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Weekend reading recommendation: What is Binance's new IEO Open Campus? A record of Solana's ups and downs.
Summarized by AI
This week, the market was ignited by various meme trends, while the public chain SUI launched an IEO on the trading platform, sparking market discussions. Those wonderful articles will not be forgotten due to the passage of time. In order to facilitate readers to review and collect high-quality content, track the latest developments of projects, understand market trends, and learn and explore, BlockBeats will regularly summarize high-quality content for readers. If you have any suggestions, opinions, submissions, or viewpoints to discuss, please contact us through the end of this article.
《Solana Chronicle: Many Accidents and Few Necessities》
After FTX announced bankruptcy, Solana, which was fully supported by it, was hit hard and fell into trouble. Solana, which was once a shining star and the most promising "Ethereum killer", is now in a state of neglect. This article is compiled by BlockBeats from a podcast released by Mable, the Chief Revenue Officer of STEPN and former partner of Multicoin Capital, in January 2023. As an investment institution with heavy holdings in Solana, Multicoin Capital has experienced both success and failure. Through this article, let's review the ups and downs of this king of public chains. At a time when FTX is restarting discussions, perhaps Solana will one day regroup and set sail again to join the battle of the strong.
《Binance New IEO Open Campus is for what?》
On April 21st, according to an official announcement, Binance is about to launch its 31st Launchpad project, Open Campus (EDU), and start a BNB session. The sale will be based on the investment model, and Binance will determine the user's investment quota based on their average daily BNB holdings over 5 days. What is Open Campus and why did Binance choose it as the new Launchpad project?
"Dialogue with ABCDE Capital Co-founder BMAN: ABCDE's 'Root and Leaf Investment Philosophy'"
Last June, BMAN announced that he was partnering with Huobi co-founder Du Jun to co-found ABCDE Capital, which focuses on supporting Web3 builders. As one of the OGs in China's crypto world, BMAN has been in the industry for 10 years, traversing multiple cycles and witnessing the wave of globalization and ups and downs of Chinese Web3, accumulating a deep understanding of the industry. During the Web3 conference in Hong Kong, BlockBeats interviewed BMAN, co-founder of ABCDE Capital.
This may be the first gathering of the Bitcoin Ordinals community.
Since the launch of the Ordinals protocol on January 29th, over 1.1 million "inscriptions" have been engraved, making these 1.1 million Satoshis (the smallest unit of Bitcoin) completely different. In just over two months, we have seen Yuga Labs, Degods, and even real-life supercar brands like Bugatti enter the scene. Despite the rapid development of Bitcoin NFT infrastructure, I still feel that many players are unfamiliar with Bitcoin NFT in their daily conversations. How many people actually know about Bitcoin NFT? What is the level of interest in Bitcoin NFT? And what are people's opinions on Bitcoin NFT? With these questions in mind, BlockBeats went to Hong Kong.
"About the Web3 situation in Hong Kong: Some Views"
Last week, the Web3 Carnival was held in Hong Kong. Although I didn't attend, I was very interested in it and closely followed the new perspectives and insights presented. I learned a lot, but I was particularly dissatisfied that no one in the public discussions mentioned the most important question: what is the decision-making logic behind the new Web3 policy in Hong Kong?
Why did Arthur Hayes liquidate Bitcoin when the balance of his US Treasury account hit bottom?
Recently, meme coins ArbDoge AI (AIDOGE) and PEPE (PEPE) have ignited a money-making effect, and with the gap up of Bitcoin and Ethereum, the market has entered a correction. On one hand, retail investors are fighting to the death in the airdrops of these top projects, while on the other hand, the domestic dogs are dancing wildly, venting the suppressed funds and making money. The market has no mainline, and it's like a tale of two cities. As the market falls, people are looking for clues macroscopically, and the balance of the US Treasury's account (TGA) that is about to bottom out catches their attention. Arthur Hayes, the founder of BitMex, announced in a blog post on February 7th that he would liquidate his Bitcoin position when the balance of the US Treasury's account (TGA) bottoms out. Some people are joking that Arthur Hayes finally got it right, but what is the principle behind it?
Cryptocurrency trading requires the use of market data and tools, such as ARB and APT. From a data perspective, their fluctuations closely follow the trends of the Korean crypto trading market. Cryptocurrency researcher Miles Deutscher has written an article on "How to Use the Korean Market for Cryptocurrency Trading".
"High APY God Mine More, Return to 2020 DeFi Summer?"
In the recent DeFi race, the hottest staking and mining protocol may be Agility, which reached a TVL of $510 million in just a few days. With extremely high liquidity mining rewards, the price of AGI rose from 0.2 to 0.99 in just 5 days. It's not just Agility, after the upgrade in Shanghai, the carnival is not limited to LSD, and the APY of various DeFi protocols is gradually rising. Emerging god mines are emerging, and there seems to be an atmosphere of the 2020 DeFi Summer. The community also exclaimed: "Although the recent DeFi mining rewards cannot be compared with the Han and Tang dynasties, they are enough to surpass the Yongzheng period."
"Why is zkSync Gas Fee High as a Layer2?"
Perhaps everyone is accustomed to the gas fees of around 0.7 US dollars per transaction for Arbitrum and Optimism, which makes the interaction smoother and more seamless. Recently, some people have been complaining that the gas fees of 2-5 US dollars per transaction for zksync are outrageously expensive and do not have the low cost that L2 should have. With a hardcore attitude towards popular science, let's analyze the differences between zk-rollup and op-rollup, as well as the reasons for the high gas fees of zkSync.
"ETHGlobal Tokyo Hackathon concludes, 11 finalist projects announced"
On April 16th, the ETHGlobal Tokyo themed hackathon officially came to a close in Tokyo, Japan. The hackathon ultimately selected 11 finalist projects, covering multiple fields such as wallets, NFTs, DeFi, social media, payments, and security. These projects will share a total of $375,000 in prize money provided by 36 projects including ETHGlobal, 1inch, Taiko, Mina, Polygon, and Lens. Next, the Odaily Star Daily will take you through these 11 finalist projects.
Franklin, who used to be 33 years old and earned a million-dollar annual salary, was received by the President of the United States and had a glorious moment in the NFT circle. However, due to market fluctuations, wrong investment decisions, and gambling losses, he eventually returned to square one.
"Iron Fish mainnet goes live, over 50% of addresses being anti-witch causes community controversy"
Iron Fish has completed the mainnet launch this week. Previously, it was stated that users who participated in the test version could receive rewards. However, due to strict KYC procedures, Iron Fish's airdrop has once again sparked a debate on how to incentivize early users and limit the number of witches. Iron Fish announced the audit results: a total of 171,891 users earned points during the testnet period, 82,871 users met the requirements, and 89,019 accounts (52%) were disabled. In addition, whether the airdrop value can cover the early testing costs is also a key topic of discussion among Iron Fish users. According to financing data, the cost of participating institutions such as a16z and Sequoia Capital is about $4.5, while the current OTC trading price is around $20. This article will re-examine Iron Fish's development history, token economics, and discuss its airdrop plan.
《PEPE skyrocketed 1000 times, are the buyers insider traders or lucky ones?》
The Meme coin PEPE has skyrocketed 1000 times in just 4 days, and some users have made a fortune. Cryptocurrency KOL An Ape's Prologue discovered some wallets with a total cost of 0.61 ETH (about $1210), and successfully earned over 9 million US dollars - a return of 7500 times. However, the timing of their purchase was strange, which raises suspicions of whether it was luck or insider trading.
"What is Agility, the new LSD project with a 300% weekly increase?"
Shanghai's upgrade has sparked the LSD concept, giving birth to the LSD mining project - Agility (AGI). Since last weekend, with its high liquidity mining returns, Agility's TVL and coin price have multiplied several times. Agility is gaining popularity after Shanghai's upgrade, attempting to bring a LSD Summer carnival. Agility claims to be the world's first LSD liquidity layer, with a vision to unlock liquidity for LSD holders, explore more LSD trading scenarios, and provide deep liquidity for other LSD-related protocols.
Recently, during the Hong Kong Web3 conference, we saw the prosperity and vibrancy of Hong Kong, but some couldn't help but wonder, "Why didn't V God go to the Wanxiang Conference in Hong Kong?" After all, we all know that Ethereum and the Wanxiang Conference have a deep relationship: in the early stages of Ethereum's development, Xiao Feng sponsored Ethereum with 500,000 US dollars in the name of Wanxiang Blockchain Lab. HashKey Group also invested in Ethereum through its subsidiary and became one of Ethereum's early investors. It was these funds that helped Ethereum get back on track. Since then, Vitalik Buterin and Xiao Feng have started a close collaboration, such as Vitalik actively participating in the Wanxiang Global Blockchain Summit every year, even if he cannot attend in person, he will participate through video. Therefore, V God's absence from the Wanxiang Conference in Hong Kong has become a question mark in many people's minds.
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