Evening Must-Read | Reasons, Impacts, and Solutions to the Crisis of American Banks

Crisis of American Banks: Reasons, Impacts, and Solutions (Evening Must-Read)

1. Overview of the performance of 1.14 L1 public chains in the first quarter of 2023

The rebound in the crypto market in the first quarter of this year did not come with a recovery in network usage. Although the market share of certain specific L1s had an average quarterly growth rate of 83%, network usage decreased by about 2.5%. Click to read

2. BitKeep research report: The development process of blockchain in Hong Kong

In May, the Hong Kong Securities and Futures Commission officially announced that regulatory provisions on virtual assets would be implemented from June 1st, and retail investors would be able to buy and sell virtual assets on licensed trading platforms as early as the second half of the year. CZ also shared on Twitter the news of the implementation of Hong Kong’s cryptocurrency asset regulatory provisions by China Central Television’s CCTV2 Economic Information Broadcast, which led to a very strong surge in Hong Kong and China’s token sectors. Click to read

3. ERC-6551: The Next Trend in NFTs

ERC-6551 allows every NFT on Ethereum to have its own wallet, which many people don’t really understand what it means. In short, users can now not only connect their wallets, but also connect their NFTs. Click to read

4. Are U.S. regulators the reason for the decline in cryptocurrency trading volume?

According to Kaiko’s data, cryptocurrency exchanges saw their lowest trading volumes since October 2020. Experts point out that banking crises and an unfriendly regulatory environment in the United States are key factors. Click to read

5. Causes, impacts and solutions to the U.S. banking crisis in 2023

In 2023, there were approximately one bank collapses every 90 days in the United States. Regional and smaller-scale banking institutions in the United States were hit by deep-seated vulnerabilities, regulatory failures, market instability, risk management failures, and other factors. This has led to chaos in regional and global financial markets. This article will delve into the causes, impacts, and possible solutions to the 2023 banking crisis. Click to read

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