landon

@dave1987

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Elon Musk recently made a big announcement: he plans to shut down D.O.G.E. (Government Efficiency Unit), which he started with entrepreneur Vivek Ramaswamy, by June 2026. The ministry was supposed to make government work more efficiently and solve some of the problems of procrastination. Musk believes that even if the reform goal is big, there must be a clear deadline. Coincidentally, the timing of the closure coincided with the 250th anniversary of American independence, which felt like a fresh start for the country.

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The recent surge in the price of Ethereum (ETH) has caused widespread concern in the market. The DeFi ecological boom is believed to be the main factor driving up ETH prices. Do you think ETH can continue its strong momentum and even break the $4,000 mark?

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My post from 1.5 years about "assessing demand drivers for ETH" had the line "Needless to say, we’ll need to wait for EIP-4844 to assess this." Now that EIP-4844 is out for half a year, it's indeed time to do so. As such, I'd downgrade the significance of "L2 fee burns" from 2/10 to 1/10. While it's very likely demand for blobspace is gradually going up, supply is up even more with PeerDAS imminent, plus full sharding & Nielsen's Law making blob count up only. Cross-L2 interoperability has also been much less required than anticipated, as most users are happy to stick to their chosen L2, or bridge between only occasionally So, why was I (mildly) wrong? I did not fully understand the concept of strict global consensus then, which I only wrote about in depth later in 2023. With a better grasp of the true demand landscape for blobspace, the 1/10 is obvious Also, this is great for Ethereum/ETH in the same way as building public roads https://polynya.mirror.xyz/GPC26Y_rlwCyPpj_N3HeW_izY1-pIVwKW5bjuPNrGeQ

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Us tech giants, led by Nvidia, fell again today, with Bitcoin falling below $56,000 and Ethereum hitting as low as $2,306. Perhaps since the sharp fall of August 5, the trend of the month line has been doomed, and August's close also hinted at a gloomy September. Statistics show that since 2009, bitcoin has a higher probability of falling in September and rising in October. As things stand, the analysis is of little significance. I suggest you stay on the sidelines and wait patiently for the market to recover.

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According to Planet X, Pelham posted that in an interview, Kamala Harris said, Brazil was right to shut down Platform X, and all social media platforms should be subject to government censorship, including closing accounts of political opponents.

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Does Vitalik understand DeFi or not

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Vitalik Buterin

It was a mistake to use the word "toffee" for some candy thing. I just accidentally made a 50/50 tea+coffee mix, and coffee people actually liked it. We should call that toffee instead.

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Gold 10 data august 25 - according to china and gold macro, federal reserve chairman powell released a clear signal to cut interest rates at the jackson hole meeting, September rate cut is a foregone conclusion. Powell stressed that downside risks to employment have increased, that the time has come for policy adjustments, and that the Fed will do everything it can to prop up the labor market. But he made no comment on the size or speed of the rate cut, leaving room for further action. The benchmark scenario remains that the Fed will cut interest rates by 25 basis points in September and could cut interest rates by 50 basis points if the non-farm data unexpectedly weakens again. Markets reacted positively to Mr Powell's early announcement of a rate cut because it responded to concerns that the Fed was "behind the curve". Wall Street believes the Fed will not hesitate to act if the labor market continues to weaken. (Replicated from: Jin Shi Data)

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News on August 20, Ethereum L2 network Linea announced the launch of Surge Volt 4 incentive activities, the Volt mainly focuses on the liquidity of stable currency, and users can obtain LXP-L gain by depositing stable currency. Volt 4 will provide a 10% higher LXP-L than Volt 5. Users can pledge LXP-L on Linea front end.

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According to the latest Coin Gecko report, in the first half of this year, Uniswap is the largest ETH destruction application protocol, with a total of approximately 71,915 ETH destroyed. The destruction rate decreased by 72.4 per cent month-on-month, from 54,413 ETH in the first quarter to 15,031 ETH in the second quarter.

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I've been finding quality of posts and discourse on Farcaster consistently high recently. My impression is that it got spammy around 6 months ago, but since then has quietly improved a lotl

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Over the past week, the cryptocurrency market has begun to enter a shock correction phase after the plunge on August 5. The market is gradually getting rid of the influence of the external mainstream financial environment and news surface, entering a new shock cycle. While the market is showing signs of recovery, it may be difficult to return to pre-slump levels in the short term. This cycle of volatility is expected to last one to two weeks.

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According to ChainCatcher, Solana has a market capitalization of about $68.04 billion, according to Marketcap's latest data. Ranked No. 299 in asset market value; Mercedes-Benz, with a market capitalization of about $67.96 billion, ranks the 300th by asset value.

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good👍 👍 👍

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Short selling is extremely difficult, but the rewards are not proportional. If the daily line does not break the upward trend, do not consider short selling. Because there is a high probability that you will go bankrupt. Wealth must be accumulated step by step.

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