Validator Limits Debated in Ethereum
In Ethereum, core developers are discussing the advantages and disadvantages of lowering validator limits from 32 Ethereum to 2048 Ethereum. Michael Neuder of the Ethereum Foundation stated that he submitted this proposal due to concerns about decentralization, inflation and the size of validator sets. Neuder acknowledged that 32 ETH increases decentralization, but stressed the drawbacks of a significant number of validator entries.
Indonesia Shares Tradeable Crypto List
Indonesia shared a list of crypto assets that they consider tradable as part of crypto adoption. There are 501 coins on the list. In addition to XRP, ADA, SOL, DOT, SAND and ATOM coins mentioned in the SEC case were also included in the list.
Bitcoin Mining Difficulty Continues to Rise
We see that the difficulty of BTC mining continues to increase in today’s market conditions, with new miners joining the market and old miners continuing to produce. Since the block production level needs to be every 10 minutes, it is known that it is getting harder to produce blocks with the increase in the number of miners. Increasing difficulty requires more hashing power and energy for block production. When we look at the Bitcoin difficulty graph, we see that the difficulty level has increased to 52.35 trillion hash levels and is at the highest level in history. This level is expected to rise to 53 trillion hashes by the end of June.
Bitcoin Exceeds 50% Market Dominance
While Bitcoin managed to surpass the 27,000 level with the rise it realized on Friday and Monday, the anxiety caused by SEC lawsuits is driving investors away from altcoins. Therefore, the fact that crypto asset investors prefer Bitcoin first has caused Bitcoin’s market dominance to rise above 50% after 2 years. Dominance is the ratio of the market capitalization of Bitcoin to the total market capitalization of all crypto assets.
Russia’s Energy Ministry Plans to Legalize Crypto Mining
Russia’s Energy Ministry continues its efforts to legalize industrial crypto mining, while asking the parliament for a new bill on mining. Deputy Energy Minister Pavel Snikkars said that the ministry supports the legalization of mining and is waiting for mining taxation to be approved by MPs. He added that they hope crypto miners will be classified as energy consumers and that taxation will come for this group as well.
IMF to Build Platform for CBDCs
The International Monetary Fund (IMF) yesterday unveiled a new platform for central bank digital currencies and tokenized assets. The XC platform will be able to operate domestically using tokenized assets without being dependent on CBDCs. IMF President Kristalina Georgieva made important statements on CBDCs. Stating that CBDCs should not be evaluated and disaggregated on a national basis, Georgieva emphasized that there is a need for interoperability and systems to connect countries in order to have more efficient and fair transactions.
BITCOIN [BTC]
Bitcoin is pricing at $ 26,795 with a 0.19% gain in value as of today morning hours. We see that Bitcoin realized the 26,800 breakthrough with the rise it realized in the evening hours after yesterday’s inactivity and is trying to stay above this level for now. Unlike Bitcoin, which broke through with the high volume that entered, there was no major price movement in the bottoms, while Bitcoin returned from 27,400, the resistance of the descending movement it has been making for the last 2 months. With the recent rises, Bitcoin’s dominance has managed to rise above the 50% level.
ETHEREUM [ETH]
ETH, which lost 0.21% as of morning hours, is priced at $ 1726. In Ethereum, we see that the movement in the range of 1715-1770 has narrowed further to the range of 1720-1750 and the volume has fallen well. Unless 1720 support is broken in Ethereum, we will continue to see long-weighted positioning. We can say that it may make sense to have stop orders below the 1690 level to position in Ethereum.
