1. Multicoin: Why we are optimistic about Drift and have accumulated a large number of DRIFT positions
On September 11, 2024, Multicoin Capital released a 25-page research report analyzing DRIFT's valuation model and price target, and stated that it has accumulated a large number of DRIFT positions in its liquidity and venture funds. Multicoin Capital values DRIFT at $3.58, more than 7 times higher than its current market price. Click to read
2. Wall Street Journal: Shadow Dollar Tether: An underground economic system beyond US jurisdiction
A giant unregulated currency is undermining America's fight against arms dealers, sanctioned individuals and fraudsters. Almost as much money flowed through its network last year as did Visa cards. And it recently made more profit than BlackRock with a fraction of its staff. Click to read
3. Symbiosis or separation? What is the relationship between Layer 2 and Ethereum?
Ethereum has been in a bit of a rut lately. Sentiment is low, with critics quick to point out that ETH is underperforming SOL, while largely attributing this to L2’s market share and user churn. This narrative has sparked a crucial debate: Is L2 Ethereum? The answer, like most things in crypto, is a perfect mix of confusion and simplicity. So let’s take a closer look at both sides of this argument and explore the relationship between Ethereum and L2. Click to read
4. Bitcoin: The biggest opportunity in Web3
Bitcoin was created in 2008 as a digital currency, initially used for payment purposes, and over time it evolved into a store of value. With the rise of retail-focused Layer-1 and Ethereum Layer-2, Bitcoin's utility is ripe for disruption. There is currently $240 billion in Bitcoin "hot money" (3.4 times the total locked-in value of the entire Ethereum ecosystem) to capture and build on. Click to read
5. Harris vs. Trump first debate: tariffs, immigration, Gaza and other issues, who will win
At 9:00 am on September 11th, Beijing time, the debate between Trump and Harris was held at the National Constitution Center in Philadelphia, Pennsylvania. The two mentioned issues such as the US economy, women's abortion, immigration, the Gaza War, the Russia-Ukraine War, and the Afghanistan War. Golden Finance summarizes the content of the debate between the two sides as follows. Click to read
