龙小羽

Cryptocurrency Market Performance

Currently, the total market value of cryptocurrencies is $2.34 trillion, of which BTC accounts for 57.7%, or $1.35 trillion. The market value of stablecoins is $172.8 billion.
This week, the price of BTC fluctuated upward, with the current price of BTC at $68,371 and the current price of ETH at $2,645. Among the top 200 projects on CoinMarketCap, most of them rose and a few fell, including: STORJ rose 67.65% in 7 days, BOME rose 43.75% in 7 days, MEW rose 43.98% in 7 days, and SUI ecological projects performed well: DEEP rose 267.3% in 7 days.
This week, the net inflow of US Bitcoin spot ETF was US$2.133 billion, and the net inflow of US Ethereum spot ETF was US$78.8 million.

1. Introduction

DeFi has built an open financial system that does not rely on traditional financial intermediaries through smart contract technology, providing users with a variety of financial services such as lending, trading, staking, derivatives, etc. As the main platform of DeFi, Ethereum has dominated the development of the DeFi track with its extensive smart contract functions and active developer community.
As the earliest and most valuable cryptocurrency, Bitcoin has long been regarded as a store of value, but its application in the field of decentralized finance is relatively scarce. This limitation mainly stems from the scalability of the Bitcoin network and the inherent limitations of the scripting language, which makes it difficult to support complex DeFi applications. However, with the development of Layer2 technology and cross-chain technology of the Bitcoin network, the BCTFi track has gradually acquired the ability to connect with DeFi. Today, the BCTFi track is developing rapidly, covering a variety of financial instruments and protocol types such as Bitcoin lending, decentralized trading, staking and stablecoins. Bitcoin's strong network effect and decentralized advantages make the BCTFi track have the potential to complement and further develop with Ethereum DeFi.

From October 5 to October 11, there were 17 investment and financing events in the crypto market, including 11 in infrastructure, 2 in DeFi, 2 in games, 1 in social, and 1 in MEME.

There are 2 financings of more than 10 million US dollars this week:

Open source layer 2 network Ithaca has completed a $20 million funding round from Paradigm.

Autonomous execution environment network delta has completed a round of financing of US$11 million, with investors including Variant Fund, Maven11 and others.

This week, the investment and financing enthusiasm of the crypto market was the same as last week, with infrastructure accounting for more than half of the total. The open source layer 2 network Ithaca received the largest amount of financing this week, with a financing amount of US$20 million.

Cryptocurrency Market Performance

Currently, the total market value of cryptocurrencies is $2.1 trillion, of which BTC accounts for 56.45%, or $1.19 trillion. The market value of stablecoins is $172.6 billion.
This week, the price of BTC fluctuated within a range, with the current price of BTC at $62,533 and the current price of ETH at $2,437. Among the top 200 projects on CoinMarketCap, half rose and half fell, including: BabyDoge rose 46.26% in 7 days, NEIRO rose 57.35% in 7 days, and MEME projects with the theme of the US election rose rapidly, including: TRUMP rose 60.8% in 7 days, and MAGA rose 74.75% in 7 days.
This week, the net inflow of US Bitcoin spot ETF was US$357.7 million, and the net inflow of US Ethereum spot ETF was US$1.9 million.

1. Introduction

A prediction market is a trading platform based on participants' predictions of the outcomes of future events. It provides real-time probabilistic predictions for future events by aggregating information from different participants. Crypto prediction markets are not only decentralized, but also provide higher transparency, security, and accessibility through smart contracts and blockchain. However, crypto prediction markets also face many doubts. Some people believe that such platforms may essentially be more like an "on-chain casino" rather than a "source of truth" that provides reliable information by attracting a large number of users to engage in speculative transactions.

A digital asset fund management company is a company that specializes in managing and investing in digital assets. Similar to traditional fund management companies, digital asset fund management companies help investors invest in the digital asset market by creating and managing investment portfolios.

Main features and functions:
1. Investment management: Digital asset fund management companies manage investment portfolios of crypto assets and other digital assets for investors through professional investment teams. Investors hand over their funds to fund management companies, which are responsible for the buying, selling and management of assets.
2. Investment products: These companies usually offer various types of investment products, such as cryptocurrency hedge funds, index funds, venture funds, portfolios, etc., designed to meet the needs and risk preferences of different investors.

Introduction: The "Bridge Architect" of the Blockchain World

In the vast universe of blockchain, Bitcoin and Ethereum are like two shining stars, each ruling its own galaxy. However, there has always been an insurmountable gap between the two giants. Until today, a project called Hemi Network has emerged, which not only aims to build a bridge connecting the two giants, but also to merge them into a super network. Behind this ambitious plan stand two great figures in the blockchain world: Jeff Garzik, an early Bitcoin developer, and Max Sanchez, a pioneer in blockchain security. What is their goal? Can they succeed? Let us unveil the mystery of Hemi Network and explore the magic of the cross-border integration of Bitcoin and Ethereum.

Cryptocurrency Market Performance

Currently, the total market value of cryptocurrencies is $2.22 trillion, of which BTC accounts for 56.78%, or $1.26 trillion. The market value of stablecoins is $171.9 billion.
This week, the price of BTC fluctuated upward, with the current price of BTC at $63,168 and the current price of ETH at $2,641. All the top 200 projects on CoinMarketCap saw a general increase, including: TAO's 7-day increase of 81.75%, and the MEME project NEIRO's 7-day increase of 215.1%.
With the interest rate cut and the gradual recovery of liquidity, market sentiment has eased and we continue to be optimistic about the market trend in the fourth quarter.
The "Fear & Greed Index" on September 20 was 50 (higher than last week), and the sentiment this week: 6 days of neutrality and 1 day of fear.

introduction
On September 18, MakerDAO was officially upgraded to Sky. MakerDAO's original stablecoin DAI was renamed USDS, and the governance token MKR was upgraded to SKY. This series of changes is not sudden, but an important part of the Endgame plan proposed by founder Rune Christensen many years ago, which aims to improve the governance efficiency and scalability of the protocol.
Since its proposal, the Endgame plan has been seen as a key measure to solve the long-standing challenges faced by MakerDAO. With the rapid expansion of the DeFi ecosystem, how to strike a balance between decentralization and scalability, and how to maintain the decentralized nature of the protocol while responding to market demand have become difficult problems that MakerDAO must face. The Endgame plan was born in this context, opening up a new development path for MakerDAO by introducing a dual stablecoin strategy (USDS and PureDai) and a new governance mechanism (SKY token).