#Bitcoin Weekly closing turned out to the bullish and healthy but price rejected from the Strong resistance are and Newly Weekly Resistance too. Currently, price gave a flip below the structural area, might gonna reach the other end towards the major support area and consolidation continues. We already entered into holiday season, so volume might gonna be lower these days.

#WLD did gave a breakout off the falling wedge pattern but volume seems to be dead Right now. Well, price itself reacting from the structural resistance area, where we need to see a flip above that level for buys, else a short-selling looks good towards the support around $2.35 - $2.43.

What Is Flashbots?

Flashbots was launched as an independent research and development organization with an aim to lessen the adverse effects of the Maximal Extractable Value (MEV) extraction. At the same time, the organization works to avoid the existential risk MEV poses to a stateful blockchain such as Ethereum.

Flashbots aims to provide a platform for MEV transactions that is fair, transparent and permissionless. Flashbots comes with three main goals:

—> Making the MEV revenue public

—> Making the MEV activity transparent

—> Making the distribution of MEV revenue fair

MEV Crisis

The Maximal Extractable Value is the maximum value extracted from block production in Ethereum. MEV benefits not only the transactors but also the miners (or validators). With the recent increase in the usage of Ethereum, the MEV system’s mechanism issues have posed threats to network security. The increase in demand for DeFi caused Ethereum to be congested.
As a result, Ethereum introduced an independent centralized R&D organization, FlashBots, which takes the MEV transactions off the main public chain. Flashbots keep transactions private and increase network security. They connect mining pools and searchers directly with each other while keeping information secure, making them perfect for DeFi.

How Flashbots Work?

Searchers look through the whole network for MEV opportunities. As they come across one, they launch the transaction protocol for that opportunity and upload this to the Flashbot server instead of broadcasting it to the whole Ethereum chain.

Then the Flashbots server comes into play. The bot transfers the transaction details to network miners, and a private auction takes place where miners bid on the transaction to build a block on it. Miners are also allowed to include non-MEV transactions from the public network to these blocks.

Drawbacks

Flashbots is working to make the MEV public to execute its core goal of making the blockchain network transparent and permissionless. But the mechanism is not entirely transparent. The process of generating MEV is still a black box for users.

Furthermore, Flashbots is not the only solution to the MEV crisis. Several other networks have also launched their programs for the solution.

Here's the Analysis of #ARKM :

#ARKM is been printing some new Highs and hodling above the strong support level of $0.65 - $0.67. Also, price is been consolidating over the zone, shows buyer confidence. Right now, no setup can be taken, better wait for a breakout and Daily candle close either side. Alternatively, short-term buys can be taken till top of the range around $0.75.

#BITCOIN is trying again to flip below the support area and after the break & Retest of the minor consolidation. Well, the Major Pattern gave a breakout, and might a simple retest of it. Alternatively, there's Major Support Area for it must hodl. In case of break & Close below, market dynamics gonna change a lot, so watch it on.

#BTC.D (#BITCOIN Dominance) Update :

#BTC.D losing it dominance which lead is massive money flow in altcoins. Index reacted from a resistance somewhere in between and back to the Major Support Area of 51.81% - 52.03%. Daily Candle Closing Below, will lead in further move in alts else a rejection would be a matter of concern for a short-term correction.

The volumes of inflow and outflow on exchanges for #BTC and #ETH have been increasing steadily throughout the year, indicating a broadening interest in spot trading. Notably, #BTC volumes are growing at a much faster pace than #ETH volumes, in line with the trend of increasing #Bitcoin dominance. It's a typical occurrence for BTC to lead the way in boosting investor confidence after prolonged bear markets, and this chart provides a visual representation of this phenomenon.

What Is the Fork Choice Rule?

The Fork Choice Rule (FCR) is a fundamental concept in blockchain protocols, particularly in the context of consensus mechanisms such as Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT). The Fork Choice Rule dictates how nodes in a distributed network should choose between multiple competing chains or forks to reach consensus on the canonical or accepted version of the blockchain.

In essence, when multiple branches or forks of a blockchain exist due to the simultaneous creation of different blocks, the Fork Choice Rule guides nodes in selecting the most valid and preferred chain. This decision is crucial for maintaining the integrity and coherence of the distributed ledger.

Key aspects of the Fork Choice Rule include:

1. Longest Chain Rule (Proof of Work): In Proof of Work (PoW) consensus, the most commonly used Fork Choice Rule is the Longest Chain Rule. Nodes in the network typically choose the chain with the longest valid proof-of-work, considering it as the legitimate and accepted chain.

2. Weighted Voting (Proof of Stake): In Proof of Stake (PoS) consensus mechanisms, nodes' influence in the fork choice is determined by the amount of cryptocurrency they hold or "stake." Nodes with a higher stake may have more voting power, and the Fork Choice Rule may consider the chain with the most stake behind it as the canonical chain.

3. Safety and Liveness: The Fork Choice Rule aims to achieve a balance between safety and liveness. Safety ensures that conflicting transactions are not included in the chosen chain, maintaining the consistency of the ledger. Liveness ensures that the system keeps making progress, even in the presence of conflicting blocks.

4. Finality: Some Fork Choice Rules aim to achieve finality, meaning that once a block is included in the chain, it is considered irreversible. Finality provides a higher level of security and confidence in the state of the blockchain.

Different blockchain networks may employ variations of the Fork Choice Rule, and the choice often depends on the specific consensus algorithm and goals of the blockchain platform. The Fork Choice Rule plays a vital role in establishing decentralized agreement and preventing double-spending or other security threats in distributed ledger systems.

Here's the Analysis of #AXS :

#AXS is been rejected hard from the Strong Resistance Area and hodling above the Strong Structural Support Area around $9.10 - $9.20. Well, price, looks strongly bullish at the moment, so a bounce is expected from here and a Risky buys can be taken with stops below the swing points.

Well, #Bitcoin dip down and tested the major support level and kinda reacted to it. On Daily TF, its a rejection no confirmation yet, so have to see weather it gonna gave a break below of the zone or not. The 1st area of resistance/ flip level would be now at $43,000 - $43,200.

Notice on New Trading Pairs on Binance Spot - 2023-12-28

https://www.binance.com/en/support/announcement/6c2fd758669944fb9b11689ebb49070e

#TOTAL MARKETCAP UPDATE :

Marketcap moving into the positive side and even though 4H given a close below of the support area of $1.59T - $1.60T, but Daily giving a close above and multiple wick rejections, showing bullishness. Well, a whole lot of push is anticipated towards the major resistance zone of $1.75T - $1.78T, where alts could fly smoothly.

Miner revenue from fees has experienced a substantial surge, with certain blocks in 2023 generating fees that surpassed the 6.25 BTC subsidy. Two notable spikes in fees occurred this year, constituting approximately 25% of miner revenues. This level of fee contribution aligns with the exuberant phases observed during the 2017 and 2021 bull markets. In conclusion, the increased reliance on fees indicates a significant shift in the revenue composition for miners, reminiscent of previous bullish periods in the cryptocurrency market.

What Is Front Running ?

Front running is the act of placing a transaction in a queue with the knowledge of a future transaction. Front running on a blockchain platform normally happens when a miner, who has access to information on pending transactions, places an order that would earn him a profit based on a pending trade. For instance, on the Ethereum blockchain, front running can occur when bots are able to quote a higher gas price than a pending trade, thus, hastening its processing.

Other parties capable of front running are full node operators, which are parties tasked with keeping an eye on network activities, hence, have knowledge of unconfirmed transactions. Centralized exchanges can also conduct frontrunning, however, it would be against their best interest to cheat their own customers. Front running can also be orchestrated through other methods. Generalized front running taps into potentially profitable contract calls.

Other types of attacks include displacement, insertion and suppression. With a displacement attack, the malicious actor displaces a genuine transaction with their own. Although the original transaction may still run, it won’t have the positive effect as intended. On the other hand, an insertion attack sandwiches a genuine transaction between two transactions with the aim of making a profit without holding an asset.

The suppression attack is meant to delay others from running a transaction. When the withholding is lifted, the front runner is less concerned about the suppressed trade.

Front running can be mitigated by sequencing transactions and improving transaction confidentiality. Transaction sequencing is achievable through implementations such as Canonical Transaction Ordering Rule like the one employed by BCH (Bitcoin Cash). Confidentiality, on the other hand, is applicable on different sections of a decentralized application (DApps).

#MicroStrategy has acquired an additional 14,620 #BTC for ~$615.7 million at an average price of $42,110 per #bitcoin . Microstrategy now hodls 189,150 #BTC acquired for ~$5.9 billion at an average price of $31,168 per #bitcoin 🚀 🚀