Weekly Selection | Hong Kong approves BTC, ETH spot ETFs; Cryptocurrency market bloodbath due to geopolitical disturbances; Runes speculation frenzy begins

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

Cryptocurrency Market Bloodbath

Longs Suffering from Bloodbath, Margin Market Witnessing the Largest Liquidation in Nearly Two Years, How Will the Cryptocurrency Market Perform in the Aftermath?

Last weekend, due to the escalation of the Iran-Israel conflict and the expectation of interest rate cuts, the cryptocurrency market suffered a severe setback, with a massive wave of liquidation. At the same time, with the halving of Bitcoin's supply about to materialize, what will be the future trend?

Market Plunge, Longs Defeated, Which Assets Are Suitable for Bottom Fishing?

Bottom fishing is underway, with 5 types of tokens for reference.

Longs Suffering from Bloodbath, Is It Time to Bottom Fish? Let's See What the "Big Shots" Have to Say

In the following article, we will take stock of the key players on both the long and short sides and their main statements, hoping to help everyone make the right moves in the future market.

Replay of the 414 Plunge: Which of the 257 Tokens Are Most Resilient and Which Rebound the Strongest?

PoW tokens are relatively resilient, with tokens like TIA and BEAMX showing strong price rebounds.

Runes Speculation Craze

NFT "Veteran" CyberKongz Enters the Rune Market, Pre-Runes Gameplay Gains Attention with Hidden Risks

The Ethereum blue-chip NFT project CyberKongz recently announced the launch of the Pre-Runes series Prometheans on the Bitcoin network and airdrop to CyberKongz holders and the Ordinals community. At the same time, the Pre-Runes gameplay is becoming increasingly popular and is becoming a focus for fund deployment due to the strong mining expectations.

Amid the Pre-Mining Craze of Bitcoin Runes Tokens, How Much Can Early Participants Earn?

With the Bitcoin halving approaching, another group of people is making a fortune.

Parallel to the "Halving," Decrypting the Runes: Native Homogeneous Tokens on Bitcoin

As a meta-protocol, the Runes protocol itself is not a token. As Casey said in the podcast, this is "where people create shitcoins on Bitcoin."

How to Participate in Minting the First Rune Token?

The first Rune token is about to be minted. Should you set up a full node yourself or rely on the platform to mint it for you?

Rune Craze Is Coming, 7 Bitcoin NFT Projects Worth Watching

The more well-known "Rune" projects have already risen to relatively high positions, such as Runestone, Rune Pups, and RSIC. Here, we summarize some recent developments of Ordinals new projects worth paying attention to.

Macro Perspective

Q1 On-Chain Report: Surge in Stablecoin Activity, Rapid Expansion of Layer2, Significant Growth in Chain Game Users

The daily active addresses in DeFi increased by 291% compared to the previous period, and the daily active addresses in Web3 games increased by 155%, reaching a peak of 747,000.

Viewpoint: Three Major Changes in the Virtual Asset Market After the South Korean National Assembly Elections

The listing of a Bitcoin ETF in South Korea, the potential shaking of the oligopoly position of the Upbit exchange, and the possibility of a new era for the South Korean cryptocurrency market.

Exclusive Interview with Shenyu: Main Incremental Funds Entering from ETFs, This Bull Market May Not Have an Altcoin Season

This article will discuss Shenyu's understanding of the industry cycle. In addition, with the Bitcoin halving approaching, Shenyu shares how changes in the mining landscape will affect the market. Interestingly, he also shares his current investment mindset.

Interpreting the Bitcoin High-Altitude Waterfall from On-Chain Data and Derivatives Market Perspectives: Is It a Bull Market Adjustment or a Cycle Change?

The fundamentals of Bitcoin continue to improve. In a long-term bull market, pullbacks help clear out leverage and short-sighted speculators.

Review of Cryptocurrency Game Investments: Emerging from the Bear Market Gloom, Primary Market Cautiously Optimistic

Investments mainly focused on Web3 games and infrastructure indicate that the industry is in a period of fundamental construction aimed at enriching the Web3 game ecosystem.

Bitcoin Ecosystem

Merlin Airdrop Scale Reaches $730 Million, the Ratio of Points to Tokens is Approximately 68:1, Staking Returns Estimate Most Assets May Not Outperform the Market

Overall, the results of staking on Merlin are not optimistic. Except for BTC, which has a comprehensive yield of 82.25%, outperforming the highest spot returns during this period, other assets do not outperform holding spot and selling at the peak.

Blast on Bitcoin? Interpreting the $21 Million Financing of L2 Mezo

Mezo adopts the "Proof of HODL" consensus mechanism, where users protect the network by locking BTC and MEZO tokens and verifying transactions through CometBFT consensus.

Conversation with Babylon Co-Founder Fisher Yu: "EigenLayer" on Bitcoin, How to Unlock the Liquidity of 21 Million BTC through Restking?

"Bitcoin + Babylon" can be seen as "Ethereum + EigenLayer." Since Bitcoin does not support smart contracts, Babylon needs to do the hardest step from 0 to 1 more than EigenLayer.

Binance Report: Highlights of the BounceBit Project and Token Economic Model

BounceBit has built a BTC re-staking infrastructure to provide a base layer for various re-staking products. Through the CeFi + DeFi framework, BounceBit enables BTC holders to earn income from multiple sources.

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

Seizing Opportunities

Data Review of the 12th Binance Launchpool: BNB or FDUSD? How to Choose Short and Long Term Strategies?

In the short term, FDUSD has a higher yield and risk resistance; BNB mining is suitable for long-term holders who do not engage in short-term trading.

Introduction to Decentralized Derivatives Trading Platform SynFutures and Airdrop Interaction Tutorial

SynFutures is a decentralized derivatives trading platform founded in 2021 and is currently one of the most active decentralized perpetual contract exchanges in Web3. It is also one of the few unaudited projects in the top ten derivatives rankings by Defillama.

Concept Wizards and Marionette Monkeys in the Graph Coin Soar Against the Trend, Is the Third Wave of BTC Inscriptions Coming?

This article will review and analyze the "past and present" of the concept of graph coins combined with wizards and marionette monkeys.

Which Assets to Pick Up After This Major Drop? Review of 11 Potential Players in Various Tracks

It's important to subtract, and the purpose of this list is not for you to buy all these coins. I hope everyone can combine my sharing with their own thoughts to select assets for long-term holding and short-term trading.

Web3 Highlights

From $100 to $1 Billion, Exploring the Trading Insights and Holdings of Legendary Trader GCR

When trading volume > market cap, it usually indicates that the uptrend is in its final stage. Profit tokens with leverage, sell off losing tokens quickly.

Super Artificial Intelligence Alliance ASI to Launch in Late May, Three Tokens Merged for Arbitrage Space, Valuation Reaches Up to $7.5 Billion After Merger

The token merger proposal of SingularityNET, Fetch.ai, and Ocean Protocol has been approved by the community, and the Super Artificial Intelligence Alliance (ASI) will officially launch in May this year.

Interview with Saga Co-Founder Rebecca: Ecological Explosion Expected in August, How to Inject Vitality into Chain Games?

Regardless of how roles change, Rebecca's career focus has always been on development economics, especially helping innovative infrastructure in developing countries. This service-oriented approach is not only the starting point for the modular blockchain Saga but also the foundation for ecological prosperity.

Flocking into the L2 Track, How Will World Chain Achieve a Win-Win with Optimism Super Chain?

Why did Worldcoin choose to independently build a blockchain and enter the somewhat crowded L2 track?

1intro LBP Launches and Plunges 10x: Community Suffers, Only KOLs Benefit

Clearly, 1intro is facing a barrage of negative information.

Safe, Custodian of $850 Billion in Assets, Initiates Airdrop, Overview of Its Token Economics and Ecosystem

Cryptocurrencies worth $850 billion are currently stored in Safe, including over $750 million ETH from Vitalik.

Interview with TON Foundation Chairman Steve Yun: Ecosystem Prosperity Requires Bottom-Up Innovation, Gaining Users through Product Strength

TON doesn't need to regain 500 million users but to convert Mini app users on Telegram into on-chain users. For us, the focus is on creating better products that embody the spirit of Web3 while providing a Web2-like product experience. This is the foundation for the large-scale application of Web3.

Tech Trends

Detailed Explanation of Omni Network: Fragmented Unification with Rollup

Binance's latest launchpool project Omni Network has started mining. What is the project about and what is its potential? Let's explore together.

Quick Look at Layer3 Project Olive Network in the Re-Staking Track, Using Eigen DA to Achieve Data Availability

Olive Network is an Ethereum Layer 3 chain built using the Arbitrum Orbit technology stack, claiming to achieve first-class speed and performance (average block time is about 0.26 seconds). By using Eigen DA to achieve data availability and utilizing Arbitrum L2 as the settlement layer, Olive claims to reduce costs by 1000 times.

Omnichain: Writing Cross-Chain Rules into Smart Contracts?

With the increasing number of public chains and layer2 chains, the demand for cross-chain assets and Dapps is also increasing. Cross-chain bridges are a common solution, but Omnichain, represented by Zetachain, has taken a completely different approach. This article explains how Omnichain writes cross-chain rules into smart contracts to achieve decentralized cross-chain interoperability using Zetachain as an example.

Thousand-word Technical Essay: Will ZK Replace Modular Stacks?

Modularity and zero-knowledge proofs are two major trends driving the development of blockchain technology.