The recent regulatory downturn has been very bad. On June 28, local time, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Consensys in the Brooklyn Federal Court in New York, less than two weeks after the SEC notified Consensys that it had ended its investigation into Ethereum 2.0.

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While everyone was still paying attention to the final statement of the SEC (U.S. Securities and Exchange Commission) on the ETH ETF, the SEC suddenly took action and filed a formal lawsuit against Consensys, a blockchain technology company and the parent company of Metamask, on June 29, accusing MetaMask's Swap and pledge products of suspected violations of securities laws, and named Lido and Rocket Pool's liquidity pledge tokens stETH and rETH as unregistered "securities."

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Preface

As the overall crypto market recovers in 2024, the narratives of different tracks are also different from the explosive posture of diversified crypto assets promoted in the previous bull market.

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The changes in the market are very obvious. Crypto users are no longer blindly focusing on various conceptual profit expectations. They are also paying more and more attention to the current real-time returns. The narratives in many fields are also quietly changing. Among them, many new participants have emerged in terms of returns based on mainstream crypto assets, such as USDe, Bouncebit, Solv and USDX mentioned in this article.

After falling into the rabbit hole of Web3's magnificence and fantasy for so long, the public seems to have habitually overlooked one point: essentially, we live in a world supported by hardware, whether it is the Metaverse's demand for VR devices, or the CPU and GPU consumption behind AI, or even the ZK track regarded by Vitalik Buterin as the "future of Ethereum".

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This cycle has been called the "memecoin cycle" by some, and some even call it the "memecoin supercycle." We've seen new memecoins like WIF go from zero to billions of dollars in market cap in a matter of months. We've also seen various products built around the memecoin phenomenon, such as the launch of pump.fun. Like it or not, memecoin can't be ignored.

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July 1, 2024 - 8:00 UTC - ZKBase mainnet is officially launched, marking an important step in the Ethereum Virtual Machine (EVM) era. As an ETH Layer-2 blockchain based on ZKEVM, ZKBase introduces new levels of scalability and efficiency to the blockchain ecosystem.

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Old investors know that every time the market is down, people blame the market for not attracting Web2 users, so no new funds come in. This is the so-called "Mass Adoption" narrative, that is, Crypto's "Web3" products must cater to Web2's non-profit-oriented users.

This logic is like "African children will starve to death because you waste food in China", which makes sense but has no logic 👇

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The entire market sentiment has been very pessimistic recently, especially the altcoin market. Under the circumstance of the instability of the entire Bitcoin market, altcoins have plummeted all the way, and there are many projects that have been cut in half.

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However, in this bleak market situation, the performance of the Ton ecosystem is very stable. TON has risen by 23% in the past thirty days. The TVL of the entire Ton ecosystem has also taken off since March this year, rising more than 6 times in just four months. In addition, projects such as Notcoin in the ecosystem have soared in both price and user volume. Is the summer of the Ton ecosystem coming?

Prabal: Avail is a dedicated DA solution, but DA is just something we are focusing on right now. We are building more internally and will be talking about them at scale in the coming months. We want to create a foundational layer around which all the important components are built, so that it can create a very nice unified experience for users. Because as you mentioned, there are a lot of problems with the current way of doing things.

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Background Information

This episode's guest is from 10T Holdings, an investment company focused on the digital asset field, founded by Dan Tapiero. The company mainly invests in mature companies related to cryptocurrency and blockchain technology, rather than start-ups.

Currently, 10T Holdings has a total asset management scale of $1.4 billion. And Dan is optimistic about the crypto market.

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June should have been the month that the money-grabbing and interactive parties were eagerly looking forward to. However, after experiencing the three airdrops of $ZK, $ZRO, and $Blast, most people couldn’t smile, and there was no joy at all from a good harvest.
First of all, due to the airdrop rules and suspected insider trading incidents, most ZKsync studios and individual users did not receive the airdrops they deserved. According to the latest data from Dune, the average number of transactions per day on the ZKsync network in the past week was about 165.71, and the average number of active addresses per day was about 125, which is a serious decline.
After the massive witch-cleansing campaign, LayerZero unexpectedly introduced a new claim mechanism called “proof of donation” during the airdrop. To claim ZRO, users must donate $0.1 for each ZRO. Many analysts have said that this is a positive improvement to the current airdrop model, but from the user’s perspective, this undoubtedly increases the cost of claiming airdrops.

Recently, the highly anticipated Ethereum Layer 2 network native token Blast (BLAST) was finally launched, and its price soared 40% in just a few days. According to CoinMarketCap data, the price of BLAST rose from $0.02 at the time of issuance to $0.0281, showing the market's high attention to this new token. Equally exciting is that Coinbase also quickly announced support for BLAST trading, injecting more liquidity into the token.

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有些人会这样说：

“加密货币牛市已经结束。”

“我需要现在推出我的代币，因为我们正处于牛市的下行阶段。”

“为什么比特币没有和纳斯达克100指数中的大型美国科技公司一起上涨？”

币安binance交易所-世界上最大的比特币交易所，注册领取20%手续费返佣。

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这幅纳斯达克 100 指数（白色）与比特币（金色）的对比图显示，两种资产走势一致，但比特币在今年早些时候创下历史新高后就停滞不前了

这张纳斯达克100（白色）与比特币（金色）的图表显示，两者的走势一致，但比特币在今年早些时候创下历史新高后停滞不前。

但同样的人又会说以下观点：

“世界正在从单极的美国主导世界秩序转向包含中国、巴西、俄罗斯等领导者的多极世界秩序。”

“为了资助政府赤字，储户必须受到金融压制

How to research and understand everything in cryptocurrency?
Basically, we need two key steps:
· analyze
· comprehensive
Imagine you are playing with Lego blocks. Normally you would assemble the blocks into a whole, but we are going to do the opposite process.

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What is ALCX? The full name of ALCX is Alchemix. The issue date is 2021-02-27, the issue price is $571.42, and the maximum supply is 958,014 ALCX. Alchemix is ​​a DeFi protocol that helps users obtain future returns on deposits in a synthetic asset token model. The protocol allows users to withdraw part of their deposits that are temporarily pledged as stablecoins. Alchemix allows you to reimagine the potential of DeFi by providing highly flexible instant loans that repay themselves over time. The synthetic protocol token (alUSD) is backed by future returns.

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What is CVX? The full name of CVX is Convex Finance. CVX is the native platform token of ConvexFinance, which is decided by the community governance. The current maximum supply is 50002845CVX. Staking CVX can earn platform fees. The staked CVX will receive part of its platform fees in the form of cvxCRV (tokenized veCRV). CVX is rewarded to CRV subscribers and Curve.fi liquidity pool in proportion to the CRV generated by the platform. The CVX issuance date is 2021-05-18, and the issuance price is $5.7231.

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What is PYR? The full name of PYR is Vulcan Forged. The issue date is 2021-04-14, the issue price is $1.97, the total issue of PYR is 50 million, and there is no inflation or deflation plan. Vulcan Forged is a mature NFT game studio that has created an NFT market and dApp incubator with 10+ games, 2000+ communities and the top 5 NFT market capacity.
PYR is the encrypted digital currency on the Vulcan platform, used as a token for internal platform operations and gaming. PYR Token is an ERC20 token that matches Matic, and plays the role of a settlement tool, mortgage guarantee (privilege), and game settlement token in the entire Vulcan Forged ecosystem.

What is RNDR? The full name of RNDR is RNDR Token. The issue date is 2017-10-01, the issue price is $0.25, and the maximum supply is 536,870,912RNDR. RNDR Token is a decentralized economic network that converts GPU computing power into 3D assets (such as graphics cards). The goal is to authorize the creation, sharing and monetization of any 3D object or environment through the Ethereum blockchain protocol. RNDR Token is powered by breakthrough cloud rendering technology, creating a distributed global network consisting of millions of peer-to-peer GPU devices.
RenderToken.com (RNDR®) is a high-performance distributed GPU rendering network built on OctaneRender®, the world’s fastest and most powerful GPU-accelerated, unbiased, physically correct renderer from OTOY Inc. The network facilitates a marketplace between computational and virtual asset (NFT) node operators and requesters.

What is SANTOS? The full name of SANTOS is Santos FC Fan Token, and the Chinese name is Santos Fan Token. The issue date is 2021.12.01, and the issue supply is 30,000,000 SANTOS. SANTOS is the official Binance Fan Token of Santos FC and will have some use cases, such as granting holders the right to participate in fan interaction-related voting on the Binance FanToken platform, loyalty subscription programs, purchase of Santos FC merchandise and match day tickets, special fan benefits, use of gamification features on the Binance Fan Token platform, and donations.

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