Weekend Recommendations | 10 Articles to Review Topics such as Sun Yuchen's Investigation by the FBI and Digital Asset Regulations
Chain Catcher selects a few articles each week based on readership, influence, and other factors for readers' reference.Organizer: Richard Lee
1. “The Verge In-Depth Investigation: The Inside Story of Sun Yuchen Evading Regulation”
This week, The Verge released a major investigative report revealing that multiple former employees of Sun Yuchen's company disclosed that the FBI is investigating Sun Yuchen for insider trading, fraud, and other activities, and the SEC plans to initiate a lawsuit.
On March 10, Beijing time, U.S. President Biden officially signed an executive order to ensure the responsible development of digital assets, marking the first time the U.S. government has taken comprehensive measures to address the risks of digital assets and their underlying technologies. Previously, Chain Catcher had summarized the core content of this executive order, which can be referenced in this article. This article presents the full text of the executive order released by the White House, which includes ten chapters covering policies, objectives, coordination, definitions, and more.
3. “The Rise and Fall of the Diem Cryptocurrency Dream”
Meta (formerly Facebook) officially launched its cryptocurrency project Diem (formerly Libra) in 2019, but after several ups and downs, it ultimately chose to sell in January this year, marking the end of its cryptocurrency dream. Recently, the Financial Times spoke with about 30 individuals associated with the joint venture, including executives, developers, lobbyists, and regulators who ultimately stifled it, providing an in-depth exploration of the birth, development, and demise of the Diem project.
4. “Understanding Why BAYC Parent Company Yuga Labs Acquired CryptoPunks and Meebits”
This Saturday, BAYC developer Yuga Labs announced the acquisition of CryptoPunks and Meebits, two leading IPs in the NFT space, making it the most significant event of the weekend. Yuga Labs and Larva Labs provided clear answers regarding the reasons for the acquisition and their future plans in their respective announcements, which this article summarizes.
5. “Vietnam's Crypto Boom: Banding Together, Promising GameFi, and Gray Areas”
The leading blockchain game project Axie Infinity unveils the GameFi craze in Vietnam. This article discusses how various socio-economic and cultural factors have contributed to Vietnam's crypto boom from the perspective of "crypto geography."
On March 7, NFT/blockchain game developer Immutable completed a $200 million Series C funding round at a valuation of $2.5 billion, led by Temasek, with participation from Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings, and others, marking Tencent's first direct investment in the NFT space. Chain Catcher provides a comprehensive analysis of Immutable's solutions and product layout in this article.
Perhaps due to the approaching industry regulation, the privacy sector saw an overall rise this week. What are the representative projects in the Web3 privacy space? What are the differences between privacy trading and privacy computing? Why has the privacy sector not exploded for a long time? This article provides a panoramic interpretation of the current status and evolution logic of the Web3 privacy space.
8. “What Communities and Projects to Watch in Gitcoin Round 13?”
The open-source software and community donation platform Gitcoin has launched its 13th round of donation activities, running from March 9 to March 23. Gitcoin features many high-quality projects or teams, but with 648 projects applying for grants, users may find it difficult to choose. This article organizes several quality projects and teams for readers' reference.
9. “HashKey: A Comprehensive Interpretation of the NFT Market Overview and Application Scenarios”
The NFT market currently has a relatively small market cap, but industry activity is increasing. The main application scenarios include game items, crypto artworks, and social tokens. The uniqueness and scarcity of NFTs make them very suitable for marking asset ownership on the blockchain, truly connecting digital assets in the virtual world with real-world assets. This article provides a comprehensive interpretation of the development status of the NFT sector and points out that the main investment-worthy areas in NFTs include high-quality public chains, issuance and liquidity platforms, and the tokens themselves.
10. “Not All Internet Infrastructure Will Be Built on Blockchain; Where Should Web3.0 Programs Run?”
In the Web3.0 era, blockchain infrastructure relies not only on consensus mechanism innovation and cross-chain solutions but also on off-chain computing, which has become a major trend in problem-solving. Due to the constraints of the impossible triangle, exploring off-chain computing using semi-centralized methods can achieve higher scalability. The key to this solution is how to achieve consensus on off-chain computing results on-chain.
