#geminiearn #BTC #BTC $BTC

In the token field, when comparing with ARC20, the term used in the ARC20 white paper is FT (token) instead of token. Both methods have their own advantages and disadvantages: Advantages: 1. Direct transfer: ARC20 allows direct transfer without the need for cumbersome inscription transfer operations like inscription (token). 2. Batch sending: It has the function of one-to-many batch sending, which improves the efficiency of operations. 3. Eliminate the inscription layer: ARC20 eliminates the inscription layer and can perform various intelligent operations. 4. 1 Satoshi corresponds to 1 FT: ARC20 implements a simple and direct conversion of 1 Satoshi to 1 FT, without the need for complex indexing to grant credit. 5. Native DeFi: In the future, ARC20 is expected to build DeFi applications that are more native to the Bitcoin chain and more closely integrated into the Bitcoin ecosystem, avoiding the need to build complex inscription layer facilities. Disadvantages: 1. Minimum transfer limit: Currently, the minimum transferable amount of ARC20 is 546 satoshis, and smaller subdivision transfers cannot be made. 2. Precision limitation: The native precision of ARC20 only includes 1-digit integer. If you need to achieve precision after the decimal point, you may need to use other means. Overall, the ARC20 token has the advantage of providing a more direct and efficient transaction method, but it also has some limitations, such as the minimum amount and accuracy issues for subdivided transfers. Its future prospects may be affected by market acceptance and technological improvements. I still recommend that everyone go to the bottom to lay out the BRC-20 ETCS project, which can be bought, sold and pledged on ok exchange and unisat. #ARC20 #ETCS #geminiearn #etf #bnbgreenfield ETCS$BTC $ETH $BNB

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.
Adams deployed the HAY token for testing five years ago, before the launch of the decentralized protocol Uniswap. He created a small test liquidity pool with a tiny fraction of the total supply and kept over 99.9% of HAY tokens in his wallet. Just a few weeks ago, the token was trading like a memecoin in the six-figure range:
"Over the years, a few people have noticed it and bought it as a joke/for the novelty of it. Was extremely surprised to see people buying and selling significant dollar amounts this past week, treating it like a memecoin. Crypto can be weird sometimes."
According to Adam's post, about $650 billion worth of HAY tokens were burned. The Uniswap’s founder dubbed price speculation as "silly," noting that he does not want his profile picture associated with the token:
"Ultimately, I’m uncomfortable owning almost the entire supply (~99.99%) of a token that people are memeing and speculating on, so I decided to burn the full amount in my wallet (”valued” at an absurd ~$650b)."
When a token is burned, it is permanently removed from circulation. But it also creates inflationary effects on their price since it decreases the amount of available units. At the time of writing, the HAY token is traded at $2,392,640, up over 235% in the past 24 hours, according to CoinGecko.
Adam’s move raised a few eyebrows on X. Aside from the impact on the HAY price, users pointed out that the token burning could be considered a taxable event. "Assuming a cost basis of $0, a ~$650 billion disposal gives rise to ~$128 billion long-term capital gains liability," wrote a user.
Others suggested that Adams could have sold the tokens before burning them and donated the profits. Your tip helps to use better tools to make better reasearchs and find the best and safest investments for all ecosystems. Share some love in the Tip button💛👇

Powell is more dovish than his colleagues. Big pie spot ETFs are a magnet, and there are only 80 days left before January 10, when investment banks generally expect the U.S. Securities and Exchange Commission (SEC) to approve multiple big pie spot ETFs. Back to the topic: The U.S. Office of the Comptroller of the Currency (OCC), the independent agency responsible for supervising U.S. commercial banks, will hold a seminar on tokenization in February 2024. It will discuss the legal basis of tokens, tokenization use cases, Risk management considerations and an economic study of tokenization. The U.S. Securities and Exchange Commission (SEC) has dropped charges against Ripple CEO Brad Garlinghouse and executive director Chris Larsen. Ripple said that this is Ripple’s third victory after the court ruling in July 2023 declared that “XRP itself is not a security” and the SEC’s interlocutory appeal request was rejected in October. Stablecoin issuer Tether issued an additional 1 billion USDT on the TRON network. (Authorized to be released temporarily) U.S. hedge fund Runa Digital Assets has completed a fundraising of US$42.5 million and plans to conduct cryptocurrency and digital asset investment market research institution Fact.MR reports on the increase in BTC usage, technological progress and investor interest. The growth of the cryptocurrency ATM market has driven the growth of the cryptocurrency ATM market, which will reach US$16.85 billion by 2033. Glassnode data shows that 76.2% of BTC in the BTC network are locked by long-term holders, a record high. Enigma Fund founder Enigma Funge said that it is predicted that BTC and ETH spot ETFs will be approved during Gary Gensler’s tenure. The time span is only 6 months at most. By Christmas, we may all have good news. The cryptocurrency winter may be over, according to Morgan Stanley, which is examining whether the recent bear market in digital assets is over. Morgan Stanley pointed out that in previous cryptocurrency winters, BTC’s troughs occurred 12 to 14 months after the peak. The cryptocurrency reached an all-time high of around $68,000 in November 2021, before bottoming out a year later. By intentionally limiting the supply of new BTC, the shortage caused by the halving could affect the price of BTC, potentially spurring a bull run, which has occurred three times since BTC's inception, each lasting between 12 and 18 months. Matrixport research pointed out that if the BlackRock BTC ETF is approved, the BTC price will conservatively rise to 4.20,000 US dollars; optimistic estimates suggest that if there is an inflow of 50 billion US dollars, BTC may rise to 56,000 US dollars. The pie rose again to $30,000, surpassing Monday’s ETF fake news high. Because it is true news that the ETF will be approved sooner or later, there are only 80 days left before the U.S. Securities and Exchange Commission (SEC) approves multiple BTC spot ETFs before January 10, which is widely expected by investment banks. Once the SEC chooses to release it, it will mean that the U.S. securities market will welcome BTC spot ETFs for the first time in history, and it is very likely that a large number of ETFs will appear together, including asset management giants such as BlackRock, Fidelity, and Invesco. SEC Director Gary Gensler said on Wednesday that the regulator has about 8-10 (BTC spot ETF) applications on hand and is still in the process of weighing them. The lawsuit between the SEC and Grayscale will end tonight. On August 29th, the SEC lost the case "rejecting Grayscale's decision to convert GBTC to spot ETF". On October 13th, the SEC did not appeal. According to legal procedures, this judgment will take effect 7 days later (this Friday, possibly next Monday). Grayscale has submitted an S-3 document to the SEC on Thursday, applying to register GBTC shares (listed spot ETF) in accordance with the U.S. Securities Act. Last night, in his last public statement before the hiatus, Powell was more dovish than his colleagues, suggesting that he was pleased with the fall in inflation this summer and that the Fed was unlikely to raise interest rates again unless there was clear evidence that economic activity A strengthening would jeopardize inflation progress. Powell's remarks and those of other Fed members hinted that they are prepared to keep interest rates unchanged at the next meeting, which will be held from October 30 to November 1. (U.S. stocks are currently suffering from the negative impact of regional conflicts, and safe-haven gold futures have once again risen above $2,000. It is rare for the market to keep pace with gold) Fed Logan said: The use of the Federal Reserve’s reverse repurchase facility (RRP) needs to be close to zero , it is uncertain at what speed the reverse repo facility will be reduced. There is currently US$1.1 trillion in idle funds in the Fed's reverse repurchase facility, which is declining almost every day and flowing into the market (mainly the bond market, and then other markets). Following ARK, Fidelity, and Invesco, BlackRock also submitted a revised BTC spot ETF application today, indicating that ETF issuers are conducting friendly exchanges and "negotiations" with the U.S. Securities and Exchange Commission (SEC).Big pie spot ETFs are a magnet. Recently, investment banks have predicted how much funds BTC spot funds can attract from the US$30 trillion capital market in the United States. The predictions range from US$50 billion to US$150 billion, which is equivalent to the "natives" of the crypto circle. "2.5-7.5 times the holdings of Grayscale Pie. The bull market is enough. (Big pie spot funds are not like other "good" one-shot purchases in the past. Spot funds start from scratch and accumulate physical BTC. This process will last for many years. Refer to the first gold fund approved by the US Securities and Exchange Commission in 2004. Listed on the New York Stock Exchange, continued to attract gold, and gave birth to a bull market) #etf #zkevm #geminiearn