Chain News by Thebittimes.Com

By SoSoValue On July 23, 2024, the U.S. Ethereum Spot ETF officially began trading, exactly 10 years after Ethereum’s first Initial Coin Offering (ICO) on July 22, 2014. Whether this significant date was chosen intentionally or coincidentally, this event holds epic significance for the sustainable development of the entire crypto world. It marks an important step for POS public chains entering the mainstream financial world, which will inevitably attract more builders to join the Ethereum ecosystem. Additionally, it paves the way for other crypto infrastructure like Solana to enter the mainstream, holding substantive significance for the popularization of blockchain ecosystems. On the other hand, since the Ethereum ETF is not allowed to stake from a regulatory perspective, investors holding ETFs will miss out on the 3%-5% staking yield (risk-free rate in the Ethereum world) compared to directly holding Ethereum tokens. Furthermore, the public’s understanding of Ethereum is relatively l...

By Jocy@IOSGVC. Source: https://x.com/JinzhouLin/status/1810306678669410575 The views expressed in this article are solely those of the author and do not reflect the views of WuBlockchain regarding VC and MEME. Recently, I happened to come across the story of the Hundred Days’ Reform in the late Qing Dynasty, where young people risked their lives to follow Emperor Guangxu and advocate for reforms. These young pioneers became role models for future generations. The spirit of these young pioneers is equally important in today’s crypto world. Many practitioners are enthusiastic about resist ing “Western powers,” but in reality, they engage in Restaking mining and liquidity pool frontrunning while promoting meme/shitcoin on Twitter. Everyone knows the issues, but compromises for immediate interests. Both Eastern and Western crypto communities are currently indulging in the frenzy of meme speculation. MEME is like opium , an import from the West, with top MEMEs in BN originating from the We...

1. Starknet Foundation Announces Airdrop Redistribution of STRK to Three User Categories link The Starknet Foundation has announced that it will distribute STRK tokens through a retroactive airdrop to three categories of users: Pooled stakers, StarkEx users mistakenly identified as VeVe users, and actual VeVe users. Regarding Pooled stakers, the foundation initially intended to distribute STRK to eligible stakers through the staking protocols they use. However, many staking protocols were unable to complete the distribution task. The supported protocols or entities currently include Lido, Rocket Pool, BloxStaking, SharedStake, stakefish, Consensys, and Ankr Staking. Qualified recipients will be able to claim their STRK directly through the Provisions website. 2. Base Network Reaches Total Supply of 2.46 Billion Native USDC and Bridged USDC link Jesse Pollak, head of the Base protocol, referenced USDC pool data to indicate that the total amount of native USDC and bridged USDC on the Bas...

In the latest craze of inscriptions, OKX Wallet is undoubtedly one of the earliest and most profitable movers. The two heads of OKX Wallet detailed in a podcast the reasons for their early success, their personal experiences, and their perspectives on the future development of the Bitcoin ecosystem. Kyle’s Twitter: https://twitter.com/szchen429 Jason’s Twitter: https://twitter.com/jasonwangbtc How did the two of you join the crypto industry? Kyle : I currently serve as the main person in charge of the Web3 Marketplace and Discover, two products at OKX. My journey in cryptocurrencies began in college, about eight years ago. During this time, I actively participated in investments and research in areas like DeFi and NFTs and experienced the shifts of two bull and bear markets, making me a devoted believer in Crypto. I started mining in college, using computer graphics cards to mine digital currencies like ETH and participated in deep trading at some of the major domestic exchanges. In Ju...

Author: WuBlockchain According to statistics from RootData, there were 75 publicly disclosed investment projects by crypto VCs in October, a month-on-month decrease of 10% (83 projects in September 2023), and a year-on-year decrease of 45% (135 projects in October 2022). Note: Since not all financing is announced in the same month, the above statistics may increase in the future. The primary industry classifications are as follows. In October, infrastructure projects accounted for about 24% of financing, DeFi about 21%, CeFi about 9%, and NFT/GameFi about 13%. The total financing amount in October was $430 million, a month-on-month decrease of 20% (compared to $530 million in September 2023), and a year-on-year decrease of 63% (compared to $1.15 billion in October 2022). The rounds exceeding $12 million are as follows. Web3 security development company Blockaid secured $33 million in financing, including a $6 million seed round participated in by Sequoia Capital, Greylock Partners, an...