Weekend reading: ChatGPT sparks reflection; SEC investigates doubts about custody services; Arbitrum ecosystem heats up.
With the recovery of the crypto market, we will return to building in 2023. This week, the market sectors have rotated rapidly, mixed with regulatory uncertainties, and the market sentiment has fluctuated, with an unclear future ahead.
This week's hot events, have you caught them all? Let's review the highlights of the past week in this article, for the convenience of readers to review and collect high-quality content, track the latest developments of projects, understand market trends, and learn and discuss. BlockBeats will regularly summarize high-quality content for readers. If you have any suggestions, opinions, submissions, or viewpoints to discuss, please contact us through the method at the end of this article.
"ChatGPT triggers AI sector, besides AGIX, what other AI coins are people trading?"
Artificial Intelligence (AI) mainly consists of three elements: data, algorithms, and computing power. Among them, data is the foundation. It is precisely because the amount of data in practical applications is increasing, making traditional computing methods and hardware difficult to meet the requirements, that the landing of AI applications has been promoted. Returning to the encryption market, under the recent active market sentiment, AI concept coins have taken advantage of the trend and achieved remarkable market performance. Let us now sort out the currently active AI-related projects in the market and their market performance.
"OpenAI founder has also launched a cryptocurrency project with ambitions bigger than ChatGPT."
Recently, OpenAI's ChatGPT has led a wave after wave of AI sector market frenzy in the global market. OpenAI has been dormant for many years, and many people think it is just a big shot playing around, until ChatGPT was created, which made people exclaim that technology needs pure original intention. However, Worldcoin is like a hidden snake in the grass, with a thousand-mile foreshadowing, and it is also another original intention of Sam Ohterman.
《ChatGPT 引发的十大职业危机及带来的新机遇》 translates to "The Ten Career Crises and New Opportunities Triggered by ChatGPT"
ChatGPT is undoubtedly one of the fastest growing applications in recent times, and its rise has also heated up the generative artificial intelligence track. ChatGPT, which was launched just two months ago in January this year, is estimated to have reached 100 million monthly active users. It took TikTok about 9 months to reach 100 million users after its launch, while Meta's Instagram took about 2.5 years. We can't remember which app expanded so quickly. ChatGPT is challenging all aspects of human work and life. Many people have suggested that ChatGPT may replace existing human jobs and disrupt the demand for talent in society. BlockBeats summarizes its views as follows.
"US SEC's Iron Fist is Coming? Summary of Cryptocurrency Market Regulation Rumors"
On February 9th, the cryptocurrency market experienced a short-term sharp decline, possibly due to the impact of regulatory news from the United States. This article summarizes the rumors about the US SEC regulation currently circulating in the market. Although no policy has been implemented yet, we still need to be aware of the risks.
《Kraken被重罚并关停美国加密质押服务，业内人士怎么看？》
There has been a heated discussion in the community about rumors that the US Securities and Exchange Commission (SEC) may prohibit retail investors from pledging cryptocurrencies. On February 9th, the SEC announced a settlement with the cryptocurrency trading platform Kraken, which agreed to "immediately" stop providing on-chain pledge services to US customers and pay a $30 million fine to settle SEC charges of providing unregistered securities. Industry insiders have different opinions on this matter, and this article summarizes some of the views of relevant KOLs and practitioners.
Regarding the recent "ban" on pledging by the SEC, there has been a lot of concern among industry practitioners. Here, we will provide an explanation of why the SEC has implemented this ban and to what extent it applies. The SEC is targeting pledge-as-a-service providers, with a particular focus on opaque exchanges, due to their outrageous profit claims and high depositor risk. Therefore, native or decentralized pledging is not within the scope of the crackdown. The crackdown is aimed at models that use pledging services to attract deposits and generate interest. According to the Howey Test, pledging itself cannot be considered a security. Do your own research and don't be misled by claims that "pledging is now illegal".
"Can the LSD sector, which has risen sharply, take over the market hot spot as the AI hype peaks?"
AI's hype has been overblown, and under the continuous push of emotions, profits have been huge, and chip fragmentation is severe, leading to high-level stagnation. AGIX has fallen sharply, and A-share Hanwang Technology has opened low, announcing the end of the AI market. However, in the eyes of the profit funds in this round of market, the market is still on fire. Themes are important, but sometimes the timing of themes is even more important. Rumors have it that the US SEC hopes to cancel retail investors' cryptocurrency pledges in the US, and there are market rumors that the US regulatory authorities will launch a heavy attack on the cryptocurrency market. The reasons and logic behind this policy are not discussed for the time being. At the market level, where there is danger, there is opportunity. If CEX pledges are negative, then LSD (liquidity pledge derivatives) is positive. Let's sort out the relevant currencies in the LSD sector below.
"2023 Week 7 Financing Selection, Arbitrum Ecological Games Lead"
Last week, there were a total of 19 financing deals covering various fields such as GameFi, NFT, and social media, with a total amount exceeding 129 million US dollars and an average financing amount of 15.5 million US dollars. Among them, the infrastructure sector accounted for the majority, while the financing amount for NFT increased significantly, and the digital asset management/payment sector decreased significantly.
《Arbitrum is going to issue coins? These ecological coins are all rising》
With the expectation of Token issuance, the Arbitrum ecosystem has recently become the biggest hot spot of market attention, and many project Tokens within the ecosystem have seen significant increases. What projects are currently being discussed in the community? Where are they positioned in terms of their layout? This article provides a brief overview of these topics.
《GRAIL 两周 5 倍，还有新项目将上线这个 Arbitrum 的 DEX 黑马》 translates to ""GRAIL up 5 times in two weeks, and a new project will be launched on this Arbitrum DEX dark horse"."
Following GMX, the Arbitrum ecosystem has welcomed another hot DEX protocol, Camelot. Unlike GMX, Camelot focuses more on guiding liquidity for new projects, showing greater imagination and building a fast lane for the flourishing development of the Arbitrum ecosystem. With the increasing popularity of the Arbitrum ecosystem, the native token of Camelot has also risen all the way and will launch multiple new projects and protocols in the near future. What are the innovative mechanisms of Camelot? What are the projects worth paying attention to in the ecosystem recently?
"Learn Bitcoin Ordinal NFT Casting Tutorial and Prepare for the Next One"
Recently, the Bitcoin ecological protocol Ordinal has been very popular, mainly due to the wealth effect. After all, it's hard not to be tempted when you see a Punk buying a btc at a very low cost. However, I believe that many people are not as proficient in using the Bitcoin network as they are in using Ethereum. BlockBeats has gone through the process and shared the tutorial with everyone. Although the Bitcoin Punk mint has ended this time, this kind of learning is definitely useful. Everyone can prepare for the next mint and try it out during the next mint.
"Bitcoin NFT 'Pioneering Time': Ordinals Protocol, FOMO and Debate"
On January 21st, Casey Rodarmor, a core contributor to Bitcoin, released version 0.4.0 of the Ordinals protocol, officially bringing NFTs to the Bitcoin mainnet. As of now, approximately 9,000 NFTs have been minted on the Bitcoin mainnet through the Ordinals protocol. Will Bitcoin NFTs become the new "hotspot" in the NFT market?
《InfinityPools: Is the 1000x leveraged non-liquidation perpetual contract a reality?》
Although "don't touch the contract" is a well-known old saying in the encryption field, we have to admit that leverage is currently one of the biggest driving forces for the growth of the encryption market, especially in the last bull market. In fact, the use of leverage is not entirely a bad thing when all risks are effectively controlled. InfinityPools, developed by Lemma Labs, solves the liquidation risk of perpetual contracts. By allowing all positions in the protocol to be perfectly closed, traders can add unlimited leverage to any asset without counterparty risk.
"A Guide to the Projects Worth Paying Attention to on Canto"
Recently, Canto, an L1 public chain based on Cosmos, has attracted much attention. With CANTO breaking through $0.48 (a historical high) and Canto TVL surpassing $200 million (another historical high), the Canto ecosystem has entered an upward phase. BlockBeats has compiled the following list of Canto ecosystem projects.
"Can you short NFTs with leverage now? A review of the NFT perpetual contract market with nftperp"
BitMEX launched perpetual contracts on May 13, 2016, using innovative funding rates to keep the price of spot and contract as consistent as possible, unlocking the opportunity to go long/short with leverage of up to 100x. Its emergence has forever changed the cryptocurrency and entire financial industry. In fact, many of NFTFi's innovations are inspired by DeFi: for example, the first NFT AMM project sudoswap references uniswap v3 AMM's centralized liquidity solution, and the leading lending protocol in the pair pool lending protocol is based on Aave's lending protocol. With the perpetual contracts of the DeFi market as a reference, the perpetual contract platform nftperp for leveraged long/short NFTs has arrived.
"From 0 to 5 ETH, Toei Animation, the maker of One Piece, enters the NFT market with 'Daikichi!'"
Recently, a NFT project named DenDekaDen has been dominating the Japanese NFT trading volume chart for the past month since its launch at the beginning of the year. Established Japanese NFT projects such as CryptoNinja and Murakami Flower NFT have fallen behind. DenDekaDen has announced a strategic partnership with Toei Animation, the oldest animation production company in Japan, further breaking new ground. What exactly is DenDekaDen, which is known as the "future of Japanese NFT"?
"Mutual Fist Bumping" DeFi Project Announces Collaboration Team, Will Old-School DeFi Make a Move?"
Recently, multiple DeFi projects have released "fist bump" images with their own project color backgrounds on their official social media accounts, causing the market to speculate on the next "big move" in DeFi. "Arbitrum token launch" and "DeFi project alliance formation" are two of the most popular speculations. On February 6th, with the updates from various project official accounts, the dust settled on this matter. This event was a "one-on-one" social collaboration experiment announcement released by multiple mainstream DeFi projects. Two project parties formed a group, and multiple groups conducted experiments simultaneously. Specific details have not been revealed yet, and the future may see the public release of collaboration content details. Therefore, this "DeFi project collaboration" is worth continuous attention.
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