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Review of this week | The Federal Reserve starts a rate cut cycle; Trump family DeFi project confirms coin issuance
Summarized by AI
BlockBeats will organize the key industry news content of the week (9.16-9.22) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends
Important News Review
The Federal Reserve cut interest rates by 50 basis points, and the interest rate cut cycle started boldly
On September 19, the Federal Reserve started the interest rate cut cycle, lowering the federal funds rate by 50 basis points to 4.75%-5.00%, the first interest rate cut since March 2020. Nick Timiraos, a reporter for the Wall Street Journal, who is known as the "Federal Reserve mouthpiece", said that the Federal Reserve's 50BP interest rate cut marked a bold start to the interest rate cut. According to statistics, the last time the Federal Reserve cut interest rates by 50 basis points was in March 2020, after which Bitcoin's maximum increase exceeded 10 times. Related reading: "Will Bitcoin rise or fall after the rate cut? What do traders think? ", "How does the Fed's rate cut increase Bitcoin's volatility? 》、《Quick View of Powell's Heavy Hawk Press Conference Q&A Key Points》
Federal Reserve dot plot median: cumulative interest rate cuts of 100 basis points in 2024
On September 19, the Federal Reserve's dot plot showed that among the 19 officials, 2 officials believed that there should be no further interest rate cuts in 2024, 7 officials believed that the interest rate should be cut by another 25 basis points in 2024, 9 officials believed that the interest rate should be cut by another 50 basis points in 2024, and 7 officials believed that the interest rate should be cut by another 75 basis points in 2024.
Goldman Sachs, Citigroup, Morgan Stanley predict the Fed's future rate cut path
On September 19, Wall Street's largest brokerages Goldman Sachs, Citigroup, Morgan Stanley and others predicted the Fed's future rate cut path. Bank of America expects the Fed to cut interest rates by 75 basis points in the fourth quarter and another 125 basis points in 2025. Goldman Sachs maintained its forecast for the Fed to cut interest rates by 25 basis points at its November and December meetings this year. Citigroup maintained its forecast for the Fed's rate cuts this year at 125 basis points, but now expects the Fed to cut interest rates by 25 basis points in December, compared with a previous forecast of 50 basis points. In addition, the bank expects more 25 basis point rate cuts in 2025, pushing the terminal rate to a range of 3%-3.25%. Other brokerages such as Macquarie and Deutsche Bank have retained their expectations that the Fed will cut interest rates by two more 25 basis points this year. Seth Carpenter, an economist, and Matthew Hornbach, a strategist on the Morgan Stanley team, said they might choose to implement a series of conventional rate cuts (25 basis points) by mid-2025, two this year and four in the first half of next year.
CZ will be released on September 29
On September 16, according to the official website of the Federal Bureau of Prisons, a 47-year-old Asian man named "CHANGPENG ZHAO" will be released on September 29, 2024. According to Bloomberg in June, Binance founder CZ went to a federal prison in California to begin a four-month sentence.
TOKEN2049 Singapore ended successfully on September 19
The global conference TOKEN2049 Singapore ended successfully on September 19, and the conference aimed to define the next development in the Web3 field. During the two-day main event, hundreds of gatherings and seminars were held, bringing together more than 7,000 companies and more than 20,000 participants from more than 150 countries. Singapore has become a vibrant center for Web3 activities. Related reading: 《Real-time Update | TOKEN2049 Singapore Successfully Concluded, Highlights Review》
Trump Launches First Edition Silver Commemorative Medal TRUMP COINS, Official Website Now Online
On September 21, former US President Trump launched his first edition of silver commemorative medals TRUMP COINS, and the project's official website has been launched. The main features of the silver commemorative medal include: containing 1 ounce of .999 pure silver; minted in Indiana, USA; designed by Donald J. Trump; the only officially authorized Donald J. Trump silver medal on the market; engraved with the image of President Donald J. Trump on the front and the image of the White House on the back; comes with a customized felt bag and certificate.
Trump's crypto project World Liberty Financial, 63% of WLFI tokens will be sold to the public
On September 17, Trump's crypto project World Liberty Financial (WLFI) said in a live broadcast that 63% of WLFI tokens will be sold to the public, 17% for user rewards, and the remaining 20% for the team. Related reading: "Trump family DeFi project confirms the issuance of coins, Trump once again talks about his recognition of Crypto (with full speech)"
He Yi: Binance has no intention to guide the trend towards Meme
On September 16, Binance co-founder He Yi said in Telegram: "Binance has no intention to guide the trend towards Meme. There are currently three types of projects in the market: 1) TG mini-games, with many players; 2) A large number of infrastructure projects and other coin issuances, all of which are highly valued CV coins; 3) Memecoin is the only hot currency in the market. The previous contract did follow the trend and launched NEIRO. The community reported that Meme was becoming a currency, so it took some time to find some projects with relatively low market capitalization and dispersed coin holdings to test the waters; 4) For other types of projects, we also keep observing. If you think there are coins that you think are particularly good, please recommend them.
Binance responded to the "rat warehouse rumor": it was verified to be an "oolong incident", and effective reports can receive a reward of 10-5 million US dollars
On September 17, Binance The Chinese official said that a screenshot of a KOL (Vic TALK) community circulating in the Chinese community recently triggered a discussion about Binance's "rat trading". After official verification, it was finally confirmed to be an "oolong incident". The information mentioned about several listings was based on the "win rate" of speculation. The information came from a secondary trader and was not insider information. Binance stated that any behavior involving leakage or corruption will be dealt with seriously once verified. You are welcome to report any clues about listing or other forms of corruption at any time. After verification, if it involves Binance internal personnel, the official will provide a reward of 10 to 5 million US dollars while protecting the reporter's personal information. Related reading: "He Yifa responds to the anxiety of the currency circle and the rumors of listing coins: Binance needs to reconcile and does not have absolute right to speak"
BNB Chain announced integration with Telegram; Telegram mini-program game Moonbix will be launched, and the date will be announced as soon as possible
On September 18, the Binance customer support team said that its upcoming Telegram mini-program game Moonbix was accidentally leaked before the planned release date. The product is still being fine-tuned and the official release date will be announced as soon as possible. On September 20, BNB Chain was integrated with the messaging application Telegram. With Telegram robot wallets such as CodexField Wallet and UXUY Wallet, users can send, receive and interact with dApps in Telegram chats. These wallets can serve as a convenient portal to the BNB Chain ecosystem, enabling users to fully manage their assets directly in Telegram.
Binance launches Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE), driving up the price of NEIRO
According to the official announcement, Binance will launch spot trading of Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE) at 18:00 (UTC+8) on September 16, 2024. Withdrawals will be open at 18:00 (UTC+8) on September 17, 2024. Subsequently, the price of Neiro rose rapidly, with an increase of more than 680% in half an hour, and the market value exceeded 116 million US dollars. Related reading: 《Neiro Resurrection: Trading Platforms Are Becoming the "National Football Referee" of the Meme Market｜100x Review》
One of the major updates of Ethereum, the Pectra upgrade will make changes to gas fees, validator rights, etc.
On September 21, the core developers of Ethereum decided to split the network's next major upgrade, Pectra, into at least two parts, with the first update to be released around February 2025. Currently, regardless of what token is transferred, gas fees on Ethereum, Base, Arbitrum, Optimism and other second-layer networks must be paid in ETH. A proposal included in the first part of Pectra, EIP-7702, will effectively end this requirement, allowing users to pay gas fees with other more widely used cryptocurrencies. Another improvement is EIP-7251, which will allow Ethereum stakers to receive rewards for more than 32 ETH staked parts. For example, users who currently stake 40 ETH cannot currently receive income or voting rights from the additional 8 ETH. This will greatly reduce the bandwidth requirements of the entire Ethereum network.
BingX was attacked and more than 43 million US dollars were stolen; the platform said it would bear all losses
On September 20, according to market news, the cryptocurrency trading platform BingX was suspected of being attacked by hackers, and a large amount of abnormal funds outflows have been detected. Paidun estimates that the total amount of assets stolen from BingX has exceeded 43 million US dollars. After the theft, BingX immediately launched an emergency plan, including emergency transfer of assets and suspension of withdrawals, and stated that the losses caused by the attack will be borne by the platform. On September 21, BingX Chief Product Officer Vivien Lin posted that the withdrawal service is being gradually restored, and BSC network withdrawals will be opened at 08:30 on September 21.
WalletConnect announces launch of token WCT, 18.5% will be allocated to first season airdrop
On September 17, Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. Registration for the WCT airdrop will open on September 24. The initial supply of WCT tokens is capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first season airdrop. To participate in the WCT airdrop, users must register by connecting a wallet, linking a GitHub account, and providing an email address. Eligibility requirements include having an Ethereum address, actively using WalletConnect, or contributing to open source projects. The first season of airdrops will end on October 11. Initially, WCT tokens will not be transferable.
Aleo Announces Token Economics, 34% Allocated to Early Supporters
On September 17, the programmable privacy network Aleo announced its token economics, and there will be 1.5 billion Aleo tokens at the launch of the mainnet. After the mainnet is launched, the consensus algorithm will automatically generate tokens to reward provers and stakers. Among them: 34% is allocated to early supporters; 25% is allocated to grants, ecosystem contributors and education; 17% is allocated to employees and project contributors; 16% is allocated to the Aleo Foundation and Provable; 8% is allocated to strategic partners. Staking and proof rewards increase the supply of tokens in circulation by about 75% in ten years (from 1.5 billion to more than 2.6 billion). The inflation rate will gradually decrease from 13.5% in the first year to 1.6% in the tenth year.
The RMB exchange rate against the US dollar rose and approached the 7.0 mark, and the highest price on the Binance platform was only 6.98
On September 21, as the Federal Reserve released a signal of interest rate cuts, the RMB exchange rate showed a strong upward trend. As of 4:59 on September 21, the offshore RMB against the US dollar was 7.0421, up 295 points from the previous trading day. At the close of 16:30 on September 20, the onshore RMB against the US dollar was 7.0552, up 108 points, and the highest price of USDT to CNY on the Binance platform was only 6.98 yuan.
Virtual currency transaction dispute, China's Hunan Court rejected the plaintiff's buyer's lawsuit
On September 16, the People's Court of Yuanjiang City, Hunan Province, recently heard a dispute case caused by the sale of virtual currency. In this case, Zhou found his friend Dai, hoping to help him buy BZZ virtual currency (a kind of encrypted virtual currency) for investment. Therefore, Dai was entrusted by Zhou to buy BZZ virtual currency from Zheng and "send" the virtual currency to Zhou's imtoken wallet. But after a while, Zhou sued Zheng in court, demanding the return of 76,518 yuan of funds used to buy BZZ virtual currency and payment of funds occupation fees. After trial, the court held that BZZ coin is a network virtual currency similar to Bitcoin, which should not and cannot be circulated and used as currency in the market. The entrusted transactions, management and derivative refunds of BZZ coins between Zhou, Zheng and Dai are currently not protected by law in my country, and the consequences of such behavior should be borne by them. Zhou's request for Zheng to return 76,518 yuan of funds used to buy BZZ virtual currency and pay funds occupation fees has no factual and legal basis, so the final judgment dismissed Zhou's lawsuit.
Chongqing police cracked the BLAST token theft case, suspects implanted code into company computers to transfer airdrops
On September 19, the Chongqing Public Security Bureau successfully cracked a virtual currency theft case involving an amount of about 400,000 yuan and arrested three suspects. In June 2024, the Chongqing Public Security Bureau received a report from a technology company in its jurisdiction, saying that more than 2.6 million BLAST tokens were stolen from the company's account. By analyzing the transaction path and capital flow, the police quickly locked and arrested three suspects, all of whom were former employees of the technology company. They used their positions to implant malicious code into the company's computers and stole the company's virtual wallet address and private key password. On the evening of June 26, after the company's virtual wallet received the official BLAST tokens, the suspects immediately transferred the tokens to a pre-prepared wallet, and then cashed out and divided the spoils. At present, the three suspects have been approved for arrest by the procuratorate in accordance with the law on suspicion of theft.
Three people were sentenced by the Hubei Court of China for setting up a "community" pyramid scheme in the name of investing in virtual currency
On September 19, the Zhongxiang City Procuratorate of Hubei Province prosecuted Chen and three others for organizing and leading pyramid schemes. After a judgment in accordance with the law, Chen and three others were convicted of organizing and leading pyramid schemes and were sentenced to three years in prison, suspended for five years, and fined RMB 350,000. The police investigation found that a pyramid scheme headed by Chen, Ding, and Fu decided to issue self-created virtual currency to obtain profits. "The three agreed on the promotion model, reward system, profit distribution mechanism and other matters, and went to other places to find Lu, the head of a software design company, to develop a virtual currency software APP. In February 2022, the APP was officially launched. On February 19 of the same year, Chen and three others held a press conference for the APP and called on friends to participate in the virtual currency project. At the same time, they established a pyramid scheme organization "XX Community" in the name of investing in virtual currency projects.
Hot articles this week
Recently, after Binance launched multiple Meme coins, a chat screenshot of a KOL accurately predicting all specific currencies before listing was reported, which once again aroused heated discussions in the community about "Binance's rat warehouse". The US SEC also submitted a proposed revised complaint against Binance, focusing on Binance's token listing process and accusing Binance of acting as an unregistered securities provider. In response to this, Binance co-founder He Yi published an article explaining his personal views and unique opinions on the two major themes of "not so easy to make money" and "compliance" in the crypto field during this cycle, as well as the specific process of Binance listing coins.
On March 18 this year, dexter, the founder of Whales Market, announced the pre-sale of its AI project tokens on Solana, raising 155,364 SOL (about 32 million US dollars) in just half an hour, exceeding the 30 million US dollars pre-sale hard cap. But dexter deposited the pre-sale funds into Binance the day after the pre-sale was completed. After several months, on August 14, gm.ai officially announced the launch of the GM token. However, after such a long interval, the pre-sale participants were waiting for a 100% loss as soon as they went online. The participants were cut to pieces, which can be called the biggest scam of the year in the cryptocurrency circle. Crypto KOL 0xkevin exposed the initiator of this scam.
《Real-time Update | TOKEN2049 Singapore Successfully Concludes, Highlights Review》
TOKEN2049 Singapore was held on September 18-19, and the conference aimed to define the next development in the Web3 field. During the two-day main event, hundreds of meetups and seminars were held, bringing together more than 7,000 companies and more than 20,000 attendees from more than 150 countries. This article is a review of the hot developments and highlights of the conference, including the wonderful speeches of Ethereum co-founder Vitalik Buterin and Multicoin Capital co-founder and managing partner Kyle Samani, for readers' reference.
The 4th Breakpoint was held in Singapore from September 20th to 21st. In addition to the main venue, this conference also held more than 40 peripheral activities. The Breakpoint Conference is the largest and most influential conference in the Solana ecosystem, carrying the entire Solana ecosystem's expectations for information exchange on value judgments, future directions, and wealth codes. Last year, the fermentation time of Breakpoint was almost highly consistent with the explosive pull cycle of SOL. Will Solana repeat last year's outbreak this year? What hot hype targets have emerged?
《Quick Look at the Key Points of Powell's Heavy Hawkish Press Conference》
On September 19, the Federal Reserve cut the federal funds rate by 50 basis points to 4.75%-5.00%, starting a cycle of interest rate cuts. This article is a summary of the key points of Powell's Q&A at the press conference. Powell intended to emphasize that any interest rate cut decision made by Federal Reserve officials will be based on the current economic situation and data, and the risks between the two major missions of inflation and employment are currently balanced, so it is time to start cutting interest rates to boost the labor market. In addition, Powell does not believe that a sharp interest rate cut indicates that the US economy is approaching a recession, nor does it mean that the job market is on the verge of collapse. The interest rate cut is more of a preventive action aimed at maintaining the "robust" status quo of the economy and the labor market.
《How does the Fed's rate cut increase Bitcoin's volatility? 》
The Bitcoin market is facing a period of intense volatility as expectations of a rate cut by the Federal Reserve have attracted attention. The price of Bitcoin fell from $65,000 in late August to $59,000 in early September, and the market is full of uncertainty about future turmoil. Although rate cuts are generally seen as positive for Bitcoin, the aggressive 50 basis point rate cut may indicate deeper economic instability, leading to increased investor aversion to risky assets. The weakness in the job market and challenges in the global economy have also further exacerbated this uneasiness. As September progresses, investors need to be vigilant about possible market volatility, and the Fed's policies will have a key impact on the future trend of Bitcoin.
OP_CAT has rapidly emerged in the Bitcoin ecosystem and has become a highly anticipated technology, especially in projects such as the Fractal Bitcoin network. The core function of OP_CAT is to splice multiple data fragments to enhance Bitcoin's smart contract capabilities. Supporters include developers of the Lightning Network and researchers at Blockstream, who believe that OP_CAT can optimize multi-signature and state contracts to improve payment efficiency. With the advancement of the BIP347 proposal, the re-enabling of OP_CAT is seen as an important milestone in Bitcoin's expansion and innovation, and may lead a new trend of development.
《SUI has risen by more than 40% in 7 days, why is it suddenly leading the market? 》
SUI has risen by more than 40% recently, which has attracted attention. This week, the TVL of the Sui network exceeded 1 billion US dollars, setting a record high. The price of the currency even broke through 1.5 US dollars, and was temporarily reported at 1.501 US dollars at the time of publication. Why did SUI suddenly take the lead? All of this actually has traces to follow. On September 12, Grayscale announced the launch of the Grayscale SUI Trust Fund, which was officially open to qualified investors. On September 18, Binance launched the SUI coin-based perpetual contract. At the same time, the UDSC stablecoin will soon be natively supported on the Sui network through the cross-chain transfer protocol. With many favorable factors, the long-term potential of SUI is exciting.
《Sui airdrop season is happening, how to layout efficiently? 》
The Sui ecosystem is ushering in a wave of enthusiasm, which has also triggered speculation about potential airdrops. Sui's lending protocol Suilend is developing rapidly. The total locked value has exceeded 130 million US dollars. Users can obtain up to 12% annualized returns by depositing stablecoins, and they can also receive SUI token subsidies for lending. Multiple investment paths can achieve a comprehensive annualized return of more than 15%, while obtaining Suilend points. Suilend also launched the Suilend Capsule NFT as a reward, which is expected to be related to its token exchange. In addition, although the Rootlets NFT series launched by Suilend founder Rooter claims that it will not be airdropped, its close connection with Suilend has attracted widespread attention in the market.
《BlackRock's latest report: Why is Bitcoin so different from traditional assets? 》
Bitcoin has grown from obscurity to a popular asset over the past 15 years, and its unique decentralization and fixed supply characteristics make its risk and return drivers significantly different from traditional assets. Although its high volatility regards Bitcoin as a high-risk asset, its fundamentals and adoption trajectory are affected by macro factors such as global monetary stability and geopolitical conditions, which is in stark contrast to traditional financial assets. Although the price of Bitcoin may be affected by market sentiment fluctuations in the short term, it usually recovers quickly, showing its potential as a safe-haven option. As anxiety about US fiscal and global economies grows, Bitcoin may be increasingly seen as an effective portfolio diversification tool.
《EIGEN unlocking time is approaching, what is the expected valuation and return? 》
EigenLayer recently announced two important developments related to the EIGEN token: the second season airdrop is now open for claiming, with a deadline of March 16, 2025, and programmatic incentives will be launched, with EIGEN incentives issued weekly to qualified stakers and operating nodes starting in October, with an estimated distribution of approximately 66.95 million EIGEN in the first year. These actions are seen as a warm-up for the upcoming EIGEN unlocking event, although the specific date for circulation unlocking has not yet been determined. EigenLayer currently ranks third in the ecosystem with a total locked value of US$10.79 billion, and is still a leader in the re-staking field. With the launch of the incentive plan, the return of staking users is expected to be around 1.6%, but considering security and liquidity, this platform is still attractive to investors.
After Binance announced the launch of Neiro, Turbo and Baby Doge Coin spot trading pairs, Neiro's market value soared rapidly, but the story behind it is full of drama. Two meme coins named Neiro and NEIRO were launched on different trading platforms and caused market fluctuations. Neiro's success is closely related to Vitalik's unexpected interaction, while NEIRO skyrocketed due to the launch of contracts on OKX and Binance. This meme coin civil war reflects the current consensus crisis in the market, as well as the impact of the cabal model and the shadow of insider trading on industry values. The future of meme coins faces the dual challenges of consensus generation and industrialization.
So far, six Ethereum second-layer networks have reached the first stage, and most of the others are still in the primary stage. Ethereum co-founder Vitalik Buterin said that if a network does not enter the first stage by the end of the year, it will no longer be considered a second layer. The recent Velocore attack has raised questions about the speed of decentralization, and critics believe that networks that rely on Ethereum for security should not suspend block production. Currently, networks that have entered the first stage include Arbitrum One and Optimism, which use fraud proofs and zero-knowledge verification to ensure transaction validity. Others such as Base and ZKsync Era are still under evaluation, and their future development will affect the trust and status of the Ethereum ecosystem.
《Ethereum's two-year transition to PoS: Why has the price of ETH stagnated?》
Two years after its transition to a PoS mechanism, Ethereum is facing questions about its poor performance in the market. Although the price of ETH has risen by about 44.28% in the past two years, the increase has lagged significantly compared to BTC and SOL. This phenomenon reflects the competition between Ethereum's Layer1 and Layer2 and the contradiction between staking and liquidity. With the rise of Layer2, ETH's on-chain activities and fee income have been hit. Although the reduction in fees is intended to stimulate demand, the actual situation has led to insufficient value feedback. At the same time, although the total amount of Ethereum's staking has increased by 150.18%, the growth rate has slowed significantly, and the problem of balancing the liquidity of the staking amount and market demand has become increasingly prominent. Compared with Solana's rapid growth, the growth rate of Ethereum's application demand also seems insufficient, which has caused market concerns about its long-term growth potential. Overall, although Ethereum may face volatility in the short term, its future development still needs to focus on the continuous interaction between technology and the market.
《The US election that everyone is talking about, how will it affect the crypto market? 》
The impact of the US election on the crypto market cannot be ignored. Although in the long run, the election has limited impact on the price trend of crypto assets such as Bitcoin, it can cause market fluctuations in the short term. For example, taking US stocks and gold as examples, the months before the election are usually accompanied by large fluctuations, and the reaction of the crypto market is similar. Macroeconomic factors, especially the Federal Reserve's monetary policy, such as interest rate cuts and inflation trends, are still the main forces dominating the crypto market. Crypto companies influence the policy environment through donations, and betting platforms such as Polymarket have also become popular due to the popularity of the election.
From September 16 to 17, Singapore held the first large-scale Farcaster ecological offline event in Asia, attracting many ecological builders, investors and researchers. In the afternoon roundtable of FarCon Asia, many guests discussed the opportunities and challenges of decentralized social networks. Jane Lippencott, partner of a16z Crypto, emphasized the importance of early projects in building a united community and user diversity, and believed that the Fancaster ecosystem performed well in this regard. Tony, co-founder of Tako, discussed the new exploration of token incentives for creators' income, while Yawn Rong, co-founder of STEPN, focused on the sustainability of the profit model, pointing out that token incentives alone are not a long-term solution. Pigi, game director of Taiko, emphasized the long-term value of high-quality game development and believed that lowering the user threshold is crucial. Finally, DWF Labs partner Andrei Grachev and Yuga Labs' Tina discussed the potential of Meme coin culture and the trend of NFT project rebranding.
In the wave of blockchain innovation in Asia, FarCon Asia was successfully held as the first large-scale Farcaster ecological offline event in Asia, focusing on the development of on-chain social applications. Jesse, head of the Base protocol, shared Base's vision and strategy in the dialogue, emphasizing that social products will lead the next wave of user growth, and discussed how to put currencies from different countries on the chain to improve the availability of global financial services. Jesse believes that Asian developers are experienced in building applications and can promote open data sharing and create super applications. At the same time, he pointed out the importance of the creator economy and called for more opportunities for creators through community support and high-quality tools to achieve higher value sharing. Overall, Base's goal is to bring one million high-quality developers and one billion users to the chain to promote the vigorous development of the global blockchain economy.
At the FarCon Asia event on September 17, Farcaster founder Dan had an in-depth conversation with KOL Ted, emphasizing the uniqueness of Farcaster as a decentralized social network. Dan explained the significant differences between Farcaster and Web 2.0 social platforms, especially in the strategy of encouraging users to speak as individuals rather than brand accounts. He also introduced Farcaster's developer ecosystem, pointing out that developers can use decentralized social graphs and content distribution tools to create various applications and enhance user experience. As the number of users grows, Dan called on developers to pay attention to authenticity and interactivity, and suggested that the connection and participation between users can be further enhanced by establishing small communities.
《Venture Capital vs Hot Money Exit Game, Starting from Friend.Tech》
This podcast delves into the impact of the sharp drop in the price of Friend.Tech tokens on project planning and user retention. It also discusses the ethical issues of crypto project exits, especially project termination after token issuance, and the different roles of venture capital and liquidity funds in the crypto market. In addition, the program analyzes the negative effects of airdrop mining and the impact of hedge funds on market liquidity and efficiency. The podcast also mentions the conflict between market speculation and long-term value creation, as well as the room for improvement in market efficiency.
This article discusses the role of the US dollar in the global economy and emphasizes that the Federal Reserve does not fully control the global influence of the US dollar. Through a conversation with expert Jeff Snider, this article reveals how the "Eurodollar" system works and explains how the US dollar circulates in the global market with banks as the center, rather than being directly controlled by the US government. The article also explores the actual role of reserve currencies, showing that the Fed's monetary policy, especially interest rate adjustments, may not have a decisive impact on the global economy. In addition, readers need to be wary of cognitive biases and think about complex economic issues from different perspectives.
Airdrops used to be an important tool to promote the development of crypto projects, but over time, they have gradually exposed the drawbacks of short-term speculation and have difficulty maintaining the long-term loyalty of users and developers. Many projects rely on airdrops and funding programs to attract "hot money" that quickly disappears. In the future, blockchain projects should focus on building long-term, value-driven models that incentivize users and developers to continue to participate and contribute to achieve a more stable ecosystem development. It is time for us to focus on building long-term, value-driven models that can ensure the loyalty of users and developers.
From Graham to Satoshi: A Value Investor's Guide to Bitcoin
Value investing originated in the late 1920s and was proposed by Benjamin Graham and David Dodd against the backdrop of the Great Depression. It aims to explore the intrinsic value of stocks through fundamental analysis. Graham's philosophy was in contrast to the speculative frenzy of the time, emphasizing that market prices do not always reflect true value. This framework has inspired investment masters such as Warren Buffett to emphasize the importance of long-term holding, contrarian thinking, and compound returns. Today, the principles of value investing are not only applicable to traditional stocks, but also provide a powerful tool for analyzing emerging assets such as Bitcoin, highlighting the potential of long-term investment and opportunities under market misunderstandings.
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