BTC breaks through the $85500 mark
OKX-BTC/USDT is currently trading at $85500.00, with a 24-hour increase of 1.04%. Please be aware of market fluctuations.
Japan’s Metaplanet bought another 330 BTC, bringing its total holdings to 4,855 BTC.Major bitcoin buyer Strategy also added 4,855 BTC to its reserve earlier this month despite ongoing market uncertainty.
Tomasz K. Sta ń czak, the newly appointed co executive director of the Ethereum Foundation, announced in a post that the foundation will shift its research and development focus to L1 extension, L2 support, and user experience optimization, covering protocol upgrades such as Pectra, Fusaka, and Glamsterdam. Vitalik Buterin will reduce daily coordination work and focus on research promotion, including RISC V, zkVM, and privacy direction. He emphasized that Vitalik and other researchers' proposals are exploratory content that requires community discussion and scrutiny, with the goal of accelerating Ethereum's future breakthroughs.
Odaily Planet Daily News: Tomasz K. Sta ń czak, Executive Director of the Ethereum Foundation, stated in an article on X platform that with the recent changes in the leadership of the Ethereum Foundation, our goal is to give Vitalik more time for research and exploration, rather than daily coordination or crisis response. Every time Vitalik shares insights or conveys direction, it accelerates significant long-term breakthroughs. His recent articles on RISC-V and zkVM have propelled a hopeful development path, while his articles on privacy have helped the community reintegrate around the core values of the Ethereum Foundation. I want to make it clear that Vitalik's proposals have always had an impact, but they aim to initiate dialogue and encourage progress in challenging research areas. The community review may make significant modifications to the proposal, or even reject it. We hope that other researchers can also have the same freedom, be brave enough to raise difficult questions and propose alternative solutions, such as @ drakefjustin and @ dankrad. Ethereum researchers often ask readers to recognize the exploratory nature of their posts and proposals. Focus remains crucial. Within EF, we will shift most of our research efforts towards short-term goals, striving to address user experience and scalability challenges in the next two protocol upgrades. We focus on significant UX improvements (including interoperability) in L1 extensions, L2 extension support, and Pectra, Fusaka, and Glamsterdam upgrades. At the same time, we are exploring how to complete projects that are currently expected to take three to five years to complete ahead of schedule. Our top researchers' papers have helped some projects to be delivered within one or two years through initiatives such as next-generation execution and consensus layers.
According to SoSoValue data, from April 14th to 17th Eastern Time, the Ethereum spot ETF had a net outflow of $32.17 million per week, recording a net outflow for eight consecutive weeks. Grayscale ETHE has the highest outflow, reaching 18.77 million US dollars; Fidelity FETH outflows $11.39 million; Grayscale ETH recorded a net inflow of 2.24 million US dollars. As of now, the total net asset value of ETF is 5.27 billion US dollars, with a historical cumulative net inflow of 2.24 billion US dollars, accounting for 2.76% of Ethereum's market value.
The current ETH price is around 1600, and the chip distribution shows that this area is a sparse range, indicating that the selling pressure is small and the price is easy to break through. Based on membership indicators, the recent support level is around 1600, only 2.62% away from the current price, with limited downward space. If buying continues to pour in, prices are expected to rise rapidly. From a technical perspective, MACD is above the zero axis with a golden cross, combined with the red three soldier pattern, further confirming the upward trend. The chip distribution index helps you accurately capture support and breakthrough points. Come and open a membership to unlock more data! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.