5 must-read articles for the evening | Macro liquidity is about to enter a re-expansion cycle

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1.Will pump.fun ruin Memecoin?

Pump.fun, a popular memecoin launch platform among Solana traders, has attracted new criticism this week over concerns that its updated token launch mechanism will make memecoin betting less fun.

2. 71 L2s are online and 82 are about to be online. Do we need so many L2s?

The growing negativity about the current bloated infrastructure and lack of consumer adoption in crypto has reached a fever pitch. It’s such a familiar topic on social media and podcasts that it’s largely become a consensus. Previous cycles saw innovation in smart contract blockchains, ICOs, DeFi, Layer 2, and NFTs, but the new tools of the current cycle are mainly memecoins and increasingly redundant infrastructure. Click to read

3. a16z’s three best solutions to solve the core problems of public key cryptography

In public key cryptography, there has always been a difficult problem, which is how to correctly associate an encryption key (such as a public key) with a specific identity (such as a person or organization). The key to this problem is to have a public and consistent way to show the relationship between the identity and the public key so that everyone can safely use these public keys to encrypt information. Click to read

4. What is different about SaharaAI, which has raised $43 million in funding from top crypto VCs?

The news that @SaharaLabsAI in the AI+Crypto field received a huge amount of financing of 43 million US dollars has been all over the screen. Indeed, the three major institutional buffs of Binance labs + Polychain + Pantera are enough to make everyone's imagination of AI narrative burst again. How should we view it? Next, I will briefly share my views. Click to read

5. Macro liquidity is about to enter a re-expansion cycle

Overnight, BTC failed to hold the $60,000 level and suddenly retreated to above $58k. " The market sentiment is indeed in a state of extreme panic now ." According to the observation of Jiaolian, the current situation is that bulls are silent, bears are in tears, those who hold altcoins have cleared their positions, and those who hold BTC also defend with half of their positions. It seems that there are not many men who hold full positions and even fear that others will increase their positions. Click to read

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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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