Weekly Selection| Bitcoin Plunges 7% on Monday, Over $450 Million Long Positions Liquidated; Inscriptions’ Popularity Reaches New Heights

Weekly Recap Bitcoin Plunges 7% on Monday, Over $450 Million in Long Positions Liquidated; Inscriptions Gain Unprecedented Popularity

LianGuaiNews Editor’s Note: LianGuaiNews has selected high-quality content from the past week to help you catch up and fill in the gaps during the weekend. Click on the titles to read more.

Bitcoin Ecology

Veda Protocol Indefinitely Postponed: Ordinals “Bug” Controversy Sparks Debate in the Bitcoin Community

On December 10th, the Veda expansion protocol Ordinals announced that its launch would be indefinitely postponed due to force majeure. Veda-core and Veda-bvm will be open source.

Understanding Bitcoin Ordinals with Numbers: Contributes 23% of Transaction Fees, Popular BRC20 Tokens Rise Over 400%

Where does the development of inscriptions and tokens based on the Ordinals protocol currently stand? How is the market trading? What impact does on-chain activity have on the ecosystem, including mining and application layers?

Three Minutes to Understand Runes: A Concise Bitcoin Asset Issuance Protocol

Runes aims to address the inefficiency of BRC-20 tokens.

Understanding the Development of the Largest Metaverse Project in the Bitcoin Ecology: The Current State of the Bitmap Ecosystem

This article decodes the current state of the largest metaverse project in the Bitcoin ecology, Bitmap.

Understanding BitSmiley, the Stablecoin Protocol in the Bitcoin Ecology, in One Article

BitSmiley is the MakerDAO+Compound of the Bitcoin ecology, providing a comprehensive solution for Bitcoin DeFi and filling the most missing “stablecoin” + “lending” infrastructure in the current Bitcoin ecology.

Macro Perspective

Don’t panic, my friend, we are still in the early stage of a bull market

Reject FOMO sentiment: Data reveals that the market is in the early stage of a bull market, and altcoin season has not yet come.

Last Fed interest rate decision of 2023 approaches, Bitcoin consolidates and awaits rate cut signal

Tuesday’s US inflation data met expectations, which may be good news for cryptocurrency prices.

Seize the opportunity

Synthetix proposal ends inflation: SNX stakers’ rights reshaped, becoming a deflationary blue-chip project

Ending inflation for SNX means a redistribution of rights between stakers and ordinary token holders. After the deployment of the Andromeda version on the Base, 50% of the income may be used to repurchase and burn SNX to achieve deflation.

Jito and other new projects increase expectations for airdrops, list 4 potential airdrop projects and interaction strategies

Airdrops for projects like JTO make Solana hot again, but potential airdrop projects are not limited to Solana.

“Trash Coin” Investment Guide: Riding the hype to make big profits

In the last bull market, I started with $1,000 and reached $130,000 in 6 months. I didn’t rely on Bitcoin and Ethereum to achieve such huge returns, but through some small-cap tokens. Their market capitalization is low, so you don’t need a lot of capital.

Fusionist: A sci-fi mecha-style blockchain game developed by veteran gamers

With a complete worldview and excellent sci-fi mecha style, Fusionist has attracted high attention from the community since its announcement. Its X (Twitter) account now has 699k followers, and the Discord community has over 1.15 million members, which can be described as very popular.

A roundup of recently notable DePIN projects

This issue’s weekly selection covers the period from December 1 to December 15, including a total of 9 DePIN projects.

Web3 Things

Unveiling the “Success Story” of DWF Labs: Investing in 470 Projects in 16 Months, Attracting Customers by Pulling in Traffic

In just 16 months, DWF has invested in 470 projects and has established partnerships with approximately 35% of projects among the top 1000 tokens by market cap. This article interviews 16 clients, potential clients, and individuals familiar with the company’s operations, analyzing 10 proposals and contracts received by DWF’s clients and potential clients, as well as their communication exchanges.

The “Riot” behind the Starknet Community: User Dissatisfaction with Staggered Airdrops, Accused of “Favoring” Developers

StarkNet is about to launch, but how does the community perceive this airdrop controversy?

Comeback of Blockchain Gaming – What’s New with Former Kings Axie and STEPN?

With the rise of new blockchain games like Big Time and Fusionist, the landscape of the blockchain gaming market is being rewritten. Axie and STEPN need more immediate measures to maintain their industry positions.

Highlights of AMA Session with He Yi, the new CEO of Binance: Inscriptions Trading, Listing Principles, SEC Lawsuit, and more

Regarding future development, He Yi mentioned that Binance’s incubation efforts will increase tenfold, hoping to incubate entrepreneurs with a true long-term vision, rather than just making quick profits. He Yi believes that the next market peak will likely occur next year or the year after.

From the Explosion of Bodhi, Discussing Content Incentives, Public Goods, and Permanent Storage

This article will briefly discuss the significance of Bodhi and the common issues faced in content production.

Analysis of Solana Staking Market: The Four Forces in the Liquidity Staking Field

Comparing the staking amount, yield, governance token performance, and application in DeFi of Marinade, Jito, BlazeStake, and Lido in the Solana liquidity staking space.

Summary of the Latest Ethereum Core Developer Meeting: Goerli Hard Fork to Take Place Before the End of the Year, Testing Cancun/Deneb Upgrade

This is the 124th ACDC conference call, which mainly covers updates on Devnet #12, progress on the Cancun/Deneb upgrade, and discussions related to Slashable information dissemination.

Binance’s “Success Aesthetic”: Using Primitive Tools to Achieve Extreme Efficiency

From 0 to $3 trillion, all you need might just be Telegram group chats and Google Docs.

The Story of NFTs

Behind the Soaring Prices of Several Leading NFTs: Utilizing Ecosystem Project Airdrops as a “Golden Shovel” Strategy

Recently, projects like Cosmos, Solana, and Aptos are utilizing airdrops to turn leading NFTs into shovel-shaped projects, directly driving price surges and gaining more market attention.

Riding the Trend: The Latest Solana NFT Investment Guide

This article lists the top NFT projects worth paying attention to on Solana, as well as promising stocks with recent growth momentum.

November NFT Updates: Increased Trading Volume, Strengthened Blur’s Position

In November, NFT market trading volume surged, but the number of buyers decreased. Blur expanded its leading advantage.

Tech Talk

Decoding the P2Pool Model for Whole-Chain Game Matching Mechanism

In addition to the technical innovation of “putting financial rules on the chain,” the success of DeFi also involves innovative operation and token economics. Similarly, in the field of whole-chain games, we can extend the game matching mechanism from the previous P2P to P2Pool, and even expand the concept of liquidity pool to whole-chain games.

Understanding ERC-3643: Token Standards for Real-World Assets (RWA)

ERC-3643 changes the way people perceive tangible assets, trade real estate tokens, or transfer value. The development of ERC-3643 aims to eliminate or break down existing traditional barriers, especially the boundaries between the real world and blockchain platforms.

Metis Dao Research Report: Exploring Decentralized Sequencer, a Layer2 Solution with Hybrid Rollups

MetisDAO is an open framework built on Layer 2 protocols for creating, managing, and developing decentralized autonomous companies (DACs). It differentiates DACs from DAOs, describing DACs as a subclass of DAOs. While DAOs focus mainly on governance issues, DACs are specifically designed to address the daily operation and management problems of projects.

Vitalik: Exploring various “built-in ZK-EVM” version types and design challenges

This article will introduce several achievable “built-in ZK-EVM” versions and discuss trade-offs and design challenges, as well as the reasons for not adopting specific directions. The benefits of implementing protocol features should be weighed against the benefits of leaving things to the ecosystem and keeping the underlying protocol simple.

Key Information

Binance lists BRC-20 token Sats (1000SATS)

Bitcoin disclosure added to the US National Vulnerability Database

Sushi CTO warns: Do not interact with any dApps and Ledger may have suspicious code

Binance’s share of the cryptocurrency trading market drops to around 30%

BlackRock holds third meeting with the US SEC to discuss Bitcoin spot ETF

Franklin Templeton meets with the US SEC to discuss Bitcoin spot ETF matters

First edition of cryptocurrency accounting system to be issued in the US, measured at fair value

US CFTC Chairman claims most cryptocurrencies are commodities, acknowledges ongoing competition with SEC for regulatory authority in the crypto space

LayerZero releases V2 version overview, mainnet expected to launch in January next year

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