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Member indicators show that the current price is testing the key support level at 88121, where the chip concentration is as high as 4.65. Buying slightly outweighs selling (buy/sell ratio 1.07), indicating strong market support at this price level. Combined with the candlestick pattern, the appearance of a tweezer bottom further confirms the effectiveness of the support. On the 1-hour candlestick chart, EMA24 and EMA52 are in a bullish alignment, and the price is above the moving averages, suggesting an overall strong trend. Although trading volume has declined, the RSI has broken through the upward trendline, hinting that short-term rebound momentum is building up. Subscribe to become a member to access real-time chip distribution and precise support and resistance analysis, helping you seize opportunities ahead of others!Data sourced from PRO members [BTC/USDT perpetual contract on a certain exchange, 1-hour candlestick], for reference only and not to be considered as investment advice.

Jinse Finance reported that the Ethereum Foundation stated that the only acceptable ultimate goal for L1 is "provable security," rather than "security assuming conjecture X holds." They have set 128-bit security as the target, aligning with mainstream cryptographic standards organizations and academic literature on long-term systems, as well as real-world recorded computational results, which indicate that 128-bit is practically out of reach for attackers. The EF pointed out some specific tools aimed at achieving the 128-bit, less than 300 KB target. They highlighted WHIR, a new Reed-Solomon proximity test, which is also a multilinear polynomial commitment scheme.

Jinse Finance reported that BlackRock Chief Investment Officer Rick Rieder will be interviewed for the position of Federal Reserve Chairman at Mar-a-Lago. Other candidates include Kevin Hassett, Kevin Warsh, and Federal Reserve Governor Christopher Waller.