What happened?

The Binance Research 'Meme Coin' report points out that many meme coin projects lack substantial technological foundations or innovative capabilities, and rely on internet trends and speculation to attract funding.

Millennials and Gen Z face issues such as stagnant wage growth and soaring housing prices, and are unable to find satisfaction from traditional investments, thus turning to high-risk, high-reward assets like meme coins.

Even though the meme coin market is filled with speculation, Binance Research believes that the meme coin phenomenon provides valuable insights, particularly in the two areas of community building and fair token distribution.

Manifest, which has also been invested in by a16z, aims to be a healing tool for Generation Z.

The loneliness in people's hearts is indeed escalating, and AI can fill that loneliness, which is also true.

An increasing number of startups are tapping into the loneliness economy with AI, and Manifest is one of them. Manifest has attracted attention from several venture capitalists, including a16z Speedrun and Florida Funders, raising $3.4 million (approximately NT$110 million) in seed funding while attracting over 16 million uses.

Although services that fill spiritual loneliness with AI may seem similar, Manifest has still gained endorsement from well-known venture capitalists. What makes them special?

What happened?

The 2024 U.S. presidential election is approaching, with Democratic Vice President Kamala Harris and former Republican President Donald Trump making their final pushes. As the election heats up, Bitcoin has begun to show drastic price fluctuations.

Wall Street investment firm Bernstein predicts that if Trump wins, Bitcoin could rise to between $80,000 and $90,000.

Market analyst Miles Deutscher believes that regardless of who wins the U.S. presidential election, Bitcoin could reach $100,000, but if Kamala Harris is elected, it will lead to an 'immediate sell-off' in the Bitcoin market.

Sub-header

This article will introduce 50 tools focused on market insights, protocol analysis, and data interpretation.

Among them, tools like DefiLlama, TokenTerminal, and Dune may already be familiar to everyone, but there are still many tools designed for specific research directions that are worth exploring. Let's learn about these essential DYOR (Do Your Own Research) tools together.

Fundamentals

Fundamental research is the process of analyzing a project to understand its core value, attractiveness, and potential. It focuses on key aspects such as product attractiveness, token economics, fundraising, and community.

Summary

In the coming week, there is no doubt that global attention will focus on the U.S. election. Therefore, I took some time to carefully outline the upcoming timeline and key points, and to look ahead at the subsequent impacts.

Overall, starting from Tuesday, November 5, the election results will be gradually announced over the following week. During this time, the progress of result announcements will continue to affect asset prices.

Due to the different election policies of each state, the announcement of results in the U.S. presidential election will last about a week.

While chatting with friends, I found that many are not very clear about the timeline in the coming week. Many believe the results will be out on the evening of November 5th (morning of the 6th in Beijing time). In fact, due to the different policies regarding ballot processing, counting rules, and mail-in ballots in each state, there are variances in the announcement of results. So first, I want to talk about the timeline of the U.S. presidential election.

BIS announces withdrawal from mBridge, emphasizing non-political factors

According to foreign media (Reuters), the Bank for International Settlements (BIS) recently announced its withdrawal from the digital currency project mBridge, developed in collaboration with the People's Bank of China and central banks of Hong Kong, Thailand, Saudi Arabia, and the United Arab Emirates. The project aims to simplify cross-border payment processes through central bank digital currencies (CBDC). However, recent reports from (Bloomberg) indicate that the project has raised international concerns about certain countries possibly using it to evade international sanctions.

what happen?

Huawei recently officially released its new operating system HarmonyOS NEXT in Shenzhen. It is also Huawei's first system version that is completely separated from Android. One of the highlights is the built-in digital RMB payment function.

Users can activate digital renminbi directly through the system and make payments without downloading additional apps, bringing a major breakthrough to the popularization of digital currency.

This functional integration will make it easier for up to 1 billion smartphone users to access, obtain and use digital currency.

The built-in payment function lowers the threshold, and Hongmeng users do not need to download the digital RMB App for payment

What happened?

In October, the cryptocurrency industry lost $55.1 million due to security vulnerabilities, a decrease of 56.6% from the previous month. However, the total loss for 2024 has already exceeded $1.4 billion.

October's major losses were mainly concentrated in the two DeFi protocols, Radiant Capital and Tapioca DAO, which suffered losses of $50 million and $4.4 million respectively.

The security chief of blockchain security platform Immunefi stated that more and more projects are adopting 'stricter cybersecurity measures' and that the maturity of the cybersecurity system has significantly improved.

The cryptocurrency industry lost over $1.4 billion due to security vulnerabilities in 2024.

Performance of currency listings on five major exchanges including Binance and OKX

Animoca Digital Research released a research report, interpreting the currency listing status of the five major exchanges Binance, OKX, Bitget, KuCoin and Bybit from a data perspective. The report details are as follows:

Coin listing performance overview

This year, leading exchanges have adopted different strategies for listing coins.

Binance and OKX are more selective among the mainstream exchanges, with only 44 and 47 tokens listed respectively so far this year.

In stark contrast, Bitget has adopted a more aggressive listing strategy, with 339 listed tokens, far exceeding its competitors and significantly increasing its market share in 2024.

What happened?

The latest report shows that Asia has surpassed North America in terms of talent in cryptocurrency and blockchain development, becoming the main region for global developer talent.

According to data from Electric Capital partner Maria Shen, the proportion of crypto developers in Asia increased from 13% in 2015 to 32% in 2024, becoming the region with the most developer talent, while North America significantly dropped from 44% in 2015 to 24%.

Although the growth rate of developers in the Web3 industry is slow, experts believe that over time and with opportunities, the global pool of professional talent will continue to increase.

The TON ecosystem mini-games have become an unavoidable topic in the crypto industry this year. With games like Notcoin and Hamster Kombat gaining popularity, the TON ecosystem has experienced unprecedented growth.

Especially with the launch of Telegram game tokens like Hamster Kombat on the TON network, the number of TON holding addresses has grown from only 4.3 million at the beginning of the year to over 100 million.

Amidst the apparent upcoming prosperity of large-scale applications, the TON ecosystem has also shown some concerns. Not only are phenomenon-level projects like Hamster Kombat itself controversial, but its 'followers' have frequently disappointed players and users. It seems that the vast majority of mini-applications cannot avoid criticism from the community and the ending of fleeting success.

Full text of CZ's first public speech after being released from prison

The biggest expectation for this year's Binance Blockchain Week has finally arrived. Zhao Changpeng (CZ), the founder of Binance, who just finished four months in prison, appeared at the main venue and talked about life in prison, Binance, educational projects, and AI. This is also CZ's first appearance after being released.

$4.3 billion fine, coupled with four months of life in a U.S. prison, CZ, who paid a high price for freedom, appears relatively chill, with more defined arm muscles than before. On this last day of Uptober, it is quite nice to once again hear CZ's voice after about a year, especially on the road to Bitcoin's historical high of $70,000 this year.

The total market capitalization of stablecoins has reached $170 billion.

The global supply of stablecoins has decreased by 2.7% from its peak on August 30, but with the continued rise in token prices, a rebound is expected.

The decrease in stablecoin supply over the past 60 days is related to the decline of PayPal's PYUSD, which had previously received liquidity incentives through multiple Solana DeFi protocols.

At its peak, PYUSD had an annual yield of nearly 20% on Kamino Finance, but it is now only 7.9%. However, in the long run, this decrease in supply seems negligible compared to the 100-fold growth in stablecoin supply since early 2019.

Opinion articles present diverse viewpoints and do not represent the position of (WEB3+)

Trump calls for Bitcoin as a strategic reserve

On July 25, 2024, US Republican presidential candidate Trump stated at a Bitcoin conference that if he wins the 2024 presidential election, he will include Bitcoin in the national strategic reserve. Is there a deeper consideration behind this seemingly exaggerated statement?

Since the emergence of Bitcoin in 2008, there has been ongoing debate about its positioning. Creator Satoshi Nakamoto and his followers hope it serves as a peer-to-peer payment tool, while investors question whether it is a scam. Additionally, there is a group that hopes it will become an alternative asset similar to gold.

Hitachi launches comprehensive Web3 development support to assist enterprise transformation

Hitachi Solutions, a subsidiary of Japan's multinational Hitachi Group, recently announced that it will begin providing 'Web3 Development Support Solutions' starting October 30. This solution aims to offer enterprises one-stop support from employee training to the commercialization of Web3 platforms, accelerating their entry into the new digital era.

Hitachi Solutions will provide support to enterprises through four stages: 'Knowledge Acquisition', 'Business Concept Creation', 'Development and Implementation', and 'Operation and Maintenance'.

What happened?

The largest cryptocurrency exchange in the U.S., Coinbase, announced its third-quarter financial report and shareholder letter for 2024, with financial performance in the third quarter falling short of expectations in both revenue and profit.

In the shareholder letter, there was a clear expression of optimism regarding the promotion of cryptocurrency-friendly legislation in the new Congress, emphasizing that the company is willing to cooperate with the new government regardless of whether the Democrats or Republicans win.

Whether Vice President Kamala Harris or former President Donald Trump is elected, Coinbase believes that their positions on cryptocurrency policy have clearly become more favorable, suggesting that there may be more regulations beneficial to the cryptocurrency industry in the future.

What happened?

Former FTX engineering director Nishad Singh, involved in the FTX case, has been sentenced to three years of supervised probation without prison time.

The judge stated that Singh continued to assist prosecutors in their investigation and became an important witness, leading to a lighter sentence.

Singh admitted to feeling deep remorse for the harm caused by the collapse of FTX and even contemplated suicide at one point.

Former FTX engineering director Singh does not need to go to prison.

Former FTX engineering director Nishad Singh, involved in the case of the exchange's collapse, was recently determined by New York Judge Lewis Kaplan to not require prison time, only three years of supervised probation, and was ordered to repay $11 billion in assets.

Join (WEB3+) as we unbox the Binance office!

As a leading global cryptocurrency exchange, Binance has achieved countless important milestones. However, the rarely publicized office adds a sense of mystery to the 'Binance headquarters'.

This time (WEB3+) went to Dubai for an exclusive interview, making it the second media outlet from Taiwan to unbox Binance's new office.

On a hot afternoon, led by Binance employees, I finally stepped into the Binance office. After taking the elevator upstairs, the first thing I noticed was a spacious reception area, but my first thought was, 'Why is there no one here?'

What happened?

Stablecoin issuer Circle has again raised the redemption fees for USDC, primarily targeting high-value redemption users.

In the increasingly competitive stablecoin market, the leading stablecoin USDT from Tether still maintains its leading position with a market share of 70%.

Circle plans to move to Wall Street in 2025 and actively promote its initial public offering (IPO).

Circle adjusts USDC redemption fees impacting high-value transactions.

Stablecoin issuer Circle has announced an increase in the redemption fees for its stablecoin USDC, marking the second price adjustment this year.

Previously, exchanging USDC through the Circle Mint platform was free and unlimited, but starting September this year, Circle began charging fees for transactions exceeding $2 million per day. The purpose of adjusting the fee structure is to respond to the high demand for market liquidity.

Became famous after issuing meme coins from the fridge

What counts as a good meme?

The answer might be not intentionally becoming a meme, but ultimately becoming one because it's too interesting.

While daily memes were still trying hard to gain attention, some memes unintentionally carried a humorous quality that attracted attention --- for example, issuing a coin called 'FRIDGE' (fridge) from a fridge.

In today's on-chain hot topics, this FRIDGE counts as a landslide.

The summary of the story is that a developer brother went to the mall and accidentally saw a Samsung smart fridge on display, then he issued a meme coin through the touchscreen and live-streamed the entire process.