Weekly Selection | CZ is in trouble, receiving support from all sides; Continuous FUD in the community after the launch of Runes; Intense long and short game in the short-term market

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.

CZ in Trouble, Support from All Sides

US Department of Justice's "Reversal" May Increase Zhao Changpeng's Imprisonment to 3 Years? Defense Documents Reveal a Touching Side

If nothing unexpected happens, Zhao Changpeng's sentencing will take place on April 30th at the Western District Federal Court in Seattle. Previously, bankrupt FTX founder SBF was sentenced to 25 years in prison, but unlike SBF, Zhao Changpeng has agreed to pay a huge amount in compensation, so a settlement is very likely to be reached in the end.

He Yi: Honorable Judge, Please Allow Me to Show You a More Realistic Zhao Changpeng

"It is a sense of responsibility that led him to face the trial, but he should absolutely not be regarded as being in the same category as those evil murderers, robbers, and fraudsters. For CZ, whether poor or rich, he takes charity seriously and fulfills social responsibilities because he is kind and has a humanitarian spirit."

Husband, Student, Father, Entrepreneur: The Multi-faceted CZ Presented in a 350-page Court Letter

The letter reveals that CZ explained to his son that he is coming to the United States to admit his mistakes.

161 Letters of Support for CZ, Can They Move the US Judge?

The sentencing hearing on April 30th is just around the corner. US prosecutors have recommended that the court sentence Binance co-founder Zhao Changpeng (CZ) to 36 months in prison for violating the Bank Secrecy Act, which is twice the previously expected 18-month sentence. Following this, 161 letters of support for CZ were released online, dominating social media.

Runes Goes Live

Rune Craze Begins, Listing 8 Potential Runes

The Bitcoin ecosystem is still in its early stages, with Bitcoin ETFs, halving, L2 chains, and BRC-20 all shaping the future.

Runes Protocol Goes Live, Will the Subsequent Market Trend be Bullish or Bearish?

The real opportunity comes after the hype cools down following the release of the Runes protocol.

Runes Protocol: Leading BTC Network into the "Era of Eternal Genesis" for FT Token Issuance

How to understand the innovative value of Runes and its potential subsequent market impact?

Runes Protocol Goes Live: Has a New Development Stage for the Bitcoin Ecosystem Arrived?

Runes protocol goes live: Are you ready for the new opportunities and market craze in the Bitcoin ecosystem?

Macro Perspective

BTC Completes Its Fourth Halving in History, How Do Various Institutions Predict the Future Market?

Most institutions are bullish: The halving will kick off a new bull market and is expected to challenge $100,000.

Tolerance for Individual "Coin Speculation" on the Rise? Insights into the Change in China's Regulatory Attitude from the Mention of a 20 Billion Cryptocurrency Money Laundering Case by CCTV

From the investigation process of the aforementioned case of using cryptocurrency to resell personal information + money laundering, it can be seen that China's regulatory agencies are showing increased tolerance towards individual "coin speculation" and other behaviors.

The First Batch of 6 Virtual Asset ETFs Approved in Hong Kong! Physical Subscription and Redemption Expected to Open Up a Compliant "Cash Out" Channel for Cryptocurrencies

On the evening of April 24th, the Hong Kong Securities and Futures Commission (SFC) official website listed Bitcoin and Ethereum spot ETFs from three fund companies, Huaxia Fund (Hong Kong), Bosera International, and CSOP International, with approval dates all set on April 23, 2024. The three institutions also officially announced at the same time that they have obtained formal approval from the SFC and are expected to be listed on the exchange on April 30th.

Mining Tycoon Wu Jihan and a Brief History of Bitcoin Mining in China

As long as POW does not disappear, miners can always find ways to survive and even make enough money. Just like Wu Jihan, who has experienced the peak, turmoil, palace intrigue, and low-key operations, he can still flexibly continue to contribute the power of the Chinese people to the mining industry.

Summary of Mini-essays on Dubai Token2049: A Downpour, Regulatory Discussions, and the Web3 Industry Summit Amid the AI Craze

This article selects some mini-essays from participants on the X platform at the Dubai Token2049, allowing those who did not attend to feel the heat and humidity of Dubai.

Bitcoin Ecosystem

Exclusive Interview with Cipher, Founder of the RGB++ Protocol: BTC L2 Will Experience an Outbreak 3 to 6 Months After the Halving, How to Play DOBs Digital Objects?

From the formal proposal of CKB's first product RGB++ in February to its implementation in April, it took less than two months. Cipher, the founder of the RGB++ protocol, recently stated in an interview that digital objects (DOBs) will soon come to life, and there will soon be upper-layer applications to make digital objects active. Driving L2 development, the real key to victory lies in the asset protocol of L1.

Listing 5 BTC Ecosystem Public Chains that Institutions are Bullish On

This week, CryptoSnap Dr.DODO introduces five popular BTC-related public chains and the capital support behind them.

On the Eve of Another Outbreak, a Lengthy Summary of New Bitcoin Technology Developments

The path of development is a process of continuously meeting demands, which can be divided into short-term, medium-term, and long-term stages. In the short term, applications generated by new technologies on the Bitcoin mainnet and simple construction based on layer 2 will meet various financial applications. In the medium term, it will meet various financial and trust applications through the later stage of layer 2 construction based on the chain and the construction based on distributed systems. In the long term, based on the large-scale construction of the Bitcoin ecosystem, the true construction of the Web3.0 era will be completed.

The Much-discussed New Proposal OP_CAT, How Will It Change the BTC Ecosystem?

What problems does the OP_CAT opcode solve? If introduced, what improvements will it bring to BTC's programmable capabilities? What impact will it have on the subsequent market evolution of the BTC ecosystem?