Bitcoin is approaching the $100,000 mark. An inventory of the institutional forces behind more than 2.7 million Bitcoin holdings
Author: Nancy, PANews
Bitcoin has broken through the $97,000 mark today, setting a new record. As the price of Bitcoin continues to soar, calls for including Bitcoin in national reserve assets are growing louder around the world, and at the same time, many institutions are also accelerating their pace of increasing their holdings of Bitcoin.
According to the latest data from BitcoinTreasuries.com, PANews has reviewed the Bitcoin holdings of major institutions. As of November 21, 93 entities (ETFs, countries, listed companies and private companies, etc.) around the world publicly hold more than 2.728 million Bitcoins, accounting for nearly 13% of the total supply of Bitcoin. This trend further shows that institutional investors have gradually replaced retail investors as the dominant force in this bull market.
HackVC: Is Modularization a Mistake? A Data-Driven Examination of This Strategy by Ethereum
Written by: Alex Pack and Alex Botte, Hack VC
Compiled by: Yangz, Techub News
Abstract
Ethereum's performance in this cycle is not as good as mainstream coins like Bitcoin and Solana. At least from the perspective of critics, the culprit is Ethereum's modular strategic decision. But is that true?
In the short term, the answer is yes. We found that Ethereum's shift to a modular architecture has impacted ETH's price due to reduced fees and decreased token consumption.
When we combine the market capitalization of Ethereum and its modular ecosystem, the situation changes. In 2023, the value generated by Ethereum's modular infrastructure tokens is comparable to that of the entire Solana, both around $50 billion. However, in 2024, the overall performance of these tokens is not as good as Solana. Additionally, the profits from these tokens mainly belong to teams and early investors, rather than ETH token holders.
How do AI+DePIN, Hivemapper and its killer features bring about a revolution in map technology?
Author: Zen, PANews
With the emergence of electronic navigation maps, human travel and transportation methods have undergone tremendous changes. Traditional static maps have become a real, dynamic and real-time perceptible digital world.
According to Harley and Woodward, two of the most famous cartographers of our time: "A map is a graphical representation that helps spatially understand things, concepts, conditions, processes or events in the human world." Therefore, high-definition maps (HD Maps) with higher richness, accuracy and freshness will naturally become an indispensable new digital infrastructure for future autonomous driving and smart cities, especially for the highly automated (L4) and fully automated (L5) autonomous driving technologies. It is an indispensable "fuel".
Hackathon: Web3 innovation and technology summit summary
On October 31, 2024, the bustling city of Hong Kong welcomed a feast for blockchain technology enthusiasts - a unique Hackathon. The event was co-organized by three industry giants, APE, Arbitrum and DuckChain, hosted by Techub News, and well-known companies such as Ithaca Protocol, KUMA, Laguna Network and Foresight News also provided strong support for the event as partners.
This Hackathon is not only a technical competition, but also a collision of ideas. It provides a valuable platform for developers from all over the world to showcase their talents, exchange ideas, and jointly promote the development and application of blockchain technology. Here, every participant carries a passion and pursuit for technology and jointly explores the infinite possibilities of the Web3 world.
Exploring SOEX: Has it cracked the code for Web3 social interactions?
As an important means of linking people and promoting the circulation of information, resources and commodities, the importance and universality of social scenarios are self-evident. Due to their huge potential and value, social products have attracted much attention in the capital market, and major blockchain ecosystems are also actively accepting or integrating social elements. In the context of frequent data leaks, privacy scandals and algorithmic bias on the current Web2 platform, the Web3 social ecosystem has become a hot topic. "Native encrypted social applications" have become a key focus area for top institutions such as Paradigm, while Messari lists "decentralized social (DeSoc)" as a core area that needs to be focused on in 2024.
Can connecting to Meme Coin really be a win-win situation for Binance and the community?
Original | Odaily Planet Daily (@OdailyChina)
Author: Golem (@web3_golem)
On November 11, Binance announced the launch of spot trading of Meme coins ACT and PNUT. Subsequently, PNUT rose by 250% in a single day, and ACT rose by 2000% in a single day. The market value rose from 20 million US dollars to more than 300 million US dollars in a few hours. After the launch of Neiro, the "uppercase and lowercase Meme coin", Binance's move once again caused a fierce reaction from the market and the community. Some voices questioned the existence of a conspiracy group behind it, while others actively supported Binance to support the community and attempted to find and ambush the next Meme coin that could be listed on Binance.
[DeDe Weekly Report] The total market value of global digital currencies increased by about 13.06% compared with last week | 11.11-11.17
According to statistics from Dede Think Tank, as of 12:00 on November 17, 2024, there are 15,307 currencies in the global digital currency market. The total market value is $3,145,944,565,843 (about $3,145.9 billion). The total market value of digital currencies this week has increased by about $363.4 billion compared with last week, an increase of about 13.06%.
Most of the global mainstream digital currency markets rose last week
According to statistics from Dede Think Tank, as of 12:00 on November 17, 2024, most of the mainstream digital currency markets rose last week.
Among them, the price of BTC rose from US$79,340.97 to US$90,703.60, an increase of about 14.32%;
DePIN protocol Hivemapper released its report card for the second anniversary of its launch
Binance Research once wrote that "Decentralized physical infrastructure (DePIN) is one of the most interesting innovations in the cryptocurrency industry and is worth paying close attention to in the coming year. Solana has provided strong support for the development of DePIN and provided services for projects such as Helium, Render, and Hivemapper. This field currently has good development prospects. Take the community-driven decentralized map service Hivemapper as an example. The project has mapped 27% of the world's roads."
Today, Hivemapper Network has been officially launched for two years. What progress has been made in the past two years?
● Supply: Hivemapper is the fastest growing mapping project, having mapped 28% of the world’s road mass in just two years, a growth rate five times that of Google Street View. Despite hardware shortages in its second year, its map coverage is still expanding faster than other crowdsourcing mapping projects, even faster than some projects that rely on smartphones for mapping.
Decentralized GPU computing network DPIN officially launched in Dubai
On November 14, 2024, the world's leading decentralized GPU computing network DPIN was officially launched in Dubai, UAE, marking the platform's upcoming full launch. This milestone moment has attracted widespread attention, indicating that decentralized computing power will soon play an important role in the global digital economy.
DPIN is provided with a full range of technical solutions by QPIN Labs, a pioneer in technological innovation. At the launch event, Shawn Tham, CEO of QPIN Labs, delivered a keynote speech, in which he discussed in depth the importance of building a global GPU computing pool. He emphasized that decentralized computing power is not only the core driving force for the development of artificial intelligence (AI) and the digital economy, but also the key to future technological progress. Tham's speech resonated widely among the participants, demonstrating the huge potential of the DPIN project and its leading role in the industry.
The amount of money stolen from Dexx platform may reach tens of millions of dollars? Is it due to private key leakage or other reasons?
On November 16, 2024, the Dexx platform exposed a major security incident in which a large number of user assets were stolen. According to the preliminary investigation of the Beosin security team, the cause of the incident was suspected to be the leakage of the centralized private key. Since the incident, hackers have continued to perform multi-threaded transfer operations on user assets and stole a large amount of user assets.
Incident review and hacker behavior analysis
The Beosin security team analyzed and found that the earliest transfer time should be 2024-11-16 04:47:23, with the characteristics of multi-threaded transfer, and it is speculated that the attack was carried out by the same attacker. Looking at the previous addresses, it is speculated that the attacker transferred the tokens according to the victim's address balance after conversion and sorting in descending order of value. It is necessary to obtain the currency price of all transferred tokens on November 16, and then calculate the value to verify whether it is the rule. If it is in line with the rules, it is further strengthened that it is the same attacker.
TRON TRX price hits a six-year high, SunPump helps TRON ecosystem development
Recently, the price of TRX, the native token of the TRON network, has risen strongly, breaking through the $0.18 mark, setting a new high since January 2018. According to CoinMarketCap data, TRX rose by 9.8% in 24 hours, with a trading volume of $2.2 billion and a total market value of over $15.3 billion, ranking tenth in the global cryptocurrency market value. As TRX's market performance has once again attracted attention, the rise of the SunPump platform in the TRON ecosystem has also attracted much attention, becoming a key force in promoting the prosperity of the TRON Meme ecosystem.
SunPump Meme ecosystem expands across the board, leading TRON on-chain innovation
On-chain housing platform Propy launches Coinbase custody service and high rewards
Author: Weilin, PANews
Purchasing real estate with cryptocurrency is becoming the choice of more and more American homebuyers. In the last round of the 2021-2022 bull market, according to a survey by the US real estate trading platform Redfin, about 11.6% of first-time homebuyers in the United States said in the fourth quarter of 2021 that selling cryptocurrency helped them pay the down payment for the property, a significant increase from 9% in the third quarter of 2020.
Based on this trend, on October 24 this year, Propy, a star real estate project in the RWA track, launched a cryptocurrency third-party custody service based on the Coinbase Prime platform and services to solve the troubles of up to 11.6% of real estate buyers. At the same time, Propy also announced the launch of the highest reward event in the history of Coinbase Wallet.
Quick read of Justin’s new proposal for Ethereum consensus layer
Written by: Tia, Techub News
At the Mainstage of Devcon in Thailand yesterday, Ethereum researcher Justin Drake made a speech to launch the Beam Chain proposal. Beam Chain is Justin's proposal to redesign the Ethereum consensus layer. This proposal is a further upgrade of Beacon Chain to further move towards the ultimate vision of Ethereum. This article will take you to a quick look at the goals of the Beam Chain proposal improvement and its related technical implementation.
Although it is a redesign of the consensus layer, Beam Chain will still use Ethereum tokens and will not issue new tokens or new networks.
Interpreting Hong Kong’s crypto ambitions from the OSL selected sandbox projects
For Hong Kong, digital asset finance is a historic train that cannot be missed.
Since the official release of the Virtual Asset Policy Declaration on October 31, 2022, Hong Kong has become one of the most determined and active jurisdictions in embracing Web3 and digital assets among the world's international financial centers. From the Hong Kong government's clear and solemn policy commitments to the institutional support at the executive level of the Securities and Futures Commission, the Hong Kong Monetary Authority and other agencies, Hong Kong is striding towards the forefront of innovation in digital asset finance.
Among them, the tokenization of real-world assets (RWA) is a key part of the Hong Kong government's digital asset financial strategy. In particular, on August 28, 2024, the Hong Kong Monetary Authority officially launched the "Ensemble" sandbox program, which will use experimental tokenized currencies to promote interbank settlement and focus on tokenized asset transactions. This marks the Hong Kong government's forward-looking layout in the field of tokenized assets and also demonstrates Hong Kong's determination to become a global RWA tokenization center.
【MetaEra US Zone】Major launch: Welcome the new crypto storm after the US presidential election
On November 14, MetaEra officially launched [MetaEra US Zone]. Through vertical sections such as "Policy Tracking", "Industry News", "Selected Compilation", and "US News", it provides users with an accurate US Web 3.0 information window, allowing Chinese-speaking users to more quickly feel the development context and regulatory policies of Web 3.0 from the North American continent.
【MetaEra US Zone】Introduction
This is another masterpiece following the launch of the [MetaEra Hong Kong Zone] on October 22. Through the [Hong Kong Zone], MetaEra is committed to more focused and in-depth depiction of the policy direction, ecological landscape, influential figures, and development trends of the Hong Kong Web 3.0 industry, and comprehensively strengthen the cooperation and exchanges between global and Hong Kong Web3.0 industry builders.
Ten years to make a coin, analysis of the flywheel effect of HashKey ecological coin HSK
Author: Nancy, PANews
Last week, Trump's victory blew the horn of the crypto bull market. As Bitcoin took the lead in breaking through the historical high, market sentiment became more and more positive, and investor confidence gradually recovered, paving the way for the acceleration of the mainstreaming of cryptocurrencies. Unlike in the past, under the background of the gradually tightening global regulatory environment, the focus of this bull market has shifted to innovation and competition within the compliance framework.
A new cycle is bound to bring about a new narrative. For a long time, "compliance" was not a business that everyone could do. It was a consensus that it was costly and well-received but not popular, and there were naturally high barriers. But we must also face up to the fact that the era of regulatory arbitrage in Web3 has ended. After Trump was elected as the new president of the United States, he will inevitably lead a "policy bull market". "Compliance funds" from traditional financial institutions will enter the market as an incremental amount, which also means that the capital structure and competition landscape of the crypto market will undergo profound changes.
Review of the doubts surrounding Polymarket: The bigger the fire, the more calm we should be
Written by: Yangz, Techub News
Polymarket is undoubtedly the most popular Web3 application behind this US election. When major mainstream media such as the Wall Street Journal were still predicting the voting results in key swing states, this decentralized prediction market founded by the 26-year-old "prodigy" Shayne Coplan had already made the judgment of "Trump's victory" in advance. In the past few days after the election "dust settled", there has been a discussion in the circle about whether Polymarket belongs to the Ethereum ecosystem, hoping to use the popularity of Polymarket to save some "face" of the Ethereum ecosystem. Although Polymarket is sought after by many bigwigs such as V God and is regarded as a "truth machine", the platform has also been subject to various controversies. This article aims to take stock of the various doubts surrounding Polymarket, hoping to look at this platform rationally. After all, the more popular it is, the calmer you have to be.
Trump wins the election, takes stock of Trump-related cryptocurrency assets
Written by: J1N, Techub News
Compiled by: Tia, Techub News
Trump's campaign has been full of twists and turns. From gradually gaining an advantage in the early competition with Biden, to Kamala Harris joining the election, which once dimmed his hopes of winning, to gaining public support from technology giant Elon Musk, which injected new impetus into his campaign. Today, the cryptocurrency community and many technology companies are gradually moving closer to Trump on social media, further adding broad support to his campaign. Although the official results have not yet been announced, Trump is already determined to win and has delivered a victory speech. If nothing unexpected happens, he will become the 47th President of the United States. As a cryptocurrency-friendly person, affected by his potential policies, the price of Bitcoin hit a new high today, breaking through 76,000 USDT at one point and soaring to a high of 76,400 USDT.
Will this be the year for AI agents to be implemented in the crypto world?
AI meme is leading the MEME craze with its rising momentum. Coingecko data shows that the total market value of AI meme has soared to US$2.4 billion.
Recently, GOAT has achieved an astonishing thousand-fold increase in just one week after its launch. On October 24, OKX and Binance launched the GOAT contract successively, making GOAT's market value reach a maximum of 800 million US dollars, firmly ranking as the leader of AI meme.
GOAT is an idea that AI Bot "Terminal of Truth" came up with while talking to itself. When a third party released GOAT through Pump.fun, Terminal of Truth quickly wrote the token into its own database, actively promoting the market sentiment of GOAT by interacting with users in a culturally resonant way.
Authors: Brian Quintenz, Policy Lead at a16z Crypto, Michele Korver, Regulatory Lead, and Miles Jennings, General Counsel.
We have received numerous inquiries from cryptocurrency founders asking what the recent elections mean for their projects. We told them that we have a rare opportunity to bring the best of cryptocurrency to the world, building on the bipartisan progress of the last Congress.
In the coming months, we expect to hear a range of speculation and "hot takes" on what will happen regarding legislation and regulation—most of which is just noise. In fact, it is still too early to judge how everything will change, but we know it is important for the industry. We are very optimistic that the government will now promote innovation, accelerate progress, and allow the crypto ecosystem to thrive in the U.S.