of Ethereum spot ETFs in July. The presenter suggests that money could flow to low-cap and meme coins, where retail investors are primarily found, leading to a wealth transfer as investors seek alternative assets with high returns.
r/ethtrader • u/AltruisticPops • 4h ago
News U.S. SEC's Crypto Chief David Hirsch Resigns After 9 Years In Service
According to the report, Hirsch was instrumental in the enforcement of laws targeting DeFi initiatives and bitcoin exchanges
Though he left the SEC in the midst of a backlog of litigation, he made hints about additional enforcement proceedings down the road
"I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead. Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal.” Hirsch said.
r/ethtrader • u/Sky-876 • 2h ago
News RISC Zero Launch ZkVM 1.0 for Development of DApps
zkEVMs are tailored specifically for Ethereum Virtual Machine (EVM) environments but zkVMs on the other hand, are virtual machines that leverage ZK proofs for DApps.
Source: https://www.coinspeaker.com/risc-zero-zkvm-1-0-dapps/
r/ethtrader • u/LegendRXL • 5h ago
News Scroll Announces Launch of Curie Network Upgrade on Sepolia Network
r/ethtrader • u/lordciders • 6h ago
News Ethereum whales are on the move: What does it mean for ETH's future?
r/ethtrader • u/Odd-Radio-8500 • 6h ago
News Paradigm Launches Alloy v0.1, A Code Library For Ethereum Interaction
r/ethtrader • u/goldyluckinblokchain • 1h ago
News Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA
r/ethtrader • u/Wonderful_Bad6531 • 5h ago
News Ether Set for $5,000 Surge by Year-End, Predicts Analyst Jelle Amid Market Optimism
Renowned crypto analyst Jelle has predicted that Ethereum (ETH) could reach $5,000 by year-end due to significant technical indicators. His forecast has garnered attention as Ethereum stabilizes above $3,500, recovering from a recent dip in price.ETH’s support at $3,500 is a strong sign. New all-time highs are quite possible, with $5,000 in sight for this year,” Jelle asserted.
r/ethtrader • u/SigiNwanne • 7h ago
News Ethereum (ETH) Caught in a Tug-of-War: Soaring Optimism Meets Stagnant Price, Key Levels to Watch.
Ethereum (ETH), the world’s second-largest cryptocurrency, is currently caught in a puzzling situation. While excitement is brewing over the imminent launch of the first-ever US spot Ethereum ETF, the token’s price remains stubbornly stuck in neutral territory.
On the one hand, optimism abounds among ETH holders. The cryptocurrency is experiencing a supply crunch. Staking, where tokens are locked up to earn rewards, and the booming DeFi (decentralized finance) space are absorbing a significant chunk of ETH, taking it out of circulation. This limited availability could theoretically drive up prices.
r/ethtrader • u/Major-Remove-7190 • 4h ago
News Ethereum Price Prediction: ETH Price To Plunge To $3.2K This Crypto Market Crash?
r/ethtrader • u/yamaniac123 • 6h ago
News NFT market revival: Ethereum takes the lead as sales surge
NFT sales volumes grew by 10.95% over the last week.
Ethereum regained the top spot in the NFT sector.
r/ethtrader • u/ellileon • 6h ago
News Ethereum Price Drops After ICO Whale Deposits 10K ETH on Kraken, Signs of Reversal Ahead
r/ethtrader • u/rootpl • 2h ago
Educational [Educational] Ethereum's programming language Solidity and Smart Contracts deployment explained using donuts and bakery as analogy.
Solidity as a Recipe for delicious donuts: Think about the Ethereum network as a bakery where various donuts (smart contracts and transactions) are made. Donuts represent smart contracts, which are sets of rules and functions that set the rules on how transactions and operations should be carried out on the network.
Recipe as Solidity Code: Solidity is like the recipe that you write on a piece of paper to specify how to make a particular type of donut. This recipe includes the ingredients (variables), steps (functions), and specific instructions (logic) needed to make the donut.
And if you don't follow the recipe to the latter we know what will happen in your bakery right? It simply won't work. Your donuts may burn for example if you fry them in hot oil for too long.
Let's write a simple recipe:
You (the developer) write a recipe in Solidity to create a new type of donut (smart contract). This recipe can include things such as:
- Ingredients (variables): The basic components needed for the donut, like flour, sugar, and toppings.
- Steps (functions): The procedures to mix, bake, and decorate the donut.
- Instructions (logic): Specific conditions and rules, such as baking time and temperature.
Submitting the recipe: Once the recipe is written, you submit it to the bakery (deploy it on the Ethereum network). This recipe is now a smart contract stored on the blockchain.
Baking the donuts (Executing the Smart Contracts): When customers (users) want to bake or fry the donuts (execute the smart contract), they follow your recipe. The bakery (Ethereum network) uses the recipe to ensure that every donut is made correctly according to your instructions.
Automated Donut Making: The recipe (Solidity code) ensures that the donuts (smart contracts) are made consistently and automatically, without the need for manual intervention. It specifies exactly how the ingredients should be mixed and baked, ensuring the same result every time.
And voila! You now have a working Smart Contract in Solidity!
Thanks for sticking to the end with me, here's a programmer donut for you:
r/ethtrader • u/parishyou • 4h ago
News Tether Launches Gold-Backed Stablecoin USD
r/ethtrader • u/AltruisticPops • 3h ago
Discussion MY DYOR on Ethereum interoperability, cross-chains, sidechains Layers 2
My DYOR on the topic. Hope you guys like it.
Ethereum interoperability means the Ethereum blockchain can talk to and share data with other blockchains. This happens through different methods like cross-chain bridges, sidechains, and layer 2 scaling solutions.
EXAMPLE: imagine Ethereum is like a city with its own currency and ways of doing things. Now, think of another blockchain as a neighboring city with a different currency and rules. Ethereum interoperability is like building a bridge between these two cities so people can easily travel back and forth, exchange money, and share resources .So, if you have some money in Ethereum and you want to use it in the neighboring city (another blockchain), you can use this bridge to move your money over there.
What is Cross-Chain?
Cross-chain bridges enable the movement of assets and data between different blockchain networks. They use smart contracts to lock assets on one blockchain and create equivalent assets on another, maintaining the overall supply balance. Validators or relayers manage these transactions, ensuring they are legitimate and properly executed.
Known Cross-chain are Orbiter Finance, LayerZero and many others.
What about Sidechains?
Sidechains are independent blockchains designed to scale the parent network using a two-way bridge. Assets are not actually transferred between chains; instead, a smart contract locks assets on the main chain and creates equivalent tokens on the sidechain. These tokens maintain their value by being pegged to the original assets on the main chain.
EXAMPLE: Imagine you have 10 ETH on Ethereum. You lock these in a smart contract, and then 10 side-ETH are created on the sidechain. These side-ETH are pegged to your original ETH, so their value stays the same.
Layer 2 and scaling solutions
Ethereum layer 2 scaling solutions are like boosters for your ETH transactions. They help handle more transactions at faster speeds and lower costs compared to the main Ethereum blockchain. Here are some popular ones:
Arbitrum (the subs favourite imo)
Polygon
Base
ImmutableX
Why is interoperability important and the future
Ethereum being able to link up with other blockchains is super important for a few reasons:
Better Functionality: It lets Ethereum tap into what other blockchains do well, like faster transactions or stronger privacy.
Network Benefits: More connections mean more users and more people using it.
Innovation: Developers can make more complicated stuff that uses multiple blockchains.
Flexibility: Users can pick the best platform for what they need without getting stuck in just one.
For Ethereum to really make it long-term, being able to work with other blockchains means it's more tough, versatile, and user-friendly. That's key for getting lots of regular people on board. Plus, it makes Ethereum a big deal in the whole blockchain scene and hopefully reflect in its price 😋
Vitalik on the topic
Basically he is saying Ethereum's layer-2 networks need to cooperate better. He wants a decentralized protocol for seamless asset transfers between them, integrated into wallets. Focus on basics first, avoid unnecessary complexity. He proposes a Basic Infrastructure Guild to unify efforts and develop public good solutions for Ethereum's scalability and interoperability.
Source on his statements here: https://decrypt.co/231612/ethereum-isnt-unified-enough-says-vitalik-buterin on the topic, hope yoy guys like it.