PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.

Macro perspective

The Republican Party of the United States released a draft party platform: Trump vowed to end the "illegal crackdown" on the crypto industry and defend Bitcoin mining

2024 is a big year for global elections. Nearly half of the world's population will participate in elections in 64 countries. In this year's election, cryptocurrency, especially Bitcoin, is becoming a key issue.

Is there no hope for a crypto market turnaround in July? These positive factors will promote a crypto market reversal

At a time when investor confidence has suffered a severe blow, the crypto market is believed to be turning around from the fourth quarter of 2024 due to the combination of multiple positive factors such as the FTX repayment plan of up to US$16 billion, rising expectations of interest rate cuts, and the results of the US election.

Token performance in this round of plunge: nearly 60% of tokens have been halved in price, the old blockchain is the most resistant to the drop, and blockchain games are sluggish

Among the 195 tokens counted and calculated by PANews, more than half of the tokens fell by more than 50%. Excluding the stablecoin USDC, only three tokens fell by less than 20%.

Memoirs of ICO money-making behemoths: Some became Bitcoin tycoons, while others were worth only $70,000, and their investment returns were not as good as BTC and ETH

Judging from the 10 projects reviewed, these projects were undoubtedly the most dazzling stars of that era. With the halo of celebrity, they easily obtained huge investments. Seven years have passed, and the projects that claimed to create the next Bitcoin and Ethereum have changed a group of players.

Ten questions and ten answers: When will the impact of the German government’s stock market crash, the culprit of the crash, end?

How many bitcoins are left to sell? Will the sell-off ever stop? How much will the price drop in extreme cases?

Opinion: 10 data points show that the bull market has not really started yet

Including technical indicators, social media indexes, macro data and other categories.

Illinois, USA confirms that BTC and ETH are digital commodities. What is the significance for crypto regulation?

Yesterday, according to Fox Business reporter Eleanor Terrett, Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that an Illinois court has confirmed that BTC and ETH are digital commodities under the Commodity Exchange Act.

TON Ecosystem

After Notcoin, how to seize the airdrop opportunity of TON ecosystem?

Currently, the market value of the Ton public chain has entered the top 10, the number of Telegram users has exceeded 900 million, and the ecological projects are thriving. Many TON ecological projects intend to adopt the marketing method of airdrops, providing community participants with many opportunities to make money.

Everyone has a share, with over 1.6 million fans, what is the origin of the black and white dog DOGS that went viral on Telegram?

At a time when the TON ecosystem lacks a representative MEME, the viral black and white dog seems to have the potential to become a cultural symbol that relies on the rapid spread of Telegram.

Ton Ecosystem Meme is hot again, get this latest tool list

It covers wallets, withdrawals, K-lines, security, pump imitations, trading bots, etc. The market value of the top tokens in this round reached 24 million US dollars, not far from the record of 40 million US dollars set by Fish three months ago.

Will Telegram+TON+Asia lead us into the next bull market?

Telegram Stars will become the most successful entry point from Web2 to Web3, bringing billions of dollars to the TON network. This will lead to true mass adoption: more users join, and more convenient ways to purchase digital goods.

Head of Crypto at Matrix Partners China: TON ecosystem has great potential, but why don’t large VCs have the opportunity to participate?

The Ton ecosystem is still in its early stages and has great opportunities, but there may not be any opportunities for large funds.

The key choice behind the TON ecosystem explosion: traffic-driven rather than asset-driven

In general, I found that the official TON ecosystem construction ideas are different from traditional execution layer projects, that is, the so-called public chains. It seems to choose traffic-driven rather than asset-driven. This brings a new requirement to developers. If they want to get official endorsement, or more directly become a project that the official prefers, the core operating indicators in the cold start phase need to transition from asset-related, such as TVL, market value, number of coins held, etc., to traffic-driven, such as DAU, PV, UV, etc.

Bitcoin Ecosystem

Lombard: Can the Bitcoin re-staking agreement trigger trillions of dollars in funds?

Founded in April 2024, Lombard is dedicated to unlocking Bitcoin’s potential as a dynamic financial instrument by connecting Bitcoin to DeFi.

New ideas for Bitcoin Layer 2 expansion: GOAT Network’s OCP challenger mechanism and Entangled Rollup technology

GOAT Network provides the foundation for its universal Native cross-chain Bitcoin second-layer solution through the OCP challenger mechanism and Entangled Rollup unified interactive layer.

For more related content, please check out the special topic: "Beyond Digital Gold: BRC-20 and Inscriptions, Opening a New Chapter for Bitcoin"

Seize the opportunity

The network activity exceeds Arbitrum, discussing the potential of L3 game Pirate Nation

Pirate Nation is a full-chain play with good fundamentals.

In-depth analysis of Jiritsu: Former BlackRock asset manager joins, crypto-native RWA solution

In the past six months, countless teams have flocked to transform into RWA, but only a few have successfully seized the opportunity and achieved initial results. Whether it is transformation or entry, seeing the opportunity clearly is the key for the team to get a ticket. Among the many competitors, a project called Jiritsu attracted our attention.

Comparison of the three major re-staking projects: EigenLayer, Symbiotic, and Karak

EigenLayer offers a more mature solution, as well as the strongest economic security and ecosystem. On the other hand, Symbiotic and Karak Network are still in their early stages. Therefore, there is still a lot of room for development.

SEND has increased more than 100 times, is Solana Blink's wealth-creating effect coming?

Whoever pleases the community has liquidity and attention.

Web3

97% of ARB holders suffered losses, huge unlocking was the culprit, and Arbitrum’s ecological subsidy strategy was criticized as unwise

Arbitrum is undoubtedly one of the Layer2 "top students" with relatively strong data performance, but the continuous decline in the price of the currency is its "hard flaw", even though the circulating market value has doubled since the beginning of its launch. At the same time, although Arbitrum's many data still have a leading advantage among many L2s, its ecological data is undoubtedly subsidized by the large-scale coin-spending model, and this approach has not yet played a significant role in boosting the price of ARB.

Review of Polygon co-founder Sandeep's 18 project layout: keen on sniping seed rounds, many of which are Polygon ecosystem projects

This year, Sandeep has announced that he has participated in the construction/investment of 18 crypto projects. According to PANews, they are mainly AI, ZK, DID, DEX and infrastructure tracks, of which AI projects account for more than one-fifth. Nine of these projects are mainly seed rounds, and many projects have already shown high valuations in the seed round stage. The highest seed round financing amount reached US$85 million, and the highest disclosed valuation reached US$400 million. In addition, many of these projects are Polygon ecological projects or have certain cooperative relationships.

There are constant rumors about "large-scale delisting of tokens" in South Korea. What impact will the "Virtual Asset User Protection Law" that is about to take effect have?

Recently, South Korea's virtual asset regulators have frequently announced new regulatory developments, and there has been a "reversal" in the news. In fact, in order to cooperate with the "Virtual Asset User Protection Act" that came into effect on July 19, South Korea's cryptocurrency-related regulators and self-regulatory organizations are taking the initiative to "attack."

IOSG founder: Comrades in the Eastern community, Meme is not the future, we need a real crypto revolution

Crypto is not just about memes. There are many opportunities in infrastructure and applications waiting to be mined and explored. These are the real industry alphas.

Exclusive interview with Aave founder: Aims to build a DeFi complex and completely surpass MakerDAO

Aave is gradually evolving into a DeFi complex with wallets, social media, and stablecoins.

BUSD is no longer a security? Why did the SEC stop investigating?

Paxos: We believe this development will usher in a new wave of stablecoin adoption.

A review of 64 "Web3+AI" projects that completed financing in the first half of 2024, more than half of which focused on infrastructure and gaming and entertainment

Referring to the "Funding Weekly Report" column, PANews has counted the "Web3+AI projects" that received financing in the first half of this year. These projects apply artificial intelligence technology to varying degrees, involving computing power and algorithm infrastructure, data and privacy, DeFi, games and other entertainment products, as well as applications that provide content creation tools, AI Agent/bot and other services.

Technical

Interpretation of the new popular project Movement: Parallel EVM + Modular Execution Layer

Parallel EVM has become the new hot word recently.

A Brief Analysis of Solana L2 Sonic: The First Atomic SVM Chain, the OP Stack in the Web3 Gaming Field

Sonic is the first atomic SVM chain that achieves atomic interoperability with L1 Solana, without requiring users to add new chains to their wallets, set up new RPCs, and manually transfer assets between L1<>L2.

With security as the core, another architecture of Dex can be seen from ArtexSwap

ArtexSwap is a decentralized exchange that uses Artela EVM++ and Aspect technology to solve MEV risks and Rug Pull problems, improve transaction security and efficiency, and is suitable for decentralized trading scenarios that require high security and flexibility.

The future of crypto infrastructure? Multi-chain account abstraction explained

Let us help you gain a deeper understanding of the meaning and future of “account abstraction”.

Key Information

Multiple EthCC attendees robbed in Brussels, allegedly “thugs targeted crypto people”

Trump to Speak at Bitcoin Conference This Month

Following Powell's testimony, traders are pricing in a slightly higher than 70% chance of the Fed's first rate cut in September.

The Beijing Municipal Public Security Bureau Legal Affairs Corps held several joint meetings and theme salons on regulating the management of virtual currencies involved in the case.

US CPI drops sharply in June

U.S. CFTC Chairman: Illinois court has confirmed that BTC and ETH are digital commodities under the Commodity Exchange Act

BlackRock and Invesco Galaxy Submit Ethereum Spot ETF Securities Registration Application to the U.S. SEC

TON blockchain will release a new Layer2 network based on Polygon technology

OKG Research: On-chain data shows that the amount of funds flowing out of the on-chain addresses of the US and German governments last week was approximately US$1.39 billion