Weekly Recommendations | Analyzing Hashkey Capital's Investment Preferences and Strategies; Circle CEO's Reflection, Review, and Outlook After the Crisis
A comprehensive interpretation of Bitcoin Ordinals; what new positioning does Worldcoin, the crypto project by the founder of ChatGPT, have?Organizer: Cookies, ChainCatcher
1. “RootData: In-Depth Analysis of Hashkey Capital's Investment Preferences and Strategies”
As one of the most comprehensive investment and financing databases in the crypto industry, Rootdata includes over 3,300 investors in the Web3 sector and more than 4,500 investment records, presenting a comprehensive view of investment trends in the crypto industry. Based on this data, Rootdata will analyze a series of well-known venture capital funds, including their development history, investment preferences, and other information. This issue's research subject is Hashkey Capital.
2. “Dialogue with Circle CEO: Review, Reflection, and Outlook After the Crisis”
On March 11, due to factors such as the bankruptcy of Silicon Valley Bank, the stablecoin USDC issuer Circle faced a severe run on the bank, leading to a sustained de-pegging of USDC, marking the biggest crisis since its establishment. Subsequently, various parties in the U.S. joined forces to stabilize the market, restoring investor confidence while saving USDC and Circle, which were on the brink of collapse.
After the crisis, Bankless interviewed Circle CEO Jeremy Allaire, who reviewed the entire crisis and looked ahead to Circle's development strategy post-crisis and the future direction of regulatory policies.
3. “From dYdX's Latest Proposal: Community Governance and Consensus Creation in DAOs”
Last week, the dYdX DAO officially passed a governance proposal, DIP 20, aimed at reducing trading rewards by about 45%. However, this "reform" of the internal profit distribution mechanism in dYdX did not cause as much of a stir as Uni's choice of cross-chain bridge tools did previously.
As a leading DeFi project, dYdX has repeatedly leveraged community voting and public governance to communicate and adjust project development details and medium to long-term plans in a timely manner, becoming a rare model in the industry.
This article will analyze the community governance approach of dYdX through several significant past turning points, detailing its short- and long-term impacts on the project, and comparing the challenges faced by decentralized communities (i.e., DAOs) in consensus building and profit distribution.
4. “A Comprehensive Analysis of Bitcoin Ordinals”
What is the principle behind Ordinals, and why can it create NFTs on the "ancient" Bitcoin chain? Do NFTs on the Bitcoin chain have participatory value, and how can they participate? Recently, the release of the Ordinals protocol has made it possible for people to create NFTs on the Bitcoin chain. This article provides an in-depth analysis of these questions and points out that Ordinals NFTs on Bitcoin will open up a new narrative, with various market participants' growth and development directions being of great interest.
According to data analysis platform 0xScope, after Arbitrum announced its airdrop, other potential airdrop projects saw a surge in daily active users, with zkSync and StarkNet cross-chain bridges experiencing the most significant growth, with daily active users increasing by about tenfold. Dune data shows that on March 23, zkSync's daily on-chain transaction volume reached 30,000, with 3,304 ETH deposited, valued at 5.6 million USD, setting a new single-day historical high. As a non-token project in the same Layer 2 race, zkSync and Starknet are highly anticipated.
6. “ABCDE Capital: Looking Ahead to 9 Directions for the Future of NFTs from 19 EIPs”
ERC-721 was created in January 2018, when some NFT experiments had already appeared on-chain. However, no one could predict that it would lead to the birth of the NFT ecosystem and unleash the potential of NFT applications. An increasing number of innovations and standardization measures are further driving NFTs. In this article, we will analyze the latest EIPs (Ethereum Improvement Proposals) and distill 9 future directions for NFTs.
7. “How FVM Unlocks Innovative Use Cases for Filecoin?”
Protocol Labs has outlined their three-phase plan for a decentralized internet: to establish the world's largest decentralized storage network; to introduce and protect human data; and to bring retrieval and computation capabilities to the data to build scalable applications. Currently, Filecoin has achieved the first step; what innovative use cases will be unlocked next?
8. “Reviewing the Stablecoin Market After USDC's De-Pegging: Purchasing Power Drops to Short-Term Lows”
Although the USDC de-pegging crisis was resolved on March 13, this de-pegging has brought many changes and reflections to the stablecoin market. Did the de-pegging provide an "opportunity" for other types of stablecoins? Has liquidity in the stablecoin market decreased or increased? Where did stablecoins primarily flow during the crisis?
During the Sui Builder House in Denver, Wayne Cunningham, the technical content manager of the Sui Foundation, conducted an AMA with Adeniyi Abiodun, allowing the community and users to gain insights into the internal situation of the Mysten Labs team, the results of two testnets, their favorite product use cases, and Adeniyi's expectations for the mainnet launch.
10. “On-Chain Analysis: How Much Bitcoin Does the U.S. Government Still Hold?”
On March 9, 2023, approximately 49,000 bitcoins seized by U.S. law enforcement moved on-chain, with about 9,900 bitcoins valued at 221.7 million USD sent to a Coinbase address. Therefore, we are tracking the three major Bitcoin wallets seized by the U.S. government in real-time based on key Bitcoin metrics dashboards, predicting market trends through wallet fund movements.
Although Worldcoin has announced a series of new developments, including the launch of the identity protocol World ID and the mainnet, it still faces skepticism compared to the impressive and well-received ChatGPT. Starting from Sam Altman's vision for future technology, we explore where Worldcoin's grand narrative "comes from" and "where it is headed."
12. “Arbitrum Airdrop Competition: What Opportunities Are Left for Investors?”
Recently, while traditional financial markets have faced ongoing crises, the crypto market has emerged from panic into a small spring market. Besides the Bitcoin ecosystem, one of the leading Ethereum Layer 2 projects, Arbitrum, recently announced its airdrop rules, sparking high market trading enthusiasm. Each round of major project airdrops creates wealth for a group of people; did you receive an airdrop? What will be the valuation of Arbitrum's token ARB in the future? What other projects in the Arbitrum ecosystem are worth paying attention to? If you missed this airdrop, how can you seize the opportunity next time? This article will explore these questions one by one.
There are many task platforms in the market today, and ordinary users need to evaluate each platform before choosing to participate deeply. Is the platform safe enough? Does the platform have a complete ecosystem? After experiencing numerous task platforms recently, the author has compiled the leading six platforms: RabbitHole, Crew3, TaskOn, Quest3, Port3, and Galxe, and provided corresponding organization and analysis.
This article focuses on the field of algorithmic stablecoins, discussing the types, mechanisms, and existing issues of current algorithmic stablecoins, and exploring the directions for their further development. The author believes that as algorithmic stablecoins develop, they will form a global hierarchy of stablecoins. Some algorithmic stablecoins will become top-tier stablecoins, while others will constitute multi-layered peripheral supplements.
15. “Community Consensus Erosion: These Blue-Chip NFTs Are Facing a Reshuffling Crisis”
Although the NFT market has experienced a collective cooling after rapid development, it remains one of the most significant components in the crypto field. As the types of NFT products become increasingly diverse, they are also categorized into different levels based on market popularity and potential.
