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#BTC again gave a solid rejection off the support zone, and now the zone standing very strong. Still market structure is bearish at the moment, by NY Open we can expect some strong moves to the upside if H4 candle closed with a small body.
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Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As of 12/9/2024, we hold 40,435 BTC, currently valued at $3.9 billion based on a spot BTC price of $96,500.
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$1.75B were liquidated within the past 24H.
Trader in the market facing massive liquidation in the market due to huge wick down and ups.
#BTC dropped more than what we expected but the further drawn zones worked perfectly. Price once again rejected the zone very sharply around $95,000 - $95,300. Daily Candle must sustain above the $95,000 level, which will maintain the bullish market structure.
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What Are TEEs?
Trusted Execution Environments (TEEs) are secure areas within a main processor. They provide a protected space where sensitive code and data can operate without fear of tampering or observation from the outside world. In the context of web3, think of TEEs as impenetrable vaults within nodes or validators, safeguarding private keys, confidential smart contract data, and critical decentralized application (dApp) operations from potential threats in the broader network environment.
The concept of TEEs isn't new. It originated in the mid-2000s when the Open Mobile Terminal Platform (OMTP) defined them in their "Advanced Trusted Environment: OMTP TR1" standard. This standard outlined two security profiles: one targeting software attacks and another addressing both software and hardware threats.
At their core, TEEs consist of two main components: a hardware isolation mechanism and a secure operating system running on top of that isolation. This combination creates a robust barrier between the TEE and the rest of the system. Only trusted applications have access to the full power of the device's processor, peripherals, and memory within this protected zone. Meanwhile, the hardware isolation shields these resources from user-installed apps running in the main operating system.
TEEs rely on a "hardware root of trust" to prevent simulation by user-controlled software. This root of trust is typically a set of private keys embedded directly into the chip during manufacturing. These keys are immutable and serve as the foundation for the TEE's security model.
TEEs have become increasingly used in web3 to enable privacy-preserving smart contracts and enhance the security of decentralized applications. This trend has led to the development of TEE-based "confidential computing" platforms specifically designed for blockchains. They allow developers to build dApps that can process sensitive data off-chain while still maintaining the trust and transparency benefits of blockchains.
What Are They Used For in Web2?
TEEs have a wide range of applications across various industries, and are included as standard in all new NVIDIA H100 GPUs. They're commonly used in Digital Rights Management (DRM) to protect high-value content like 4K movies or premium audio from unauthorized access or copying. In the realm of mobile financial services, TEEs secure mobile wallets, contactless payments, and point-of-sale terminals by safeguarding sensitive financial data.
Authentication is another key use case for TEEs. They provide a secure environment for biometric identification methods such as facial recognition, fingerprint scanning, and voice authorization. Enterprises and government organizations leverage TEEs to handle confidential information on mobile devices and server infrastructure securely.
In the world of software development, TEEs enable secure modular programming. They allow for the creation of isolated, secure modules within larger software systems, enhancing overall security and reliability. With the rise of digital assets, TEEs are increasingly used to implement secure crypto-wallets, offering enhanced protection for storing and managing tokens.
#MASK push further upside and running profits around 18.90%. With that, the next strong resistance area is at $4.69 - $4.77. Try to scale-in with the trade and targeting the resistance mentioned.
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Here's the Analysis of #AR :
#AR flipped the key resistance area and making it into the major support zone of $25.91 - $26.71. Price gave a minor break of the trendline and still we can expect it to move higher as market is overall bullish. The next target area would be resistance around $34.64 - $35.43.
#ADA Update
Can't confirm anything yet
Wait for the proper news to out
The Long-Term Holder (LTH) Liveliness metric helps gauge Bitcoin holder behavior by measuring the balance between holding time and spending time. While the current supply distribution rate is higher than the March peak, the volume of coin destruction remains relatively low. This suggests that the Bitcoin being sold is from more recently acquired coins (around 6 months old) rather than long-held, older coins. In other words, the market is seeing active trading, but not a massive liquidation of long-standing Bitcoin holdings.
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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, Attempting to cross the build up resistance and need to a closing above $98,000 and best case will be $100,000 level. With that closing, price build the new support at $97,000.
Long-Term Holders are currently selling about 0.27% of their Bitcoin supply daily, which is historically significant. Out of all trading days recorded, only 177 have seen a higher rate of distribution. Notably, the current selling rate is more aggressive compared to the March 2024 all-time high, indicating a strategic and potentially calculated approach to selling their Bitcoin holdings.
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#ENA kept on rising and a new higher high. All trades working perfectly 215%, 128% and 64% in profits and try to secure some more profits here.
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Here's the Analysis of #STX :
#STX moving within the uptrend channel pattern and given a slightly break too. Price still bullish and expected a push towards the next key resistance area of $3.08 - $3.13.
#AUCTION had a very great pump and achieved all the target. Trade gave profit around 84% with 10x its around 840% profits.
Enjoy
Bitcoin is approaching the $100,000 milestone after reaching new all-time highs. Long-Term Holders (LTH) are now selling their Bitcoin holdings, taking advantage of the strong market. Since September, they've sold 507,000 Bitcoin, which is less than the 934,000 Bitcoin they sold during the March 2024 price rally.
The key points are preserved, but the language is more straightforward and the text is much shorter.
Here's the Analysis of #ORDI :
#ORDI dumping hard from the key resistance area of $47.86 - $51.21 and overall market is dropping hard. Price following the uptrend channel pattern and trying to break through it. If market sentiments remains bearish then we can expect a drop towards the $24.17 - $25.68.
How Are They Useful in Web3?
In the world of web3, TEEs offer several compelling advantages. They enable confidential smart contract execution, allowing developers to build dApps that protect sensitive user data without sacrificing functionality. By offloading complex computations to TEEs, blockchain can process transactions more efficiently, improving overall scalability.
TEEs can act as trusted intermediaries between different blockchain networks, facilitating secure cross-chain transactions and data exchange. They can also serve as secure environments for oracle computations, ensuring the integrity of external data fed into smart contracts.
TEEs are used by multiple projects for these purposes, including Secret Network, Oasis Network, Automata, Phala, Marlin, and Flashbots.
Some layer 2 scaling solutions leverage TEEs to perform off-chain computations securely, reducing the burden on the main blockchain while maintaining security guarantees. In the realm of decentralized finance (DeFi), TEEs enable the development of applications that can process sensitive financial data without exposing it to the public blockchain.
For crypto wallets and other blockchain applications, TEEs provide a secure environment for storing and managing private keys. This adds an extra layer of protection against potential attacks or breaches.
While TEEs offer significant benefits for web3 applications, it's important to note that they're not without challenges. The reliance on hardware manufacturers introduces a degree of centralization, which can be at odds with the decentralized ethos of many blockchain projects. Additionally, while rare, hardware vulnerabilities in TEEs can potentially compromise the security of the entire system.
Despite these challenges, the unique combination of security, performance, and flexibility offered by TEEs makes them a powerful tool in the web3 developer's arsenal. As the technology continues to evolve, we can expect to see even more innovative uses of TEEs in the blockchain space, pushing the boundaries of what's possible in decentralized systems.
How Do They Differ From Zero-knowledge Proofs?
While both TEEs and zero-knowledge proofs (ZKPs) aim to enhance privacy and security in digital systems, they approach these goals in fundamentally different ways. TEEs use hardware-based isolation and encryption to protect data and computations. ZKPs, on the other hand, are purely cryptographic protocols that allow one party to prove knowledge of information without revealing the information itself.
In terms of performance, TEEs generally offer better results for complex computations. ZKPs can be computationally expensive, especially for intricate proofs, although verification is typically fast. TEEs provide a more flexible environment for general-purpose computations, while ZKPs often require custom circuits for specific use cases, which can limit their applicability.
The trust models of these technologies also differ. TEEs rely on trust in the hardware manufacturer and the integrity of the hardware itself. ZKPs don't require trust in any third party but rely on the mathematical properties of the cryptographic protocols.
When it comes to data handling, TEEs can work with and protect large amounts of data in real-time. ZKPs are more suited to proving specific statements about data without revealing the data itself. In terms of scalability, TEEs can handle multiple users and applications concurrently with relative ease. Scaling ZKPs for multi-party scenarios can be more challenging, especially when privacy between parties is required.
#US30 UPDATE :
#US30 had a retracement phrase and gave a break below of the structural support zone. Index having a clean range to the left to dip all the way down towards 43,600 zone. That's the reason to always book profits and wait for the price action.
Here's the Analysis of #YFI :
#YFI had a very huge rally to the upside and rejected hard from the key resistance area (grey box) around $14,500 - $15,000. Now, price is going though the retracement phrase and kept on dropping towards the H4 Support area around $11,150 area. If price sustains over the level, then we can see a rally towards the previous Highs and can expect a breakout too.
In November, Long-Term Holders (LTHs) are experiencing a dramatic shift in their profit-to-loss ratio, primarily because almost all of their held Bitcoin is now in a profitable position. This indicates a strong market sentiment where nearly all LTH-held Bitcoin has appreciated in value. Historically, such periods of euphoria can persist for several months, provided there is continuous and significant new demand entering the market. The current scenario suggests a robust and optimistic Bitcoin market dynamic.
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#BTC have a good candle close on Weekly TF but now the best one, with that price formed the support at at $100,000 which currently price is retesting out and next zone is at $97,000. Have a look at these zones and try to get on the in altcoins with the area.
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What Are Treasury Bills (T-Bills)?
Treasury bills (T-Bills) are essentially short-term U.S. government debt obligations that are backed by the Treasury Department with a maturity in a year or less.
Treasury bills are typically sold in denominations of $1,000, and some can even reach a maximum denomination of $5 million when in non-competitive bids.
As such, these securities are widely regarded as a low-risk as well as a secure investment.
The U.S. government issues treasury bills to fund different public projects, for example, the construction of highways, and when an investor purchases a treasury bill, the U.S. government is writing an "I owe you" letter to the investors. This means that treasury bills are considered safe as well as conservative investments since the U.S. government backs them.
Treasury bills are held until their maturity date; however, some holders might want to cash out before the maturity and realize the short-term interest gains through reselling the investment to the secondary market.
Discussing treasury bill maturities, they can have maturities of just a few days up to a maximum of 52 weeks. Keep in mind that the longer a maturity date is, the higher the interest rate that the treasury bill will pay to the investor.
Treasury bills are issued at a discount from the face value of the bill, and this means that the purchase is less than the face value of the bill itself.
Over time, when the treasury bill ends up maturing, the investor is paid the face value of the bill they bought. If the face value amount is greater than the purchase price, the difference is in the interest earned for the investor. Keep in mind that treasury bills do not pay regular interest payments as with a coupon bond, for example; however, a treasury bill does have an interest which is reflected on the amount it pays when it ends up maturing.
#DXY UPDATE :
#DXY turned bearish as said and now moving lower after the retest, with that we saw a fruitful push in market. Now Index is approaching towards the support zone 104.87% - 105.18% where market might go into consolidation or a healthy retracement phrase.
Here's the Analysis of #ZRO :
#ZRO kept on printing the new higher high and now sitting on the structural support zone of $6.79 - $6.91 and expected to further higher in this bullrun.
#ENS flipped the zone and started consolidating over the strong support zone. Price showing strong buyer from here and need to see some sort of new Higher high sooner, attempting buys looks good here.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN surpasses the $100,000 mark and dumped hard yesterday. Price rejected strong from the drawn level at support and had a indecision closing. Price moving back and forth of $100K level and expected further move with a retracement in next week.
#AUCTION another call given and achieved the 2nd target and 47% in profit and with 10x leverage its around 470% in profits
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What Is a TRC-20 Token?
The TRC-20 token standard allows for tokens to be created on the TRON network. It defines the functions that need to be implemented so that a token can be accepted as a standard TRC20 token.
The TRC-20 standard is similar to the ERC-20 standard used for Ethereum tokens and is intended to be fully compatible with it.
For the TRC-20 protocol to work correctly, the token's contract is required to implement several functions. There are three optional items and six required items that need to be defined in TRC-20 token development.
The following are some of the functions that are used in TRON's TRC20 implementation.
Optional items: Name, Abbreviation, Precision
Required items: totalSupply, balanceOf, transfer, transferFrom, approve, allowance
TRON Virtual Machine is a lightweight, complete VM. Its purpose is to offer millions of developers a custom-built system for an efficient, easy, safe, and scalable blockchain.
Before TVM was launched on May 25th, 2018, TRON had already been working on some additional functions to improve the security and usability of the protocol. TVM makes TRON more secure and robust without compromising the high TPS (transaction per second). It also enables compatibility with Ethereum. The TVM will be fully compatible with Ethereum smart contracts by using its own pluggable smart contract engine. Ultimately, this compatibility will allow Ethereum developers to easily migrate their smart contracts onto the TRON network.
TRON blockchain is an open-source protocol serving the digital content distribution space. It extends its support for several blockchains and smart contract systems. These include Bitcoin, Ethereum, and many public blockchain networks. TRON offers a multiprotocol infrastructure to developers for application development in the digital entertainment industry, allowing users to benefit from smooth multiprotocol smart networks.
It uses its own cryptocurrency (TRX) to enable access to different services offered on its platform. Customers can pay using TRX for the services they use. The platform enables one-on-one interaction between consumers of content and the content creators.
The TRON network is secured by Delegated Proof-of-Stake (DPoS), which means that the stakeholders of TRX elect Super Representatives who are responsible for validating transactions and maintaining the network.
#FTm worked pretty well, and attempted to print new Higher high still facing resistance back for previous high. Price dipped into the support zone as i hope you bought the level, trade running at decent nearly about 15% in profits. Try to secure some or trail the stops.
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