Review of this week丨"Zoo Market" reappears the thousand-fold wealth effect; CZ is released from prison and says he will continue to invest

BlockBeats will sort out the key industry news content of the week (9.23-9.29) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.

Important News Review

CZ has been released from prison and said that he will continue to invest and still owns about 90% of Binance shares, but will no longer participate in any decision-making

Binance founder CZ was released early on Friday after serving his sentence, but did not accept media interviews. This is two days earlier than his official release date, because if the release date coincides with the weekend, the prisoner will leave the detention center early. A Binance spokesperson said that he was happy that CZ would go home to reunite with his family.

Since April, CZ has been in federal detention after agreeing to return to the United States from Dubai. During this period, CZ spent about two months in a minimum security prison in the California desert, and was then transferred to a halfway house in Long Beach, where he was allowed to go out for supervised activities and go to the cinema, according to prison officials.

On September 28, CZ posted his first tweet after being released from prison on social media, "GM". On September 29, Binance co-founder CZ posted his first post after being released, the details of which are as follows:

"GM, the food tastes so good... It's a luxury to be able to eat more than one piece of fruit a day. I know some people may have a lot of questions for me, but I won't answer them all, let me calm down and then figure out the next step, there are always more opportunities in the future than in the past. I want to thank everyone for their support. It means a lot to me and keeps me strong in the darkest moments. Here are some current thoughts:

Giggle Academy is progressing well and will be an important part of my life in the next few years. I will continue to invest in blockchain/decentralized technology, artificial intelligence, and biotechnology. I am a long-term investor and care about impact, not returns. I will also devote more time and money to charity (and education). I already have some rough ideas for this. I'm still writing my book, about 2/3 of the way done. Writing a book is much more work than I expected, but I will finish this one. Binance It seems to be doing well without me, which is great and every founder's dream. "

Richard Teng, current CEO of Binance, said at the Korea Blockchain Week held in Seoul, South Korea earlier this month: "Compared to when CZ was the CEO, Binance's company structure is completely different now. It is a board-led structure. Of course, CZ retains his shareholder rights as a shareholder, but in my daily work, I will work closely with the board to formulate our global strategy." Vishal Sacheendran, current regional head of Binance, said in an interview earlier: "CZ will not participate in any decision-making of Binance. Despite this, CZ is still the largest shareholder of Binance, owning about 90% of the shares."

This week, the "Zoo Market" reappeared, and multiple animal-themed Meme tokens rose.

This week, the "Zoo Market" reappeared, and multiple animal-themed Meme tokens on the chain rose. Among them: the Internet celebrity hippopotamus token MOO DENG (MOODENG) took the lead, with a market value of over 300 million US dollars; TikTok Internet celebrity frog OMOCHI (No1 tiktok frog) had a market value of up to 20 million US dollars; EDOGE (Ethereum Doge) also had a market value of over 10 million US dollars. Related reading: 《100 times increase in ten days, hippopotamus MooDeng starts the "Internet celebrity animal meme trend"》, 《Solana becomes "Crazy Zootopia", Ethereum Robot emerges as a dark horse｜What meme is hot today?》, 《Internet celebrity frog increases 100 times in one day, TikTok and zoo become "local dog assembly line"｜What meme is hot today?》, 《SHIBA prototype dog meme increases 50 times in one day, Ethereum staged a "hundred dogs barking" trend｜What meme is hot today? 》

Ethena will work with BlackRock to launch a new UStb stablecoin

On September 26, TheBlock reported that Ethena will work with Securitize and BlackRock to launch a new UStb stablecoin, supported by BlackRock's tokenized US Treasury bond fund BUIDL. UStb will be an independent product, providing different risk characteristics from USDe. In adverse market conditions, UStb can help USDe cope with risks. Ethena plans to use UStb as margin collateral for its partnered CEXs, and the specific release time and trading platform integration details will be announced in the coming weeks.

Vitalik published the latest article: "Making Ethereum's Alignment Clearly Visible"

On September 28, Ethereum co-founder Vitalik published an article titled "Making Ethereum's Alignment Clearly Visible", which talks about how to balance the Ethereum client team, researchers, Layer 2 teams, application developers, and local community groups to ensure that all these projects collectively build a unified Ethereum ecosystem. The concept of "Ethereum alignment" was proposed. This can include value alignment (for example, open source, minimal centralization, and support for public products), technical alignment (for example, adopting ecosystem-wide standards), and economic alignment (for example, using ETH as a token whenever possible). Related reading: "Vitalik's New Article: It's Time to "Align" the Entire Ethereum Ecosystem"

On September 29, ABCDE Capital co-founder BMAN posted a comment on Vitalik's new article on social media, saying: The real consistency is to make more people rich, and the Ethereum Foundation needs to be more commercial. Solana is making people rich, and it has super alignment capabilities.

HMSTR airdrop caused controversy, and the listing on Binance performed poorly

On Tuesday, Hamster Kombat (HMSTR) was officially launched on Binance and other major exchanges, and completed user airdrops. However, the market did not give positive feedback as expected. According to feedback from many community members, "After working hard for more than four months, I only got tokens worth dozens of U, and the effort was not proportional to the benefits." After HMSTR was listed on Binance, it broke through $0.014 for a short time and continued to fall. As of press time, it was temporarily reported at $0.006. Related reading: "Token distribution causes trouble, the hamster game "Hamster Kombat" that once had a fire fascia gun still offended players"

The U.S. SEC accused Mango DAO and Blockworks Foundation of illegally selling MNGO tokens. Both parties will pay a fine of US$700,000 and stop MNGO-related activities

On September 28, according to official news, the U.S. Securities and Exchange Commission (SEC) today filed settlement charges against Mango DAO and Blockworks Foundation, accusing them of participating in the unregistered "MNGO" token crypto asset offering and sale. The SEC also filed settlement charges against Blockworks Foundation and Mango Labs LLC, accusing them of participating in unregistered brokerage activities involving the offering and sale of various crypto assets in the form of securities on the Mango Markets platform.

According to the SEC’s complaint, starting in August 2021, Mango DAO, a purported decentralized autonomous organization (DAO), and the Panamanian entity Blockworks Foundation raised more than $70 million from hundreds of investors around the world, including in the United States, through unregistered offers and sales of MNGO tokens (the governance tokens of the so-called Mango Markets platform). The two entities ultimately agreed to a settlement with the SEC, accept its injunctions and orders, jointly pay nearly $700,000 in civil penalties, and destroy their MNGO tokens, remove MNGO tokens from trading platforms, and no longer solicit any trading platform to allow trading, offering or selling MNGO.

FTX expects to distribute $16 billion to creditors in Q4, and the hearing on October 7 may determine whether the plan can be realized as scheduled

On September 29, Forbes reported that FTX will return $11-16 billion to creditors in the fourth quarter of 2024, which may provide a significant boost to the cryptocurrency market, especially Bitcoin, SOL and Solana network cryptocurrencies. Although the specific date is still unclear, FTX proposed that the distribution will be carried out within 60 days after the restructuring plan takes effect.

Currently, the next hearing on the restructuring plan is scheduled for October 7. If approved, FTX will have 60 days to distribute assets to creditors, which means that the returned cash will reach the hands of previous cryptocurrency buyers sometime before December 7. A large part of this cash may remain in the cryptocurrency ecosystem, and creditors will reinvest the funds in their favorite tokens or ETFs. Still, there are some risks that could undermine this positive event. First, the court's delay could further extend the date of fund return. And some FTX creditors are currently dissatisfied with the settlement plan (which only returns cash).

Musk announced that a "historical" robot product will be released on October 10

On September 26, Musk announced on the X platform that a new robot product will be released on October 10, saying "this will go down in history." The preview poster reads "WE ROBOT", indicating that the highly anticipated Robotaxi is expected to be released. On the same day, affected by Musk's announcement, the concept meme coin ROBOT on the Ethereum chain rose nearly 6 times in a short period of time, and another concept meme coin WE, ROBOT (WR) also rose 20 times in a short period of time.

Musk's secondary account liked the TERMINUS community member's tweet saying "cool"

On September 26, Musk shared the game-specific Twitter account @cyb3rgam3r420 and responded to @TERMINUS_CTO community member @wobuliangren's tweet "TERMINUS, the first city on Mars" at 3:44 pm Beijing time on Twitter, and simply replied "cool". TERMINUS is a popular "space" series of tokens recently, and its concept comes from Asimov's "Foundation" series of novels. TERMINUS is the name Musk gave to the first city on Mars in the future. According to Musk's latest tweet in September, he plans to start a rocket landing mission within two years, with the goal of building a self-sufficient city on Mars in about 20 years. Related reading: "Mars" concept meme coin is coming, TERMINUS is temporarily the leader"

Analysis: Bitcoin prices have been positively correlated with the size of the balance sheet of the People's Bank of China over the past eight years

On September 27, CoinDesk reported that analysts said that the price of Bitcoin has been positively correlated with the size of the balance sheet of the People's Bank of China over the past eight years. The 30-day correlation coefficient between Bitcoin prices and the size of the balance sheet of the People's Bank of China is 0.66. Except for 2016 and from the end of 2022 to 2023, it has always been positive. On the other hand, Bitcoin's correlation with the Federal Reserve's balance sheet within 30 days is -0.88, which is the lowest level on record since 2016.

The People's Bank of China is considering launching an economic stimulus plan of up to 1 trillion yuan (about 142 billion US dollars) to boost the economy, which has driven Asian stocks to rise sharply, especially the CSI 300 Index. Analysts believe that the stimulus package may indirectly benefit Bitcoin as it may increase investment in blockchain and cryptocurrency-related projects. This economic easing policy may drive more capital into the digital asset sector.

Binance launches pre-market trading service

On September 25, Binance launched a pre-market service, allowing users to enter the market before the token is officially launched. A Binance spokesperson said that although other cryptocurrency trading platforms also offer pre-market trading services, they are usually derivatives trading, and Binance is "the first trading platform to provide users with actual token trading during pre-market trading."

Eigen Foundation: EIGEN transfer restrictions will be unlocked at 12:00 on October 1

On September 28, Eigen Foundation posted on social media that it will unlock EIGEN transfer restrictions at 12:00 Beijing time on October 1 (21:00 PST on September 30). It is reported that if the user's EIGEN is currently staked, there will be a 7-day withdrawal period for canceling the staked EIGEN.

Sui Network TVL exceeds 1.19 billion US dollars, setting a record high

On September 26, according to DefiLlama data, Sui Network TVL reached 1.192 billion US dollars, a record high. Among them: The TVL of the lending agreement NAVI Protocol reached 454 million US dollars, with a weekly increase of 14.16%; the TVL of the lending agreement Scallop Lend reached 245 million US dollars, with a weekly increase of 16.01%; the TVL of the lending platform Suilend reached 208 million US dollars, with a weekly increase of 26.8%. Related reading: 《Sui Ecosystem Rise, Inventory of the Current Popular "Water Meme"》

Harris made her first statement: If elected president, she will encourage the development of the cryptocurrency industry

On September 23, according to Bloomberg, Kamala Harris, the next presidential candidate and current Vice President of the United States, said at a fundraiser at Cipriani Wall Street in Manhattan: "I will bring together the workforce, small business founders and innovators, and large companies. We will work together to invest in America's competitiveness and invest in America's future. We will encourage innovative technologies such as artificial intelligence and digital assets while protecting our consumers and investors." It is reported that this is the first time Harris has personally commented on cryptocurrency as a Democratic presidential candidate.

The $80 million crypto fund is gradually withdrawing, and its founder has lost contact after going to China

On September 23, according to Fortune, David Gan, a former Huobi employee who was selected for the Asian Forbes Under 30 list in 2019, founded his own venture capital fund, originally named OP Crypto. In its prime in 2021, the fund attracted heavyweights such as Bill Ackman, Garry Tan and Alan Howard as limited partners in its $50 million fund. OP Crypto, which changed its name to Inception Capital this year, closed a $30 million fund raise in early 2024 and expanded its assets under management to nearly $100 million, according to the company's latest SEC filing.

But in May 2024, Gan sent a mysterious email to limited partners (LPs). His father, a retired senior Chinese official from Wuhan, Hubei, China, was under investigation. Gan was going to China to help. It was the last time investors heard from him in more than a month. During Gan's absence, some confused limited partners said they voted to phase out the fund in a controlled manner in Gan's absence. During the vote, Gan returned, handing over authority over the fund's multi-signature wallet but retaining his position. Today, Inception is at a crossroads. The company continues to manage its holdings but has agreed not to use the remaining 25% of uninvested funds.

Telegram founder: IP addresses and phone numbers of users who violate the rules may be disclosed to relevant agencies under legal requests

On September 23, Telegram founder Pavel Durov posted on his personal channel that "On Telegram, the search function is more powerful than other messaging applications because it allows users to find public channels and robots. Unfortunately, this feature has been abused by some people who violate our terms of service to sell illegal goods. To further prevent criminals from abusing the Telegram search function, we have updated our terms of service and privacy policy to ensure that they are consistent globally. We have made it clear that the IP addresses and phone numbers of users who violate the rules may be disclosed to relevant agencies under legal requests. These measures will help stop criminals. Telegram search is designed to help users find friends and discover news, not promote illegal goods. We will not let criminals endanger the integrity of our platform with nearly one billion users."

PayPal is allowing US merchants to buy, hold and sell cryptocurrencies from business accounts

On September 26, according to market news, PayPal is allowing US merchants to buy, hold and sell cryptocurrencies directly from their Paypal business accounts. When this feature was launched, New York State could not use this business account feature. PayPal also provides business accounts with the ability to transfer cryptocurrencies to the outside.

Harris was shot at her campaign office in Arizona

On September 25, according to the New York Post, US police are investigating the shooting that occurred at the Arizona campaign office of US Vice President Kamala Harris this week. According to the Tempe Police Department, the shooting damage to the Democratic National Committee campaign office near Tempe South Avenue was discovered after midnight on Monday. "There was no one in the office at night, but this raised concerns about the safety of people working in the building and those nearby," said Sergeant Ryan Cook, a public information officer. Police said detectives were analyzing the evidence collected at the scene and taking additional measures to strengthen the safety of staff and those around them.

Shenyu: DeFi carry trading will usher in large-scale growth, and the pattern of government bonds as the main source of income will be broken

On September 26, Shenyu (@bitfish1) posted on social media that with further interest rate cuts, Defi carry trading is expected to be launched on a large scale, and the pattern of government bonds as the main source of income for Defi may be broken and a reversal is imminent.

Dogecoin founder: No other cryptocurrencies have been created except Dogecoin, and no cryptocurrency has been involved in the development of any cryptocurrency since 2014

On September 25, Dogecoin founder Shibetoshi Nakamoto said on the social platform, "I want to reiterate that I have not created any other cryptocurrency except Dogecoin (and Bells) created in 2013, nor have I participated in the development of any cryptocurrency since 2014, and I will not create or participate in any cryptocurrency in the future. Any claim that I am associated with it is a lie."

Neiro announced a partnership with DWF Labs

On September 24, according to the official announcement, the Meme token project Neiro announced a partnership with DWF Labs. Neiro said it will work with DWF Labs to make Neiro one of the most successful Meme coin projects in the cryptocurrency field.

Shandong police in China cracked a case of using virtual currency to open a casino and seized more than 10 million yuan of funds involved

On September 23, according to the Linyi Hedong WeChat account, in early 2023, the Yihe New District Branch of the Linyi Public Security Bureau discovered an APP suspected of gambling in its work, and the funds flow was huge. After investigation, it was found that the APP was developed by Zhao Mou at the instruction of the criminal suspect Shi Moumou. Shi Moumou used his own and his family's identities to open multiple fund pool accounts. Members used virtual currency to exchange chips in the APP and conduct online gambling by guessing the rise and fall of virtual currency exchange rates in different time periods. Since 2023, the public security organs of Yihe New District have successively arrested 13 suspects involved in the case, including Shi Moumou, and seized more than 10 million yuan of funds involved in the case. In May 2024, Shi Moumou and others were sentenced to fixed-term imprisonment by the People's Court in accordance with the law.

A man in Hong Kong was robbed while trading in a virtual currency exchange shop. 12 such cases have been reported this year

On September 26, the Hong Kong police reported a major theft case that occurred in a virtual currency exchange shop in Sham Shui Po District. A 43-year-old man was robbed while trading HK$4 million in cash. The police have arrested two men involved in the case. After investigation, the police arrested two men with Hong Kong identity cards on the 25th and 26th respectively on charges of "conspiracy to steal". They are suspected of conspiring with a female clerk and others to open a virtual currency exchange shop to steal cash transaction funds from customers. The police revealed that the exchange shop involved in the case had been open for about one and a half months. The victim had previously conducted two successful transactions of approximately HK$400,000 and HK$800,000 in early September. This may be a trap set by the scammers to gain trust and induce the victim to increase his investment to HK$4 million. It is worth noting that in the first nine months of this year, 12 similar cases have been reported in the West Kowloon area, with a total amount of HK$10.8 million involved.

China's Shanxi police cracked down on a USDT money laundering criminal gang and arrested 7 people

On September 23, according to the Heshun Public Security Bureau, the Heshun County Public Security Bureau Criminal Investigation Brigade successfully cracked down on a criminal gang that specializes in defrauding victims of fraudulent funds and then withdrawing cash and using USDT for money laundering. The gang involved more than 10 cases in Beijing, Shanghai, Anhui and other places. With the strong support of the Municipal Bureau Criminal Investigation Brigade and the County Bureau Network Security Brigade, the police officers in charge of the case gradually mastered the complete structure and criminal evidence of the criminal gang that used USDT for money laundering, and locked the identity characteristics and scope of activities of the criminal suspects responsible for withdrawing fraudulent funds. The police officers in charge of the case carried out arrest operations in Chongqing, Henan and other places at the same time, and arrested 7 suspects in total, and seized a vehicle involved in the case, 10 mobile phones, 1 banknote detector, and more than 37,000 yuan in cash. The case is under further investigation.

Documentary "Vitalik: An Ethereum Story" IMDb score 8.8

On September 23, according to the IMDb official website, the 1 hour and 25 minute documentary "Vitalik: An Ethereum Story" is currently rated 8.8/10. IMDb is the abbreviation of Internet Movie Database, an online database platform that provides information on movies, TV shows, actors, directors, etc.

Hot articles this week

"Ethereum's 10-year power change: 3 internal reshuffles, now trying to bid farewell to the Vitalik era"

The "car" is too heavy, the "banker" is too scattered, and the price of ETH, the 34th largest asset in the world, is stagnant. Ethereum has ushered in its own "mid-life crisis". Today, the complex relationships and ideological conflicts within the Ethereum Foundation continue, researchers spray each other, and the ideology has undergone subtle changes. After experiencing the changes in the crypto era, the survival and death of the Russian-Ukrainian war, and the perception of life, the 30-year-old Vitalik seems to have started a new script and played a completely different new role in Ethereum.

"Meme enters the second half, what to do next? "

Last year's article "Want to play meme coins? These underlying logic and investment methodologies you must understand" explored the underlying logic and investment methodology of meme's success. Two days later, $pepe and $aidoge appeared and became popular. Meme began a bull market that lasted more than a year, and gradually developed into the most profitable and popular track in the current crypto industry. Now that times have changed, meme has also evolved into a pvp battlefield. It is difficult to find a new continent with an old map. We need to start thinking about the new development direction of meme.

《Hippopotamus MooDeng rises 100 times in 10 days, kicking off the "Internet celebrity animal meme trend"》

Now memes have another track - Internet celebrities. In addition to Musk's tweets and Trump's speeches, they also have to be familiar with the traffic codes on TikTok and Instagram. At the beginning of 2021, DOGE set off the earliest wave of meme craze named "Zoo Market". The market value of DOGE once reached 88.79 billion US dollars. Now, in addition to cats and dogs, a group of Internet celebrity animals have appeared in the meme circle. Unlike the pet cats and dogs of someone in the past, they first have Internet attention due to some of their own characteristics, and then transmit to the currency circle to have hype opportunities.

《"Mars" concept meme coin is coming, TERMINUS is temporarily the leader》

Recently, TERMINUS has led the "Mars wave" Meme coin explosion. With the "joining" of Chinese crypto KOL and SHIB community OG Li Ping, the Meme coin project with the ID of TERMINUS, "the first city of human landing on Mars in the future" described by Musk, has become the latest focus of the market after completing the CTO (community takeover). This article briefly reviews the recent "Mars wave" Meme coin projects.

《Sui Ecosystem Rises, Inventory of Current Popular "Water Meme"》

Thanks to the recovery of market sentiment brought about by the interest rate cut, $SUI, which had been performing well before, once again led the market with its outstanding coin price performance. Although the recent on-chain market sentiment is basically centered around the various imaginary concepts of the ETH mainnet, in addition to the excitement of the mainnet, Memecoin on the Sui ecosystem has also taken over part of the Meme craze. This article inventories the current popular Memecoin on the Sui ecosystem and introduces readers to Sui's ecological "water meme".

《BTC breaks through $65,000, what will happen in the future? ｜Trader Observation》

On September 19, the Federal Reserve confirmed the interest rate cut, and BTC rose accordingly. During the US trading session on September 26, along with the strong rise of the US stock index, BTC has broken through the previous round of highs of $65,000, destroying the structure of lower lows and higher highs. Whether it is a real destruction of the falling structure or a false breakthrough of the previous high, how to understand it from a technical level, how to judge the future market in combination with the depth of the contract/spot order book and the liquidation map, whether the macro environment can support the second half of the bull market, and how the market will price the interest rate cut in the future, trading bloggers have their own views.

《Cryptocurrency involved in online car-hailing subsidy war, this Web3 taxi app became famous in Singapore》

During this Token2049, Grab no longer seems to be the first choice for participants in the cryptocurrency circle. This largest online car-hailing platform in Southeast Asia has been overshadowed by an application called TADA. TADA invitation links are circulating in major cryptocurrency group chats. In Singapore, where the starting price per person is 50 yuan, the cost of choosing TADA is sometimes only a fraction of Grab. According to BlockBeats' actual test, it costs about 112 yuan, about 20.5 Singapore dollars, to take an ordinary car from Changi Airport to Golden Sands Bay using Grab, and 84 yuan, about 15.4 Singapore dollars, using TADA, which is about 25% cheaper.

《Token distribution causes trouble, the hamster game "Hamster Kombat" that once brought fire to the fascia gun still offended the players》

On September 24, Hamster Kombat (HMSTR) was officially launched on major exchanges such as Binance, and completed user airdrops. However, the market did not give positive feedback as expected, and users scolded one after another. Many community members reported that "after playing hard for more than four months, they only got tokens worth less than 100U, and the effort was not proportional to the benefits." After HMSTR was launched on Binance, it broke through $0.014 for a short time and then continued to fall. CATI, the token of the Catizen project, which is also a Telegram mini-game, has also fallen for many consecutive days since its opening, setting new lows. Has the model of "bringing a large number of users through Telegram mini-games + issuing coins and listing on major exchanges" reached the top of the stage? How will it develop in the future?

"9 ancient whales have awakened one after another. Is this the last round of crypto bull market?"

With the news that the Federal Reserve cut interest rates by 50 basis points, the crypto market began to end the previous "long" period of shock and began to rise slowly after a long absence. Many ancient crypto whales that had disappeared have also slowly surfaced recently. Even the miner wallets that started mining Bitcoin as early as 2009 have begun their own on-chain asset transfer operations, which makes people more nervous about the future market trend. Some people even exclaimed: "This cycle may be the last bull market for retail investors."

《Another "King" project overturned: Miners collectively denounced, why is Aleo subject to a lot of doubts? 》

As a star project with more than 200 million US dollars in financing, the progress of Aleo has always attracted much attention. On September 18, 2024, Aleo's mainnet was officially launched, and the token economics was finally disclosed. However, after the mainnet was launched, Aleo failed to gain community recognition, but was instead filled with a lot of doubts on social media, especially from miners. Many users said on social media that this was another failed case of a king turning into a "death".

《Quietly dominating Solana ecosystem cash flow, why is $MPLX undervalued?》

As the core infrastructure of Solana digital assets, Metaplex supports the creation of most NFTs and fungible tokens. In March of this year, Metaplex announced that 50% of the protocol fees would be used to purchase MPLX and send it to Metaplex DAO. In September, several crypto funds such as Pantera Capital purchased a large number of Metaplex tokens from Wave Digital Assets. In this article, the author analyzes Metaplex's project mechanism, token economics and its repurchase plan. As Metaplex continues to expand in the infrastructure field, its irreplaceability and growth potential in the Solana ecosystem make $MPLX an undervalued asset.

《What is the best crypto investment strategy after the Fed cuts interest rates?》

The crypto market has performed strongly in the past week, and the Fed's policy expectations of rate cuts have ushered in a global easing cycle. Compared with the same period last year, Bitcoin has risen by 13%-14%, and altcoins have risen by more than 50%. Solana market enthusiasm has weakened, and more attention has shifted to new L1 projects such as Sui, and investor sentiment has gradually returned to rationality. ETH is considered to have undervalued opportunities and the potential for recovery in the NFT market. This article discusses the combination of NFT and meme coins and their potential to enhance the community, especially the multi-cycle value of meme projects such as Pepe and Doge, while emphasizing the importance of nostalgia and Internet culture in the NFT market.

《Arthur Hayes New Article: My Macro Forecasts Are Only 25% Correct, But Crypto Investments Are Still Profitable》

Many readers and keyboard warriors in the cryptocurrency field often criticize me for making mistakes. So, how did I perform in my major judgments over the past year? Despite many losses, I am still profitable overall. The author of this article reviews his trading experience from November 2023 to September 2024, showing in detail the profits and losses of the past six months.

《Vitalik New Article: It's Time to "Align" the Entire Ethereum Ecosystem》

The main challenge facing Ethereum now is to ensure that all projects work together to build an Ethereum ecosystem, rather than 138 incompatible territories. To address this challenge, many people in the Ethereum ecosystem have proposed the concept of "Ethereum consistency". This may include value consistency, technical consistency, and economic consistency. However, this concept has been poorly defined historically, which creates the risk of being controlled at the social level: if consistency means having the right friends, then "consistency" as a concept fails. To solve this problem, I think the concept of consistency should be made clearer and broken down into specific properties that can be represented by specific indicators.

《Sam Altman's latest article: A few thousand days later, humans may enter the era of super intelligence》

On September 25, OpenAI CEO Sam Altman outlined his vision for future technological progress and global prosperity driven by artificial intelligence in a personal blog post titled "The Intelligence Age". At present, general artificial intelligence (AGI) is a goal that many large model companies at home and abroad are competing to achieve. This is a hypothetical technology that can be comparable to human intelligence in performing many tasks without special training. In contrast, superintelligence goes beyond general artificial intelligence and can be seen as a hypothetical level of machine intelligence that can significantly surpass humans in any intellectual task.

《As the DeFi revival is underway, what changes have taken place in the track's fundamentals? 》

The current prospects for the revival of DeFi are optimistic. The current environment has many similarities with the last "Summer of DeFi". A new generation of more mature DeFi protocols are also emerging, and relevant data indicators continue to improve. At the same time, more and more institutional investors are participating in it, which has promoted the expansion of the DeFi ecosystem. In addition, the Federal Reserve's loose monetary policy has injected sufficient liquidity into the market, attracting more investors to seek high-yield opportunities.

"Farcaster 100 Celebrities"

Farcaster is the head protocol of the Socialfi track in this cycle. Rhythm has integrated the Farcaster protocol for two months. This article reviews the Warpcast 100 celebrities to help readers build high-quality feed streams faster.

《Tokens can also become wallets, what is the INCEPT of the ERC-40 concept?》

On September 26, the $INCEPT/WETH trading pair traded on Uniswap suddenly saw a strong rise, and the price of the $INCEPT token fluctuated greatly in a short period of time, and the trading volume also soared. This not only reflects the market's renewed interest in this emerging project, but its innovative ERC-40 standard has attracted the attention of many investors.

《Half a month after the launch, several major opportunities on Fractal are worth reviewing》

Half a month has passed since the Fractal mainnet was launched. During this half month, I have been playing in depth on the Fractal network with the attitude of "no degen, no right to speak". Let me take you through the opportunities that have appeared on Fractal in the past half month, and look forward to what opportunities are worth participating in on Fractal in the future.

"Fortune": From a rower to a crypto founder, he "fooled" a16z twice"

Al-Naji’s first entrepreneurial attempt was to build a cryptocurrency startup, and he failed. Soon, he re-emerged with a bolder plan: He launched a social network as “Diamondhands” that turned other people’s social profiles into commodities that could be traded using cryptocurrency without permission. This project also failed. In some ways, Al-Naji’s prank is just another story of a cryptocurrency mogul defrauding his supporters. But it also raises a deeper question: How did he deceive the “smartest” investors of Silicon Valley’s elite? At the same time, it also put the most famous venture capital firm among these investors, Andreessen Horowitz (a16z), in an awkward role: fraud victim and prosecution witness.

《Token2049 Essay: Cycles, Dawn and Liquidity Incompetence》

On September 19, the TOKEN2049 conference closed. After each conference, many participants shared their experiences and insights on various platforms. BlockBeats has selected four 2049 essays so that you will not miss the cutting-edge market information even if you did not go to the scene.

《Solana Breakpoint Review: Taking Stock of Hot Trends in the Ecosystem》

From September 20 to 21, the fourth Breakpoint was held in Singapore. In addition to the main venue, this conference also opened more than 40 peripheral activities. Many well-known ecological project founders, including Bybit CEO Ben Zhou, OKX Chief Innovation Officer Jason Lau, Circle CEO Jeremy Allaire, and Visa Crypto Director Guy Sheffield, attended the conference. It is worth mentioning that the fermentation time of Breakpoint last year was almost highly consistent with the explosion cycle of SOL. Will Solana repeat last year's explosion this year?

"Latest Interview with Wall Street Investment Tycoon Jim Rogers: I am optimistic about Russia | In-depth Dialogue"

Jim Rogers, a famous American billionaire investor, is known as the commodity king. The Quantum Fund, which he co-founded with financial tycoon George Soros in 1973, once increased his personal funds by an astonishing 4200%. Because of this, Rogers has become one of the legends of Wall Street and one of the most influential investors in history, and is widely respected and learned by investors around the world.