Web3 News Digest-20240522
Cryptocurrency Market Dynamics and Investment
BlackRock Submits Ethereum Spot ETF Application: Confirms that Ishares Ethereum Trust does not involve Ethereum staking, showing that traditional finance continues to be interested in crypto assets but adopts a relatively conservative strategy.
Stripchain Completes Ten Million Dollar Financing: Emphasizing the importance of blockchain interoperability protocols, Stripchain's uniqueness lies in its transaction layer focus and authority proof system, which has attracted investment from many well-known venture capital firms.
WeatherXM Network Successfully Raised: Raised $7.7 million to develop a decentralized weather network, improve forecast accuracy through Web3 technology and crypto incentives, and demonstrate the potential for blockchain technology to be used in non-financial fields.
Kelp Protocol Completes Token Financing: Ethereum re-staking protocol Kelp raised $9 million, aiming to enhance market liquidity by issuing governance tokens and liquidity re-staking tokens (rsETH), reflecting innovation and capital flows in the DeFi field.
Market Observation and Analysis
Project Valuation Inversion Phenomenon: Studies have shown that many blockchain projects have inflated valuations in the primary market, and more than 60% of project valuations may be overestimated, suggesting that the market needs to be more cautious in assessing risks and returns.
Ethereum call option trend: Market sentiment is bullish, and Ethereum call option fees for all expiration dates are higher than put options, suggesting investors' expectations of future price increases.
Industry dynamics
Animoca Brands invests in Open Campus: Increase support for Web3 education protocols and express optimism about blockchain applications in the education field by purchasing more EDU tokens.
Vitalik Buterin frequently transfers ETH: Small transfers through the privacy protocol Railgun have attracted the community's attention to his movements. Although the specific purpose is unknown, it shows the application of privacy technology.
Large-scale crypto asset flows: Multiple reports mentioned large-scale cryptocurrency withdrawals and transfers, involving tokens such as PEPE and ETH, reflecting the activity of large players in the market and their possible impact on the market.
OKX Ventures invests in Monad Labs: Further promote the development of Web3 innovation and decentralized computing, showing the importance of technological progress and cooperation within the industry.
Microsoft Build 2024 Developer Conference: Released multiple updates, among which the preview of OpenAI's new model was particularly eye-catching, foreshadowing the possible deep integration and innovation of AI and blockchain in the future.
Terraform Labs executive dynamics: The whereabouts of Do Kwon and former executives and possible Montenegrin government connections, although unconfirmed, have increased the heat of the discussion on regulation and legal responsibility in the crypto space.
