5 must-read articles in the evening | Understanding Bitcoin’s on-chain performance in September with one article

5 must-read articles in the evening | Understanding Bitcoin's September on-chain performance with one article

1. Nansen CEO: 6 Cryptocurrency Trends for the Next Cycle

Many people have asked me what the future trends in cryptocurrency will be. I believe that the next cycle will revolve around 6 main themes, which are summarized as follows. Click to read

2. Tautology’s Double Sun: Monolithic Blockchain and Modular Blockchain Will Coexist

In the past few months, while browsing Twitter, I have been forced to read a lot about the progress in the field of blockchain scalability. This has made me both unhappy and happy. You may have already seen some promotion and debate about modular blockchain and monolithic blockchain, which is a narrative massacre. Click to read

3. Contrary to Grayscale’s View? Understanding Bitcoin’s On-Chain Performance in September

In August, Grayscale Fund, which won a lawsuit against the U.S. Securities and Exchange Commission, cleverly attracted a large amount of institutional funds to flow into the U.S. BTC market using interest rate differentials, and has become a “magic wand” in the BTC market in a few years. In early October, Grayscale pointed out in its monthly market report that Bitcoin performed strongly compared to traditional assets in September, highlighting the diversification characteristics of cryptocurrency. I also observed that the correlation between BTC and the S&P 500 has dropped to the level before 2020, and no longer has significant statistical associations. In addition, top high-frequency quantitative funds such as Jump have reduced their operations in the market, and BTC seems to have entered a “vacuum” state again. Click to read

4. Why Can’t the JPEX Incident Shake Hong Kong’s Cryptocurrency Vision?

Hong Kong’s determination to become a global digital asset center has always been clear. The government’s unremitting efforts to create a favorable ecosystem for digital assets have consolidated its broader vision of maintaining financial competitiveness on the international stage. However, the recent collapse of JPEX, a cryptocurrency exchange headquartered in Hong Kong, has stirred up the rapidly growing cryptocurrency industry in Hong Kong. In mid-September, the sky-high withdrawal fees set by JPEX indirectly restricted user withdrawals. The incident affected thousands of people and caused estimated economic losses of over 1 billion Hong Kong dollars ($127 million). It not only prompted a police investigation, but also seriously damaged the public’s perception of cryptocurrencies. Click to read

• Interpreting BitVM Bitcoin can achieve arbitrary computation without the need for forking
• US House of Representatives ‘Leaderless’, Cryptocurrency Legislation May Stall
• Follow-up analysis of the Grayscale case Will the US SEC fully approve a Bitcoin spot ETF in January next year?

5. TheBlock News Director: 5 Emerging Cryptocurrency Companies Worth Paying Attention To

FTX, Genesis, Voyager, and Three Arrows have all exited the cryptocurrency field. Last year was a year of great changes, not only for the cryptocurrency industry, but also for me as an author. However, this also gave me the opportunity to focus on emerging small-scale players. It is truly exciting. New entrepreneurs and first-time entrepreneurs are particularly noteworthy. They are still full of passion and have not yet exhausted themselves from the challenges of running a company. They are often approachable and very friendly, which makes my work more enjoyable. Now, I want to take some time to introduce some emerging companies in the cryptocurrency industry that may one day replace those big companies that went bankrupt last year. Click to read

We will continue to update Blocking; if you have any questions or suggestions, please contact us!