Top Picks of the Week | JPEX Controversy Escalates, Julian Cheung Assists in Investigation at Hong Kong Police Headquarters; Shanghai Hosts International Blockchain Week

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.

JPEX Controversy

15 Celebrities Involved in JPEX Case: KOLs Cold-bloodedly Hype Murder Case and Scatter Cash in City Center for Traffic

KOLs' false propaganda has finally been punished by the law. Recently, the JPEX case has further escalated, with the Hong Kong police arresting 6 people, including KOLs Lin Zuo and Chen Yi, on suspicion of "conspiracy to commit fraud."

First Criminal Case in Hong Kong's Crypto Circle: What Crime Should JPEX Be Charged With?

Today, the Sa Jie team delves deep into the past and present of the JPEX exchange and various violations, illegal activities, and even suspected criminal operations, enumerating "JPEX's crimes."

FTX Redux? JPEX "Embezzles" User Assets, Deeply Involved in High-Value Fraud Case

JPEX is deeply embroiled in a high-value fraud case, and KOLs are facing imprisonment.

Macro Perspective

Full Text of Xiao Feng's Opening Speech at Wanchain Summit: The Next Three Years Are a Critical Moment for Large-Scale Application

Web3.0 not only covers technology, but also involves innovative business models, organizational forms, economic mechanisms, and financial models. We have invited experts, developers, and practitioners from all walks of life to share their insights and bring value to the participants.

Xiao Feng's Closing Speech at Wanchain Summit: Web3.0 Will Forge the 2.0 Version of Hong Kong's International Financial Center

Xiao Feng, Chairman of Wanchain, delivered a closing speech at the event titled "Web3.0 and the Hong Kong Special Administrative Region's Virtual Asset Policy Declaration." The following text is based on shorthand notes from the event, with minor deletions that do not affect the original meaning.

AMA with Shenyu Community: Over a Decade in Crypto Industry, Only Human Nature Is Hard to Fathom

From a young graduate to more than a decade in the industry, I have experienced many tests of human nature and witnessed many people's ups and downs. Therefore, I now believe more than ever that we should not challenge human nature.

Fed Pauses Rate Hike as Bitcoin Barely Holds $27,000

On the afternoon of September 20th, Eastern Time, the Federal Reserve announced that it would maintain interest rates at their current levels. This decision marks the second pause in rate hikes since they began in March 2022, in line with market expectations.

Seizing Opportunities

Overview of 12 Incubation Projects in the Sixth Season of Binance Labs

Binance Labs announced 12 incubation projects in the sixth season, including infrastructure, DeFi, AI-driven DApps, and GameFi/SocialFi.

Banana Gun Research Report: How Did This "Sniper Rifle" Rise to the Top of the TG BOT Queue?

The latest and hottest TG track project, Banana Gun, skyrocketed 10 times at the start! Let's explore with World Chain Research!

Liquid Restaked Token (LRT): LSD Leverage Lego, a New Ponzi Token Economic Script**

Like any financial leverage mechanism, liquid restaked tokens also bring risks. Essentially, we are stacking leverage, similar to the early days of DeFi, making the system more susceptible to market fluctuations and system failures.

Interest-Bearing Stablecoins: Market Landscape, Potential Risks, and Improvement Opportunities**

Interest-bearing stablecoins are a type of stablecoin that provides investment returns to holders simply by holding assets.

Web3 Insights

Behind the Shutdown of PolkaWorld, the Chinese Community of Polkadot: Funding, Governance, and Community Struggles**

After the proposal for funding was rejected, the Chinese community PolkaWorld announced its shutdown, sparking controversy over governance and fund allocation in the Polkadot ecosystem.

Understanding Holesky in One Article: The First Proof-of-Stake Testnet After Ethereum's Merge**

As the Ethereum testnet Goerli exits the stage of history, Holesky takes over. What makes this proof-of-stake testnet special?

Nai Xue Tea's Co-branded IP with Jay Chou Backfires, Exposing the Dilemma Behind the Metaverse**

How many users can "Fantasy Music Universe" retain? The approach of opening up the user market through cross-border co-branding is good, but issues such as user experience, sustainable gameplay, and value realization are all tests that explorers must go through.

Exclusive Interview with Hong Kong Legislative Council Member Dennis Kwok: Only Trust Licensed Exchanges, with Policy Gap of One or Two Years Compared to Singapore**

In an interview with PANews, Council Member Dennis Kwok elaborated on his views on Hong Kong in the digital asset era, including the future of Web3, policy orientation, the potential of the Hong Kong dollar stablecoin, and the risks of trading platforms. He emphasized that despite facing challenges, Hong Kong still has enormous potential for development in this field.

The Rebirth of TON: Rekindling the Relationship with Telegram, 800 Million Users May Realize Large-Scale Application of Web3**

The TON Foundation and Telegram have officially announced their partnership, launching the self-hosted encrypted wallet TON Space for users. Does this truly mark the end of the love-hate relationship between the two? We can also look forward to the effects of 800 million users going mainstream in the future.

Cryptocurrency Mars in the Eyes of Paradigm: Speculation, Pioneer, and Gambling Tables on the Blockchain**

Many critics see it as a barren and worthless planet, even considering it nothing more than a dirty gambling den. However, optimists see the potential of this untapped land: a place to build more advanced financial systems and internet platforms.

Linda Xie's Scalar Capital Ceases Investment, Crypto Funds in Difficult Times?

After 6 years of operation, the crypto fund Scalar Capital officially closes; under regulatory pressure in the United States, fund financing becomes increasingly difficult.

Digging into NFT Whale Holdings: Everyone Making Money and Showing Off, Except for the Big Brother Getting Beaten Up

Unlike the other 19 largest NFT whales, Huang Licheng is the only whale with losses, estimated to have a total loss of 6776 ETH.

Tech Trends

Reviewing Solana's Technical Mechanism: The Core Reason It Wasn't Killed by Ethereum?

Recently, MakerDAO said Solana's codebase is good, and Visa also announced a pilot collaboration with Solana. Solana's TVL and other data metrics have also warmed up significantly. Is Solana about to experience a resurgence? How should we interpret this?

Interview with Celestia Co-founder: Without Celestia, Ethereum Cannot Scale Rollup

This article interviews Celestia's co-founder and COO Nick White, exploring the relationship between Celestia and Ethereum, as well as the story behind Celestia.

Eclipse Mainnet: Modular Layer2 with Ethereum Security and Solana Speed

L2 has the incredible ability to leverage Ethereum's network effects and settlement guarantees, while experimenting with the best new execution environment. Eclipse Mainnet is the natural realization of this vision.

Can Restaking Prevent MEV Theft? Exploring the New Use Case of EigenLayer Restaking: MEV-Boost+

Can restaking be used to prevent MEV theft and ensure the atomicity of blocks?