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BasicsResearch

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BasicsResearch

@BasicsResearch

Focusing on developing early stage projects with an edge of longevity in the infrastructure and ecosystem of blockchain industry.

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Over 400 applications, 500 on-site visits, and 60 interviews later, our team is committed to supporting the crypto community through this bearish market.

Together, let's navigate the challenges, empower long-term projects, and build a stronger future.

#CRYPTO #token2049

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WETH have exposure like WBTC?

WETH is Wrapped Ether. WETH is not generated by pledging BTC like WBTC. It is a contract that wraps ETH into WETH, and it is almost impossible to make mistakes.

This contract holds billions of dollars of ETH, and users can exchange ETH for WETH or WETH for ETH at any time.

Why is WETH needed?

ETH can be used as a fuel fee on Ethereum, but it was born earlier than the ERC-20 format and is not an ERC-20 standard token.

In Ethereum’s on-chain operations, authorization is required when using ERC

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The difference of Ethereum node clients between a16z and Paradigm

a16z and Paradigm have developed Ethereum node clients respectively, both of which are implemented in Rust, but there are some differences:

a16z's Helio focuses on light node clients, which may make small devices connected to the network more secure in the future (compared to using third-party RPC);

Paradigm's Reth focuses on implementing modularity and performance in the client.

by Mr Pan.

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EIP-4844 can reduce the rollup overhead by a factor of 10-100x.

It introduces a new transaction type with an additional blob location to store rollup data and to create a new, lower cost fee market.

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In the past 7 days, net money flows of some CEX:

Binance is up half a billion dollars

Other exchanges:

OKX is down $700m

Kucoin is down $300m

Bitfinex $380m

Kraken $233m

Huobi $290m

Gate $60m

Binance is fkin killing it

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Department of Justice seized $3.4 billion #Bitcoin connected to Silk Road - the largest Bitcoin seizure ever!

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META is planning for massive layoffs this week.

Tech companies in free fall destruction mode.

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Alameda seems dumped Solana to cover withdrawls already!

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Whether to set NFT royalties and how much to set should be decided by the creators, not the marketplace. Initially, the trading platform played this role as a substitute, and now it is time to give it back to the creators!

https://opensea.io/blog/announcements/on-creator-fees/

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Congrats to Meeiro, one of the most powerful launchpad in Aptos ecosystem. Let's rock!

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FRIGHTENING — The Justice Department revives a probe into Tether for fraud.

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BTC has a four-hour top and divergence signal, and there is an expectation of a callback!

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Germany inflation reaches 10.4%, the highest ever recorded.

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What about the new logo for twitter?

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Twitter CEO & CFO were reportedly escorted out of the company headquarters. Guess what's the future of DOGE?

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miner Core Scientific stock is down over 70% today.

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Meta collapsed after earning reports

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ETH deflationary era is coming!

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NFT market all over the place.

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It feels that the NFT market has entered an era where Marketplaces are everywhere, a bit like the FT market in 2019, when the market was full of exchange projects.