Feng Ji (Yocar): Where will the golden age of domestic online games go?

Once upon a time, the game industry was known as a golden industry that "prints money while sleeping", but now, many R&D teams' works are stillborn before they go online. In 2006, more than 60 domestic online games flooded into the market, but only 15 were ultimately profitable. Faced with this bleak situation, we have to ask: Who is murdering our game? This article attempts to analyze this problem from the perspective of game planning and reveal the truth behind the failure.

Dead Babies: Games That Will Never See the World

Why is token unlocking important to care about?

Are you unfamiliar with the term “unlocking” the cryptocurrency market? If you are an investor who intends to deeply understand the market, unlocking the possible impact on the price of tokens is an event that you must pay close attention to.                                       

What is token unlocking? When each project issues native tokens, they are usually allocated to developers, early investors, etc. in proportion. This is the token distribution model. In order to avoid the tokens encountering huge selling pressure when the project is launched, many projects will set up A "lock-up period" is set to lock the tokens held by relevant persons for a period of time so that they cannot be traded immediately. Then at a specific point in time, these tokens will be partially unlocked, allowing holders to trade freely.                   

Bitcoin’s 2 Biggest Indicators Hint: The Next Rise Is Coming?

Bitcoin is still trading near its 200-day moving average ($59,420) recently after bouncing off the $49,000 trough. Over the weekend, Bitcoin broke through the $60,000 mark and showed a slow upward trend. But as of this morning (19th), it fell to around $58,500, with an intraday drop of 1.87%.

Even so, some analysts see the possibility of Bitcoin’s next leg up after looking at two technical indicators.

Indicator 1: ichimoku (Ichimoku Balanced Table)

According to "Cointelegraph", well-known trader and analyst Titan of Crypto pointed out that a key bullish signal appeared on the ichimoku chart on Bitcoin's daily trend:

The combination of AI and cryptocurrency, Coinbase promotes new accelerator program

With the rise of artificial intelligence (AI) platforms such as ChatGPT, the intersection between AI and cryptocurrency has become a hot topic. Coinbase co-founder and CEO Brian Armstrong shared some views on the future development of AI and cryptocurrency yesterday (8/17). He mentioned:

By combining large language models (LLMs) with cryptocurrency wallets, a whole new world can be created in which AI agents will be able to complete tasks on behalf of users and participate in cryptoeconomic activities, such as cryptocurrency trading and market trends. Analysis etc.

Former Bored Ape Creative Director Moves to Meta

Former Yuga Labs Bored Apes Yacht Club (BAYC) creative director Jeff Nicholas recently announced that he will officially join Meta’s Reality Labs in September as executive producer of mixed reality entertainment experiences. The news sparked widespread interest on social platforms X and LinkedIn.

In Nicholas' announcement, he stated that he will focus on virtual reality (VR) projects and will work with the team at Meta Reality Labs to develop new entertainment experiences. "I'm also looking forward to exploring the future of entertainment experiences with the talented team at Meta Reality Labs," he wrote when announcing the news.

Top Democrats change attitude and actively promote cryptocurrency regulations

On August 16, 2024, U.S. Senate Majority Leader Chuck. Chuck Schumer delivered an important speech at the Crypto4Harris online event, announcing plans to push for the passage of a cryptocurrency regulatory bill before the end of this year. This stance symbolizes a major shift in the Democratic Party’s cryptocurrency policy and sends a more friendly signal to the industry.

Schumer emphasized in his speech: "Congress has a responsibility to provide common sense and sound regulations for cryptocurrencies, and we need your support to ensure that any proposals are bipartisan." He said his goal is to have a deadline by the end of the year Let the Senate pass the relevant bill and become law, "I believe we can achieve this goal."

Source: Gyro Finance

Although China has explicitly banned virtual currency transactions and related activities, from a global encryption perspective, it is undeniable that the Chinese still occupy an important position in the market, but in recent years this position has been gradually invaded by the Western world. It is precisely for this reason that foreign media have always paid attention to China's policy trends and frequently turned their reporting horizons to China's encryption industry.

For various reasons, some reports lack reality and are biased, even seeming a bit absurd. They contain various subjective imaginations about China. For example, a previous Wall Street Journal article mentioned: "China's inland remoteness Crypto users in the province conduct private crypto transactions through laundromats." The fact is that due to cultural differences, it is difficult for China to even see laundromats, a common product overseas, let alone meet secretly in the store.

Challenges posed by the rise of Bitcoin

In a recent episode of "The Joe Rogan Experience," Paypal co-founder Peter Thiel expressed profound insights into the future development of Bitcoin. He pointed out that despite Bitcoin’s huge potential, current social and economic institutions are not yet fully ready to embrace this financial revolution. Thiel's remarks immediately sparked widespread discussion in the cryptocurrency community, especially those who closely follow the development of Bitcoin and its impact on the global financial system.

Digital euro plan faces strong opposition

The European Central Bank's (ECB) plan to promote a digital euro is facing strong opposition from Germany, Austria, the Netherlands and Slovakia. According to a report by Bloomberg, people in these countries are concerned about the potential risks of digital currency, believing that central bank digital currency (CBDC) may make them overly dependent on technology and pose a threat to their privacy and savings.

Opponents worry that a digital euro will infringe on their personal privacy and put the financial system at greater risk if there are problems with the technology. In addition, they also believe that digital currency may be used by the government to monitor individuals’ financial activities, thus infringing on individuals’ financial freedom.

SERA launches "Space Summer" NFT, holders compete for the opportunity to go to space

SERA (Space Exploration & Research Agency), an American private space exploration and research agency, recently issued the "Space Summer" NFT on the Ethereum Layer2 network Base. This move is not only to trigger a craze in the cryptocurrency market, but also to give ordinary people the opportunity to participate in space exploration, and even possibly go to space on the Blue Origin New Shepard rocket founded by Jeff Bezos.

This NFT issuance event is part of Coinbase’s “Onchain Summer” event. SERA plans to issue three space-themed NFTs on the Base network. Holders can not only participate in SERA’s astronaut selection program, but also have the opportunity to win one of the six seats aboard the New Shepard rocket. This event aims to use blockchain technology to allow more people to participate in space exploration and promote the development of the global space community.

Franklin Templeton, a world-renowned asset management company, recently submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC), planning to launch an ETF called "Franklin Crypto Index ETF." The fund aims to provide investors with performance positions in Bitcoin (BTC) and Ethereum (ETH), which is also an important step for traditional financial institutions to further expand into the digital asset market.

Crypto Index ETF: In addition to Bitcoin and Ethereum, more may be added

According to documents submitted on August 16, Franklin Templeton’s proposed “Franklin Crypto Index ETF” will track the CF Institutional Digital Asset Index (CF Institutional Digital Asset Index), which currently only covers Bitcoin and Ethereum. However, the document mentioned that the fund may include more cryptocurrencies in the future based on regulatory developments and market conditions. The ETF is designed to provide investors with exposure to the price volatility of crypto assets through regulated financial products.

Source: Aiying Compliance

According to Aiying's official website, one of the newly announced lists is Web3 infrastructure provider Fireblocks, which has obtained a Limited Purpose Trust Charter to provide customers with cryptocurrency custody services in the United States, allowing it to engage in virtual reality currency business, is expected to soon begin offering cold storage hosting solutions based on Fireblocks technology to U.S. customers.

Source: New York State Department of Financial Services NYDFS

Fireblocks’ trust company is part of its global plan to establish a regulated cryptocurrency custody network. Fireblocks launched a global network of digital asset custody companies in June that use Fireblocks technology and connect with customers through the Fireblocks platform. Obtaining a limited purpose trust company license provides an alternative for crypto companies to do business in New York State and provides additional benefits compared to the New York State BitLicense license. According to NYDFS, “a limited purpose trust company may exercise fiduciary powers, including custody services, and may engage in the business of money transmission in New York State without obtaining a separate New York money transmission license.”

If you were confused when you first encountered the concept of "chain abstraction", you are not alone.

It seems very important, has a lot of projects, has a lot of financing, and claims to be the standard... but it doesn't know what its use is. Is "chain abstraction" another buzz word on the Web3 new concept pipeline?

This article will start from the concept and return to the basic issues, hoping to scoop out the pearls in the sea of ​​nothingness.

TLS;DR

The purpose of abstraction is to hide complexity, and the level of abstraction in the context of Web3 is often higher than that of Web2 (and therefore more difficult)

Modularization lowers the threshold for public chain construction, and chain abstraction includes the re-architecture of public chain relationships and the improvement of user/developer experience.

Tenant secretly mines, landlord receives sky-high electricity bill

Recently, an Airbnb host named Ashley shared a staggering experience on the social media TikTok. One tenant stayed at her place for three weeks and not only gave her a five-star review but also kept the room clean and tidy. However, Ashley was stunned when she received an electricity bill of up to US$1,500 (approximately NT$48,300).

To find out the truth, Ashley reviewed footage from the property's exterior security cameras. She was shocked to find that the tenants moved out at least 10 computers when they left, and even set up a temporary charging station for their electric cars. After further investigation, the tenant admitted to conducting cryptocurrency mining activities within the past three weeks and claimed to have made profits of more than US$100,000 (approximately NT$3.22 million).

Gold prices hit new highs, Bitcoin market plunges into downturn

Recently, the international gold price exceeded the US$2,500 per ounce mark for the first time, becoming the focus of the global market.

Source: TradingView International Gold Price Trends

However, at the same time, the price of Bitcoin unexpectedly plummeted, causing many people to question Bitcoin's status as "digital gold." Bitcoin's price fluctuated around $1,500 over the course of the day, and while it avoided another low of $56,000, it failed to restore market confidence, according to TradingView. (As of writing, the price of Bitcoin is $59,239)

Blockchain giant welcomes heavyweights to help develop Web3

Well-known Ethereum developer Consensys announced on August 15, 2024, the appointment of former Disney senior executive Dan. Dan Odell is the company’s new chief financial officer (CFO). This appointment has attracted widespread attention in the blockchain and cryptocurrency industry and is regarded as an important strategic deployment of Consensys in promoting the mainstreaming of Web3 technology.

Source: LinkedIn Dan. Dan Odell

Odell has extensive financial and strategic management experience across multiple industries including Web3 technologies, consumer applications, games and media. Prior to joining Consensys, he successfully guided Improbable, a metaverse technology company, through a strategic business model transformation that significantly increased the company's revenue and improved its capital position. What’s even more striking is that O’Dell has worked at The Walt Disney Company for more than 15 years and has held many important positions, including Vice President of Global Product Management for Disney Parks, Experiences and Products, Chief Financial Officer of Maker Studios, and Chief Financial Officer of Mobile Games. .

As the author of the Ethereum white paper and co-founder of Ethereum, Vitalik's every move has varying degrees of impact on the cryptocurrency industry. His speeches and statements at various events are also regarded as one of the "industry trendsetters." His personal platform Projects mentioned multiple times are also considered "Ethereum orthodox projects".

On August 7, Vitalik said: “From my perspective, both Layer1 and Layer2 confirm transactions within seconds, Layer2 costs less than $0.01 per transaction, and the performance of Farcaster, Lens and Polymarket over the past year has been amazing. "Wow, we have begun to enter the ZK ID and ZK voting stages." Not only has he consistently praised the development of the L2 network, but he has also highly affirmed the popular products in other tracks.

Revolutionary Anonymous DAO Launches, Challenging Existing Blockchain Transparency Standards

On August 12, 2024, Amir, a well-known developer in the Bitcoin protocol ecosystem. Amir Taaki announced a breakthrough news on social platform X: the world’s first completely anonymous on-chain Decentralized Autonomous Organization (DAO) has been born. This innovative DAO - Anon DAO aims to revolutionize the visibility norms of the blockchain and "defend freedom" by operating completely invisible.

Taki said that the design of this anonymous DAO ensures that all its operations, including treasury, transactions, membership, token ownership, and decision-making processes, are completely hidden on the blockchain and cannot be seen by the outside world. The DAO’s smart contracts can perform operations such as transferring funds from a vault while ensuring that these transactions do not reveal the contents of the vault or the identity of the recipient.

Trump challenges the Fed’s independence, triggering political controversy

Former US President Donald Trump once again targeted the US Federal Reserve (Fed), triggering a heated discussion about presidential power and central bank independence. At a news conference at his Mar-a-Lago resort in Florida, the Republican presidential candidate reiterated his long-held view that the Fed "has made too many mistakes" and that the president should do something about interest rates. Have a greater say in decisions.

"I have better business instincts than they do," Trump said confidently.

Venture capital turns to Bitcoin and Ethereum

In the cryptocurrency industry, venture capital firms (VCs) are gradually turning their attention to more mature assets such as Bitcoin and Ethereum, reducing investment in high-risk early-stage projects. Adam Cochran, a partner at Cinneamhain Ventures, discussed this trend in depth on August 9, explaining why many VCs are slowing down investments in emerging crypto projects.

Cochran pointed out that the return to risk ratio of Bitcoin and Ethereum is more attractive than traditional investments. This allows VCs to avoid the high risks associated with investing in emerging Web3 startups. He mentioned that many investors (limited partners, LPs) in venture capital firms are primarily concerned with returns beyond traditional investments such as index funds.