BlockBeats will organize the key industry news content of the week (4.21-4.28) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends

Review of important news this week

US Department of Justice lawyers demanded that CZ be sentenced to 36 months in prison, CZ submitted an apology letter, and there were 161 letters of appeal from people in various industries

On April 24, the sentencing statement submitted by the US Department of Justice lawyer stated that CZ pleaded guilty to violating the Bank Secrecy Act in November last year and should be sentenced to 36 months in prison and pay a fine of 50 million US dollars. CZ's lawyer countered that CZ should be sentenced to probation instead of imprisonment.

Subsequently, CZ apologized for his "wrong decision" in a letter submitted to the judge and admitted that he took "full responsibility" for his actions. CZ said, "There is no reason not to establish the necessary compliance controls at Binance, and promised that this would be his only encounter with the criminal justice system." He hopes to support biotech startups and young people. In addition to CZ's letter, there are 161 letters of appeal from family, friends and others. Including former US Ambassador to China Max S. Baucus, Professor Jeremy R. Cooperstock, Professor of McGill University McGill University, Associate Professor Gu Ronghui, Professor of Columbia University, Morgan Stanley Managing Director Sean Yang, and members of the United Arab Emirates family also sent letters of support. Among them, He Yi's letter has been widely read in the industry. 《Full text of He Yi's letter to US judge: What is a more real Zhao Changpeng like? 》

Starknet Foundation will reissue STRK airdrops for 3 types of user groups

On April 24, the Starknet Foundation said it would reissue STRK airdrops for 3 types of user groups, including: Collective stakers: The foundation said it initially intended to distribute STRK to eligible collective stakers through the staking protocols used by users. Although many staking protocols cannot complete the distribution task, the currently supported protocols or entities include: Lido, Rocket Pool, BloxStaking, SharedStake, stakefish, Consensys, and Ankr Staking. StarkEx users who were mistaken for VeVe users: Immutable users who were identified as non-VeVe users in the update list received by the foundation from Immutable will be able to claim STRK through the portal. VeVe users: Ongoing discussions with VeVe on token distribution.

Solana On-Chain Pre-Sale Market Whales Market Announces Listing on io.net (IO)

On April 24, Whales Market announced that its Pre-Market is listed on io.net (IO).

Binance BounceBit (BB) Megadrop is now open, and BB will be listed for trading on May 13

On April 25, Binance users can participate in the BounceBit Megadrop from 08:00:00 (ET) on April 26, 2024. The BounceBit (BB) Megadrop App page is expected to be live within approximately five hours of this announcement. Binance will list BounceBit (BB) at 18:00 (ET) on May 13, 2024, and the seed tag trading rules will apply.

Binance launches Renzo (EZ) on new coin mining, and the first season airdrop will be available at 19:00 on April 30

Binance launches Renzo (EZ) on new coin mining on April 23. Users can put BNB and FDUSD into the EZ mining pool on the Launchpool website after 08:00 (Eastern Time) on April 24 to receive EZ rewards. EZ can be mined for a total of 6 days. Related reading: Analysis of Binance's latest project Renzo: Token economic model and valuation expectations

On April 27, Renzo said that the first season of ezPoints airdrop will be launched at 19:00 Beijing time on April 30, which is 1 hour before the launch of Binance. Officials said that the second season of ezPoints airdrop will also start soon. This event will run for a total of 3 months, allocating 5% of the total supply of tokens to all participants, and participants in the first season will receive a 10% increase in points.

Renzo's token economics has caused controversy, and only 5% is allocated to deposit users, causing dissatisfaction in the community

On April 24, Renzo announced the token economy of its native token REZ. The total amount of REZ is 10 billion, and the initial circulation is 1.05 billion. The community will allocate 30% of the tokens, investors will allocate 31.56%, core contributors will allocate 20%, the foundation will allocate 13.44%, and Binance Launchpool and liquidity mining will each account for 2.5%. From the perspective of token economics, only 5% is allocated to deposit users. In addition, the liquidity pool of ezETH tokens on Uniswap is low in depth and liquidity is insufficient. The price of Renzo's ETH deposit certificate token ezETH has been significantly decoupled, and there was a spike at one point, with a drop of up to 50%, about $1,600, which caused serious dissatisfaction in the community. Related reading: Only allocated 5% to deposit users? Renzo airdrop sparks community dissatisfaction, ezETH briefly experiences serious depegging, 《Re-staking first faces depegging risk, Renzo token economy sparks controversy》

On April 25, Renzo decided to update the token distribution ratio after listening to the community's opinions. Among them, the airdrop allocation ratio is increased to 12% of the total tokens, the total supply in the first quarter is increased from 5% to 7% (the extra 2% is borne by liquidity and the foundation), and the allocation in the second quarter is still the total SHIB team completed US$12 million in financing, with participation from Polygon Ventures and others

SHIB team completed US$12 million in financing, with participation from Polygon Ventures and others

On April 22, the Shiba Inu (SHIB) team completed US$12 million in financing by selling its unissued token TREAT to non-US venture capital investors. This round of financing was participated by Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.

Sources said this was a round of financing in tranches, with each tranche valued at $75 million, $100 million, and $200 million. According to Shiba Inu, the TREAT token is a "utility and governance token" for its new privacy-focused Layer 3 blockchain, which is built on the Ethereum Layer 2 blockchain Shibarium. Lead developer Kusama said TREAT will be the last non-stable token in the Shiba Inu ecosystem, which will launch a new token called Shi later this year.

Huaxia Fund (Hong Kong), Harvest International, Bosera International Bitcoin Spot ETF and Ethereum Spot ETF are officially approved

On April 24, the first batch of Hong Kong Bitcoin Spot ETF and Ethereum Spot ETF products applied by three fund subsidiaries of Huaxia Fund (Hong Kong), Harvest International and Bosera International have been approved by the Hong Kong Securities Regulatory Commission. They are scheduled to be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30. This is the first time such products have been launched in the Asian market. These two types of products are designed to provide investment returns anchored to the spot prices of Bitcoin and Ethereum (before deducting fees and expenses). Related reading: 《Spot ETFs are about to be listed in Hong Kong. What other Hong Kong concepts are worth paying attention to? 》

LayerZero: TGE is approaching, and applications should register contract information on LayerZero Scan

On April 24, LayerZero Labs stated, "The first half of 2024 is coming to an end, which means that the TGE schedule is getting closer. All applications should ensure that contract information is registered on LayerZero Scan. Expect to see continued updates in the coming months."

This week, mainstream meme coins saw a general rise, with BONK, MEW, PEPE and other coins seeing significant increases

On April 24, according to market data, mainstream meme coins in the Ethereum, Solana and Base ecosystems saw a general rise, among which: BONK rose 33.2% in 24 hours, MEW rose 23.5% in 24 hours, NORMIE rose 22.5% in 24 hours, TRUMP rose 20.1% in 24 hours, and PEPE rose 16.3% in 24 hours. WIF, POPCAT and other Solana ecosystem head meme funds are highly active, and the overall trend is very resistant to declines. Solana's recently popular meme coin MANEKI, early big investors bought 500,000 US dollars, and has not been shipped. The user participation is very high and the market attention is high. The meme coin is based on the image of "Lucky Cat", and there is no pre-sale of tokens and no team share. The price of Base ecosystem meme coin BOOMER rose about 20 times from April 22 to April 26, and the founder of Base also bought the coin.

Arthur Hayes: The acceleration of money printing is imminent, and investors should boldly increase their positions in crypto assets

On April 24, BitMEX co-founder Arthur Hayes wrote that the current crypto bull market has just begun, and investors should boldly turn left (Left Curve), hold and increase their positions. Hayes pointed out that presidential elections will be held in many major countries in 2024. Especially in the United States, the current ruling Democratic Party will do whatever it takes to be re-elected in order to reverse the policies of the Republican Party. In an election year, if the public feels that the economy is in recession, the probability of the incumbent president's re-election will drop from 67% to 33%. Therefore, the easiest way for the ruling party, which controls monetary and fiscal policy, is to significantly increase government spending, push up nominal GDP growth, and create an illusion that there is no recession.

Hayes emphasized that as long as the government can borrow at an interest rate lower than the nominal GDP growth rate, politicians will continue to increase spending. Therefore, in the future, the scale of money printing will only be more exaggerated. He suggested that investors take full advantage of the recent pullback in cryptocurrency prices and slowly build positions. With the arrival of summer in the northern hemisphere, the volatility of the crypto market will also decrease, which is an excellent entry time for non-pre-sale round investors. Unless the actual interest rate turns positive, investors should remain optimistic and let the winners continue to run wild.

The U.S. SEC notified ConsenSys, accusing MetaMask of being an unlicensed broker. Consensys denied this and said that MetaMask's services were not illegal

On April 26, the U.S. SEC sent a notice to Ethereum infrastructure development company ConsenSys, accusing MetaMask of operating as an unlicensed broker. Subsequently, Ethereum infrastructure development company Consensys sued the U.S. SEC, accusing it of "illegal power occupation" of Ethereum.

The company hopes that the federal court will declare that Ethereum is not a security, and any investigation of ConsenSys based on the idea that Ethereum is a security "will violate" the company's Fifth Amendment rights and the Administrative Procedure Act. MetaMask is not a broker under federal law, and MetaMask's pledge service does not violate securities laws, and prohibit the SEC from investigating or taking enforcement actions related to MetaMask's exchange or pledge functions.

Solana second-generation mobile phone users may have "recovered their investment"

On April 26, users of the second mobile phone "Chapter 2" launched by Solana Mobile received airdrops of MEME coins Maneki (MANEKI) and Cat in a Dogs World (MEW) from the team. This may offset the entire cost of the phone of $450. In addition, Solana second-generation mobile phone users also received other MEME tokens totaling about $50.

Forbes published an article listing the top 20 "zombie tokens" with a market value of over $1 billion

On April 27, Forbes published an article listing the top 20 "zombie tokens" in the current crypto field with a market value of over $1 billion, including: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS.

Forbes defines "zombie tokens" as assets that have little use other than speculative cryptocurrency trading. For example, according to Messari data, XRP has a market value of $36 billion, while Ripple's XRP only cost $583,000 to process transactions on its network throughout last year. In Wall Street parlance, this means XRP has a "price to sales" (P/E) ratio of 61,689. By comparison, Nvidia, with a market cap of over $2 trillion and full-year revenue of $61 billion, has a P/E ratio of just 37. Ethereum Classic (ETC), for example, has a market cap of $4.6 billion but will generate less than $41,000 in fees in 2023.

Franklin Ethereum Spot ETF Code EZET Has Been Listed on DTCC Website

On April 27, the spot Ethereum ETF "FRANKLIN ETHEREUM TR ETHEREUM ETF" (code EZET) launched by asset management company Franklin Templeton has been listed on the DTCC (U.S. Securities Depository and Clearing Corporation) website, and the Create/Redeem column shows Y.

Ethereum ecosystem tokens generally rose, OP rose more than 15% in 24 hours

On April 28, according to market data, Ethereum ecosystem tokens generally rose, among which: ETH 24-hour increase of 5.54%; ENS 24-hour increase of 18.19%; ETHFI 24-hour increase of 18.78%; SSV 24-hour increase of 16.79%; OP 24-hour increase of 15.73%; STRK 24-hour increase of 14.30%; ARB 24-hour increase of 9.27%.

Hot articles this week

《Full text of He Yi's letter to the US judge: What is a more real Zhao Changpeng like?》

The case of Binance founder CZ is about to usher in the final verdict at the end of April. On Tuesday, CZ submitted a letter to the judge in charge of the case to apologize for his behavior. In addition to CZ's letter, there are other letters of appeal from important figures such as family, friends, politicians, and employees, a total of 161 letters. Among them is the handwriting of He Yi, who knows CZ best. In the letter, she recalled the 10 years of ups and downs she and CZ had experienced together in the industry, especially the 6 years of building Binance together. Some of these little-known things are the epitome of CZ and Binance's behavior, whether it is theft, FTX, or going to the United States alone. CZ doesn't want to be a hero, but he has to protect what he wants to protect.

《Tampering with the rules of the event, delaying refunds, what happened to ZKasino? 》

Last weekend, ZK Eco's decentralized betting platform ZKasino was caught in a "runaway" storm: tampering with the website's event introduction, refusing to refund users' ETH staked for participating in the event, closing Telegram's speaking rights, canceling the Dubai offline meetup, and arbitrarily transferring user funds to Lido for staking... Many users questioned whether ZKasino has "soft rug"? This article takes you through the whole process of the ZKasino incident, and at the end, the opinions and suggestions of three crypto VCs and KOLs are attached for readers’ reference.

《Event Express丨 Bitcoin Asia 2024 Hong Kong Bitcoin Conference Opens on May 7》

The Bitcoin Asia 2024 Hong Kong Bitcoin Conference hosted by Bitcoin Magazine is about to open. Among them, the Bitcoin Developer Conference (Bitcoin Devcon) was held at the Hong Kong Science Park from May 7 to 8, and the Bitcoin Conference was held at the Kai Tak Cruise Terminal in Hong Kong from May 9 to 10. Bitcoin Asia is a social event and exchange area designed to promote cooperation between enterprises and industry participants. Participants can experience and understand the Bitcoin ecosystem and culture in all aspects. This article is a summary of the guest lineup and surrounding activities of this conference.

《Rereading Satoshi Nakamoto's Emails: Anonymity is carried through to the end, and college students become early "spokespersons"》

In 2009, Martti Malmi, a sophomore, sent a hasty job application email to Satoshi Nakamoto. Since then, he has become Satoshi Nakamoto's first collaborator and the person Satoshi Nakamoto trusts the most, and his life has been changed by Bitcoin. There has always been a legend in the currency circle that college students "All in" and get rich overnight, and Martti must be the ancestor of this legend. Last month, he made public the email history with Satoshi Nakamoto, giving us the opportunity to review this magnificent history from more perspectives. In these emails, we see a closer side of Satoshi Nakamoto, as if "God" is not out of reach, as if he is right next to us, as if everyone is Satoshi Nakamoto.

《Runes, which is not ideal for launch, what are the controversies and hype logic》

With the launch of the Runes mainnet after the Bitcoin halving, project parties rushed to grab the first few runes, causing the Gas price to soar. Under the high casting cost, most people chose to wait and see, while the prices of the rune concept NFTs that had previously rushed forward, such as Runestone and RSIC, have been falling all the way. "I don't know what to buy, I don't know what to play", has become the voice of these well-prepared community members, and the market seems a little confused. "We are in a relatively chaotic and confused period, and no broad consensus has been formed yet." This is the feeling of BTC ecosystem observer and player 0xSea, which truly reflects the current status of the Runes ecosystem. This article reviews and reviews the current controversy and hype logic of the Runes ecosystem.

《Solana's future fee market will solve congestion?》

With the rapid expansion of the DeFi field, the Solana blockchain has become a new hot spot for decentralized applications with its high-performance architecture and innovative technology. However, with the surge in economic activity, Solana's fee market and maximum extractable value (MEV) issues have become the focus of community attention. This article delves into Solana's fee market design, the challenges it faces, and the potential impact of MEV on its ecosystem, while comparing Ethereum's related experience and strategies.

《Now Binance cannot do without He Yi》

Last June, Bloomberg published an exclusive interview with Binance co-founder He Yi. This was the first time that a mainstream Western financial media reported on the woman behind the billion-dollar unicorn in a complete article. But in the article, Bloomberg did not seem to recognize the "superpowers" that this "Binance woman" possessed and demonstrated in the currency circle. This article systematically introduces He Yi's life experience and the story behind the founding of Binance. From a university class teacher to a host, to Binance's "chief customer service" and "the number one lady in the currency circle", He Yi has won the respect and recognition of users with her strength.

《Using Starknet as a reference, have you met the zkSync airdrop standard?》

So far, there are more than 6 million active addresses on zkSync (even if only the addresses that actively interact on zkSync Era are considered). ZK-based L2 star projects like Starknet have implemented token airdrop plans and rewarded about 500,000 independent users. How will zkSync deal with the airdrop problem? In addition to requiring a balance of at least 0.005 ETH, the Starknet Foundation's token distribution rules also include the following conditions: active records in at least 3 different months; at least 6 interactions; a total transaction amount of not less than US$100; This article uses these three rules to simulate two airdrop scenarios based on different parameters for active addresses in zkSync Era.

《How to speculate on "Rune Coin"? An article lists six popular Rune Protocol tokens》

Runes, which were launched in conjunction with the fourth halving of Bitcoin, made miners earn a lot of money due to the popularity of Runes and the surge in Gas before they had time to feel sad about the halving of mining rewards. The online jokes of "recharge 1000u, profit 10u" have been coming one after another, constantly stimulating retail investors to find new prey. In addition to runes 0-9, what other investment opportunities are there? BlockBeats has selected 6 Runes tokens that are currently worth paying attention to and introduced them in this article.

《Re-staking first appears to be unpegged risk, Renzo token economy causes controversy》

This week, Binance's latest new coin mining project Renzo caused controversy and doubts among community members because of its token economics that only allocated 5% to deposit users. Earlier yesterday, due to insufficient liquidity and large-scale selling, Renzo LRT token ezETH fell sharply to $688 in the short term. On April 25, Renzo issued a statement saying that it had decided to update the token allocation ratio. Among them, the airdrop allocation ratio was increased to 12% of the total tokens, and the total supply in the first quarter increased from 5% to 7% (the additional 2% was borne by liquidity and the foundation), and the allocation in the second quarter remained at 5% of the total supply.

《Paradigm strikes again, will the new concept gigagas lead a new narrative?》

Recently, Paradigm, the master of word creation, has struck again. Its CTO published an article titled "Reth's path to 1 gigagas per second, and Beyond". The key word in the article is naturally "gigagas". Gigagas is related to the performance of blockchain. Paradigm wants to make GPS 1 gigagas, which means that the blockchain can consume 1 billion units of gas per second. VC took the lead in rolling up infrastructure, hoping to achieve much faster execution efficiency than the existing Ethereum and other EVM public chains, paving the way for the chain itself to carry large-scale applications. The importance of gigagas may not be as good as gigauser (one billion users). Perhaps performance is a prerequisite for achieving user scale, but performance does not necessarily bring users. There is still a long way to go to improve the experience of encryption products and attract users.

《Top 10 on-chain crypto asset holdings, Vitalik ranks third》

Recently, blockchain intelligence platform Arkham counted the top 10 personal on-chain crypto asset holdings. The dashboard counts detailed information including token holdings and balance history, as well as the distribution of asset portfolios on each chain and historical daily balances. Data shows that the top five individual holders on the list currently own a total of $3.631 billion in digital assets. However, more than 35% of them (or $1.283 billion) are marked as "inaccessible". This article takes stock of who the top 10 are and the corresponding holdings.

《Arthur Hayes: Money printing will accelerate, and the next is the golden time to increase positions》

BitMEX co-founder Arthur Hayes pointed out in his latest article: As we enter the summer in the northern hemisphere, decision makers will get a breather from reality, and the volatility of cryptocurrencies will decline. This is the best time to take advantage of the recent cryptocurrency decline to slowly increase positions. No matter how excited you are about the taste of cryptocurrency risk, the next few months will provide a golden opportunity to increase positions.

《Spot ETF is about to be listed in Hong Kong, what other Hong Kong concepts are worth paying attention to? 》

Huaxia Fund (Hong Kong) announced this week that Huaxia Bitcoin ETF and Huaxia Ethereum ETF have been approved by the Securities and Futures Commission (SFC) of Hong Kong, and are scheduled to be issued on April 29, 2024 and listed on the Hong Kong trading platform on April 30, 2024. This is the first time such products have been launched in the Asian market. This major move has pushed the "Hong Kong concept" to attract attention again. From the occurrence of large-scale industry gatherings of tens of thousands of people to the dynamics of the top crypto companies announcing their layout in Hong Kong, the importance of "Hong Kong" to the industry and its long-term impact on the development of global Web3 regulation are self-evident. Can Hong Kong concept tokens continue to rise? In this article, BlockBeats briefly introduces the logically clear targets in the Hong Kong concept sector.

《ConsenSys and SEC's offensive and defensive battle may be related to the future of DeFi》

On April 10, the U.S. SEC issued a "Wells Notice" to ConsenSys, an Ethereum infrastructure development company, which means that the SEC provides the company with a last chance to refute any allegations. The SEC stated that by providing the MetaMask wallet software, ConsenSys is acting as an unregistered securities broker. In response, ConsenSys denied it. On April 26, ConsenSys took the initiative and formally filed a lawsuit with the SEC, accusing it of "illegal power occupation" of Ethereum. The core point of contention in this regulatory storm is that MetaMask, as a wallet application, is defined as a securities broker by the SEC. The SEC's move against MetaMask shows that the United States is gradually increasing its regulatory pressure on the entire crypto industry, especially DeFi. If MetaMask is labeled as "illegal", perhaps the entire DeFi industry will receive a more severe blow.

《After USDT integrates the TON ecosystem, what potential wealth opportunities will it bring to Web3 users? 》

In the middle and late part of this month, Tether announced a partnership with TON to integrate USDT into the TON ecosystem, and in just three days, the total supply of USDT on the TON chain exceeded 60 million. With the integration of USDT in the TON ecosystem, the user volume of the ecosystem will grow rapidly in the future, and the advantages of Telegram+TON+USDT will be magnified, and even the large-scale adoption expected by Web3 is no longer "paper talk". This article discusses the development prospects and potential wealth effect of Telegram+TON+USDT.

《Airdrop rules raise questions, how are Avail tokens distributed?》

Avail announced on April 19 that it will airdrop Unification Drop tokens. 354,605 eligible addresses will be eligible to claim a total of 600 million tokens, and the claim period will end on May 4. However, the subsequent airdrop claim website disappointed many people - many testnet participants and L2 heavy active users who were sure they would gain something before, got the result of "Not Eligible" in the qualification query. For a time, there were constant scolding on the Internet, complaining about the rules and standards, and even questioning fairness. Many users directly called the project party "rat warehouse". What standards did Avail set? To whom did it distribute the tokens? Are the users' doubts reasonable? After reading this article, I believe you can come up with your own answers.

《AIxCrytpo Weekly Report: $OLM rose more than 50 times after IMO; io.net announced the token economic model and will remove a large number of GPU virtual accounts》

According to reports, Nvidia plunged 10% last Friday, the largest single-day drop since the early days of the COVID-19 outbreak in 2020, and its intraday market value hit a two-month low. Entering the fourth week of April, the AI sector continued to weaken. Bittensor (TAO) did not soar after listing on Binance. After climbing to $700 for a short time, it began to fall continuously, with a drop of 18.0% in the past week. WLD is still in a position of halving from its high point, and RNDR fell more than 15% last week. Perhaps after the Bitcoin ecosystem heats up, the AI sector can become active again. After all, the combination of AI x Crypto has just begun. This article summarizes the developments worth paying attention to in the AIxCrypto field last week.

《"Recursive Runes" are coming? 》

On Tuesday, @Elocremarc, co-founder of the Bitcoin NFT project Blob and the sixth-ranked contributor to the Ordinals protocol, tweeted: "It's time, recursive runes!". In the following two days, Blob's floor price rose in response, breaking through 0.05 BTC. The role of "recursion" is to allow inscriptions to reference data on the Bitcoin chain, including data from other inscriptions. @Elocremarc proposed the idea that we add a "recursive endpoint", namely "/r/output". As long as the recursive endpoint "/r/output" is added, developers will be able to learn the number of corresponding runes and whether there are other inscriptions from the transaction output, which will enable the inscription to change according to the number of runes. At present, @Elocremarc has submitted a PR on the official Github of Ordinals. If it passes smoothly, we will have "recursive runes" to play. In the past week, "runes" have not shown a good money-making effect despite their extremely high attention, and perhaps more gameplay is needed to stimulate them. If "recursive runes" can be quickly implemented, it will undoubtedly give "runes" a shot in the arm.

《List of 5 new projects worth paying attention to recently》

With the completion of Bitcoin's fourth halving, the overall market has clearly recovered, and the community's attention has returned to the discovery of new projects. BlockBeats has selected 5 new projects worth paying attention to in various ecosystems and chains to introduce to you.

《Bitcoin BIP will add five editors, what impact will it have on future development? 》

Bitcoin's open source development is often praised as one of its strengths, showing the resilience and elusive nature of the network. But it often faces challenges in the complexity of developing, updating and patching blockchains in real time. One of the main problems in the past few years has been the bottleneck in editing BIPs (Bitcoin Improvement Proposals), which is a standard for proposing non-binding software updates that will change the Bitcoin protocol in some way. But recently, the Bitcoin development community decided to nominate five new BIP editors. This is the first time in Bitcoin's history that more than one person has held the position, a role that has been held solely by controversial Bitcoin OG Luke Dashjr for the past decade. Previously, Luke had sole decision-making power. More editors could mean more BIPs being approved and merged, after all, the ultimate goal of proposals is efficiency. But Bitcoin may always be more interested in debate than speed, as it is full of strong personalities with strong opinions.

《MEME destroys encryption? a16z has a debate with the community》

When Meme frequently appears in the top 50 tokens in the encryption market value, and when Solana runs out of the golden dog myth every now and then, from missing to "being conquered by the rise", everyone's recognition of Meme coins has gradually formed. This week, A16Z's CTO Eddy Lazzarin made it clear in a discussion post on the value of Meme coins on Twitter: "Memecoin destroys the long-term vision of keeping many people in the encryption field, and it is not technically attractive; it is not attractive to builders." Obviously, he regards Meme coins as casinos, which have no actual value, but have affected the image of the industry. Eddy's remarks obviously attracted counterattacks and refutations from the community. A very insightful comment is: instead of criticizing Meme Coin, it is better to criticize those destructive pseudo-innovations. The subtext here is that the so-called technological innovations in the industry are all serving hype; they are all creating concepts, while Meme Coin is more pure. In the crypto information that is full of criticism or praise, FUD or shouting orders every day, all the noisy arguments are not important. What is important is how you make your position benefit.

《Popular Science | Understanding UTXO Concepts and Operations in One Article》

Recently, runes have once again ignited the heat of the Bitcoin network ecosystem, but many new wallets often have sufficient balances but insufficient UTXO when performing on-chain operations. This article explains what UTXO is, why UTXO is insufficient, why and how to split UTXO.

《Popular Science | Why are Bitcoin rune names so strange?》

The Bitcoin halving has passed, and at the same time, the RunesToken protocol has been officially launched. According to data, the Runes protocol has created more than eight thousand "etchings" (the preferred term for the deployment of RunesToken) on the Bitcoin blockchain since April 20. Among these new digital assets, a trend quickly emerged, that is, long and unusual names. Tokens with labels such as "SYMPATHETIC•PARAMUTUALISM" and "WANKO•MANKO•RUNES" can be seen on trading platforms. The names of Runes are usually displayed in all capital letters, which may look a little strange, but the creators say there is a reason for this.

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