Author: Anne
Editor: Caiyun
The Rise of Prediction Markets: Introduction to Polymarket
In today's digital age, prediction markets are gradually becoming an emerging "public product" with an accuracy that even surpasses traditional opinion polls. Among them, Polymarket, as the world's largest blockchain prediction market platform, has rapidly risen since its launch in 2020 and has become a leader in this field.
Polymarket allows users to predict and bet on the outcomes of future events in a variety of fields, including sports, politics, business, and science. The platform first gained significant attention during the 2021 US election, facilitating 91% of total betting volume during the election cycle alone, worth $3.5 million. Currently, according to defillama data, Polymarket has secured a total locked value (TVL) of $153 million, with over 150,000 followers and an active Discord community.

Author: Anne
Editor: Caiyun
introduction:
As the blockchain industry develops rapidly, asset tokenization is becoming a revolutionary force that cannot be ignored, especially for assets that are traditionally considered to have poor liquidity. This article will explore in depth how asset tokenization can inject new vitality into these assets, reshape the market landscape, and create unprecedented opportunities for investors.
The tokenized asset market could reach $10 trillion by 2030
Asset tokenization refers to the process of converting physical assets or financial assets into digital tokens on the blockchain. This process makes assets that were originally difficult to divide and trade more flexible and easy to circulate. According to Chainlink's latest report, the current value of tokenized assets is approximately US$118.57 billion, of which the Ethereum network accounts for 58% of the market share.

Author: Anne
Editor: Caiyun
The U.S. Federal Reserve (Fed) announced on Wednesday that it would cut its benchmark interest rate by 50 basis points to a range of 4.75%-5%, the first rate cut since 2020. The move marks the end of the Fed's nearly two-year tightening cycle and a shift to a more relaxed monetary policy. This decision not only affects the traditional financial market, but also has a profound impact on the cryptocurrency market.
Fed Chairman Jerome Powell said at a press conference that the rate cut is aimed at maintaining the good shape of the US economy. He stressed that the unemployment rate remained below 4%, indicating that the labor market is in good condition. At the same time, the Fed has increased its confidence that the inflation rate will continue to move towards the 2% target, and believes that the risks of achieving employment and inflation targets are roughly balanced. However, the decision to cut interest rates also triggered market volatility. After the FOMC decision was announced, US stocks erased early gains, and the tech-heavy Nasdaq 100 and S&P 500 closed down 0.3% and then recovered.

Author: Anne
Editor: Caiyun
Fractal Bitcoin, a sidechain network that is almost identical to Bitcoin's Layer 1 blockchain, was announced to be live this week, immediately sparking a buzz in the cryptocurrency community. The emerging network paid tribute to Bitcoin in a unique way: embedding the same message left by Satoshi Nakamoto in Bitcoin's first block in its genesis block, echoing criticism of bank bailouts.
Fractal Bitcoin's popularity has quickly risen, reflected in its transaction fees: high-priority transaction fees have soared to 150 satoshis per byte, clearly showing strong market interest in this new platform. Despite some initial mining challenges, Fractal Bitcoin has been successfully launched and has begun to fulfill its mission of "locally scaling Bitcoin".

Author: Anne
Editor: Caiyun
1. Authur Hays’ Divine Prophecy
On September 6, former BitMEX CEO Arthur Hayes issued a warning on social media, predicting that Bitcoin could fall below the psychological mark of $50,000 over the weekend.
Hayes not only predicted it, but also took action. He publicly stated that he opened a short position in Bitcoin with the intention of taking advantage of the possible downside. This move further exacerbated market tensions and sparked discussions about the influence of large exchanges.

Image source: Arthur Hayes Twitter
The subsequent market trend seemed to confirm Hayes' prediction. From September 6 to 7, Bitcoin did experience a significant decline, with a drop of 7.14%, reaching a low of around $52,575. This trend was highly consistent with Hayes' prediction, further strengthening the market's confidence in his judgment.

Author: Anne
Editor: Xiaolu
1. Background
People's attention to Bitcoin is increasing due to macro developments and the maturity of Bitcoin as an asset. In the past six months, factors such as geopolitical tensions, inflationary pressures and US dollar risks have driven voters' attention to Bitcoin to continue to rise. In addition, inflation has become a top issue in this election, and assets like Bitcoin with a transparent supply mechanism and a hard cap may have potential value. Against the backdrop of growing economic uncertainty, these characteristics of Bitcoin seem to provide investors with an option to hedge risks.

Author:Tina
Editor: Xiaolu
The Ethereum Foundation recently sold off ETH again, which exacerbated the decline in ETH prices. So, how long can the Ethereum Foundation's funds last? What about the future of Ethereum?
1. ETH price performance
In this bull market, BTC has broken through the historical high of the previous bull market, but ETH, as the world's second largest cryptocurrency, has not yet broken through its historical high.
The highest price in ETH history was in November 2021, at around US$4,800. In this round of bull market, the highest price of ETH occurred in March of this year, which was only around US$4,000.

Macro:
The U.S. Bureau of Labor Statistics released a report on Wednesday showing that the number of JOLTS job vacancies in the United States in July fell to the lowest level since early 2021, and the number of layoffs increased, which is consistent with other signs of a slowdown in the demand side of the labor market. After the release of the number of JOLTs job vacancies in the United States in July, the Federal Reserve's interest rate swaps showed that the Federal Reserve will further ease monetary policy in 2024.
On September 4, the U.S. Federal Reserve released the National Economic Conditions Survey Report (also known as the "Beige Book"). According to the "Beige Book", economic activity in three regions increased slightly, while the number of regions reporting flat or declining economic activity increased from 5 in July to 9 recently.

Author:Elma
Editor: Caiyun
Introduction: Homomorphic encryption technology has quietly appeared like an invisible cloak in the digital world. It promises a seemingly impossible future: complex data analysis and calculations without leaking the original data. This article will take you to explore the application of homomorphic encryption in recommendation systems and reveal how this technology can protect our privacy in the era of big data.
1. The privacy dilemma of recommendation systems
a) Review of user data leakage incidents and their impact
Historically, many major personal information leaks have been discovered. According to Bleeping Computer, in early 2023, PepsiCo Bottling Ventures LLC suffered a cyber attack, and the attacker stole a large amount of sensitive data from the company's IT system by installing information-stealing malware. What's more worrying is that the attack was not discovered until nearly a month after it occurred, fully exposing the company's vulnerability in cybersecurity.

Author: Koiwa
Editor: Caiyun
In recent years, the cryptocurrency circle has become a place of controversy, because too many people in this circle are looking to make quick money and reap the benefits. Many projects have had impure purposes since their creation, and too many investors have inexplicably fallen into scams, causing their hard-earned money to go down the drain. Therefore, in many cases, investors and project owners are in a state of hostility.
A recent accident just proves this point.
On August 28, Hugo Hyungsoo Lee, CEO of South Korean virtual asset custody company Haru Invest, appeared in court on time. During his appearance, he was suddenly attacked with a knife by a 51-year-old spectator. He was rushed to the hospital and is no longer in danger of death.