Week in review
1. EthSign cooperates with the TON Foundation to launch the EthSign robot to support contract signing within Telegram.
🎉Comments: TON is still the most beautiful thing this week. The project team continues to introduce applications to TON, and then supports Telegram. It can be said that the main function of TON is to serve Telegram users and allow them to enter the encryption world more easily. On the other hand, some of the 700 million users behind Telegram have also entered the TON chain to promote the rational development of the ecosystem. However, it is worth noting that TON's chips are very concentrated, and it may be too high, or it may directly hit the market. Look at it rationally.
2. Binance’s official response: Previously, it was a routine operation to collect a large number of wallets when gas fees were low.
🎉Comments: Market confidence is poor, every move is like a frightened bird, and rumors are flying everywhere. However, the engineers in the collection wallet did not do their best and still spent a lot of gas. However, in this position, character is more important than technology. On the other hand, the Binance US market continues to be suppressed. The peak trading volume has dropped by 99%, and various managers have resigned. If the regulatory attitude does not change, Binance US will still be in hibernation for a long time, but the global market is still good. of. Especially cz recently in mainland China, directly connected to hold a family dinner. People fly to Europe again, maybe there is new business expansion.
3. Coinbase CLO: The possibility of Base issuing tokens has not been completely ruled out.
🎉Comment: PUA needs to unify its standards. Base said on From the current point of view, the probability of currency issuance is very slim. As long as CB is still in the United States and the regulatory situation does not change, there will be no currency issuance.
4. Binance will launch ARK 1-10 times U-based perpetual contract.
🎉Comment: BUSD is gradually withdrawing from the stage of history. The hot event this week is whether the currency with pure BUSD trading pair will be on the U pair. Because at present, busd can no longer carry so much transaction volume, and most transactions are small amounts. But on the other hand, the U trading pair also gives many project parties the opportunity to perform. You can pay close attention to relevant aspects, and there may be opportunities.
5. MetaMask now supports the Tezos blockchain.
🎉Comments: Many people have been talking about Little Fox Wallet and Telegram recently, but there are essential differences between the two.All users of Little Fox Wallet are crypto users, which can bring traffic to the software on Little Fox Wallet. This is not the case for users on Telegram. The two complement each other. Most Telegram users have privacy needs, and ton can help them. On the other hand, it brings users to the encryption circle.

Week in review

1. The TON Foundation launches the self-hosted wallet TON Space for Telegram users and plans to launch it globally in November.

Comment: Telegram bot has opened up a new track. Whether it is the success of unibot and banana, or on-chain news push, wallet tracking, Telegram has become an indispensable software for encryption practitioners. TON announced this week that it will launch a non-custodial wallet on Telegram, and Telegram may rely on this to play new games. On the other hand, Telegram Robot was originally worried about the leakage of the wallet private key. Ton's launch of a non-custodial wallet has reduced this risk to a certain extent. The recent ton project team has invested in introducing projects and launching wallets, which also shows that Telegram, a chat software, is fully prepared for the telegram bot craze.

2. Binance.US’s head of legal affairs and chief risk officer are leaving.

Comment: As the world’s largest exchange, it has been targeted in the U.S. market, especially with the increase in the size of Binance. More than half of the global Bitcoin trading volume is in Binance. This kind of giant that can influence the market, regulators He will not be allowed to develop further. Now that Binance US is constantly laying off employees, the situation of external regulatory agencies should not change in the short term. It is wise to reduce expenses and hibernate until the attitude of regulatory agencies changes one day.

3. Sony and Astar developers will establish a joint venture subsidiary and plan to launch Sony Chain, which will compete with Base.

Comment: This week Sony cooperated with Astar. As a giant company in web2, cooperation with it is big news in itself. On the other hand, Japan announced that startups can raise funds in cryptocurrency. This is undoubtedly a very enlightened policy and will be beneficial to the development of encrypted Japan to a certain extent. Moreover, Binance has only entered the Japanese market not long ago. It may also feel that the Japanese market has great potential and it is worth paying attention to the Japanese market.

4. A judge has approved FTX to sell, pledge and hedge its crypto assets.

Comment: This week’s hot event, in fact, FTX’s proposal to sell coins has been circulated for a long time. The plan to withdraw coins and sell them is too unusual, especially for Sol. The daily spot trading volume is only more than 5 million U. How can you cash out with such a trading volume? Although the final proposal was passed, the expected disruption did not occur.It is even said that DWF is willing to take over some FTX assets, perhaps through some form of over-the-counter OTC, which will not affect the market in the short term. In short, this currency withdrawal plan is still relatively abnormal. We will continue to pay attention to the restart status of ftx later.

week in review

1. The SEC postpones all Bitcoin ETF decisions until 2024.

Comments: The most important event this week, the SEC first postponed the 8.13 institution’s ETF application, and then decided to postpone all Bitcoin ETF applications until next year. The spot ETF application, which has been regarded as the only antidote to the market, was delayed, so there was a sharp drop. The root cause of the encryption circle is that there is still no new narrative, new money has not come in, and user pvp is retained at this stage. And if the spot ETF application can be passed, some institutions in the United States and even pension accounts can enter the encryption circle more conveniently, and new money can come in. However, depending on whether the application is approved at the current stage, the SEC is also waiting to see the results of the 2024 US general election.

2. Binance will list CyberConnect (CYBER) and Sei (SEI) on August 15.

Comments: Binance launched two IEO projects this week. It may be that the two IEOs appeared at the same time, and the market did not have enough money. The market value was much lower than the valuation before the opening. Let’s look at CC first. Because of its good reputation in the past and certain popularity, and it is rumored on the Internet that its market maker is DWF, for various reasons, many people choose to open the market against him, but they are caught. As for SEI, due to the airdrop problem, it has been in ink, and many people are scolding it. But this kind of project has been listed on upbit, cb, and Binance, which has never been seen in IEO in the past, which shows that the project party's financial strength is very strong. And even if the airdrop is issued later, the personal quota is still not high, and the potential selling pressure is small, so you can continue to pay attention.

3. Wall Street Journal: SpaceX writes down $373 million in bitcoin.

Comments: The Wall Street Journal is ambiguous and did not specify the specific time when Musk sold Bitcoins, but one thing is certain, Musk has sold all of them, which is a big blow to the market. Especially in a bear market, confidence is more precious than gold. However, in the long run, Musk sold, and the potential selling pressure decreased after that. Now that BlackRock, Fidelity and other institutions have entered the market, the chips have changed hands, and they may be able to fly higher in the future.

4. Data: The total transaction volume of the friend.tech market is close to 14 million US dollars.

Comments: Recently, the popularity and transactions have continued to decline. As a rookie on the social track, it is not the first time to tokenize KOLs. Bitclout has done something similar before.Moreover, the current main function of the platform is that fans and KOLs can communicate directly, but fan tokens do not have substantial empowerment, and the communication between fans and KOLs still depends on the desires of KOLs themselves. But the top KOLs themselves are not short of money, and the distribution of tokens by friend.tech is more like icing on the cake, not a necessity. To change the way of thinking, even if KOL chooses to express himself, he can set up thresholds by setting up telegrams, WeChat and other ways to communicate directly with himself, which is actually easier. Why choose friend.tech?

#美联储是否加息？ #BTC

1. Binance Labs has committed to invest $5 million in CRV, and Curve plans to deploy to BNB Chain.

Comment: This week’s CRV crisis has passed. It can be said that even if there is no contract loophole, the founder’s pledge of a large number of tokens for mortgage loans will have problems in the future. I hope that if there is a problem this time, the founder of the project can be reminded that mortgage loans are risky. However, as the founder sells coins in OTC, the bargaining chips are no longer so concentrated, and the voice of the founder will also decline in the future. In the long run, it is a good thing for the project and token price. On the other hand, FXS loans are repaid first by the founders of CRV. Compared with other platforms, the mechanism has some advantages and can be continuously paid attention to.

2. nd4.eth transferred CryptoPunk#5237to the black hole address for destruction.

Comments: The destruction of tens of millions of RMB is confusing. But what is certain is that it is definitely not related to the nd4 lost contact meme. After destroying so many, it will definitely not be able to come back by relying on the local dog. However, according to online rumors, nd4.eth used to be a high-profile contract player and has always been a frequent visitor to the Binance Contract ranking list. It has accumulated 2 billion US dollars before May 2022, and its assets have shrunk from 2 billion to 100 US dollars within 5 days. Because of Luna's thunderstorm, it became like this. However, it still has money, just because Luna’s original calculation failed and did not replace legal tender, so I feel rather disappointed. Now this is considered a kind of performance art, and maybe it can be diverted to luna in the future, after all, the luna team is still there.

3. Circle announced revenue of $779 million in the first half of this year, already surpassing the $772 million for all of 2022. First-half adjusted profit of $219 million topped full-year 2022 profit of $150 million.

Comments: Stablecoins have performed very well this year. First, the USDT volume has reached a market value of more than 70 billion, with quarterly profits of several billion. Even though USDC has experienced banking incidents this year and was FUDed, the profit in the first half of the year was still 779 million. In such a stable and profitable track, new giants have entered the market, and various national banks have also launched their own stable coins. In the encryption circle itself, perhaps we should pay more attention to the stable track, and maybe we can run out of the dark horse.

4. The US SEC seeks opinions on the Ark spot bitcoin ETF listing proposal.

Comments: The ETF spot application has been postponed, and perhaps several spot ETFs will also be postponed in the future, and a unified decision will be made on whether to pass it.Such good news will definitely come out when the market resistance is very small, because the interests of the institutions are maximized in this way.

1. Worldcoin releases token economics, with a total circulation of 143 million, 75% of which is allocated to the community.

Comments: Worldcoin issued coins this week, and it was directly launched on major exchanges. Due to the low initial circulation, most of the shares are in the hands of a few market makers, and the price is well controlled. Don't think about whether the contract is long or short in the short term, it is tantamount to hitting a stone with the dealer's egg. In the long run, this behavior of issuing minimum guarantees to iris verification around the world will eventually lead to lower and lower currency prices as the chips in the market increase.

2. Elon Mask: In the next few months, X will add the ability to fully communicate and manage the user's entire financial world.

Comments: Musk’s reform of Twitter is a plan he has made since he took over Twitter. Abandoning Twitter's original logo will indeed lose some of its original commercial value, but in the long run, Musk wants to transform from a simple social software to a software that integrates social, financial, and entertainment. Changing the logo is more like breaking it. Start over immediately.

3. Celo's governance proposal on migrating to Ethereum L2 has started community voting, which will end on August 1st, and the current approval rate is 100%.

Comments: The voting rate is 100%, indicating that most of them have begun to realize that the future is no longer a competition between L1, but between L2 and L2. L1, which was originally sluggish, has a new opportunity to start on L2. This kind of story is acceptable to retail investors. But on the other hand, if you still don’t operate well at L2 and come up with new things, you will still be eliminated by the market in the end.

4. India: BlackRock and Jio to launch digital asset venture capital firm.

Comments: The United States and Europe are pushing spot ETFs, Hong Kong and Singapore are building web3 centers, the Japanese prime minister is planning to vigorously promote web3, India’s JIO and BlackRock are cooperating to build digital asset investment companies, and many other countries are trying to get by He, slowly getting involved. The development path of web3 is tortuous, but the prospect is bright.

5. Kyle, the founder of Multicoin, discussed his insights on RWA: Bringing the bond market into the chain is a standard issue, and it is very difficult to get all relevant parties to agree to the new standard.

Comments: Countries have different regulatory policies for RWA. If RWA wants to achieve global circulation, it must need regulatory support.On the other hand, in addition to stocks and bonds that have already marked prices, there are many assets that are difficult to directly mark prices, so how to tokenize on the chain is another new problem. And there is no third-party audit, RWA must be mixed in the early days, pay attention to careful screening.

1. Binance will launch the PENDLE 1-20 times U-standard contract.

Comments: Binance continues to make efforts to lsdfi, this track should attract attention.

2. India: BlackRock and Jio will launch a digital asset venture capital firm.

Comments: Indian companies cooperate with BlackRock. India has a large population and is a good market for developing encryption.

3. People familiar with the matter: Sequoia Capital cuts the size of its cryptocurrency fund to $200 million.

Comments: Sequoia suffered heavy losses due to the FTX incident, so it is the most reasonable move to diversify the funds.

4. Amazon launched AMB, a managed blockchain service, initially supporting the Bitcoin network.

Comments: Amazon continues to deploy the Bitcoin network and continue to pay attention.

5. Israel has set up a special review team on DAO supervision, and will solicit public comments before September 3.

Comments: DAO is a new type of cooperation method based on blockchain, with diverse content and wide coverage. Soliciting public opinions can better understand DAO scientifically.

6. Kyle, the founder of Multicoin, discussed his insights on RWA: Bringing the bond market into the chain is a standard issue, and it is very difficult to get all relevant parties to agree to the new standard.

Comments: Countries have different regulatory policies for RWA. If RWA wants to achieve global circulation, it needs regulatory support.