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AAVE $117.53 +3.97%
SUI $1.01 +2.75%
XLM $0.1733 +4.67%
ZEC $332.28 -1.71%
BTC $77,393.78 +3.81%
ETH $2,430.05 +4.18%
BNB $640.33 +1.31%
XRP $1.48 +2.74%
SOL $89.35 +1.29%
TRX $0.3270 +0.25%
DOGE $0.1004 +1.06%
ADA $0.2620 +1.85%
BCH $455.25 +2.93%
LINK $9.68 +2.17%
HYPE $44.44 +1.60%
AAVE $117.53 +3.97%
SUI $1.01 +2.75%
XLM $0.1733 +4.67%
ZEC $332.28 -1.71%

santa

Bloomberg analysts: BTC may be below $84,000 by the end of the year, and the "Santa Claus rally" may not occur

According to market news, FxPro senior market analyst Alex Kuptsikevich stated that since November 21, BTC has shown a trend of gradually rising local highs and lows. However, to confirm that the rebound marks the beginning of capitalized growth, the total market capitalization needs to break through $3.32 trillion. Currently, the global cryptocurrency total market capitalization is approximately $3.16 trillion, up 2.5% from the beginning of this week, but still below the previous high of $3.21 trillion.According to CoinGlass data, leverage is the main reason for the decline in BTC prices. In the past 24 hours, $376 million in long positions have been liquidated, nearly three times the amount of short liquidations. Although the Federal Reserve announced another interest rate cut on Wednesday, expectations that the number of cuts may decrease over the next two years limit market support.QCP Capital expects BTC trading to fluctuate between $84,000 and $100,000 by the end of the year, while Bloomberg analyst Mike McGlone warned that the new "Santa Claus rally" may not occur, and BTC could end the year below $84,000. Currently, the market is focused on whether BTC can hold the support zone of $90,000-$91,000. If it fails to hold, it may test the bottom of the current range; if it stabilizes, it may challenge the resistance level of $94,000 again.

Ethereum developers advance the deployment of a ZK-based "Secret Santa" system

According to CoinDesk, Ethereum developers are refining a zero-knowledge protocol aimed at providing stronger privacy guarantees for on-chain interactions, starting with a matching system similar to "Secret Santa," which is expected to evolve into a broader set of private collaboration tools.Solidity engineer Artem Chystiakov revisited this research in a post on the Ethereum community forum on Monday, mentioning his related work first published on arXiv in January this year. The concept aims to recreate an anonymous gift exchange game on Ethereum, where participants are randomly paired, and no one knows who is giving gifts to whom. However, achieving this on a transparent blockchain requires addressing several long-standing issues surrounding randomness, privacy, and resistance to Sybil attacks.Chystiakov stated that the core issue is simple: "Everything on Ethereum is visible to everyone," the blockchain cannot provide true randomness, and the system must prevent users from registering multiple times or assigning gifts to themselves. The proposed protocol uses zero-knowledge proofs to verify the relationship between the sender and receiver without disclosing identity information, and it also employs transaction relayers to submit operations, so that a single wallet cannot be linked to specific actions. This type of zero-knowledge layer can be applied to anonymous voting, DAO governance, reporting channels, and private airdrops or token distributions that avoid revealing recipient information.
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