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The price of USDC, the stablecoin issued by Circle, an American cryptocurrency company, plummeted and was severely decoupled from the US dollar. This was mainly affected by the company's cash reserves of US$3.3 billion stored in the failed Silicon Valley Bank (SVB). Silvergate's thunder was not digested, and Silicon Valley Bank (SVB) came soon after. SVB's total assets are US$212 billion, ranking 20th among banks in the United States, and its size is 10 times that of Silvergate.

The greater impact of the run on SVB is that it is almost the only bank for funds and venture capital companies in Silicon Valley. SVB Silicon Valley Bank is an innovative bank. For example, its loan portfolio is as follows: the vast majority (56%) is financing for PE/VE institutions, including co-investment financing for GPs; VC primary market bridge financing, etc.; 14% of the loans are for high-net-worth entrepreneurs (stock financing/buying boats/houses); 12% are for mid- to late-stage startup financing, which traditional banks dare not touch. Let’s take a look at the trigger of the whole thing. The 21 billion bonds that were just auctioned at a discount belong to the overall 117 billion US dollars of AFS HTM’s treasury bond/quasi-treasury bond portfolio.

Market hot spots emerge in endlessly. From DeFi to NFT to GameFi, we have witnessed many once-hot sectors. However, SocialFi doesn't seem to be getting much attention. But in fact, despite the lack of a big bang, the SocialFi conversation never cooled off. Now, with Twitter being acquired by Musk (social media can quickly promote the implementation of Web3, which is one of the reasons why Musk acquired Twitter), the concept of SocialFi has gradually attracted more attention. In fact, much of the reason SocialFi remains viable has to do with its nature as a traffic hub.

Lens Protocol is an exciting project. Building a decentralized social graph was a crazy idea not so long ago. Now, it's not an idea, it's a reality. In this article, we will explore the usefulness of the Lens Protocol and its ecosystem, as well as possible ways to make money through this project.

What is Social Protocol Lens Protocol? Hinting at an airdrop? How to participate in getting Profile NFT? A simple explanation: Lens protocol is a social graph based on Web3 and smart contracts deployed on the Polygon Proof-of-Stake (POS) blockchain, which belongs to Web3 social media infrastructure. Lens allows cross-posting.

ChatGPT, a chatbot owned by OpenAI, reached 100 million active users 2 months after its launch, becoming the fastest growing application in history. The previous record was TikTok which took 9 months. It can interact with users in a conversational manner that is closer to ordinary people and has a wide range of uses. As an AI robot, ChatGPT knows astronomy and geography, can write articles, correct bugs, and even give emotional advice in a reasonable manner.

Like many others, I was blown away by the power of ChatGPT. Although I've played with similar AI bots before, I was amazed by the breadth, depth, and fluidity of ChatGPT's answers. From poetry to Solidity programming, from philosophy to physics, the quality of the output is simply stunning. Still in its infancy, ChatGPT is undoubtedly a potentially disruptive force in every industry, including Web3. In this article, as a web3 explorer, I will share an overview of some of the changes I think ChatGPT will bring to the industry.

In 2022, the amount of ETH staked surged by 77.9%, including a 14.4% increase since the ETH merger. The main catalyst behind the surge in pledge rates is the Shanghai network upgrade.

First of all, many newcomers may be curious about why it is called "Shanghai Upgrade"?

Someone previously suggested naming it after the city where the Devcon Ethereum Developer Conference was held. This suggestion was adopted, so there were Berlin upgrades, London upgrades, and then Shanghai upgrades, including the merge upgrade in September last year, which was also called Paris. upgrade.

On September 15, 2022, the Ethereum merger completed the transition of the Ethereum network from Proof of Work (POW) to Proof of Stake (POS). All mainnet activity is packaged into "beacon blocks", which are published and verified by proof-of-stake validators. The beacon chain, which was launched on December 1, 2020, has been running for two years. Before the merger, the validator accounts on the beacon chain and the accounts we used on the Ethereum main network were independent of each other and would not interfere with each other. However, the beacon chain After going online, you can already pledge to generate rewards, but the pledged ETH and rewards will be locked and cannot be withdrawn. After the Shanghai upgrade, users will be able to withdraw their rewards and stake if they wish.

Solana is one of the largest proof-of-stake blockchains on the market and promises to be able to sustain 50,000 transactions per second without compromising decentralization. A month after being shrouded in the clouds of the FTX and Alameda thunderstorms, Solana rebounded more than 76% from the bottom and returned to the $17 mark. Solana hasn't exactly been declared dead, and 2023 will be a decisive year for Solana.

“Ethereum Killer” Solana plunged 96% due to FTX crash

According to data from CoinGecko, $SOL, the world’s fifth largest cryptocurrency by market capitalization, plummeted 96% due to the FTX incident. In comparison, BTC’s maximum plunge was only 25.4%.

#Crypto2023

In 2022, each of us will leave fiery memories in the long river of time. For Web3, we have also witnessed many major events in the economic field with everyone, marking many unforgettable moments on the timeline.

2022 is a challenging year for blockchain and Web3, and the entire crypto world has hit a trough along with the global economy. After the Terra thunderstorm in May, leading institutions such as Three Arrows, Voyager Digital, Celsius Network, BlockFi, and FTX fell like dominoes one after another. Affected by this, many Web3 projects have not received ideal financing, or the first-round financing amount has shrunk significantly from what was promised in advance. If the Luna incident made capital hesitant, FTX directly persuaded capital to withdraw. Many mainstream capital not only stopped investing in Web3 completely, but also began to liquidate historical investments. Since FTX went bankrupt, experts have begun labeling Web3 a Ponzi scheme. A Ponzi scheme essentially pays investors in a later round as investment income to investors in a previous round, and so on, involving more and more people and money. Similarly, FTX continues to use the deposits of new investors on its exchange to pay interest and short-term returns to early investors, and the money of these early investors has been transferred to its affiliated hedge fund Alameda Research.

In 2022, each of us will leave fiery memories in the long river of time. For Web3, we have also witnessed many major events in the economic field with everyone, marking many unforgettable moments on the timeline.

2022 is a challenging year for blockchain and Web3, and the entire crypto world has hit a trough along with the global economy. After the Terra thunderstorm in May, leading institutions such as Three Arrows, Voyager Digital, Celsius Network, BlockFi, and FTX fell like dominoes one after another. Affected by this, many Web3 projects have not received ideal financing, or the first-round financing amount has shrunk significantly from what was promised in advance. If the Luna incident made capital hesitant, FTX directly persuaded capital to withdraw. Many mainstream capital not only stopped investing in Web3 completely, but also began to liquidate historical investments. Since FTX went bankrupt, experts have begun labeling Web3 a Ponzi scheme. A Ponzi scheme essentially pays investors in a later round as investment income to investors in a previous round, and so on, involving more and more people and money. Similarly, FTX continues to use the deposits of new investors on its exchange to pay interest and short-term returns to early investors, and the money of these early investors has been transferred to its affiliated hedge fund Alameda Research.

Over the past 18 months, cryptocurrency-related brands have invested more than $2.4 billion in sports marketing. FTX exclusively sponsors the NBA Heat, OKX exclusively sponsors Manchester United in the Premier League, Crypto.com sponsors the World Cup in Qatar, and Coinbase frequently appears in top events such as the Super Cup.

With the help of leading enterprises and capital markets, Web3 has become more and more integrated with sports, and it is getting closer and closer. In the current bear market, Web3 urgently needs to find a platform to showcase their technical capabilities and endorse themselves through the influence of their partners. The sports industry has naturally become such a high-quality platform**. **

Are you interested in learning about blockchain, cryptocurrencies, and decentralized applications (DApps)? Do you have difficulty identifying potential projects and miss investment opportunities? As a newcomer to Web3, what common analysis tools should you not miss? Then, this guide can help you "start" this journey. It will organize the tools commonly used by new Web3 players to help Web3ers obtain information more efficiently and make more reasonable decisions.

In the crypto world, there are three types of analysis:

Fundamental Analysis: Examine fundamental aspects of the project such as token economics, team behind it, source code, announcements, features, and news surrounding the token.

Part 2: Quantitative Analysis

As we all know, the data on the chain is open and transparent. We can make an objective evaluation of the Web3 project through various on-chain data. In this section, I show how to structure and analyze this data to determine a project's potential for development.

We need to pay attention to some data indicators from the three different fields of DeFi, Layer1/Layer2, and GameFi:

DeFi

Decentralized finance (DeFi) applications include decentralized exchanges (such as Uniswap), loan platforms (such as Compound), and asset management companies (such as YFI).

Web3 has grown from a nascent community into an emerging industry. In the past year, we have witnessed a large-scale influx of talent and funds into the Web3 ecosystem, so there has been a lot of innovation in the underlying infrastructure as well as consumer-facing DApps.

Due to the popularity of the concept of Web3, many entrepreneurial projects were born, but they were also mixed. Therefore, it is crucial to have a robust due diligence process in place to evaluate these projects. Whether you are new to Web3 or looking to expand your investment portfolio, it is necessary to establish an investment evaluation framework. In this guide, we will build a blockchain project analysis framework in depth from both qualitative and quantitative aspects, aiming to help people with non-technical backgrounds step by step to complete Web3 project research more smoothly.

The capitalist world operates on the principle of obtaining more resources, which includes obtaining wealth from other people. There is no doubt that this characteristic is damaging today's society. Web3 is the answer to this dilemma. Web3 is not a network monopolized by large technology companies, but is decentralized and built, operated and owned by its users.

Today I would like to share with you what the past and future look like from web1.0 to web3.0

Web 1.0: a “read-only” information display platform

In 1989, at CERN in Geneva, Tim Berners-Lee was busy developing the protocols for the first generation of the Internet. His idea was to create an open, decentralized protocol that allowed information sharing anywhere on the planet. In the Web 1.0 era, websites were informational, with almost zero interaction between users, and individuals rarely produced content, leading to it being called the read-only web.