Weekly Selection | Hong Kong Web3 Carnival Review; Uniswap Faces Regulatory Risks; BRC20 Market Warms Up, Symbol Stones and Wooden Monkey Attract Attention

Editor's Note from PANews: PANews has selected high-quality content from the past week to help everyone catch up during the weekend. Click on the titles to read more.

Hong Kong Web3 Carnival

Full Text of Dr. Xiao Feng's Speech: "Embracing the '1995 Moment' of Web3"

Dr. Xiao Feng believes that Web3 is about to embrace its "1995 moment" and comprehensively analyzes the framework and timing of this moment.

Summary of Short Essays from the Hong Kong Web3 Event: VCs Are Less Welcome, CKB Becomes a "Hot Cake"

This article summarizes some short essays on the X platform, hoping to spark more thoughts on Web3 in the eyes of the participants.

Is the Future of Hong Kong's Finance Dependent on Cryptocurrency?

In recent years, those in the cryptocurrency circle know that Hong Kong has begun to embrace cryptocurrency. However, what they may not know is that traditional finance in Hong Kong has not been doing well in recent years.

Keynote Speech by Vitalik Buterin at the Hong Kong Web3 Summit: Rapid Development of Protocols in the Past 10 Years, but Facing Efficiency and Security Issues

During the 2024 Hong Kong Web3 Carnival, Vitalik Buterin, the co-founder of Ethereum, delivered a keynote speech titled "Reaching the Limits of Protocol Design" at the "Web3 Scholars Summit 2024" hosted by DRK Lab.

Short Essays from the Hong Kong Web3 Conference: We Are in the Early Bull Market, and the Main Upward Wave Has Not Yet Arrived

From the lively atmosphere of the conference, it can be inferred that the market is in the early stages of a bull market. There is a strong sense of participation, but not quite FOMO yet.

Regulatory Risks Faced by Uniswap

Uniswap Receives Wells Notice from the U.S. SEC, Another Heavy Blow from Regulation?

Uniswap's headquarters in the U.S. is about to face a "trench warfare."

SEC's Pre-Suit Notice to Uniswap: The Core Value of Web3 and the Ideological Struggle in Cyberspace

The SEC's pre-suit notice to Uniswap reflects the uniqueness of the core value of Web3, leading to an ideological struggle in Cyberspace that will become increasingly frequent.

Receiving Wells Notice from the SEC, Token Dividend Plan Suspended, Can Uniswap "Spend Money to Avoid Disaster"?

The UNI dividend plan has been forced to pause.

Combining Uniswap Labs' Response Article, Why It's Said That the Lawsuit Filed by the SEC Is Unwinnable?

This article will combine Uniswap Labs' response to the SEC and its relatively compliant governance structure to explain why it's said that the SEC has filed a lawsuit that cannot be won.

Macro Perspective

Analysis of Q1 2024 Crypto VC Data: Where Is the Capital Flowing?

In Q1 2024, cryptocurrency venture capital presents a positive trend, including increased overall investment, Series A surpassing seed rounds, top investors being optimistic, and the rise in rankings of blockchain projects Solana and Arbitrum, with new projects entering the market.

Q1 Report of Solana: Memecoin Boom Drives New User Growth, Financing Amount Increases to $89.2 Million

Following a strong performance in 2023, Solana continues to grow in 2024. The average daily new paying users increased by 266% to 115,000.

Observation of Global Web3 Virtual Asset Industry Regulatory Policies and Events in Q1 2024

This article will review the regulatory and hot events of global Web3 virtual assets in Q1 2024, covering the historic approval of BTC ETF, the regulatory enforcement of KuCoin and its founder, BlackRock's tokenized fund BUIDL, the EU's new regulations on non-custodial wallets for anti-money laundering, and Hong Kong's comprehensive move towards virtual asset compliance.

[Ahead of the Heavy CPI Release, BTC "Drops in Advance"]](https://www.panewslab.com/en/articledetails/c3sfprms.html)

The recent macro environment in the U.S. is oscillating between hopes for a perfect soft landing and concerns about resurging inflation, forcing monetary policy to adopt a more hawkish stance. Currently, market sentiment seems to be leaning towards a bearish direction.

Nine VCs Discuss Cryptocurrency Financing in the First Quarter: Emerging from the Doldrums, but Not as Strong as the Previous Bull Market

The current state of cryptocurrency financing is between the fervor of 2021 and 2022 and the downturn of last year.

Bitcoin Ecosystem

On the Eve of the Launch of the Runes Protocol, a Comprehensive Review of 22 Notable Rune Projects

PANews has compiled a list of 22 popular projects in the Rune track, covering NFTs, infrastructure, DeFi, and trading markets.

As the "Puppet Monkey Empire" Rises, BRC-20 Ecosystem Meme Coin PUPS Emerges as a New Star

The BRC20-based puppet monkey token PUPS in the Bitcoin ecosystem has surged by 1101% in the past week, reaching $44.56, while other BRC20 tokens such as WZRD, W☮, ZBIT, and $π have also experienced significant price increases, driving up trading volume.

Starting from the Laser Eyes MEME, Why Did the Bitcoin-Generated Art NFT Blob Surge 4.8 Times in 4 Days?

Blob's strong surge is attributed to its inherent MEME effect, a luxurious team lineup, and unique technological innovation.

Feeling Good, Launched by GeniiData, a Well-Known Bitcoin Ecosystem Tool Website, Why Is It Said to Be a Blue Chip Project?

With the Bitcoin halving approaching, are you Feeling Good?

Latest BTC Ecosystem Research Report: Programming Potential, Asset Issuance, and Economic Ecosystem

Bitcoin, a niche digital currency since its inception in 2009, has reached a significant milestone in becoming a mainstream asset class with the launch of the Bitcoin spot ETF in 2023.

For more related content, please see the topic: "Beyond Digital Gold: BRC-20 and Inscriptions, Opening a New Chapter for Bitcoin"

Seizing Opportunities

Taking Over the MEME Heat, A Look at the Top 10 Popular NFTs in the Base Ecosystem

This article from PANews lists 10 NFT projects with high market heat on Base, with overall market values all below $10 million and most projects having a short time since launch.

New Meme "Casino"? Understanding Solana's Largest Meme Launch Platform Pump.fun in One Article

The world of memes is always entertaining. Recently, a platform with "fun" in its domain name—Pump.fun—has attracted attention in the crypto community. Even professional poker player Tom Dwan mentioned Pump.fun in a tweet, hinting at his interest in the platform's gambling entertainment.

Listed on Coinbase's Roadmap, Detailed Explanation of Solana's Decentralized Storage Platform ShdwDrive

With the increasing popularity of the Solana ecosystem and the positive news of being listed on Coinbase, the decentralized storage network ShdwDrive is beginning to attract more attention.

Inventory of 14 Potential Projects Set to Launch Coins in Q2 2024

Historically, new tokens perform much better than old tokens during bull markets.

With the Conference Approaching, How to Prepare for the Upcoming Sui Ecosystem Airdrop Season?

Sui Basecamp will be held in Paris this week. Which Sui projects have hinted at airdrops, and how can one participate?

Has the Era of Fully Homomorphic Encryption Narratives Arrived? Overview of the Views of the Founders of Three Popular FHE Projects

Zama believes that FHE has a lot of potential in blockchain applications, emphasizing the role of FHE in artificial intelligence, which will have a broader impact in the future.

Web3 Insights

Karak, a Middle Eastern Restaking Project with a Valuation of 1 Billion, Faces Community Doubt Despite Its Lavish Financing Background

On February 28, Karak announced the launch of an early access program, allowing users to restake and earn XP points on Karak, but the response was mediocre. On April 8, a private channel was opened, and as of April 9, Karak's total value locked (TVL) was $100 million, a level of TVL that seems incongruent with its lavish endorsements, leading to continuous questioning on social media.

Blast Ecosystem Lending Protocol Pac Finance Caught in "Liquidation" Controversy, Brother Project ParaSpace Previously Experienced Internal Strife

Another issue has arisen in the Blast ecosystem protocol. On the evening of April 11, users discovered a large amount of ezETH liquidation on the lending protocol Pac Finance, involving an amount of $24 million. The official response stated that the accidental change in the liquidation threshold of Pac Finance was caused by the actions of a smart contract engineer without prior notification to the team.

Multiple Ecosystem Projects Encounter Operational Obstacles or Delayed Launches, When Will Solana's Battle Against Congestion End?

Solana's validators and developers are working together to find a solution to the congestion.

XRP Payment Functionality Is Weakening, Can Stablecoins Redeem Ripple?

Blockchain service company and creator of the XRP Ledger, Ripple, announced the launch of a stablecoin pegged to the U.S. dollar, officially entering the stablecoin market with a market size exceeding $150 billion.

With a Thousandfold Increase in Two Weeks, Is the 314 Protocol a Technological Innovation or a Popular Meme?

Will the 314 protocol be the next ERC-721?

Entering the TOP10 in Market Cap, What Factors Catalyzed TON's Intense Surge?

Compared to early March, the number of wallets on The Open Network has doubled, and the total value locked (TVL) has increased sixfold.

Technical Style

Core Rollup Technology, Opening a New Chapter in BTC Layer 2 Development

Starting from Bitcoin's scaling solutions, an attempt to outline what a Rollup-centric Bitcoin version should look like, with the core focus on ensuring the value and security of BTC migrate to Rollup.

Analyzing the 3 Design Paradigms of the Full-Chain Game Engines Mud, Dojo, and Zypher

Lattice's implementation paradigm has advantages in EVM compatibility and developer friendliness. Dojo Game is tailored to the development environment and ecological specificity of Starknet. Zypher chooses to utilize modular DA, RiscZero Zk coprocessors, and the native digital-physical properties of Bitcoin UTXO to achieve a solution with trustlessness, scalability, and performance elasticity.

Will BitVM Bring the Dawn of Programmability to Bitcoin?

BitVM is a computational paradigm that leverages the Taproot upgrade to enable Turing-complete contracts on Bitcoin without altering the network's consensus rules.

In-Depth Analysis of the Success Factors and Death Spiral Risks of Ethena

The success of Ethena as a CeFi product lies in providing short liquidity for perpetual contract markets on centralized exchanges, but caution is needed regarding the design of death spiral risks in its mechanism.