In October 2024, the Web3 game market performed steadily. This report analyzes key developments such as the number of Web3 game users reaching a record high, the explosion of on-chain Telegram games, and the entry of traditional game giant Ubisoft. (Previous summary: On-chain indicators have fallen across the board. Who killed the vitality of Telegram games?) (Background supplement: Understanding the rules of the encryption game will help you become a market winner) In October 2024, the Web3 game market performed stably, and more The broader crypto market growth trends are in contrast. Bitcoin gained 15.9% during the month and is close to its all-time price high, while the gaming token’s market capitalization remained at $21.15 billion, similar to the previous month. Daily active users reached 5.3 million, mainly driven by games based on Telegram. In particular, blockchains such as Matchain, Sui and Core have achieved significant user growth through the introduction of Telegram games. There were several important developments this month: traditional gaming giant Ubisoft launched its first blockchain game on Oasys, and crypto fund VanEck invested in Gunzilla Games. Meanwhile, money continues to flow into the industry, with Azra Games receiving $42.7 million in funding, for example. Macro Market Review Crypto markets had a mixed performance in October, with Bitcoin showing significant strength and gains elsewhere being more modest. Bitcoin rose 15.9% from $60,764 to $70,398. Notably, Bitcoin hit $72,751 on October 29, close to its all-time high of $73,104 set on March 14, 2024. In comparison, Ethereum’s performance was more muted, rising just 2.7% from $2,453 to $2,519. Source: Bitcoin and Ethereum Price Trends The crypto market in October was significantly affected by the macroeconomic environment. The dollar strengthened, the yuan weakened, and worries about trade tensions and tariff risks intensified. This currency move has been accompanied by rising bond yields and rising gold prices, signaling a complex shift in global risk perceptions and investment flows. As the U.S. election approaches, political factors increasingly influence market sentiment. Bitcoin's gains accelerated as investors positioned themselves ahead of possible policy changes and the market weighed the impact that different election results might have on digital asset regulation and financial policy. Institutional activity remained strong during the month, with Bitcoin exchange-traded products (ETPs) recording significant net inflows. This continued institutional interest, coupled with the significant divergence of Bitcoin’s performance from the rest of the crypto space, shows that large investors are becoming increasingly selective. Regulatory developments continue to impact the market landscape. The FBI’s investigation into the NexFundAI token was a major milestone, leading to market manipulation charges against three cryptocurrency companies and 15 individuals. Meanwhile, Crypto.com’s legal action against the SEC highlights ongoing tensions between industry players and regulators. Overview of the Blockchain Game Market In October, the blockchain game industry showed mixed signals. The market value of tokens was stable, but user indicators showed relatively significant changes. The market cap of blockchain gaming tokens rose slightly from $21.07 billion to $21.15 billion. Source: Blockchain Game Token Market Cap and Bitcoin Market Cap User engagement indicators showed greater change, with daily active users (DAU) reaching a new high of 5.3 million in October, an increase of 11.3% from September. This growth was mainly driven by Matchain’s peak user metrics between October 10 and 13, when it launched four games in the Telegram ecosystem. The surge in gaming-related activity on Telegram continues to reshape user acquisition models. Source: Blockchain Game Daily Active Users The number of transactions showed moderate growth, with the average daily transaction volume reaching 9.3 million, a slight increase of 2.1% from September. However, this growth rate is still lower than DAU growth, with single-user transaction volume remaining unchanged from September. Data source: Number of daily transactions in blockchain games. The transaction amount shrank slightly, with the average daily transaction amount falling by 1.9% to 7.5 million. Source: Blockchain Gaming Daily Transaction Value These metrics have special significance within the broader context of cryptocurrency adoption. a16z released the (State of Cryptocurrency 2024) report, estimating that there are currently between 30 million and 60 million active crypto users, accounting for 5-10% of the total number of global crypto users of 617 million reported by Crypto.com in June 2024. This significant gap highlights a significant opportunity: converting existing cryptocurrency holders into active users.While Web3 gaming has long been viewed as an important catalyst for widespread blockchain adoption, its performance during the current market cycle shows that there are still challenges to realizing this potential. How are blockchain game builders adapting their strategies to bridge this participation gap? We will discuss more below. Overview of blockchain game public chains The number of active blockchain games reached 1,606 in October, a slight increase of 1.6% from September. BNB chain, Polygon and Ethereum lead the list with 22.5%, 18.4% and 13.6% market share respectively. Data source: The proportion of active game projects in each public chain. The DAU indicator shows changes in the competitive landscape, with opBNB, Ronin and the emerging Matchain becoming the best-performing chains. The average DAUs of these chains were 1.2 million, 886,000, and 548,000 respectively, accounting for 25.6%, 13.1%, and 11.2% of the DAU market share respectively by the end of October. Data source: The number of daily active game users on each public chain opBNB has strong growth momentum, with average daily DAU increasing by 10.5% compared with September, mainly driven by GombleGames and Alliance Games, whose users increased by more than 100% and 78% respectively. . Interestingly, this increase reflects the BNB chain’s shift of blockchain gaming to opBNB development, while the BNB chain itself saw a 43.8% drop in daily average DAU. Matchain, a decentralized AI blockchain focused on data and identity sovereignty, launched its mainnet in August. The chain’s average daily users surged from 78 in September to 548,000 in October, driven primarily by Telegram-based games such as LOL, Jumper and Digiverse. Matchain’s performance peaked between October 9 and 13, with an average DAU of 2 million, and even peaked at 3.3 million DAU on October 12. Although the number of users has dropped significantly since then, it stabilized at about 615,000 in the last week of October. DAU...

Recently, a screenshot of an article from five years ago was widely circulated in the currency circle community. The text of the article stated that a Hangzhou woman spent more than 3 million yuan to buy 60 bitcoins and was sent to a mental hospital by her husband for treatment. Based on the price at that time, the cost of Bitcoin was about US$7,000 to US$10,000. If the woman had held it for five years, she could have made nearly 35 million yuan. (Preliminary summary: Overheating signal? Robinhood and Coinbase dominate the US App Store financial management rankings, and Google Bitcoin search popularity reaches its peak) (Background supplement: Arthur Hayes’ new perspective: Trump’s administration will open unlimited QE, Bitcoin Expected to reach US$1 million) After Trump won the US presidential election, Bitcoin not only continued to set new historical highs recently, but also once approached the US$90,000 mark, causing the crypto community to say that the bull market has arrived. While everyone was immersed in the joy of the bull market, a piece of news from five years ago once again sparked heated discussion in the community. Hangzhou woman bought Bitcoin and was sent to a mental hospital by her husband. Recently, a screenshot of an article titled (Hangzhou woman bought Bitcoin and was sent to a mental hospital by her husband) went viral on social media. The article was published on November 14, 2019. The content reads Tao: According to news from Toutiao today, on the eve of Double Eleven, a woman in Hangzhou bought about 60 Bitcoins for more than 3 million yuan (RMB). Her husband saw that her bank card was emptied and sent her directly to a psychiatric department. The attending doctor at Hangzhou Hospital said that he had severe compulsive consumption disorder and needed treatment. The patient has now entered psychiatric treatment. However, it is understood that Toutiao is a Chinese social media platform that uses algorithms to filter and recommend daily selected content from various news and articles based on users’ reading preferences. Since the platform collects various news and self-media articles, and the article is five years old, the source of the information is difficult to trace, so it is impossible to judge its authenticity. You can earn 35 million yuan with a long-term hug in 5 years. Interestingly, this article was also widely circulated by the currency community in 2021. At that time, Bitcoin rose to a maximum of 69,000 US dollars in the bull market. Everyone thought that the woman’s husband was the one who wanted to Arrested and sent to a mental hospital. In this bull market, Bitcoin has risen as high as $89,940.According to dynamic calculations, if the woman had held Bitcoin so far, based on the highest price, the 60 Bitcoins she purchased could be sold for US$5,396,400 (approximately RMB 39 million). In addition, according to the article description, the woman purchased 60 Bitcoins for more than 3 million yuan. Since it was impossible to determine the specific time of her purchase, the author calculated that the cost of 60 Bitcoins was approximately RMB 3.99 million based on the highest price of US$9,505 shortly before the incident. Finally, after deducting costs from the maximum sales amount, the woman’s net profit was approximately RMB 35 million, an increase of 875%. Although many people ridiculed the woman's husband on the community for not understanding the value of Bitcoin, who could actually hold 60 Bitcoins for 5 years? If we look closer, maybe this woman’s husband is the more rational party, because Bitcoin once plummeted to $6,000 to $7,000 in December 2019. Related reports: Trump nominates Bitcoin advocate Pete Hegseth as Secretary of Defense. Will the Pentagon pursue a BTC strategy? Footprint's October public chain industry research report: Bitcoin leads the market, Layer 2 competition intensifies... Isn't 90,000 mg a top? Glassnode: Bitcoin profit-taking is lower than the last peak, and there is still room for growth. "5 years ago today: A wife in Hangzhou bought Bitcoin and was sent to a mental hospital by her husband..." This article was first published in BlockTempo ( DongZuDongTren - the most influential blockchain news media).

AI chip giant Huida and SoftBank announced today that they will launch a series of cooperation. SoftBank will be the first to use Huida's latest Blackwell platform to build Japan's most powerful AI supercomputer. In addition, the two parties have successfully tested the world's first combination of AI and 5G. Telecom networks. (Preliminary summary: Minister of Economic Affairs: Clouded Leopard Energy relied on the fake news of "Huida to invest in Taiwan" to speculate in the stock market and said a lot of things that should not be said...) (Background supplement: Huida replaced Intel and became a component stock of the Dow Jones Index; Intel Q3 achieved a record high The largest loss in history) AI chip giant Huida issued a press release on the 12th, announcing a series of cooperation with SoftBank Group. The purpose is to accelerate Japan’s sovereign AI plan and further consolidate its global technology leadership, while also providing global telecommunications service providers. Unleashing billions of dollars in AI business opportunities. Huida and SoftBank join hands to promote AI Huida founder and CEO Huang Renxun revealed the three core plans of the cooperation between the two parties at the NVIDIA AI Japan Summit in Tokyo. First, SoftBank will use the latest Huida Blackwell platform to build Japan's most powerful AI supercomputer to date. The system will use the world's first Huida DGX B200 system, which will not only provide Softbank with the development of generative AI, but will also be open to all Japan. used by universities, research institutions and businesses. In addition, SoftBank also plans to build another supercomputer based on the more advanced Grace Blackwell platform to cope with more intensive computing needs. Second, Huida collaborated with SoftBank to develop the world's first telecom network system (AI-RAN) that combines AI and 5G. This innovation not only achieves telecom carrier-level 5G performance, but also makes good use of idle network capacity to perform AI calculations. , creating new revenue sources for telecom operators. SoftBank's AI-RAN solution is estimated to save 40% of electricity consumption compared with traditional 5G infrastructure, and can be used in aspects such as autonomous driving assistance and robot control. According to Huida and SoftBank's evaluation, the AI-RAN investment return rate for telecom operators can reach 5 times, and the profit margin of each AI RAN server is as high as 219%. The third important cooperation is to build an AI marketplace. The AI ​​trading platform created by SoftBank using NVIDIA AI Enterprise software will meet Japan's ardent demand for secure AI computing services. The platform supports AI training and edge computing inference, making SoftBank a link An important hub for AI supply and demand in Japan. SoftBank was once the largest shareholder of Huida. SoftBank was once a shareholder of Huida, but in 2019 it sold out its 4.9% stake in Huida purchased for US$700 million and cashed out US$3.3 billion. SoftBank founder Masayoshi Son met with Huang Jensen at the summit on Wednesday. When appearing on the same stage, Huang Renxun jokingly reminded that SoftBank was previously Huida's largest shareholder, with the current shareholding value of about 178 billion US dollars. Son Masayoshi immediately cried and fainted on Huang Renxun's shoulder, and Huang Renxun hugged and comforted him. Bloomberg reports that the Japanese government has allocated 4 trillion yen ($26 billion) to strengthen its domestic chip production capabilities, including an ambitious project to build a state-of-the-art wafer fab from the ground up by Rapidus to challenge the challenge of manufacturing Huida. Chipmaker TSMC, Japanese Prime Minister Shigeru Ishiba also pledged to provide more than $65 billion in new support for the country's semiconductor and AI industries. Related reports: Huida releases AI cash flow detection technology: Can it speed up the tracking of criminals in the chain and the investigation of the Ke Wenzhe case? Huida GB200 "Highest-end AI Server" is up for grabs from major cloud manufacturers! Hon Hai OEM orders are booming: demand is crazy. Is the GPU bubble about to burst? Expert: The rental price of Huida H100 dropped to "2 US dollars per hour" and why the demand dropped sharply. "Huida cooperates with SoftBank to launch three major projects: the first AI + 5G telecommunications network, building Japan's most powerful supercomputer, and AI market." The article was first published in BlockTempo, the most influential blockchain news media.

L1 public chain Monad announced the final list of Monad Madness Bangkok. The 25 selected projects will be shared on-site on November 16 to select the list that will advance to the finals on November 17. (Previous summary: Monad announced that the second "Monad Madness" will be held in Bangkok from November 16th to 17th) (Background supplement: Ethereum technology peak showdown: MegaETH VS Monad) This article is a press release, written and provided by Monad, not Representing the position of the dynamic zone On November 12, according to official news, Monad announced the final list of Monad Madness Bangkok. A total of 25 projects will participate in the on-site sharing on November 16 and determine the final list. The selected projects cover AI, games, DeFi and other fields. After the sharing on November 16th, the finalists will be decided on November 17th. It is reported that Monad Madness is an important event launched by Monad, which will be the largest stage available to any team building a project on its platform. The event will select different teams to compete in each competition location, and more than 60 venture capital institutions will watch the roadshow, with more than $60 million in expressed investment intentions. The 25 teams competing at Monad Madness Bangkok! @RareBetSports: Building the culture of sports onchain. Powered by RareLink and a suite of consumer friendly dApps, all fueled by the RBS Oracle@gaib_ai: The economic layer for AI, tokenizing GPUs and their yield to make… pic.twitter.com/MrwQAXQJnu — Monad Eco (@monad_eco) November 12, 2024 Related reports Which projects deserve focus in the next L1 battle? Sui, Aptos, Aleo, Celestia, Monad... Statistics of 1200+ projects: Ethereum ecological failure rate is 20%, slightly winning over Solana, venture capital’s favorite Bitcoin network Comments) Which coins can be speculated and which ones should be careful? "Monad announces the final list of (Monad Madness Bangkok), and 25 projects will be shared live on 11/16." This article was first published in BlockTempo (the most influential blockchain news media).

HashKey Group has spent ten years grinding out one coin and announced that it will list the ecological token HSK on HashKey Global, which is the world's first "compliant ecological currency". The role of HSK is like the blood of HashKey. Through endless oxygen supply and energy supply, it transports value and revitalizes the entire HashKey ecosystem. (Related supplement: HashKey Global launches the HashKey Group ecological currency $HSK for the first time in the world) (Related supplement: Hong Kong concept) HashKey Group launches the ecological point token $HSK, understand the rights and distribution mechanism) This article is a Guang editor, written by Web3husky, It is provided and does not represent the position of Dongzhong, nor is it investment advice, purchase or sale advice. See the liability warning at the end of the article for details. Last week, Trump’s victory sounded the clarion call for the crypto bull market. As Bitcoin takes the lead in breaking through all-time highs, market sentiment is getting stronger and investor confidence is gradually recovering, paving the way for the acceleration of the mainstreaming of cryptocurrencies. What is different from the past is that against the backdrop of a gradually tightening global regulatory environment, the focus of this bull market has turned to innovation and competition within the compliance framework. The new cycle is bound to produce new narratives. For a long time, "compliance" has not been a business that everyone can do. The cost is high and the consensus is that it is not popular but has high barriers to entry. But we must also face the fact that the era of Web3 supervision arbitrage is over. After Trump is elected as the new president of the United States, he will inevitably lead a "policy-based bull market." "Compliance funds" from traditional financial institutions will enter the market as an increase, which also means that the capital structure and competition pattern of the crypto market will change. Profound changes. Based on this market background, HashKey Group announced that it will list the ecological token HSK on HashKey Global, which is also the world's first "compliant ecological currency". As a carrier that carries the value of the entire HashKey ecosystem, HSK's continued empowerment will attract widespread participation from users in the global Web3 community. Looking at the market, Coinbase, a well-known compliance exchange, has not yet issued coins. Although offshore exchanges have platform coins, most of them are not compliant, and the space will become smaller and smaller in the future. From this point of view, HashKey, which has been "compliant from the first day of its birth", seems to have chosen to use HSK, the world's first compliant ecological currency, to explore the innovative boundaries of compliant business. This is not a bold move. But just like when Dr. Xiao Feng, chairman and CEO of HashKey Group, invested in Ethereum ten years ago, this was not a "brain-slapping" business, but "a long-planned business." According to the official introduction, HSK is not a simple exchange “platform currency”, but an “ecological currency”. The role of HSK is like the blood of HashKey. Through endless oxygen supply and energy supply, it transports value and revitalizes the entire HashKey ecosystem. In the huge HashKey business empire, one coin is lost every 10 years, and HSK is the value capturer in it. A new round of value gears are already turning. Take your time, it’s faster. To understand the value support behind HSK, you must first understand the various parts of the HashKey business empire. Spanning several bull and bear markets, HashKey has established global licensed exchanges, investment and asset management, tokenization, infrastructure services and other fields. At the beginning of this year, HashKey Group completed nearly US$100 million in Series A financing, with a valuation of more than US$1.2 billion. No matter in terms of life cycle or business top level, almost no project can match it. Among them, the exchange business is the castle and core pillar of HashKey, and its compliance and high threshold constitute an insurmountable barrier. Tokenisation, Cloud and Capital are moats, and HashKey is committed to making them both deep and wide, forming a huge ecosystem. HashKey Chain connects all existing ecology to form a system that can promote the collaboration of strangers on a large scale. All ecological links promote each other and jointly provide nutrients and vitality to the castle business. Let’s first talk about the original intention of HashKey - HashKey Capital. As one of the world's top institutional asset management companies, HashKey Capital was established in 2018 and is also known as "Asia a16z". The report shows that HashKey Capital's fund management scale will reach US$1 billion in 2024, and it has invested in more than 600 blockchain projects. Recent investments include well-known projects such as Berachain, Babylon, Aethir, and Catizen. Among the Boshi HashKey Bitcoin ETF and Boshi HashKey Ethereum ETF released this year, HashKey Capital serves as the deputy fund manager and is jointly issued with Boshi International. HashKey Capital's long-term positive externalities and good reputation have helped brands build an impenetrable moat. The moat effect has also helped HashKey develop its core business, which is HashKey’s castle-compliant exchange. HashKey has compliance licenses in Hong Kong, Bermuda, Japan, and Singapore. The most well-known of them are the two major compliance exchanges, HashKey Exchange and HashKey Global. HashKey Exchange began applying for a license in 2019 and obtained licenses 1 and 7 in 2022. Judging from the development of major exchanges in the market, HashKey Exchange is a latecomer. However, the brand effect of HashKey Group has made HashKey Exchange quickly and widely accepted in the Hong Kong local market, and has also established a good reputation among overseas Chinese customers around the world. At present, the total trading volume of HashKey Exchange has exceeded 535 billion Hong Kong dollars, and the capital investment is about to exceed 6 billion Hong Kong dollars. It is already the largest compliant virtual asset exchange in Hong Kong. Time is neither long nor short. HashKey Exchange has been in Hong Kong for 5 years, accompanying the Hong Kong Web3 market to improve step by step, and working together with supervision to cross the river. Today, Hong Kong's virtual asset market has entered a development period from a cautious review period, and will even become a new compliance model for global virtual asset transactions in the future. HashKey Exchange has always been a "learning committee" among them. HashKey Global, an offshore compliance exchange that obtained a Bermuda license this year, is growing rapidly. It has achieved profitability 2 months after being launched. As of November 11, according to the latest data from Coingecko, HashKey Global ranks 7th in global transactions, becoming one of the fastest growing licensed exchanges in the world in 2024. Of course, the value of a compliant exchange is not just as simple as a few licenses. It is also the key to supporting a series of unique compliance scenarios. For example, HashKey currently focuses on the advantages of legal currency channels, which are irreplaceable. In the future, it will even have the ability to establish global bank channels, which is now beginning to take shape in Hong Kong. Another example...

The South Korean police announced today that they arrested 215 people related to similar investment consulting companies on charges of fraud and other crimes under the Specific Economic Crimes Aggravated Punishment Act, and detained 12 people including the leader, Mr. A, a Youtuber (pseudonym). The group is suspected of defrauding more than 15,000 people by "investing in virtual currency" and defrauding a total amount of 325.6 billion won. (Preliminary summary: People who hold large amounts of USDT "are afraid of being defrauded." Why did the criminal police say that?) (Background supplement: ACE virtual currency case) The fraud leader opened a monastery in Yilan to brainwash believers to donate money, chant Buddhism and practice Dharma, and sell garbage coins) Nowadays, with the rapid development of the Internet, audio-visual and social platforms have been integrated into people's lives. On these platforms, Internet influencers who attract audiences through their operations have gradually become the emerging spokespersons of the Internet generation. Among these online influencers, some monetize their traffic and popularity through job placement and advertising; others choose to take advantage of the support and trust of their fans and harvest their money through deceptive tactics. A fraud group headed by a Youtuber defrauded more than 320 billion won. According to Yonhap News Agency, the South Korean police announced today (13th) that 215 related personnel of similar investment consulting companies were arrested on charges of fraud and other crimes under the (Aggravated Punishment for Specific Economic Crimes Act). And detained 12 people including the leader Youtuber Mr. A (pseudonym). In addition, the police have additionally charged these individuals with the organization, participation and activities of organized criminal groups. According to the police, Mr. A is suspected of defrauding 15,304 people of 325.6 billion won (worth approximately US$231 million) in the name of investment funds by selling and issuing 28 virtual assets between December 2021 and March 2023. The police also said that this was the largest virtual currency investment fraud case in history. Advertising rhetoric provided by the Gyeonggi Southern Police Agency induces fans to invest in junk tokens. According to police investigations, Mr. A, a Youtuber with 620,000 subscribers, had his recommended stocks suspended from trading in 2020, causing members to collectively demand refunds. In order to recover losses, Mr. A began to engage in the sale of virtual currencies. In order to defraud fans of money, Mr. A first established a holding company, and set up 6 quasi-investment consulting companies and 10 sales companies under the company's name, including general management, middle management, currency issuance, price control, data account provision, There are 15 organizations with clear division of labor such as currency sales and fund laundering. Then, Mr. A used Youtube courses and advertising methods to obtain about 9 million mobile phone numbers, conducted indiscriminate phone marketing, and used words such as "20 times the principal", "opportunity to change your destiny", "selling real estate or buying a virtual loan with a loan". Currency" and other statements to induce investment. After investigation, it was found that 6 of the 28 tokens sold were self-issued and listed on overseas exchanges through brokers, then raised the price through self-purchase, and finally sold to investors. Although the remaining 22 tokens are not self-issued, there is scant information in South Korea, extremely low trading volume, and almost no actual value. In addition, the group also promotes other virtual currencies to investors who have already suffered losses in stocks or virtual currencies, claiming that they can "make up for previous losses with high profit potential." Not only that, the group will also use fake business cards and fake mobile phone numbers to impersonate financial regulators, deceive investors into providing identity documents to obtain compensation for losses, and thereby steal their identity information for credit loans. It is understood that most of the victims are middle-aged and elderly people, and the maximum personal investment losses reached 1.2 billion won (approximately US$853,000). The scale of the Taiwan ACE fraud case exceeds NT$2.2 billion. On the other hand, there are similar fraud cases in Taiwan. According to previous reports in the dynamic zone, Taiwan’s ACE Ace Exchange was involved in the sale of MOCT (Magic Coin), NFTC, BNAT, etc. in January this year. A variety of junk tokens, and the leaders of the fraud groups who sold these air coins were successively prosecuted by the police. On April 26 this year, the Taipei District Prosecutor’s Office also announced the conclusion of the investigation into the case, and prosecuted the leader of the fraud group Lin Genghong, the former head of ACE Ace Exchange Pan Yizhang, lawyer Wang Chenhuan, etc. 32 on charges of organized crime, fraud, money laundering, etc. people, and sought severe sentences of more than 20 years in prison for the four main suspects. So far, the prosecutors have obtained more than 2.25 billion yuan in criminal proceeds, the total number of defendants in the case has reached 138, and 1,590 people have reported the case, and the number of victims and the amount of fraud continues to increase. Related reports: South Korea’s second largest exchange, Bithumb, is considering a U.S. IPO. Can it put aside the shadow of scandal and regain its top spot? Korean National Pension’s “investment in Bitcoin” is controversial: buying Coinbase, micro-strategy, non-direct investment in BTC. Does the rare “1% discount” in the Korean Bitcoin market indicate that a BTC reversal is coming? "Korean internet celebrity made $210 million by selling junk coins, and 620,000 Youtubers have their homes filled with money, becoming the mastermind of a fraud group." This article was first published on BlockTempo, the most influential blockchain news media ).

Unichain has the potential to become the next center of DeFi due to its speed, fairness of MEV redistribution, and the interoperability it may offer. This article originates from an article written by IOSG Ventures, organized and compiled by odaily. (Preliminary summary: Is DAO governance a joke? Uniswap's promotion of Unichain was questioned as "violating the spirit of decentralization": the community's opinions were not asked at all...) (Background supplement: Why is Unichain said to be an inevitable development? What will it bring to Uniswap's future? Changes) Over the years, Uniswap has been continuously promoting functional and innovative reforms to make the exchange more user-friendly and fair. For example, we see the mobile version of Uniswap Mobile, Fillers Network in UniswapX, ERC-7682 for unifying cross-chain intent standards, and the upcoming opening of hooks for customized AMM pools in Uniswap V4, etc. On October 10, Uniswap announced their generally optimistic Rollup, Unichain. The chain aims to become a one-stop liquidity center in the super chain ecosystem, providing traders with a near-instant exchange experience and lower spreads, while maximizing the privacy and integrity of MEV participants in the process. , and use TEE in the process. While these visions are impressive, users have questioned the need for another L2, with some including Vitalik commenting on Unichain = "Every copy of Uniswap on Rollup." In other words, he believes that launching a Uniswap clone on a new chain actually serves the same purpose as launching Unichain itself. So, is Unichain a good thing or a bad thing? Today’s article will discuss the architecture of Unichain and understand the “necessity” of Unichain. 1. What is Unichain? Unichain is an optimistic rollup designed to perform near-instant transactions while using privacy technology TEE to minimize potential impact on on-chain LPs and exchangers. Because Unichain is built with the same properties and standards as other optimistic rollup chains, it can now take advantage of interoperability in the hyperchain ecosystem and access shared liquidity across the network. To this end, Unichain brings 4 major innovations: Rollup-Boost and Sequencer Builder separate block construction in TEE Flashblock Unichain Verification Network (UVN) 1.1 Rollup Boost: Sequencer Proposer separation (SBS) block building (Block Building) is the key to solving the MEV problem. Before MEV Boost, Ethereum was plagued by censorship risks and poor user experience. Users face high transaction fees and front-running issues due to fierce competition among searchers for profit-driven order inclusion. To solve these problems, flashbot built MEV-boost. MEV Boost differentiates the roles of block builders and proposers by introducing relayers to aggregate the roles of block builders and proposers and submit the most profitable blocks to proposers for signature. This design effectively decentralizes the MEV extraction process and democratizes MEV profits between validators and professional builders. The concept of Rollup Boost is similar to MEV Boost, in which L2 with SBS (Sequencer Builder Separation) enabled can separate the block construction process from the sequencer's execution engine through a system called "Block Builder Sidecar". In short, there are 4 main components inside the system: OP-node OP-geth Sidecar / Blockbuilder Sidecar External block builder Below is the optimization architecture diagram, we can see that the sequencer node (aka op-chain) is composed of Op -geth and Op-node composition. To distinguish the roles of slot block construction and proposals in the sequencer, an element called Sidecar was added. Sidecars enable OP nodes to receive blocks from external builders, thereby establishing a marketplace between block builders and proposers. The workflow is as follows: 1. The OP node transmits updates to the sidecar. 2. The sidecar acts as a middleman to forward updates to op-geth 3. When the OP node requests a block from OP-geth, the sidecar intercepts the request. 4. The sidecar then forwards the request to external block builders, which is the "gap" where external builders can bid and compete. 5. After receiving the external/winner block, the sidecar transmits it to the OP node. 6. If no block is received, the sidecar will forward the locally generated block. The main benefit of the block builder sidecar is that upgrades do not require modifications to the OP chain client, while allowing for more flexible, streamlined and censorship-resistant transaction ordering rules.However, some delays may occur due to the addition of intermediaries (sidecars). 1.2 Rollup Boost: Sequencer Proposer Separation (SBS) Rollup Boost takes this process a step further by introducing a Trusted Execution Environment (TEE) into the block construction process to ensure transaction integrity. Instant performance is possible thanks to the latest hardware advancements like Intel TDX. For those unfamiliar with TEEs, they are secure areas within a processor or hardware that provide enhanced privacy by preventing unauthorized entities from reading the material inside. At the same time, TEE maintains a high level of integrity because the code within the TEE cannot be modified or replaced. In the context of Rollup Boost, Unichain will use TEE builders to reduce the risk of MEV leaks. This means that when a bundle or transaction is delivered to a TEE block builder, the integrity aspect of TEE guarantees that the order in which transactions arrive at the builder is not affected by external parties trying to extract more MEV. Additionally, TEE provides trustless restore protection, which protects consumers from failed transactions because TEE can perform simulations and any restored transactions will be detected and eliminated before processing. This not only improves the efficiency of the AMM (since no failed transactions will go through), but also improves the overall user experience, especially when transaction volume is high. In order to increase the transparency of the ordering and block construction process, proof of execution will be made public to users after the block is generated. This proves...

Stimulated by the effect of Trump’s election, Bitcoin broke through the historical high in March last week and hit new highs repeatedly. It approached the US$90,000 mark yesterday. This has enabled Bitcoin holders to realize a profit of US$20.4 billion, but Glassnode’s latest According to the report’s analysis, Bitcoin’s profit-taking intensity is still lower than its historical peak, and further gains are still possible. (Preliminary summary: Bitcoin failed to challenge 90,000 and fell below 88,000 magnesium. Former Fed hawk: The number of interest rate cuts may be reduced after Trump takes office, and U.S. stocks will fall) (Background supplement: Arthur Hayes New perspective: Trump President Trump will start unlimited QE, and Bitcoin is expected to reach $1 million) After the results of the US presidential election were released, the market generally believed that US President-elect Trump would adopt a more cryptocurrency-friendly stance after taking office, pushing the price of Bitcoin to continue to soar. , setting a new all-time high. It once reached a mark of nearly 90,000 US dollars yesterday, but then experienced a significant correction and is now at 87,282 US dollars. However, the increase in the past month is still nearly 40%. Glassnode said there is still room for growth. Glassnode released its latest report on the 12th, stating that Bitcoin soared to a record high. Thanks to strong spot demand and institutional capital inflows, Bitcoin has entered a new round of price discovery stage, and all circulating supply has been Take Profit: Historically, the mania phase lasts about 22 days before a correction occurs, taking more than 5% of supply below the original purchase price. The current rally, which has sustained high profit levels for 12 consecutive days, highlights strong market sentiment but also hints at the possibility of a correction ahead based on past patterns. The price discovery phase of Bitcoin after reaching new highs. Image source: Glassnode Glassnode mentioned that since entering the price discovery phase after a new round of new highs, there have been US$20.4 billion in realized profits. Although the amount of profit-taking is considerable, it is still lower than the historical peak, which hints at the potential demand Bitcoin may have further room to rise before it dries up. According to Glassnode data, since Bitcoin broke through the March historical high of US$73,679 on the 5th, the daily realized profits have averaged approximately US$1.56 billion, which is only about the daily realized profits during the previous cycle's March historical high. Half of $3 billion. Bitcoin has realized profit changes. Source: Glassnode Traders continue to be optimistic Some traders are optimistic about whether Bitcoin can have more room to rise in the future. Swan Bitcoin CEO Cory Klippsten analyzed that Bitcoin can still maintain its current status after surging sharply on weak trading volume over the weekend. For the price level, it's amazing. Robert Kiyosaki, author of the best-selling financial book (Rich Dad, Poor Dad), said that he will continue to buy Bitcoin until it exceeds $100,000, and then he will stop, and then it is not the time to be greedy. WealthSquad Chris said that Bitcoin is still cheap at only $89,000, and when Bitcoin surpasses the market cap of gold and the price of Bitcoin reaches more than $500,000, people will realize that this is the most obvious thing ever. Morgan Creek Digital co-founder Anthony Pompliano believes there is now a race between debt and the price of Bitcoin, which has gained more than 40% in value in the past three months while U.S. politicians have added $850 billion to the national debt. Related reports CZ: If you believe the "Bitcoin is dead" statement, you can only blame yourself... BTC hits the US$90,000 mark. Bitcoin market value surpasses silver to become the "8th largest asset in the world" Analyst: BTC spot in January next year ETF is expected to surpass gold ETF. Bitcoin mad bull is coming. How can small-capital players maximize their profits? "90,000 mg is not the top? Glassnode: Bitcoin profit-taking is lower than the last peak, and there is still room for growth." This article was first published on BlockTempo, the most influential blockchain news media).

Sui and Aptos are high-performance public chains based on the Move language, aiming to improve the transaction efficiency and user experience of the blockchain. These two public chains have received attention recently, especially in terms of capital inflows and ecosystem development. The success of these public chains depends on their infrastructure, user activity and market strategies. It is important for investors to understand their strengths and weaknesses. This article originates from an article written by Charlotte, organized and compiled by PANewsr. (Preliminary summary: A quick look at the ten award-winning projects of the Movement Hackathon, can they replicate the growth of Sui and Aptos?) (Background supplement: DWF release: What are the differences between Sui, Aptos and Movement, a Move-based public chain?) As the price of BTC breaks through At $89,000, the market has entered a long-lost bull market atmosphere, and altcoins have risen sharply, with many public chain tokens nearly doubling in price. The recovery of the market has not brought about the emergence of mainstream sectors. The market currently lacks a mainstream narrative and may continue to show this trend for some time to come. In the absence of a main narrative, using the public chain ecosystem as an entry point to find Beta and Alpha may be a feasible trading strategy in the future. Therefore, we explored an analytical framework within which to analyze and compare Sui and Aptos, which have been outstanding recent performers. Analysis framework: How to evaluate the public chain ecology? The most direct influencing factor of the outbreak of public chains will be the massive influx of funds. The influx of large amounts of liquidity will promote the development of the entire ecosystem. The wealth creation effect brought about by excess liquidity will attract more market attention and funds into the ecosystem. , and continuously promote ecological activity. Therefore, when evaluating the public chain ecology, we will pay the most attention to factors that may cause large inflows of funds and the public chain's ability to handle liquidity, as well as data indicators that can reflect the inflow of funds and users. Whether it is ETH in the ICO and NFT period, SOL in the Memecoin period, or BTC in the Inscription period (while promoting the demand and consumption of BTC through mining and purchasing), they are all standard tokens for transactions. When NFT, Meme, etc. have a strong wealth creation effect, users need to purchase native tokens to enter the new Crypto Casino, creating a huge native purchase demand for public chain tokens, thereby promoting price increases and ecological prosperity. These large Casinos are not only part of the ecosystem, but also directly promote the growth of public chain tokens through the prosperity of the ecosystem. They also attract a large amount of funds into the chain. The excess liquidity will enrich other ecological projects, thereby revitalizing the entire ecosystem. In this dimension, there is actually a conflict between public chains and exchanges. A large number of high-quality TGE projects directly enter the exchanges without benefiting the public chain itself. If you want to form local currency transactions of public chain tokens, you must rely on existing (or This is true for new assets that only exist on the chain in the initial stage, such as NFT, inscriptions, and Meme. We will pay close attention to new asset issuance methods with wealth creation effects on different public chains, but we have not yet seen significant innovation, so In the short term, attention will be paid to which public chain will take on more liquidity excess from Solana on the Meme track. The degree of perfection of the ecological infrastructure, as well as whether there are windows and incentives to attract liquidity. The degree of perfection of the infrastructure determines whether funds are willing to stay after entering. User-friendly experience and rich capital interest-earning strategies will be more beneficial. Retention of users and funds. Windows and incentives to attract liquidity will be more conducive to promoting the entry of funds. There are three main channels for capital entry: other public chains, CEX and Web2. The friction of capital migration increases step by step. The more levels of capital can be attracted, the more conducive to the development of public chains. For example, Base is backed by Coinbase, opening up the path from the exchange directly to the chain. The issuance of cbBTC and liquidity guidance incentives have also attracted more TVL to the ecosystem. Solana is promoting the development of Payment and Payfi, hoping to attract Web2 funds to enter. on the chain. The development strategy and positioning of the public chain include the public chain's planning for development paths, main markets, and core tracks. For example, the Solana team has a very clear development path in this round. The core team started by promoting the Meme track, and through the Meme competition Dao attracted a large number of users and liquidity, and then vigorously promoted Payfi, DePIN and other tracks to give full play to the advantages of high-efficiency public chains, attracting a number of leading projects such as Render, Grass, and IO.net to settle in, and Ethereum is in this Wheel lacks a core development strategy, and its Rollup-centric roadmap has also been criticized. Changes in Funds and User Information Public chain TVL is often used as a measure of the volume of ecological funds, but TVL itself is mainly composed of public chain tokens and ecological tokens. It is greatly affected by currency prices and cannot accurately reflect the inflow of funds. In addition, platforms such as Defillama directly add the TVL of each DeFi protocol when calculating the TVL of the public chain. Tokens in circulation are not counted as TVL, and the token being in circulation itself may indicate stronger transaction demand. Therefore, this article will focus on the growth of the market value of stablecoins, the net inflow of ecological funds and DEX trading volume, etc., as indicators of changes in funds and liquidity, while also paying attention to user activity. The chip structure and price trend of public chain tokens. The growth of public chain ecology and currency prices generally complement each other. The rise in public chain currency prices will attract more market attention. After the public chain tokens rise sharply, the market will look for Project investments within the ecosystem are expected to yield higher returns, and this liquidity spillover will promote the prosperity of the ecosystem and enhance the wealth creation effect of the entire ecosystem. Token economics and chip structure will determine the rising resistance and time window of public chain tokens. Tokens with smaller rising resistance and greater space will be more likely to drive the prosperity of the entire ecosystem. Sui Ecological Analysis Basic information and recent progress of the public chain Sui is a high-performance Layer 1 public chain based on the Move language, developed by Mysten Labs. In terms of performance, according to data released by the Sui Foundation, Sui's highest TPS can reach 297,000. In actual implementation, Sui's current highest TPS reaches about 800. In terms of financing background, Sui announced Series A and Series B financing, completing a total of $336M in financing, and the Series B financing valuation was $2B. The investors have strong backgrounds, including A16z, Coinbase Ventures, Binance Labs and other top funds participating in the investment. The Sui mainnet was launched on May 3, 2023. In the past year and a half, the TVL of the Sui ecosystem has risen rapidly, currently ranking 5th among all public chain ecosystems, and has formed a network including DEX, lending, stablecoins, DeFi infrastructure ecosystem such as liquidity staking. In the early stages of development, the Sui ecosystem did not gain many stable daily active users. It was not until May 2024 that it began to attract a large number of users. The current number of daily active users is stable at around 1M. The currency price of SUI has entered a rapid rise stage since September,...

U.S. President-elect Trump publicly stated on Monday that he plans to use "recess appointments" after taking office to allow his preferred cabinet officials to skip the Senate vote and quickly take office. This may include the personnel case for the new SEC chairman, because he Before the election, he promised to fire Genlser, who has long suppressed cryptocurrency, on his first day in office. (Preliminary summary: Trump wants to fill regulatory agencies with encryption-friendly officials, and potential candidates for the new SEC chairman have been exposed) (Background supplement: Countdown to Gary Gensler’s resignation) Coinbase Attorney General: The new SEC chairman will significantly reduce encryption enforcement) Coming in January next year Trump, who returned to the White House in March, posted a message on social media on the 11th publicly demanding that the next Republican Senate leader must support "Recess Appointment" (Recess Appointment), allowing the president to directly bypass Senate voting and directly make personnel appointments of his choice. The new cabinet candidates took office quickly. Since Trump promised before the election to fire the current chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler on his first day in office, Cointelegraph pointed out today that Trump may also plan to accelerate the appointment of a new SEC chairman through "recess appointments" , to replace Gensler, who was a hawk on law enforcement for the cryptocurrency industry. The new SEC chairman may replace Gensler through a "recess appointment." Trump tweeted on the 11th: "Any Republican senator who attempts to win the majority leader of the U.S. Senate must agree to a recess appointment, otherwise we will not be able to confirm the appointment in time. " He pointed out that sometimes the Senate's vote on personnel cases can take two years or more. Democrats used delaying tactics to block appointments four years ago, and Trump does not want to repeat the same mistake during this term. Any Republican Senator seeking the coveted LEADERSHIP position in the United States Senate must agree to Recess Appointments (in the Senate!), without which we will not be able to get people confirmed in a timely manner. Sometimes the votes can take two years, or more. This is… — Donald J. Trump (@realDonaldTrump) November 10, 2024 What is a “recess appointment”? "Recess appointments" are a way for the president to bypass Congress and directly appoint cabinet ministers, judges and ambassadors.The U.S. Constitution provides that the President has the power to fill all personnel vacancies that may arise during a recess of the Senate by granting committees to expire at the end of the next session. But recess appointments are temporary and cannot replace Senate approval. However, CNN stated that in recent years, recess appointments have often been blocked by the minority party. Since the House and Senate must pass a resolution to enter the recess period, this gives Democrats the opportunity to block the resolution, thereby fundamentally preventing the passage of recess appointments. . Currently, three Republican senators who are interested in running for the Senate majority leader have expressed support for Trump's "recess appointment", including Florida Senator Rick Scott, who is supported by Musk, as well as John Thune of South Dakota and John Cornyn of Texas. Republican senators will vote this week to choose a new leader. Who will succeed Gary Gensler? Trump is about to be sworn in on January 20 next year. Although the president does not have the power to fire Gensler directly from the SEC, previous SEC chairs usually follow Washington tradition and choose to resign on or before the inauguration day of the new president. For example, former SEC Chairman Jay Clayton, who was appointed by Trump during his first term, resigned early in December 2020. Biden nominated Gensler in 2021 and after passing the Senate vote, his term will be until June 2026. It is unclear whether Gensler will resign early as is customary, and Trump has yet to officially announce his preferred choice for the new SEC chairman. The Washington Post reported on Monday, citing five people familiar with the matter, that Trump advisers are considering current regulatory officials, former federal officials and financial industry executives, many of whom have publicly expressed pro-cryptocurrency views, for key leadership positions. The list of strong candidates to lead regulatory agencies such as the SEC includes: Former SEC official Daniel Gallagher: Currently the legal director of Robinhood, a well-known American online brokerage and cryptocurrency trading platform, he has criticized the SEC for adopting a scorched-earth policy towards cryptocurrency. Republican SEC Commissioner Hester Peirce: Known as the “Crypto Mom” by the crypto community, a well-known SEC crypto-friendly official has repeatedly criticized the SEC led by Gensler for its enforcement supervision of crypto and the lack of clear rules. After Trump takes office, Peirce may serve as interim chairman of the SEC and may lead a federal cryptocurrency policy working group in the future. Republican SEC Commissioner Mark Uyeda: Recently expressed his hope to help Trump fulfill his commitment to end the Biden administration’s “cryptocurrency war.” Other potential candidates include: former SEC Commissioner Paul Atkins, and former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo, nicknamed "Crypto Dad" by the community. During the campaign, Trump made a series of friendly promises regarding cryptocurrency, including firing SEC Chairman Gary Gensler on his first day in office, commuting the sentence of Silk Road founder Ross Ulbricht, establishing a Presidential Cryptocurrency Advisory Committee, repealing SAB 121, and ending Operation Kill 2.0 will build the United States into a Bitcoin mining powerhouse and establish a national strategic Bitcoin reserve. The crypto community is examining whether the Trump administration will deliver on its promises in a second term. Related reports SEC Chairman congratulates the 16th anniversary of the Bitcoin white paper, Gary Gensler Will high-pressure policies be phased out? How will Trump impact the currency circle if he wins the presidency? These three friendly people may become SEC chairmen to "bring about large-scale popularization" Trump announced the appointment of Musk to lead the Department of Government Efficiency DOGE: dismantle the bureaucracy, Shiba Inu LOGO exposed Standard Chartered: "The chance of Trump including Bitcoin in the US strategic reserve is slim" But after taking office, he will overturn the SAB121 encryption accounting law. "Gary Gensler is on the countdown to step down." Trump hinted that he will "adjourn the session to appoint" a new SEC chairman, bypassing the Senate personnel review. Influential blockchain news media).

Fox News host Pete Hegseth was nominated by US President-elect Trump today to serve as Secretary of Defense. He will be in charge of the largest agency in the US federal government, leading a total of 3 million troops and civilian personnel. He is a supporter of Bitcoin. He once praised "Trump for making Bitcoin great again" and said that he would not sell Bitcoin. (Preliminary summary: Trump announced the appointment of Musk to lead the Department of Government Efficiency DOGE: dismantling the bureaucracy, Shiba Inu LOGO exposed) (Background supplement: Arthur Hayes’ new perspective: Trump’s administration will open unlimited QE, and Bitcoin is expected to reach $1 million) U.S. President-elect Trump continues to announce cabinet candidates, and today announced Fox News host Pete Hegseth as Secretary of Defense. Trump said in a statement that Pete Hegseth is strong, smart, and a true believer in America First. , under his leadership, the US military will be great again. STATEMENT FROM PRESIDENT DONALD J. TRUMP Congratulations, @PeteHegseth! pic.twitter.com/KUDTTe1vUn — Karoline Leavitt (@kleavittnh) November 13, 2024 Reuters reported that as a retired soldier, Pete Hegseth had expressed dissatisfaction with the awakening policies of Pentagon leaders , once confirmed by the Senate, Pete Hegseth is expected to fulfill Trump's campaign promise to purge U.S. military generals accused of pursuing progressive diversity policies in the military, policies that have been opposed by conservatives. The appointment could also lead to a conflict between Hegseth and Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, whom Hegseth has accused of "following the fierce positions of the political left." Pete Hegseth supports Bitcoin. Pete Hegseth graduated from the prestigious Princeton and Harvard universities. He is a retired soldier of the Army National Guard. He was stationed in Guantanamo Bay, Cuba, Iraq and Afghanistan, and twice won the Bronze Star Medal. He once said, He left the army in 2021 because his political and religious views were not accepted by the military and he was marginalized. Pete Hegseth has served as a commentator at Fox News since 2014. During this period, he hosted a New Year's Eve special and interviewed then-President Trump. In 2022, he became a regular cast member of the highly rated morning show. In June this year, he published a new book "On "The War on Our Warriors" criticizes American society for being left-leaning and neglecting the children of American soldiers fighting around the world. It is worth noting that Pete Hegseth is a supporter of cryptocurrency. He once praised "Trump has also made Bitcoin great again" and "The value of Bitcoin is that there is no government control." When talking about Bitcoin on Fox News, Announced that it would not sell Bitcoin. A U.S. major urges the Pentagon to adopt Bitcoin. The U.S. Department of Defense is the largest public service agency in the U.S. federal government, with an annual budget of $850 billion and in charge of a total of 3 million troops and civilian personnel. As Pete Hegseth will lead the Pentagon, his The pro-Bitcoin stance deserves attention. Major Maj Jason of the U.S. Space Force wrote to the Pentagon last year, explaining in depth the important strategic significance of Bitcoin’s Proof of Work (PoW) for national network security, saying that Bitcoin’s PoW network represents the offset strategy of the 21st century. Bitcoin is not only a financial innovation, but also a formalized revolution in network security, which is completely consistent with the concept of strategic offset. Extended reading: A U.S. major wrote to the Pentagon: Bitcoin is a great innovation that can usher in a new era of national defense network security. Maj Jason also wrote a book arguing that the Bitcoin consensus mechanism will bring about huge changes in the global war situation, and future wars will not be fought over. Boots and nuclear weapons on the ground, but Bitcoin block rewards, call on the United States to fully support the mining industry to protect the strategic interests of the United States and its allies: Maybe Bitcoin is not the universal currency of the Internet, but maybe it is the currency of the 21st century The new weapon of cyber warfare. Related reports: Trump wants to fill regulatory agencies with crypto-friendly officials, and potential candidates for the new SEC chairman are revealed. Standard Chartered: There is a "slim chance" that Trump will include Bitcoin in the U.S. strategic reserve, but he will overturn SAB121 after taking office. After Trump won the election, the crypto accounting law What’s next for the crypto industry? "Trump nominates Bitcoin advocate Pete Hegseth as Secretary of Defense. Will the Pentagon pursue a BTC strategy?" This article was first published in BlockTempo (the most influential blockchain news media).

U.S. stocks and currencies fell on the eve of tonight's CPI data release, as the market awaited the release of the indicator's results to judge the Fed's pace of interest rate cuts. Minneapolis Fed President Neel Kashkari said the Fed may pause interest rate cuts in December if inflation rises unexpectedly in the coming month. (Preliminary summary: Bitcoin failed to challenge 90,000 and fell below 88,000 magnesium. Former Fed hawks: The number of interest rate cuts may be reduced after Trump took office, and U.S. stocks fell) (Background supplement: U.S. CPI in September "high As expected, "Breaking through the stalemate of inflation! Fed officials: It is not necessary to cut interest rates in November) The four major U.S. stock indexes all fell on Tuesday, and Bitcoin failed to reach a new high, stopping before the $90,000 mark. The market seems to be digesting the rapid rise after Trump's victory, and while waiting for tonight's CPI data to determine whether the Federal Reserve (Fed) will cut interest rates again this year, the market sentiment is generally in a wait-and-see state. Kashkari: The Fed may suspend interest rate cuts in December. Yesterday (12th), Minneapolis Fed President Neel Kashkari said at Yahoo Finance’s investment conference that if inflation unexpectedly rises in the next month, The Fed may reconsider cutting interest rates at its December meeting, he said: "That might give us pause." The market currently expects the U.S. CPI annual growth rate to reach 2.6% in October, higher than September's 2.4%; the monthly growth rate is expected to be 0.2%, the same as last month. Core CPI excluding food and energy is expected to have an annual growth rate of 3.3% and a monthly growth rate of 0.3%, both consistent with the previous value. Core inflation has remained high as housing costs rise. Kashkari said housing inflation is "still a big problem" but he believes the situation will improve as new leases are signed at lower prices. As for what impact Trump will have on the Fed's interest rate decisions after taking office, Kashkari said they can only wait and see. However, regarding the inflation that Trump's new tariff policy may cause, Kashkari said disapprovingly: In the long run, the new tariffs themselves will not necessarily cause inflation because they are "a one-time increase in prices." But if other countries respond, triggering a tit-for-tat trade war, that could push up long-term inflation. Kashkari stressed that this is all just speculation at this point. Trump’s Immigration, Taxation, and Tariff Policies During the election campaign, Trump planned comprehensive tariffs, tax cuts, and large-scale deportations of illegal immigrants, which may put new pressure on inflation and further expand the U.S. fiscal deficit. Markets generally expect these policies to make it more difficult for the Fed to cut interest rates. The reason is that tariffs usually increase the cost of imported goods, while tax cuts may stimulate consumption, which may push prices up; in addition, deporting illegal immigrants may reduce the labor supply and push up wage costs, thereby causing inflation to rise. As a result of these proposed policies, many economists have already lowered their expectations for the number and pace of rate cuts next year. Mester: The number of interest rate cuts may be reduced in 2025. Former Cleveland Fed Chairman and hawkish representative Mester said at the UBS Annual European Conference in London yesterday that the economic reforms that Trump may implement after taking office Policies, especially global tariffs, may affect the number of interest rate cuts by the Federal Reserve next year, which will not be as frequent as the market predicted in September: "Next year, the speed of interest rate cuts will be affected by Trump's fiscal policy." According to a Reuters survey, the market The Federal Reserve is expected to cut interest rates by 1 percentage point in the first half of 2025 and another 25 basis points in the second half of the year. The federal funds rate may fall to 3%-3.25% by the end of 2025, which is slightly lower than the central bank's dot plot forecast. value. Mester expects the Fed to cut interest rates perhaps fewer than four times next year, but a 25-basis-point cut is still possible at the December meeting. She noted that policymakers may then have a "preliminary understanding" of the impact of Trump's fiscal policy on monetary policy, with specific details not expected to be clearer until early next year. Barkin: Fed is in a good position to respond to a variety of economic scenarios. Richmond Fed President Thomas Barkin said at an event in Baltimore: "With the economy currently in good shape, interest rates are off recent peaks, but they are also off. "Historically low, the Fed will be able to respond appropriately no matter how the economy develops." Barkin considered two potential economic scenarios: As election uncertainty decreases, companies may restart investment and hiring, allowing the Fed to The focus is on the risk of upward inflation. Alternatively, companies could lay off workers due to reduced pricing power and margin compression, which would increase the Fed's exposure to employment risks. Related reports: Is Ethereum’s funding rate soaring to an 8-month high a warning sign? Four big data reveal the current demand for ETH. Trump announced the appointment of Musk to lead the Department of Government Efficiency. DOGE: dismantle the bureaucracy, Shiba Inu LOGO exposure micro-strategic effect) Singapore AI education company Genius announced that it will invest 90% of its funds in BTC: implement the Bitcoin priority strategy, The stock price soared 66% "Tonight's CPI announcement) Fed official Kashkari: If inflation unexpectedly picks up, interest rate cuts may be suspended in December." This article was first published on BlockTempo (DongZu DongTen - the most influential blockchain news media).

In October 2024, Bitcoin once again led the market with an increase of 15.9%, which even caused heated discussions outside the circle. Layer 2 solutions continue to develop, and the emerging public chain Sui shows strong growth. This article explores current public chain market trends. (Preliminary summary: New thinking on public chain valuation: L1 premium is questionable, ETH’s sovereign status is questioned...) (Background supplement: Is Solana really surpassing the Ethereum EVM chain? Looking at the public chain competition pattern from the quality of the liquidity pool) In Satoshi Nakamoto Exactly 16 years after the Bitcoin white paper was released on October 31, 2008, Bitcoin once again demonstrated its revolutionary impact on the financial world. In October 2024, Bitcoin approached all-time highs driven by strong institutional investors, while the entire blockchain ecosystem continued to develop rapidly. This month has highlighted a clear divide in the market, with Bitcoin leading the market with a 15.9% rise, Ethereum’s gains more modestly, and the two major networks’ Layer 2 solutions continuing to improve and expand. At the same time, emerging public chains such as Sui are developing rapidly and are about to enter the top ten public chains. The information for this report comes from Footprint Analytics' public chain research page, which provides an easy-to-use dashboard that contains the most critical statistics and indicators for understanding the public chain field and is updated in real time. Market Overview October 2024 saw significant market divergence, with Bitcoin leading the charge while other cryptocurrencies posted relatively modest gains. Bitcoin had a stellar performance, rising 15.9% from $60,764 to $70,398, and hit a recent high of $72,751 on October 29, which is close to March’s all-time high. In comparison, Ethereum was more muted, with a monthly gain of 2.7% to close at $2,519. Source: Bitcoin and Ethereum Price Trends Multiple macroeconomic factors have affected market trends this month. Changes in the global currency market, especially the strength of the U.S. dollar against major currencies including the yuan, have affected the flow of funds in the cryptocurrency market. The change comes against a backdrop of rising bond yields and rising gold prices, reflecting changes in global market risk appetite. Political factors have an increasing impact on market sentiment, with the upcoming U.S. election becoming an important market driver. Investors plan for possible policy changes in advance, driving Bitcoin's gains to accelerate. The market pays close attention to the impact of different election results on digital asset regulation and broader financial policies. Institutional participation remains an important driver of the market, as evidenced by the large inflows into Bitcoin exchange-traded products (ETPs). This trend highlights the increasing recognition of digital assets as strategic investment tools by institutional investors, even as they become more cautious in their investment positioning. Regulatory developments continue to impact the market landscape. The FBI’s investigation into the NexFundAI token was a major milestone, leading to market manipulation charges against three cryptocurrency companies and 15 individuals. Meanwhile, Crypto.com’s legal action against the SEC highlights ongoing tensions between industry players and regulators. Layer 1 The total market capitalization of blockchain cryptocurrencies increased by 6.7% to $2.0 trillion in October 2024, with Bitcoin’s market dominance strengthening to 70.1% from 67.3% in September. Meanwhile, Ethereum’s share continued to decline, falling from 16.8% to 15.3%, while BNB Chain and Solana’s shares remained relatively stable at 4.2% and 4.0% respectively. Source: Public Chain Token Market Cap Market growth was mainly driven by the strong performance of mature tokens, led by Bitcoin, with significant gains also seen in Bitcoin Cash (12.9%) and Litecoin (9.5%). Solana maintained its position as one of the best-performing altcoins, rising 17.6%. The emerging blockchain Sui continued its upward momentum, rising by 11.5%. Source: Public Chain Token Price and Market Cap Sui’s market cap ranking rose to 11th. Sui has simultaneously significantly expanded its DeFi ecosystem by capitalizing on meme coin trends and Telegram-based gaming opportunities. Circle’s launch of native USDC on Sui in October marked another milestone in its development. However, this growth has not been without controversy – in October, allegations of a $400 million token dump by Sui insiders were denied by the Sui Foundation, but sparked community discussion. The DeFi space faced headwinds in October, with total TVL falling 6.8% to $63.5 billion. While the Bitcoin ecosystem is performing strongly, the DeFi segment of the Ethereum ecosystem is underperforming. Notably, Polygon was an exception, with a 30.3% TVL increase, driven primarily by heightened activity in the run-up to the U.S. presidential election, driving Polymarket to a record. Source: Public Chain TVL Stablecoin continues to demonstrate its key role in the crypto ecosystem. Bitwise Research’s Q3 2024 Crypto Market Review shows that global stablecoin trading volume exceeded $5.1 trillion in the first half of 2024, approaching Visa’s $6.5 trillion trading volume. Tether's profitability surpassing BlackRock highlights the financial influence of the field and intensifies competition among public chains to get stablecoins online. Bitcoin Layer 2 & Sidechains In October 2024, Bitcoin Layer 2 and sidechains continued to maintain strong growth, with total TVL reaching $1.8 billion, an increase of 22.2% from September. Core maintained its industry leadership position with TVL growing 29.8% to $570 million and market share of 32.4%. Bitlayer solidified its position with TVL growing 36.1% to $530 million and capturing 29.9% market share. Rootstock ranked third with a TVL of $180 million and a market share of 10.1%, while BSquared suddenly emerged, with a TVL of $170 million, a monthly increase of 54.4%, surpassing Merlin and jumping to fourth place. Source: Bitcoin Ecological Public Chain TVL October witnessed a major technological breakthrough in the Bitcoin Layer 2 ecosystem. BEVM launched the innovative "Super Bitcoin" framework, proposing a comprehensive solution to expand the functionality of the suite while maintaining the basic security of Bitcoin. The framework proposes a five-layer architecture based on the Bitcoin network, leveraging its proven PoW consensus to ensure security. Building upward, it integrates Lightning Network technology for efficient communication, Taproot consensus for standardization, and a multi-chain integration layer that supports various virtual machines. This architecture culminates in the application layer, which enables developers to build DApps while leveraging the security of Bitcoin. In an important move to connect the Bitcoin and Ethereum ecosystems, BOB Network announced a partnership with Opti...

This article explores the eight major trends shaping the future of DeFi, revealing its impact on traditional finance and innovative opportunities. The article is based on a piece written by Vincent Maliepaard, the Market Director at Into TheBlock, and is organized and translated by Blockchain Knights. (Background: SmartCon focuses on interoperability: DeFi/TradFi giants share visions for future integration and the three major obstacles to overcome) (Additional context: RootData's 2024 Asia-Pacific Web3 early investor research report: DeFi is currently the most undervalued track) DeFi is driving one of the most active waves of innovation in decades. While some may feel that DeFi is a mature industry, it is still rapidly evolving, continuously launching tools that have the potential to redefine traditional finance. Below, we will take a look at some of the most promising developments in DeFi and the agreements at the forefront of this transformation. 1. Yield Automated Market Maker Protocols Yield Automated Market Makers (AMMs) are introducing groundbreaking methods for managing and trading yields. Protocols like Pendle Finance separate the income generated by assets from their principal value, allowing investors to speculate or hedge future returns without selling the underlying assets. This opens the door to new trading strategies, reshaping how investors handle interest rate risk, providing greater flexibility and liquidity to fixed-income portfolios. Yield AMMs stand at the forefront of optimizing capital efficiency, releasing risk-adjusted returns that traditional finance had previously been unable to achieve. 2. Yield Aggregators and Abstraction Protocols As DeFi becomes increasingly complex, yield aggregators are gradually becoming important tools for maximizing yield while minimizing complexity. Platforms like Yearn Finance automatically optimize yields by seeking the best opportunities across various protocols, reducing the need for users to manually manage multiple positions. In terms of abstraction, new protocols make it easier for participants to interact with the DeFi system without requiring extensive technical knowledge. These tools collectively break down entry barriers, making DeFi more intuitive and easier to use for regular users and institutional participants seeking efficient, hands-off solutions. 3. Derivatives with Integrated Lending Markets Derivative trading momentum in DeFi is gaining strength due to the direct integration of lending services into decentralized exchanges (DEXes). Platforms like dYdX and Synthetix are pioneering this approach, allowing traders to use borrowed assets for derivative trading or hedging positions. This creates a seamless experience for mature traders seeking advanced risk management and capital efficiency. With perpetual contracts and synthetic assets, these platforms lay the foundation for deeper liquidity and more complex trading strategies in DeFi, especially as institutional interest in decentralized markets grows. 4. Flash Loan Vaults and One-Click Loops Flash loans are one of DeFi's most unique features, allowing users to borrow large sums of money without collateral, provided the loan is repaid within the same transaction. The next development in this field involves flash loan vaults, where complex strategies like “looping” and “repeating loans” can be executed with just a click. What once required specialized skills can now be accessed by anyone, making advanced financial strategies more approachable. Into TheBlock and some yield aggregators currently implement similar structures in their vaults, but publicly focused applications are still in very early stages. 5. Tokenization of Real-World Assets (RWA) As real-world assets (RWA) like real estate, commodities, and stocks are tokenized, DeFi's influence is continually expanding beyond the blockchain. Projects like Ondo Finance and institutional initiatives like BlackRock's BUIDL fund are leading this trend, bringing these traditionally illiquid assets into the DeFi ecosystem. Tokenization of RWAs releases liquidity in markets that were previously difficult to access, providing new collateral options for DeFi loans and broadening the scope of decentralized finance. This trend is blurring the lines between traditional finance and DeFi, attracting institutional capital and expanding the potential of decentralized markets. 6. Protocol-Based Credit Systems DeFi is leveraging protocol-based systems to rewrite credit rules, using blockchain-native data (such as transaction history, staking behavior, and governance participation) to assess creditworthiness. This decentralized approach offers a more inclusive credit market, expanding credit channels for individuals and businesses that traditional financial institutions may overlook. By bypassing central banks and traditional credit scoring systems, DeFi will democratize access to capital, creating new lending opportunities for a global audience. While there is currently no mature protocol providing fully realized solutions in this area, we will see the first significant applications emerging in DeFi sooner or later. 7. Trade and Accounts Receivable Financing DeFi is beginning to transform global business by providing companies with faster liquidity through trade and accounts receivable financing. By tokenizing invoices and using them as loan collateral, businesses can access funds more quickly, especially in industries with long payment cycles. Goldfinch is an example of a DeFi protocol that connects DeFi capital with traditional accounts receivable financing to provide decentralized loans to real-world businesses. This innovation presents a true alternative to traditional bank loans, achieving the democratization of trade financing and opening up new liquidity channels for global trade. 8. Intellectual Property (IP) Tokenization The tokenization of intellectual property (IP) assets is an emerging trend with immense potential in the DeFi space. By fragmenting ownership of patents, trademarks, and copyrights, companies can create new markets for tokenized IP, allowing investors to buy and sell shares of these valuable assets. VitaDAO is one of the pioneers in this area, focusing on collective ownership and tokenization of biomedical intellectual property, particularly in the field of longevity research. This approach not only provides novel funding channels for research but also opens up IP investment to a broader audience, making IP assets more liquid and accessible. The cycle of innovation in DeFi shows no signs of slowing down. With the tokenization of real-world assets, simplification of yield strategies, and reimagining of credit systems, DeFi is poised to fundamentally change the financial landscape. These trends not only drive growth but also attract more institutional participation and narrow the gap between traditional finance and the decentralized ecosystem. As these innovations become more widespread, DeFi will continue to push the limits of what is possible, unlocking new markets, reshaping capital flows, and redefining the finance we know. Related Reports DeFi Father Andre Cronje criticizes 'Layer2 is useless': just a waste of money doing repetitive things Global monetary easing is underway, can AAVE lead the DeFi revival? How does Morpho achieve rebirth in the DeFi space? "Bull Market Coming) Eight Major Trends Worth Watching in DeFi" this article was first published in BlockTempo (the most influential blockchain news media).

Last month, the fast-food leader McDonald's, which sparked a frenzy of online and queue activities due to the "Hunter card pack" collaboration, is about to collaborate with the well-known NFT project "Doodles"? Market rumors have ignited discussions in the NFT community, with Doodles' floor price jumping over 70%. (Background: In the wave of NFT project shutdowns, can blue-chip NFTs like Pudgy Penguins and Doodles survive the trend by selling clothing?) (Background Supplement: From millionaire to bankruptcy, a tragic investment tale of an NFT whale) McDonald's is rumored to be cross-collaborating with the blue-chip NFT project Doodles. Today (13th), McDonald's released a teaser on its official IG, featuring a pink hand lifting a coffee lid, leaving behind a coffee stain that resembles the smiley face of a Doodles character, with the message “• ᴗ • 11/18”, hinting at more information to be released on November 18. View this post on Instagram A post shared by McDonald’s (@mcdonalds) Is McDonald's about to collaborate with Doodles NFT? This teaser immediately sparked speculation among global fans. Based on clues from the video, some guessed that McDonald's all-day breakfast is about to return, while others speculated that McDonald's is launching another collaboration, with the two most mentioned brands being the popular Adult Swim animated show (Smiling Friends) and the NFT blue-chip project (Doodles). The coffee stain smiley face graffiti resembles Doodles. Source: NFT Now The smiley face and pink hand could also evoke associations with Pim Pimling from "Smiling Friends". Source: Smiling Friends Wiki McDonald's and Doodles executives hint at collaboration Although netizens have their own bases for speculating about these two brands, the community comments from executives of McDonald's and Doodles seem to suggest a higher likelihood of collaboration between the two parties. McDonald's Senior Marketing Director Guillaume Huin posted on Tuesday that he is exploring new types of collaborations in new spaces, which are niche but have a loyal fan base, leading many netizens to believe he is referring to cross-collaboration in the NFT realm, and that the chances of working with Doodles are increasing. "Something a little different than usual is coming to McDonald’s. A new kind of collab to explore new spaces. A tad more niche than what we normally do, but with a superb fan base, that will only grow when more people get to see it. More to come tomorrow. In the meantime, Gm. — Guillaume Huin (@HuinGuillaume) November 11, 2024 Additionally, The Doodles CEO Julian Holguin also shared this McDonald's teaser on his Instagram story, strongly hinting at the cooperation between the two parties. Source: Screenshot from @jholguin IG story Doodles floor price skyrockets, trading volume tops Opensea charts The result is that NFT investors quickly bet on the potential of a collaboration between McDonald's and Doodles. Opensea data shows that after McDonald's released the mysterious teaser, Doodles' floor price skyrocketed from 1.72 ETH (about $5,562) to 2.95 ETH ($9,543) in just two hours, an increase of 72%, and as of writing, it is reported at 2.25 ETH, still up 41% in the past 24 hours. Furthermore, Doodles' daily trading volume reached 789 ETH ($2.55 million), surging 593% in the last 24 hours, surpassing the combined trading volume of three blue-chip projects: Pudgy Penguins, Bored Apes (BAYC), and Mutant Apes (MAYC), topping the Opensea 24-hour trading volume chart and marking the highest trading volume for the project since mid-February this year. The Defiant pointed out that in terms of partnerships, Doodles has been one of the most successful NFT projects, having previously collaborated with major brands such as Adidas and Crocs, as well as artists like Pharrell Williams. After the news of a potential collaboration with the world’s largest fast-food chain McDonald's, Doodles, which had been in a slump following the overall NFT bear market over the past two years, is now making a comeback. Source: Opensea Related reports: Drops below 4 ETH! Doodles declares "not an NFT but a media brand", founder claims: will not spend money to lower floor price. $704 million valuation, Doodles secures $54 million funding! Floor price rebounds 18%, trading volume surges 1000%. OpenSea about to launch token airdrop? Announcing 2.0 update in December, can it save the struggling NFT market? Latest NFT report: average lifespan 1.14 years, loss rate nearly 45%, what are the most profitable collectibles? "Dream collaboration? McDonald's hints at working with Doodles, NFT floor price soars 70%" was first published on BlockTempo, the most influential blockchain news media.

In the past week, Ethereum has performed exceptionally well, reaching $3,442 yesterday, a new four-month high, with a cumulative increase of over 31%. This surge has attracted market funds and attention back to Ethereum; however, the funding rate has also reached an eight-month high, making investors wary of the risk of a correction below $3,200. (Background: ETH to soar? The US Ethereum spot ETF saw a net inflow of $295 million yesterday, setting a historical record) (Additional background: The chain issuance craze) Ethereum domain names will launch their own L2 'Namechain' next year, and ENS has surged over 20% upon hearing the news) Since Trump was elected president, the cryptocurrency market has been rising continuously, with Ethereum reaching $3,442 yesterday (the 12th), marking a new high since July, soaring over 31.3% in the past week. In the last 12 hours, Ethereum has continued to fluctuate between $3,200 and $3,300, reporting $3,275.8 before the deadline, down 1.41% in the last 24 hours. Ethereum's impressive performance in the past week has led market funds to return to Ethereum, while investors are closely monitoring the risk of a drop below $3,200. ETH price trend chart | Binance Ethereum demand strong data 1) OI hits a new high During the rebound period of the past 7 days, the ETH positions in the futures market have increased. CryptoQuant data shows that the total open interest (OI) of Ethereum in the derivatives market increased from 9.8 million ETH on November 5 to 13.2 million ETH on November 11, setting a historical record with a growth rate of 34.69%. Although the OI is at a high level indicating potential greater volatility, investors need to be cautious, but many traders express optimism about this. Trader Alan tweeted: "ETH has finally reached a new high in the number of outstanding contracts in futures, indicating that interest in this king of altcoins has finally returned." Trader Olek, who shares the same view, pointed out that Ethereum's continuously rising OI indicates increased liquidity and market participation. He added: Especially Ethereum is sending signals of a comeback, and the increased activity indicates that the market is ready to act. Source: CryptoQuant 2) Trading volume surpasses Bitcoin On the 10th, Ethereum's increase surpassed that of Bitcoin, attracting more market funds towards Ethereum, with trading volume temporarily exceeding that of Bitcoin. Source: @Alvin0617 tweet 3) On-chain activity increases With the noticeable rise in Ethereum, on-chain activity has also increased. The daily active address count (DAA) of Ethereum rose from 306,751 on November 5 to 388,350 on November 12, a growth of 26.6%. Furthermore, DappRadar data shows that Ethereum's on-chain Dapp trading volume, transaction counts, and NFT trading volume have increased by 41.18%, 11.33%, and 89.02% respectively in the past week, demonstrating active network activity, which will support Ethereum's price. 4) Spot ETF net inflow hits a new high Ethereum's impressive rise has also attracted traditional financial capital. SoSoValue data shows that Ethereum's spot ETF saw a total net inflow of $295 million on November 11, setting a historical record for the largest single-day net inflow, breaking the previous record of $106 million set on the day Ethereum's spot ETF was launched on July 23. CoinShares data also shows that during the week ending November 8, the total inflow of Ethereum-related investment products was $157 million, with a year-to-date inflow of $915 million, and managed assets reaching $12 billion. CoinShares commented: This is the largest capital inflow since the ETF launch in July this year, marking a significant improvement in market sentiment. Funding rate hits an 8-month high, is it a warning? The high bullish demand for Ethereum has also led its 8-hour funding rate to soar above 0.054% (monthly 6.1%), reaching the highest level in 8 months. Investors question whether the excessive leverage in Ethereum futures will increase the risk of its price further correcting below $3,200. However, compared to the peak funding rate of 11% when Ethereum broke $4,000 in March this year, the current funding rate is not overly exaggerated. Additionally, from the perspective of evaluating trader sentiment in the Ethereum options market, the 25% Delta Skew indicator can be observed. This indicator mainly measures market participants' demand for protection against price declines. When the Delta Skew exceeds 6%, it indicates that arbitrage traders and market makers are charging higher premiums for downside protection (put options), suggesting increased market concern about downside risks. Conversely, when the Delta Skew indicator falls below -6%, it indicates that market optimism is high. Data shows that Ethereum investors currently maintain a neutral stance, as the Delta Skew indicator has not fallen below -6%. This means that although there has been an increase in demand for Ethereum futures in the recent market, this phenomenon does not represent the overall market sentiment. If the market exhibited broader optimism, the 6.1% monthly funding rate could pose a risk, but that is not the case at present. Related reports 86.7% win rate whale 'positions in ETH' $5.42 million! Is Ethereum's historical high about to take off? Arthur Hayes increases his Ethereum position! Santiment predicts: Bull market profits will return to ETH Ethereum surges 13% to above $2,800, but 'whales are unloading fiercely', is the short-term high for ETH already here? "Ethereum funding rate soars to an 8-month high, is it a warning? Four key data points reveal the current state of ETH demand" This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

President-elect Donald Trump announced today that after taking office, he will appoint Tesla CEO Elon Musk and American biotech entrepreneur Vivek Ramaswamy to jointly lead the newly established "Department of Government Efficiency" (DOGE), paving the way to dismantle government bureaucracy, reduce excess regulatory laws and wasteful spending, and restructure federal agencies. (Background: Tesla's stock surged 40% in five days, while the Air Force suffered heavy losses; Musk's wealth increased by $70 billion, solidifying his position as the richest person.) (Additional context: Can Trump's initiative to have Musk build the "DOGE Government Efficiency Committee" really change the inefficient operations of the U.S. government and save expenditures?) According to a new statement shared by Trump’s transition team spokesperson Karoline Leavitt, President-elect Trump will appoint Tesla CEO Elon Musk and American biotech entrepreneur Vivek Ramaswamy to jointly lead the newly established "Department of Government Efficiency" (DOGE). STATEMENT FROM PRESIDENT DONALD J. TRUMP Let’s go, @elonmusk @VivekGRamaswamy! pic.twitter.com/YKT1V1UBVR — Karoline Leavitt (@kleavittnh) November 13, 2024 Trump stated in the announcement that Musk and Ramaswamy will pave the way to dismantle government bureaucracy, reduce unnecessary regulatory laws and wasteful spending, and restructure federal agencies. The Department of Government Efficiency will seek advice and guidance from outside the government and collaborate with the White House and the Office of Management and Budget to promote large-scale structural reforms and create an unprecedented entrepreneurial government model. Trump publicly stated during his campaign that after winning, he would invite Musk to lead the government efficiency committee to help improve government efficiency and cut spending. Musk had previously stated that he could streamline at least $2 trillion from the federal budget, which accounts for nearly one-third of the federal government's annual total expenditures. Ramaswamy, who will co-lead the Department of Government Efficiency with Musk, is a second-generation Indian immigrant known as the "golden boy of biotech and pharmaceuticals" and is one of America's youngest billionaires. He announced his candidacy for the Republican presidential primary in February last year and proposed pro-cryptocurrency policies, but later withdrew in January this year to support Trump. According to the Associated Press, despite the name "Department of Government Efficiency," this is not a government agency, and it is unclear how the organization will operate. It may be subject to the Federal Advisory Committee Act, which regulates how external organizations providing advice to the government operate and their responsibilities to the public. Federal employees are usually required to disclose their assets and relationships to avoid any potential conflicts of interest and divest significant holdings related to their work, but Musk and Ramaswamy are not formal federal employees, so they will not face these requirements or ethical constraints. Notably, Musk earlier released the logo of the Department of Government Efficiency (DOGE), which features a Shiba Inu waving the American flag along with the words "Department of Government Efficiency." Musk also tweeted that he wants to "Make Government Fun Again." pic.twitter.com/4K0ruu7UMS — Elon Musk (@elonmusk) November 13, 2024 Dogecoin Surge Recently, the price of Dogecoin has surged nearly 200% after Trump's election, reaching a peak of $0.43858 yesterday afternoon. However, it later significantly retraced to a low of $0.34. Nevertheless, following Trump's announcement this morning appointing Musk to lead the Department of Government Efficiency, Dogecoin surged over 11% within an hour, reclaiming $0.416, but then retreated again, now reported at $0.388, with a 24-hour increase of 9%. Related Reports: Trump and Musk team up to take down TSLA Air Force! Hedge funds suffer losses exceeding $5 billion. Trump wants Musk to build the "DOGE Government Efficiency Committee"; can it really change the inefficient operation of the U.S. government and save expenditures? Full text of Trump's election victory speech: I love Musk; he is a superstar born, making America great again. "Trump announces Musk's appointment to lead the DOGE Department of Government Efficiency: dismantling the bureaucratic system, Shiba Inu logo exposed." This article was first published in BlockTempo, the most influential blockchain news media.

Driven by artificial intelligence (AI) technology, the publicly listed education company Genius Group announced yesterday (12) that, following a decision by the Genius Board of Directors, the company will adopt a global Bitcoin-first strategy, incorporating Bitcoin into its primary reserve assets. (Background: Bitcoin surged 10% to break $89,000, a new high! MicroStrategy adds 27,000 BTC to its holdings, stock price skyrockets) (Background information: MicroStrategy's BTC profits are perfectly realized! Unrealized gains have exceeded $10 billion; Michael Saylor hints at 'adding more to the position')

Driven by artificial intelligence (AI) technology, the publicly listed education company Genius Group announced yesterday (12) that, following a decision by the Genius Board of Directors, the company will adopt a global Bitcoin-first strategy, incorporating Bitcoin into its primary reserve assets.

Using 90% of funds to purchase Bitcoin
According to Genius's announcement, the company's specific strategy is to use more than 90% of existing and future funds entirely to purchase and hold Bitcoin. The initial goal is to acquire $120 million worth of Bitcoin and designate it as the company's reserve asset.

Launching Web3 education to help students accelerate their understanding of Bitcoin, cryptocurrencies, and blockchain technology.
Opening Bitcoin payment functionality on the company's educational technology platform.

In response, Genius director Thomas Power stated:
"We fully agree with MicroStrategy and its founder Michael Saylor's approach of using Bitcoin as a reserve asset for the company. We believe that through a Bitcoin-first strategy, we will become one of the first publicly listed companies to fully embrace Bitcoin and bring returns to our shareholders."

At the same time, another Genius Group director, Ian Putter, also stated:
"We intend to invest all future profits and raised funds into Bitcoin and establish a large reserve to strengthen the balance sheet and enhance shareholder returns. As a Singapore-based company, the absence of capital gains tax also gives us an additional advantage."

MicroStrategy founder: This year, delivering a net benefit of 49,936 Bitcoins to shareholders
Notably, Michael Saylor, founder of the Bitcoin holding leader among U.S. publicly listed companies, MicroStrategy, recently stated that MicroStrategy purchased 27,200 Bitcoins with approximately $2.03 billion in funds between October 31 and November 10. As of now, MicroStrategy has already owned 279,420 BTC, with a total cost of $11.929 billion, and the total value of the holdings has reached $24.834 billion, with profits exceeding double.

At the same time, Michael Saylor also posted on social platform X yesterday, stating that MicroStrategy achieved a 26.4% return this year, providing shareholders with a net benefit of 49,936 Bitcoins: "This year, MicroStrategy's financial operations achieved a 26.4% Bitcoin yield, bringing our shareholders about 49,936 BTC in net benefits. This is equivalent to acquiring 157.5 BTC per day, without incurring the investment and operational costs associated with Bitcoin mining.

This year, $MSTR treasury operations delivered a BTC Yield of 26.4%, providing a net benefit of ~49,936 BTC to our shareholders. This is equivalent to 157.5 BTC per day, acquired without the operational costs or capital investments typically associated with bitcoin mining. — Michael Saylor (@saylor) November 12, 2024

Japanese company Metaplanet's stock price skyrocketed 10 times this year
Additionally, the publicly listed company Metaplanet, known as the Japanese MicroStrategy, has also begun continuously purchasing Bitcoin as a company asset since April of this year. As of the end of October 2024, the company has already held 1,018.17 Bitcoins, with an average purchase price of approximately $61,552 per Bitcoin. With Bitcoin recently setting multiple historical highs, the company's Bitcoin investments have also become profitable.

Similarly, benefiting from Bitcoin investments, Metaplanet's stock price has also skyrocketed this year. According to Google Finance data, Metaplanet has risen 1,067% so far this year, with a market capitalization reaching 67.749 billion yen.

Related reports
"The strategy of buying coins with bonds remains unchanged; why has MicroStrategy (MSTR) stock premium suddenly surged?"
"Is MicroStrategy's mindless 'leveraged long' Bitcoin really a good strategy?"
"MicroStrategy plans to invest another $2 billion to buy more BTC; VanEck: Bitcoin's market capitalization will reach half that of gold."
"MicroStrategy effect: Singapore AI education company Genius will invest 90% of its funds in BTC: implementing a Bitcoin-first strategy." This article was first published on BlockTempo (the most influential blockchain news media).

According to Appfigures data, the top five free financial apps in the U.S. iPhone application market are dominated by cryptocurrency-related applications. When this phenomenon occurred during the last bull market, it was soon followed by a significant correction... (Background: Arthur Hayes' new perspective: Trump's administration will initiate unlimited QE, Bitcoin is expected to reach $1 million) (Additional background: CZ: If you believe the statements that 'Bitcoin is dead', you can only blame yourself... BTC is approaching the $90,000 mark) Recently, the cryptocurrency market has experienced a full-scale explosion, with Bitcoin repeatedly reaching historical highs, even rising to $89,970 yesterday afternoon, surpassing silver in market value to become the eighth largest asset globally. Cryptocurrency apps dominate the U.S. financial tools ranking. Notably, as the bull market progresses, the crypto space is attracting more new users. According to Appfigures data, the top five free financial apps in the U.S. iPhone application market are all occupied by cryptocurrency-related applications, which are: Robinhood: An online brokerage that also provides cryptocurrency investment services. Coinbase: A listed cryptocurrency exchange in the U.S. Cash App: A mobile payment service that supports Bitcoin transactions. PayPal: A payment giant that also offers cryptocurrency payment solutions. Crypto.com: A cryptocurrency exchange. Source of the image: Appfigures In this regard, crypto KOL @_FORAB also tweeted expressing that the current signals have reached their peak: The signals are indeed at their peak: . Coinbase has returned to the second place in Apple's free rankings. The Ethereum Foundation has once again sold coins. The Bangkok offline conference has officially opened (Ethereum Developer Conference). Binance's funding rate has reached 0.04%. Son Goku (Justin Sun) has started to look bullish and issue long orders. As for the signals he mentioned, it is likely referring to the market possibly experiencing a significant correction. Because shortly after Robinhood and Coinbase occupied the 'championship and runner-up' position in the U.S. App Store financial category (around April 2021), Bitcoin experienced a significant decline, followed by the final wave of upward movement. Bitcoin keyword searches have peaked. Additionally, according to Google Trends data, Bitcoin keyword searches also reached a peak of 100 yesterday, indicating that people's interest in Bitcoin is increasing, and attention to the cryptocurrency market is being heightened. Generally speaking, when retail enthusiasm reaches its peak, it is a time when the market may undergo harvesting, so please be cautious of potential volatility in the short term. Related reports: Bitcoin frenzy arrives, how can small investors maximize profits? Bitcoin surges 10% 'breaking $89,000' new high! MicroStrategy adds 27,000 BTC, stock price soars. Bearish on Bitcoin! CryptoQuant CEO warns of 'dropping below $59,000' by the end of the year, guess the price and get 0.1 BTC" Bearish signal? Robinhood, Coinbase dominate the U.S. App Store financial rankings 'championship and runner-up', Google Bitcoin search popularity reaches peak" This article was first published on BlockTempo (the most influential blockchain news media).

F2Pool co-founder Chun Wang stated in a post yesterday that if Dogecoin rises to $1, he will purchase a Mars exploration mission, with the launch date set for the last day of Trump's second term. (Background: The 'Musk effect' resurfaces as Dogecoin surges 17%, with over 40 million Americans having voted early) (Additional context: Dogecoin becomes the 6th largest cryptocurrency! 'Target $1', will DOGE replicate its 2021 gains?) Bitcoin has repeatedly set new highs, approaching the $90,000 mark twice, and the surge of Dogecoin (DOGE), cherished by Tesla founder Elon Musk, has also drawn significant attention. Dogecoin rose 42% yesterday, with data from CoinGecko showing that it briefly surpassed the $0.4 mark, reaching a peak of $0.439, with a single-day increase of over 42%. Before the deadline, it retraced slightly to $0.3882, with a market cap exceeding $56.6 billion, climbing to become the sixth largest cryptocurrency, surpassing XRP. F2Pool co-founder: If DOGE rises to $1, I will purchase a Mars exploration mission. In light of Dogecoin's surge, F2Pool co-founder Chun Wang also tweeted yesterday that if Dogecoin rises to $1, he will purchase a Mars exploration mission: If DOGE reaches $1, I will buy a Mars exploration mission. Mission name: Marsrise. Launch date: January 19, 2029, also the last day of Trump's second term. I’ll buy a mission to Mars and make a flyby of Phobos if $DOGE hits $1. Mission name: Marsrise. Launch date: 2029-01-19, last day @realDonaldTrump in office. https://t.co/G3f7AyhclX pic.twitter.com/Wf53ZTIAHq — Chun (@satofishi) November 12, 2024 Additionally, Chun Wang previously stated that the original intention of Dogecoin was to soar, and he also pointed out that since 2013, F2Pool has mined 16.2 billion Dogecoins, accounting for 11% of the total Dogecoin supply, with a total value of approximately $6.435 billion based on current market value. Related Reports Musk's Dogecoin meme causes DOGE to spike, helping Trump rally: at least cut $2 trillion from federal budget. Dogecoin DeFi ecosystem! QED Protocol collaborates with Nexus to introduce zero-knowledge proof virtual machine zkVM to Dogecoin. US judge dismisses lawsuit alleging 'Musk hyped Dogecoin', as DOGE investors' claims for $258 billion dreams shatter. "Dogecoin once 'surpassed $0.43' soaring 40%, F2Pool founder: If DOGE rises to $1, I will purchase a Mars exploration mission." This article was first published on BlockTempo (the most influential blockchain news media).