BlockBeats will organize the key industry news content of the week (10.21-10.27) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
The US government lost $20 million from a stolen address. Soon after trying to transfer the assets, the hacker chose to return the funds.
On October 25, according to Arkham monitoring, a wallet controlled by the US government was hacked. The wallet contained funds seized in the 2016 Bitfinex hack, which has caused the address to lose $20 million. The attacker sent the funds to a wallet starting with "0x348", which included USDC, USDT, aUSDC and ETH. According to @ai_9684xtpa monitoring, the US government has transferred some stablecoins to 2,709 ETH (about $6.08 million) after the stolen funds were transferred to the address starting with 0x348. The exchanged ETH has been distributed to Binance and two new addresses, and the hacker wallet currently still holds $13.2 million worth of AUSDC. And launder money through addresses that may be related to money laundering services.
On October 25, according to Onchain Lens monitoring, the attacker at the US government address transferred 13.19 million aUSDC and 2,408 ETH (US$6.1 million) back to the US government wallet address. The attacker may have begun returning funds to the US government.
The U.S. Treasury Department is considering imposing sanctions on Tether; Tether responded that it was a re-post of old news
According to WSJ, the U.S. Treasury Department has considered imposing sanctions on Tether, the issuer of the stablecoin USDT. According to people familiar with the matter, the federal government is investigating whether the cryptocurrency company Tether may have violated sanctions and anti-money laundering regulations. The focus is on investigating whether USDT is used by third parties to finance illegal activities such as drug trafficking, terrorism and hacker attacks, or to launder related proceeds. At the same time, the U.S. Treasury Department is considering imposing sanctions on Tether because USDT is widely used by individuals and groups sanctioned by the United States, including the terrorist organization Hamas and Russian arms dealers. Sanctioning Tether will prohibit Americans from doing business with sanctioned entities.
Tether CEO Paolo Ardoino responded that day, saying, “As we told the Wall Street Journal, there is no indication that Tether is being investigated. The Wall Street Journal is just repeating old news.”
Earlier, the Wall Street Journal reported that the U.S. Treasury Department has considered imposing sanctions on Tether, the issuer of the stablecoin USDT. According to people familiar with the matter, the federal government is investigating whether the cryptocurrency company Tether may have violated sanctions and anti-money laundering regulations.
TSMC plans to stop supplying chips to Bitmain-affiliated AI company; Bitmain denies having business dealings with Huawei
According to The Information, the U.S. Department of Commerce launched an investigation into TSMC earlier this month to confirm whether it provided chips to Huawei, and TSMC subsequently stopped supplying chips to Sophgo, an artificial intelligence company affiliated with Bitmain. According to two people familiar with the matter, TSMC has cut off the supply of chips to related companies. Since 2020, Huawei has been banned from purchasing chips made using U.S. technology, including chips produced by TSMC. TSMC said it used U.S. technology in its chip manufacturing process and said it would comply with U.S. laws.
Xiamen Suanneng Technology Co., Ltd. (Sophgo) issued a statement denying any direct or indirect business relationship with Huawei. The statement pointed out that the US Department of Commerce's investigation into the relationship between TSMC and Huawei has nothing to do with Sophgo and its products, and the company has always strictly complied with relevant regulations including US export controls. Sophgo has provided TSMC with a detailed investigation report to prove that the company has nothing to do with the Huawei investigation. In addition, Sophgo stated that it will reserve the right to take legal action against any individual or entity that damages the company's business reputation.
Scroll's first airdrop will allocate 7% of the total SCR supply, and the airdrop is now open for claiming
On October 21, Scroll published a post introducing its first airdrop, and 7% of the total supply of SCR has been allocated to Scroll's first airdrop. Scroll has allocated 55,000,000 SCR tokens (5.5% of the total supply) to reward participants who actively contribute to the Scroll ecosystem through on-chain activities. 40,000,000 SCR (4% of the total supply) are distributed proportionally to on-chain participants who have accumulated 200 or more Marks as of 00:00 UTC on October 19, 2024 (the "snapshot"). The snapshot to evaluate Scroll's first airdrop qualifications was taken at 8:00 Beijing time on October 19, 2024. Eligible recipients can claim starting at 15:00 Beijing time on October 22, 2024. Scroll's first airdrop claims will be open for 90 days.
AI meme hype is hot, GOAT becomes the first MEME coin on the pump.fun platform with a market value of more than 500 million US dollars, and the contract has been launched on some mainstream trading platforms
This week, AI meme hype is hot, and the market value of the leading AI meme token recognized by both Eastern and Western KOLs and VCs $GOAT once soared. On October 23, GOAT became the first MEME coin in the history of the pump.fun platform with a market value of more than 600 million US dollars. On October 24, the market value of AI meme coin GOAT exceeded 800 million US dollars. On the same day, GOAT launched contracts and opened transactions on trading platforms such as Binance, OKX, and Bitget. The popularity of GOAT also led to the hype of related AI meme coins, such as FLAVIA (Flavia), FUN (Terminal of fun), etc. Related reading: "Behind the explosion of GOAT, the hype expectations and concerns of AI meme｜100x review" , "a16z talks about GOAT: How did the AI we funded become a multi-millionaire with 50,000 US dollars? 》 、 《The Rise of $GOAT: Meme Religion and AI Gods》 、 《How to speculate on AI meme coins? 》
Meme sparked another speculative craze, Pump.fun earned nearly 1 million SOL
On October 22, CoinDesk reported that Pump.fun's recent active addresses have grown to 85,000, of which 37,000 are new wallets, and users have strong demand to participate in Meme. On Monday, the AI-themed Meme coin (led by GOAT) issued a record 31,000 tokens, sparking another speculative frenzy. Pump.fun allows anyone to issue tokens with less than $2 in capital, after which they can choose the number of tokens, themes, and Meme pictures that go with them. When the market value of any token reaches $69,000, a portion of the liquidity will be deposited in Solana's DEX Raydium and destroyed. Pump can also be used on the Base and Blast networks, but is most commonly used to issue Memes on Solana. Pump.fun has become one of the most profitable upstarts in crypto protocols. Related reading: "Pump.fun is going to issue coins? The studio has already opened the book"
The meme coin SHAR plummeted 90% in a short period of time, and its market value dropped from 34 million US dollars to 3 million US dollars in 5 minutes
On October 24, after the market value of the meme coin SHAR rose from 0 to 60 million US dollars, a needle fell from 40 million US dollars to 3 million US dollars. According to Lookonchain monitoring, an insider used 5710 SOL (about 948,000 US dollars) in 16 wallets for sniping, obtained 665.6 million SHAR (66.56% of the total supply), and distributed it to more than 100 wallets. He sold 500 million SHAR (50% of the total supply) in one transaction, and exchanged it for 19,620 SOL (about 3.38 million US dollars) at one time, causing the price of SHAR to collapse by 96%. Related reading: "60 million memes returned to zero in seconds, SHAR used a 12-hour conspiracy to take away 3 million"
Grass airdrop query is now open, the first round of airdrop will start at 21:30 on October 28
On October 22, the Grass Foundation announced that Grass Network officially launched the Airdrop One plan and opened airdrop inquiries. Airdrop One will distribute 100 million GRASS (10% of the total supply) to early node operators and community members. Users who obtain Grass Points in the first phase (network snapshot) can get 9%; 0.5% is allocated to GigaBuds NFT holders; 0.5% is given to users who install desktop nodes or Saga applications. The network snapshot includes all users who earn more than 500 Grass Points in a specific period. The first round of Grass airdrops will start at 21:30 on October 28, 2024, Beijing time.
ZachXBT: OTC trader Yicong Wang has been helping the hacker group Lazarus Group launder money since 2022
On October 23, on-chain detective ZachXBT posted on social media that Chinese OTC trader Yicong Wang has long helped Lazarus Group convert tens of millions of cryptocurrencies stolen by various hackers into cash through bank transfers since 2022. A few months ago, a follower of ZachXBT contacted ZachXBT after his trading account was frozen after completing a P2P transaction with Yicong Wang (using pseudonyms such as Seawang, Greatdtrader, and BestRhea977). ZachXBT obtained one of Yicong Wang's Tron wallet addresses from a screenshot of the WeChat conversation. When reviewing the blockchain data related to Yicong Wang, it noticed multiple high risks of illegal funds. It is clear from the on-chain data that he has been actively helping the Lazarus Group in the past few weeks. Related reading: "Approaching ZachXBT: How did the strongest detective in the crypto solve the $243 million theft alone? "
Payment company Stripe has acquired stablecoin platform Bridge for $1.1 billion, the largest acquisition in the cryptocurrency sector
On October 21, TechCrunch founder Michael Arrington said that payment company Stripe has acquired stablecoin platform Bridge for $1.1 billion. Bridge is Stripe's largest acquisition to date and the largest acquisition in the history of the cryptocurrency industry. It has raised $58 million from investors and was previously valued at $200 million. Founded by entrepreneurs Sean Yu and Zach Abrams, Bridge provides software tools to help companies accept stablecoin payments. The founders sold Venmo competitor Evenly to Block in 2013; Abrams is also a former senior employee of Coinbase. Related reading: "The largest acquisition in Web3 history: What exactly is Bridge, which Stripe spent $1.1 billion on?"
Russia tries to use Bitcoin for transactions within BRICS to bypass Western sanctions
On October 23, according to Bloomberg, as the BRICS summit opened in Kazan, Russia, the issue of cryptocurrency was put on the agenda. Russian lawmakers are pushing the idea that Russian miners can sell their tokens to international buyers, and domestic buyers can use Bitcoin and other cryptocurrencies to pay for imported goods, effectively bypassing Western sanctions.
Qian Zhimin, the main culprit in the 60,000 Bitcoin money laundering case, denies all criminal charges, and the trial will start on September 29 next year
On October 21, Bloomberg reported that Qian Zhimin (transliteration, alias Zhang Yadi), the main culprit in the UK's 60,000 bitcoin money laundering case and Tianjin Lantian Ge Rui's 43 billion yuan illegal fundraising case, was arrested in April this year and charged with two counts of money laundering. The UK Criminal Prosecution Service accused her of possessing and transferring illegal cryptocurrencies on or before April 23. A man, Seng Hok Ling, was charged with her and pleaded not guilty to a charge of participating in a money laundering arrangement knowingly or suspected that it was criminal property. The trial is scheduled to begin at Southwark Crown Court on September 29, 2025. "Ms. Zhang denies all criminal charges and plans to actively defend herself," her lawyer said after the trial. Related reading "The world's largest money laundering case: more than 61,000 bitcoins were seized, and the mastermind behind the scenes is still at large with $6.3 billion in money"
Uniswap Labs launches Unichain bypassing UNI holders, sparking controversy
On October 22, Uniswap Labs recently announced the launch of the blockchain Unichain, which has raised questions among large holders of UNI tokens about its commitment to decentralization. Billy Gao, director of cryptocurrency governance at Stanford, criticized Uniswap for bypassing the decentralized autonomous organization (DAO) to make major decisions. Gao pointed out that Unichain's hasty launch "surprised many people" and kept "delegates in the dark." He further questioned, "How much control do token holders really have?" Gao also raised speculation that there may be behind-the-scenes transactions between Uniswap and Optimism. As one of many second-layer networks in the Ethereum ecosystem, Optimism's market value accounts for less than one-fifth of all Ethereum second-layer solutions. Why did Uniswap Labs choose OP instead of other leading second-layer solutions, such as Arbitrum, which has a market value more than twice that of Optimism.
The US SEC approved the listing and trading of multiple Bitcoin ETF options, with a maximum limit of 25,000 single-side contract positions
On October 22, the U.S. Securities and Exchange Commission (SEC) approved Cboe Exchange and NYSE American Exchange to list multiple Bitcoin ETF options products. Cboe was approved to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB). Previously, the SEC had approved options trading for iShares Bitcoin Trust (IBIT) under BlackRock. According to the documents, the two exchanges set the upper limit of unilateral positions for each Bitcoin ETF option at 25,000 contracts, which is lower than other ETF options products.
Musk has donated more than $132 million to support Trump and the Republican Party, and Bill Gates donated $50 million to Harris
On October 25, Bloomberg reported that Elon Musk donated another $56 million in the final weeks of the 2024 election to support the election of Donald Trump and other Republicans, bringing the total donations from the world's richest man to his allies in the White House and Congress to at least $132 million. The donations were revealed in disclosure documents to the Federal Election Commission on Thursday, showing that the CEO of Tesla and SpaceX is providing financial support to the "triple power" in Washington: funding Trump's White House campaign and supporting Republicans in the House and Senate. On October 23, Bill Gates, who has been out of politics for decades, privately stated that he recently donated about $50 million to Future Forward, a nonprofit organization supporting Vice President Harris' campaign. The donation was originally made in secret.
Tap Protocol will distribute TAP tokens on October 21
On October 21, the Bitcoin DeFi protocol Tap Protocol distributed TAP tokens. Tap Protocol aims to be the first protocol to combine the ease of use of account-based systems such as Ethereum with the security of Bitcoin's UTXO model.
Tesla's Bitcoin holdings remain unchanged in Q3
On October 24, Tesla (TSLA.O) released its financial report, with revenue of $25.18 billion in Q3 2024, compared with market expectations of $25.4 billion and $23.35 billion in the same period last year. Tesla's Bitcoin holdings remained unchanged in the third quarter of 2024.
The Tianjin police in China cracked down on a gang that "withdraw cash for U" for fraudsters and seized more than 200,000 yuan in funds involved in the case
On October 25, according to The Paper, the Tianjin Public Security Bureau Criminal Investigation Corps organized Wuqing Branch to successfully crack down on a "cash for U" gang that used the identity of "currency dealers" as a cover to collect cash from victims on behalf of fraudsters, and cracked more than 10 cases in Tianjin and surrounding provinces and cities. The Tianjin Public Security Bureau Criminal Investigation Corps organized Wuqing Branch to successfully arrest four members of the gang and seize more than 200,000 yuan of funds involved in the case.
This week's hot articles
"On the other side of Nvidia's all-time high, AI's abstract body brought in $800 million"
Nvidia CEO Jensen Huang hopes that the company will grow to have 50,000 employees and 100 million AI assistants in the future. In the crypto, this vision is reflected in the meme coin $GOAT: this coin has a market value of $800 million in less than two weeks, becoming a new generation of phenomenal meme. The driving force behind $GOAT, Truth Terminal, is an AI Twitter account created by New Zealand developer Andy Ayrey. It has attracted attention including a16z founder Marc Andreessen with its absurd and humorous "personality". The evolution of this type of AI has gradually entered the field of autonomous decision-making, and may even promote the independent issuance and operation capabilities of AI in the cryptocurrency market in the future.
Recently, Stripe announced the acquisition of the stablecoin platform Bridge for $1.1 billion, becoming the largest acquisition in the history of Web3. Bridge completed a $58 million financing in August this year and received support from multiple investment institutions. As the Web3 version of Stripe, Bridge helps companies easily access and issue stablecoins through a simple API interface, and supports cross-border fund transfers. Bridge's annual payment volume has exceeded $5 billion, and its customers include SpaceX. The platform has obtained operating licenses in many regions around the world and is committed to promoting changes in the field of stablecoin payments. In the future, it is expected to inject new vitality into global capital flows.
"It took three months to become the "Binance of meme", things you don't know about Moonshot"
Moonshot has quickly risen to become a major platform in the crypto market, with its mobile app offering a simple way to purchase Meme coins with fiat, attracting a large number of users. Since its launch, Moonshot has achieved significant volume growth and set a new benchmark in the industry, building on the success of tokens such as MOODENG. Although the popularity of MOODENG has driven Moonshot's development, user growth has been challenging. With the cooperation of partners such as MoonPay, Moonshot's user experience has been greatly improved, becoming the main platform for Meme coin transactions. At the same time, there have been benchmark applications such as Prerich on the market, but they have not yet been able to match Moonshot in terms of user appeal and market influence.
《What other chains are doing pump.fun? 》
The editor would like to put double quotes around the name of the product "pump.fun" because its significance has gone beyond the "coin issuance product" itself. Now, it has become the most direct, most effective, and perhaps the only "life-saving straw" that all chains consider. Regardless of whether it is a new chain or an old chain, regardless of the main narrative of these chains, regardless of the purpose that the project parties behind these chains want to achieve, the market situation presented to all of us is that as long as it is a chain, just pump it and let everyone have fun.
In this in-depth interview, Bruce, the host of ETHPanda Talk, and Vitalik Buterin, the founder of Ethereum, discussed the various possibilities of the digital society in 100 years. Vitalik emphasized the unlimited potential of the future digital society in blockchain technology, decentralized collaboration, and AI assistance, and encouraged more people to join in and jointly promote technological development and social progress. Vitalik also shared his attention and support for longevity technology, explaining how his diet and exercise habits help him stay healthy. In addition, the interview delved into the "civil war" in Bitcoin's history and its similarities to the phenomenon of nationalization in the real world. The interview ended in a relaxed atmosphere, and Vitalik humorously described Ethereum as "a more fun game", encouraging everyone to continue to pay attention to and support the construction of the Ethereum ecosystem.
This week, the SHAR token experienced a surge in market value from zero to $60 million in just a few hours, and then quickly collapsed to $3 million, demonstrating the extreme volatility of the market. SHAR attracted a lot of attention when the GOAT token kicked off the meme craze on the Solana chain. Despite the warnings of on-chain detectives, the market still had confidence in it. However, after causing FUD, the project quickly announced that it could not continue operations and tried to shift the blame to KOLs, disappointing many investors. Although SHAR’s failure is a sobering one, it seems that people’s pursuit of meme potential has not diminished.
"a16z talks about GOAT: How did the AI we funded become a multimillionaire with $50,000?"
In this podcast, a16z co-founder Marc Andreessen and Ben Horowitz discuss the intersection of artificial intelligence and cryptocurrency, specifically the autonomous chatbot Truth Terminal developed by Andy. Marc accidentally provided the robot with $50,000 in Bitcoin funding, which inspired its ambition to launch a token, and ultimately caused the market value of Meme coin "GOAT" to soar to $300 million. The podcast discusses how this phenomenon reflects the potential of community-driven systems and its impact on the future of digital assets.
The Rise of $GOAT: Meme Religion and AI Gods
The combination of Meme coin and AI has formed a religious phenomenon, namely "Meme religion". Compared with traditional religions, MEME coin is more than just an investment tool. It creates a digital belief system driven by the desire for wealth through its combination with AI technology. In this system, MEME coin is regarded as a sacred symbol, and AI acts as a "god", guiding and manipulating the beliefs and investment behaviors of believers through algorithms. At the same time, behind this virtual religion, there is greed, hope and disappointment in human nature, reflecting the disillusionment of contemporary society with traditional wealth paths.
Kraken will launch native L2 Ink. How can users participate early?
Kraken will launch Ink, an L2 blockchain based on the Optimism Superchain, which aims to simplify user interactions with DeFi applications and protocols and reduce the complexity of on-chain. Ink is built on the open source OP Stack code base, combined with the security of Ethereum, and is committed to providing users with a seamless DeFi experience. The platform emphasizes user-centricity, promotes interoperability and innovation, and encourages developers to build products with its rich resources and support. With the upcoming launch of the Ink testnet, users can participate by minting commemorative NFTs, participating in DevJam, and more.
On-chain detective ZachXBT has helped victims of fraud and theft recover nearly $500 million since 2021, including confronting Ansem, publishing Murad's address, exposing U-seller Wang Yicong, and disclosing SHAR's project deck. Last month, he uncovered a $243 million theft, the largest theft ever against an individual. From tracking crimes deep in the blockchain to revealing the huge flow of funds behind luxurious lifestyles, ZachXBT has helped recover hundreds of millions of dollars in stolen funds in just a few years with his wisdom and persistence. This article in Wired magazine will take you into the mysterious world of this "faceless detective" of cryptocurrency, revealing how he battles wits and courage with crypto crimes, as well as those little-known behind-the-scenes stories.
Fantom recently underwent a rebranding, changing its name to Sonic, and plans to rename its native token $FTM to $S. Although the overall TVL has not yet grown significantly, Fantom, as an EVM-compatible, high-performance Layer 1, has the potential to become the next investment hotspot. Sonic has launched a series of incentive programs, such as Fee Monetization and airdrop projects, to attract developers and users to participate in ecosystem construction. Major DeFi applications include Equalizer and Beethoven X. Although market performance is mixed, Fantom's low valuation may provide opportunities for early investors.
Recently, the Crypto industry report released by a16z has caused a lot of discussion in the crypto investment circle. Lily Liu, chairman of the Solana Foundation, pointed out the implicit "EVM bias" in a16z's industry report, believing that the report ignored Solana's outstanding performance in transaction fees, NFT and DeFi markets. Although Solana ranked among the top in NFT addresses and transaction volume in the past year, the report did not mention DePIN's major innovations such as helium and Hivemapper. These breakthrough projects demonstrate the real-world applications of decentralized networks, especially the booming development in the Solana ecosystem, which makes people look forward to the future.
Vitalik on the possible future of Ethereum (Part 4): The Verge
Ethereum founder Vitalik Buterin has recently published a series of articles on the possible future of Ethereum. This article is the last in the series. This article explores in detail the importance of stateless verification in Ethereum, pointing out that the decentralized nature of blockchain relies on users being able to run verification nodes. Although it is technically feasible to run a fully verified node at present, it has caused difficulties for users due to excessive storage requirements. The Verge aims to lower this threshold and promote the technical development of Ethereum stateless verification, including Verkle trees and STARKs. In addition, other use cases mentioned in the article, such as memory pool verification and light client operation, emphasize the importance and diversity of efficient stateless verification. Ultimately, the contrast between the technical challenges faced by users and the solutions provides deep insights into the future development of Ethereum.
7 Bitcoin Valuation Models: From $500,000 to $24 million
The recent price of Bitcoin has once again exceeded $69,000, driven by US economic policies and cryptocurrency-related benefits. Forecasts show that Bitcoin could reach $13 million in the next 20 years, depending on the support of multiple valuation models, including its role as a gold substitute, a global asset substitute, and based on production costs. The article lists seven common Bitcoin valuation models, explores its long-term value trend, and analyzes Bitcoin's potential market share in currency, real estate, and gold. Model predictions show that if Bitcoin is widely accepted, its future price could reach $500,000 to $7.5 million.
《A quick look at the top ten winning projects of ETHGlobal San Francisco 2024》
Ten winning projects stood out from 223 participants in the ETHGlobal San Francisco 2024 event. These projects demonstrated innovative applications of blockchain and AI technologies in different fields such as fitness, video content creation, gaming, disaster response, audio copyright protection, smart contract development, and sports betting.
This article provides an in-depth analysis of the current status of institutional investors in Ethereum (ETH) staking, revealing their motivations for participation and the challenges they face. 69.2% of respondents are staking ETH, and 78.8% are investment companies or asset management companies, indicating that institutions have significant interest in and participation in ETH staking. About 60.6% of respondents use third-party staking platforms, and tend to choose large, integrated platforms that solve the problems of low capital efficiency and technical complexity of individual staking. LSTs are widely popular, and respondents are generally concerned about liquidity issues. 71.9% expressed concerns about liquidity, while emphasizing that the source of liquidity is an important factor when choosing a staking platform. Overall, institutional investors have shown a strong interest in ETH staking, but need to remain vigilant in terms of liquidity, regulation, and risk management.
Daedalus's Labyrinth: The Token Economic Model Hidden from Retail Investors
The token economic model has always been an important criterion for investors to evaluate a certain target, but L1D partner 0xLouisT revealed in his recent article that in addition to the conventional token economic model presented to the market, many projects also hide another invisible "token economic model" underwater. Except for the team members and related persons, it is difficult for the outside world to know the true distribution plan of a certain token. In the article, 0xLouisT compared the story of "Daedalus' Labyrinth" in Greek mythology, believing that these hidden "token economic models" are like mazes, and the project parties that create these mazes are like Daedalus, who will eventually be trapped in their own cocoons and go to destruction.
20 Lessons Crypto Founders Need to Know: Validate Your Hypothesis with a Minimum Viable Product
20 lessons that Crypto founders need to know: including that successful crypto entrepreneurs need to start with small problems and focus on solving specific user needs; verify core assumptions through minimum viable products (MVP) and establish deep connections with early users; set stable daily active user goals and clarify business models to achieve profitability, etc.
"Crypto VC Investment Level Awards: Who Has the Most Outstanding Return Rate?"
This article attempts to find the best performing crypto VC investors by analyzing relevant data. The study classifies financing projects by year and calculates the ratio of financing amount to fully diluted market value (FDMC) to find the investment cases with the highest returns in history. Investors who led these high-return rounds include @multicoincap, @polychaincap, @paradigm and @PanteraCapita, among which @animocabrands and @a16zcrypto are the only companies that have led high-return transactions multiple times.
The DeFi options market has undergone significant changes, with new protocols and strategies emerging to reshape decentralized options trading. Despite the challenging market outlook, options trading volume rebounded significantly in 2024 with the introduction of new products such as AEVO and Derive. Many protocols have faced elimination over the past year, especially those projects that failed to find product-market fit. The increased interest in short-term options among retail traders in traditional finance has made it a key question whether DeFi options can catch up. Although perpetual contracts currently dominate, market participants are looking for more complex options strategies to expand market share.
"Blockchain indicator analysis trap: Why are active addresses and TVS unreliable?"
Blockchain generates a large amount of public data, but the wrong use of metrics can lead to misunderstandings about the industry. This article explores three common metrics and their problems: active addresses, blockchain profitability, and total value guaranteed. Active addresses appear to reflect user engagement, but in the blockchain environment, their value is limited due to the ease with which users can create new wallets and the prevalence of airdrops. Blockchain profitability is often evaluated through network fees, but does not take into account that users can also earn rewards through staking on PoS chains. Therefore, using real economic value (REV) as an alternative metric can better reflect network demand. Finally, total value guaranteed (TVS) is often used to evaluate the market share of Oracles, but ignores their actual performance. Using total transaction value (TTV) can more accurately reflect the activity of Oracles.
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