1. The current cycle of the crypto market: stagnation, bubble, crisis and breakthrough
Bitcoin happened to be born in the context of the economic crisis, probably to resist the excessive issuance of national legal tender and monetary intervention policies. Looking back on its development history, before Bitcoin was completely banned in China in 2021, it is undeniable that China was the main driver of the industry's growth, and its mining operations once accounted for two-thirds of the global total. At the same time, the overall economy experienced significant growth, driven by the real estate and Internet booms. The overall macroeconomic environment is positive until 2021, with central banks continuing to inject liquidity into the market, driving investor optimism. However, after 2020, the cooling of the real estate sector and the overall economic slowdown depleted liquidity in some markets. Click to read
2. Launching EVM sidechain, making stablecoins, and acquiring custodians with huge investments, doesn’t Ripple only know how to sell coins?
Ripple plans to launch the XRPL EVM sidechain in 2025. At the same time, its USD stablecoin is also in the internal testing stage. The launch of the sidechain is to build the Ripple ecosystem. This project, founded in 2012 and specializing in payments, is also going to build an ecosystem. However, in terms of the on-chain ecosystem, unlike traditional public chains in the cryptocurrency circle, Ripple will generally focus its business on RWA. Click to read
3. Fractal Bitcoin rekindles the heat of BTC ecosystem. What is the value of CAT20?
The Fractal Bitcoin project recently launched by UniSat has become the focus of community attention. As a Bitcoin expansion solution, its ecological projects and tokens have also been discovered and sought after by early investors, such as FLUX, PizzaSwap, Wukong, etc. The hottest new project in the past two days is the CAT20 token protocol, which also helps Fractal Bitcoin bring traffic to the BTC ecosystem again. Click to read
4. What happens when all tokens are re-staked?
Dovey Wan, founder of Primitive Ventures, commented on this article: My mental model of "re-staking": Technically, it is similar to the PoS version of merged mining; economically, it is a smart way of rent-seeking on the chain; commercially, it is a regular arbitrage game that effectively acts as an ICO distribution for pre-release projects. Click to read
5.SBF demands a new trial, accuses federal judge of mocking him
Jailed FTX co-founder Sam Bankman-Fried has asked for a new trial, accusing a federal judge of preventing him from mounting a proper defense. The former CEO's lawyers argued that "everyone rushed to conclusions" after FTX collapsed and fair trial principles were swept away in a tsunami of "judgment before judgment," according to a Friday brief from the Second Circuit Court of Appeals in New York.
