BTC breaks through the $112000 mark

Binance BNB/USDT is currently trading at $999.53, with a 5-minute increase of 0.03%. Please be aware of market fluctuations.

1. US government shutdown crisis approaching, Trump to meet with congressional leaders 2. The largest Bitcoin money laundering case in the UK is in court, and Chinese victims will testify 3. Citigroup predicts that the stablecoin market size may reach $4 trillion by 2030 4. Michael Saylor may disclose data on Bitcoin holdings increase 5. SUI worth approximately $140 million will be unlocked next week 6. Suntory uses blockchain technology to crack down on counterfeit alcohol 7. Jump Crypto proposes to lift Solana block computing unit restrictions 8. Wormhole co-founder criticizes stablecoin giant for not sharing profits with users The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/489816

[Jump Crypto Proposes Removing Block Compute Unit Limits After Solana Alpenglow Upgrade] The Firedancer team at Jump Crypto has put forward a proposal named SIMD-0370, suggesting the removal of the current limit of 60 million compute units (CUs) per block after the Solana network undergoes the Alpenglow upgrade planned for later this year. Previously, there had been proposals to raise this limit to 100 million CUs. According to the proposal, once the limit is removed, block size will dynamically adjust based on the transaction processing capacity of high-performance validators, while lower-performance validators will forgo voting on oversized blocks through an automatic vote-skipping mechanism. The proposal argues that this will incentivize well-funded block producers to upgrade their hardware to handle more transactions, thereby creating a "flywheel effect" that enhances the validation capacity of the entire network. Roger Wattenhofer, Head of Research at Anza, expressed support for the proposal but also pointed out potential risks related to centralization and network stability. He believes these issues are manageable and remains in favor of the initiative to remove the limit.

[UK's Largest Bitcoin Money Laundering Case Opens Today, Chinese Victims to Testify Remotely] The Southwark Crown Court in the UK will begin hearings at 10:30 AM local time on September 29 for the largest Bitcoin money laundering case in British history. The case involves Qian Zhimin, the main perpetrator of the major illegal fundraising case of Tianjin Lantian Great in China. The trial is expected to last 12 weeks and conclude before Christmas. During this period, Chinese law enforcement officers will travel to London to testify in person, while multiple Chinese victims will testify remotely via video from a court in Tianjin. This judicial arrangement was made under the framework of judicial cooperation between China and the UK.

Member indicators show that the current 1-hour trading volume has surged by 347.77%, and the price has broken through the EMA24/52 moving average, clearly releasing a bullish signal. Meanwhile, the KDJ golden cross and RSI breaking through 70 further confirm the strong upward momentum. However, the distribution of chips suggests that the current price is close to the strong resistance zone of 4187.5, and the intensive peak of trading volume indicates that selling pressure may increase. In addition, the K-line shows a belt catching line, combined with the MACD double top pattern, indicating that there may be a risk of a pullback in the short term. Support level: Pay attention to the chip intensive area near 4005.5. Indicator recommendation: Open membership, accurately capture trading volume fluctuations, and lock in buying and selling points in advance! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.