1. Detailed explanation of “Real-time Ethereum” MegaETH
MegaETH, the upcoming L2 project billed as “real-time Ethereum” with sub-millisecond latency and the ability to process over 100,000 transactions per second (TPS), just announced $20M in seed funding at a valuation of over $100M! Click to read
2. Golden Observation | TVL increased by more than 1 billion US dollars in a single month. What is special about Symbiotic, which is benchmarked against EigenLayer?
On July 4, the total locked value (TVL) of the re-staking project Symbiotic officially exceeded 1 billion US dollars, and the project has been online for less than a month. Previously, Symbiotic's TVL reached 200 million US dollars just two days after its launch, and it has been rising since then, and its staking pool has reached the upper limit many times. When it announced the increase of multiple re-staking pool upper limits, the project's TVL soared 3 times that day. Symbiotic is also a project favored by Paradigm and Lido, and it raised 5.8 million US dollars in the seed round. As a new force in the re-staking track, many people in the industry regard it as a competitor of EigenLayer. Click to read
3. Re-deposit Wars: Do we really need so many re-deposit players?
The restaking war is heating up. Challenging EigenLayer's monopoly is another new Lido-backed protocol, Symbiotic. The latest entrants have competitive advantages in protocol design and BD partnerships. Before we delve into the latest competitive dynamics in the restaking space, we need to understand what key risks exist in the space. Click to read
4. The “ambitions” of CKB and RGB++
When the RGB++ protocol was first launched, the market was very enthusiastic and many people were discussing the impact of such a new technical protocol. The first use case of the "isomorphic binding" technology proposed by RGB++ combined the BTC network and the CKB network, which also triggered people's new understanding of the CKB network and new expectations for its future development. But after a while, as the enthusiasm gradually dissipated, it seemed to fall into silence. Click to read
5. What caused Bitcoin to fall below $60,000?
On July 3, the price of Bitcoin fell below the $60,000 mark — Mt. Gox could start releasing $9 billion worth of BTC. The price of Bitcoin has been on a downward trend since June, falling nearly 18% in the second quarter of 2024. Investors have been eagerly awaiting a breakout above $70,000 to pave the way for new all-time highs, but losing the current support of $60,000 could mean a longer price correction. Click to read
