1. Musk and Trump's peak dialogue: assassination attempt, illegal immigration, Biden's withdrawal from the election, etc.
August 13, 2024 is a day that Twitter will go down in history as Trump and Musk appeared together on Twitter Space, and it is reported that more than 1 million people attended the Space event. But the conversation between the two did not go smoothly at the beginning, and there was a small episode - Twitter seemed to be facing technical problems, and users reported difficulties in accessing the event. Data from the X platform showed that 2 million people were watching the live interview between Trump and Musk, but the live broadcast details could not be displayed. For this reason, Musk posted that "X seems to have suffered a large-scale DDOS attack," referring to a distributed denial of service network attack. He also said: "We tested the system with 8 million simultaneous listeners earlier today." Click to read
2.Arthur Hayes: How much is the next stop for BTC in US dollars? When will the altcoin season come?
If you can recognize how, where, why and when fiat liquidity is generated, it is difficult to lose money in investing. Unless you are Zhusu or Kyle Davis. If financial assets are denominated in US dollars instead of US Treasuries (UST), it makes sense that the amount of global currency and US dollar debt is the most critical variable. Click to read
3. a16z: How to consider token compensation
While many token compensation strategies have their roots in compensation models at web2 and other traditional companies, let’s be clear: tokens are not equity. They are not even a substitute for equity, so companies should be careful about making this analogy when discussing it internally and explaining it to potential employees.
4. From linear thinking to exponential thinking: How to use leverage to achieve wealth growth
A big problem many people in crypto have is that they unknowingly use the Martingale strategy and think that this will eventually make them win. You buy the low, then it drops more so you increase your bet, it drops again, you put in more, then it drops again and you put in your last few dollars. To your surprise, another low is made and even with low leverage (3-5x) you can be completely liquidated. A week ago on Monday, ETH dropped 17% in 4 minutes. Now do the math and see what would have happened if you had used 5x leverage at the time. Click to read
5. Thoughts on ZKVM and ZK Verification
Yesterday, I discussed the issue of ZK acceleration with a domestic ZK chip manufacturer. Currently, L2 based on ZK only needs a few hundred GPU machines to maintain daily business, and the future development of Asic will be even more exciting. So, where is the current acceleration demand? Which parts are worth accelerating? Is the bottleneck of the ZK track in proof generation or verification? What impact will these issues have on the ecosystem? Click to read
