01 Crazy Bitcoin
"Crazy 24 hours, Bitcoin is "out of the circle" again"
"Galaxy Bitcoin Annual Mining Report: Facing Hash Price Volatility"
"Forbes Interview with Galaxy Founder: Bitcoin ETF and the Next Bull Market"
"Dust 15" released for the first time! Satoshi Nakamoto and the Bitcoin Past Hidden in Emails》
"Hal Finney in new emails, the person closest to "Satoshi Nakamoto"? 》
02 Blast Ecology
"Eat more for one fish!" Blast mainnet is launched as scheduled, taking stock of 15 ecological projects not to be missed》
03 Storage track
"Storage market is on the rise, what are the hot projects gaining momentum in the near future?" 》
04 Industry Thoughts
"Bloomberg: NFTs are making a comeback"
"Exclusive Interview with the Father of Blockchain: Blockchain was born for NFTs, not cryptocurrencies"
"How to Create a Successful MEME?" 》
"ZKP collides with AI, is zkML the hidden next round of hype narrative? 》
"MakerDAO Elephant Turns: Detailed explanation of Spark, subDAO and Maker "Endgame""
"The next wave of consumers: Web3 is the new business layer of the Internet"
"Hal Finney in new emails, the person closest to "Satoshi Nakamoto"? 》
05 Review
"Buying a gold shovel for 99 dollars is a sure profit?" Please be sure to read this article before ordering a Jambo phone｜Jambo Phone comprehensive review》
06 Project Observation
"How to bet on popular projects in advance?" Overview of pre-launch protocol status》
"The fate of leading mining companies, a quick read on the Bitcoin L2 Anduro incubated by Marathon"
"The first Starknet application chain!" Quickly read the derivatives exchange Paradex in one article
"Detailed Explanation of Avail's "Trinity": How to Solve the Problems of Ecological Fragmentation and Scalability? 》
01 Crazy Bitcoin
Bitcoin is on a tear this week. In the early morning of February 29, Bitcoin returned to above $60,000 after 832 days. It not only became a hot search on Weibo, but also triggered FOMO sentiment in the entire market. recommended article:
"Crazy 24 hours, Bitcoin is "out of the circle" again"
On February 29, 2024, Bitcoin reached a maximum of $64,000, which is still 10% higher than the historical high of $69,040 in the previous bull market. Currently, Bitcoin has stabilized above $61,000, and bulls and bears are still in a tug of war.
Interestingly, Bitcoin has not seen any pullback from last November’s low of $16,000. Many voices in the community have expressed panic. No one knows what is the reason for this round of rise. The participation of Wall Street capital has made everyone confused. Many senior traders have failed to predict and the market has gone short. The passage of the Bitcoin ETF and the entry of traditional capital may have invalidated the methodology of seeking a sword at every turn, but no matter what the future trend is, we should remain in awe of the market. After all, half an hour in the early morning is enough for many people to lose their positions.
This week, Galaxy released its annual Bitcoin 2023 mining report saying hash price volatility is a new area that miners must master after fine-tuning their operations during the bear market. Faced with challenges such as halvings and unstable transaction fees, conquering the computing power frontier is crucial for the survival of existing players. recommended article:
"Galaxy Bitcoin Annual Mining Report: Facing Hash Price Volatility"
In the second half of 2023, miner purchase orders increased by 59.3%, from 39.4 EH to 62.8 EH. Miners are particularly interested in purchasing new-generation mining rigs with efficiencies below 20 J/TH, such as the S21/T21 and M66/M56 from Bitmain and MicroBT respectively.
Miners have purchased over $393 million in mining rigs so far in 2024, with CleanSpark and Pheonix leading the way.
Speaking to Forbes at the recent iConnections Global Alts Summit in Miami, Galaxy Digital founder and CEO Mike Novogratz believes traditional finance will drive the next wave of Bitcoin. recommended article:
"Forbes Interview with Galaxy Founder: Bitcoin ETF and the Next Bull Market"
Mike Novogratz: The reality is that there has been a generational shift in Bitcoin adoption, with younger generations seeing it as a means to rebalance the economic scale inherited by the baby boomers. As registered investment advisors cater to this demographic shift, the emergence of ETFs tailored to their preferences marks a major milestone in Bitcoin’s journey toward mainstream adoption.
While some may believe that Bitcoin’s value is simply a social construct, it’s important to recognize its importance as a store of value similar to gold. Despite skepticism from traditional investors like Ray Dalio, rising acceptance of Bitcoin by RIAs and retail investors demonstrates Bitcoin’s enduring relevance in the financial sector.
Going forward, I expect portfolio allocations to Bitcoin to gradually and steadily increase as RIAs recognize its potential for diversification and wealth preservation. The influx of capital from the traditional financial sector represents the next stage in Bitcoin’s development and is expected to be an important catalyst for its continued growth.
近期，中本聪（Satoshi Nakamoto）最早的合作者 Martti Malmi（早期的比特币开发者，更为社区熟知的代号是 Sirius），发布了他与中本聪的整个电子邮件历史记录。这份记录足足有 120 页，是关于比特币的未知发明者「中本聪」档案中最重要的补充。推荐文章：
"Dust 15" released for the first time! Satoshi Nakamoto and the Bitcoin Past Hidden in Emails》
When asked about how the Bitcoin network should expand in the future, Satoshi Nakamoto speculated that the Bitcoin network would theoretically have up to 100,000 nodes. He explained in detail the corresponding calculation methods and the economic issues at the scale of the network. .
Foresight News notes that as of February 2024, the current Bitcoin network has approximately 50,000 nodes running.
Hal finney, as a Bitcoin developer and pioneer, was the first person to obtain Bitcoin through the transaction mechanism. After interpreting this newly disclosed email record, I peeled off the cocoon and tried to further explore the possible relationship between Hal Finney and the identity of "Satoshi Nakamoto". recommended article:
"Hal Finney in new emails, the person closest to "Satoshi Nakamoto"? 》
I have always considered Hal finney to be the main figure behind the identity of Satoshi Nakamoto (plus maybe 1 or 2 minor characters), and I think Martti Malmi (Sirius) was the one behind the latest revelation Email records with Satoshi greatly support this:
02 Blast Ecology
On March 1st, Blast was launched on the mainnet as scheduled. This article counts 15 ecological projects that can eat more than one fish after the Blast mainnet goes online. Most of these projects are the winning projects of the Blast Big Bang competition. recommended article:
"Eat more for one fish!" Blast mainnet is launched as scheduled, taking stock of 15 ecological projects not to be missed》
According to the data panel produced by Flipside data analysts, 3 hours after the launch of the Blast mainnet, a total of 25,000 wallets in the Blast network executed more than 620,000 transactions, creating an average of 0.5 blocks per second, and the average gas fee was 0.000383 ETH ( (approximately $1.3 at current price), the average TPS is 1.4, and the peak TPS is 144.5. In terms of smart contract deployment, more than 7,000 contracts have been deployed on Blast.
In terms of rewards that users are most concerned about, Blast currently allows early access users to cross-chain to the main network and use Blast native DApps. Mainnet users will continue to earn Blast Points, and mainnet DApps can now earn Blast Gold. 50% of the Blast airdrop is allocated to Blast points (users), and 50% is allocated to Blast coins (DApps). Gold coins will be distributed to DApps every two weeks. DApps can keep gold coins for themselves, but some DApps have promised to give all gold coins to users.
03 Storage track
In the past month, the storage market has experienced general growth, with FIL, AR, etc. rising by more than 70%. recommended article:
"Storage market is on the rise, what are the hot projects gaining momentum in the near future?" 》
The basic architecture of AO includes:
- Processes: The computing unit of the network, represented by the interaction message log and initialization data items stored on Arweave. The process allows the communication unit to transmit messages to the computing unit, allowing users and processes to freely choose sequencers, etc.
- Messages: Each interaction with a process is represented by a message. Users and processes can send messages to other processes on the network through the scheduling unit.
-Scheduler Units: Responsible for assigning slot numbers to information sent to the process and ensuring that the data is uploaded to Arweave.
- Compute Units: Nodes used by users and communication units to calculate process status in AO. They can compete with each other in the peer-to-peer computing market to provide services that resolve process status, and return a signed specific message parsing output certificate. .
- Communication Units (Messenger Units): A node that delivers messages in the AO network according to the cranking process, delivers the messages to the computing unit, and coordinates to calculate the output results.
04 Industry Thoughts
NFTs, which once fell from the vanguard of the digital wave to a joke during the cryptocurrency bubble burst, are suddenly making a comeback in an unexpected way. recommended article:
"Bloomberg: NFTs are making a comeback"
Startups are creating a renaissance for NFT applications in gaming, finance and art, claiming they have learned hard lessons from the past that will make their latest endeavors more durable. They want these NFTs to be seen as more than just expensive profile pictures that belong only to the rich and famous.
NFT sales nearly tripled from the previous month to $918 million in November before surpassing $1.7 billion in December, according to CryptoSlam. However, trading volume fell 33% to $1.2 billion in January, suggesting that NFT recovery may be complicated. Skepticism about blockchain gaming, the uncharted territory surrounding financialized NFTs, and doubts about whether NFT art can return to sky-high sales all pose challenges for a troubled market.
“I think this desire for exclusivity is a huge mistake,” said Luca Netz, CEO of NFT startup Pudgy Penguins. “What people really want is fans, they want collectability.”
When Scott Stornetta and Stuart Haber invented blockchain, they had something akin to NFTs in mind, not digital currencies. Jason Bailey (founder of art and technology blog Artnome.com) had an in-depth exchange with Scott Stornetta and Stuart Haber to discuss the vision and subsequent evolution of blockchain at its inception more than three decades ago. recommended article:
"Exclusive Interview with the Father of Blockchain: Blockchain was born for NFTs, not cryptocurrencies"
When discussing algorithmic methods of digital recording, we use the term "provenance." We focus on various record types. However, when Satoshi Nakamoto aimed to build a digital currency system and needed a way to ensure the integrity of financial transactions within the system, he directly adopted our solution. The data structure of Bitcoin transactions accurately reflects the data structure of our timestamping system, which was implemented in experimental code beginning in October 1991 and became commercially available in January 1995.
MEME coins are starting to dance again. The prices of PEPE, BONK, FLOKI and other coins have all risen sharply this week, and WIF has even hit a record high. Familiar MEME Quotes Coming Again? Buying MEME is a technical job, but what about building a successful MEME project? recommended article:
"How to Create a Successful MEME?" 》
MEME is different from public chains, L2 or DeFi, etc. The latter are often issued in quantities of 1 billion to 10 billion, while the total amount of MEME is calculated in hundreds of trillions. Let’s take the top 150 MEMEs by market capitalization as an example, and the statistics are shown in the figure below.
The reason behind such a large total volume is to capture players’ psychological expectations of MEME speculation. Smart project parties will not let MEME tokens be worth a few dollars as soon as they are launched. Smart project owners will use low-price strategies to attract high-risk players and retain small retail investors who don’t have much capital.
We must keep the unit price low so that players can see a large quantity when they buy it. Only by using a small amount to make a big difference will players be more inclined to hold it.
zkML may be the next grand narrative after artificial intelligence. This article will explain zkML in the simplest way. recommended article:
"ZKP collides with AI, is zkML the hidden next round of hype narrative? 》
In short, zkML = ZKP + ML
Where: ZKP = Zero Knowledge Proof, ML = Machine Learning.
So: zkML = zero-knowledge proof machine learning
In a nutshell, it is to use ZKP technology on the machine learning model to generate output content without leaking sensitive data used in the training process and ensuring the correctness of the calculation.
So what is a machine learning model? A machine learning model is a computer program that is trained to make predictions based on large amounts of data.
For example, large language models such as ChatGPT are built on machine learning models.
As one of the largest success stories in crypto history, MakerDAO already has over $8 billion in TVL. It’s worth going back in time to learn more about Maker’s origins and how it got to this point in such a short period of time. recommended article:
"MakerDAO Elephant Turns: Detailed explanation of Spark, subDAO and Maker "Endgame""
In the context of MakerDAO, these RWAs provide a way to diversify collateral beyond traditional cryptocurrencies, thereby reducing the overall risk and volatility associated with crypto-collateralized lending. By integrating RWA, MakerDAO enhances the stability and appeal of its platform, providing DeFi participants with more exposure to traditional assets.
The closed online commerce promoted by large e-commerce platforms will turn to an open commerce system supported by Web3. recommended article:
"The next wave of consumers: Web3 is the new business layer of the Internet"
How big will this new model be?
-Global retail e-commerce sales surpassed $5 trillion for the first time in 2022, and total spending is expected to exceed $7 trillion by 2025, despite slower growth
-The annual growth rate (CAGR) from 2024 to 2028 is expected to be 9.83%
- At least 2.14 billion consumers shop online (28% of global consumers), with 291 million online buyers expected in the U.S. alone by 2025
-WooCommerce dominates the market among customizable e-commerce platforms with 39% market share (compared to Squarespace’s 15% and Shopify’s 10%)
05 Review
The first generation of Saga made a lot of money and the second generation is crazy. Backed by the two giant Buddhas of Aptos and Jambo, it only costs 99 dollars and is still in stock. Is the Jambo Phone worth thinking about? This review report is worth watching. recommended article:
"Buying a gold shovel for 99 dollars is a sure profit?" Please be sure to read this article before ordering a Jambo phone｜Jambo Phone comprehensive review》
Solana Mobile Saga is actually not the first Web3 concept phone, but the previous Web3 phones launched by HTC and Vertu were not successful. This is just because of the outstanding performance of the Solana ecosystem in the past six months and Solana Mobile's "game design" Innovation has pushed Saga to a level that far exceeds the hardware value of the phone itself.
But this thing that doesn’t seem too complicated and can be copied, Jambo has proved with practical actions that not everyone can do it well. I believe we will see more so-called Web3 phones in the future. Whether these devices can also become golden shovels and whether they are enough to obtain the premium price of Web3, the answer is obviously not an absolute "YES".
Finally, I wish that Jambo and the Aptos Foundation can provide more empowerment in subsequent updates of the Jambo Phone, otherwise this terrible phone will just sit in the cabinet with "alarm bells ringing."
06 Project Observation
Speculation is the lifeblood of the cryptocurrency market, and savvy opportunists often find new ways to bet on assets. Protocols like Aevo, Hyperliquid, and Whales Market offer users another way to bet on airdrops. recommended article:
"How to bet on popular projects in advance?" Overview of pre-launch protocol status》
Having reviewed the historical data, let's look at the current opportunities. As of today, there are a large number of unreleased tokens available for trading on Aevo and Hyperliquid.
Aside from Parcel and Portal, which just went public, there isn't much active trading going on. Looking at price performance, most tokens are performing well, with a few rising several times over the course of a few months.
How will the Bitcoin Layer2 "Anduro" and side chains incubated by Marathon Digital, the largest mining company in North America, promote the development of the Bitcoin network and ecosystem? recommended article:
"The fate of leading mining companies, a quick read on the Bitcoin L2 Anduro incubated by Marathon"
Anduro consists of three key components, namely Collective, sidechains and sidechain native assets. Collective manages the anchoring situation on the main chain, thereby anchoring the value of Anduro BTC to BTC at a 1:1 ratio. That is, BTC must be locked on the main chain to mint Anduro BTC, and to unlock main chain BTC, Anduro BTC must be destroyed on the side chain.
Additionally, Bitcoin miners produce blocks for both Anduro and Bitcoin and receive rewards denominated in Bitcoin from both networks. Collective also participates in the Anduro sidechain consensus by signing periodic blocks to promote MEV (Lightning Network Attack) resistance and fast finality.
As the first application chain and cryptocurrency derivatives exchange on Starknet, Paradex began to stand out and received official recognition and exposure from StarkWare. recommended article:
#sol #BTC #ETH #ordi #PEPE
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