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Cambridge Research: The United States hosts about 31% of Ethereum nodes, with over 1/3 of the nodes offline or affecting final confirmation

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

XAUT announced that the Greater China region node will be integrated into the global mainnet from June 15 to 20, simultaneously connecting WEFI payments with the DEO digital banking ecosystem

The official announcement from the XAUT ecosystem states that the Greater China region node will officially complete its network connection from June 15 to 20, fully integrating into the global node network, simultaneously connecting the WEFI payment system and DEO Banking digital banking, completing the critical expansion of global financial infrastructure.The core focus of this ecological upgrade is on three major tracks: global stablecoin payments, on-chain asset clearing and settlement, and one-stop digital banking services. The dual asset pledge system for USDC and USD1 will be launched simultaneously, with multiple measures running in parallel to comprehensively optimize the underlying liquidity of the ecosystem, user asset allocation efficiency, and cross-border payment flow capabilities.According to official disclosures, the network upgrade of the Greater China region node will link with Helio Protocol's global investment ecosystem resources, implement XAUT gold stablecoin payment scenarios, diversify digital financial services, and establish a global node collaborative operation system, continuously improving the underlying architecture of the global stablecoin payment network, laying a solid foundation for the digitization of gold assets, cross-border compliant payments, and the large-scale implementation of on-chain banking services.

Glassnode co-founder: Bitcoin may have reached a bottom range, with a high probability that the bottom is between $46,000 and $54,000

Glassnode co-founder Rafael posted an analysis of the recent Bitcoin price trend on the X platform, noting that the current Bitcoin price is in the $62,000 range, having dropped nearly 50% from its all-time high, with a decline of 24% over the past month. The price has crossed the upper range of its pricing framework, entering a valuation cluster area where historical cycles have previously shown bottoms.Rafael further pointed out that market bottoms cannot be confirmed in advance and can only be defined through probability ranges and key price levels to identify potential bottom signals. Bitcoin has fallen below the median holder breakeven line for the first time since December 2022, currently situated within a broader support range: the median realized price is approximately $64,100, and the 200-week moving average price is around $61,700.The current high-probability bottom range may be between $46,000 and $54,000, with a rare "sell-off tail" below that range of $35,000 to $40,000. It is important to note that the magnitude of cyclical pullbacks is gradually decreasing: previous rounds of lows saw declines of about 85%, 84%, and 77%, while this round has only dropped about 50%, indicating that a high-probability bottom is more likely to be in the upper range, though extreme sell-off possibilities cannot be ruled out.
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