On July 25, 2024, the Golden Music Festival 2024 Global Tour Thailand Station came to a successful conclusion in Bangkok.

This electronic music festival is hosted by Golden Finance and sponsored by Alterverse; co-hosted by Change, Pika, CoinHome, Liquidity Slicing Protocol (LSP), Gomars, CoralApp, JuCoin, BitTV, BrokenBound, and TLD; and specially supported by BiKing, ByToken, ANGEL·X, digibuy, FINAL GLORY, and ANOME.

The Golden Music Festival is an electronic music exchange party for the Web3 industry hosted by Golden Finance, which brings together Web3 industry practitioners to exchange industry information and wealth codes. Since its launch in June 2019, the Golden Music Festival has been held in Shanghai, Shenzhen, Hong Kong, Singapore, Kuala Lumpur and other cities, connecting the entire crypto industry.

Edu3Labs is at the forefront of combining education with blockchain technology to create a platform that benefits content creators, learners, and NFE token holders. We had an in-depth conversation with its founder, Mustafa Guler, to discuss Edu3Labs' mission, impact, and innovation. Here are the details of the interview:

Could you please briefly introduce Edu3Labs?

Edu3Labs combines education with blockchain technology to create a decentralized, personalized, and incentivized learning experience. Our platform is designed to make learning more engaging and rewarding.

Author: Biteye core contributor Viee

Editor: Crush, core contributor of Biteye

Community: @BiteyeCN

*The full text is about 3700 words, and the estimated reading time is 8 minutes

In the past two days, the open source artificial intelligence development platform Sentient announced the completion of an $85 million seed round of financing, aiming to break the dominance of centralized AI model development in the industry. This huge amount of financing has attracted much market attention.

It was disclosed that this round of financing was co-led by Peter Thiel's Founders Fund, Pantera Capital and Framework Ventures. Other investors included Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, etc.

Author: Biteye core contributor Fishery

Editor: Crush, core contributor of Biteye

Community: @BiteyeCN

*The full text is about 4,500 words and the estimated reading time is 5 minutes

DePIN, or Decentralized Physical Infrastructure Networks, refers to a network system that connects and manages physical hardware devices in a decentralized manner. Although the concept was officially named by Messari through a Twitter vote in November 2022, the concept and practice behind it have existed for many years.

In the two years since the unified name DePIN was established, despite the industry's heavy publicity, we have to admit that we have not seen many eye-catching emerging projects.

Author: Wilson Lee, Biteye core contributor

Editor: Crush, core contributor of Biteye

Community: @BiteyeCN

*The full text is about 4,500 words and the estimated reading time is 10 minutes

Farcaster is a decentralized social network protocol that uses smart contracts and hybrid storage technology to achieve social connections, content sharing and data ownership among users, while supporting diversified and flexible client and application development. In March this year, the memecoin project Degen in the Farcaster ecosystem attracted widespread attention with a more than 20-fold increase and a market value of more than 1 billion US dollars, making the Farcaster ecosystem the focus of attention.

Please indicate when reprinting from the "Biteye" community

Author: Biteye core contributor Viee

Editor: Biteye core contributor Crush

Community: @BiteyeCN

*The full text is about 3,000 words, and the estimated reading time is 5 minutes

"Never sell your Bitcoins," Trump said at the Bitcoin 2024 conference in Nashville this weekend, providing the currency circle with the strongest emotional value in recent times.

During Trump's speech, Bitcoin staged a V-shaped trend. First, it fell short-term, losing $67,000. At the end of the speech, when he announced that Bitcoin would be listed as a strategic reserve asset, Bitcoin rose straight up and regained all the value. The decline even exceeded $69,000.

Web3 intelligent investment research platform @cryptohunt_ai announced the Chinese KOL influence list. It comprehensively evaluated the influence of KOL and ranked it. Is there any KOL you like in it? Biteye is fortunate to be ranked 16th. We will continue to provide more cutting-edge research in the future, go for it!

The following is an introduction to the 100 KOLs on the list. If you don’t know which KOLs are more influential in the circle, this list can provide you with a reference (only sorted according to their attention, not investment advice).

For the complete list, please see:

https://www.cryptohunt.ai/KOL

Only the top 100 were announced. Do you think this list is accurate? Which KOLs were left out? Welcome to leave a message for discussion.

Earlier this month, Sony Group, with a market value of more than $100 billion, announced the acquisition of Amber Japan to enter the field of crypto trading platforms. The Japanese crypto market has formed a relatively isolated ecosystem due to huge language barriers. However, due to its unique art and culture, it has become a fertile ground for the development of related projects and products such as GameFi, NFT, and AI-generated art. On July 27, THENA and SheFi held an offline event "GM Meetup Tokyo" in Shibuya, Tokyo's most prosperous business district. Co-organizers also included Curvegrid and GreenPill Japan; at the same time, special thanks were given to partners Orbs and Rise for their strong support. THENA, as the leading DEX in the BNBChain ecosystem, specially invited local Japanese media partners and communities KudasaiJP, Pacific Meta, and Orbs, Polygon, Mask, Rise, etc., which also have a large Japanese community, to participate in discussions on Web3 industry-related issues in order to deepen the Japanese market and strengthen cooperation with partners.

1. Last June, you said that you should save enough for 18 months of living expenses before considering investment. Now a year has passed, and you still say that you should save enough for 18 months. Shouldn’t there be 6 months left?

What I want to express is: at any time, you should ask yourself, do you have enough living expenses for 18 months? If not, you should save enough living expenses before considering other things.

I don't see any substantial improvements in any area for at least the next two years that we can see.

For example, recently the economic data of Guangdong Province for the first half of the year were released. From the data, we can see that there is still no positive improvement in various aspects.

Author: Kyle

Review: Lemon

Source: Content Guild - News

Have you noticed any green elephants lately? Have you heard the greetings of “gm dumdumz”? Recently, the entire Arweave community has been infiltrated by Dumdumz, and the whole incident may be traced back to the rise of the “avatar changing trend”.

Arweave community re-emerges with avatar-changing trend

About a year ago, the Arweave community ushered in the first trend of changing avatars, and many core builders switched to the Permaweb mfers NFT series.

Permaweb mfers are of special significance. They were one of the first atomic assets (Arweave’s native NFT standard) to be listed on the BazAR exchange. They sold out within just a few hours of their release, but did not attract wider market attention afterwards.

At 22:00 (UCT+8) on July 26, 137Labs and Kelp DAO jointly held an X Space AMA with the theme of "The impact of the launch of ETH spot ETF trading on the re-staking track". This event focused on the potential impact of the launch of the US ETH spot ETF on the Ethereum ecosystem and the re-staking track, and how Kelp DAO will respond to this change, and discussed its future development plans and strategies. In addition, Kelp DAO mentioned the $KELP economic model and TGE-related initiatives for the first time in the AMA. The following are the details and key points of the AMA.

1. The US ETH spot ETF started trading on July 23. What impact will this have on ETH liquidity, price, POS mechanism, and ecology? The US ETH spot ETF started trading on July 23, which has had a significant impact on Ethereum's liquidity, price, PoS mechanism, and overall ecosystem. Drawing on the experience of the launch of the Bitcoin ETF, its initial price fell and then rose in the following months, and Ethereum has also shown a similar trend. In the early stage, funds flowed from existing financial products to the new ETF, thereby enhancing liquidity. Although there may be price fluctuations in the short term, the long-term outlook remains optimistic, and Ethereum prices are expected to rise by the end of the year. This development indicates that Ethereum's acceptance in mainstream finance is increasing, which may strengthen its PoS mechanism and consolidate its position in the broader crypto ecosystem. In terms of capital flow, the ETH ETF has achieved the expected attraction of 20-30% of BTC ETF funds, which is consistent with the market size of the two. Therefore, despite the initial price drop, the medium- and long-term prospects of ETFs for ETH remain bullish. 2. In the context of the launch of the ETH spot ETF, what opportunities and challenges are there for the re-staking track? Against the backdrop of the launch of the ETH spot ETF, the re-staking track faces multiple opportunities. First, the approval and success of the spot ETF opens the door to future innovative products such as the staking Ethereum ETF. This will attract traditional financial investors and turn their passive holdings into yield assets by offering 3-4% staking rewards. The concept of re-staking, which is to use Ethereum to provide security for other projects besides the Ethereum network, further amplifies potential returns through mechanisms such as re-staking. Platforms such as EigenLayer have successfully re-staking more than $15 billion in assets, demonstrating strong market demand and product fit, and emphasizing the importance of economic security in new projects. KelpDAO is working with Laser Digital, the crypto arm of Nomura Bank, to create and promote a re-staking ETF. This may enable these ETF holders to obtain higher returns than simply holding spot ETFs. 3. What are the core advantages of Kelp DAO? How is it different from projects in the same track? The core advantage of Kelp DAO lies in its comprehensive approach to optimizing re-staking rewards, as well as its rigorous due diligence and risk assessment framework.Compared to other projects in the same track, Kelp DAO enables retail investors to participate in re-staking without having to conduct extensive research by outsourcing the complex and time-consuming risk assessment and project evaluation process. Kelp DAO plans to implement a clear risk framework to analyze the slashing risks associated with each project, and ultimately rely on the decisions of Kelp token holders to determine which projects should be served. This decentralized decision-making process ensures that the community has the final say, similar to other DAOs such as Aave, but with a focus on re-staking and economic security. In addition, Kelp DAO plans to expand beyond re-staking in the future and provide other innovative products to provide more value to users. This multi-faceted approach not only simplifies the re-staking process, but also aims to maximize returns while reducing risks, making Kelp DAO stand out from other projects in the same track. 4. In the context of the launch of ETFs, how does Kelp DAO adjust its strategy to maximize the benefits of users and the platform? In the context of the launch of ETFs, Kelp DAO plans to adjust its strategy to maximize the benefits of users and the platform by developing a strong risk framework and preparing for the upcoming slashing activation. With slashing expected to be enabled by the end of the year, Kelp DAO will need to implement its comprehensive risk framework to ensure that only legitimate and safe projects with a good risk-reward ratio are selected for re-staking. By carefully evaluating and verifying projects, Kelp DAO aims to protect its more than 40,000 re-stakers from unnecessary risk while optimizing staking rewards. This adjustment is critical to maintaining user trust and maximizing returns from re-staking activities, ultimately establishing Kelp DAO as a reliable and user-centric platform in the ecosystem. 5. What important milestones does Kelp DAO's medium-term roadmap include? What does it mean to support other blockchains such as BSC, Solana, and BTC? Kelp DAO's medium-term roadmap includes multiple key milestones aimed at expanding and enhancing its re-staking capabilities and overall platform functionality. One of the important milestones is responding to the community's demand for a low-cost re-staking solution, supporting native re-staking on nine different L2 chains including zkSync, Arbitrum, and Blast. This native re-staking method is more robust than simply bridging tokens across chains, allowing users to earn various tokens such as ZK, Blast, and Linea while receiving rewards provided by chains such as Arbitrum and Optimism.Another important milestone is research and potential support for restaking on other blockchains such as BNB, Solana, and BTC. This expansion aims to diversify the restaking options available to users, allowing them to optimize staking rewards across multiple blockchain ecosystems. Additionally, Kelp DAO is developing innovative products to simplify the lives of Lu Airdrop users, allowing them to stay updated on market activity without constantly monitoring their wallets. These upcoming products are expected to be released within the next month and are expected to significantly increase Kelp DAO’s total value locked (TVL), making it a leader in the market. 6. We have seen the recent cooperation between Kelp DAO and Arbitrum, Optimism, zkSync, Scroll and Blast. How can Kelp DAO's multi-chain re-pledge service achieve a win-win situation for the public chain, projects and users? What strategies do we have to attract and retain users? Are there any recommended strategies for maximizing revenue from numerous joint activities? Kelp DAO's multi-chain re-pledge service achieves a win-win situation for the public chain, projects and users by integrating multiple Layer 2 (L2) solutions (such as Arbitrum, Optimism, zkSync, Scroll and Blast). This strategy allows users to enjoy the benefits of re-staking on Ethereum while taking advantage of the low transaction costs and additional rewards provided by these L2 networks. By providing native re-staking support on these chains, Kelp DAO allows small users to participate without incurring high mining fees, making the process accessible and cost-effective. This in turn increases the user base and activity of these L2 networks, boosting their growth and adoption. The project benefits by attracting user participation, improving security and interactivity, and users earn more through additional airdrops and rewards. In order to attract and retain users, Kelp DAO uses a variety of strategies. A key approach is to create a comprehensive incentive system that rewards users not only through the usual staking rewards, but also through participation in additional airdrops and tokens provided by L2 projects. This multi-layered incentive structure ensures users receive generous rewards on their restaking activities, making the platform more attractive than traditional staking options. 7. The economic model of $KELP has not been disclosed. Can you share the economic model of $KELP?$KELP’s economic model includes ensuring that the portion of the supply allocated to airdrops is meaningful and attractive to users. This means that airdrop allocations are designed to provide significant value to the community, encouraging participation and interaction. Additionally, a significant portion of the supply is allocated to community initiatives, underscoring Kelp DAO’s commitment to nurturing an active community around its ecosystem. The $KELP token will have multiple uses, starting with governance. In the context of restaking projects, governance is crucial as it allows token holders to choose projects with good risk rewards. This is particularly important to ensure that the community can make informed decisions about which projects to support, thereby enhancing the security and profitability of the entire ecosystem. In addition to governance, other features such as revenue sharing and profits from participating in the re-staking ecosystem will be introduced in due course. These features will enable $KELP holders to benefit directly from the financial success of the platform, aligning their interests with the growth and sustainability of the Kelp DAO ecosystem. Kelp DAO plans to launch several new projects in the coming months that will further clarify the value of the $KELP token. The first product will be launched in less than a month and is described as a unique product never seen before on the market. A second product is also in the works, and its release date is currently uncertain. TGE will be conducted after the launch of these products to maximize their impact and integration with the ecosystem. However, the specific time is relatively flexible. TGE may also be carried out after the first product is launched and the second product is announced. We will make announcements in a timely manner, so please stay tuned. These new projects will position Kelp as an aggregator of various restaking-related products, increase its overall valuation and differentiate itself in the market. By building a suite of innovative products, Kelp DAO aims to create a comprehensive platform that offers a range of services that enhance the user re-staking experience compared to other projects. This multi-product strategy is expected to significantly increase Kelp’s valuation and establish its leadership in the rehypothecation space. Overall, $KELP’s economic model is designed to ensure long-term growth and community engagement through meaningful airdrops, community-oriented distributions, and a variety of token uses that benefit holders and the ecosystem.8.$Kelp What is Kelp's view on high FDV and low circulation? What specific measures will be taken? Kelp DAO is cautious about high FDV and low circulation. The team behind Kelp is clearly focused on keeping operations lean and prioritizing the interests of the community. Despite the ability to raise more funds, Kelp DAO chose to raise only $9 million to avoid excessive dilution and retain more control over the project. This approach is in stark contrast to many projects that allocate large amounts of tokens to private investors and venture capital. The founders of Kelp, who are also the founders of Stader, learned valuable lessons from previous experience. Stader raised $40 million in 2021 and reached a valuation of $1 billion at the peak of Luna's price. However, they found that it did not take such a large amount of money to manage a crypto company. Applying this insight to Kelp, they decided not to transfer a large amount of equity and token holdings to venture capital and private investors. Kelp DAO's strategy is to ensure that the community is always at the core and avoid large amounts of tokens being held by venture capital, which may prioritize their own profits rather than community well-being. The exact value of the fully diluted valuation will depend on the macroeconomic outlook at the time of the Token Generation Event (TGE), so this is a time-sensitive decision. However, it is clear that Kelp DAO is committed to designing a token that will not harm the interests of retail investors. By prioritizing a community-first approach and controlling token distribution, Kelp DAO aims to create a sustainable and fair economic model that benefits all stakeholders. Conclusion This AMA event explored in depth the impact of the US ETH spot ETF on the Ethereum ecosystem and the re-staking track, and demonstrated Kelp DAO's response strategy and future development plan in this context. Kelp DAO is committed to providing users with safe and efficient re-staking services through its innovative re-staking solutions and a strong risk management framework. At the same time, the current market pain points were analyzed and strategies for changing pain points were shared. Can Kelp DAO continue to explore upgrades, promote the development of the re-staking field, and bring more benefits and value to users? Let us wait and see, what do you think about this? Welcome to discuss in the comment section

I first wrote about Aggregation Theory in the context of crypto in March 2022. Since then, I have closely observed how aggregation platforms have performed in several investment institutions’ portfolios.

●    Hashflow’s transaction volume has exceeded 18 billion USD.

●    Gem was acquired by OpenSea.

●    Layer3 has expanded to 4.5 million wallets.

Layer3 is particularly special because it was the last trade I processed from LedgerPrime before FTX collapsed. I wish I could claim this was a result of superior foresight, but in reality it was somewhat random. However, in hindsight, it is worth revisiting Aggregation Theory and exploring patterns that founders can exploit to scale their businesses.

Original title: "Can you make money using the dumbbell strategy in this bull market?" Original author: Viee, Biteye

Can you make money using the dumbbell strategy in this bull market?

Today I’m going to share with you a strategy that can make a lot of money while avoiding losing everything: the dumbbell strategy.

The performance of the following crypto assets was analyzed by the indicator:

BTC is the eternal king: BTC.D Index

TH lags behind BTC in this phase: ETH/BTC exchange rate

Altcoins are generally sluggish: (1) Altseason Index (2) Altcoin market capitalization

Memecoin has high risk and high return, outperforming BTC and ETH: Memecoin Index

01 What is the dumbbell strategy?

Original title: "August Window Will Be a Major Inflection Point for Crypto" Original author: Digital Asset Research Original translation: Peisen, BlockBeats Editor's note: Digital Asset Research shows the high probability of major events or news from August 6 to 12 through detailed time range, price range and time angle data. The article also compares the current market cycle with previous cycles, points out the time pattern of market trend changes, and provides sufficient evidence in combination with monthly and weekly chart analysis.

Early this morning, at the Bitcoin 2024 conference held in Nashville, former US President Trump appeared and delivered a nearly one-hour speech. Although it was delayed by one hour from the original time, tens of thousands of audience members were still in high spirits during Trump's highly personal speech.

This is Trump’s campaign manifesto to the American cryptocurrency community. BlockBeats compiled the text as soon as possible, hoping that everyone can feel the scene from the text.

TL;DR

· Bitcoin's market value has been increasing since its birth, and it will soon surpass silver and gold in the future

The market goes up and down. In July, BTC and ETH, which dominated the market, rebounded quickly after another price drop, completing a new short-term bottom.

In this rebound, we will find that each track in the entire industry has performed well, whether it is the old concept of public chain, L2 or Bitcoin ecology, Memecoin or AI.

However, by comparing the extent of the price rebound of tokens in various tracks, it can be concluded that the tracks with Meme or Memecoin attributes are the strongest. For example, PEPE, WIF, FLOKI and even WEN, the outstanding Meme projects in this cycle, are all rebounding rapidly.

Bitkoala Finance learned that the Hong Kong Stablecoin Issuer "Sandbox" was launched in March this year. It is one of the measures taken by the HKMA to promote the sustainable and responsible development of the Hong Kong stablecoin ecosystem. Through the "Sandbox", the HKMA allows institutions that intend to issue stablecoins in Hong Kong to test their operation plans and conduct two-way communication on the proposed regulatory requirements to formulate a regulatory system that is fit-for-purpose and risk-based. The issuance of stablecoins by JD CoinChain Technology (Hong Kong) marks the first entry of JD Technology Group into the cryptocurrency market. The announcement of the issuance of stablecoins at a time when Hong Kong is vigorously deploying stablecoins shows that JD is still actively exploring the development direction of the blockchain field.

There has been a lot of discussion around long ETH beta trades, with most people believing that with the successful passage of the ETH ETF, ETH will rise again, opening up room for ETH beta to rise. While this is a logical idea, does the data support this view?

Research data from research firm ASXN shows that during the observation period, ETH beta underperformed ETH in absolute terms and after risk adjustment. In addition, all observed tokens, except SOL and ENS, underperformed BTC in relative and risk-adjusted terms. Asset performance varies more across cycles, and altcoins have generally performed poorly in this cycle, making asset selection more important than ever.

If nothing unexpected happens, the Ethereum spot ETF is expected to start trading on July 23 (Tuesday), allowing investors to buy the second-largest cryptocurrency by market value in the form of shares. Bitkoala learned that sources revealed that the U.S. Securities and Exchange Commission may approve at least three funds to enter the market on the same day, but a total of eight Ethereum ETFs are said to be launched at the same time.

Previously, U.S. regulators have approved 11 spot Bitcoin ETFs, and since their launch in January, their assets under management have accumulated to more than $54 billion, and have soared 47% this year. For those who are not familiar with spot Ethereum ETFs, this article will explain them all at once through seven questions.