Weekly Selection | Bitcoin and Ethereum spot ETFs listed in Hong Kong; CZ sentenced to 4 months in prison; Eigenlayer announces airdrop plan and proposes new concept

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

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Macro Perspective

Will Bitcoin Fall to $30,000 or Rise to $210,000? Analysts and Prediction Models Engage in a "Price War"

Bitcoin has been fluctuating recently, and the future direction is highly anticipated, with analysts' views differing significantly.

Why Has the Altcoin Season Not Reappeared, and How Should Investors Respond?

After the Bitcoin halving, altcoins soared, a "rule" of past bull markets, but the eagerly awaited "altcoin season" has not yet appeared. Crypto KOL Crypto, Distilled analyzed the reasons for this phenomenon and provided optimization strategies for investors.

Q1 2024 Public Chain Financial Report: ETH Barely Achieves Balance of Payments, Base Income Explodes

How did public chains perform in terms of revenue?

The Harsh Truth Behind the CZ Incident: The Crypto Revolution Rings Loud, but It's Just "Midday Snacks" for Politicians

Money cannot buy power; the world is a stage for the powerful.

Behind the Big Players' Tug-of-War Over Meme Coins: The Cryptocurrency Market Where No One Bids

Only daring to speculate on memes, expressing the helplessness of retail investors.

Bitcoin Ecosystem

What Kind of BTC Layer 1 Protocol Do We Really Need?

We will witness the true rise of the BTC ecosystem together.

From Lightning Network to Bison, Analysis of Bitcoin Layer 2 Race

Why does Bitcoin need Layer 2?

Understanding the Knowledge Hierarchy of the Bitcoin Ecosystem: From BRC20 to Taproot, Are You "Bronze" or "King"?

This article will unravel the five knowledge hierarchies of the Bitcoin ecosystem, peeling back the veil of the Bitcoin ecosystem layer by layer.

Introducing Re-Staking to POW Networks, Is Babylon the Hanging Garden of Bitcoin?

Babylon achieves the recording and verification of key data submitted to the PoS chain through remote staking, customized staking contracts, timestamps, and EOTS (Extractable One-Time Signature). However, we need to be clear that Bitcoin's own architecture cannot verify complex computational logic and smart contracts.

OP Stack+Eigenlayer for the Bitcoin Ecosystem? In-Depth Discussion of CKB's Future Prospects

As a programmable solution for Bitcoin, CKB uses isomorphic binding + CKB network to replace client-side verification, enabling free circulation of Bitcoin L1 assets between L1 and L2 without relying on additional social trust assumptions. Additionally, benefiting from the state space privatization feature of CKB Cell, RBG++ does not bring about the pressure of state explosion on the Bitcoin mainnet as other Bitcoin programmable protocols do.

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

Seizing Opportunities

zkSync Airdrop Approaching, Does Your Address Meet the Standards Based on Arbitrum Airdrop Mechanism?

TrustGo analyzed the standards for zkSync airdrops based on the Arbitrum airdrop point system, allowing users to check their eligibility by entering their address without connecting a wallet.

Early Understanding and Parallel L1 Monad Ecosystem and Potential Analysis

Monad is a Layer1 smart contract platform designed to have extremely high scalability.

An Overview of the Berachain Ecosystem

Berachain is still in its early stages, but the on-chain applications deeply integrated with Berachain may stand out.

From Rebranding GuildFi to Zentry, an Overview of the Current Status of Game Guild Projects

Recently, the blockchain game guild GuildFi announced its rebranding as Zentry. Based on CoinGecko's data, PANews took stock of the top 10 game guilds by market value and found that the leading projects, Merit Circle, YGG, and GuildFi, have seen considerable increases in coin prices and market value this year. However, several projects at the bottom of the game guild market value have generally experienced both coin price and market value declines, with the highest price reduction reaching 74.55%.

How Much Airdrop Can Pendle Users Really Get? EigenLayer Answers Community Questions

The EigenLayer Foundation clarified the airdrop ratio for the 2nd stage of the 1st quarter and the allocation of airdrops for Pendle and other "unresolved contracts."

Exploring the Complex Landscape of Semi-Fungible Tokens

This Bing Ventures research article introduces new standards in the semi-fungible token field (such as ERC-404, TinySPL, and Asteroids) and evaluates these standards to a certain extent.

Web3 Insights

Zhao Changpeng's 4 Memes "Manifest," Lightly Sentenced to 4 Months, Will Make a Comeback

After the verdict, Zhao Changpeng's wife, He Yi, responded with just two words on social media, "Got it." Perhaps everyone understands.

Ethena About to Explode Internally? Someone Offers $1 Million for the Vulnerability

The rewarder intends to disclose a "fatal vulnerability" in Ethena and the method to fix it, but the condition is to donate $1 million to public welfare, including ZachXBT.

Legendary Meme Coin Hunter James: Earned $25 Million with $7,000, Now the Pump Effect is Failing

After analyzing the on-chain data of 26 James Wynn-related wallet addresses, James Wynn made approximately $25 million during the surge of the PEPE token, with an initial investment of only $7,644.

The Big One is Finally Coming! A Comprehensive Review of Key Information and Valuation Predictions for EigenLayer Airdrops

How should airdrops be designed? When will transfers be activated? How should the valuation situation be viewed?

Exclusive Interview with Zhu Haokang, Head of Digital Asset Management at Huaxia Fund (Hong Kong): Huge Potential for the Development of the Digital Asset Industry in Hong Kong

The Huaxia Bitcoin ETF and Huaxia Ethereum ETF have been approved by the Securities and Futures Commission of Hong Kong and listed on the Hong Kong Stock Exchange on April 30, 2024. This also marks Hong Kong, after the United States, as another jurisdiction globally to pass such products, allowing ordinary retail investors to invest in digital asset-linked investments through the purchase of such ETFs.

After ezETH Unpegs, How to View Renzo's Restaking Narrative?

How should Binance Launchpool's mining project Restaking be viewed?

Hong Kong Virtual Asset ETF Raises Approximately HK$2 Billion on First Day of Trading, Essentially "TradFi Mining" with Physical Subscription

On April 30, the first day of trading for 6 virtual asset ETFs in Hong Kong, the total trading volume reached HK$87.58 million (US$12 million). For Web3 native users, purchasing physical ETFs is essentially a form of "TradFi mining," "mining" the value and potential of traditional markets and assets.

Tech Trends

Full of New Concepts? How to Correctly Understand the Terms in the EigenLayer Whitepaper?

EigenLayer "flips through the dictionary" to find "intersubjective" as a replacement for "social consensus."

Beyond Single-Core Limitations, In-Depth Analysis of Polkadot's "Elastic Scalability" Solution

For parallel chains that require higher throughput than the current Polkadot protocol allows, elastic scalability is a very useful supplement.

Deciphering the Technological Logic of L2 Newcomer Morph: Can It Bring About a Turning Point for L2?

If Base and Blast are fierce newcomers, then projects like Morph are like potential stocks, bringing new variables to L2.

Comparison of Leading Restaking Protocols: What are the Differences Between Babylon Protocol on Bitcoin and EigenLayer on Ethereum?

Due to the inability of the Bitcoin mainnet to support complete smart contracts, the design and application scenarios of Babylon differ in many ways from EigenLayer.