1. Venus Protocol, a lending protocol, is caught up in the BNB liquidation storm. A quick overview of the incident
Recently, the price of BNB has fallen sharply due to the SEC's lawsuit against Binance. When the price of BNB fell to around $255, it was reported online that the BNB positions pledged on Venus by the attackers of the BNB Bridge hack in October last year were about to face large-scale liquidation risks. For a time, this matter attracted widespread attention from the market and investors, and Venus Protocol officials had to issue a series of clarifications. Click to read
2. Not just Socialfi, where is the future of Web3 social networking?
Social applications are a public product. They are about communication between people and freedom of speech. In the Web2 world, Twitter, Facebook, Telegram, WeChat, etc. are all national-level social applications with a large number of users. In addition to national-level applications, there are also social products like Discord and Tinder that dominate vertical classification circles or meet people's needs. Click to read
3. A16z 2023 Crypto Startup School 25 Graduation Projects
On June 8, 2023, the a16z crypto team announced that the 2023 Crypto Startup School, which started on March 6, 2023 and lasted for 12 weeks, has recently ended. Crypto Startup School was launched by a16z crypto in February 2020 to help builders start new Web3 projects. After two years of suspension, a16z crypto announced the re-launch of Crypto Startup School in October 2022 and received more than 8,000 applications in just one month. Click to read
4. Five YES or NOs about Hong Kong VASP Act
After the VASP system is implemented, the SFC will, on the one hand, regulate the security token transactions conducted by virtual asset trading platforms in accordance with the current system under the Securities and Futures Ordinance (involving licenses 1 and 7), and on the other hand, it will also regulate the non-security token transactions conducted by virtual asset trading platforms in accordance with the VASP system under the Anti-Money Laundering Ordinance (involving VASP licenses). In actual operations, it is often difficult to determine whether a virtual asset is a security, and the characteristics of some virtual assets may change over time. Click to read
5. Analysis of Sui ecological data and token release
Sui has been online for more than 40 days since May 3. As one of the representative projects of the Move public chain, Sui represents a different development direction from Ethereum L2. Since the project was launched, there have been many controversies, especially its token issuance method and release model. Some people think it will follow the footsteps of ICP, while others think it may be similar to the new public chain in 2021. Click to read
