5 must-read articles in the evening | Why is the BTCFi market so popular?

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Jinse Finance
a day ago
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1.Trump's media and technology group's stock price soars more than four times, who is the biggest beneficiary?

With the approach of the US election, Trump's trading has worked again, and Trump's own business empire has directly benefited. The Trump Media & Technology Group (DJT) has risen by more than 4 times from September 24 to the present, and the current price is about $51. The company is about 58% owned by Trump and was established in 2021. Its social product is "Truth Social" (Chinese translation is "True Social"). The establishment of the company is Trump's countermeasure to being blocked by several major social platforms in 2021.Read more

2.Can democratized hedge funds change the current situation of VC coin proliferation

The peak market value of nearly $100 million ai16z has been labeled as a MEME, because it has brought hundreds of times the return for early investors, but we can further explore its enlightenment to on-chain collective asset management activities.Read more

3.Talking about the plight of Ethereum

Here we will compare the Ethereum ecosystem to a speculative real estate project, with retail investors being those who want to speculate on real estate, and the Ethereum Foundation being the developer/property manager of the project. Looking back on the development of the Ethereum ecosystem, we can find that the construction route and process of the project are basically determined and implemented by the developer. In the early stage of the project, this did not show much impact, after all, it was originally an empty site, and the most important thing should be to build the project first, and then, after having a face, start to attract investment and attract more investors.Read more

4.From religion to algorithm: the symbiotic relationship between AI and cryptocurrencies

Humans have a tendency to worship things. The social cohesion provided by religion and ideology is almost as much as the law that is monopolized and enforced through violence. In fact, these religions and ideologies are often also embedded in the monopoly of violence.Read more

5.Technical interpretation of bitSmiley: Why is the BTCFi market so popular?

Seeing that @bitsmiley_labs has raised another $10M in new funding to accelerate its vision of launching the new stablecoin bitUSD on Bitcoin. So, what is this project affectionately known as "Smiley" going to do in the BTCFi stablecoin space? What is its core technical framework? Why is the BTCFi market so popular?Read more

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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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