ETH Block on ETH price 'crazy bullish': groundbreaking research Tim Robinson has announced groundbreaking simulation results indicating that the implementation of 'blobs' on Ethereum could have a significant Favourable Information on the long-term price of ETH. In a series of posts on X, Robinson emphasizes how blobs completely change the scalability and economic dynamics of Ethereum. 'Many people are debating Blob, but so far, no one has simulated how they respond to demand... until now,' Robinson said. 'In short: Blob is extremely beneficial for the long-term trend of ETH.' The Blob introduced in Ethereum Improvement Proposal (EIP)-4844 is a large data structure designed to enhance network capacity by efficiently storing and processing off-chain data. This mechanism is crucial for layer 2 (L2) scaling solutions to offer lower transaction fees, while maintaining security through Ethereum's Consensus. Robinson's simulation project shows that the Ethereum network has a transaction speed of 10,000 transactions per second (TPS), with an annual burn rate of 6.5% of its total ETH supply. The average cost of L2 transactions is $0.06. This scenario involves a blob of 16 MB for each Block, consistent with the mid-term goals outlined by Ethereum co-founder Vitalik Buterin in his latest post 'The Surge'. "Yes, the Ethereum network runs at a speed of 10,000 transactions per second, consuming 6.5% per year, while the average cost of L2 transactions is $0.06, and each Block has a 16 MB blob," Robinson explained. "Do you think L2 is a parasite, and Vitalik hasn't thought this through? Ah, lovely summer child, you don't realize how crazy it will be when the Ethereum ecosystem truly kicks into high gear." An important insight from Robinson's research is that as the usage of blobs increases, the amount of ETH destroyed increases rapidly. 'Interestingly, blobs go from being free to destroying a large amount of ETH at such a fast pace. It seems that almost everyone is unaware of this tipping point. This also makes me think that there may be better pricing mechanisms,' he observed. Robinson provides a simulation tool that demonstrates that as the TPS expands from the current approximately 180 TPS to 400 TPS, the ETH destruction rate rises exponentially. The data shows that the destroyed ETH increases from about 4 ETH per day to 1,832 ETH per day. By implementing PeerDAS (Peer Data Availability Sampling), the scalability potential is further enhanced, allowing blob capacity to scale with the number of validators. "Because the total blob capacity scales with the total number of validators, after implementing PeerDAS, blobs can scale as needed," Robinson explained. "There are 10k+ nodes sharing the load between them. While other ecosystems struggle under the load, Ethereum will provide the world with cheap, abundant block space, along with a strong deflationary currency." One interesting feedback loop that Robinson discovered is the inverse relationship between ETH price and burn rate. 'Another interesting feedback loop is that the lower the ETH price, the higher the burn rate! As the trading price drops, the volume increases, and the burn rate soars,' he pointed out. 'Look at how different the burn rates are between ETH at $2000 and ETH at $10000'. In response to the appreciation of ETH, Robinson said, "So how will ETH appreciate? As the most useful, most scarce, and deflationary asset, with over 10,000 teams using ETH to develop their products, ETH may achieve this. In the long run, ETH has the best fundamentals in the world; it just needs time to take effect." This study has sparked enthusiasm and discussion within the ETH community. Mat (@materkel) commented on X, 'Once we reach blob capacity, it will be very interesting. I guess many L2s still need to figure out how to handle this situation and charge users correctly. There will be many inefficiency issues to solve; we didn't have multiple competing L2s in this scenario before. Once the dust settles, we will have proper price discovery for L2 fees and blobs on L1.' Robinson responded, emphasizing the importance of proactive analysis: "Yes, absolutely! I am trying to provide data so that we can solve any problems before reaching our destination. As the blob increases, the market will become more stable, but in the early stages, fees may be very volatile." (Data Source: Jake Simmons)

Golden Ten Data on June 12, Morgan Stanley pointed out that due to the limited new production capacity of DRAM factories in recent years, and the large consumption of HBM production capacity, DRAM is ushering in an unprecedented supply-demand imbalance "Supercycle", and the supply gap of standard DRAM next year will be as high as 23%, which will be more scarce than HBM, which is rare in recent years, and the price will pump along the way. Da Mo raised the pump estimate of DRAM and NAND chip prices in the third quarter of this year, from the original expectation of 8% and 10% to 13% and 20%, an increase of more than 60%.

Gold pays attention to three major resistance levels, long orders are scarce above US oil, and there is obvious resistance near the current price of USD/JPY.

On May 31st, Jinshi Data reported that the Laoshan District Natural Resources Bureau of Qingdao city issued an online auction announcement for the transfer of state-owned construction land use rights. According to the transfer information of the No. 35 plot in Wangjia Village, Laoshan District, the land area of the plot is 32.56 mu, the plot ratio is 2.2, the starting floor land price is 28,796 yuan per square meter, the starting price is 1.375 billion yuan, and the auction is planned to be held on June 20th. The plot is located south of Meiling East Road and east of Shilaoren Road in the Laoshan District, and it is an extremely scarce prime location in the main urban area.

PANews reported on May 6 that, according to Cointelegraph, Jameson Lopp, co-founder of Casa, a Bitcoin hosting company, said that due to factors such as "Block storms", Bitcoin Testnet occasionally generates more than 10,000 Block in a single day, which leads to the current Block Height of the Testnet network at 2,811,000, which is equivalent to the height of the Bitcoin Mainnet in 2061. As a result, the rewards for Miners on the Testnet have been reduced to near zero, making the network virtually unusable for developers. In addition, Lopp said that the currently scarce Testnet network Bitcoin is being adopted by certain projects that want to take advantage of the scarcity of Token. "It's not uncommon for malicious actors to take advantage of people's innocence and sell them Testnet Bitcoin for Mainnet Bitcoin Exchange Rate," he said. He gave a recent example of a Bitcoin-based Layer2 network called SatoshiVM that has been using TBTC to distribute Airdrops to its holders as an example of a project that creates artificial value on the Testnet for its own purposes. He named several projects, including a DEX called MotoSwap and a brokerage called Buy Tesnet, both of which are selling Testnet Token to users. Lopp adds, "What is wanted is that every Wallet that supports Testnet should have a prominent disclaimer on the home screen stating that Testnet Token has no value. ” Ultimately, Lopp concludes that the only way to ensure that testnets don't accumulate value is to "foster a culture of regular resets" and advises Bitcoin developers and users to migrate their infrastructure to "Testnet 4" in the coming months.

On May 2, the yen pumped sharply against the dollar in the early hours of this morning due to market speculation that the Japanese authorities would intervene. ING analyst Chris Turner said in the report that the Japanese authorities are believed to have intervened again, during a period when liquidity is scarce, "perhaps as a reminder that intervention will remain a very important option during the four-day public holiday that begins on Friday." "We think the Japanese authorities will intervene cautiously, but may hope that they can stabilize USD/JPY before the dollar broadly declines, as they did in September/October 2022. ”

Gold rebound difficulty may be small, silver has strong support below, US oil upward momentum is scarce, and there are long order bets near the current price of USD/JPY... Click to view the latest report.

Jinshi Data News on April 29th: Guoxuan High-Tech stated at the 2023 annual performance briefing that overcapacity is a market adjustment that occurs spontaneously after the industry has reached a certain stage of development. Its essence is the process of eliminating inferior capacity. The lithium battery industry has extremely high requirements for product safety, quality, and performance, and high-end and high-quality capacity has always been scarce.

On April 28th, Jinshi Data News reported that the United Arab Emirates (UAE) has a tropical desert climate with scarce rainfall. It is understood that approximately 80% of the land in the UAE is desert, and there are also large amounts of other land facing the threat of desertification, which has greatly affected agriculture. The World Bank estimates that from 2002 to 2018, the UAE has lost approximately 33,000 hectares of arable land. In order to alleviate the local water shortage, the UAE government has invested over 20 million US dollars in researching and applying artificial rainfall technology.

Coin Network Report: Recently, American Bitcoin analyst Willy Woo sparked a discussion in the Crypto Assets community about the feasibility of Bitcoin surpassing gold's $17.7 trillion market capitalization. Experts delved into this topic by examining factors such as the S2F ratio and the evolution of BTC and institutional adoption. Wu believes that Bitcoin is already more scarce than gold, but it may take another 5-10 years for the market capitalization to reach this level. He highlighted the benefits of retail investors experiencing Bitcoin's value faster, while cautioning attention to potential Fluctuation and the impact of external factors.

币界网报道:币界网报道,Glassnode引用历史数据和递减回报效应,提醒投资者在经历Bit币减半后应drop价格大幅上涨的预期。 Bit币近期迎来了四次减半,i.e. 出块奖励减半drop了供应通胀,提高了发行scarce特性。 然而,Glassnode 强调,投资者切勿blind乐观,历史数据显示减半Favourable Information效应可能会逐渐减弱。 Glassnode认为,当前周期与之前不同,Bit币在减半之前就突破了历史最高点 ,这是之前周期没有出现过的现象,在這次减半事件中,投资者持有的未实现利润显地。

Golden Ten Data reported on April 22 that the article said that making choices in the best way is the basic demand of enterprises. For multinational companies, it is necessary to constantly explore the ideal place for international investment. As one of the world's leading countries in attracting foreign investment, in the first quarter of this year, China established 12,000 new foreign-funded enterprises, an rise of 20.7 percent year-on-year, and the actual use of foreign investment was 301.67 billion yuan in people's coin, which is still at a historically high level, and the investment structure continues to be optimized. The market is the world's most scarce resource. In China, a large consumer market composed of long 1.4 billion people, new consumer demand is constantly being generated, and new application scenarios are constantly emerging. It can be said that there is no shortage of buyers for any quality product and service. It is difficult to find a "replacement" for China's advantages in other countries, and it is a rational and pragmatic choice for foreign businessmen to "vote with their feet" in China with real money and practical actions.

Icelandic Prime Minister Katrín Jakobsdóttir said in an interview that he wants to shift the country's renewable energy from the crypto mining industry to households and other industries in Iceland, saying that "Bitcoin is a global problem...... Iceland's data centers use a large portion of green energy." The price of 100% renewable electricity in Iceland is not affected by fluctuations in global fuel prices, which makes the country an attractive destination for cryptocurrency miners. However, according to research firm Luxor, the country's crypto mining is not expected to grow as electricity becomes increasingly scarce amid high demand and few new power plants are being built. （FT）