Author: dfmines

submitted by /u/Mirasenat [link] [comments]

submitted by /u/franzihei [link] [comments]

Can someone break this down very simply. When I make txs on Arb/Base, I pay a tx fee. Does that go towards the L1 fee when rolled up and published on Ethereum? Is that what blob fees are? submitted by /u/aeroxnz [link] [comments]

Recent crypto market dynamics in the past four days have seen the return of bullish momentum into many cryptocurrencies, with the Bitcoin price leading the charge. Interestingly, this has led to the projection of looming gains in many altcoins, and technicals suggest an altcoin season might be rolling into place.  Crypto analyst Kevin (@Kev_Capital_TA) recently drew attention to a significant development of a daily death cross in Bitcoin’s dominance. This rare occurrence could mark a shift in cryptocurrency investments in the coming months with implications for Bitcoin and the altcoin market. Bitcoin Dominance Chart Forms Daily Death Cross According to a technical analysis of the Bitcoin dominance chart, the leading cryptocurrency is about to form a death cross in the daily candlestick timeframe. A death cross is a technical indicator where a short-term moving average crosses below a long-term moving average, often signaling bearish momentum. On the other hand, Bitcoin’s dominance chart tracks the percentage of the total cryptocurrency market cap represented by Bitcoin, and a decline often signals increasing strength in altcoins. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst In this instance, the daily death cross on Bitcoin’s dominance chart is forming at a macro high for the first time in four years, according to Kevin’s analysis. Interestingly, technical analysis shows that Bitcoin dominance has faced a macro golden pocked rejection two different times in the past three months, a phenomenon that lends further weight to the change in market dynamics if a death cross were to eventually manifest. What Does This Mean For Cryptocurrencies? Kevin’s analysis highlights a historical precedent where a daily death cross at a macro high preceded the onset of alt season. Four years ago, in 2021, a similar event occurred on the Bitcoin dominance chart, preceding a shift in market momentum away from Bitcoin toward altcoins. During that time, Bitcoin’s dominance was around 63% of the entire market cap. However, the ensuing altcoin season saw Bitcoin’s dominance drop below 40% by April 2021. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? The current setup suggests a comparable scenario may be unfolding. If the death cross leads to a sustained drop in Bitcoin dominance, it could pave the way for an altcoin market rally.  Nonetheless, Bitcoin continues to dominate inflows. At the time of writing, Bitcoin was trading at $99,750, with a 55.8% market dominance. However, recent price performances of cryptocurrencies like XRP, Dogecoin, and Solana seem to be threatening this dominance. On the other hand, Ethereum, the king of altcoins, has yet to manifest a similar rally this cycle.  Adding to this perspective, crypto analyst TechDev pointed to the onset of an altseason. His analysis focuses on the six-month candlestick timeframe of the Bitcoin dominance chart, where he points out that the current candlestick is the one where altcoins are going to make their move. According to TechDev, the current candlestick aligns with historical moments when altcoins rallied, citing parallels in 2017 and 2021. He explained that during these cycles, Bitcoin dominance declined in a new six-month candle after it surpassed the previous cycle’s all-time high. Featured image created with Dall.E, chart from Tradingview.com

https://notes.ethereum.org/@rudolf/interop-acc I have copy-pasted the text below for those that would prefer to read it on reddit. The text is not mine I'm simply reposting for visibility, credit to their authors: Arbitrum, Base, ENS, MetaMask, Optimism, Phantom, Polygon, Taiko, World, and ZKsync. TL;DR: We need to solve L2 interop to build the world computer 🌎…
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