BlockBeats will summarize the key industry news of the week (9.16-9.22) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
The Fed cut interest rates by 50 basis points, a bold start to the rate cut cycle
On September 19, the Federal Reserve started a rate cut cycle, lowering the federal funds rate by 50 basis points to 4.75%-5.00%, the first rate cut since March 2020. Nick Timiraos, a reporter for the Wall Street Journal who is known as the “Federal Reserve’s mouthpiece,” said that the Fed’s 50BP rate cut marked a bold start to the rate cut. According to statistics, the last time the Fed cut interest rates by 50 basis points was in March 2020, and since then, Bitcoin has risen by more than 10 times. Related reading:“Will Bitcoin rise or fall after the interest rate cut? What do traders think?”、How Could Fed Rate Cuts Increase Bitcoin Volatility?、“Quick review of the key points of Powell’s hawkish press conference”
Fed dot plot median: cumulative rate cuts of 100 basis points in 2024
On September 19, the Federal Reserve’s dot plot showed that among the 19 officials, 2 officials believed that there should be no further interest rate cuts in 2024, 7 officials believed that the interest rate should be cut by another 25 basis points in 2024, 9 officials believed that the interest rate should be cut by another 50 basis points in 2024, and 7 officials believed that the interest rate should be cut by another 75 basis points in 2024.
Goldman Sachs, Citigroup, and Morgan Stanley predict the Fed’s future rate cut path
On September 19, several of Wall Street’s largest brokerages, including Goldman Sachs, Citigroup, and Morgan Stanley, made predictions about the Fed’s future interest rate cut path. Bank of America expects the Fed to cut interest rates by 75 basis points in the fourth quarter and another 125 basis points in 2025. Goldman Sachs maintained its forecast that the Fed would cut interest rates by 25 basis points at its meetings in November and December this year. Citigroup maintained its forecast for the Fed’s interest rate cuts this year at 125 basis points, but now expects the Fed to cut interest rates by 25 basis points in December, compared with a previous forecast of 50 basis points. In addition, the bank expects more 25 basis point rate cuts in 2025, pushing the terminal interest rate to a range of 3%-3.25%. Other brokerages, such as Macquarie and Deutsche Bank, have retained their expectations of two more 25 basis point rate cuts by the Fed this year. Economist Seth Carpenter and strategist Matthew Hornbach of the Morgan Stanley team said they might choose to implement a series of conventional rate cuts (25 basis points) by mid-2025, with two cuts this year and four cuts in the first half of next year.
CZ will be released from prison on September 29
On September 16, according to the official website of the U.S. Federal Bureau of Prisons, a 47-year-old Asian man named “CHANGPENG ZHAO” will be released on September 29, 2024. According to a Bloomberg report in June, Binance founder CZ went to a federal prison in California to begin a four-month sentence.
TOKEN2049 Singapore successfully concluded on September 19
TOKEN2049 Singapore, a global conference aimed at defining the next steps in Web3, concluded on September 19. During the two-day main event, hundreds of meetups and seminars were held, bringing together more than 7,000 companies and over 20,000 attendees from more than 150 countries. Singapore has become a vibrant hub for Web3 activity. Related reading:《Real-time update | TOKEN2049 Singapore concluded successfully, review of the wonderful content》
Trump launches the first edition of silver commemorative medal TRUMP COINS, the official website is now online
On September 21, former US President Trump launched the first edition of his silver commemorative medal TRUMP COINS, and the project’s official website has been launched. The main features of the silver commemorative medal include: containing 1 ounce of .999 pure silver; minted in Indiana, USA; designed by Donald J. Trump; the only officially authorized Donald J. Trump silver medal on the market; engraved with the image of President Donald J. Trump on the front and the image of the White House on the back; comes with a customized felt bag and certificate.
Trump’s crypto project World Liberty Financial, 63% of WLFI tokens will be sold to the public
On September 17, Trump’s crypto project World Liberty Financial (WLFI) said in a live broadcast that 63% of WLFI tokens will be sold to the public, 17% will be used for user rewards, and the remaining 20% will be used for the team.“Trump family DeFi project confirms coin issuance, Trump once again talks about his recognition of Crypto (with full text of speech)”
He Yi: Binance has no intention to guide the trend towards Meme
On September 16, Binance co-founder He Yi said in Telegram: “Binance has no intention of steering the trend towards Meme. There are currently three types of projects in the market: 1) TG mini-games, which have a lot of players; 2) A large number of infrastructure projects and other tokens are issued, all of which are highly valued CV coins; 3) Memecoin is the only hot currency in the market. The previous contract did follow the trend and listed NEIRO. The community reported that Meme was becoming a currency, so we spent some time looking for some projects with relatively low market capitalization and dispersed coin holdings to test the waters; 4) For other types of projects, we are also keeping an eye on them. If you think there are any coins that you think are particularly good, please recommend them.
Binance responds to “insider trading rumors”: verified to be “a false incident”, valid reports can receive rewards of $10-5 million
On September 17, Binance Chinese official issued a statement saying that a screenshot of a KOL (Vic TALK) community circulating in the Chinese community recently triggered a discussion about Binance’s “rat warehouse”. After official verification, it was finally confirmed to be a “misunderstanding”. The information mentioned about several coin listings was based on the “win rate” of speculation. The information came from a secondary trader and was not insider information. Binance stated that any behavior involving leakage or corruption will be dealt with seriously once verified. You are welcome to report any clues about coin listing or other forms of corruption at any time. After verification, if Binance internal personnel are involved, the official will provide a reward of 10 to 5 million US dollars while protecting the reporter’s personal information. Related reading:He Yifa responded to the anxiety in the cryptocurrency circle and the rumors about listing coins in a long article: Binance needs to reconcile and does not have absolute right to speak
BNB Chain announced integration with Telegram; will launch Telegram mini-program game Moonbix, the date will be announced as soon as possible
On September 18, Binance customer support team announced that its upcoming Telegram mini-program game Moonbix was accidentally leaked before the planned release date. The product is still being fine-tuned and the official release date will be announced as soon as possible. On September 20, BNB Chain was integrated with the messaging application Telegram. With Telegram robot wallets such as CodexField Wallet and UXUY Wallet, users can send, receive, and interact with dApps in Telegram chats. These wallets can serve as a convenient portal to the BNB Chain ecosystem, enabling users to fully manage their assets directly in Telegram.
Binance launched Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE), driving up the price of NEIRO
According to the official announcement, Binance will launch spot trading of Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE) at 18:00 (UTC+8) on September 16, 2024. Withdrawals will be available at 18:00 (UTC+8) on September 17, 2024. Subsequently, the price of Neiro rose rapidly, with an increase of more than 680% in half an hour, and the market value exceeded 116 million US dollars. Related reading:Neiro Resurrection: Trading Platforms Are Becoming the “National Football Referee” of the Meme Market｜100x Review
One of the major updates of Ethereum, Pectra upgrade will make changes to gas fees, validator rights, etc.
On September 21, Ethereum core developers decided to split the network’s next major upgrade, Pectra, into at least two parts, with the first update set to be released around February 2025. Currently, gas fees on Ethereum, Base, Arbitrum, Optimism, and other second-layer networks must be paid in ETH, regardless of what token is transferred. A proposal included in the first part of Pectra, EIP-7702, will effectively end this requirement, allowing users to pay gas fees with other more versatile cryptocurrencies. Another improvement is EIP-7251, which will allow Ethereum stakers to receive rewards for more than 32 ETH staked. For example, users who currently stake 40 ETH cannot currently receive income or voting rights from an additional 8 ETH. This will significantly reduce the bandwidth requirements of the entire Ethereum network.
BingX was hacked and more than $43 million was stolen; the platform said it would bear all losses
On September 20, according to market news, the cryptocurrency trading platform BingX was suspected of being hacked, and a large amount of abnormal funds outflow has been detected. Paidun estimates that the total amount of stolen assets from BingX has exceeded 43 million US dollars. After the theft, BingX immediately launched an emergency plan, including emergency transfer of assets and suspension of withdrawals, and stated that the losses caused by the attack will be borne by the platform. On September 21, BingX Chief Product Officer Vivien Lin posted that the withdrawal service is being gradually restored, and BSC network withdrawals will be open at 08:30 on September 21.
WalletConnect announces launch of WCT token, 18.5% will be allocated to airdrop in the first quarter
On September 17, the Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. Registration for the WCT airdrop will open on September 24. The initial supply of WCT tokens is capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first season airdrop. To participate in the WCT airdrop, users must register by connecting their wallet, linking their GitHub account, and providing an email address. Eligibility requirements include having an Ethereum address, actively using WalletConnect, or contributing to open source projects. The first season of airdrops will end on October 11. Initially, WCT tokens will not be transferable.
Aleo Announces Token Economics, 34% Allocated to Early Backers
On September 17, the programmable privacy network Aleo announced its token economics, and there will be 1.5 billion Aleo tokens at the launch of the mainnet. After the mainnet is launched, the consensus algorithm will automatically generate tokens to reward provers and stakers. Among them: 34% is allocated to early supporters; 25% is allocated to grants, ecosystem contributors and education; 17% is allocated to employees and project contributors; 16% is allocated to the Aleo Foundation and Provable; 8% is allocated to strategic partners. Staking and proof rewards increase the supply of tokens in circulation by about 75% in ten years (from 1.5 billion to more than 2.6 billion). The inflation rate will gradually decrease from 13.5% in the first year to 1.6% in the tenth year.
The RMB exchange rate against the US dollar rose and approached the 7.0 mark, and the highest price on the Binance platform was only 6.98
On September 21, as the Federal Reserve released a signal of interest rate cuts, the RMB exchange rate showed a strong upward trend. As of 4:59 on September 21, the offshore RMB against the US dollar was 7.0421, up 295 points from the previous trading day. At the close of 16:30 on September 20, the onshore RMB against the US dollar was 7.0552, up 108 points. The highest price of USDT to CNY on the Binance platform was only 6.98 yuan.
A dispute arose over a virtual currency transaction, and the Hunan Court in China dismissed the plaintiff’s claim
On September 16, the People’s Court of Yuanjiang City, Hunan Province, recently heard a dispute case caused by the sale of virtual currency. In this case, Zhou found his friend Dai, hoping to help him buy BZZ virtual currency (a kind of encrypted virtual currency) for investment. Therefore, Dai was entrusted by Zhou to buy BZZ virtual currency from Zheng and “send” the virtual currency to Zhou’s imtoken wallet. But after a while, Zhou sued Zheng in court, demanding the return of 76,518 yuan of funds for purchasing BZZ virtual currency and payment of capital occupation fees. After trial, the court held that BZZ coin is a network virtual currency similar to Bitcoin, and should not and cannot be circulated and used as currency in the market. The entrusted transactions, management and derivative refunds of BZZ coins between Zhou, Zheng and Dai are not protected by law in my country at present. The consequences of such actions should be borne by themselves. Zhou’s lawsuit requesting Zheng to return 76,518 yuan of funds used to purchase BZZ virtual currency and pay the fund occupation fee has no factual and legal basis, so the final judgment dismissed Zhou’s lawsuit.
Chongqing police cracked the BLAST token theft case, suspect implanted code into company computers to transfer airdrops
On September 19, the Chongqing Municipal Public Security Bureau successfully cracked a virtual currency theft case involving an amount of about 400,000 yuan and arrested three suspects. In June 2024, the Chongqing Municipal Public Security Bureau received a report from a technology company in its jurisdiction, saying that more than 2.6 million BLAST tokens were stolen from the company’s account. By analyzing the transaction path and capital flow, the police quickly locked and arrested three suspects, all of whom were former employees of the technology company. They used their positions to implant malicious code into the company’s computers and stole the company’s virtual wallet address and private key password. On the evening of June 26, after the company’s virtual wallet received the official BLAST tokens, the suspects immediately transferred the tokens to a pre-prepared wallet, and then cashed out and divided the spoils. At present, the three suspects have been approved for arrest by the procuratorate in accordance with the law on suspicion of theft.
Three people were sentenced by the Hubei court in China for setting up a “community” pyramid scheme in the name of investing in virtual currency
On September 19, the Zhongxiang City Procuratorate of Hubei Province prosecuted Chen and three others for organizing and leading pyramid schemes. After a judgment in accordance with the law, Chen and three others were convicted of organizing and leading pyramid schemes and were sentenced to three years in prison, suspended for five years, and fined RMB 350,000. The police investigation found that a pyramid scheme organization headed by Chen, Ding, and Fu decided to issue self-created virtual currency to obtain income. “The three agreed on the promotion model, reward system, profit distribution mechanism and other matters, and went to other places to find Lu, the head of a software design company, to develop a virtual currency software APP. In February 2022, the APP was officially launched. On February 19 of the same year, Chen and three others held a press conference for the APP, and called on friends to participate in the virtual currency project. At the same time, they established a pyramid scheme organization “XX Community” in the name of investing in virtual currency projects.
This week’s hot articles
Recently, after Binance launched multiple meme coins, a chat screenshot of a KOL accurately predicting all specific coins before listing was reported, which once again aroused heated discussions in the community about “Binance insider trading”. The US SEC also submitted a proposed revised complaint against Binance, focusing on Binance’s token listing process and accusing Binance of acting as an unregistered securities provider. In response, Binance co-founder He Yi issued a statement to explain his personal views and unique opinions on the two major themes of “not so easy to make money” and “compliance” in the crypto field during this cycle, as well as the specific process of Binance listing coins.
On March 18 this year, dexter, the founder of Whales Market, announced the pre-sale of its AI project tokens on Solana, raising 155,364 SOL (about 32 million US dollars) in just half an hour, exceeding the pre-sale hard cap of 30 million US dollars. However, dexter deposited the pre-sale funds into Binance the day after the pre-sale was completed. After several months, on August 14, gm.ai officially announced the launch of the GM token. However, after such a long interval, the pre-sale participants were waiting for a 100% loss as soon as they went online. The participants were cut to pieces, which can be called the biggest scam of the year in the currency circle. Crypto KOL 0xkevin The perpetrators of this scam were exposed.
《Real-time update | TOKEN2049 Singapore concluded successfully, review of the wonderful content》
TOKEN2049 Singapore was held on September 18-19, and the conference aimed to define the next development in the Web3 field. During the two-day main event, hundreds of meetups and seminars were held, bringing together more than 7,000 companies and over 20,000 attendees from more than 150 countries. This article is a review of the hot developments and highlights of the conference, including the wonderful speeches of Ethereum co-founder Vitalik Buterin and Multicoin Capital co-founder and managing partner Kyle Samani, for readers’ reference.
The fourth Breakpoint was held in Singapore from September 20 to 21. In addition to the main venue, this conference also held more than 40 peripheral activities. The Breakpoint conference is the largest and most influential conference in the Solana ecosystem, carrying the entire Solana ecosystem’s expectations for information exchange on value judgments, future directions, and wealth codes. Last year, the fermentation time of Breakpoint was almost highly consistent with the explosive pull cycle of SOL. Will Solana repeat last year’s explosive plot this year? What hot hype targets have been generated?
“Quick review of the key points of Powell’s hawkish press conference”
On September 19, the Federal Reserve cut the federal funds rate by 50 basis points to 4.75%-5.00%, starting a cycle of rate cuts. This article is a summary of the key points of Powell’s Q&A at the press conference. Powell intended to emphasize that any rate cut decision made by Federal Reserve officials will be based on the current economic situation and data, and the risks between the two major missions of inflation and employment are currently balanced, so it is time to start cutting interest rates to boost the labor market. In addition, Powell does not believe that a large rate cut indicates that the US economy is approaching a recession, nor does it mean that the job market is on the verge of collapse. The rate cut is more of a preventive action aimed at maintaining the “robust” status quo of the economy and the labor market.
How Could Fed Rate Cuts Increase Bitcoin Volatility?
The Bitcoin market is facing a period of extreme volatility as expectations of a rate cut by the Federal Reserve have raised concerns. The price of Bitcoin fell from $65,000 in late August to $59,000 in early September, and the market is full of uncertainty about future volatility. Although rate cuts are generally seen as bullish for Bitcoin, a radical 50 basis point rate cut could hint at deeper economic instability, leading to a rise in investor aversion to risky assets. Weakness in the job market and challenges in the global economy have also further exacerbated this unease. As September progresses, investors need to be wary of possible market volatility, and the Fed’s policies will have a key impact on the future trend of Bitcoin.
Why Should You Care About Bitcoin’s OP_CAT? The Biggest Narrative After Lightning Network
OP_CAT has rapidly emerged in the Bitcoin ecosystem and has become a highly anticipated technology, especially in projects such as Fractal Bitcoin. The core function of OP_CAT is to splice multiple data fragments to enhance Bitcoin’s smart contract capabilities. Supporters include developers of the Lightning Network and researchers at Blockstream, who believe that OP_CAT can optimize multi-signature and state contracts to improve payment efficiency. With the advancement of the BIP347 proposal, the re-enabling of OP_CAT is seen as an important milestone in Bitcoin expansion and innovation, and may lead a new development trend.
“SUI has risen by more than 40% in 7 days. Why is it that it has suddenly taken the lead?”
SUI has recently risen by more than 40%, which has attracted attention. This week, the TVL of the Sui network exceeded US$1 billion, setting a record high. The price of the currency even broke through US$1.5, and was temporarily reported at US$1.501 at the time of publication. Why did SUI suddenly take the lead? All of this actually has traces. On September 12, Grayscale announced the launch of the Grayscale SUI Trust Fund, which was officially open to qualified investors. On September 18, Binance launched the SUI coin-based perpetual contract. At the same time, the UDSC stablecoin will soon be natively supported on the Sui network through the cross-chain transfer protocol. With many favorable factors, the long-term potential of SUI is exciting.
《Sui airdrop season is happening, how to plan efficiently?》
The Sui ecosystem is experiencing a wave of enthusiasm, which has also sparked speculation about potential airdrops. Sui’s lending protocol, Suilend, is developing rapidly, with a total locked value of over $130 million. Users can earn up to 12% annualized returns by depositing stablecoins, and can also receive SUI token subsidies for lending. Multiple investment paths can achieve a comprehensive annualized return of more than 15%, while earning Suilend points. Suilend also launched the Suilend Capsule NFT as a reward, which is expected to be related to its token exchange. In addition, although the Rootlets NFT series launched by Suilend founder Rooter claims that it will not be airdropped, its close connection with Suilend has attracted widespread attention in the market.
“BlackRock’s latest report: Why is Bitcoin so different from traditional assets?”
Bitcoin has grown from obscurity to a popular asset over the past 15 years, and its unique decentralized and fixed supply characteristics make its risk and return drivers significantly different from traditional assets. Although its high volatility regards Bitcoin as a high-risk asset, its fundamentals and adoption trajectory are affected by macro factors such as global monetary stability and geopolitical conditions, which is in stark contrast to traditional financial assets. Although Bitcoin’s price may be affected by market sentiment fluctuations in the short term, it usually recovers quickly, demonstrating its potential as a safe-haven option. As anxiety about US fiscal and global economies grows, Bitcoin may be increasingly seen as an effective portfolio diversification tool.
《EIGEN unlocking time is approaching, what is the expected valuation and return? 》
EigenLayer recently announced two important developments related to the EIGEN token: the second season airdrop is now open for claiming, with a deadline of March 16, 2025, and programmatic incentives will be launched, with weekly EIGEN incentives issued to qualified stakers and operating nodes starting in October, with an estimated distribution of approximately 66.95 million EIGEN in the first year. These actions are seen as a warm-up for the upcoming EIGEN unlocking event, although the specific date for circulation unlocking has not yet been determined. EigenLayer currently ranks third in the ecosystem with a total locked value of US$10.79 billion, and remains a leader in the re-staking field. With the launch of the incentive plan, the return of staked users is expected to be around 1.6%, but considering security and liquidity, the platform is still attractive to investors.
After Binance announced the launch of Neiro, Turbo and Baby Doge Coin spot trading pairs, Neiro’s market value soared rapidly, but the story behind it is full of drama. Two meme coins named Neiro and NEIRO were launched on different trading platforms and caused market fluctuations. Neiro’s success is closely related to Vitalik’s unexpected interaction, while NEIRO skyrocketed due to the launch of contracts on OKX and Binance. This meme coin civil war reflects the current market consensus crisis and the impact of the cabal model and the shadow of insider trading on industry values. The future of meme coins faces the dual challenges of consensus generation and industrialization.
So far, six Ethereum Layer 2 networks have reached Phase 1, while most of the others are still in the early stages. Ethereum co-founder Vitalik Buterin said that if a network does not enter Phase 1 by the end of the year, it will no longer be considered a Layer 2 network. The recent Velocore attack has raised questions about the speed of decentralization, with critics arguing that networks that rely on Ethereum for security should not suspend block production. Currently, networks that have entered Phase 1 include Arbitrum One and Optimism, which use fraud proofs and zero-knowledge verification to ensure transaction validity. Others such as Base and ZKsync Era are still under evaluation, and future developments will affect the trust and status of the Ethereum ecosystem.
“Review of Ethereum’s two-year transition to PoS: Why has the price of ETH stagnated?”
Two years after Ethereum transformed into a PoS mechanism, it faced doubts about its poor market performance. While the price of ETH has increased by approximately 44.28% over the past two years, the increase has lagged significantly compared to BTC and SOL. This phenomenon reflects the competition between Ethereum’s Layer 1 and Layer 2 and the contradiction between staking and liquidity. With the rise of Layer 2, ETH’s on-chain activities and fee income have been impacted. Although the fee reduction is intended to stimulate demand, the actual situation has resulted in insufficient value feedback. At the same time, although the total amount of Ethereum pledged increased by 150.18%, the growth rate slowed down significantly, and the balance between the liquidity of the pledged amount and market demand became increasingly prominent. Compared with the rapid growth of Solana, the growth rate of Ethereum’s application demand also appears insufficient, which has triggered market concerns about its long-term growth potential. Overall, although Ethereum may face fluctuations in the short term, its future development still requires attention to the continued interaction between technology and the market.
“How will the US election, which everyone is talking about, affect the crypto market?”
The impact of the US election on the crypto market cannot be ignored. Although the election has limited impact on the price trend of crypto assets such as Bitcoin in the long run, it can cause market fluctuations in the short term. For example, in the case of US stocks and gold, the months before the election are usually accompanied by large fluctuations, and the reaction of the crypto market is similar. Macroeconomic factors, especially the monetary policy of the Federal Reserve, such as interest rate cuts and inflation trends, are still the main forces dominating the crypto market. Crypto companies influence the policy environment through donations, and betting platforms such as Polymarket have also become popular due to the popularity of the election.
From September 16 to 17, Singapore hosted Asia’s first large-scale Farcaster ecosystem offline event, attracting many ecosystem builders, investors and researchers. In the afternoon roundtable of FarCon Asia, many guests discussed the opportunities and challenges of decentralized social networks. Jane Lippencott, partner of a16z Crypto, emphasized the importance of early projects in building a united community and user diversity, and believed that the Fancaster ecosystem performed well in this regard. Tony, co-founder of Tako, discussed the new exploration of token incentives for creators’ income, while Yawn Rong, co-founder of STEPN, focused on the sustainability of the profit model, pointing out that token incentives alone are not a long-term solution. Pigi, game director of Taiko, emphasized the long-term value of high-quality game development and believed that lowering the user threshold is crucial. Finally, Andrei Grachev, partner of DWF Labs, and Tina of Yuga Labs discussed the potential of Meme coin culture and the trend of rebranding of NFT projects, respectively.
In the wave of blockchain innovation in Asia, FarCon Asia was successfully held as the first large-scale Farcaster ecological offline event in Asia, focusing on the development of on-chain social applications. Jesse, head of the Base protocol, shared Base’s vision and strategy in the dialogue, emphasizing that social products will lead the next wave of user growth, and discussed how to put currencies from different countries on the chain to increase the availability of global financial services. Jesse believes that Asian developers are experienced in building applications and can promote open data sharing and create super applications. At the same time, he pointed out the importance of the creator economy and called for more opportunities for creators through community support and high-quality tools to achieve higher value sharing. Overall, Base’s goal is to bring one million high-quality developers and one billion users to the chain to promote the vigorous development of the global blockchain economy.
At the FarCon Asia event on September 17, Farcaster founder Dan had an in-depth conversation with KOL Ted, emphasizing the uniqueness of Farcaster as a decentralized social network. Dan explained the significant differences between Farcaster and Web 2.0 social platforms, particularly the strategy of encouraging users to speak as individuals rather than as brand accounts. He also introduced Farcaster’s developer ecosystem, pointing out that developers can use decentralized social graphs and content distribution tools to create various applications and improve user experience. As the number of users grows, Dan calls on developers to focus on authenticity and interactivity, and suggests establishing small communities to further enhance the connection and participation among users.
“The exit game between venture capital and hot money, starting from Friend.Tech”
This podcast explores in depth the impact of the sharp drop in the price of Friend.Tech tokens on project planning and user retention. It also discusses the ethical issues of crypto project exits, especially project termination after token issuance, and the different roles of venture capital and liquidity funds in the crypto market. In addition, the program analyzes the negative effects of airdrop mining and the impact of hedge funds on market liquidity and efficiency. The podcast also mentions the conflict between market speculation and long-term value creation, as well as the room for improvement in market efficiency.
This article discusses the role of the US dollar in the global economy, emphasizing that the Federal Reserve does not fully control the global influence of the US dollar. Through a conversation with expert Jeff Snider, this article reveals how the “Eurodollar” system works, explaining how the US dollar circulates in the global market with banks as the center, and is not directly controlled by the US government. This article also explores the actual role of reserve currencies, showing that the Federal Reserve’s monetary policy, especially interest rate adjustments, may not have a decisive impact on the global economy. In addition, readers need to be wary of cognitive biases and think about complex economic issues from different angles.
Airdrops were once an important tool to promote the development of crypto projects, but over time, they have gradually exposed the drawbacks of short-term speculation and have difficulty maintaining the long-term loyalty of users and developers. Many projects rely on airdrops and funding programs, but they attract “hot money” that quickly disappears. In the future, blockchain projects should focus on building long-term, value-driven models that incentivize users and developers to continue to participate and contribute to achieve a more stable ecosystem development. It is time for us to focus on building long-term, value-driven models that can ensure the loyalty of users and developers.
From Graham to Satoshi: An Investor’s Guide to Bitcoin Value
Value investing originated in the late 1920s and was proposed by Benjamin Graham and David Dodd against the backdrop of the Great Depression. It aims to explore the intrinsic value of stocks through fundamental analysis. Graham’s philosophy was in contrast to the speculative frenzy of the time, emphasizing that market prices do not always reflect true value. This framework has inspired investment masters such as Warren Buffett to emphasize the importance of long-term holding, reverse thinking, and compound returns. Today, the principles of value investing are not only applicable to traditional stocks, but also provide a powerful tool for analyzing emerging assets such as Bitcoin, highlighting the potential of long-term investment and opportunities under market misunderstandings.
