波动

According to a tweet from Wu Blockchain, more than 1,200 NFTs have been liquidated in the past three days, marking the largest liquidation in NFT history.

Since June 2021, the NFT/gaming sector has been the most popular track for VCs in the web3 space, but last month, the enthusiasm dissipated. Prices fell, and trading volume and liquidity continued to decline. The overall market value of the NFT industry plummeted by 53%, and the blue-chip benchmark BAYC has fallen by 90%, far from its historical high.

Under this circumstance, blockchain infrastructure has surpassed NFT and games to become the most popular track for venture capital. In an upcoming funding report, The Block Research noted that continued bear market conditions have prompted investors to focus on underlying companies and projects.

How to manage crypto is more scientific, and the whole world is still arguing about it. Looking at the world map, there are more or less new movements in Southeast Asia, the Middle East, and the West.

AI generated

Here are some recent developments:

Thailand’s crypto trading risk disclosure rules will take effect on July 31, and crypto deposits and loans will be prohibited from August 30;

Singapore officials require cryptocurrency platforms to keep customer funds in safe trust;

South Korea passed the Virtual Asset User Protection Act to establish a legal framework and will take effect next year; South Korea’s new cryptocurrency bill stipulates penalties and liabilities for unfair transactions, with up to one year in prison;

Without further ado, these four companies are: Polygon, Circle, Mercado Libre, and Chainalysis.

Achievements in artificial intelligence have earned more than a dozen companies seats, up from five a year ago.

Specific list: https://time.com/collection/time100-companies-2023/?utm_source=roundup&utm_campaign=20230202



Ryan Wyatt, President of Polygon Labs.

Polygon’s reason for selection: “Pushing blockchain into the mainstream.”

Polygon enables companies like Starbucks (Odyssey Rewards Program), Nike, and Meta to build more secure applications using distributed record-keeping mechanisms.

Do your research on a coin before buying

For retail investors, crypto winter offers buying opportunities. The reduction in trading activity resulted in lower prices. Investors who buy during the crypto winter and hold on until the next bull run tend to see the highest ROI based on historical patterns if they pick the right coins.

All of these questions are especially important if you're buying small-cap coins, meaning those with a market cap under $1 billion, as they are the most vulnerable to market shocks and crashes. At the same time, high risk, high reward - if a coin's fundamentals are strong, it will likely survive the crypto winter, and if it does, it will provide much higher returns than the broader market coins.

Please indicate when reprinting from the "Biteye" community

Moderator: Biteye core contributor Jesse

Co-host: Teddy, co-founder of Biteye Guest: Big Pie Brother, global business leader of ConsenSys

*The full text is approximately 3,600 words and the estimated reading time is 7 minutes.

Host Jesse

What are the synergies between Linea and ConsenSys’ other product lines?

Guest: Big Pie Brother

The purpose of Consensys is to allow more people to enter the world of blockchain. But the biggest problem now is that the fees on the chain are too expensive.

Previously, Consensys' service method was only MetaMask and an rpc node. But now with the Linea protocol, we can bring the best user experience to new users.

introduction:

There is no doubt about the destructive power of 0day vulnerabilities to traditional network security. However, in the current Web3 field, insufficient attention has been paid to traditional network security vulnerabilities.

There are two reasons for this. First, the Web3 industry is in the ascendant, and technical personnel and security facilities are still being explored and improved. First, network security-related regulations have forced Web2 companies to pay attention to their own security construction to minimize the possibility of security incidents.

These reasons make the current Web3 field pay more attention to on-chain security and the security of the blockchain ecosystem itself. There is a lack of sufficient understanding of lower-level vulnerabilities, such as system-level vulnerabilities, browser vulnerabilities, mobile security, hardware security and other fields. (Hereinafter, 0day vulnerabilities in traditional network security are referred to as Web2 0day).

The high returns brought by liquidity mining in 2020 will allow DeFi Summer to ignite the bull market in 2021. The popularity of events such as pledge lending, AMM market making, DEX, GameFi, and Metaverse has allowed the entire industry to see the future potential of the blockchain, and the prosperity of the public chain ecosystem has also brought more possibilities to the project. When the market entered a bear market, the ecological construction of many public chains began to stagnate, which for a period of time chilled everyone in the industry.

Innovative public chain CoreDAO brings highlights to the industry

From being paid attention to by the mechanism to truly becoming a strong support document for Ethereum, Layer 2 has been the undoubted focus in the past two years. Although mainstream Layer 2 is still part of the Ethereum ecosystem, in fact its role is not much different from that of the new public chain. People are transferring assets to new chains. Many DEX and lending applications are also developing on Layer 2 chains, but most of them are chains changing their names. The homogenization of projects in the market at the functional level also illustrates the goal from the side. Difficulties in blockchain application innovation.

There is a picture at the beginning, and the content is all made up. There is such a picture in the Kaidan cultural circle. It is very ordinary in terms of style and content, but it has spawned large-scale discussions and derivative creations. It even has its own official Wiki.

This picture was born on 4chan in 2019. There is a discussion thread called Creepypasta on this magical website. Users can share pictures that make people feel "uncomfortable" or "uneasy" in this thread, and someone posted it. Such a picture:

Nothing seems wrong at first glance. The scene is in a dark interior with light yellow tones and a slightly sloping corridor, like a scene in a building or basement. The walls are covered with outdated yellow printed wallpaper, and the floor is covered with old yellow carpets. There are also a few lights. fluorescent lamp. The monotonous picture does not contain any horror elements, but it makes people feel "uncomfortable" after watching it for a long time. Until a Fantom user added a comment to this picture:

As the cryptocurrency space continues to expand, we are witnessing an increasingly severe liquidity crisis in the crypto market.

This dramatic change is having far-reaching consequences, so it’s critical to understand what’s causing the liquidity crunch and its potential impact on the future of the crypto industry.

At the heart of the liquidity crunch are recent challenges associated with the banking settlement layer in the crypto market.

Notably, two key platforms, Silvergate Exchange Network (SEN) and Signature Bank’s Signet, are facing significant challenges affecting the real-time settlement services they provide for the cryptocurrency market.

Author: The Kaiko Research Team Translator: Cointime Lu Tian

Weekly Review

It’s been a volatile week, with both Binance and Coinbase being hit by major SEC lawsuits, leading to wild price swings and altcoin selloffs. Other news includes Tether investing in a BTC mining company, the Arbitrum network being suspended for an hour, and Australia's largest bank to limit cryptocurrency trading. This week we’ll be looking at:

Trends of the Week

Market makers are leaving Binance.US

Binance.US is in serious trouble. A week after the SEC filed its lawsuit, market makers and traders are leaving the exchange. Liquidity, measured by the total market depth of the exchange’s 17 tokens, has fallen by nearly 80% in the past week. On June 4, the day before the SEC filed its lawsuit, the market depth was $34 million. Today, the market depth is just $7 million.

In the past period of time, DeFi has shown us that Ethereum is congested and the gas fees are incredibly high. This is just an appearance from the perspective of user experience. Its deeper meaning is that different DeFi protocols are competing for Ethereum’s block space. This is a zero-sum game.

When the block is full, the transactions of any protocol rise, which means that the transactions of other protocols decline. As newcomers increase, competition becomes more and more fierce, eventually leading to some mining transaction fees as high as hundreds of dollars. In the first few months of DeFi's popularity, Ethereum's transaction fees had surpassed Bitcoin to rank first in the encryption circle. Even if DeFi cools down today, its annualized transaction fees are not far behind Bitcoin.

This article introduces Good Entry, an upcoming derivatives market on Arbitrum that allows you to reduce losses during trading and avoid liquidation due to price fluctuations with Protected Perps.

How to achieve? They leveraged the liquidity of Uniswap v3.

What is Good Entry?

Good Entry (GE) is a derivatives trading platform that gives traders greater peace of mind by protecting them from downside risk.

The protocol aims to create a simple and easy-to-understand platform that frees users from the hassle of liquidation: users cannot be liquidated due to price fluctuations, only due to time constraints.

Author: MOLLY WHITE Compiler: Cointime Lu Tian

The day after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, Coinbase was also sued by the SEC. The explanation and overview of the Coinbase case has been sufficient, so I am not going to repeat them. However, I want to explore in more depth some of Coinbase’s PR, legal, and strategic aspects in its fight with the SEC.

Coinbase is considered a "legal" cryptocurrency exchange in the United States and is known for its conservative listing strategy in terms of the assets that can be traded on its platform. The company was founded in 2012, has a BitLicense from the New York Department of Financial Services, and was listed on the Nasdaq in April 2021. Coinbase has always strictly followed regulations and claims to actively cooperate with US regulators and hold regular meetings.

Author: Simon Parkin. Compiled by: Cointime: QDD.

Mark Zuckerberg's grand vision for his online presence has been derided as corporate folly. And those of you who still happily exist in a virtual world launched 20 years ago may be wondering what all the fuss is about...

On November 14, 2006, 5,000 IBM employees gathered in a digital replica of the Forbidden City, a 15th-century Chinese imperial palace. They came to hear a speech by IBM CEO Sam Palmisano. Palmisano's physical body was in Beijing at the time, but he spent most of his time speaking inside Second Life, an online social world launched three years ago. Palmisano's manicured avatar wore tortoise shell glasses and a custom pinstriped suit. He faced a group of digitized, animated dolls dressed in the business attire of the day: black heels, pencil line shirts and Windsor knot ties. In the crowd at the back stands a 10-foot-tall IBM employee, his digital face smeared with white makeup similar to Gene Simmons, and the hair on his shoulders is sonic blue.

Author: Janelle Teng. Compiled by: Cointime: QDD.

While a few foundational closed-source companies have captured the majority of venture capital investment in the GenAI category, a growing number of open-source voices are entering the system that could shake up the current paradigm.

A few weeks ago, I wrote an article about how the AI ​​model layer is one of the most strategic and competitive layers in the modern software technology stack. Currently, the three most valuable GenAI startups are closed-source companies backed by deep-pocket financial investors and powerful strategic partners.

introduction

The rapid development of the blockchain and encrypted art industry has brought opportunities to innovators, and Ariar is one of them. As an innovative company that integrates non-fungible tokens (NFT) and augmented reality (AR) technologies, Ariar is committed to advancing the construction of its AR Metaverse project. This project aims to use AR technology to make NFT three-dimensional, further enhance its market value, and bring a new narrative to NFT. This article will focus on the core concepts, cooperative relationships, innovative results and future prospects of Ariar and its AR Metaverse project.

Author: 100y. Compiler: Cointime: QDD.

Noteworthy items

Decentralized Finance (DeFi): Hourglass, Azteco

Centralized Finance (CeFi): Jia

Non-fungible tokens (NFT), games: Pudgy Penguins

Layer 1, 2: Nolus, Anoma

Web3: Magic, Transak, Human Tools, Blockworks, Story Protocol

Infrastructure: Fastlane Labs, Lagrange Labs, Airstack, Auradine, zkLink

1. DeFi

1.1 Entendre Finance (Source)

May 1, 2023

Seed round: $4 million

Lead investor: Basis Set

Investors: Valhalla, Caffeinated, Moonpay, Alumni, MDig, Alpine

Author: ANDREAS KROM. Compiler: Cointime: QDD.

1. Wintermute

Website: https://wintermute.com

Date of establishment: 2020

Location: London

Email: [email protected]

Exchanges: 50+ (including Binance, Bybit, Coinbase, Kraken, Bitfinex, Bitstamp, Uniswap, Dydx, LMAX)

"Wintermute is a leading algorithmic trading company focused on innovative digital asset markets, committed to building the future of finance and empowering employees to act like owners to achieve goals beyond what is possible at other companies.

Our mission is to support, empower and promote more transparent, fair and efficient markets and products, and to promote the realization of a truly decentralized world. "

Author: Zine. Compiler: Cointime: QDD.

Most organizations in our lives want time to flow the same way. This is capitalism at work: the only way to survive is growth, up and to the right. Companies want more profits and higher stock prices, countries want higher GDP, and families want more income so their children can live better than adults. Regardless, growth must be continuous over time and hopefully predictable. These are interesting times, but time itself has become dull and boring.

Author: STANFORD BLOCKCHAIN ​​CLUB. Compiled by: Cointime: QDD.

introduction

The future is multi-chain. The pursuit of scalability leads Ethereum towards rolling solutions. The move to modular blockchains has renewed interest in application chains. On the horizon, we hear rumors of application-specific rolling solutions, layer 3 solutions, and sovereign chains. But this all comes at the cost of fragmentation, with current bridges often limited in functionality and relying on trusted signing parties to provide security.

What will the final form of interconnection in Internet 3.0 look like? We believe bridges will eventually evolve into cross-chain messaging or Arbitrary Message Passing (AMP) protocols to unlock new use cases, allowing applications to pass arbitrary messages between source and target chains. We will also see the rise of a “trust landscape” where builders make various trade-offs in ease of use, complexity, and security.