Evening Must-Read 5 Articles | Return to Deflation, Ethereum Ready to Go?
Top 5 Must-Read Evening Articles | The End of Inflation? Ethereum Poised for Surge!1. Golden Observation | Has the Narrative of Injective’s Rise Ended?
Looking back at 2023, how many people will regret missing out on Injective? On November 30th, OKX announced the listing of Injective (INJ), making it yet another mainstream CEX (Centralized Exchange) to embrace the project, following Binance, HTX, and Bitget. And within this year, the price of Injective has surged from $1.25 to a recent high of $19.20, an increase of 1436%. Compared to other Layer1 projects, it is undoubtedly in the lead. Read more
2. Grayscale Reveals the Bitcoin Ownership Pattern: Only 2.3% of Owners Have More Than One Bitcoin
As we approach the end of 2023, two events loom large: the Bitcoin (BTC) halving in 2024 and the potential launch of a Bitcoin ETF in the United States. Both events could expand the scope and breadth of investors seeking Bitcoin.
A common misconception is that a few individuals hold a large amount of Bitcoin. However, this is actually inaccurate. Due to the transparency of the Bitcoin blockchain, anyone can monitor real-time information about Bitcoin, including its ownership structure. Data from various sources, including Glassnode, Arkham Intelligence, Bitinfocharts, and Bitcoin Treasuries, indicates that Bitcoin supply is widely distributed among individuals, groups, and organizations worldwide. Read more
3. Pantera Partner: DePIN – When Decentralized Hardware Meets the New Data Economy
Last year, Decentralized Physical Infrastructure Network (DePIN) became one of the emerging trends. The core promise of DePIN is to bring the principles of blockchain applications, such as community ownership, public verifiability, and incentive alignment, into the world of physical “things” and infrastructure, whether it’s WiFi hotspots, security cameras, or computing servers. In this article, we will explore some core principles of DePIN, discuss some of the most representative DePIN projects, and finally, discuss the broader impact of DePIN on the blockchain space. Read more
4. Bitcoin DApp Summary for the Third Quarter of 2023
Compared to Ethereum, the developer-focused Bitcoin ecosystem has been dormant for a long time. Despite multiple attempts to build on Bitcoin L1, the technological gap compared to Ethereum is significant. Ethereum not only has smart contract functionality but also a diverse range of DApps, L2 solutions, rollups, and more. Read more
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- Cathie Wood’s ARK Invest Dives into the Crypto Stock Market: A Rollercoaster Ride to Profits!
- Reddit’s Moons: From Contract to Comedy
5. Return to Deflation: Is Ethereum Gearing Up?
In recent weeks, as more Ethereum validators voluntarily exit, the growth rate of the Ethereum validator population has started to slow down, leading to a decrease in Ethereum’s mining speed. As activity on the Ethereum network continues to increase, the amount of Ethereum burned through the EIP-1559 protocol is also surging, causing Ethereum’s supply to enter deflationary territory once again. Read more
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