This article comes in part from Variant co-founder Li Ji Ten years ago, Linkin Park was the biggest band in the world, or at least the most popular music group on Facebook, with 56 million fans and 58 million likes. On Facebook, the band not only announces music releases and concert dates, but also releases a 2013 video game. Then Facebook changed its algorithm, as it often does, to maximize the metric that brought itself higher revenue. Guitarist Mike Shinoda said Facebook told the band that "every time you want to post and reach 100% of your fans, you need to spend money on advertising," and that free posts would only be seen by a small percentage of the band's fans. Algorithms separate artists from audiences. But Facebook and other Web2 social media platforms have clearly declined due to algorithm tweaks and extractive monetization strategies. The emergence of Web3 means that value no longer needs to be primarily attributed to social media intermediaries, whose primary purpose is to facilitate connection. With a Web3 social network, more value flows to users and content contributors who make the network valuable in the first place. What is Web3 Social? Last June, when I looked ahead to 2023, I predicted that decentralized social networks would be the “next big thing.” These platforms can operate in a variety of ways, but they share some common features, including resistance to censorship and user control over data. Web3 Social implicitly leverages blockchain technology and tokenization, distinguishing it from consortium models and other forms of decentralization. The Web2 social business model almost requires the collection of user data to launch advertising and subscription revenue, while Web3 social can minimize or even completely eliminate platform interference. In Web3 social, the goal is to connect users and attract developers, and then avoid impacting both as much as possible. In February of this year, Lens Protocol founder Stani Kulechov hosted a Twitter Spaces event with Lens users to discuss how web3 networks developed from traditional social networks. Lens describes itself as a “user-owned, open social graph that any application can access.” In practice, this means that you don't create a profile, but an NFT. Likewise, all of your fan relationships and content are represented as NFTs.The entire social graph is on-chain, including the act of unfollowing someone by burning an NFT. Three Characteristics of Web3 Social The dialogue members identified three defining characteristics of Web3 Social from the perspective of creators. First, it is platform-free. Without a platform, no third party owns the content you create. On the contrary, you create it and you own it. By extension, Web3 social networks are also censorship-resistant, meaning social connections cannot be removed or restricted by the platform. Secondly, Web3 social data is portable. As Shinoda discovered, Linkin Park doesn't own its relationship with its users, Facebook does. However, Web3 has an advantage: it uses a wallet, which allows for a direct relationship between users and creators so that you don't have to constantly rebuild your fan base; even if the personal social protocol is closed, the wallet remains. The end result is that neither followers nor creators are tied to a single platform. Shane Mac, CEO of XMTP Labs, said he was inspired to co-found the company, which is developing a protocol for Web3 messaging, to avoid a repeat of the Linkin Park experience. "Every time you build an audience on Web2, you just keep building new audiences, and then you lose touch with those audiences over and over again," he said. "I think the pattern here has fundamentally changed. What's changed is that what you're saying now is that if you have to use an app to access your conversations or your network or your relationships, then you don't actually own that audience." Third, because it's Web3, so it's composable. Just like DeFi benefits from monetary Lego, Web3 social protocols gain value and utility through applications built on decentralized social primitives. "It's harkening back to when the kids at Stanford were building apps on Facebook," said video creator Chris Comrie. Over time, however, Web2 platforms often evolve from working with builders to competing with them (As Chris Dixon wrote in 2018) Web3 networks are more conducive to composition because they have always been optimized for collaboration.(See Jesse’s 2019 article “Past, Present, Future: From Co-ops to Crypto Networks.”) The result is better services for creators and their fans. These combined capabilities create new avenues for monetization. Furthermore, creators aren’t the only ones who can make money – curators can, too. When the forwarded post is collected by others, you and the artist can earn some income. This is somewhat similar to affiliate links, where a website fills their pages with backlinks to Amazon and other retailers - when someone clicks on the link and purchases something, the website gets a cut of the sale. Divide into small portions. Those using the protocol can build their own tools to enhance monetization. For example, Amplicata helps users earn rewards for retweeting, connecting them with advertisers. This composability also means there’s no need to limit revenue to any one app. Content originating from one Lens app can be used on other platforms, enabling cross-app revenue sharing. The end result of Web3 social is wider distribution, as creators now have the tools to monetize smaller fan bases. “(Record labels) have a certain standard or a certain person who pushes things forward, and all other artists who may not fit that certain standard are marginalized,” said MarloWe Brett, Phaver’s head of NFT, referring to his recent A conversation with musicians who use Lens. “I think artists are discovering, at least from what they’re saying, that they have the ability to be completely authentic and completely themselves.” In other words, creators can reach more niche audiences because they don’t have to go through an intermediary. Reach a larger, more homogeneous audience. Web2 applications are being abandoned by users, and creators are fleeing. Maybe we need a product that breaks the dimensional wall from WEB2 to WEB3. If creators and fans can continue to develop together on the web3 platform, then maybe web3 social networking will become a reality. Decentralized encrypted short video social---How TITI allows creators and fans to become members of WEB3 applications. TITI integrates encryption technology, NFT applications and WEB3 thinking to create a Web3 short video social platform. TT adopts Web3's innovative business model is a collection of TikTok, Binance, Opensea, and Telegram, realizing one-stop services such as entertainment, chat, and financial transactions.The core system based on celebrity tokens allows anyone to have the opportunity to issue their own celebrity tokens and NFTs, and grow and make money together with their fans. TITI cooperates with spaceID, ens and the base network, and can be used The nft ID is used as the account identifier, the wallet address is used to log in to the application, and the data is stored on a decentralized storage platform, allowing users to truly own their own creative content. TITI has become the fastest Web3 product in the world that does not require a mnemonic phrase for login. TITI - is also the first Web3 social application that supports major ecological tokens to issue red envelopes. Compared with WEB2 application creators, TITI1. Gives creators a barrier-free opportunity to issue social tokens and provides new monetization channels for creators. The appreciation of personal tokens encourages creators to continue creating. At the same time, due to the immediate feedback effect of personal token prices, the incentive efficiency for creators will be higher. 2. TITI gives all creators who want to succeed an opportunity to start from scratch. At present, the success of creators on social platforms is often based on their existing reputation. For creators who want to develop from scratch, it is not Not friendly. 3. Give creators another way to obtain advertising revenue. Advertisers can purchase creator tokens from creators. While creators provide ads for advertisers, creators can also provide revenue to fans, which is conducive to increasing the number of fans. viscosity. 4. For creators, issuing creator tokens is an endorsement based on the platform, which can gain higher trust from fans, especially for creators who start from scratch. Compared with WEB2 application fans need TITI1 more. Essentially, the value of different fans is different, and the existing platform does not provide different benefits to different fans. 2. Provide early fans with an opportunity to grow with creators, and early investors can truly invest in their favorite creators and their careers, and share in the creator's success. 3. For a large number of fans who hold coins, it will encourage them to develop careers together with creators, enhance fan stickiness, and create a community of creators. 4. Through the timestamp function, creators can provide additional incentives to fans who supported early through the number of coins they hold and the time of purchase, to accelerate the promotion of the fan economy.Perhaps TITI will become the leader in web3, break the WEB2 dimension wall, and create a brand new web3 social graph. C3 Tip: The views, thoughts and opinions expressed here only represent the author's personal opinion. This article does not contain investment opinions or suggestions. Every investment and transaction involves risk. There are three realms of investment: seeing, understanding, and holding. Entrepreneurship also has three realms: thinking, doing, and completing. Each level seems to be about the same on paper, but in fact it is much different. Each level can eliminate more than 90% of the people.

#ETF批准
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that could improve the fund's chances of approval
BlackRock submitted a revised proposal for a spot Bitcoin exchange-traded fund (ETF) on Monday in an effort to appease regulators, potentially boosting its chances of receiving first approval in the United States.
Under the updated proposal, BlackRock's ETF would use a cash creation and redemption mechanism, a model favored by the U.S. Securities and Exchange Commission (SEC). The world’s largest asset manager is one of several companies to update its proposals recently, amid speculation that the U.S. Securities and Exchange Commission could approve a raft of spot Bitcoin ETF applications as early as January.

#sats
March 9: $SATS was deployed, with a total amount of 2100 trillion and a total of 21 million cards.
At that time, I not only lamented who had such a big idea, but also deployed such a behemoth in 1:1 sats. At that time, no one thought that it would be defeated.
April 28: The first few deployment inscriptions have been completed, and SATS has been questioned by many users because the total supply is too large.
May progress
May 4th: SATS inscription progress 0.33%
May 9: SATS inscription progress 0.4%
May 11: oxbt is popular in the Brc20 ecosystem, with more currency-holding addresses than ordi, boosting the development of SATS
May 14: SATS inscription progress 0.75%

#RATS
At the same time, as Bitcoin fell, the BRC20 sector declined, but the overall circulation of Bitcoin Inscriptions fell to 57,000.
The past 24h ORDI trend has been consistent with that of Bitcoin, temporarily falling 4.34%. Yesterday evening, it dropped from $55 and quickly fell to 45.99 before rebounding, with the volatility amplified to 18.7%.
SATS performed better than ORDI in the past 24 hours, falling 2.45%. RATS performs strongly, up 85%

1. Open the inscription community voting airdrop event to empower the functionalization of high-quality inscriptions.
2. Slow Mist Cosine: The Bitcoin Inscription CVE vulnerability does not mean that it is necessary to fix it. Is it a preliminary fix for the Bitcoin Core voting activity?

#3AC
Three Arrows Capital co-founder Su Zhu faces his first trial in a Singapore court and is reportedly close to being released.

Su Zhu, the co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), will reportedly be released from prison this month after facing an extensive trial in a Singapore court.
Zhu was arrested in Singapore in September 2023 as he tried to flee the country, and a local court sentenced him to four months in prison. At the time, Teneo, 3AC's joint liquidator, said Zhu planned to assist with matters related to 3AC and help recover assets from the collapsed company.

#RATS

The story of me and the mouse (Red God)
Reviewing the inscription is equivalent to the story of me and the mouse.
First. In hindsight, my friend told me in March this year that this Ordi is so awesome that everyone must buy it, but it must be bought off-site.
I had no idea what I was doing at the time, but I knew something new, the words engraved on Bitcoin, and the practice. This was such a cool thing.
So I asked my friend to collect it off-site, and the price was 500u per piece. Said it has been more than 100 times.
I am driven by curiosity to participate. I get new things first and then research them. This is my many years of investment experience.

Lawmakers have removed cryptocurrency provisions from the 2024 federal authorization bill, which is heading for a final vote.

The 2024 congressional authorization bill is almost certain to be approved without new rules targeting cryptocurrencies after negotiators scrapped encryption language to ease passage through the House and Senate.
While the legislation retains broad provisions for existing security programs, it avoids expanding regulatory scope to digital assets. The decision defers any potential new cryptocurrency regulations to possible future action by Congress.

#比特币铭文
The U.S. National Vulnerability Database (NVD) flagged Bitcoin as a cybersecurity risk on December 9.

The National Vulnerability Database (NVD) flagged Bitcoin Inscription as a cybersecurity risk on December 9, calling attention to security flaws that contributed to the development of the 2022 Serial Number protocol.
According to database records, in some versions of Bitcoin Core and Bitcoin Knots, it is possible to bypass data carrier restrictions by masking the data as code. "As exploited by Inscriptions in the wild in 2022 and 2023," the filing reads.

#摩根大通
Are cryptocurrencies for criminals? JP Morgan fined $39B and has its own token
Cryptocurrency supporters on

JPMorgan Chase CEO Jamie Dimon is getting heat after claiming on CryptoX (Twitter) that the “only real use” of Bitcoin (BTC) and cryptocurrencies is to facilitate crime.
On December 5, Dimon said at a U.S. Banking Committee hearing: "The only real use for it is criminals, drug dealers, money laundering, tax avoidance. If I were the government, I would shut it down."

Hong Kong regulator blocks cryptocurrency website over illegal coin offerings, false claims
Amid heightened surveillance, the Securities and Futures Commission blocked HongKongDAO and BitCuped for regulatory violations.

Cover art/illustration via CryptoSlate. Images include combined content, which may include artificial intelligence-generated content.
Hong Kong’s Securities and Futures Commission (SFC) has restricted access to two cryptocurrency websites, according to a December 6 notice.
In that article, the securities regulator said it had taken steps to block access to the websites of HongKongDAO, also known as the Hong Kong Digital Academy, and BitCuped. Despite the regulator's action, both websites were still accessible outside Hong Kong as of 8:00 pm UTC on December 6.

#ordi、
After a huge surge, ORDI became the first BRC-20 token to surpass $1 billion in market capitalization.

ORDI token, based on the Bitcoin ordinal number, has become the first BRC-20 token to surpass $1 billion in market capitalization after recording triple-digit monthly and weekly percentage gains.
According to data from CoinGecko, ORDI hit an all-time high of over $65 on December 5, surging more than 850% from around $6.80 on November 5. ORDI is up 216% in the past seven days.
ORDI’s sudden price increase made it the first BRC-20 token to reach a $1 billion market cap on December 5. At the time of writing, it was valued at $1.3 billion.

#BTC看多
Bitcoin prices are surging in tandem with gold as the precious metal hits all-time highs, a sign investors are bracing for stock market turmoil.

Bitcoin price crosses $40,000... and $41,000
Bitcoin made a triumphant return to the $40,000 mark, its highest level since the April 2022 highs. That included a swift 2% gain in 24 hours, marking the cryptocurrency’s 19-month peak.

What’s more, Bitcoin is now up more than 140% since the start of the year.
Insights from Markus Thielen, head of research at Matrixport, point to a brighter future. Against the backdrop of the historical trend of post-bear market bull cycles and the upcoming Bitcoin halving event, Bitcoin prices are expected to exceed $60,000 by April next year and as high as $125,000 by the end of 2024.

The famous investor is an outspoken opponent of cryptocurrencies, often denying the legitimacy of the concept entirely.

Charles Thomas Munger, an investing legend best known for his work with Warren Buffett as vice chairman of Berkshire Hathaway, died on November 28 at the age of 99. Munger's family informed Berkshire that he died earlier this morning in a California hospital.

Munger has had a long and storied career across multiple industries, most notably as one of the most successful and influential investors of all time. He is also one of the business community's fiercest critics of cryptocurrencies, often dismissing them as a bad investment.

The SEC’s delay on two spot Bitcoin ETFs could mean it is queuing up approval of all pending applications.

Bloomberg ETF analyst James Seyffart said in a November 28 (Twitter) post that the SEC delayed its decision on the application 34 days ahead of the January 1, 2024 decision deadline.
The SEC asked Templeton and Hashdex to comment on the forms needed to eventually list the ETF and begin trading. The period for comments and rebuttals is 35 days.
Seyffart and his colleague Eric Balchunas believe that the Bitcoin ETF has a 90% chance of being approved as a spot Bitcoin ETF by January 10 next year, and the two delays "almost confirm to me that this is likely to be the case." Give every applicant until January 10th to be approved.” 10, 2024 deadline," Seyffart said.