You may still have the impression that when we wrote about celebrities involved in the blockchain field, we wrote about "Big Brother Maji" Huang Licheng, and emphasized that he has now become a supporter of NFT and has also started his own business in the NFT game. Tao of accumulation and entrepreneurship. Unfortunately, the good times did not last long, just recently. Huang Licheng announced that he will withdraw from the NFT field.
Coincidentally, Franklin, known as a "veteran in the NFT field", also recently announced his withdrawal from NFT and sold a large amount of BAYC.
As the saying goes, there is no smoke without fire, and everything has its traces. From being highly praised to being abandoned one after another, the 360-degree change in the NFT whale gate's attitude toward NFT investment is closely related to the recent decline in the NFT track. After all, many blue chips plummeted, and it became an indisputable fact that NFT fell into a bear market. So today, we will talk to you about what is happening with NFT today? Has the market bottomed? How will it develop in the future?
Binance Launchpad Newcomer Open Campus: "Greetings" from the Web 3.0 education track
Recently, Binance’s Launchpad has been constantly moving, with new projects being launched frequently, and Open Campus is one of them.
Compared with the IEO projects that were more conventional in the past and had a certain mass base, Open Campus is somewhat special. Its specialness mainly comes from two aspects. On the one hand, it is because it looks too low-key and ordinary, and is incompatible with Binance’s “high standards and strict requirements”. As we all know, Binance’s review standards for new projects are quite strict, and Open Campus’s resume is almost blank, and even the official website domain name has only been registered for a few months. On the other hand, it is because it comes from a completely new track. Open Campus is committed to becoming a community-led Web 3.0 education protocol platform that will break through the inherent "education walls" of the Web 2.0 world, thereby helping more users to enter Web3 more conveniently. This is also different from other Launchpad projects.
Ethereum successfully completed the Shanghai upgrade, setting an important milestone for the encryption industry
On April 12, 2022, Ethereum successfully completed the Shanghai upgrade. This major event in the currency circle finally came to an end amidst everyone's expectations and curiosity. It is no exaggeration to say that the successful upgrade of Ethereum affects not only Ethereum itself, but also has a milestone significance for the entire currency circle.
Why is Shanghai’s upgrade so important? Because it marks the complete end of Ethereum’s transformation to POS.
Back in September last year, the Ethereum merger was successful, which not only forever changed the way Ethereum transactions are processed, but also reduced the carbon footprint of the Ethereum network by 99%. However, the Ethereum merger does not give stakers the ability to withdraw ETH and receive rewards; these funds remain on the Ethereum network. Now that the Shanghai upgrade is completed, Ethereum has finally opened these functions. According to predictions, a large amount of Ethereum will be unlocked in the next three months, with 18 million expected, accounting for 15.65% of the total.
Count down the magical operations of Musk, the "top seller"...
Speaking of Musk's name, it can be said that everyone knows it and everyone knows it. Not only did he single-handedly make Tesla bigger and stronger and become an important part of the new energy vehicle field, he also used practical actions to illustrate his big goals and overall pattern. In Musk's eyes, the earth is nothing, it is not enough to accommodate his ambitions and dreams. Not only did he make bold statements about immigrating to Mars, but he also took action to launch rockets and satellites, and researched the unknown "Starlink Project".
Of course, in addition to his lofty ambition to "break out of the earth and go into the universe", Musk has also set his sights on the field of cryptocurrency. He was once optimistic about the future of the crypto community and spent huge sums of money to buy a series of currencies such as Bitcoin and Dogecoin, adding fuel to the prosperity of the crypto community. But this matter soon became a double-edged sword, and the currency circle was also plunged into an earthquake due to Musk's pessimistic remarks and selling actions. For the entire currency circle, Musk’s influence and presence are quite strong.
The battle for dominance of decentralized derivatives
With the collapse of the FTX empire, the industry impact it brought still leaves people with lingering fears. As the world's second largest cryptocurrency exchange, FTX's rapid demise not only caught users off guard, but also caught the capital giants behind it by surprise. Losing all the money, this black swan incident also made the encryption circle realize the importance of decentralization and transparency. The migration of trading activities from CeFi to DeFi is no longer a guess, and future development is only a matter of time.
(After the FTX incident, derivatives transactions on the DEX chain increased significantly)
From the data in the figure below, we can see that most on-chain transaction volumes are still dominated by spot DEXs such as Uniswap, but the transaction volume and TVL of on-chain derivative protocols are also increasing significantly.
As Watcher Guru reported earlier, every Apple Mac computer with newer macOS software has a hidden copy of the Bitcoin (BTC) white paper. The revelation was brought to light by independent blogger Andy Baio. This development has generated a lot of interest and buzz among Bitcoin (BTC) and Apple users.
While BTC fans were ecstatic about the news, the development raised the question of why Mac computers had a copy of the BTC white paper in the first place. However, this puzzling question doesn't have any concrete answer. Some believe that a BTC maximalist who works at Apple added the white paper as an Easter egg. However, there is also a possibility, albeit a crazy one, that Apple co-founder Steve Jobs is the true identity of Satoshi Nakamoto.
On March 24, the Ethereum Layer 2 zero-knowledge proof project zkSync announced that the V2 version of the zkEVM mainnet was officially open to the public, named zkSync Era. This is an important milestone moment for Ethereum and L2. Next, let us fully interpret the zkSync Era. .
zkSync was developed by Matter Labs in 2019 and uses zero-knowledge proof Rollup (ZK Rollup) technology to solve the Ethereum mainnet expansion problem. In theory, zkSync can handle up to 20,000 TPS, becoming one of the most efficient L2 EVMs. With the implementation of L3 and account abstraction, zkSync's ultimate goal of mass adoption will be achieved.
European and American banks have collapsed one after another. Can decentralized Bitcoin become the savior?
"Capital comes into the world, from head to toe, and every pore is dripping with blood and filth." When Marx spent 40 years writing "Das Kapital", he probably did not expect that this sentence would become a classic. and resounded throughout the world.
On March 10, Silicon Valley Bank in the United States was shut down by financial regulators due to "insufficient liquidity and insolvency," instantly causing a "tremendous wave" in the global market. This is the second largest bank to fail in U.S. history, and it is also the bank that went from bankruptcy to bankruptcy the fastest. The most terrible thing is that it is the largest bank to fail since the 2008 financial crisis.
According to on-chain data, the hacker who attacked Tender.fi, the Arbitrum ecological lending protocol, has returned the funds, and the Tender.fi team agreed to pay the hacker 62 ETH ($96,500) as a bounty. The official team said a post-mortem review is ongoing.
The warm wind is blowing again! The Bitcoin ecosystem presents a new pattern
Recently, BitcoinFi has become a hot search headline. Its popularity has given the entire Bitcoin sector a good start. A series of tokens related to the Bitcoin ecosystem have shown a high momentum of development. Even though the market has slightly corrected and is in a relatively weak situation, the performance of the Bitcoin ecosystem is still outstanding, which undoubtedly shows that the market has huge confidence in this track.
The Bitcoin ecology has set off a warm trend, and a large amount of funds and resources may enter the market in the future, forming an unstoppable bull market situation. So today, we will take stock of each category for you, and let’s take a look at the currently developing Bitcoin ecosystem.
Binance’s current USDC balance has exceeded US$5 billion. Binance has accumulated approximately US$3.8 billion in USDC in the past three weeks. As of now, Binance’s USDC balance has reached $5.1 billion, an increase of 292% in the past three weeks. The USDC balance held by Binance has increased significantly since the beginning of 2020, starting in February 2021, and the balance has remained stable since then (except for brief decreases in September 2022 and January 2023, when Binance held only Approximately $500 million USDC).
Cosmos: Proposition 640 is a scam, don’t click on any links related to it! On March 6, Cosmos tweeted that Proposition 640 regarding the “ATOM airdrop” is a malicious proposal and is currently in voting status. Please do not click on any links related to Proposition 640. By voting NoWithVeto, their 251 ATOM deposit can be burned.
Important developments overnight, keywords: March interest rate hike, ConsenSys, El Salvador. 1. The probability of the Federal Reserve raising interest rates by 50BP in March is 28%; 2. DeFi replaces CeFi as VC’s favorite; 3. Paxos Treasury destroyed 95,826,598BUSD; 4. ConsenSys: I hope regulators can recognize that encryption technology is an innovation; 5 . WSJ: Binance has tried to hire US SEC Chairman Gary Gensler as a consultant; 6. President of El Salvador: Tourism has grown by 95% since the adoption of Bitcoin; 7. Bitcoin adoption is expected to grow by 50% by 2025.
MakerDAO co-founder Rune sold another 760,000 LDO (approximately $1.9 million) last night and purchased 2,788 MKR (approximately $2.62 million). LDO sold for an average price of $2.60 and MKR purchased for an average price of $940.
Decentralized trading platform PancakeSwap will launch PancakeSwap V3 on BSC in the first week of April 2023, which will provide multiple new features, including better liquidity, more favorable transaction fees, trading rewards, and an optimized yield farm experience. Additionally, PancakeSwap has launched market maker integration on BNBChain, allowing users to trade BNB and ETH on the BNB Smart Chain, reducing slippage and getting the best pricing.
19 million US dollars smashed through the entire NFT market; Silvergate's "explosion" triggered market panic. Blur's new model brought liquidity to the NFT market and also caused a series of chaos. Some analysts believe that the sudden market decline is related to the financial gap and regulatory scrutiny of crypto-friendly bank Silvergate. The truth may only be known until the fiscal year report released by its parent company.
On March 4, the decentralized trading platform PancakeSwap will launch PancakeSwap V3 on BSC in the first week of April 2023, which will provide multiple new features, including better liquidity, more favorable transaction fees, transaction rewards and optimization Yield Farm Experience. Additionally, PancakeSwap has launched market maker integration on BNBChain, allowing users to trade BNB and ETH on the BNB Smart Chain, reducing slippage and getting the best pricing.
Understanding Arbitrum | Appreciating the charm of Layer2
Arbitrum is one of the many extension solutions of Ethereum. Simply put, it is an off-chain protocol for on-chain contract management, which can achieve high TPS and lower cost smart contract deployment and operation, while taking advantage of the decentralization of Ethereum. and safety.
The principle of realizing this design is to achieve Ethereum's urgent expansion needs and reduce costs by sharding public chain data and combining the computing advantages of the off-chain Internet with the advantages of blockchain. This is a huge advantage over sidechains or other alternative L1s.
Base enters the market with strength, and Layer2 is on the rise again
Recently, the cooperation between Coinbase and Optimism has become the hottest news in the Web3 industry. As soon as the news came out, it quickly dominated the headlines of various social media. Its influence is self-evident. The price of the partner $OP also moved in response. Let's go into Base and have a deeper understanding of this Layer 2 based on Ethereum.
What does Base do?
Base is a Layer 2 network based on Ethereum that provides a secure, low-cost, developer-friendly way for anyone, anywhere to build decentralized applications. Base's goal is to make onchain the next online network to carry 1 billion+ users into the crypto-economic network. Base will allow users to be brought to the chain and build a network that includes L1, other L2, and mainstream ecosystems such as Bitcoin and Solana. bridge.