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Macro perspective

Opinion: This bull market is different from the past, and expectations should be lowered

In this cycle, the total market value of cryptocurrencies excluding Bitcoin and Ethereum will not exceed twice the 21-year bull market high, with a maximum value of approximately US$2.2 trillion.

Arthur Hayes' latest blog post: The United States has begun printing money in disguise, and Bitcoin will resume its rise in August

“Bitcoin will fluctuate between 60,000 and 70,000 until August.”

On the eve of SEC approval, Grayscale withdrew its Ethereum futures ETF application. Why?

Is Grayscale withdrawing its Ethereum futures ETF to increase the approval rate of spot ETFs, or to reapply after modification, or to follow GBTC’s example in preparing for litigation?

On-chain data is bullish: More and more BTC hoarders are buying BTC, and the amount of BTC inflows to exchanges has dropped to the lowest level in nearly a decade

CryptoQuant analyst Axel Adler noted that long-term holders (LTH) also stopped selling tokens and began to accumulate again, which has historically been bullish.

Grayscale April Market Report: As the macro storm hits, the crypto market is bullish against the trend?

On the premise that the overall macro market environment remains stable, the price of cryptocurrencies is expected to usher in new upside in the second half of 2024.

Bitcoin Ecosystem

The floor price has hit a record high. What is so special about the BLOB initiated by Ordinals OG?

Adhering to the idea of ​​building a punk community with both coding and artistic characteristics, mainly composed of scientists, artists, digital punks, developer community leaders and selfless contributors, two veterans of the "Ordinals" community, @Elocremarc and @nurorealm, founded the BLOB project and set it up as a free mint.

Interpreting the Western camp’s BTC L2: Mezo, BOB and Spiderchain

What are the advantages and disadvantages? What impact will it have on the Bitcoin ecosystem?

"New Platform Maker" Babylon: Embracing a Bubble Feast of BTC Restaking

BTC restaking will create an unprecedented Bitcoin ecosystem bubble, but before the bubble bursts, please welcome and embrace it.

Zulu, a seed player in the BTC ecosystem: based on UTXO, pioneering a dual-layer structure

If a new UTXO-based project suddenly breaks out, Zulu is one of the few projects on the market that supports UTXO and can support both EVM and UTXO ecosystems.

Ethena of BTC ecosystem? Interpretation of BounceBit, the first project of Binance Megadrop

BounceBit is a restaking base layer on the Bitcoin ecosystem. In terms of design, it works closely with Binance to build a high-yield CeDeFi component.

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

A quick look at 10 potential altcoins held by a16z, BlackRock, and Coinbase

Covering lending, NFT, trading, Meme and other tracks, including COMP, ISP, ZRX, LCX, BLUR, MOG, etc.

Breaking down the investment list of top KOLs in the past six months, what opportunities are there?

The investment targets are mainly concentrated in popular tracks such as games, social networking, and BTC L2 network.

A quick look at the 8 projects shortlisted for the ETHGlobal Sydney finals

The eight projects are Relief Link, HoverChain, Retake//Regen, Cache Coherence, 0xPoll, Roman Kyoto, Zeke, and AlibudaHabitBuilder.

Interpretation of friend.tech V2 after coin issuance: new opportunities or old tricks?

The current FT V2 version seems to be missing some key features.

Pima: After the big drop, which tracks and projects should we focus on?

Don't live on Twitter, live on project fundamentals.

Web3

Data interpretation of zkSync’s current situation: Airdrop effect fails as profits shrink, and official inaction leads to poor ecosystem

This article reviews zkSync's data this year and finds that although zkSync's market size is still in the leading position, its users' willingness to participate is decreasing, and its profit capture ability is also decreasing significantly. This is closely related to its airdrop PUA that has lasted for several years, the poor quality of ecological projects, and the neglect of user rights.

Justin Sun’s on-chain operations: “Gold rush” to pledge EigenLayer and Swell L2 again, buying the bottom of ETH

The wallet associated with Tron founder and CEO Justin Sun has won the first place in Puffer Finance's points since February and became the first airdrop recipient of EigenLayer in April. On May 4, Justin Sun also deposited 120,000 eETH into Ethereum liquid re-staking protocol Swell L2, worth $376 million. This transfer of eETH accounts for 46.6% of Swell L2's total deposits.

Over $50 billion spent on US Bitcoin spot ETFs: Asset management companies are the main force in subscriptions, and several Hong Kong institutions are on the list

Recently, with the release of the US 13F (institutional holdings report), the positions of institutions participating in the "buying up" of Bitcoin spot ETFs have also been exposed. So, how is the market development of Bitcoin spot ETFs? Which ETF products have the investment giants allocated, and what investment signals have they released?

Points system is flooding and has been criticized by the public. After the "routine" of the points system, airdrops need to return to sincerity.

The high funding and user participation of the points project is due to the premium of market sentiment. Once the market sentiment reverses, it will be difficult to sustain. Therefore, when designing the points system of the project, more attention should be paid to information transparency and fairness while more comprehensively capturing the contribution of community users.

A Lamborghini leads to a Rashomon between Binance and DWF Labs. He has always pointed out that market makers are fighting secretly.

Judging from He Yi’s response, this incident seems to have been caused by a struggle between market makers. It is very likely that competitors released some negative news in the media for public relations purposes in order to attack market makers such as DWF Labs.

Pump and We.Rich have led the public to issue coins. How many steps are there to build a MEME with a market value of over 100 million?

With the emergence of Pump products, do players think that they can turn from leeks into sickles? After PANews’ experiments, it was found that although Pump simplifies the coin issuance process and costs to the minimum, it may be difficult to realize the dream of a 100-fold coin.

On the eve of the coin issuance, LayerZero called out to "witches": "surrender" can retain 15% of the token share

The announcement that LayerZero finally issued was like a heavy blow to all users - the tokens were indeed going to be issued, but multiple rounds of witch screening activities were required first.

Technical

FHE Fully Homomorphic Encryption, highly praised by Vitalik Buterin, explains its application potential in 5,000 words

“FHE is the holy grail of cryptography. Over time, FHE will reshape the fabric of all computing, whether web2 or web3.”

Movement Research Report: zk-Rollup based on Move, connecting with the liquidity of the EVM ecosystem

Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment.

Technical explanation of BitVM bridge and OP-DLC: the design idea of ​​the new generation of Bitcoin Layer2 cross-chain bridge

In this article, we will briefly analyze Bitlayer and Citrea’s BitVM bridge, and introduce the OP-DLC bridge proposed by Bitlayer to address the shortcomings of the BitVM bridge, so that more people can understand the risks and design ideas of cross-chain bridges, which is crucial for the majority of Bitcoin ecosystem participants.

Vitalik’s new work: What is multi-dimensional gas pricing?

Vitalik talks about Ethereum's multi-dimensional gas pricing. How to weigh and choose?

Key Information

Trump announces he is accepting crypto donations for US presidential campaign

Tiger Brokers (Hong Kong) officially launched virtual asset trading services, currently only available to professional investors

Robinhood receives Wells notice from US SEC over cryptocurrency business

Chairman of the US SEC: The crypto market is a hotbed of fraud, and investors have not received important information disclosure

Almost all of FTX’s customers will receive their funds back

Visa Research Report: More than 90% of Stablecoin Transactions Are Not from Real Users

U.S. House of Representatives Passes Resolution Aims to Overturn SEC Crypto Accounting Policy

U.S. CFTC Chairman: A wave of cryptocurrency enforcement actions will occur in the next two years

MetaMask launches 'Smart Transactions' feature to combat MEV attacks

The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs

Uniswap founder calls for an end to prematurely setting high valuations: Crypto projects need to prove their value before talking about unicorns