#greener than 77% of the population

[gaylienz]

Your boundary is at hue 170, greener than 77% of the population. For you, turquoise is blue.

Is My Blue Your Blue? A visual perception test that judges what you call blue and green and compares it with others’ results. I am “bluer than 68% of the population.” Now do red/pink, red/orange, and blue/purple!

[huobi-study-club]

Huobi Study Club: How to solve the problem of the BTC energy consumption and environment protection?

Huobi Observation

On July 21, Tesla founder Elon Musk, Twitter & Square founder Jack Dorsey and ARK Fund founder Cathied Wood participated in the "The ₿ Word" conference. They discussed BTC energy consumption and environmental protection problems during the talk.

Musk said bitcoin is turning to renewable energy, with more than 50% chance to be renewable. In suchcircumstances, Tesla will resume accepting bitcoin. Musk also pointed out that bitcoin mining cannot be stopped in 24 hours, so only relying on solar or wind power won’t meet its energy needs. However, hydro, nuclear and tida energy may solve this problem.

ARK Fund founder Cathie Wood also said: “I really believe bitcoin is definitely going to be greener than gold mining or the traditional financial services industry.”

Twitter founder Jack Dorsey highlighted how Bitcoin mining leads to innovations in energy use. It will make use of a lot of wasted energy in mining which is well worth to do. In particular, it can take good advantage of using the large-scale electricity that would have gone waste.

Huobi Study Club believes that the bitcoin mining industry itself has recycled a lot of wasted energy. There is a huge amount of electricity abandoned in the hydropower station. Miners set up mines near the hydropower station and use the wasted electricity whichresults in energy reusing. In addition, many natural gas producers "burn" much of the excess gas which is harmful to our environment, and no one benefits from it. However,bitcoin mining can turn excess energy into value meanwhile without adding carbon emissions. So, bitcoin mining brings great benefits in wasted energy recycling.

Huobi Newsflash

[Bitcoin's average block size has dropped by 15% -20%]

According to Glassnode data, the volume of bitcoin transactions continues to show a downward trend along with the internal storage release. Average block size hasfallen 15 to 20 %,down to 1.103M bytes. It indicates that low demand for bitcoin block space and on-chain settlement, mined blocks are unfilled and bitcoin network with a low utilization rate.

[Grayscale Investment GBTC net discount range back up to -11.0% to -15.3%] July 22, Grayscale Investment bitcoin trust fund GBTC continues to trade at a negative premium. But it has recovered from an absolute low of -21.3% of net worth, and the net worth discount range is roughly between -11.0% and -15.3%. Additionally, approximately 31,900 GBTC funds are expected to be unlocked in the rest of July.

[Salvador's Bitcoin law causes citizens to protest, with about 77% of the population rejecting it] July 22 (UPI) -- A crowd of Left wing unions, student associations and other organizations in Salvador gathered at the Legislative Assembly yesterday to protest the country's adoption of bitcoin as its national currency. The group, organized by Resistance and Popular Rebel Blocks, used banners and slogans to demand the repeal of the so-called bitcoin law.

[Interactive Brokers founder says he owns cryptocurrencies] Thomas Peterffy, a longtime Bitcoin critic and founder of Interactive Brokers, said he owns cryptocurrencies during an appearance on CNBC on Wednesday. Interactive Brokers, which is preparing to launch a cryptocurrency trading service by the end of this summer, has a reputation for serving established clients.

[Twitter founder: Bitcoin could become "the native currency of the Internet"] Twitter and Square CEO Jack Dorsey on the  ₿ WordConference told it is real that our monetary system today brings high costs and distractions, which will divert people’s attention from important issues. Jack also thinks bitcoin could become the native currency of the internet.

[Musk: Starlink has tried a bitcoin full-node] July 22 , at The ₿ Word Conference, Tesla CEO Elon Musk said that Starlink has tried to run the full bitcoin node. It can also act as a mining node for ETH or Dogecoin, which will play a role as a space heater. He personally owns BTC, ETH and Dogecoin.

Market analysis

BTC is consolidating sideways during the day, focus on the support below 32000 in the evening

BTC is consolidating sideways during the day, focus on the support below 32000 in the evening

According to data from the Huobi Global, BTC rose slightly during the day, up to 32257.70 USDT. In the four-hour level picture, the K-line continues to be located above EMA 5, EMA 10 and EMA 20, with the three EMAs in an upward trend. The K-line is located between the upper and middle Bollinger band during the day, and the Bollinger band opening tends to expand. DIF is located above the DEA during the day, and is in an upward trend, with the DIF positive and DEA negative. CCI is hovering around the 100 line and the short-term trend line is flat. Volume is relatively depressed, the market may continue to rise slightly or sideways for a period of time. At the daily level, BTC is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough above 32300 and the support below 32000.

According to data from the Huobi Global, ETH rose slightly during the day, up to 2018.00USDT, and may continue to consolidate sideways. The K-line is located above EMA 5, EMA 10 and EMA 20, with all three EMAs in an uptrend. The K-line is located between the upper and middle Bollinger band, with the Bollinger band opening expansion. DIF continues to be located above DEA during the day, with DIF positive DEA turning from negative to positive. Volume is relatively depressed. The market may move sideways. At the daily level, ETH is up slightly today. In the evening, continue to pay attention to the continuation of the uptrend and the breakthrough of 2100 above and the support of 1950 below.

In terms of contracts, the data of Huobi Futures showed that the big data of the fire currency contract shows that the BTC contract position is relatively stable, the contract turnover is slightly decreasing, and the contract market is relatively inactive. The basis difference of the delivery contract is relatively stable. ETH contract positions are relatively stable, contract volume is slightly decreasing, and the contract market is relatively inactive. The delivery contract spreads fluctuated slightly.

According to data from Huobi Study Club, today, the total locked position (TVL) of DeFi rose slightly to $74.91 billion today, and the real locked position rose slightly to $56.55 billion. Among them, PancakeSwap rose the most, reaching 12.81%. Total Defi trading volume rose slightly today to $3.69 billion. Among them, Uniswap V3 rose the most, reaching 58.46%.

[cathedral-of-the-forest]

I’m greener than 77% of the population. I feel like Kermit the Frog.

HOW DO YOUR PERCEIVE BLUE AND GREEN?