BlockBeats will organize the key industry news content of the week (10.28-11.3) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.

Important News Review

Russia lifts ban on Bitcoin mining and plans to build mining and artificial intelligence facilities in BRICS countries

On October 31, Nico Smid, founder of Digital Mining Solutions, said that Russia plans to build Bitcoin mining and artificial intelligence computing facilities in BRICS countries, and other countries may follow suit and use underutilized energy to mine Bitcoin. The Russian sovereign wealth fund is working with Russian data center operator BitRiver to implement the project, which may enable BRICS countries to settle global trade in Bitcoin - an alternative to a basket of local currencies and gold as a currency support plan.

Russia lifted the ban on Bitcoin mining on November 1, but not without restrictions. It requires all Bitcoin miners to register with the Russian Federal Tax Registry and submit a list of machine models and wallet addresses. Alen Makhmetov, founder of Hashlabs Mining, said, "The lifting of the Bitcoin mining ban is not guaranteed to be smooth sailing. Russia is currently facing rising electricity costs and a depreciating ruble. Russia is no longer a country with abundant, low-cost hydroelectric power - electricity is becoming more and more expensive due to excessive demand and a depreciating ruble."

CZ appeared on the main stage of Binance Blockchain Week, his first public appearance since his release; and hinted that a bull market will come in 2025

On October 31, CZ attended the main venue of Binance Blockchain Week in Dubai for a Q&A session, which was his first public appearance since his release. In an interview, CZ said that he could not predict the future, but he could analyze history. Historically, Bitcoin has experienced a very clear four-year cycle. 2013 and 2017 were bull markets. But in fact, 2012 was the "year of recovery", and many people did not trace it back that far. 2016 was also a "year of recovery", and 2017 soared all the way. 2020 is also a "year of recovery", and 2021 is a bull market. So based on the existing analysis, 2024 should also be a "year of recovery". As for what will happen next year, it is not clear, but in the long run, CZ himself is still very optimistic about the entire industry. Related reading: "(Full text) CZ first appeared after being released from prison to talk about prison life and future: Education takes time, and I have plenty now"

This week, the US election is approaching, and the market is volatile; the open interest of Bitcoin contracts on the entire network hits a record high

On October 30, Bitcoin rose to a high of $73,650, just 0.2% away from the new high. But in the following days, perhaps due to the uncertainty of the US election, the price of Bitcoin fell back and once fell below $69,000. On October 31, according to Coinglass data, the open interest of Bitcoin futures contracts on the entire network was 598,700 BTC (about $43.326 billion), a surge of $2.326 billion in a single day, a record high. Among them, the open positions of CME Bitcoin contracts are 172,300 BTC (about 12.445 billion US dollars), ranking first; the open positions of Binance Bitcoin contracts are 127,000 BTC (about 9.194 billion US dollars), ranking second.

Justin Sun's Ethereum position has lost $90.2 million this year

On October 30, according to information provided by Scopescan, the suspected Justin Sun address has bought a total of 186,110 ETH (worth $590.24 million) on Binance and 1inch this year, and only sold 10,000 ETH, with an average holding price of $3,100. Calculated at the current price of Ethereum, his Ethereum position has lost about $88 million. In addition, the address deposited 30,000 Ethereum (worth $115 million) to Kelp, which is now worth $79 million. (Considered as spot loss); the address used a total of 32,000 stETH to purchase PT-pufETH on Pendle, which was converted into 3,900 pufETH and 28,000 eETH, with a total loss of $3.48 million; in addition, the address received 97,000 PUFFER and 297,240 EIGEN through airdrops, making a profit of $1.268 million. In summary, the Ethereum position suspected to be Justin Sun this year has brought him a floating loss of $90.2 million.

Top influencer MrBeast is under investigation for potential insider trading, with more than 50 crypto wallets making a total profit of more than $23 million

On October 30, it was reported that top influencer MrBeast was under investigation for his connection to more than 50 crypto wallets related to potential insider trading, which made a total profit of more than $23 million.

CZ is worth 135 billion yuan, ranking 16th on the Hurun Rich List and second on the annual wealth growth list

On October 29, the latest "2024 Hengchang Shaofang Hurun Rich List" released by Hurun Research Institute showed that former Binance CEO CZ ranked 16th on the list with a wealth of 135 billion yuan. Although he paid more than 7 billion US dollars in fines due to judicial settlements in the past year, his personal wealth increased by 90 billion yuan compared with last year, ranking second on the annual wealth growth list, thanks to the rise in Bitcoin prices and the growth in cryptocurrency trading volume.

Musk called for DOGE several times this week and said that Trump and DOGE would solve the problem of illegal entry into the United States

On October 29, DOGE broke through $0.16 as Musk posted a picture with Dogecoin Shiba Inu elements on X on the 28th, with a 24-hour increase of 11.02%. On October 31, Musk posted on social media: "Our system is upside down, making it difficult for highly qualified people to enter the United States legally, while criminals can easily enter the United States illegally. Why is it easier to enter the country illegally than legally? Trump and DOGE will solve this problem."

Meme trading tool ABOT announced that it will gradually shut down its business

On October 31, the Meme trading tool ABOT announced that it will gradually shut down its business. The specific arrangements are as follows: the service fee will be reduced to 0; the Meme function will be removed from the shelves on January 1, 2025; non-meme functions will be removed from the shelves and the website will be closed on January 7, 2025; new function development will continue until December 31, and real-time problem response will continue before the website is closed.

The rune MEMENTO•MORI etched by Casey Rodarmor, the founder of Ordinals protocol, has been airdropped

On October 31, according to mempool data, the rune "MEMENTO•MORI" etched by Casey Rodarmor, the founder of Ordinals, has been airdropped at the Bitcoin block height of 868113. Related reading: "The founder of Ordinals protocol has released a new rune. Is it in line with expectations? 》

Tether Q3 net profit is $2.5 billion, holding more than $100 billion in U.S. Treasuries

On November 1, according to the latest Q3 report released by Tether, Tether Q3 net profit was $2.5 billion (the full year has reached $7.7 billion), of which about $1.3 billion of profit came from gains on U.S. Treasuries, and another $1.1 billion was attributed to the unrealized appreciation of gold held in the company's reserves. The published financial report shows that the company's direct and indirect exposure to Treasury bonds (including holdings of money market funds and reverse repurchase agreements) exceeds $102 billion. Among its reserve assets, it also holds $5 billion worth of gold and $4.8 billion in Bitcoin (BTC). Related reading: "Tether Q3 profit hits a new high: USDT demand surges; net profit of $2.5 billion from gold and US bonds"

MicroStrategy plans to raise $42 billion in the next three years to buy more Bitcoin

On October 31, MicroStrategy announced its third-quarter 2024 financial results. As of the end of the third quarter, the company held 252,220 BTC, with a BTC yield of 17.8% year-to-date. The company also announced a $42 billion capital plan. The announcement stated that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds in the next three years, and use additional capital to purchase more Bitcoin as a financial reserve asset in order to achieve higher BTC returns. Related reading: "Interpretation of MSTR's latest financial report: Currently holding more than 250,000 BTC; $42 billion will be raised in three years for increased holdings"

Coinbase launches Based Agent to support the creation of AI agents with crypto wallet functions

On October 26, Coinbase launched a new tool "Based Agent". The tool allows users to create AI agents with crypto wallet functions within 3 minutes, which can perform multiple tasks such as on-chain transactions, token swaps and pledges. Coinbase developer Lincoln Murr said that the template was developed based on the Coinbase SDK, OpenAI and Replit platforms, and users only need the API key and OpenAI key of the Coinbase developer project to use it. Coinbase CEO Brian Armstrong has recently actively promoted the application of AI agents in the encryption field. On October 23, he publicly provided an independent crypto wallet for the AI chatbot Truth Terminal. In addition, James Ross, founder of Mode Network, predicted that by April 2025, more than 80% of blockchain transactions may be executed by AI agents. Related reading: "Coinbase launches "Based Agent", which can create AI agents in 3 minutes", "800 million US dollars is the end? Then you haven't understood the AI meme", "Farcaster will rely on AI Agent to make a comeback? Three ecological trends worth paying attention to"

Ethena Labs: No unlocked team or investor tokens have been staked as sENA for rewards

On October 28, according to official news, Ethena Labs stated, “We understand that there are questions circulating on Discord and X about whether investors or the Ethena team have earned Ethereal rewards for sENA by locking tokens. We hereby clearly confirm to the community that absolutely no locked team or investor tokens have been staked as sENA to earn any rewards, including Ethereal. A section will be added to the user interface this week to clarify the total sENA eligibility for future airdrops, which also does not include unallocated sENA in the Liquifi contract, so that users are clearer.” Related reading: "The Ethena team suffered a "credibility" crisis. Using 180 million ENA to earn Sats is intended to dilute rewards? 》

DWF Labs dismisses partner accused of attempted rape and reappoints a female partner to the position

On October 29, X user @hananotsorry posted on social media that he was in danger when contacting a DWF Labs partner, accusing the partner of drugging and raping the client, and was rescued after being informed by the relevant restaurant service staff. The former DWF Labs partner who was "suspected of attempted rape" has cancelled the X account. Subsequently, DWF Labs issued an announcement stating that a partner of the agency was accused of inappropriate and unacceptable behavior. During the investigation of the matter, DWF Labs has decided to immediately dismiss the management and operations of the above-mentioned partner.

The next day, DWF Labs announced that Lingling Jiang, a female business development partner, would serve as the head of business development strategy, replacing the partner who was previously accused of attempted rape, and would be responsible for strategic initiatives and relationship management for business development. For the past two years, Lingling Jiang has served as a business development partner at DWF Labs and has served as head of sales for the Asia region.

Vitalik slams Ethereum critics with "wartime state"

On October 28, according to Kaito AI data cited by Andy, the host of the crypto show The Rollup, Ethereum co-founder Vitalik Buterin, who is in a "wartime state", topped the list of "opinion leader mind share" in the past seven days with 1.69%, followed by Helius Labs CEO Mert Mumtaz, with 1.18%. Buterin recently published a long article on the X platform defending the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism, achieve low fees, transaction confirmations in less than 30 seconds, the privacy features of zero-knowledge proofs, and keep the network running without interruption since 2016. He also called on critics to "give some respect." When asked why the Ethereum Foundation did not use all ETH for staking to cover costs through income instead of selling, Buterin explained that the Ethereum Foundation wanted to avoid being forced to make an "official choice" in the event of a controversial hard fork. Related reading: "Vitalik turns on the "pre-war mode" and frequently interacts to respond to community doubts"

Wang Feng: He suggested that Bluehole Interactive invest in Bitcoin in 2019 and was threatened with prosecution by shareholders

On October 31, Wang Feng, the founder of Bluehole Interactive, wrote a post recalling, "Seeing the news that MicroStrategy plans to raise $42 billion to buy Bitcoin in the next three years, I remembered the regrettable past." In 2019, he proposed that the company invest $20 million to buy Bitcoin (the price was less than $6,000 per coin at the time), but was strongly opposed by board members and a major shareholder representative and threatened to sue. MicroStrategy only started buying Bitcoin on a large scale in 2020, and if Bluehole Interactive can implement the investment plan in 2019, it may make considerable profits. According to Wang Feng, the company had about 2 billion yuan in cash on its books in 2019.

Bitcoin white paper has been published for 16 years; Trump tweeted to celebrate

On October 31, it has been 16 years since Satoshi Nakamoto published the Bitcoin white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on the P2P foundation website. The Bitcoin network was officially launched on January 3, 2009, and the initial trading price of Bitcoin was $0.0008. Today, Bitcoin has gradually appreciated by more than 90 million times since its launch. On November 1, Trump posted on social media to celebrate the 16th anniversary of the Bitcoin white paper, and canvassed for himself that (crypto supporters) would end Harris' war on cryptocurrency, and Bitcoin would be made in the United States, and hoped that everyone would vote for him.

Consensys and dYdX Trading announced 20% and 35% layoffs

On October 29, Consensys, the developer of the crypto wallet MetaMask, announced a 20% layoff, involving approximately 160 employees. The company's founder and CEO Joe Lubin announced the news in a blog post. He attributed the layoffs to macroeconomic headwinds and legal expenses from the company's long-term battle with regulators.

On October 30, according to the official announcement, dYdX Trading has laid off 35% of its core team members. CEO and co-founder Antonio Juliano said in a blog post: "The decision was made because we realized that the company we built is different from the company dYdX must become. We will move forward with a clear mind and a new passion. We will create amazing works."

Phantom wallet suffered a major backend incident this week, possibly due to Grass airdrop

On October 28, Solana wallet Phantom suffered a serious backend downtime problem after the Grass airdrop event went online, and the service was down for about 2 hours. In the early morning of October 29, Phantom posted that the service for most users has now resumed normal operation, and the team will continue to actively monitor the situation and is taking all necessary measures to prevent such problems from happening again in the future.

Immutable received a Wells notice from the U.S. SEC and may face enforcement action

On November 1, Immutable said that the company received a Wells notice from the U.S. SEC last month and may face enforcement action. The regulator also sent a letter to the company's CEO James Ferguson and the Digital Worlds Foundation, which helped issue Immutable's IMX token, detailing alleged violations of securities laws. Perhaps affected by this, IMX fell more than 12% in a short period of time, temporarily reporting $1.149 as of press time.

Privacy blockchain project Nillion completed $25 million in financing, led by Hack VC

On October 30, the privacy blockchain project Nillion completed $25 million in financing, led by Hack VC, and supported by Arbitrum, Worldcoin and Sei. Nillion's partners include blockchain networks NEAR, Aptos, Arbitrum, Ritual, etc. Nillion tries to attract projects that are at the intersection of blockchain and AI, which need to share and store large amounts of data securely.

Mindao: Solana's extremely commercialized meme issuance lacks a moat, and I don't think it can subvert Ethereum

On October 31, Mindao, the founder of DeFi protocol dForce, posted on his social platform to discuss whether Solana will subvert Ethereum. Mindao said that SOL now looks very much like the grand occasion of the Ethereum ICO era in 2017. SOL has also experienced a huge turning point in its revival (the collapse of FTX was SOL's The DAO event), and has truly established a self-circulating self-investment system. It is the third to establish a strong OG self-investment ecosystem after Bitcoin and Ethereum. The difference is that Ethereum's ICO is a large-scale infrastructure movement for Ethereum, and the core DeFi infrastructure we are using now is basically from the ICO era. Now, SOL’s meme trading is a highly commercialized track, lacking a moat, and will soon spill over to other chains. It cannot provide SOL with infrastructure financing (even the handling fees of pump do not flow back to SOL). Mindao finally said, “I have never worried that Ethereum’s performance is worse than other upstarts, but if one day it becomes uncool, ungeeky, and undetached, that is what really worries people. Therefore, I don’t think SOL will flip ETH, after all, Ethereum is still pretty cool now.” Related reading: 《The Journey from “ETH maxis to SOL maxis”》

20 hacker attacks occurred in the crypto field in October, causing a loss of $88.47 million

On November 1, according to a document published by Paidun, there were 20 hacker attacks in the crypto field in October 2024, causing a loss of about $88.47 million. The top 5 hacker attacks include: RadiantCapital: $53 million (bridged to Ethereum); US government seized funds: $20 million (returned); Eigenlayer: $5.7 million (money laundered to HitBTC, Bybit); TapiocaFoundation: $4.7 million (BNBChain); SUNRAYFINANCE: $2.86 million (BNBChain).

Trump family crypto project WLFI plans to issue stablecoins

On October 29, sources said that the Trump family cryptocurrency project World Liberty Financial (WLFI) plans to issue stablecoins. World Liberty Financial recently raised $14 million in its first token sale. It plans to create and issue its own stablecoin, which is still under development and may take some time to launch.

Hot articles this week

《(Full text) CZ first appeared after being released from prison to talk about prison life and the future: Education takes time, and I have plenty now》

The biggest expectation of this Binance Blockchain Week is finally here. Changpeng Zhao (CZ), the founder of Binance, who just finished 4 months in prison, appeared at the main venue and talked about prison life, Binance, educational projects, and AI. This was also CZ's first appearance after being released from prison. After paying a $4.3 billion fine and spending 4 months in prison in the United States, CZ, who paid a huge price for freedom, looked chill, and his arm lines were more obvious than before. On the road to Bitcoin's record high of $70,000 this year, we can hear CZ's voice again after about a year, which is also a very good last day of Uptober.

《He Yi talks about Binance's vision and financial freedom; calls for Wall Street and cryptocurrency to prosper together》

On the first day of Binance Blockchain Week 2024, a fireside chat that is highly anticipated by global industry professionals will serve as the closing session of the first day. Binance co-founder He Yi and CoinMarketCap's Alice Liu will have an in-depth dialogue to discuss their vision for the future of Web3. The theme is "Driving Momentum: He Yi on Binance's Vision".

《80% of trading volume comes from Rug funds: Behind the new high activity of Base chain, the shocking truth about Uniswap liquidity》

Base is becoming a shining star in the EVM field, but according to Dune data analyst jpn memelord, Uniswap's trading volume on the Base platform seems to be booming, but a large number of transactions are driven by repeatedly rugged capital pools. This seems to confirm some community views that there are many "big cuts" on Base. What is the real data? BlockBeats combined with jpn memelord's research to sort it out.

"a16z co-founded the platform, the market value increased from zero to 80 million US dollars in one day, and AI investment DAO took over the meme hype wave?

On the weekend of October 27, another meme project ai16z, which was covered with the "a16z concept", attracted widespread attention from the market. The market value hit 80 million US dollars in just one day. Like GOAT, it not only ignited the hype enthusiasm of degens, but also excited many investors. The DAOS.FUN behind it opened up the community's imagination of "AI investment DAO".

《800 million US dollars is the end? Then you haven't understood AI meme》
Half a year ago, most of the Crypto AI projects on the market were concepts related to traditional AI technology, such as AI+DePIN and computing power leasing, but now, Crypto AI projects have taken a different approach. From the AI Bot token GOAT, which has a market value of 800 million US dollars without Binance's participation, to AI16Z's AI investment DAO model last weekend, AI seems to have opened up a new world for the old narrative of the currency circle. However, the simple narrative of "AI issuing meme" does not seem to be able to support the huge imagination space required by investors. Therefore, from the AI meme craze to the current AI Agent craze, the narrative and main battlefield of AI + Crypto are evolving rapidly, throwing off all those who do not understand the AI meme trend.

《A million-dollar fortune that saw the light of day 11 years later: How did 43 bitcoins get back? 》

In 2022, a Spanish man named Michael was troubled by a problem. As early as 2013, he bought 43 bitcoins, which were not yet popular at the time, for a total price of $5,300. He then deposited these coins into an electronic wallet, and in order to prevent theft, he used a password software to generate a 20-digit random password. He cleverly pasted this long string of passwords into a separate document so that no one could see the purpose of the password. He also set a password for the document and encrypted it. Unexpectedly, Michael eventually fell into his own hands - the encrypted document with his password was broken for no reason and could not be opened at all...

《When MBTI meets blockchain: Can your personality help you make a lot of money? 》

What is your MBTI? Recently, we asked Bitget to help contact hundreds of users to infer their trading preferences based on their personalities, and try to find the relationship between personality and trading. Unexpectedly, type I introverts accounted for 76% of the cryptocurrency circle, and extroverts accounted for only 24%. INTJ accounted for the highest proportion, reaching 18%, INFP, ISTP and INFJ accounted for the second, third and fourth respectively, and there was another personality that was not collected in this sample. In the interview, we involved trading style, risk preference, this year's income, and even designed scenarios to see what decisions they would make in specific scenarios.

《Arthur Hayes' new article: Come on Bitcoin, huge liquidity is on the way! 》
This article mainly expresses that the Chinese government stimulates the economy through quantitative easing and promoting credit growth, but its effects will take time to show. At present, domestic investors mostly choose to buy undervalued stocks and real estate, and have not yet flocked to Bitcoin. But as policies are gradually implemented, the market may turn to Bitcoin to protect assets. If demand increases sharply, the price of Bitcoin may rise sharply.

《The strategy of "issuing bonds to buy coins" has not changed, why did the MSTR premium suddenly soar? 》

In the past few days, both the U.S. stock market and the crypto market have been blinded by MSTR. In the latest wave of Bitcoin, MSTR not only took the lead in the rise, but also continued to increase its premium to Bitcoin for a period of time afterwards, and its price also soared from $120 a week or two ago to the current $247. For the surge in MSTR, most people in the market still interpret it as "leveraged Bitcoin". However, this does not seem to explain why MSTR's premium suddenly soared when the fundamentals of "issuing bonds to buy coins" remained unchanged. After all, MicroStrategy has been buying coins for so many years, and has never seen such a premium increase. In fact, the recent surge in MSTR premium, in addition to "issuing bonds to buy coins", is also due to another secret weapon of MicroStrategy, which not only has a huge impact on the fundamentals of MSTR, but is even called MicroStrategy's "unlimited money printing machine" by many analysts, making MSTR "more valuable the more it is sold."

《Intraday increase of 1000%+? Perp DEX is on the eve of liquidity explosion》

Recently, Hyperliquid's upcoming TGE has made many people pay attention to the Perp DEX track again. In the last cycle, Perp DEX's performance was unsatisfactory and failed to become the "on-chain liquidity star" as expected. However, since the end of last year and the beginning of this year, Perp DEX protocols such as Hyperliquid, Drift, Surf, and Orderly have emerged one after another, and the old leader dYdX has become active again. With the rapid rise of the meme track, the power of on-chain liquidity has further helped the Perp DEX market to open up a new situation.

《Review of the Sotheby's Vice President "Sitting on the Bank" Meme: A Banana Picture Brings a Market Value of Tens of Millions of Dollars》

On October 28, a meme $Ban with a banana artwork auctioned by Sotheby's as its target broke out from a group of AI themes and had a market value of nearly 20 million US dollars within 24 hours of its launch. Is this a momentary impulse of the conspiracy group or a new hype target chosen by the market? We have compiled some information to help you quickly understand the journey of this magical banana.

《Detailed explanation of ETH on-chain data: Poor performance in this round of market, when will it rebound? 》

Since the new round of bull market cycle, the price of Ethereum has been performing poorly. Recently, due to the frequent sale of coins by the Ethereum Foundation, Ethereum has been pushed to the forefront again and again, and the community is full of FUD voices. On-chain data analyst Murphy conducted a rigorous and in-depth analysis of Ethereum's on-chain data on X. He answered the three most concerned questions of community users: "Why did ETH perform so poorly in this round, is there still hope for ETH, and under what circumstances can ETH rebound?"

《Vitalik turns on "pre-war mode" and frequently interacts to respond to community doubts》

Recently, Ethereum and the Ethereum Foundation have been criticized a lot. The price of ETH has been mediocre this year. The market is dissatisfied with the frequent selling of ETH by the Ethereum Foundation. For this reason, Vitalik Buterin recently wrote a long article on the X platform to defend the Ethereum Foundation's regular sale of ETH.

《Three times in one month, why did RAY rise so sharply?》

This article mainly talks about Raydium's position and advantages on the Solana blockchain, especially its dominance in meme coin transactions. The article also analyzes Raydium's growth strategy, liquidity management, repurchase mechanism, etc., and explains how these mechanisms help Raydium stay ahead in the Solana ecosystem.

《Spending $1,000 a day, 5% acceptance rate, revealing the fresh experience of Network School》

As an attempt at the concept of "network country", Balaji launched the first three-month innovative school called "The Network School" near Singapore, dedicated to providing development opportunities for "Dark Talent" (young talents who are on the margins and have not been noticed by the mainstream world) from all over the world. The Network School will focus on four core directions: "Learn", "Burn", "Earn" and "Fun". At present, "The Network School" has attracted innovative individuals from all over the world, with 150 students.

《On the eve of the storm, Trump is "full of fighting spirit"》

As the 2024 US presidential election approaches, the global capital market, the crypto industry, and the US financial circle are in a state of high tension. The confrontation between Trump and Harris is not just a contest between candidates. Behind it are the fluctuations of a series of conceptual assets, the bets of political "fat cats", and the violent reaction of the cryptocurrency market. The crypto industry is more obvious in its choice of side with Trump. The amount of donations from the crypto industry to the 2024 US election has reached 94 million US dollars, a record high. At the same time, the core capital forces of the crypto industry, such as the well-known venture capital institution Andreessen Horowitz (a16z) and the crypto trading platform Coinbase, have also shown their absolute support for the Republican candidate.

《The Unknown Dark Side: Uncovering the Market Manipulation Methods in Web3》

Web3.0 market and traditional financial market are derived from the same financial logic, so they are also subject to market manipulation. Many manipulation methods that plague stocks and other financial products, such as wash sales, panic creation, and pump and dump, also appear in the Web3.0 market. It is worth noting that due to the decentralized nature of the Web3.0 market and the lack of regulatory rules, these manipulation behaviors are more likely to succeed. Manipulators are behind the scenes and use a variety of means to manipulate prices for their own profit.

《Capital Turns, Is Value Investment Finally Coming Back? 》

This article points out that the current speculative atmosphere in the market may seem empty, but the market is moving in a fundamentally driven direction, and real projects are beginning to trade at reasonable valuations. Venture capital returns may shrink, and funds will flow to the public market to support emerging winners. Market changes take time to appear, and investors should follow the trend and seize the opportunity to own a basic digital platform.

《Ordinals Protocol founder issued a new rune, is it in line with expectations? 》

If you know about the Runes protocol, you should know that Rune 0 "UNCOMMON•GOODS", which is the first rune to be etched (deployed) after the Runes protocol went online, was created by Casey. However, this rune is "limited in time and unlimited in quantity", and the casting period is as long as 4 years, which makes it difficult to form short-term speculation space. But last week, Casey etched a new rune called "MEMENTO•MORI" on the inscription 0, with a total of 100 million (100,000 copies). Half of the total amount has been airdropped at Bitcoin block height 868113. The airdrop targets users who subscribe to the Bitcoin podcast "Hell Money" and submit the airdrop address. The podcast is co-hosted by Casey and Erin Redwing.

《Ethena team suffered a "credibility" crisis, using 180 million ENA to earn Sats to dilute rewards? 》

As a CeDeFi project, Ethena is largely a black box in nature. Users have no choice but to believe the numbers released by the Ethena team. No one really knows how much revenue and staking income Ethena has earned from its $2.6 billion user fund, or whether all the income has been passed to SUSDe holders. Although it is crucial for a protocol like Ethena to establish solid trust with users, the team's past performance has run counter to this concept.

《Farcaster is going to rely on AI Agent to make a comeback? Three Ecological Trends Worth Watching

This article explores the development of AI agents on the Farcaster platform and their potential impact. AI agents such as Aether are beginning to play stakeholders in the community, driving funding allocation and cooperation, and forming an economic feedback loop. At the same time, agents can establish influence networks based on social and financial history and become powerful community managers. As the amount of funds under management increases, agents will face new challenges in trust and accountability, and new evaluation frameworks may be needed to enhance their credibility.

《The shadow of huge unlocking lingers. Can $80 million OTC save TIA?》

TIA will unlock about 176 million tokens at 20:00 on October 30, accounting for 80.13% of the current circulation, equivalent to about US$900 million. According to Coinglass data, the total TIA contract holdings are close to a record high. Celestia has attracted market attention with its active OTC trading in this round of crypto cycle, especially its upcoming massive unlocking has brought new volatility opportunities to the market. This article explores in depth the key dynamics of OTC trading and changes in investor behavior during TIA's early bull market to today's violent fluctuations. With a large number of unlocks about to start, supply shocks, discount reductions, and adjustments to funding rates may bring an unprecedented "unlocking effect" to the $TIA market.

《Binance Blockchain Week Opens, How to Participate in the 12 Forward-Looking Projects It Announces? 》

Binance Blockchain Week recently announced 12 forward-looking projects that have shown potential and innovation in modularization, re-staking, DeFi, Layer 2 and other fields, and will be promoted at the conference. As one of the world's largest Web3 events, the developments of Binance Blockchain Week are worth paying attention to. This article will introduce these 12 projects one by one for your reference.

《Unlocking is dumping? In-depth interpretation of the incentive misalignment in the crypto industry》

This article discusses the incentive misalignment problem in the cryptocurrency industry, pointing out that many market participants ignore the long-term success of projects for short-term gains, resulting in improper allocation of capital and resources and weakening the credibility of the industry. To solve this problem, the article recommends increasing transparency, strengthening self-regulation, optimizing token attribution design, and promoting sustainable development of the industry by setting clear project goals and incentive mechanisms.

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