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 over the weekend. Click on the titles to read more.
Extra! Extra! PANews Launches Global LEAP Tour!
South Korea, Singapore, Shanghai, and Taipei will come together from September to December to witness a new chapter in globalization!
?Multiple events are being organized in various locations, welcome to communicate!
PayPal Issues Stablecoin
Breaking News: US "Alipay" PayPal issues stablecoin, compliance regulation, massive funds to follow?
On August 7th, payment giant PayPal announced the launch of the PayPal USD (PYUSD), becoming the first mainstream financial services company to use cryptocurrency for payments and transfers.
Compared to other stablecoin projects, PYUSD has the regulatory compliance advantage of the banking system, and user assets will be protected from bankruptcy. However, at this stage, PYUSD still has a long way to go to break the stablecoin market competition.
PYUSD: A Stablecoin in Name, a Tech Giant's Version of CBDC in Reality?
This article will explore what PYUSD and its implications for the future of blockchain mean.
With Financial Giant PayPal Entering, Is the Stablecoin Battle Reaching a Turning Point?
PayPal's PYUSD is the first stablecoin issued by a "non-cryptocurrency" company. It represents a general shift in corporate attitudes towards stablecoins and a belief in the future acceptance of upcoming policies.
Onslaught of Entire Chain Games
The Golden Key of Entire Chain Games: Arcade Accounts
What exactly is an arcade account? What is its operating principle?
If the purpose of a game is only to satisfy the "audience" with a "high-definition" and "full sensory content" to pass the time, then it is worth developing in that direction. However, if we hope for a game that is more inclined towards "innovation," "freedom," "liberation," and "reality," a game with revolutionary significance, then high-definition content is not so important. What is more important is "coolness," the skill of leaving blank spaces to ensure authenticity and interactivity.
As time arrives in 2023, the concepts of entire chain games and AW are making a comeback, "telling the story of blockchain with chain games again." Is it a new bottle for old wine or a rebirth from the ashes?
Analysis of the Core of Entire Chain Games: MUD Engine and World Engine
From a broader perspective, with the improvement of infrastructure, not only games but also the construction and realization of various complex ideas will be carried out through MUD, and will be integrated with more complex Rollup solutions. Perhaps the new paradigm of blockchain will start from entire chain games.
Macro Perspective
This report will estimate the share of the total market value of cryptocurrencies and the valuation of new assets under the premise of BTC reaching $100,000, in order to simulate, preview, and refer to the industry reshuffle in the next week.
Detailed Explanation of Web3 Policies Since the Release of the "Declaration" in Hong Kong
Up to now, the policies in the declaration have been implemented one by one. Over the past 10 months, various regulatory and other departments have gradually implemented the policies. After the financial center, Hong Kong may soon become the global center of Web 3.0.
Profile of Arthur Hayes: From Financial Genius to Crypto Madman
This article, combined with multiple sources, humorously narrates Hayes's career story. It is clear that his excellent educational background, bold and meticulous thinking, value of pursuing high-risk high-return, and adventurous and rebellious personality have shaped Hayes today.
Seizing Opportunities
Understanding Circle's Programmable Web3 Wallet in 10 Sentences
Circle announced the launch of a programmable Web3 wallet, the first product in its Web3 service product line, designed specifically for developers to embed secure encrypted wallets into any application.
Layerzero Airdrop Coming Soon? Everything You Need to Know About $ZRO (with Tutorial)
Recently, there has been increasing buzz about the Layerzero airdrop. This article, based on various potential bases and internal logic observed by Web3CN, compiles relevant information about the Layerzero airdrop.
SSV Starts Limited Launch, DVT Moves into Practicality
On August 8th, ssv.network detailed the information of the mainnet verification operator (VO) to complement its new workflow after entering the limited launch phase on August 1st. 20 mainnet verification operators will truly participate in the node operation of SSV, marking a step closer to a truly practical DVT cluster.
Bored Apes Meet Mech Battles, What to Expect from Animoca's Chain Game Wreck League
In collaboration with Yuga Labs, Animoca co-founder Yat Siu sets up a personal prize pool and may personally participate in the combat game Wreck League. What makes it special?
Summarizing 10 Recent Projects Worth Paying Attention to: DeFi, DEX, Games, and On-chain Tools
The author has selected 10 innovative projects worth paying attention to, including DEX, games, and on-chain tools. In addition to DeFi innovative projects, there are also two insurance projects worth paying attention to: a BTC-backed life insurance project and a platform providing insurance for pegged assets.
In simple terms, as a decentralized social platform, friend.tech allows users to purchase shares of any user on friend.tech through the Ethereum of the Base chain, enabling them to have the right to communicate directly with them and the possibility of profiting from it, in a way strongly linked to Twitter (now renamed X).
Web3 Insights
"All or Nothing" Gains Popularity, Blockchain Gets "Darker"
"All or Nothing" gains popularity, how to break the label of "cryptocurrency = fraud"?
After the Price "Soars," What's Next for YGG After "Diving"?
YGG, in the midst of a bear market, has achieved little, and the recent surge can only be described as a "bloodbath" in the secondary market caused by the lack of liquidity due to the launch of contracts and concentrated chip movement. Under the long and short double kill, the beneficiaries are likely to be institutions.
Unopposed Proposal: MakerDAO Raises DSR to 8%, What Are the Pros and Cons for the Protocol?
The enhanced DAI deposit interest rate scheme proposed by MakerDAO co-founder Rune has been implemented. Understand the background, process, and impact of this scheme.
Researcher Aleksandar inferred from the Binance reserve proof that after the Silicon Valley bank collapsed, CZ withdrew the US dollar reserves and bought BTC, ETH, and USDT, avoiding a collapse of the crypto market.
In-Depth Study: Can Algorand, a Public Chain Focusing on Developers and Marketing, Revive?
The pure proof-of-stake blockchain Algorand has changed its focus from a technical approach to including marketing and developers as key development directions. Can Algorand become a top-tier public chain in the future?
What other related addresses does nd4.eth have? How much assets are still at risk of being burned? And what is the true identity behind nd4.eth? Is it really as simple as being betrayed by a girlfriend as rumored online?
POW Track Turns Red, Boosting Dynex; Price Soars Tenfold Amid Multiple Community Doubts
Leveraging the AI trend, the emerging POW star Dynex has attracted attention due to its tenfold increase, but it has also begun to face multiple doubts from the crypto community, with negative news such as founder fraud and white paper plagiarism continuously emerging.
NFT Insights
“1000 Fans Can Support a KOL,” Why is NFT the Best Medium to Achieve This Theory?
(Music) NFT is the perfect representation of "work + fan relationship" and integrates "work + fan rights + social identity" into one, with low barriers for creators to issue, making it a better target for user support.
BAYC July Data Report: What Achievements Did the Number One NFT Brand Deliver in the Cold Winter?
In this report, we will explore the data from various dimensions of the Yuga ecosystem, including news and upcoming events from Yuga Labs, data analysis of BAYC and ApeCoin, holder trends, highest sales, lending situations, and game economy.
“Fat Penguin” CEO Refutes “NFT is a Money-Making Tool”: 6 Key Points for NFT Development
In this article, Luca Netz systematically explains the importance of brand commercialization for NFT projects from six perspectives, including how profits will ultimately flow to NFT holders through the "funnel" model, and why some blue-chip NFT projects will gradually return to zero by combining supply and demand relationships.
Technical Insights
Analysis of BOLD Verification Protocol: How to Make Arbitrum More Decentralized?
BOLD achieves the best latency boundary in confirming results and linearly limits the work required by the honest party in the face of the adversary's confiscation of interests.
Using Tornado.Cash as an Example to Reveal the Scalability Attacks of zk-SNARK Projects
In this article, we will use the Tornado.Cash project as an example, modify some of its circuits and code, introduce the process of scalability attacks, and the corresponding preventive measures in the project, hoping to draw attention from other zk-SNARK projects.
Exploring Bitcoin Rollups: The Best Scaling Solution?
In this article, we will focus on another solution for Bitcoin scaling: Rollups. Compared to the Lightning Network and sidechains, Rollups have the potential to improve the scalability, privacy, and programmability of Bitcoin without sacrificing its core value and functionality as a peer-to-peer electronic cash system.
In this article, we explore the construction of specialized blockchain infrastructure aimed at promoting voting activities based on MACI.
Key Information
Court Rules Lending Bitcoin Carries Own Risk if Not Returned
SFC: Some Unlicensed Virtual Asset Trading Platforms Using Improper Business Practices
Sei Network: Mainnet Includes Sei Airdrop and Incentivized Testnet Rewards
PANews APP Points Mall Officially Launched, PT Points Can Be Redeemed for Prizes
US July Unadjusted CPI Annual Rate Recorded 3.2%, First Acceleration Since June 2022
Coinbase's Base Mainnet Officially Open to the Public
Binance Labs Invests $5 Million to Purchase CRV and Supports Curve Deployment on BNB Chain
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