Tilting balance (@12345678) • Hey
It's time to really change the way of conversation.
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- future?
Free collection
- Can cz really predict the future
CZ is really sentenced to four months
What else is there in this world that is not controlled
- So you should be careful of this person, because if you take a photo with him, you may enter prison 😂😂
- If you like it, collect it, open it for free
- 2024 Public chain financial report in the first quarter: How many chains are making money?
Last week, U.S. stocks ushered in the busiest "financial report" in the first quarter. Nearly half of US -listed companies chose to announce their financial reports this week. After the experience of a big plunge last Friday, the market's attention was staring at the financial reports that the technology giants would have published this week.
Under the "Financial Report Hot", the blockchain data analysis company Token Terminal's "Public Chain Financial Report" data chart released on the official Twitter account two days ago also attracted the attention and discussion of the encrypted community. After several sets of data, the "financial status" of L1 and L2 public chains such as ETH, Solana, Base, etc. are a lot of intuition. However, the first reaction of more people to the "public chain financial report" is: Is this concept really reasonable?
The term "financial report" has always been far from the encryption industry. In this business model, it has not yet been clear. The team's realization is still based on token issuance. The number of active addresses, TVL, and market value seems to be more intuitive and transparent. And is the traditional sense of financial report logic applied to the encryption market? Is the subjective subject agreement or a team? What statistical indicators should be used? These issues make the "chain" business incompatible compared to traditional business. The mouth shouted "Mass Adoption", and his heart was clear about the "Ponzi Game" door.
So is the concept of the financial report appropriate in the encryption industry? I prefer a positive answer. Although there are many logical and logical differences in specific indicators, the public chain (especially universal public chains such as Ethereum and Solana) as a decentralized network, which essentially need to make hematopoietic hematopoietic as traditional companies, it is essentially the same as traditional companies. Ability, otherwise it will become real Ponzi.
So for a chain, how can it be called "the ability to make hematopoiesis"?
Crazy public chain
In fact, in the current crypto industry, except for Bitcoin's decentralized account book, almost all public chains need to have the ability to make hematopoietic in order to survive for a long time and safely.
For BTC, its market value and price reflect the volume of the external world to put their wealth into the Bitcoin account book. In order to obtain the security of the Bitcoin network, these wealth is willing to pay to the miners who can make it satisfied with Storage costs. But this set of common public chains such as Ethereum and Solana seem to be unreasonable. Because the miner is a group of profit -seeking, wherever you make money, and the "World Computer" that the general public chain wants to maintain is not much attractive to the wealth of the outside world. Therefore, from the perspective of supply and demand relationship Miners (of course are mostly verified as verifiedrs) to see the house, and the burden of paying costs is generally on the shoulders on the Internet.
To put it simply, the general public chain needs to find a way to "create revenue" to pay the authentication of the maintenance network. Basic hematopoietic ability. Of course, hematopoietic is not all for "alive." In the stock market, the stronger the revenue ability means the stronger the repurchase strength and stock price expectations, and the same is true of the public chain business.
According to this logic, what data should be in a "public chain financial report" is actually clear at a glance.
First of all, it is naturally operating income. For the public chain, all of this part comes from network costs, and the destruction parts in the cost can be regarded as network revenue (equivalent to repurchase). The more online activities, the higher the cost income. The second is operating costs, including parts paid to the verifications in each network cost (supply fee; SUPPLY-SIDE Fees) and tokens issued by the network. Finally, it is gross profit, that is, to destroy the tos to the tokens (and the cost of the verification), which is the ultimate manifestation of a public chain hematopoietic ability and network value. It is not difficult to see that for a public chain, GAS destruction and block motivation distribution largely determine its revenue ability and self -sustainability.
So in the first quarter of this year, how did the universal public chain's revenue perform? We have selected three representative cases for a comparative analysis, which are based on the Ethereum of the GAS repurchase based on the basic cost of the block, the 50% cost to repurchase the destroyed Solana, and all the 100% costs all Destroyed Avalanche.
Judging from the final "quarterly statement", Ethereum is still the most powerful general chain in the current crypto world. In the first quarter of 2024, it achieved a revenue of $ 1.17 billion, and its net profit reached US $ 369 million. Although Solana has a strong ecological momentum in the past six months, because of advocating ultra -low GAS concepts and lack of dynamic cost mechanisms, only less than $ 100 million in revenue in the first quarter, while its network operating costs (ie token inspiration) are as high as high. 844 million US dollars, a total of $ 796 million. The avalanche network has almost no revenue in the first quarter, and the cost loss loss is 179 million US dollars
- Consensys proposes four key reasons to support Ethereum non -securities status
The US SEC re -examine whether Ethereum belongs to the securities category. Consensys proposed four major reasons to support Ethereum non -securities status:
1. Historical position: Former SEC supervisor said in 2018 that Ethereum does not belong to securities. This historic position provides a solid foundation for its non -securities position.
2. CFTC Category: The Commodity Futures Trading Commission (CFTC) has been regarded as Ethereum as a commodity commodity for a long time, which is consistent with the position of SEC.
3. Decentralization and openness: Ethereum's decentralized architecture makes it different from securities. All information is open and accessible, and it does not have the characteristics of inside information asymmetry.
4. Consensus mechanism transformation is irrational: The transformation from the recent consensus mechanism from POW to POS does not affect the core nature of Ethereum, so it should not be a reason for re -classification.
These factors jointly support the non -securities status of Ethereum in the regulatory world. For the re -examining SEC, the industry and communities continue to pay attention to the positioning of Ethereum.
- My favorite athlete Zlatan Ibrahimović
- Greg Solano, co -founder of Yuga Labs, has released a memorandum of announcing the company's reorganization since the CEO of the company in February.
Regarding the reorganization announcement, Solano said: "Today is a very difficult day. I am determined to change Yuga and let us return to the original original intention, which means making difficult decisions. So far, the hardest decision is to say goodbye to some talents. team member."
In the memorandum, Solano said that Yuga Labs "lost direction" will focus on the establishment of "a smaller, more flexible, and more encrypted team"
- I want to know if anyone is discussing the World of Warcraft games here. Let's talk about my situation first. I have been playing this game since I was a teenager. It has been more than ten years now. I like this game very much.
Of course, my favorite race is the undead and bulls. Because of giving me a different experience, can I find similar players here?
Welcome everyone to express their opinions, let's discuss together
- I think someone should be able to understand what this means
- gm @lens/orb , tysm what a nice surprise 😀
- gm @lens/orb , tysm what a nice surprise 😀
- guys the 10k $BONSAI u saw earlier was just an orb bug, you were not using orb before move on. bwahaha
- Where did y'all see allocation?
- According to a record of a meeting held by the official liquidator of FTX Digital, the common goal of the liquidator and the 11th debtors of the liquidator and the debtor of Chapter 11 were to allocate the first funds to the creditors by the end of 2024. FTX's bankruptcy is composed of two parallel independence processes: the bankruptcy protection of the U.S. Tellawa Court and the official liquidation process of FTX Digital, the reason is that the FTX accounting is "mixed together". However, the two parties of the bankruptcy property have agreed to work together, so that the creditors can make claims to any entity and ensure that the compensation obtained by any creditor is not lower than the value they deserve.
In terms of personal concerns, it is good or bad for the development of the entire industry. Everything leaves time to prove it
- American CFTC commissioner Caroline Pham said that CFTC has recently proposed to KUCOIN allegations that may interfere with its cooperation agencies. The CFTC and the US Department of Justice accused KUCOIN on March 26, 2024 to operate an encrypted asset derivative platform without appropriate authorization. Caroline Pham said that CFTC's approach may violate the power of the SEC and destroy the strong investor protection law for decades, because it confuses a financial instrument with a financial activity and destroys the foundation of the securities market.
It can be seen that supervision has always been a vague attitude
- Safety is always the most important
The founder of Slow Fog, Yu Xian, posted on the X platform that Munchables was attacked, saying that Munchables on the Blast was stolen at 62.5 million US dollars, which was really lost. The investigation by Detective Zachxbt on the chain is because one of their developers is a North Korean hacker. This is the situation that we encountered at least the second DEFI project we encountered. The core developer camouflated for a long time, and won the trust of the entire Team. The timing got started as soon as the time arrived, without mercy. There are many victims, we will follow up closely. Blast ecological project Munchables was attacked and lost about $ 62.3 million.
- The developers of SLERF Memecoin burned the liquidity pool and 500 million token specified to pre -sale participants today. The project has successfully raised more than $ 10 million during the pre -sale period.
On the weekend, the project is one of the many Memecoin based on Solana, which has attracted millions of cryptocurrency enthusiasts through pre -sale activities.
During this period, unknown NFTEF DEKADENTE raised SOL worth more than $ 30 million by pre -sale of Memecoin named Smole. Similarly, another NFT artist named Kero raised more than $ 10 million through their Memecoin Nap.
Cryptocurrency researcher 0xgumshoe revealed that the community has invested approximately $ 100 million in pre -sale of Solana Memecoin.
In addition, Memecoin's boom has promoted Sorana's decentralized transaction volume to reach a record high, and the popularity of Solana blockchain on Google has now exceeded Ethereum.
What is pre -sale?
Generally, pre -sale allows investors to send cryptocurrencies to the specified wallet address to exchange weighted distribution after the issue of the currency. However, participating in pre -sale does not guarantee token distribution.
With the accidental success of The Book of Meme (BOME) tokens, the popularity of pre -sale has soared significantly, and its value has increased significantly by more than 1,000%. This surge has led to a large number of such token transactions on each exchange including Binance.
As of press time, the market value after BOME was completely diluted was about $ 1 billion.
Although the pre -sale model has achieved obvious success, Ethereum expert Anthony Sassano described it as "bidding Ponzi scam".
He said: "People can use their own money to do what they want to do, but it is very stupid to send money to" Memecoin pre -sale "."
Alert
Unfortunately, the uncertainty of the pre -sale method has made it a way to use an unwilling investor.
Cryptocurrency detective Zachxbt on the chain calls on people to pay attention to those "scammers" accounts that take advantage of the community. The data on the chain shows that a account marked by him has raised about 4,935.55 SOL, worth about $ 1 million to purchase Memecoin, which has not yet been released.
- Safety is always the most important
NFPROMPT responds to attack event: user assets are safe, and CEX has contacted CEX frozen hack -related funds
On March 15th, NFPROMPT disclosed its attack on the X platform, and hackers invaded some wallets, including the Wallet of the NFP contract manager, and illegally controlled some of the victim funds such as the NFP database and ecological fund.
1. In response, the team has transferred all the ownership of all smart contracts of NFP to the new address, effectively cutting off the attack vector. The NFP and assets of users on our platform are safe;
2. The Federal Investigation Bureau has been involved in the investigation, and the official calls for the main CEX to freeze any funds related to hackers. Before further notification of this incident, please do not accept NFP from the unbelievable source. The NFP tokens related to hackers will be marked and confiscated.
3. The team has asked its partner CEX to suspend deposits during the investigation. Similarly, it urges DEX to temporarily stop all liquidity pool activities involving the NFP tokens as preventive measures;
4. In addition, the team is in cooperation with the slow fog and ChainaLysis in Web3 security companies to monitor the chain activities of hackers.
- Another player came to the crowded Ethereum L2 battlefield.
On March 11, 2024, the Ethereum L2 solution Eclipse of Ethereum using Solana virtual machine (SVM) announced the completion of a $ 50 million Series A financing, led by Placeholder and Hack VC, making its total funding of $ 65 million.
What innovative functions and highlights can it bring to Ethereum L2? This article briefly describes it.
Eclipse: Standing on the giant's shoulder
Eclipse combines the best part of the modular stack:
Settlement: Ethereum -Eclipse settled on Ethereum (that is, the built -in verification bridge will be located on Ethereum) and use ETH as its GAS token.
Execution: Solana virtual machine (SVM) -Eclipse will run high -performance SVM as its execution environment.
Data usability: CELESTIA — Eclipse published its data to Celestia to achieve scalable data usability (DA).
Proof: RISC ZERO — Eclipse will use RISC ZERO for ZK fraud certificate (not required to serialize the middle state).
Ethereum settlement
The verification bridge of the Eclipse main network on Ethereum will be directly built in Eclipse. The Eclipse node will determine the "standard chain" through this bridge. The bridge forced Eclipse to perform correct sorting. The Eclipse node must also run the complete node of Ethereum. The bridge will verify all Eclipse transactions to prevent invalid state. In addition, it can survive and resist review in certain failures. Even if the sorter fails or starts to review it on L2, users can also force their transactions through the bridge.
Eclipse recognizes the importance of Ethereum native assets, so Eclipse will use ETH as GAS token. The Eclipse main network does not plan to have its own tokens.
Eclipse select solana vm
Virtual machine is a software that can run a program. Specifically, the virtual machine executes the smart contract of the blockchain. Why does Eclipse choose to use solanda VM?
Performance: EVM blockchain, such as Ethereum, only one program is running at any given point, which is called "single thread". Solana virtual machine is a highly parallel Runtime. If there are multiple kernels, multiple programs can be run at the same time, thereby significantly increased throughput.
Safety: Some languages (such as Rust) can prevent many errors that Solidity cannot prevent. For example, Ethereum smart contracts are vulnerable to the so -called re -attack.
Community: Ethereum and Solana popular blockchains have cultivated booming developer communities around EVM and SVM, respectively. Compared with new virtual machines such as Move VM or Fuel VM, this means better tools and developers support.
Easy to use: Solidity and other languages are easier to write code, and not all bytecodes support compile from solidity.
In summary, the eclipse main network transportation line is selected from Solana virtual machine (SVM). However, it can also support the program built by the NEON EVM as the Ethereum virtual machine (EVM). In the future, Eclipse will add other bytecode formats according to the requirements of DAPP. You can even use EVM's existing tools (such as Truffle or Remix) or SVM tools (such as Solana CLI or Seahorse Lang).
Eclipse use Celestia to provide DA
The current bandwidth of Ethereum does not support the target throughput and cost of the Eclipse main network. Even after the EIP-4844 (also known as "Proto-Danksharding"), this is still the case. It provides a Blob space of about 0.375 MB of each block (the limit of each block is about 0.75 MB).
For ERC-20 transfers with basic compression (about 154 bytes per transaction), this is equivalent to about 213 TPS.
For compression exchange (about 400 bytes per transaction), this is equivalent to all ROLLUP for about 82 TPS.
In contrast, Celestia will launch a 2 MB block later. Once enough data availability sampling (DAS) light nodes are launched and the network is stable, Blobspace is expected to increase to 8 MB shortly after starting. DAS light nodes have two key functions:
Users can verify whether the Eclipse block data is available
It helps to securely expand the entire network, because as more DAS light nodes are launched, the DA layer can safely increase its throughput.
Celestia's DAS light node has supported, encrypted economic security attributes, and highly scalable DA throughput from the first day, making it a clear choice for today's Eclipse main network. Eclipse also intends to monitor Ethereum's progress in DA expansion after EIP-4844. If Ethereum provides a larger scale for Eclipse to benefit users, Eclipse will evaluate the possibility of migrating to Ethereum DA.
Fraud proved to use RISC ZERO
Eclipse's main network deploys optimistic Rollup, but is developing zero -knowledge Rollup in parallel.
For optimistic Rollup, the "sorter" sorts the transaction and publishes the generated status with the bounty to the 1st floor of the Ethereum. The "verification" can re -execute the transaction. If there is different opinions on the results, the verifier can challenge the status root through "settlement". If the verification is correct, the reward will be awarded the verification.
Eclipse uses RISC ZERO to create a ZK fraud certificate, without the need to serialize in the middle state.
- All black 🔥
- The dust on the crust returned to Hokkaido, Japan. The sun is bright during the day, warm and pleasant, but at night, it is bitter. This weather mode causes sad snow, known as the dust on the crust. Under the seemingly beautiful unrelated electric power sector, ice and crispy snow lurking. This is something that hates.
With the acceleration of winter coming in spring, I want to relive the article "Dust on the Cruise" published a year ago. In this article, I proposed how to create a comprehensive supporting legal stable currency method. The existence of the stable currency does not depend on the Tradfi banking system. My idea is to combine the multi -cryptocurrency hedge with the short -term sustainable drop loss of the bearing to create a synthetic legal currency unit. I named it Nakadollar because I imagined that the use of Bitcoin and short -term XBTUSD "sustainable" swelling as a way to create a synthetic US dollar. I promised to support a reliable team at the end of the article, trying to turn this idea into reality.
How big is a year's change. Guy is the founder of Ethena. Before participating in Ethena, Guy worked at a hedge fund worth $ 60 billion and invested in special circumstances such as credit, private equity and real estate. GUY captured garbage coins during the summer of 2020, and never turned back since then. After reading "The Dust on the Crusher", he was inspired and decided to launch his own synthetic dollar. But as all the great entrepreneurs did, he hoped to improve my original thought. He did not use Bitcoin, but created a synthetic US dollar stabilizer using Ethereum.
GUY chooses Ethereum because Ethereum network provides native income. In order to provide security and handling transactions, Ethereum network validators directly pay a small amount of ETH for each block by protocol. This is what I call ETH pledge yield. In addition, because Ethereum is now a shrinking currency, the prices of Ethereum/USD long -term, futures and sustainable drop transactions have continued to be higher than the spot. This is the root cause. Short -term perpetual drop -down holders can get this premium. Combining the actual -owned ETH with a short -term or US dollar loss of the short -term swelling position, creating a high -income synthetic US dollar. As of this week, the pledged Ethena USD (SUSDE) currently has an annual yield of about 50%.
Without a team that can be executed, no matter how good it is, it is meaningless. Guy named his synthetic dollar to Ethena and formed a rock star team to start the protocol quickly and safely. Maelstrom became a founding consultant in May 2023. As a transaction, we received token for token. I have worked with many high -quality teams in the past, and Ethena's staff has completed the task without cutting corners. For 12 months, Ethena's stable currency USDE is only 3 weeks after the main network is online, and its circulation is close to 1 billion (TVL is $ 1 billion; 1 usde = 1 USD).
I believe that Ethena can surpass Tether to become the largest stablecoin. This prophecy takes many years to achieve it. However, I want to explain why Tether is the best and worst stable currency in the cryptocurrency field. It is the best because it may be the most profitable financial intermediary in TRADFI and encryption. This is the worst, because Tether's existence is to make its poor Tradfi bank partners happy. The jealousy of the bank and the problems brought by Tether's guardians of the US Peace Financial System may immediately lead to the end of Tether.
For all misleading Tether Fudesters, I want to say clearly. Tether is not financial fraud, nor did Tether lie to it. In addition, I have the greatest respect for Tether's founders and operators. But forgive me, Ethena will shock Tether.
This article will be divided into two parts. First of all, I will explain why the United States, the U.S. Treasury, and large US banks with political backgrounds want to destroy Tether. Secondly, I want to discuss Ethena in depth. I will briefly outline the construction of Ethena, how it maintains linked to the US dollar, and its risk factors. Finally, I will provide Ethena's valuation model for governing the tokens.
After reading this article, you will understand why I believe that Ethena is the best choice to synthesize the US dollar in the encryption ecosystem.
Note: The legal stable currency supported by the physical support is the tokens that the issuer holds the legal currency in the bank account, namely Tether, Circle, First Digital, etc. Synthetic statutory stable currency is a tokens that the issuer holds cryptocurrencies and uses short -term derivatives for hedging, namely Ethena.
Jealous green
Tether (code: USDT) is the maximum stable currency measured by circulating token. 1 usdt = 1 dollar. USDT is sent between wallets such as Ethereum and other chains. In order to maintain linked, Tether holds $ 1 for USDT in the bank account in the bank account.
Without the US dollar bank account, Tether cannot perform the function of creating USDT, hosting USDT, and redeeming USDT functions.
Creation: Without a bank account, USDT cannot be created because traders cannot send US dollars.
US dollar hosting: Without a bank account, there is no place to hold USDT USD.
USDT's redemption: If there is no bank account, USDT cannot be redeemed because there is no bank account that can send the US dollar to the redemption.
Having a bank account is not enough to ensure success, because not all banks are equal. Thousands of banks around the world can accept US dollar deposits, but only some banks have the main account in the Fed. Any bank that hopes to use the Fed to perform its obligation to perform its obligations as an agency of the US dollar must hold the main account. The Fed reserves a complete free discretion of which bank's main account is granted.
I will quickly explain the operation of the business banking business.
There are 3 banks: A, B and C. Bank A and B are located in two non -US judicial jurisdictions. Bank C is an American bank with a main account. Bank A and B hope to transfer the US dollar in the legal financial system. They each applied for the use of bank C as agents. Bank C evaluates the bank's customer group and approve.
Bank A needs to remit $ 1,000 to Bank B. The capital flow was transferred from the account of bank A in bank C to Bank B's account in bank C in bank C.
Let's change the example a little, add bank D, it is also a US Bank of America with the main account. Bank A uses C Bank as an agency bank, and Bank B uses bank D as an agent bank. What happens when Bank A wants to remit 1,000 US dollars to Bank B? The flow orientation of funds is that bank C transferred $ 1,000 from its account at the Federal Reserve to Bank D's account in the Fed. Bank D finally deposited $ 1,000 into the account of Bank B.
Generally, banks outside the United States use agency banks to call the US dollar globally. This is because once the US dollar flows between different jurisdictions, liquidation must be performed directly through the Fed.
I have been engaged in the cryptocurrency field since 2013, and usually, the banks that you deposit in the Capital Crypto Exchange in the French currency are not a bank registered in the United States, which means that it depends on the Bank of America with the main account to handle fiat currency deposits And withdrawal. These smaller non -American banks desire for deposits and bank cryptocurrency companies because they can charge high costs and do not need to pay any fees for deposits. Globally, banks usually urgently need cheap US dollar financing because the US dollar is global reserve currency. However, these small foreign banks must interact with their agent banks to handle the US dollar access business outside their residence. Although the proxy bank tolerates these fiat currencies related to the encryption business, no matter what reason, sometimes some crypto customers will be removed from smaller banks at the request of agency banks. If small -scale banks do not comply with regulations, they will lose the relationship between agency banking and the ability to transfer the US dollar internationally. A bank that lost the ability to transfer the dollar is equivalent to walking dead. Therefore, if the agency bank requires, small banks will always give up cryptocurrency customers.
When we analyze the strength of Tether's bank partners, this agent bank is essential.
Tether Bank partners: Britannia Bank & Trust, Cantor Fitzgerald, Capital Union, ANSBACHER, Deltec Bank and Trust.
Among the five banks listed, only CANTOR FITZGERALD is a bank registered in the United States. However, none of these five banks did not have the Fed's main account. Cantor Fitzgerald is a first -level dealer to help the Fed in implementing open market operations, such as buying and selling bonds. Tether's ability to transfer and hold the US dollar depends entirely on the rise of the immortal agency bank. Considering the scale of Tether's US Treasury investment portfolio, I think that their cooperation with Cantor is essential to continue entering the market.
If the CEO of these banking industry fails to obtain Tether's equity in exchange for bank services, they are fools. When I introduce each employee income index of Tether later, you will understand the reason.
This is why Tether's bank partners perform poorly. Next, I want to explain why the Fed's business model does not like Tether's business model, and why fundamentally has nothing to do with cryptocurrencies, and it is related to the operation of the US dollar currency market.
Full Reserve Bank
From the perspective of Tradfi, Tether is a completely reserved bank, also known as Narrow Bank. Fully reserved banks absorb deposits without lending it. The only service it provides is to remit money back and forth. Because the storage households do not face any risks, it almost does not pay the deposit interest. If all storage households are required to refund at the same time, the bank can immediately meet this requirement. Therefore, this name -completely reserves. In sharp contrast to some reserve banks, the bank's loan scale is greater than the foundation of deposit. If all the storage households ask for funds from a part of the bank at the same time, the bank will go bankrupt. Part of the reserve bank pays interest to attract deposits, but the reserves are risky.
Tether is essentially a US dollar bank that provides US dollar trading services driven by public chain. No loan, no funny things.
- A beautiful day starts with a good mood, With another new change, this is exciting
This is why everyone will get together here. There is no advertisement, no fraud, I hope everyone has a beautiful day.
- The WoopPv2 contract project on the Arbitrum chain was attacked by price control, causing a loss of about $ 8.5 million. Hackers use Lightning Loan to borrow USDC.E and WOO tokens, and then frequently exchange tokens via WOOPPV2 contracts. Due to the defects of the price calculation of the WOPPV2 contract, hackers can control the price during the exchange process, causing a large number of WOO tokens to be stolen. At present, the contract has been suspended, and Beosin Trace will continue to monitor the movement of stolen funds.
- Eli Ben-Sasson, co-founder and CEO of Starkware, emphasized the roadmap of Starknet in an interview with Decrypt interview with "STRK's initial unlocking a large number of investors and early contributors". It will cause damage to the community.
Ben-Sasson said that the structure of the Starknet airdrop is indeed different from the traditional model, and the team's views on things are slightly different, and they believe that this is the advantage of Starkware rather than the disadvantage. The team believes that users are concerned about whether developers in Starkware or Starknet ecosystems will still be on the Starknet network and whether they can continue to promote network development in three months or one year. Here he can guarantee that the 150 employees of Starkware and its expanding team's only attention is to promote the development of Starknet. In order to do this, ELI rejected a very attractive position in the academic world.
As for worrying that investors may be eager to sell the Strk tokens in April, which affects the price of STRK, Ben-Sasson emphasized that extending the tokens' lock-up period can not stop this situation. occur. Starkware made a decision to believe that these people have received their due rewards for their contributions, and their individuals and teams do not have an improper use of the airdrop structure. When focusing on long -term development, unnecessary delaying locking period is not the right practice.
- Eli Ben-Sasson, co-founder and CEO of Starkware, emphasized the roadmap of Starknet in an interview with Decrypt interview with "STRK's initial unlocking a large number of investors and early contributors". It will cause damage to the community.
Ben-Sasson said that the structure of the Starknet airdrop is indeed different from the traditional model, and the team's views on things are slightly different, and they believe that this is the advantage of Starkware rather than the disadvantage. The team believes that users are concerned about whether developers in Starkware or Starknet ecosystems will still be on the Starknet network and whether they can continue to promote network development in three months or one year. Here he can guarantee that the 150 employees of Starkware and its expanding team's only attention is to promote the development of Starknet. In order to do this, ELI rejected a very attractive position in the academic world.
As for worrying that investors may be eager to sell the Strk tokens in April, which affects the price of STRK, Ben-Sasson emphasized that extending the tokens' lock-up period can not stop this situation. occur. Starkware made a decision to believe that these people have received their due rewards for their contributions, and their individuals and teams do not have an improper use of the airdrop structure. When focusing on long -term development, unnecessary delaying locking period is not the right practice.
- Fox reporter Eleanor Terrett said that five members of the US Securities and Exchange Commission (SEC) may postpone the approval of Bitcoin spot ETF
Member members include: Gensler (D), CrenShaw (D), PEIRCE (R), Lizárraga (D), and Uyeda (R). Although there is no arrangement of the ETF formal committee voting, each member obviously has the right to review and vote for the full committee in accordance with the requirements of No. 17 CFR 201.431.
- What is Ordinals (ORDI)?
The total amount of Bitcoin is 21 million, and one can be divided into 100 million Satoshi (Satoshi, which is SAT, the smallest unit of Bitcoin), with a cumulative 21 million Satoshi.
Ordi is the first and most valuable BRC-20 token on BTC. To understand ORDI, you must first understand the inscription. The inscription is created by writing the content through the ORDINALS protocol. The inscription does not need to use a separate token, side chain or change Bitcoin;
The Ordinals protocol is to write information to each Cong, such as text, pictures, audio and videos. Due to the limitation of the Bitcoin block, the information of the inspection of Inscrip (that is, casting MINT) is mainly text and pictures. , That is the form of NFT and Token.
Because the inscription is directly created on the Bitcoin blockchain, it cannot be tampered with, and there is no project party. As long as the Bitcoin does not disappear, the inscription will not disappear;
One of the important principles of the Ordinals protocol is "come first and then go". Essence
- This is the voice of the market. I believe there is a clear direction in your heart #BTC #ETH
- GM Lensfrens! 🌅
A new era is about to begin with @lens/focustree_app 💥
We're seeking for a few #gardeners to plant the first seeds on Lens. Are you among them? 🌱
Secure your place. Collect this genesis post before it's too late ⏲️
Come shape the future with us #focustree_app
- There are always many moments you want to record. When you open the photos one day, you are memories
- ChainLink announced that the chainlink Staking V0.2 will be launched, with a pledge pool's upper limit of 45 million Link. This upgrade focuses on providing greater flexibility to pledges through the new lifting mechanism. By reducing the security of the prediction machine service by reducing rights and interests, the seamless upgrade in the future through the modular structure, and the dynamic reward mechanism (in the future support new new support (in the future to support new new new support (in the future support new new support (in the future support new new support new support (in the future to support new new new support (future support new support new new support new support (future support new support new support new support (future supports new new support new support new support (future support new support new support new support (future supports new new support new support new support (future supports new new support new support new support (future supports new new support new support new support. Reward source).
Stake V0.2 involves the startup process of three stages:
1. Priority migration: within a week of time, V0.1 pledges have the opportunity to migrate its V0.1 pledge and accumulated LINK reward to V0.2;
2. First experience: During the two -day period, community holders who meet the requirements of pre -defined qualifications can pledge 15,000 LINKs;
3. Ordinary visit: In the final stage, anyone can pledge up to 15,000 LINKs.
- **Is this the behavior of traditional media using channels to control the market?**
Cointelegraph's post officially responded to the error reports approved by the spot Bitcoin ETF earlier. The media said: Cointelegraph's social media team posted a message on X without approval by editing in advance, saying that the US Securities and Exchange Commission has approved Belleide's Ishares Treaty Bitcoin Exchange Fund (ETF). This is the error, the result of the error message. The news clues originated from an unconfirmed screenshot released by an X user, which claims that the screenshot of the screen comes from the Bloomberg terminal.
Cointelegraph did not publish an article containing this error message in the end, but was deeply regrettable for publishing this information and its impact on the X. A internal survey shows that we have not followed the standard procedures for publishing emergencies on social media, which need to verify the source of message before publishing social media.
In order to ensure that similar things do not happen, the Cointelegraph team is thoroughly reviewing and reviewing the social media management process. Especially before publishing posts, the verification of emergencies is being dialogue with all relevant employees. Essence
Maybe people should initiate a legal lawsuit against him
- The origin of the war is diversified, and I can't do anything to change these. But I really hope that the world is peaceful. The war brought only endless suffering, eternal pain.
- Some information that focuses on attention
1.Starkware delayed the first token to April 2024;
2. Jump Trading lost more than 200 million US dollars in the FTX collapse;
3. President of the French Bank of France: The European Union plans to launch a wholesale CBDC within a few weeks;
4. Galaxy Digital Mining Supervisor has resigned and founded a consulting service company;
5. Ledger and Sotheby's cooperation launch a limited edition hardware wallet for collectors;
6. Former CELSIUS CEO criminal trial date is scheduled to be September 17, 2024;
7. Foreign media: The scope of Singapore's money laundering survey has expanded, and the seizure amount reaches 2 billion US dollars;
8. Federal Reserve Mest: The Fed may be close to or reaching the peak of interest rate targets.
- The data of L2 is probably the situation, and you need to know it. Ethereum is currently pledged in some places to improve, but there is no particularly good solution at present, and it can only be delayed. Essence It can be seen from the Ethereum Foundation's article.
- This is the way
- You need to understand the changes and what happened in various regions.
The Singapore Financial Authority (MAS) released the fourth law enforcement report today. The report covers law enforcement operations adopted from January 2022 to June 2023 on violation of the regulatory requirements of the HKMA. These include:
-Thisy against the four financial institutions and Wirecard affiliates and key actions related to NOBLE Group Limited and Sanjian Capital.
-An a comprehensive fine of US $ 7.1 million for anti -money laundering -related violations, a civil fine of US $ 12.96 million in market abuse cases.
-18 forbidden order for unqualified representatives.
-39 individuals involved in market misconduct and related crimes were convicted; this was the result of joint investigation with the Singapore Police Force Business Affairs Department (CAD).
The report contains new functions that can disclose MAS's law enforcement activities more in detail, and more comprehensively cover MAS and CAD's joint investigation work in the "Securities and Futures Law" and the "Finance Consultant Law":
-S statistical data for case review and investigation within the reporting period shall be subdivided by crime type.
-Che more detailed information about law enforcement results on criminal types.
The law enforcement focus of MAS 2023 and 2024 includes:
-In the ability to resolve improper behaviors in the digital asset ecosystem, including cooperation with foreign regulatory agencies and law enforcement agencies to obtain and share information about error entities and individuals.
-Super attention to the situation of assets and wealth management agencies abide by the applicable laws and regulations, especially business behaviors and the requirements of anti -money laundering and cracking down on terrorism, and investigate the responsibility of senior management for their mistakes in their financial institutions as appropriate.
Patrick Hansen, the Director of Strategy and Policy of Circle Europe, said that in the context of the upcoming EU payment rules (PSD/PSD3), there will be some key changes in the EU payment field. Eric Ducoulombier, head of the European Commission (Retail and Payment) department, said we recommend to modify the "Settlement End instruction" (SFD) so that non -banks can access the payment system. We also recommend remedial measures for the repeated "de -risk" issues facing some payment institutions (PIS) and Electronic Monetary Agency (EMIS), which will greatly improve their ability to open and maintain bank accounts.
This means that the issuer of stablecoins (EMT) will be able to access the central bank payment system, ensure the security of funds in the central bank and reduce the trouble of opening the bank account. This is a good development for the innovation and competition in the EU payment field.
Kong Qingxun, a senior police officer of the Hong Kong Business Crime Investigation Division, said at a press conference of the Hong Kong Police and the Securities Regulatory Commission today that JPEX used advertising, social media, out -of -the -market shops, and KOL to promote platform services. Claiming low -risk high returns, and many of the citizens who have been deceived in the case lack the experience of virtual currency investment. Describe the return of JPEX's claim "unbelievable", and it is also recommended that users convert other cryptocurrencies into the JPC token issued by JPEX issued by JPEX. The tokens are somewhat liquid on other platforms, and some of the bitter owners also hand over the "private key" of encrypted assets to JPEX.
Among the reporters, the number of investors involved in the number of funds reached 40 million yuan. She continued that JPEX's propaganda was attracted by "making money every day, no loss", and made the citizens believe that the investment was considerable. The role of the arrested person is the person in charge of the company involved in the case or out -of -the -counter. It does not rule out that more people are arrested. About 1.2 billion yuan involved is calculated based on the amount of the reporter's deposit.
For JPEx, he is still in the transaction encryption assets. When asked if he was able to freeze his operation, Kong Qingxun only said that JPEX had removed the wealth management product page on September 18.
- @lenster.lens Is there a question about whether the user needs to be improved when users watch multiple pictures. Can you improve it and change it directly to browse the next picture without having to open a certain picture separately every time.
Because this experience is really not particularly good, is it my personal problem?
- What did Bitcoin go through this week? This is a nightmare for people participating in leverage, so it has always reminded people that try not to use leverage as much as possible. Because this will push people to the abyss never turn back.
Know the base members from certain communities. Because of the use of leverage, he fell into the Jedi. And enable your life to cause irreparable losses
Far away from futures contract
- Professionals such as VitalikButerin have encountered security problems on traditional social platforms. The security problem has reached the point where it is necessary to solve it because it involves many fraud issues.
- The purpose of socializing is to allow those participating in socialization to gain a sense of recognition. This is dependent on social products. In this process, users will learn, and they will know a group of like -minded people to move towards a direction.
This includes all kinds of participants, content creative providers, and loyal people who pay for content. Of course, there should be bad frauds. This is an unavoidable situation.
The incentive mechanism and review mechanism are inevitable, which is a major challenge for decentralization, because it is necessary to solve the decentralization and find a way to solve the problem of auditing users.
Personally, I think decentralization is the primary problem that should be resolved at the agreement level. The audit mechanism should be handed over to the entire social network, such as reporting proof and submission of review.
- Early morning sunshine
A comfortable day
- Token cross -chain services have been attacked in the past two years. And caused a loss of up🙂 to hundreds of millions of dollars. Some of them are related to the code, and some are related to artificially.
Remind people to be more cautious about cross -chain services. Responsible for your own funds
- Sometimes people may think, what does L2 exist for the sake of existence? Personally, I look forward to Ethereum's sharding technology. I think if Ethereum's sharding technology is successfully launched, it will help the encrypted community to popularize more people.
It can be said to say your opinion
- From sunrise to sunset, one -day cycle is so round -trip. Sometimes people should let go of anxiety, because this really affects people's every day.
Live well, and get along every day with each one around you.
May a beautiful day bring to everyone.
- A very interesting video, this may be the meaning of people's lives. Pursue a more perfect self, don't leave regret
- Don't let the #summeroflens end 🥲🌸
- The US Securities and Exchange Commission (SEC) held a closed -door meeting on Thursday, August 31, 2023. There were rumors that this confidential meeting may involve reconciliation with Ripple. The U.S. Securities and Exchange Commission's subsequent release of the "The Sunshine Act Notice" provides limited details about the meeting, and also leaves space for market speculation. It is said that the relevant discussion themes involve the formulation and settlement of the ban operation, and Administrative litigation agencies are related to the resolution of, resolution of litigation claims, and other matters related to inspection and law enforcement procedures. It should be noted that as of now, the US Securities and Exchange Commission and Ripple Labs have not yet provided official confirmation or any specific details about the discussion.
Golden Finance previously reported that Ripple proposed a motion against the SEC intermediate appeal.
- @eigenlayer free mint NFT
You can now mint for free EigenWorld, second collection of EigenLayer
Minting period: Aug 23rd 1pm EST - Aug 30th 1pm EST
http://mint.eigenlayer.xyz
You can mint only one of their 3 NFTs
Restaker: if you have restaked in EigenLayer
Collector: you need to hold the Zora NFT
Base Layer: if you had no interaction with the EigenLayer ecosystem