Weekly Selection | Bitcoin Flash Drops 7% on Monday, Over $4.5 Billion Long Positions Liquidated; Inscription Heat Reaches New Heights

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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.

Bitcoin Ecosystem

Veda Protocol Indefinitely Postponed: Ordinals "Vulnerability" Controversy Sparks Bitcoin Community Debate

On December 10th, Ordinals expansion protocol Veda announced that its launch will be indefinitely postponed due to force majeure, and Veda-core and Veda-bvm will be open-sourced.

Rune Inscriptions Becoming a New Market Trend? True or False Runes Protocol Sparks Rune Speculation

Recently, the Bitcoin runic project Rune Alpha has sparked community controversy due to a clarification by Ordinals founder Casey Rodarmor, while the concept of runes on Bitcoin and Ethereum has also been speculated due to the vulnerability attack wave in the runic inscriptions.

Understanding Bitcoin Ordinals in Three Minutes: A Concise Bitcoin Asset Issuance Protocol

Runes aims to solve the inefficiency of BRC-20.

Decoding the Current Development Status of Bitmap, the Largest Metaverse Project in the Bitcoin Ecosystem

This article explains the current development status of Bitmap, the largest metaverse project in the Bitcoin ecosystem.

Understanding BitSmiley, the Stablecoin Protocol in the Bitcoin Ecosystem, in One Article

BitSmiley is the MakerDAO+Compound of the Bitcoin ecosystem, providing a comprehensive solution for Bitcoin DeFi, filling the most missing "stablecoin" + "lending" infrastructure in the current Bitcoin ecosystem.

Macro Perspective

3.5 Billion USD Long Liquidation, BTC Flash Crash Nearly 7%: Normal Correction or End of Bull Market?

The overall market suddenly declined today, with no adverse news at the information level, and the overall market sentiment is positive. One possible reason is the recent significant upward trend in the market, which has caused a sharp increase in long sentiment and triggered a market correction.

Don't Panic, My Friend, We're Still in the Early Bull Market

Reject FOMO sentiment: Data reveals that the market is still in the early stages of a bull market, and the altcoin season has not yet arrived.

Last Federal Reserve Interest Rate Decision of 2023 Approaching, Bitcoin Consolidates Waiting for Rate Cut Signal

Tuesday's U.S. inflation data met expectations, which may be good news for cryptocurrency prices.

Seizing Opportunities

Synthetix Proposal Ends Inflation: Reshaping SNX Stakers' Rights, Potentially Becoming a Deflationary Blue Chip Project

The end of inflation for SNX means a redistribution of rights between stakers and ordinary token holders, and after the deployment of the Andromeda version on Base, 50% of the income may be used to repurchase and burn SNX to achieve deflation.

New Projects like Jito Raise Airdrop Expectations, Listing 4 Potential Airdrop Projects and Interaction Strategies

Airdrops of projects like JTO have once again heated up Solana, but potential airdrop projects are not limited to Solana.

Investment Guide for "Trash Altcoins": Seizing Opportunities with Hotspots

In the last bull market, I started with $1,000 and reached $130,000 in 6 months. I didn't rely on Bitcoin and Ethereum to achieve such a high return, but through some small-cap tokens. Their market value is very low, so you don't need a lot of capital.

Fusionist: A Sci-Fi Mecha-Style Blockchain Game Developed by Senior Gamers

With a complete worldview and excellent sci-fi mecha style, Fusionist has attracted high attention from the community since its announcement, with 699,000 followers on Twitter and over 1.15 million members on Discord, making it very popular.

A Review of Recent DePIN Projects Worth Paying Attention to

This issue's weekly selection covers the period from December 1st to December 15th, totaling 9 DePIN projects.

Web3 Insights

Unveiling the "Rise to Wealth" of DWF Labs: Investing in 470 Projects in 16 Months, Attracting Customers through Pumping

In its short 16-month history, DWF has invested in 470 projects and has established partnerships with approximately 35% of the projects in the top 1000 by market capitalization. This article interviews 16 of DWF's clients, potential clients, and individuals familiar with the company's operations, analyzing 10 proposals and contracts received by DWF's clients and potential clients, as well as their communication.

Behind the "Riot" in the Starknet Community: Batch Airdrops Stir Dissatisfaction, Accused of "Bias" towards Developers

StarkNet's token issuance is imminent, but airdrops have caused trouble. How does the community view this airdrop?

Resurgence of Blockchain Games, Former Titans Axie and STEPN in What "New Life"?

With the rise of new blockchain games like Big Time and Fusionist, the landscape of blockchain gaming is being rewritten, and Axie and STEPN need more immediate means to secure their industry position.

Highlights of the AMA with He Yi, Binance's New CEO: Inscription Trading, Listing Principles, SEC Lawsuit, etc.

For future development, He Yi stated that Binance's incubation efforts will increase tenfold, hoping to incubate entrepreneurs with a truly long-term vision, not those who just want to make a quick profit. He Yi also expressed belief that the next market peak will occur next year or the year after.

From Bodhi's Explosive Popularity, Discussing Content Incentives, Public Goods, and Permanent Storage

This article will briefly discuss the significance of Bodhi and the common problems facing current content production.

Solana Staking Market Analysis: The Four Leaders in the Liquidity Staking Field

Comparison of the staking volume, yield, governance token performance, and application in DeFi of Marinade, Jito, BlazeStake, and Lido in the Solana liquidity staking race.

Summary of the Latest Ethereum Core Developers Meeting: Goerli Shadow Fork Before Year-End and Testing of Cancun/Deneb Upgrade

This is the 124th ACDC conference call, covering updates on Devnet #12, progress on the Cancun/Deneb upgrade, and issues related to Slashable information dissemination.

Binance's "Success Aesthetics": Achieving Ultimate Efficiency with Simple Tools

From 0 to 3 trillion USD, all you may need is a Telegram group chat and Google Docs.

NFT Insights

Behind the Sharp Rise in Prices of Several Leading NFTs, Introducing the "Golden Shovel" Gameplay through Ecosystem Project Airdrops

Recently, projects like Cosmos, Solana, and Aptos are using airdrops to turn leading NFTs into shovel-type projects, directly driving price surges and gaining more market attention.

Riding the Wave, Latest Investment Guide for Solana NFTs

This article lists the top NFT projects on Solana worth paying attention to, as well as potential stocks with good recent growth.

November NFT Dynamics: Trading Volume Increases, Blur Strengthens Position

The NFT market saw a sharp increase in trading volume in November, but the number of buyers decreased; Blur expanded its lead.

Tech Trends

Interpreting the P2Pool Model for Full-Chain Game Matching Mechanism

The success of DeFi not only involves the technical innovation of "putting financial rules on the chain" but also requires complementary innovations in operation and token economics. In the full-chain game race, we can also extend the game matching mechanism from the previous P2P to P2Pool, and even extend the concept of a liquidity pool to full-chain games.

Interpreting ERC-3643: Token Standard for Real-World Assets (RWA)

ERC-3643 changes people's perception of tangible assets, trading real estate tokens, or transferring value, with the goal of eliminating or breaking down existing traditional barriers, especially the boundaries between the real world and blockchain platforms.

Metis DAO Research Report: Exploring Decentralized Sorters, Adopting the Hybrid Rollups Approach for Layer2

MetisDAO is an open framework built on a second-layer protocol for creating, managing, and developing decentralized autonomous companies (DAC). It distinguishes DAC from DAO, describing DAC as a subclass of DAO. DAO mainly focuses on governance issues, while DAC is specifically designed to address the daily operation and management issues of projects.

Vitalik: Exploring Various "Built-in ZK-EVM" Version Types and Design Challenges

This article will introduce several possible "built-in ZK-EVM" versions, discuss trade-offs and design challenges, and reasons for not adopting specific directions. The benefits of implementing protocol features should be balanced with the benefits of leaving things to the ecosystem and keeping the base protocol simple.

Key Information

Binance Lists BRC-20 Token Sats (1000SATS)

Bitcoin Inscriptions Added to U.S. National Vulnerability Database

Sushi CTO Warns: Do Not Interact with Any dApps, and Suspected Suspicious Code in Ledger

Binance's Cryptocurrency Trading Market Share Drops to Around 30%

BlackRock Meets with U.S. SEC for the Third Time to Discuss Bitcoin Spot ETF

Franklin Templeton Meets with U.S. SEC to Discuss Bitcoin Spot ETF

U.S. to Introduce First Edition of Cryptocurrency Accounting Standards, to be Measured at Fair Value

U.S. CFTC Chairman Claims Most Cryptocurrencies Are Commodities, Acknowledges Ongoing Battle with SEC for Regulatory Authority in the Crypto Space

LayerZero Releases V2 Version Overview, Mainnet Expected to Launch in January Next Year

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