As blockchain technology continues to develop, Ethereum has made remarkable achievements as an industry leader. However, it has many problems in scalability and transformation. In sharp contrast, Solana has a clearer vision and strong competitive advantages.
Speaker: Kyle Samani, co-founder of Multicoin. Porter: Bosen Quantitative Consultant Xiao Sun (bosen0722)

Ethereum’s History and Challenges
Ethereum was launched in 2015, and after 9 years of development, it still has not established a clear expansion plan. It chose a roadmap centered on "roll-up" in 2020, and switched from proof of work (PoW) to proof of stake (PoS) in 2022. However, these changes came slowly and in unclear directions, especially after the outbreak of DeFi, Ethereum's roadmap has encountered many doubts.

Recently, a large number of Meme coins and Ton mini-game projects have appeared in the market. Users blame Binance for this phenomenon, believing that it has "corrupted" the market atmosphere. However, in fact, not only Binance, but the entire crypto market is undergoing a profound adjustment. Binance has become the focus of everyone's attention due to its great market influence. Whenever the market is in trouble, it naturally becomes the biggest target.
Author: JiaYi. Ported by: Bosen Quantitative Consultant Xiaosun (bosen0722)

The current status of the industry with accelerated liquidation
Since 2023, Meme coins have become popular, and people have invested in this currency that has no value but can bring wealth. The change in the flow of funds in the Crypto industry reflects that the market is more inclined to short-term gains rather than long-term value. This trend has caused an overdraft of trust in project parties and exchanges, and users' trust in the market has gradually disappeared. The voices criticizing Meme coins are getting louder and louder.

This interest rate cut may have a positive impact on the AI ​​direction of the crypto industry. Interest rate cuts usually lead to lower capital costs, encouraging more companies and investors to enter the field of innovation. Increased liquidity will also help attract more funds to AI projects in the crypto industry and promote the development and innovation of related technologies.
Author: Edward Zitron. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
 
The end of the AI ​​boom
The current generative AI craze is gradually becoming unsustainable and may lead to collapse in the future. OpenAI's internal problems, such as hastily released models, layoffs, rumors of price increases, and changes in leadership, are all warning signs. These phenomena not only pose a threat to large AI companies, but may also impact the entire technology industry and entrepreneurial ecosystem, leading to large-scale layoffs and a crisis of trust in the industry.

Robert Kiyosaki, author of Rich Dad Poor Dad, believes that Bitcoin, gold and silver are on the verge of skyrocketing. He pointed out that if the Federal Reserve cuts interest rates at the next meeting, capital will flow to these physical assets and fiat currencies will collapse. He described fiat currencies such as the US dollar as "fake money", while assets such as Bitcoin are "physical assets" because they can fight inflation and protect wealth.
Author: W3C DAO; Vernacular blockchain. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
Capital flows into safe-haven assets
Kiyosaki specifically mentioned that the growing national debt problem in the United States will force the government to continue printing money, which will eventually lead to inflation. He sees Bitcoin as an effective tool to combat this hyperinflation and predicts that the price of Bitcoin will easily exceed $10 million. He believes that as people lose confidence in the U.S. dollar, more capital will flow into safe-haven assets such as Bitcoin, gold and silver.

As a payment giant, Visa is gradually getting involved in the field of stablecoins. Through its existing global business network, Visa supports more than 50 wallet partners, helping stablecoin users to make payments between 130 million merchants around the world. At the same time, Visa is piloting the use of stablecoins such as USDC to expand the settlement capabilities of issuing banks and acquiring banks.
Author: TechFlow. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
Recently, Visa and several other institutions jointly released a stablecoin market research report, focusing on the use of stablecoins in five emerging markets: Brazil, Turkey, Nigeria, India, and Indonesia. The report reveals the widespread use of stablecoins in these markets, especially in currency substitution and cross-border payments.

Cryptocurrency is no longer just a financial tool, but a mainstream entertainment. Even if many people are not involved in the cryptocurrency market, almost everyone has heard of it, and it has even become a hot topic in the US election. The popularity of cryptocurrency has gone beyond the financial field and has become an entertainment industry.
Author: Matti. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
CT is a false prophet
As a source of information, CryptoTwitter (CT) is actually full of useless noise. Although people can occasionally get some investment advice from it, it is more like a never-ending drama. CT constantly reinforces the belief that "the early bird catches the worm", making many newcomers believe that they can succeed as long as they participate. However, this concept is often wrong. CT is more like a reality show that entertains the audience by selling tokens, far away from the original cryptocurrency idealism.

Early this morning, CryptoPunk numbered#2386completed a transaction on the chain, with the transaction price being only 10 ETH.
Author: Azuma (@azuma_eth), Odaily Planet Daily. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
 
It’s 10 ETH, not cheap.
This price is far below market expectations, especially for the rare "Ape" CryptoPunk. The current floor price of the series is still 30.45 ETH. CryptoPunk#2386is one of the 24 rare "Ape" models, which are usually out of stock.
 
Shockingly, during the NFT boom in 2022, CryptoPunk#2386received an offer of 1,800 ETH. Within a few hours after the change of hands, the market's offer for it quickly rose to 600 ETH, and the buyer could get up to 60 times the profit just by changing hands. This sparked heated discussions in the industry, and many people called the transaction a "big robbery."

In the crypto market, the new generation of "Dogecoin" NEIRO once became the focus in 2024. As OKX and Binance successively launched NEIRO, its price soared more than 6 times, while its competitor lowercase Neiro gradually declined. The support of the exchange made NEIRO a hot topic of discussion in the crypto community, marking another industrialization phenomenon in the field of MEME coins.
Author: Gyro Finance. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
The Beginning and Impact of Dogecoin
In 2013, Dogecoin (DOGE) debuted as a MEME coin with the image of Shiba Inu, and became even more popular in 2019 due to Musk's promotion. DOGE not only formed a huge community and became a representative of MEME culture, but also took advantage of this hot spot to stir up waves in the crypto market after the death of its real prototype Kabosu.

Despite all the criticisms and challenges, Ethereum remains an important force in the crypto industry with its strong technological innovation capabilities and broad community support. In the long run, external market fluctuations may have short-term impacts, but internal technological development remains robust.
Author: Mu Mu, Vernacular Blockchain. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
 
Controversy over Layer2 development path
As the Ethereum ecosystem expands, Layer2 technology has become a focus. Critics believe that the rapid development of Layer2 has led to a decline in the transaction volume and liquidity of the main chain, and they worry that this will weaken the long-term value of Ethereum. However, as an important solution for Ethereum's scalability, Layer2 essentially enables more developers and users to operate in the ecosystem by reducing transaction costs and increasing speed. In the future, as more Layer2 applications mature, the interaction between the main chain and Layer2 will become closer, and the overall ecosystem will become stronger.

Tether and Bitcoin demonstrate different coping strategies. Tether ensures the stability of the company by investing in real industries, while Bitcoin provides a potential tool to combat currency depreciation in volatility. Whether it is enterprise-level expansion or personal investment strategy, it reflects the variability and opportunities of the crypto market.
Author: Web3 News; Blockchain Knight. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
 
Tether invests in industry
As the issuer of the world's largest stablecoin USDT, Tether continues to expand its business areas, recently investing $100 million in Argentine agricultural company Adecoagro and purchasing a 9.8% stake. This move shows that Tether is not limited to the crypto field, but is actively exploring other industries such as agriculture, artificial intelligence and BTC mining. This investment reflects Tether's gradual diversification strategy, with funds coming from its operating income to support the long-term development of its business.

As the US election approaches, the crypto project World Liberty Financial (WLFI) launched by the Trump family has attracted widespread attention and doubts. In particular, the draft white paper recently disclosed by CoinDesk shows that the unreasonable token distribution and centralized governance structure run counter to the project's concept of "empowering the people."
Author: Fu Heshuo, Odaily Planet Daily. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
 
Unreasonable token distribution and internal interest monopoly
According to the disclosure, 70% of the governance token WLFI in the World Liberty Financial project will be allocated to the founding team and related stakeholders, and only 30% will be publicly sold. This distribution structure has been criticized as being heavily biased towards internal interests and contrary to the principle of decentralized governance. In addition, WLFI tokens cannot be publicly traded in the short term, which further limits the interests of investors and may trigger regulatory risks from the US SEC.

Bitcoin’s overall market performance is currently better than historical bear markets, and investors remain solid.
Recently, the Federal Reserve's expectation of a rate cut has attracted global market attention. As the possibility of a rate cut increases, investors are paying more attention to the impact on the Bitcoin market. However, despite the short-term volatility in the Bitcoin market, the overall investor situation remains robust.
Author: Gyro Finance; UkuriaOC, CryptoVizArt, Glassnode. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)

Unrealized losses and stress for short-term holders
While long-term holders of the Bitcoin market are relatively healthy, short-term holders are suffering from higher unrealized losses. Data shows that short-term investors' losses are mainly concentrated in the price corrections in the past few months. Although these holders are under great pressure, the scale of their losses has not yet reached the level of previous bear market periods. Currently, the loss ratio of short-term holders is close to the market volatility period in 2019, which means that the market may still see further downside.

Recently, more and more people have complained about the high USDT withdrawal fee on the TRX network, which has sparked widespread discussion. Taking the data on August 31 as an example, Binance platform TRON chain withdrawals of USDT require a fee of 2 USDT, while OKX is as high as 3 USDT, which is close to the fee level of Ethereum. However, despite the increase in fees, TRON's activity remains strong, with gas fee revenue reaching 61.43 million US dollars in August, a month-on-month increase of 46.54%.
 
Enjoy early dividends
The TRON network has long dominated stablecoin transfers, thanks to its early subsidy policy and monopoly advantage in exchange transfers. Although the transfer fees of second-layer chains and other networks are lower, many users are still accustomed to the stability of TRON. TRON's recent fee increase is partly due to technical problems and network congestion, but more of a market test. It is also a common strategy for companies to raise prices after reaching a monopoly.