Succinct Proof ($PROVE) Token: A Potential Project in the Zero-Knowledge Proof Track
With the development of blockchain technology, Zero-Knowledge Proof (ZKP) has become a core technology for privacy and scalability. Projects like zkSync, StarkNet, and Scroll rely on ZKP to achieve efficient Layer 2 solutions, while the Succinct Proof ($PROVE ) project focuses on succinct proofs, aiming to lower the development and usage threshold of ZKP and become a key player in ZKP infrastructure. 1. The core value of PROVE (1) Technological leadership, lowering the development threshold of ZKP SP1 zkVM: Supports automatic generation of ZK proofs from Rust/C++ code, significantly reducing development difficulty.
Succinct Proof ($PROVE ) Token: A Potential Project in the Zero-Knowledge Proof Track As blockchain technology evolves, Zero-Knowledge Proof (ZKP) has become a core technology for privacy and scalability. Projects like zkSync, StarkNet, and Scroll rely on ZKP to achieve efficient Layer 2 solutions, while the Succinct Proof ($PROVE ) project focuses on Succinct Proof, aiming to lower the development and usage barriers of ZKP and become a key player in ZKP infrastructure.
1. Core Value and Advantages of PROVE
### **(1) Leading Technology, Lowering ZKP Development Barriers** - **SP1 zkVM**: Supports automatic generation of ZK proofs from Rust/C++ code, significantly reducing development difficulty. - **Decentralized Proof Network**: Over 5 million proofs generated, collaborating with 35+ protocols, with a TVL exceeding $4 billion. - **Cross-Chain Compatibility**: Supports Ethereum, Solana, Layer 2, etc., suitable for cross-chain bridges and DeFi applications.
### **(2) Institutional Endorsement and Financial Support** - **Raised $55 million** led by Paradigm, with a valuation of $937.5 million. - **Wall Street Funds Entering**: 6 institutions purchased 83 million PROVE (accounting for 15% of circulation).
### **(3) Token Economics and Demand-Driven** - **Total Supply of 1 Billion Tokens**, initial circulation of 20% (200 million), 65% of tokens locked for 12 months, reducing short-term selling pressure. - **Staking Incentives**: Institutions and large holders lock up (e.g., one address staked 2 million tokens, with a floating profit of $870,000), reducing market circulation.@Succinct #prove
#中国加密新规 China's regulation of cryptocurrency trading is strengthening, especially regarding activities involving illegal fund flows. Traders and practitioners must strictly adhere to compliance requirements to avoid legal risks. At the same time, the application of blockchain technology in the real economy is still supported by policies, and in the future, it may further integrate with technologies such as AI and the Internet of Things, promoting the construction of trustworthy infrastructure for the digital economy.
#BitDigital转型 Bit Digital (NASDAQ: BTBT) recently announced a significant strategic transformation from Bitcoin mining operations to Ethereum (ETH) staking and cloud services, aiming to build a high-yield, low-cost Ethereum financial platform. Here are the key points of its transformation:
1. Strategic Focus Shift to Ethereum Significant Increase in ETH Holdings: As of August 11, 2025, Bit Digital holds 121,076 ETH (valued at approximately $511.5 million), of which 105,015 ETH is staked, with an annualized yield of about 3.1%. Exit from Bitcoin Mining: The company has ceased investment in new mining machines and plans to gradually shut down its Bitcoin mining operations. Q2 Bitcoin mining revenue decreased by 58.8%, contributing only $6.6 million in revenue.
2. Financial Performance and Capital Restructuring Q2 2025 Financial Report: - Total Revenue: $25.7 million (down 11.7% year-on-year), primarily affected by declining Bitcoin mining revenue. - Net Profit: $14.9 million (compared to a net loss of $12 million in the same period last year), mainly benefiting from the appreciation of ETH assets and growth in cloud services. - Total Cash and Digital Assets: $2.73 billion (including $181.2 million in cash and $912 million in digital assets). WhiteFiber IPO: The spin-off subsidiary WhiteFiber has completed its listing, with Bit Digital retaining a 74.3% stake, valued at approximately $468.4 million.
3. Business Model Optimization Growth in Cloud Services: Cloud business revenue increased by 32.8% year-on-year, reaching $16.6 million, partially offsetting the decline in mining revenue. Low-Cost Operations: The operational cost of ETH staking is less than 10% of EBIT, and the company plans to further streamline management expenses.
4. Regulatory and Market Environment Favorable Policies: The U.S. GENIUS Act and CLARITY Act provide a clearer regulatory framework for ETH staking, reducing compliance risks. Market Response: Although Q2 revenue fell short of expectations (analysts estimated $27.47 million), the stock price has still risen by 8.9% this year.
5. Future Outlook Bit Digital's goal is to become the largest publicly traded ETH holding company on NASDAQ and achieve long-term growth through staking income and cloud services. However, the transformation still faces challenges, such as ETH price volatility and regulatory uncertainty from the SEC regarding staking.
Google Trends Shows 'Altcoin' Search Volume Hits Five-Year High
According to a report by Deep Tide TechFlow, on August 13, Google Trends data showed that the search volume for 'altcoin' reached its highest level in nearly five years on the Google search engine.
Bitlayer ($BTR) is the native token of the Bitcoin Layer-2 network Bitlayer, aimed at providing scalable smart contract and DeFi functionalities for the Bitcoin ecosystem. It is based on BitVM technology, combining optimistic rollup and zero-knowledge proof (ZKP) mechanisms, enhancing transaction efficiency while maintaining the security of Bitcoin.
Short-term goal for 2025: Expected to be $0.04–$0.06, with continued ecological growth, it may reach $0.09–$0.10 by the end of the year. - Long-term potential: If the Bitcoin Layer-2 sector explodes, BTR may benefit from the growth of BTCFi.
Bitlayer (BTR) has a strong technical foundation and capital support in Bitcoin Layer-2, showing growth potential in the short term, but attention must be paid to the progress of the mainnet upgrade and ecological development. It is suitable for investors with a medium to high-risk appetite, and it is recommended to make decisions in conjunction with market dynamics and project progress. @BitlayerLabs #Bitlayer