[Focus on chain abstraction track re-gathered] Recently, the LayerZero airdrop detection witch incident has caused heated discussions in the community, and the market has once again paid attention to the chain interoperability track. Chain abstraction, that is, solving cross-chain communication, asset transfer, cross-chain smart contract call and other problems by building universal all-purpose smart contracts. Projects such as Axelar, Wormhole, and LayerZero are active in this field.

[Bitcoin leads the evolution of public chains] Since its birth, the Bitcoin network has always been the main function of value transfer. However, with the launch of Ordinals, NFT was introduced into Bitcoin, marking a major change in Bitcoin. The successful integration of Ordinals has expanded the functionality of the Bitcoin network, and more users and developers have begun to explore the possibilities of the Bitcoin network.

[Ethereum bull market prospects] Although there is a view that Ethereum will miss this bull market cycle, ETH still has its unique value. Ethereum has not been replaced by "newer technology", but has outperformed BTC in some aspects.

[Tether made a profit of $4.5 billion and expanded its business territory] Despite the volatility of the cryptocurrency market, Tether has shown a booming trend, making a profit of $4.5 billion in the first quarter and planning to enter the fields of Bitcoin mining, AI and education.

[Hong Kong becomes a new hot spot for Web3 companies] Hong Kong has attracted many Web3 companies to settle in with its location, history, "one country, two systems" advantages, as well as a sound financial system and a solid legal system.