Ethereum has quietly upgraded, this time technically. I haven't looked into many details, but it seems that some improvements have been made regarding gas consumption, which won't have a significant impact on the economic model in the short term. Many people say that Ethereum upgrades don't pump, which indicates that Ethereum is failing. Then I wonder, why should an upgrade constitute significant Favourable Information? If that's the case, a project could just keep upgrading to pump. Therefore, the underlying logic that an upgrade should lead to a rise actually does not exist.

Speaking of a few other good pieces of news, one is that Futu Crypto has officially supported BTC/ETH/USDT deposits. It can be seen that cryptocurrencies are gradually being recognized by the traditional financial market, and more funds will choose to enter the cryptocurrency space. Meanwhile, Ethereum's low position is only second to BTC, including ETFs; currently, spot ETFs have only passed for BTC and ETH. From an absolute safety perspective, Bitcoin is definitely the first choice, especially for large funds, just buy Bitcoin. However, if you still want to take a chance on the rise, in the next six months, ETH is more suitable.
Another piece of good news is that New Hampshire has signed a "Live Free or Die" national currency policy bill, allowing a Bitcoin holding limit of 5% of the state's total funds. Although it is not a large state, it is also the first step for some states in the U.S. to start strategically investing in Bitcoin with government funds. Companies like Bitwise are continuing to increase their spot holdings, which may also be the main reason why Bitcoin's price remains so strong. After a period of fluctuating upward, Bitcoin's price has reached 97,000 USD again, which is really impressive.
As for other markets, it's indeed a bit difficult to evaluate. Whether it's the exchange rate or relative to its historical price, the trend is not satisfactory. What I'm looking forward to now is for Bitcoin to break 100,000 and then drive the market into a wave of crazy trends. At that time, I will clear out the altcoins. For altcoins, the rotation of hotspots is too fast, and the issuance of new coins is too rapid, so holding onto altcoins for the long term is quite painful.
In addition to Futu Securities and Tiger Brokers focusing on opportunities in the cryptocurrency trading field, there are actually some cryptocurrency platforms that have already realized the functionality of trading both cryptocurrencies and stocks with USDT. For example, BiyaPay not only allows the purchase of Bitcoin, Ether, and other cryptocurrencies using USDT, but also supports USDT trading of US and Hong Kong stocks. It not only provides simple spot trading of US and Hong Kong stocks but also offers margin trading services. After profiting from investments in Bitcoin, US, and Hong Kong stocks on BiyaPay, it also supports the safe exchange of USDT for USD and HKD to withdraw to my USD bank account. #OBOL 上线福利 #Bitwise NEAR ETF 申请 #BTC重返97k