Review of this week | Trump is planning to make the United States the world's encryption center and Bitcoin superpower; JD.com will enter the stable

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, and the response was enthusiastic

In the early morning of July 28, at the Bitcoin 2024 Conference held in Nashville, former US President Trump appeared and delivered a nearly 1-hour speech. Although it was delayed by 1 hour from the original time, tens of thousands of audiences on the scene were still in high spirits during Trump's very 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 currently developing plans to ensure that the United States will become the world's crypto hub and Bitcoin superpower; and emphasized that Bitcoin rose 3,900% during his last term in office. Finally, as the market had previously speculated, he also confirmed in this speech that the United States will not sell (100% retained) any Bitcoin after his election as a strategic Bitcoin reserve. Details: " Full text of Trump's Bitcoin Conference speech: 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 whether Biden is capable of completing the rest of his term. Even after Biden announced his withdrawal from the election, Johnson, the Republican Speaker of the US 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 one month. Related reading: "What is Biden's Vice President Harris's position on cryptocurrency?" , "The US Vice President announced that he would replace Biden 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 views and market forecasts

The conference was hosted by Bitcoin Magazine. Bitcoin Magazine CEO David Bailey said on his social platform, "Just talked to the president's team. He is in good spirits and is still in Nashville (the venue of the 2024 Bitcoin Conference) to give a speech that the whole world can hear." The conference attracted many local crypto enthusiasts in the United States, and the speeches of two presidential candidates, Trump and Robert Kennedy Jr., attracted much attention. Because of the previous assassination of Trump, security checks were significantly stricter than other types of activities before. Microstrategy founder Michael Saylor said that 2024 will be regarded as "the first year of mainstream institutional adoption of Bitcoin." Saylor's company has more than 200,000 Bitcoins since it announced Bitcoin as its main fiscal reserve asset in August 2020. Related reading: "Bitcoin 2024 Conference Opening Day: Trump Fever Sweeps Nashville"

 

U.S. Presidential Candidate Kennedy: If elected, will require the United States to purchase 550 BTC per day to establish a 4 million BTC reserve

Robert F. Kennedy Jr., an independent candidate for the U.S. President, said at the Nashville Bitcoin 2024 Conference that if he is elected president, he will sign an executive order requiring the United States to purchase 550 bitcoins per day until a reserve of 4 million bitcoins is established. He also said that he is a loyal supporter of Bitcoin. Most of the 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

On July 23, according to official information from the SEC, it has officially approved the S-1 applications of multiple ETF issuers. After the opening of the U.S. stock market, all spot Ethereum ETFs have been officially listed and trading has started.

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 firm 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: How will ETH price go in the post-ETF era? 》

 

JD.com will issue a stablecoin pegged to the Hong Kong dollar at a 1:1 ratio in Hong Kong

On July 24, according to Cailianshe, JD.com will issue a cryptocurrency stablecoin pegged to the Hong Kong dollar at a 1:1 ratio in Hong Kong. JD.com Stablecoin is a stablecoin based on a public chain and pegged to the Hong Kong dollar (HKD) at a 1:1 ratio. It will be issued on a public blockchain, and its reserves will consist of highly liquid and credible assets, which are securely stored in independent accounts of licensed financial institutions. The integrity of the reserves will be 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 stablecoin》

 

Jupiter's collaboration with Irene Zhao sparked controversy, with the latter suspected by users of having previously participated in multiple crypto scams

Meow Meow, the anonymous founder of Jupiter, a decentralized exchange aggregator for Solana, announced on the X platform on July 23 that it would launch a meme coin in collaboration with Irene Zhao, a KOL from Singapore. This news sparked strong dissatisfaction in the cryptocurrency community, as Irene Zhao had previously been involved in multiple suspicious crypto-related activities, and questioned whether the collaboration between meow Meow and Irene Zhao was simply supporting scams. In response, the two parties responded. meow responded: "The key concepts here are allocated developer market share, known airdrop allocations, and long-term liquidity adjustments. We can only learn 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. It was not intentional. After the incident, she has increased her safety awareness, and she personally did not earn extra income from it. She apologized to investors for the previous mistakes. Related reading: "Jupiter and Irene Zhao's cooperation caused 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 "

 

Mt. Gox 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 on-chain analyst Yu Jin, Mt. Gox has transferred 56,452.9 BTC (3.558 billion US dollars) to the trading platform for compensation distribution. There are 5 exchanges that have executed the BTC compensation distribution of Mt. Gox, namely: Bitbank, SBI VC Trade, Kraken, Bitstamp, and BitGo. The specific process is that the Mt. Gox address transfers the BTC that needs to be distributed to the corresponding trading platform, and then the trading platform executes the distribution. On July 24, Dave Ripley, CEO of cryptocurrency trading platform Kraken, said, "Kraken has successfully distributed BTC and BCH from Mt. Gox assets to creditors." On the same day, according to market news, Mt. Gox creditors in Mt. Gox reported that they had received the returned Bitcoin in their Kraken accounts. On July 26, Bitstamp said it had also completed the distribution of BTC and BCH to Mt. Gox creditors in Mt. Gox.

 

Binance Labs announces investment in Pluto Studio

On July 23, Binance Labs announced an investment in Pluto Studio, the publishing platform for the Telegram-based Web3 game Catizen. Catizen is a groundbreaking game robot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen uses 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 its trading platform. Two unnamed people familiar with the matter said Wintermute Trading and Selini Capital are potential buyers.

 

Musk changed his social platform avatar to "laser eyes" and removed it just one day later

On July 22, Elon Musk changed his X platform avatar to the iconic "laser eyes" picture of Bitcoin supporters to celebrate Biden's withdrawal from the election. Messari founder Ryan Selkis also changed his avatar to Musk's "same" laser eyes. 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 his "laser eye" avatar from his social media platform. Related reading: "Musk takes orders again, and changes to laser eyes after three years"

 

Trump announces new book "Save America"

On July 25, Trump announced that he would release a new book "Save America" and would use a photo of his assassination scene as the cover. "I am very happy to announce my new book "Save America". As we all know, the first two books, "Our Common Journey" and "Letter to Trump", have been a huge success. 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 will list Matr1x (MAX), and mining will start at 14:00 on July 29, 2024, Beijing time. BTC/ETH holders can stake BTC/ETH to mine MAX tokens.

 

Rhythm fully integrates Farcaster protocol to bring a new Web3 content platform experience

This week, BlockBeats once again updated its App and website to help the Web3 innovation. BlockBeats will fully integrate its user system with the Farcaster protocol. Readers can choose to use the Farcaster protocol to log in to the Rhythm APP to comment and forward content, and these contents will also be reflected in your Farcaster account. When readers use the Rhythm 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 also allows developers to create different types of applications based on the protocol. Details: "Rhythm fully integrates 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 posted that last month, 30 MEME tokens launched by celebrities, including celebrities from Andrew Tate to Soulja Boy, were born on the Solana network, which was 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 are down more than 99%, and that’s just a month or so into their life cycle.

 

1 in 1.1 billion chance, micro-mining machine digs out Bitcoin block rewards worth more than $200,000

This Thursday, Bitcoin mining equipment retailer Altair Technology announced that a Bitcoin micro-mining machine Bitaxe with a computing power of only 500 Gh/s successfully packaged a block on the 24th. According to the current Bitcoin price, it obtained 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.

 

Coinbase has repeatedly forced the cancellation of user accounts and confiscated their assets, causing user dissatisfaction

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 his Coinbase account could not be logged in and found that the 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 said that he logged in in February and March of this year, but because he forgot 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 on the community forum Reddit have complained about the same problem, which deserves the attention of readers. Related reading: "Hoarding coins and becoming "zombie fans", Coinbase cancels user accounts and "confiscates" assets, causing controversy"

 

Hot articles this week

 

" Trump's full speech at the Bitcoin Conference: I will fire the SEC chairman, never sell your Bitcoin "

At the Bitcoin 2024 conference held in Nashville early this morning, 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 spectators on the scene were still in high spirits during Trump's very personal speech. This was Trump's campaign declaration to the US cryptocurrency community. BlockBeats sorted out the text as soon as possible, hoping that everyone can feel the scene from the text.

 

《Telegram mini-games, how do they make money? 》

As Telegram's public chain, Ton was once in the top of 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, 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 "The domestic small and medium-sized game manufacturers that are stuck in 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 pay for Telegram mini-games? After reading this article, you may be able to find the answer.

 

"How long can TON be popular? 》

This episode invited Alena Shmalko, head of the ecosystem of the TON Foundation, and Jack Booth, marketing director of the TON Foundation, to discuss the current development status and future prospects of TON. The two talked about how open leagues can help TON increase TVL and other key metrics, and how Telegram's partnership with TON has evolved and deepened over time. In addition, the discussion also touched on the mechanics of Notcoin and why it succeeded, and whether the rise of games like Hamster Kombat can be sustained. The importance of USDT in the TON ecosystem and its contribution to TVL growth was also highlighted. Jack mentioned the upcoming Bitcoin trustless bridge and explained its possible importance, and whether TON has plans to integrate with applications outside of Telegram.

 

《JD.com picks up blockchain again by entering stablecoins》

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.com Technology Group and the only potential stablecoin issuer under JD.com. According to the official website, JD.com Stablecoin is a stablecoin based on a public chain and pegged to the Hong Kong dollar (HKD) at a 1:1 ratio, which will be issued on a 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 disclosure 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 resume blockchain business to a certain extent, sending more positive signals to the crypto industry.

 

《What will be the impact if Trump really announces Bitcoin as a strategic reserve asset? 》

Last weekend, a rumor that Trump will announce BTC as a strategic reserve asset in the US at the Bitcoin 2024 conference spread widely, and with Bitcoin quickly returning to $68,000, the market sentiment has also risen a lot. If it comes true, Bitcoin's status will be comparable to real gold. Investors' demand for Bitcoin will increase sharply, pushing up its price. This will also greatly increase its mainstream recognition. Other countries and institutions may follow the US's 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 alone cannot make Bitcoin a strategic reserve asset. This process will involve extensive deliberations by policymakers, economists and financial experts, and will also require approval from Congress and coordination with the Federal Reserve and the Treasury Department.

 

《In addition to Trump, which other American politicians will attend this year's Bitcoin conference? 》

Despite the absence of US Vice President Harris, this year's Bitcoin conference is not lacking in American politicians. The conference invited 10 American political guests, including Trump, of whom 8 are Republicans, only one is a Democrat, and there is 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 happened to be the maximum legal donation that an individual could make to the joint fundraising committee of Trump and the Republican Party. Before that, some NFT players spent less than $5,000 to get close to Trump. At the end of 2023, Trump announced his third NFT series "Mugshot Edition", which costs $99 each. Supporters who purchase more than 47 "Mugshot Editions" will be able to have dinner with Trump. In November last year and May this year, Trump held two "crypto specials" at Mar-a-Lago, and he proudly declared that he and all the NFT players who supported him had successfully "made NFTs hot again."

 

《What is Biden's Vice President Harris's position 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. The price of Bitcoin also responded. 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%. Nothing is set in stone until the real election comes. The author of this article briefly introduces Harris's position on cryptocurrency, and it can be seen that he has not yet shown a clear attitude towards cryptocurrency.

 

《Will the open source revolution of decentralized AI create peace under nuclear deterrence? 》

In The Square and the Tower, author 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 heated conversation around the two technical development paths of centralized and decentralized AI.

 

《Exclusive Interview with Farcaster Lianchuang: Exploring the Future of Decentralized Social Networks》

Varun Srinivasan, co-founder and technical director of decentralized social protocol Farcaster, recently participated in an interview with the ZK podcast to talk about how Farcaster uses blockchain technology to achieve decentralized management of user identities, solve data consistency problems, 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 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 through pre-sale of 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 US$18 million. 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 an approval rate of only 7% to an approval 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 from 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 U.S. election has begun, and the inclinations shown by the Democratic and Republican parties towards the crypto industry are worth paying attention to.

 

《Review of Ethereum ETF's first day of listing: Grayscale's net outflow exceeded $480 million, Bitwise's net inflow exceeded $200 million》

On the first day of listing on July 23, the Ethereum spot ETF's trading volume exceeded $1 billion, equivalent to 23% of the $4.6 billion trading volume of the 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, the Ethereum spot ETF saw capital outflows on the day of its listing. Grayscale ETHE brought in a net outflow of over $480 million, while Bitwise's ETHW became the main "money-attracting" force with a net inflow of over $200 million, far exceeding Fidelity FETH's $71.3 million and Franklin EZET's $13.2 million. Although rising market demand will drive up the prices 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 brought by ETF to Ethereum may have been realized long ago and the issuers of ETH ETF have not yet carried out large-scale marketing activities. In addition, from the perspective of income, 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 going long on BTC, rather than going short directly.

 

《Analysis of 1,000 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 "Golden Dogs" has decreased. However, in such an environment, there are still a group of "smart wallets" that are still making a lot of money. 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 their data, totaling 1,080 wallet addresses, to answer the above questions.

 

《Friend.Tech "cools down", what other consumer-grade crypto applications on Base are worth paying attention to? 》

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, and real consumer-grade applications, using cryptocurrency incentives to apply to consumers' real lives, seem to be often overlooked. As Web3 continues to go viral and become well-known, if the next wave of consumer-grade applications can be created, then the Base chain must have a name. Since Friend.Tech died down, many innovative consumer-grade applications have actually emerged on the Base chain; and backed by institutions such as Coinbase, these consumer-grade applications are also being favored by VCs and emerging markets. This article lists the consumer-grade crypto applications currently worth paying attention to on the Base chain for readers' reference.

 

《OpenAI may lose $5 billion this year? It is said that it will give up building its own wafer fab and turn over the production of chips to TSMC》

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 within 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 Taiwan semiconductor giant TSMC, it seems that the idea of building its own wafer fab has been abandoned. Instead, a joint venture company focusing on chip design will be established, while AI chip production will be entrusted to TSMC.

 

《Benchmarking Pump.fun? How to play the new Meme coin shorting platform dumpy.fun after Solend changed its name》

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 shorting Meme coins --- dumpy.fun. The meaning of this name is self-evident. Previously, there was Pump.fun, which started a long carnival of randomly posting Memes; and this dumpy.fun, obviously wants to form a contrast, shorting Meme coins to start an airdrop carnival. This article introduces and analyzes the shorting model of dumpy.fun.

 

《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 bootstrap its ecosystem. In addition to Solidity support, this is another major advantage over the altVM L1 already available 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 changes in society》

As of July 2024, Polymarket has grown into one of the world's largest prediction markets, with more than $283 million in open interest in 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 with $6 million in the same period last year. Monthly active users (MAU) reached a staggering 25,000, with more than 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.

 

《From Value Islands to Interoperability, Reviewing the History of Bitcoin's "Layering"》

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 goal 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 always prioritizes 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 helmsman? 》

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. It is for this reason that 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 is looking 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 airdrops and returns》

If you are looking for airdrops, returns or points programs, here are some potential DeFi protocols. These protocols come from different networks (EVM, non-EVM or Cosmos) and cover various DeFi fields such as derivatives, returns, DEX, etc. This article is not intended as investment advice, please DYOR.

 

《Inventory of 7 NFT projects worth paying attention to recently》

This article inventories 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 type project Terpolly, "Rune Inscription" OctoGlyphs, Ordinals Pepe theme PFP project Inscribed Pepes and Fake Rares jointly launched the art collection Inscribed Fakes, an accelerator Moon Zero that claims to build Web3 IP, animation and games. For readers' reference.