U.S. 6-Week Treasury Auction Bids to Cover Ratio as of June 24

Dencun is coming, which will provide cheap transactions on Ethereum The dates of two important steps included in the Dencun update, which is expected to reduce the high transaction fee and congestion problems experienced in the Ethereum network for years, have been announced. The Ethereum Foundation has stated that if the Sepolia and Holesky developments are successful, Dencun will move to the mainnet in March. The Ethereum Foundation has announced that the long-awaited Dencun update's testnets, Sepolia and Holesky, will be completed next month. This suggests that the update will be on the mainnet in March. In a statement, the foundation said, "Considering the successful completion of Sepolia and Holesky, Dencun will come to the mainnet in the next phase. Sepolia will be completed on January 30 and Holesky on February 7." Ethereum is known as a system with high network fees due to its decentralized structure and constant blockages. Developers, on the other hand, state that the Dencun development will solve many scaling problems in the network. EIP-4844, one of the enhancements included in the Dencun update, will help the network complete 100,000 transactions per second much cheaper. The main system that will be cheaper here will be the 2nd layer solutions. As it is known, most of the activity on Ethereum takes place in these layer 2 systems. Ethereum, a system that developers regularly work on, made its biggest update in September 2022 by switching from the Proof-of-Work system to Proof-of-Stake. #ContentStar# #Gate post Highlights#

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The BTC in the address of the Germany government has been out, and it is expected that Mentougou will also start paying again, and this week's CPI data is slightly positive, but it has failed to drive the market! There is still a 59000-55000 area adjustment in the medium-term price of Bitcoin, and the short-term good news is not enough to support the sharp rebound of the currency price. In addition, Bitcoin 2024, the world's largest Bitcoin conference, will be held in Nashville, Tennessee, from the 25th to the 27th. The Bitcoin 2024 conference promises to be a key event that has the potential to shape the future of Bitcoin and United States cryptocurrency. ☆ ☆ From the point of view of technical structure: the pressure of the M-top pattern of the weekly price is still very strong, after the downward fall below the neckline area last week, the rebound tested the pressure, but it has not stabilized above the current level, although the pressure is very strong, it cannot stabilize above 69000, which is not enough to say a reversal. The same is true for the daily level, although the rebound has repeatedly broken through the pressure of 59000~60000, and has fallen below the Vegas channel, it has also gone to the FAN bomb test, after the bottom-top conversion, the upper pressure is still very strong, and the moving average indicator is above the K-line, and the death fork is arranged. On the whole, the medium-term bearish trend is unchanged, and you only need to pay attention to the stabilization of the 59000 area, and the rebound can only be short if it touches this line. For specific detailed operations, please pay attention to the Yibo live broadcast room and real-time dynamic updates!