BlockBeats will organize the key industry news content of the week (7.22-7.28) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Former US President Trump delivered a speech at the Bitcoin 2024 conference, which received a warm response
In the early morning of July 28, at the Bitcoin 2024 conference held in Nashville, former US President Trump appeared and delivered a nearly one-hour speech. Although it was delayed by one hour from the original time, tens of thousands of audience members were still in high spirits during Trump's highly personal speech.
Trump said that the market value of Bitcoin has been increasing since its birth, and it will surpass gold in the future; if he takes office, he will fire the current SEC Chairman Gray Gensler. He is also currently making plans to ensure that the United States will become the world's encryption center and Bitcoin superpower; and emphasized that during his last term in office, Bitcoin rose by 3900%. Finally, as the market had speculated before, he also confirmed in this speech that after his election, the United States will not sell (100% retain) any Bitcoin as a strategic Bitcoin reserve. Details: " Full text of Trump's speech at the Bitcoin Conference: I will fire the SEC Chairman, never sell your Bitcoin ", " If Trump really declares Bitcoin as a strategic reserve asset, what will be the impact? "
Current US President Biden announced that he would withdraw from the 2024 presidential election and support Vice President Kamala Harris as the 2024 Democratic presidential candidate
On July 22, the current US President Biden issued a statement announcing his withdrawal from the 2024 US presidential election. US President Biden expressed his support for Vice President Kamala Harris to become the 2024 Democratic presidential candidate. A few minutes after Biden announced his withdrawal from the 2024 presidential election, Trump responded in a phone call with CNN: "He is the worst president in the history of our country. By far, he is the worst president in the history of our country. Biden is not fit to run for president or to serve the country." Trump believes that Vice President Harris is easier to defeat than Biden. At the same time, Richard Hudson, chairman of the National Republican Congressional Committee, questioned Biden's ability to complete the rest of his term. Even after Biden announced his withdrawal from the election, Johnson, the Republican Speaker of the U.S. House of Representatives, called on Biden to resign "immediately." Biden's withdrawal from the election also affected related meme coins. The meme token Jeo Boden (BODEN) fell more than 58% after Biden announced his withdrawal from the presidential election. The token fell 91% in 1 month. Related reading: "What is Biden's Vice President Harris's position on cryptocurrency? 》 、 《The US Vice President announced that he will take over from Biden to run in the general election. Which new tokens are worth paying attention to? 》
The Bitcoin 2024 US Conference was held from July 25 to 27, with many guests expressing their opinions and market forecasts.
The conference was hosted by Bitcoin Magazine. Bitcoin Magazine CEO David Bailey said on his social platform, "Just spoke to the president's team. He is in good spirits and is still in Nashville (the venue for the 2024 Bitcoin Conference) to give a speech that the whole world can hear." The conference attracted many local American crypto enthusiasts, including speeches by two presidential candidates, Trump and Robert Kennedy Jr., which attracted much attention. And because of the previous assassination of Trump, security checks are significantly stricter than other types of activities before. Microstrategy founder Michael Saylor said that 2024 will be seen as "the first year that mainstream institutions adopt Bitcoin." Saylor's company has owned more than 200,000 bitcoins since it announced Bitcoin as its main fiscal reserve asset in August 2020. Related reading: "The first day of the Bitcoin 2024 conference: Trump fever sweeps Nashville"
US presidential candidate Kennedy: If elected, he will ask the United States to buy 550 BTC per day to build a 4 million BTC reserve
Robert F. Kennedy Jr., an independent candidate for the US presidency, said at the Bitcoin 2024 conference in Nashville that if he is elected president, he will sign an executive order requiring the United States to buy 550 bitcoins a day until a reserve of 4 million bitcoins is established. He also said that he is a loyal supporter of Bitcoin. Most of his wealth is invested in Bitcoin. In addition, he promised that if elected, he would push the federal government to buy $615 billion in Bitcoin until the scale of Bitcoin held by the United States matches the national gold reserves. It is reported that the US government is the world's largest gold owner, with 8,134 tons of gold. At current prices, gold is worth $615 billion, and 9.4 million BTC are needed to match this value, equivalent to nearly 45% of the total supply.
Ethereum spot ETF officially approved for listing and trading
On July 23, according to official information from the SEC, it has officially approved the S-1 applications of multiple ETF issuers. After the U.S. stock market opened, all spot Ethereum ETFs were officially listed and started trading, including:
BlackRock Ethereum Spot ETF (ticker ETHA) is listed on the Nasdaq exchange;
Fidelity Ethereum Spot ETF (ticker FETH) is listed on the CBOE exchange;
The Bitwise Ethereum Spot ETF (ticker ETHW) is listed on the NYSE exchange;
VanEck Ethereum Spot ETF (ticker ETHV) is listed on the CBOE exchange;
Invesco Galaxy Ethereum Spot ETF (ticker QETH) is listed on the CBOE exchange;
Franklin Ethereum Spot ETF (ticker: EZET) is listed on the CBOE exchange;
Grayscale Ethereum Spot ETF (ticker ETHE) is listed on the NYSE exchange;
Grayscale Ethereum Spot Mini ETF (ticker ETH) is listed on the NYSE exchange.
The trading volume of the Ethereum spot ETF exceeded $1 billion on the first day of its launch, with Grayscale ETHE accounting for nearly half. On July 23, Valentin Fournier, an analyst at digital asset research company BRN, said, "It is recommended to maintain exposure to the positive momentum of the cryptocurrency market, but prefer Bitcoin rather than Ethereum. We believe that Ethereum's hype and (ETF) inflows have been digested by the market. Ethereum is expected to fall to a level between $2,800 and $3,100, and then rebound to $4,000 in September." Related reading: "Ten years from ICO to ETF, Ethereum spot ETF officially approved for listing" , "How much capital inflow will ETF bring to Ethereum? Who can continue to benefit? " , "10x Research: In the post-ETF era, how will ETH prices go? "
JD.com will issue a stablecoin in Hong Kong pegged 1:1 to the Hong Kong dollar
On July 24, according to Cailianshe, JD.com will issue a cryptocurrency stablecoin in Hong Kong that is pegged 1:1 to the Hong Kong dollar. JD.com Stablecoin is a stablecoin based on a public chain and pegged 1:1 to the Hong Kong dollar (HKD). It will be issued on a public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are securely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosures and audit reports. Previously, on July 18, the Hong Kong Monetary Authority announced the list of participants in the "Sandbox" for stablecoin issuers, including JD.com Coinlink (Hong Kong). Related reading: "JD.com picks up blockchain again by entering the stablecoin game"
Jupiter's collaboration with Irene Zhao sparked controversy, with the latter being questioned by users for having previously participated in multiple crypto scams
On July 23, meow喵, the anonymous founder of Jupiter, a decentralized exchange aggregator for Solana, announced on the X platform that it would launch a meme coin in cooperation with Irene Zhao, a KOL from Singapore. This news has caused strong dissatisfaction in the cryptocurrency community, because Irene Zhao has been involved in many suspicious crypto-related activities before, and questioned that meow喵's cooperation with Irene Zhao is completely supporting fraudulent activities. In response, the two parties responded. meow喵 responded: "The key concepts here are allocated developer market share, known airdrop allocations, and long-term liquidity adjustments. We can only understand how past events work over time." On July 24, Irene Zhao spoke in X Space and said that she personally did not intend to promote the scam meme. Some meme projects that were criticized in the promotion were also deceived by the project's BD personnel, not intentionally. After the incident, the security awareness has been improved, and she personally did not earn extra income from it. She apologized to investors for the previous mistakes. Related reading: "Jupiter's collaboration with Irene Zhao sparked controversy, and the chain detective ZachXBT exposed the latter's dark history" , " Irene Zhao appeared in the community to respond to fierce doubts, what did Space say last night "
Mentougou has gradually transferred BTC and BCH to the trading platform for compensation distribution, and some creditors have received compensation.
On July 23, according to the monitoring of the on-chain analyst Ember, Mt.Gox (Mentougou) has transferred 56452.9 BTC (US$3.558 billion) to the trading platform for compensation distribution. There are 5 exchanges that have executed the Mentougou BTC compensation distribution, namely: Bitbank, SBI VC Trade, Kraken, Bitstamp, and BitGo. The specific process is that the Mentougou address will transfer the BTC that needs to be distributed to the corresponding trading platform, and then the trading platform will execute the distribution. On July 24, Dave Ripley, CEO of the cryptocurrency trading platform Kraken, said, "Kraken has successfully distributed the BTC and BCH in the Mentougou Mt. Gox assets to creditors." On the same day, according to market news, the creditors of Mentougou Mt. Gox reported that they had received the returned Bitcoin in their Kraken accounts. On July 26, Bitstamp said that it had also completed the distribution of BTC and BCH to the creditors of Mentougou Mt. Gox.
Binance Labs Announces Investment in Pluto Studio
On July 23, Binance Labs announced its investment in Pluto Studio, the publishing platform for the Telegram-based Web3 game Catizen. Catizen is a groundbreaking game bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's large user base to stand out in today's Web3 attention economy, aiming to introduce Web3 to a wider audience through interactive mini-games and mobile payment options.
Market News: dYdX is in talks to sell its trading platform
On July 23, according to market news, dYdX is said to be in talks to sell the trading platform. Two unnamed people familiar with the matter said Wintermute Trading and Selini Capital are potential buyers.
Musk changed his social media profile picture to "laser eyes" and removed it just one day later
On July 22, Elon Musk changed his X-platform profile picture to the iconic "laser eye" image of Bitcoin supporters to celebrate Biden's withdrawal from the election. Messari founder Ryan Selkis also changed his profile picture to the "same" laser eye as Musk. In addition, a large number of Musk laser eye-related meme tokens such as DARKMUSK are currently on the market. However, just one day later, on July 23, Elon Musk removed the "laser eye" profile picture from the social platform. Related reading: "Musk takes orders again, and changes to laser eyes after three years"
Trump announces new book 'Saving America'
On July 25, Trump announced that he would release a new book, SAVE AMERICA, which would feature a photo of his assassination scene as the cover. "I am very pleased to announce my new book SAVE AMERICA. As you all know, the first two books, Our Common Journey and Letter to Trump, have been a huge success, and this is the best, especially considering that we are now living in a failed country, but it will not fail for long. We will make America great again soon!"
OKX Jumpstart will list Matr1x (MAX)
On July 24, according to the official announcement, OKX Jumpstart launched Matr1x (MAX), and mining will start at 14:00 Beijing time on July 29, 2024. BTC/ETH holders can stake BTC/ETH to mine MAX tokens.
BlockBeats fully integrates Farcaster protocol to bring a new Web3 content platform experience
This week, BlockBeats once again updated its App and website to support the Web3 innovation. BlockBeats will fully integrate its user system into the Farcaster protocol. Readers can choose to use the Farcaster protocol to log in to the BlockBeats APP to comment on and forward content, which will also be reflected in your Farcaster account. When readers use the BlockBeats client, they can closely integrate with the encrypted content on Farcaster and complete content discovery, dissemination and management functions directly in the application. We will also build and operate a more friendly encrypted discussion community on Farcaster. Farcaster is a new generation of decentralized social media protocol that supports the freedom to choose different clients to log in, and allows developers to create different types of applications based on the protocol. Details: "BlockBeats fully integrates the Farcaster protocol to bring a new Web3 content platform experience"
Celebrity MEME coins may be "annihilated", with an average drop of 94%
On July 25, Jupiter business expansion manager Slorg wrote that last month, the Solana network launched 30 MEME tokens launched by celebrities, including Andrew Tate and Soulja Boy, which were once very popular. Now, each celebrity coin has fallen from its historical high, with an average drop of 94%. Even the best performing tokens have fallen by more than 70%. Half of them have fallen by more than 99%, and this is only about a month in their life cycle.
With a 1 in 1.1 billion chance, a micro-miner can mine a Bitcoin block worth more than $200,000
On Thursday, Bitcoin mining equipment retailer Altair Technology announced that a Bitcoin micro-miner Bitaxe with a computing power of only 500 Gh/s successfully packaged a block on the 24th. According to the current Bitcoin price, it received 3.19 Bitcoins (block rewards + handling fees) worth about $206,000. This miner is likely to be the first person to use a Bitaxe miner with a computing power of about 500 Gh to mine Bitcoin blocks alone on the Solo CKPool mining pool. The Bitaxe miner is produced by Bitcoin mining service provider D-Central Technologies and is priced at only about $135 to $265. The miner is only about the size of a person's palm.
This week's hot articles
In the early hours of this morning, at the Bitcoin 2024 conference held in Nashville, former US President Trump appeared and delivered a nearly one-hour speech. Although it was delayed by one hour from the original time, tens of thousands of audience members were still in high spirits during Trump's highly personal speech. This was Trump's campaign declaration to the US cryptocurrency community. BlockBeats compiled the text as soon as possible, hoping that everyone can feel the scene from the text.
"How do Telegram games make money?"
As Telegram's public chain, TON was once among the top few in the crypto financing rankings, but for many years it has always been like a plane circling on the airport takeoff runway, never taking off. But now, the mini-games on Telegram have entered a prosperous stage. At present, there are at least more than a hundred mini-games running on Telegram, and thousands of games are ready to go online. In the previous article "Domestic small and medium-sized game manufacturers that are pressed to the bottom of the box are being saved by the TON chain ", we discussed the development of the Telegram mini-game market from the perspective of game developers. However, developing game code and technical services is completely different from successfully operating and making profits on TON. How can the project side of Telegram mini-games achieve profitability? Will anyone really charge money for Telegram mini-games? After reading this article, you may be able to find the answer.
"How long will TON remain popular?"
This episode invites Alena Shmalko, head of ecosystem at the TON Foundation, and Jack Booth, marketing director at the TON Foundation, to discuss the current status and future prospects of TON. The two talked about how the open league can help TON increase TVL and other key indicators, and how Telegram's cooperation with TON has evolved and deepened over time. In addition, the discussion also touches on the mechanism of Notcoin and the reasons for its success, and whether the rise of games like Hamster Kombat can be sustained. The importance of USDT in the TON ecosystem and its contribution to the growth of TVL are also highlighted. Jack mentioned the upcoming Bitcoin trustless bridge and explained its possible importance and whether TON has plans to integrate with applications other than Telegram.
"JD.com once again picked up blockchain by entering the stablecoin market"
On July 24, according to Cailianshe, JD.com CoinChain Technology (Hong Kong) will issue a cryptocurrency stablecoin anchored to the Hong Kong dollar at a 1:1 ratio in Hong Kong. JD.com CoinChain Technology (Hong Kong) is a subsidiary of JD Technology Group and the only potential stablecoin issuer under JD.com. According to the official website, JD.com Stablecoin is a stablecoin based on the public chain and pegged to the Hong Kong dollar (HKD) at a 1:1 ratio, which will be issued on the public blockchain. Each JD.com stablecoin can be redeemed at a 1:1 ratio, and its reserves are composed of highly liquid and credible assets, which are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosures and audit reports. However, due to the influence of various factors such as supervision, the development of JD.com's stablecoin business may not be smooth sailing. However, this step taken by JD.com may stimulate other technology companies to regain their blockchain business to a certain extent, and send more positive signals to the encryption industry.
"What would be the impact if Trump really announced Bitcoin as a strategic reserve asset?"
Last weekend, a rumor that Trump would announce BTC as a strategic reserve asset for the United States at the Bitcoin 2024 conference was widely circulated, and with Bitcoin quickly returning to $68,000, the market sentiment has also risen a lot. If true, Bitcoin's status will be comparable to the real gold. Investor demand for Bitcoin will increase sharply, pushing up its price. This will also greatly increase its mainstream acceptance, and other countries and institutions may follow the United States' footsteps and include Bitcoin in their reserve assets, further consolidating Bitcoin's position in the global financial system. However, even if Trump is really elected as the new president, he cannot make Bitcoin a strategic reserve asset by himself. This process will involve extensive deliberation by policymakers, economists and financial experts, and will also require approval from Congress and coordination with the Federal Reserve and the Treasury Department.
"Besides Trump, which other American politicians will attend this year's Bitcoin conference?"
Although US Vice President Harris was absent, this year's Bitcoin Conference was not lacking in American politicians. The conference invited 10 American political guests, including Trump, of whom 8 were Republicans, only one was a Democrat, and one was an independent (former Democrat). This article reviews the politicians who attended the Bitcoin Conference and their role in promoting encryption.
$840,000 to talk to Trump? These people did it for less than $5,000
Trump gave a 30-minute personal speech at the latest Bitcoin 2024 event in the United States. Previously, according to the invitation letter posted online, it would cost $60,000 to take a photo with Trump, and $100,000 for two people. The price of the roundtable meeting was as high as $844,600, which is exactly the maximum legal donation that an individual can make to the joint fundraising committee of Trump and the Republican Party. Before that, some NFT players got the opportunity to get close to Trump for less than $5,000. At the end of 2023, Trump announced his third NFT series "Mugshot Edition", which costs $99 each. Supporters who buy more than 47 "Mugshot Editions" will be able to have dinner with Trump. In November last year and May of this year, Trump held two "Crypto Specials" at Mar-a-Lago, and he proudly declared that he had successfully "Make NFTs hot again" with all the NFT players who supported him.
What is Vice President Biden's stance on cryptocurrency?
On July 22, the current US President Biden announced his withdrawal from the 2024 presidential election and supported Vice President Kamala Harris as the 2024 Democratic presidential candidate. Bitcoin prices also responded accordingly. At the same time, on Polymarket, Trump's probability of winning the 2024 US presidential election dropped to 66%, and Kamala Harris's probability of winning the 2024 US presidential election rose to 32%. Before the real election comes, nothing is set in stone. The author of this article briefly introduces Harris's position on cryptocurrency, and it can be seen that he has not shown a clear attitude towards cryptocurrency.
Will the open source revolution of decentralized AI create peace under nuclear deterrence?
In his book The Square and the Tower, Neil Ferguson explores in detail how power has shifted between centralized power structures and decentralized networks throughout history. Ferguson reveals the important role of networks in political, economic, and social change, and emphasizes the growth of network power in modern society. With Ferguson's views as the background, this episode of the Delphi podcast has a lively conversation around the two technological development paths of centralized and decentralized AI.
Varun Srinivasan, co-founder and technical director of decentralized social protocol Farcaster, recently participated in an interview with ZK Podcast, talking about how Farcaster uses blockchain technology to achieve decentralized management of user identities, solve data consistency issues, and provide developers with an open programming environment. In addition, the challenges faced by Farcaster, such as spam management, user experience optimization, and future technology expansion, were also discussed.
《Ten years from ICO to ETF, Ethereum spot ETF officially approved for listing》
Ten years ago, on July 22, 2014, Ethereum officially launched ICO financing. The team raised funds by pre-selling ETH at the time, raising a total of 31,529 bitcoins (the exchange rate was 1 bitcoin for 2,000 Ethereum). According to the market price at the time, the funds raised exceeded 18 million US dollars. Ten years later, on July 23, 2024, the US spot Ethereum ETF was officially listed, which represented another milestone in the crypto industry. Two months ago, the Ethereum spot ETF went from being unpopular and having a pass rate of only 7% to a pass rate of 75% overnight. In the early morning of May 24, the U.S. Securities and Exchange Commission approved the 19b-4 forms of multiple Ethereum spot ETFs, including those of BlackRock, Fidelity and Grayscale. Another important impact of the approval of the Ethereum spot ETF is the change in the attitude of U.S. regulators towards crypto policies. At the same time, the curtain of the U.S. election has opened, and the inclinations of the Democratic and Republican parties towards the crypto industry are worth paying attention to.
On the first day of listing on July 23, the trading volume of Ethereum spot ETF exceeded US$1 billion, which is equivalent to 23% of the US$4.6 billion trading volume of Bitcoin spot ETF on the first day in January this year. The transactions mainly came from Grayscale ETHE, BlackRock ETHA and Fidelity FETH. However, according to Farside Investors data, the Ethereum spot ETF was in a state of capital outflow on the day of listing. Grayscale ETHE brought a net outflow of more than US$480 million, while Bitwise's ETHW became the main "money-attracting" force with a net inflow of more than US$200 million, far exceeding Fidelity FETH's US$71.3 million and Franklin EZET's US$13.2 million. Although the increase in market demand will drive up the price of crypto ETFs, the competition between homogeneous products will inevitably be fierce, which has been reflected in the market structure of Bitcoin spot ETFs.
"10x Research: How will ETH prices go in the post-ETF era?"
In the early morning of July 23, the U.S. Securities and Exchange Commission (SEC) officially approved the Ethereum spot ETF. 10x Research is not optimistic about the subsequent trend of ETH prices, believing that the benefits of ETFs to Ethereum may have already been realized and the issuers of ETH ETFs have not yet carried out large-scale marketing activities. In addition, from the perspective of returns, opportunity cost is also a key reason for the low demand for ETH in this cycle. 10x Research said that it prefers to hedge short ETH while long on BTC, rather than short directly.
"Analyzing One Thousand Solana "Smart Wallets", These Trading Indicators May Be the Key to Success"
Recently, the difficulty of Meme transactions in the Solana ecosystem has gradually increased, and the number of "large MC memecoin" has decreased. However, in such an environment, there are still a group of "smart wallets" that are still making huge profits. Which addresses are still "printing money", what trading characteristics do they have, and what indicators are the key to success? This article sorts out the top holding addresses of 27 popular and large-cap Meme tokens, and summarizes and counts their data, totaling 1,080 wallet addresses, to answer the above questions.
There are more infrastructure and fewer applications, which is the classic status quo of the current crypto market. In addition, most applications are still at the financial level. Real consumer applications that use cryptocurrency incentives to apply to consumers' real lives seem to be often overlooked. As Web3 continues to break out of the circle and become well-known, if the next wave of consumer applications can be created, then the Base chain must have a name. Since Friend.Tech died down, many innovative consumer applications have actually emerged on the Base chain; and backed by institutions such as Coinbase, these consumer applications are also being favored by VCs and emerging markets. This article lists the consumer-level crypto applications that are worth paying attention to on the Base chain for readers' reference.
Recently, a netizen shared a case on a social platform where his assets were seized by the centralized exchange Coinbase. The netizen began hoarding coins in 2021 and transferred all tokens to Coinbase, a legal trading platform in the United States. After that, he occasionally logged into his account to check the status of his assets. In June of this year, the netizen found that he could not log in to his Coinbase account and found that his account had been cancelled. The BTC in the account was sold and sent to an institution in Wyoming, USA. The reason given by Coinbase was that the netizen's account had not been active for a long time and the assets were regarded as "Unclaim Property". The netizen stated that he logged in in February and March of this year, but because he had forgotten most of the personal information assets of the previously registered account, the chance of retrieving them was very small. This case is not an isolated case. Many netizens have complained about the same problem on the social forum Reddit, which deserves the attention of readers.
This week, according to OpenAI's internal financial documents and people familiar with the matter, OpenAI may lose $5 billion this year. It will spend nearly $7 billion on training costs for AI models alone, and another $1.5 billion on labor costs, far exceeding the spending of competitors such as Amazon-backed Anthropic (the AI startup that developed Claude). It is estimated that OpenAI needs to complete a new round of financing in the next 12 months to improve its balance sheet, otherwise it may risk running out of cash. Previous reports showed that in order to reduce its dependence on Nvidia chips, OpenAI plans to raise $7 billion to establish a joint venture to build multiple wafer fabs. But after OpenAI CEO Sam Altman negotiated with Taiwanese semiconductor giant TSMC, it seems that the idea of building its own wafer fab has been abandoned. Instead, a joint venture focusing on chip design will be established, and AI chip production will be entrusted to TSMC.
This week, Solend, a well-known lending protocol on Solana, changed its name to Save, which literally means safer. But the new products it brought, let people smell a hint of danger and excitement. In addition to the new assets such as SUSD and SaveSOL, Solend also made a platform that allows short Meme coins---dumpy.fun. The meaning of this name is self-evident. Before, there was Pump.fun, which started a long carnival of randomly posting Memes; and this dumpy.fun, obviously wants to form a contrast, short Meme coins to start an airdrop carnival. This article introduces and analyzes the short model of dumpy.fun.
"A L2 that intends to end the expansion war, how can MegaETH make Ethereum "great again"? "
In the blockchain world, Ethereum has always been the first choice for many developers and users with its advantages of decentralization and smart contracts. With the rapid development of blockchain technology, Ethereum faces many challenges, including slow transaction speeds, long block times, and high transaction fees. In order to solve these problems and further improve the performance of Ethereum, MegaETH came into being. MegaETH Labs is a validity aggregation that verifies the status on Ethereum and publishes data to Eigen DA's L2, with very low fees. In addition, MegaETH also has a native bridge to Ethereum L1, which can seamlessly plug into L1 liquidity and user base to guide its ecosystem. In addition to Solidity support, this is another major advantage over the existing altVM L1 on the market. Through a series of technical improvements and innovations, MegaETH is working hard to push Ethereum's performance to new heights and truly "make Ethereum great again."
Polymarket: From niche finance to a new way to participate in dramatic social change
As of July 2024, Polymarket has grown to become one of the largest prediction markets in the world, with over $283 million in open interest on the presidential election between Biden and Trump alone. This far exceeds all other betting platforms, including centralized competitor betfair (open interest of £31 million). Polymarket's monthly trading volume reached an all-time high of $151 million in July, compared to $6 million in the same period last year. Monthly active users (MAU) have reached a staggering 25,000, with over 70,000 new members joining in the past 3 months alone. This article reviews and analyzes its development history, how it works, and why it succeeds.
Bitcoin was born as peer-to-peer electronic cash. Over the years, like many innovations, it has deviated (or at least expanded) from its original electronic cash goals and evolved into digital gold. Some people have compared cities to blockchains. Because blockchains are isolated from the outside world, they are more like closed islands. Each island has its own priorities, technical and social characteristics. Bitcoin Island has always prioritized security and decentralization over other aspects such as speed and programmability. This article reviews the history of Bitcoin's "layering". And now the independent projects built around Bitcoin are like small modern islands surrounding the powerful Bitcoin Island. With the introduction of BIP-420, there may be a way to merge these islands together to form a prosperous and modern island.
"After Gary Gensler, who will be the next SEC leader?"
On July 22, many institutions and media, including 10x Research, predicted that with Biden's withdrawal from the election, Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), may resign in early 2025. Gensler has served more than half of his term as chairman of the SEC since April 2021. During his tenure, Gensler frequently "fired" at the cryptocurrency industry, led cases against many well-known crypto companies such as Binance, Coinbase, Kraken and FTX, and made strong regulatory remarks many times. For this reason, Gensler has always been regarded by the industry as the "public enemy number one" on the regulatory side. With the news that Gensler may resign early, the crypto industry began to look forward to a more friendly figure at the helm of the SEC to provide a more relaxed growth environment for the industry.
《Inventory of 8 DeFi protocols with built-in airdrops and returns》
If you are looking for airdrops, yield or points programs, here are some promising DeFi protocols. These protocols come from different networks (EVM, non-EVM or Cosmos) and cover various DeFi areas such as derivatives, yield, DEX, etc. This article is not intended as investment advice, please DYOR.
"Inventory of 7 NFT projects worth paying attention to recently"
This article lists 7 NFT projects worth paying attention to recently, including Erin Redwing's new series Ephemera, Airhead promoted by BitMEX co-founder Arthur Hayes, the first NFT series on Fractal honzomomo, Bitcoin infrastructure project Terpolly, "rune inscription" OctoGlyphs, Ordinals Pepe theme PFP project Inscribed Pepes and Fake Rares jointly launched the art collection Inscribed Fakes, and an accelerator Moon Zero that claims to build Web3 IP, animation and games. For readers' reference.
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