Yesterday we had Sushi, today it's the Pearl, the digital currency market moves too fast that it's almost measured in one day. Pearl is the DeFi project on TRON and was also created to pledge mines to compete with YFI. Pearl climbed nearly tenfold yesterday on several centralized exchanges, which directly turning TRON DeFi into the spotlight. However, as we know, YFI can achieve the optimal return on capital in different DeFi projects, Pearl actually has no business support system to back it up. When we on the closer look, we can see that Pearl has no real strength, except that the secondary market is now in a frenzied state and in the short-term, the price fluctuations are quite large.

As TRON's DeFi project became very rich overnight, there was a huge influx of TRON related assets in a short time, most notably the rise of TRX. The logic of this price rise is the same as the ETH that I mentioned yesterday. For those who are interested, can review yesterday's article (link: https://www.uptrennd.com/post-detail/time-to-invest-sushiswap-is-ethereum-still-in-the-super-bull-market~NjUyOTgw). Also, if Justin Sun's project goes online soon, a large number of TRX will be locked up. Therefore, the price of TRX can be appropriately expected, but the subsequent risk of the pledge needs to be evaluated additionally. Since DeFi on TRON has just heated up, in theory, there could be a rush of money to buy it, but remember this is a project that came from Justin Sun, and the risk is at a very high level.


Previously, most people used to check contracts to see if they were audited by a professional firm. Now the market is starting to lose its mind because of the huge profits and the fast pace of change. Whenever a DeFi mining project comes along, most people start rushing in blindly. It has been reported that some contracts have their own backup plan, so it is recommended that it is better to dig in the old project, although the yield is relatively low (in fact, it is very high), preserving the capital is the priority thing for us.

The market is going crazy and DeFi's path is going off track at the same time, although we could gain money from it, but have you think about how many people eventually have no harm in the end.

When the market is extremely unstable, it is recommended to improve the risk control ability, as well as risk hedging ability.

Take bitcoins for example.
1. If the current price is $10,000 and you hold one Bitcoin, and you didn't use any hedging strategy, when the bitcoin drops from $10,000 to $8,000, your account will lose $2,000 directly.

2. When you take the hedging strategy, for example, you use the option to hedge the risk. While you holding one Bitcoin, you open a put option on BitOffer with the expected cost of $20. When the bitcoin goes from $10,000 to $8,000, your spot account loses $2,000, but your put option gains $2,000, which completely offsetting your account risk.

Because one option is equal to one bitcoin's interest, even though you lose $2,000, but as you bought two put-option, you make $4,000. In terms of that, you make the money, and that's the charm of hedging.

By the way, only American options can be so hedged, while European options are not suitable. Currently, BitOffer is the world's largest American options exchange for Bitcoin. I hope it can help you. Of course, there is a downside to options, which is that it has the cyclical limit.

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 - Cici's safest trading strategy with hedging

Trading bitcoin futures can be profitable all the time. Don’t miss the strategy I am going to share.
Video Link:


Bitcoin Options is a prediction of the movement of Bitcoins in the future. Essentially, it operates like the spot trading, but it allows the investors to buy a call or put: Call when the investors expect the market to be bullish, Put when the investors expect the market to be bearish. Its profit formula is the same as that of the spot trading: Within the Options contract period, the investors would earn the price spread if the investors choose the correct direction.


In short, BitOffer Bitcoin Options allows the investors to use a small budget to bet the change of the Bitcoins in the future and earn a considerable profit. The new register can get a 50 USDT bonus to test before the investment.

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In early August, Nasdaq-listed MicroStrategy (Nasdaq: MSTR) first disclosed that it was buying Bitcoin to avoid inflation. According to the disclosure, the company has bought 21,454 bitcoins, which are currently worth more than $250 million.

Previously, although some companies have managed idle capital and used some of it to buy bonds, such a large bet on Bitcoin is very rare. For a publicly-traded company with a total market value of $1.2 billion at the time, investing $250 million in Bitcoin could be considered as "All in."

In the process of choosing which asset to hold as a reserve, they firmly chose Bitcoin. More interestingly, their share price shot up a dozen points shortly after the announcement.

Some media believe that this move marks a watershed for institutions to absorb Bitcoin. Preston Pysh, a prominent digital currency commentator, wrote in his Twitter: "As I suggested 6 months ago, we are now starting to see businesses owning Bitcoin as a marketable security on their balance sheet."

A legendary fund manager, who's also a billionaire's Paul Tudor Jones said recently: "My bet on #Bitcoin as a safe haven against the deteriorating is doing incredibly well. My only is not buying more. I believe this rise in we’re seeing is far from over. In fact, it’s just getting started!"

Back in May, Paul Tudor Jones told CNBC that he thought bitcoin was a good bet, buying it as a hedge against inflation as the banknote printing from central banks around the world, similar to buying gold in the 1970s. Meanwhile, just over 1% of its assets are in bitcoin.

The case of incremental money piling in is starting to be noticed by more and more people.

As an example, CME bitcoin futures are surging, with open interest reaching $800 million, up 120 percent from the low in July.

What you can see is that the new incremental market that the industry has been hoping for since the end of 2018 May have crept in. There are reasons to believe that Bitcoin and other digital currencies will become more widely accepted.

Meanwhile, affected by COVID19, most people tend to reduce financial risk. Financial market a substantial increase in revenue which appeals to people. Recently, under the smaller undulation of Bitcoin’s price, people turn to find other possibilities in the financing market. Now especially in the sideways trend, BitOffer Dual-Currency became the first choice from individual investors.

The characteristics of Dual Currency:
1. the annualized return rate can be up to 1,000%
2. earn profits regardless of the price goes to rise or fall
3. different periods available for choose
4. earn Bitcoins while BTC dumps, earn USDT while BTC pumps
5. automatically earning passive income

Therefore, Lucian, the chief analyst of BitOffer pointed out, because of the unique reverse option mechanism of dual-currency, even in the bitcoin plunge, you can still achieve a high annualized return. Compared with traditional finance, which the highest annualized return is only 5%, while the one-week return of dual-currency easily beats it. And in the BTC sideways shock period can still achieve a stable 1 point of income, very suitable for individual investors. There is no need to judge the rise and fall of the currency price, earn BTC while the price goes down, earn USDT while the price goes up, which is very suitable to replace spot products.

Last week, Grayscale began a nationwide campaign to get more people to focus on investing in digital currencies like Bitcoin and Ethereum. In a 30-second AD on CNBC, MSNBC, FOX, and others, Grayscale's video shows how currencies have evolved over thousands of years, from shells and metals to legal tender, and tells viewers that this is the age of digital currency.

There have been many blockchain technology relatively ads, but most of then didn't directly target to Bitcoin. According to official figures, Grayscale raised a record of over $200 million in the first week of advertising.

As one of the world's leading digital currency asset managers, Grayscale manages the money of both individual and institutional investors that participate through off-market funding. Grayscale assets under management totaled $5.9 billion as of Aug. 14, according to data released by the media. Three days later, on August 17th, that figure had risen to $6.1 billion.

The Grayscale buying momentum can be seen more clearly from the following picture:


The bulk of the buying began around march of today. We can see that Grayscale continues to buy as bitcoin continues to rise over the last month.

The change is more clearly documented in filings by Grayscale with the U.S. Securities and Exchange Commission. In the second quarter of 2020, Grayscale issued more than 87 million shares, up from 133 million for the full year. The number of shares issued by the trust increased by almost 90 percent in the second quarter of 2020 compared with the first quarter. That's a more than sixfold increase from just 23 million shares issued in the first half of 2019. In the second quarter of 2020, Grayscale increased its net worth by $1.6 billion to a total of $3.5 billion. About half of that growth came from the appreciation of bitcoins held by trust companies.

"It's not Grayscale. It's the individuals and institutions that trust the company to invest in cryptocurrencies through his trust products. Grayscale is the one that has the most incentive to promote cryptocurrencies. If it was just the demand for arbitrage, the position of Grayscale Bitcoin Cash Trust would not increase so fast." says one of the cryptocurrency investors from the community.

Meanwhile, the trend continues for other currencies.

On August 17, Grayscale announced that its Bitcoin Cash Trust and Litecoin Trust had obtained DTC (Direct To Consumer) status and would be able to sell directly to consumers. Similar to GBTC, the Grayscale Bitcoin Cash Trust fund will be traded in the OTC market with the code BCHG, and the grayscale Litecoin Trust Fund will be traded in the OTC market with the token LTCN.

At the same time, more institutions dedicated to bitcoin funds have seen the opportunity at this newspaper advertisement in August:



The AD came from the Galaxy Bitcoin Funds, which is a microcosm of many other institutions. Such " Little Grayscales" are providing institutional investors with compliant and relatively secure channels to buy digital currencies, bringing more money into bitcoin and other digital currencies.

Affected by COVID19, most people tend to reduce financial risk. Financial market a substantial increase in revenue which appeals to people. Recently, under the smaller undulation of Bitcoin’s price, people turn to find other possibilities in the financing market. Now especially in the sideways trend, BitOffer Dual-Currency became the first choice from individual investors.

The characteristics of Dual Currency:
1. the annualized return rate can be up to 1,000%
2. earn profits regardless of the price goes to rise or fall
3. different time periods available for choose
4. earn Bitcoins while BTC dumps, earn USDT while BTC pumps
5. automatically earning passive income

Therefore, Lucian, the chief analyst of BitOffer pointed out, because of the unique reverse option mechanism of dual-currency, even in the bitcoin plunge, you can still achieve a high annualized return. Compared with traditional finance, which the highest annualized return is only 5%, while the one-week return of dual-currency easily beats it. And in the BTC sideways shock period can still achieve a stable 1 point of income, very suitable for individual investors. There is no need to judge the rise and fall of the currency price, earn BTC while the price goes down, earn USDT while the price goes up, which is very suitable to replace spot products.

Uniswap added 57,976 new users in July, which goes up about 132% month-on-month, according to The Block Research. Meanwhile, Uniswap's liquidity volume hit a new high, with UniswapV1 and V2's total liquidity reaching more than $2 billion as of August 11, accounting for half of DEX's total liquidity. In the past month, Uniswap has seen a 15-fold increase in page views and a seven-fold increase in transactions. At this rate, Uniswap will soon have over $10 billion in transactions, which could push Ethereum to $1,000.

Uniswap is a decentralized trading protocol which developing based on Ethereum. It replaces manual quotations with an established algorithm, which not only eliminates centralized matchmaking and clearing but also eliminates the market makers in transactions. The most important feature is that users can exchange tokens directly in the exchange pool, and the revenue depends on the amount of money entering the exchange pool.

In 2017, Vitalik Buterin, the founder of Ethereum, published a post "Let's Run on-chain Decentralized Exchanges the Way We Run Prediction Markets" on Reddit, in which he suggested a new DEX mechanism. After reading the post, Unemployed Hayden Adams decided to follow this line of thought on the advice of his friends and create an Automated Market Maker. By the end of 2017, the initial proof-of-concept, intelligent contract code, and website design were completed, and this was the birth of Uniswap.

Between its launch in 2018 and 2019, Hayden Adams distributed all the fees for Uniswap transactions to users, such a move increased user stickiness but limited Uniswap's development. Eventually, Uniswap V1 was launched in early 2019 and won a prize from the ETH Foundation. In April, when DEX hit the market, Uniswap began to get a lot of attention from investors, combined with the breaking news of Uniswapv2's launch, Uniswapv2's trading volume briefly topped $100 million, making it the DEX leader.

DEX's total trading volume topped $1 billion for the first time in June and hit $4.5 billion in July, while Uniswap's trading volume on Aug. 11th was $250 million, which is two-thirds of Coinbase's trading volume and more than Gemini and Polo's combined.

According to The Block Research, on August 11th, the total transaction fees on Uniswap exceeded Bitcoin's miners' total, and in July Ethereum miners earned $143.8 million, the highest in 23 months. In which transaction fees accounted for 23% of Ethereum miners' earnings at that month, this shows that Uniswap accounted for a significant portion of Ethereum’s earnings.

From BitOffer exchange chief analysis Lucian’s point of view, according to the development of Uniswap’s development speed, the volume will break through $10 billion in a short time. This will both increase the income of the ETH miners and attract more investment institutions and individual investors, which will push the Ethereum rise to $1000. Thus, now is the best time to invest in the ETH.

However, Lucian argues that it is better to invest BitOffer's ETH3X ETF rather than Ethereum spot trading. As the ETF starts at a minimum of three times of profits, with the smart dynamic positioning and fund compounding, can yield up to 17 times. Since the July 19th rally, the Ethereum ETF (ETH3X) has risen from $6 to $28, which goes up nearly 500%. With DEX, DeFi, and the launch of ETH 2.0, if Ethereum rises to $1,000 over the next few months, which will be a more than two-and-a-half-fold increase, the ETH3X ETF would gain as much as 42-fold.

So if you buy Ethereum for $10,000, and Ethereum goes up 2.5 times, you can make at most 2.5 times profits, and $10,000 becomes $25,000. Furthermore, invest in Ethereum ETF (ETF3X) is a different story. If Ethereum really does go up by 2.5 times, you can earn up to 42 times, which means with the cost of $10,000, you will get $420,000 profit in an instant. The Ethereum ETF (ETH3X) is clearly a better investment.

On June 27, Ethereum miners earned about $1.85 per 100 (MH/s) per day. In the past month, especially in the last two weeks, the income rose by 60%, reaching a peak of $3.27 per 100 MH/s on July 25, before falling back to around $3.

Over the same period, the price of ETH has risen more than 40%, from $229 on June 27 to $327.99, which is a new high for 2020.

On July 22, the total market value of decentralized Financial DeFi passed $11.5 billion. The massive hype of DeFi caused a surge in trading volume in ETH, which, along with the surge in trading volume from ETH, pushed miners' daily income to its highest level in two years.

Etherscan, a blockchain browser, shows that the entire computing power of the Ethereum blockchain, the world's second-largest by market value, has been stable at around 190 petahash per second. Indeed, data from Bitinfocharts show that in the first quarter of this year, Ethereum's daily mining revenue was below $2 per 100 MH/s before falling to $1 per 100 MH/s on March 12 after the cryptographic market collapsed. Ethereum's daily mining revenues have tripled in recent months.

Currently, some of the most advanced ETH mining equipment, such as the core A10 Pro, which has a 500-megabit hash per second (MH/s) computing power and a power ratio of 1.9w/m, generates $13 per day at Ethereum's current price and mining difficulty. Based on the miner's profitability level, and A10 Pro Ethereum miner's daily power consumption is about 1.1 dollars, and its daily net profit is nearly 12 dollars.

Even though bitcoin's price topping $11,000 for the first time since September 2019, the difficulty of mining bitcoin remains at an all-time high. As a result, even the most efficient bitcoin miners, such as MicroBT's WhatsMiner M30S ++ and Bitmaint's AntMiner S19 Pro, generate $9 in daily income. Based on the current price of bitcoin and the difficulty of mining it, a more efficient Bitcoin miner (within 40w/T power ratio) generates about $6.50 in net profits per day. Ethereum miners earn about $13 a day, which is twice as Bitcoin miners.

Since the launch of DeFi, it has received a lot of attention from investment institutions and individual investors. Currently, DeFi Wallet has been downloaded more than 5,000 times, far more than any other type of DAPP, it is the number one DAPP developed based on Ethereum. According to the popularity and the current download speed, in the next few months, the downloading number will break through 6000 and bring a sufficient number of volumes for the ETH. Meanwhile, as the ETH 2.0 launch date approximation, these two advantages will boost the price of ETH, the income of the ETH miners will be at the appointed time with increased, which gradually widening the income gap with BTC miner.

It is the best time to invest in Ethereum.

However, buying BitOffer's Ethereum ETF Ethereum is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

In the latest week, the Ethereum ETF (ETH3X) has jumped 160% from a peak of $6 to $16, according to data analysis from the BitOffer Exchange. With the launch of DeFi and ETH 2.0, once Ethereum rises more than fivefold over the next few months, the ETH3X could rise as much as 85 times.

If you buy Ethereum for $10,000, and ETH goes up fivefold, you can maximum make a fivefold profit, Which from $10,000 to $50,000. But buying ETH3X is a different story. Once Ethereum increases fivefold, you can make up to 85 times, which would be from $10,000 to $850,000, the 17 times than buying futures, more than over $800,000. Buying the Ethereum ETF would be a better deal.

The market surged across the board, LTC climb more than 16%. The average rise in the mainstream coins is around 8%,

BTC broke through 11,000. In the daily trend, the price broke through the high of 10500 at the beginning of the year and set a new high of 2020. At the same time, the volume grows steadily. We could going-long over 10500 and prepare for the new rise as now is the so-called bull market trend waiting for us.

The price of ETH dropped from high sharply. In a 1-hour trend, currently there shows sign of fatigue to pull up, at the same time the volume couldn't keep up with it. MACD appears the continuous death cross above the zero axis. In the short-term, please note there is a callback risk. Be cautious with going-long around 325, or we could buy the put options between 1-4 hours.