Weekly Recommendations | Interpretation of Arbitrum Airdrop Rules and Ecological Projects; The Challenges of Crypto Regulation in the Eyes of Coinbase CEO
Vitalik outlines how to choose guardians for multi-signature wallets and social recovery wallets; Can GPT-4 fully detect vulnerabilities in smart contracts?Organizer: Cookies, ChainCatcher
1. "Arthur Hayes Blog: The BTFP Global Infinite Money Printing to Save Banks"
The recent discussions around the Federal Reserve's new Bank Term Funding Program (BTFP) have been heated. BitMEX founder Arthur Hayes analyzed why the BTFP program is so groundbreaking and ultimately detrimental to depositors, stating, "The Federal Reserve's Bank Term Funding Program (BTFP) is a form of quantitative easing amounting to $4.4 trillion, even exceeding the $4.189 trillion printed to address the COVID crisis. Although the BTFP program is stipulated to last only one year, it is almost certain to be preemptively extended."
Two key issues for the secure use of multi-signature wallets and social recovery wallets are: (i) who you choose as guardians, and (ii) what instructions you give them. Vitalik outlined how he thinks about this issue, most of which should also apply to multi-signature and social recovery wallets used to safeguard personal and organizational funds.
3. "Coinbase CEO: Analyzing Some Regulatory Challenges Facing the Current Crypto Industry"
This article features insights from the Coinbase CEO on the Odd Lots podcast, covering topics such as liquidity mining, crypto regulation and consumer protection, crypto securities, stablecoins, and more. Brian Armstrong stated that the current regulatory environment is not conducive to progress. In the U.S., there is a sense of anxiety that starting a business in this field will lead to substantial legal bills and subpoenas.
4. "What New Moves Does L2 Leader Arbitrum Have Besides Airdrops?"
In the highly competitive second-layer blockchain or rollups space, Arbitrum has emerged as a leader with a 55% market share. The Arbitrum Foundation announced that on March 23, it will airdrop ARB governance tokens to its community members and launch its third-layer development tool, Arbitrum Orbit, bringing Arbitrum closer to full decentralization. Additionally, after the Arbitrum airdrop was confirmed, the entire ecosystem project saw a surge.
5. "Full Text: Work Plan for Promoting Innovation and Development of Beijing's Internet 3.0 Industry"
The Beijing Municipal Science and Technology Commission, the Management Committee of Zhongguancun Science Park, and the Beijing Municipal Bureau of Economy and Information Technology issued a notice on the "Work Plan for Promoting Innovation and Development of Beijing's Internet 3.0 Industry (2023-2025)" to promote the innovative development of Beijing's Internet 3.0 industry. The notice pointed out that Internet 3.0, as a new form of future internet industry development, is accelerating under the impetus of information technologies such as virtual reality, artificial intelligence, and blockchain, which will bring transformative impacts on future technology and industrial development as well as social and economic forms.
6. "An Analysis of the Current Status and Trends of MEV"
After the Ethereum merge, the roles within the MEV supply chain have changed due to alterations in the mining mechanism. Before Danksharding is implemented, Flashbots proposed MEV-Boost as an off-protocol practice of PBS. The implementation of the PBS mechanism has altered the interests within the blockchain block production industry, while also promoting the specialization and commercialization of related institutions in the industry chain, resulting in a new landscape for the MEV supply chain.
As an established algorithmic stablecoin DeFi application, Frax fell silent after the collapse of Terra's UST. How is it now regaining user attention and carving out a niche with the surge of LSD? This article will provide the answer.
8. "Revisiting Web3 Aggregation Theory: How Can Startups Build Market Moats?"
In Web3, aggregators primarily rely on the fact that verification and trust costs collapse. My hypothesis at the time was that monopolies would be established by companies expanding quickly enough in the form of aggregator interfaces, specifically citing Nansen, Gem, and Zerion as examples. Ironically, in hindsight, my hypothesis was incorrect, which is what I want to write about today.
9. "In-Depth Understanding of Synthetix V3: Features, Advantages, and Future Plans"
Synthetix V3 represents a significant milestone for the protocol as it undergoes a complete overhaul to become a permissionless derivatives liquidity platform for next-generation on-chain financial products. This article delves into Synthetix V3, highlighting its differences from the current system, including its goal of becoming a liquidity layer that any derivatives market can build upon, as well as discussing the features and advantages of Synthetix V3 and its phased release plan.
10. "A&T View: The Current Status, Issues, and Improvements of Ethereum MEV Extraction Mechanisms"
Whenever transaction ordering is involved, the generation of MEV is almost inevitable. Regulating MEV extraction is crucial for the decentralization and censorship resistance of blockchain networks. This article conducts an in-depth study of the current status, issues, and improvement ideas regarding Ethereum's MEV extraction mechanisms.
There is a consensus that the core narrative of the crypto market this year is LSD. Consequently, we can see that many protocol products are starting to align with LSD, such as Frax Finance launching frxETH, MakerDAO preparing to launch ETHD, and Yearn about to release yETH, among others. The established staking protocol Stader Labs is also following the trend by launching Ethereum LSD-related products.
12. "OpenAI Launches 'Game-Changing' Product GPT-4: Can It Fully Detect Smart Contract Vulnerabilities?"
OpenAI has launched its latest generation AI language model, GPT-4. Reportedly, GPT-4 is a massive multimodal model that supports not only text input but also image input. Additionally, what new features will the evolved GPT-4 bring us? What happens if we use ChatGPT4 to audit smart contracts? This article will take you on a deep dive.
As a blockchain focused on China, Conflux has formed strategic partnerships with major domestic companies such as Xiaohongshu and China Telecom, creating a unique digital collection ecosystem that other public chains do not have, in conjunction with the domestic policy environment. This article will provide an overview of the projects within the Conflux ecosystem.
14. "Besides Solidity, What Other EVM Languages Are Worth Noting?"
The Ethereum Virtual Machine (EVM) is a 256-bit, stack-based, globally accessible Turing machine. Due to its architecture being significantly different from other virtual machines and physical machines, the EVM requires domain-specific languages (DSLs). In this article, we will explore the latest technologies in EVM DSL design and introduce six languages: Solidity, Vyper, Fe, Huff, Yul, and ETK.
