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Devcon VI: First Tickets & FINAL WEEK of Speaker Applications

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Three weeks ago, we opened the speaker and volunteer applications as well as the discount builder and student tickets, and we are excited about the quality of submissions!

This year, we’ve opened applications for those looking to attend Devcon with Builder and Student discounts, as Speakers, Supporters, Volunteers or as Press. But what about improvements for General Attendance passes? Today we want to announce the Auction & Raffle – A new method for ticket distribution and a way for you to save a Devcon ticket ahead of the regular ticket sale.

Apply NOW to Speak at Devcon!

Today we are extending the deadline for speaker applications by one week. If you have not had a chance to submit an application to speak and would like to, head to the application form here. The new deadline to submit is July 5, 23:59:59 UTC.

Applicants will hear back on the status of their application before the end of July. You can find more info on the review process and criteria here.

The First Tickets to Devcon VI: Meet the Devcon Auction & Raffle

Ticket distribution is always a challenge when demand exceeds supply, and we’ve spent time thinking about new ways to give more opportunities to those looking to attend Devcon VI.

This year, we will be holding a pre-sale Auction & Raffle for the first Devcon VI tickets, with the help of the amazing TrueFi dev team.

In past years, Devcon ticket waves, scheduled over different days and times, were aimed at targeting a more diverse population than one simple sale. Still, there are advantages for those who are in the right timezones, or even geographically located closer to our physical ticketing servers. In general, our goal is to distribute tickets in as many ways as we can, and without asking most attendees to wait and refresh a website at a certain time (whenever possible).

How will the Auction work?

Both the Auction & Raffle will take place on Arbitrum, a layer 2 rollup that settles on Ethereum’s mainnet. We advise bridging funds to Arbitrum ahead of time if you wish to participate, and ETH will be the only accepted form of payment.

The Ticket Auction will look similar to a traditional auction: Participants can submit bids and the 20 highest bidders will each receive a ticket to Devcon VI, in exchange for their bid amount. The minimum bid required to participate in the Auction will be 0.25 ETH (a significant discount below the price of a General Admission ticket).

And best of all, proceeds will be donated to public goods! Oh, and everybody who participates in the Auction & Raffle will get a POAP NFT to indicate participation.

Details on where and how to bid will follow soon! Keep an eye out on Twitter and at Devcon.org for more information.

Note: Smart contract wallets like Argent & Gnosis safe will not be compatible with the Auction & Raffle this year. We plan to amend the contracts in future iterations to allow us to accept smart contract wallets.

How will the Raffle work?

Any participants who do not make the top 20 bids will have another chance to win 1 of 80 tickets to Devcon VI at the reserve price (0.25 ETH) through a raffle!

Each person who wins the Raffle will be able to withdraw any extra ETH above the reserve price. If you do not win either the raffle or the auction, you can withdraw your entire bid amount, minus a 2% sybil resistance fee.

Main Details

  • Bidding begins at 08:00 UTC on July 5, 2022,
  • Bidding will close at 07:59 UTC on July 14, 2022.
  • The minimum bid required to participate in the Auction will be 0.25 ETH (a significant discount below the price of a General Admission ticket).
  • The 20 highest bidders will each receive a ticket to Devcon VI in exchange for their bid amount.
  • All other bidders will be entered in the raffle to win 1 of 80 tickets to Devcon VI at the reserve price.
  • All funds/proceeds will be donated to public goods.

Claim Deadline

Winners of the Auction & Raffle will have 48 HOURS TO CLAIM THEIR TICKET. Once this 48 hours has passed, you will no longer be able to redeem your voucher nor withdraw your funds. Set your reminders! ⏲️

Want more information? A very detailed FAQ & Specs section will be featured on the Devcon site in the coming days. Keep posted to Twitter and to Devcon.org for more information.

Ready? Set…

Let’s Recap!

  • The deadline for speaker applications has been extended by one week! This is it: submit those applications to speak today!.
  • The new deadline to submit speaker applications is July 5, 23:59:59 UTC.
  • An on-chain Devcon Auction & Raffle begins on July 5th, 2022! See details above, and stay tuned to Twitter and to Devcon.org for details.
  • If you don’t win a ticket, don’t fret: public ticket sales will launch after the Auction & Raffle pre-sale concludes.

– 🦄



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Ethereum

Bitcoin price targets 8-week highs as Ethereum reaches $1.8K

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Bitcoin (BTC) looked to target new August highs at the Aug. 8 Wall Street open as upcoming United States inflation data fueled sentiment.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

$25,000 next major BTC resistance

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $24,246 on Bitstamp, its best since July 30.

The pair was within striking distance of its highest since mid-June at the time of writing, while traders and analysts scanned the charts for signs of resistance.

For on-chain monitoring resource Material Indicators, this came in the form of sellers at $25,000 and Bitcoin’s 100-day moving average (MA).

“Bear Market Rally is pumping ahead of this week’s CPI report,” it wrote as part of its latest Twitter update.

An accompanying chart showed long signals still characterizing the daily chart, with the 100-day MA sitting at around $25,650.

Order book data from the largest global exchange Binance reinforced expectations of friction in that area, as sell liquidity was mounting around the $25,000 mark.

BTC/USD 1-day candle chart (Bitstamp) with 100-day MA. Source: TradingView

Running the show on risk assets was the Aug. 10 Consumer Price Index (CPI) print, with markets waiting to see if U.S. inflation had set a peak.

While this would notionally allow crypto some breathing space, commentators pointed out that the risk of a major stock market correction remained, with crypto still heavily correlated.

Moves by Larry Fink, CEO of the world’s largest asset manager BlackRock, exacerbated concerns that risk assets were simply in the midst of an extended bear market relief rally.

After last week’s partnership with U.S. exchange Coinbase, Fink sold a tranche of more than 44,000 BlackRock shares this month, his first major sale since the months before the March 2020 COVID-19 crash. Concerns thus focused on whether Fink now knew something that the majority did not.

“I think the one thing that can push prices back down is the stock market having another major pullback,” trader and pundit Max Rager continued on the day.

“Outside, hard to see something putting as much selling pressure as we had with both the LUNA/3AC events.”

Rager argued that since the majority were expecting a trip to June’s lows or worse, this would no longer be what causes the market “max pain.”

Ethereum Merge could be “buy the rumor, sell the news”

Out of the top ten cryptocurrencies by market cap, it was not Bitcoin putting in the best daily or even weekly performance.

Related: Has US inflation peaked? 5 things to know in Bitcoin this week

Major tokens were headlined by Ether (ETH), Solana (SOL) and Polkadot (DOT), which delivered 24-hour returns of between 5% and 8.5%.

ETH/USD, amid ongoing speculation over the Merge and its consequences, reached $1,817 on Binance, marking its highest since June 9.

For on-chain analytics firm Glassnode, the good times could continue until the event itself, expected to be in September.

“There is little directional bias evident in Bitcoin derivatives markets. On the Ethereum side, however, traders are clearly holding a long bias, expressed heavily in options contracts centred in September,” it wrote about traders’ plans in the latest edition of its newsletter, “The Week On-Chain,” released on Aug. 8.

“Both futures and options market are in backwardation after September, suggesting traders are expecting the Merge to be a ‘buy the rumor, sell the news’ style event, and have positioned accordingly.”

ETH/USD 1-day candle chart (Binance). Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.