Followin Daily (September 14)

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Today's Quote

Bitcoin $26,247 – 26,283 (+0.13%)

Ethereum $1608 – 1618 (+0.63%)

daily news

-Data : The number of Coinbase L2 network Base unique user addresses exceeds 270,000

-Data : The number of transactions on friend.tech reached 538,000 yesterday , a record high

- CZ : Cryptocurrency has left its very early stages and may experience exponential growth

- Banana Gun: 740 ETH has been returned to 591 wallets affected by the vulnerability

Quote related

Is halving the only driving factor for the 2013 , 2017 , and 2021 bull markets ?
The logic of "halving" driving the bull market is not only the situation, but also the cost factor

In-depth articles

Dismantling FTX ’s US$ 3.4 billion position, how much selling pressure is there on the top ten currencies?
FTX, once a well-known cryptocurrency exchange that had a diverse digital asset portfolio before its decline

Next target for SEC enforcement action: Crypto wallets?
Cryptocurrency is already “non-compliant,” especially its “business model,” at least according to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler

Vitalik’s latest speech: Current applications are not imaginative enough and an independent and open technology stack is the dream of Ethereum
Vitalik Buterin does not want Ethereum to rest on its past achievements, but to continue to solve old problems with new ideas and methods

Project Insights

SWOT Analysis of LSD- Backed Stablecoins : Which Project Will Stand Out?
The stablecoin supported by LSD is a stablecoin of the CDP model, which requires over-collateralization through liquidity pledge tokens and has liquidation risks.

Friend Tech in-depth report: outbreak process, airdrop expectations, death spiral and top ten risks
Folius Ventures released an analysis report on Friend Tech, pointing out that it currently refuses to contact all VCs except Paradigm. Mining is the only way to gain exposure to the company. It is estimated that the final FDV may be around US$1.5 billion.

Exclusive interview with Yuga Labs : We are more like Tencent of Web3 , continuing to change the rules of the NFT game
In recent months, the transaction volume, new issuance volume, and blue-chip NFT prices in the NFT market have continued to decline, and BAYC has also fallen below 24ETH many times.

The Stablecoin Landscape after MakerDAO EDSR : Changes, Responses and Opportunities
With the emergence of disruptors such as Liquidity Collateralized Derivatives Finance (LSDFi) and MakerDAO Enhanced DAI Deposit Rate (ESDR), stablecoin holders have more needs to earn income.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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