Daily Report ｜Sun Yuchen: The inscription market based on TRON is about to launch; Uniswap founder: Blockchain network fees will eventually be regarded as costs similar to server costs
Binance Web3 wallet completes Blast network integration; Michael Saylor: Artificial intelligence and ETFs will drive a decade-long Bitcoin gold rush.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Justin Sun: The TRON-based inscription market is about to launch
According to ChainCatcher, TRON founder Justin Sun stated on X that the TRON-based inscription market developed by APENFT is about to launch. All developers are welcome to develop within the TRON ecosystem. (Source link)
2. Binance Web3 Wallet Completes Blast Network Integration
According to ChainCatcher, Binance announced that the Binance Web3 Wallet has completed the integration with the Blast Network. The Blast Network is an Ethereum Layer 2 scaling solution that provides built-in yield for Ethereum (ETH) and stablecoins. Users can transfer Blast Network tokens through the Binance Web3 Wallet and access various DApps on the network. (Source link)
3. Uniswap Founder: Blockchain network fees will ultimately be seen as costs similar to server costs
According to ChainCatcher, Uniswap founder Hayden Adams tweeted: "Blockchain network fees will ultimately be seen as costs similar to server costs. Paid by applications on behalf of their users, intangible, as a business cost, no one will consider this except backend developers." (Source link)
4. Michael Saylor: AI and ETFs will drive a decade-long Bitcoin gold rush
According to ChainCatcher, as reported by Cointelegraph, during a panel discussion at Bitcoin Atlantis on March 1, MicroStrategy founder Michael Saylor stated: "I believe we are in a Bitcoin gold rush. It starts in January 2024 and will last until around November 2034." By 2035, 99% of Bitcoin will have been mined, marking the beginning of the "growth phase."
Saylor believes that the Bitcoin spot ETF currently provides a "distribution channel" for only 10%-20% of interested parties, and this percentage will rise to 100% once banks and institutions begin facilitating Bitcoin transactions. Saylor stated that almost all banks will eventually be pressured to custody Bitcoin because their large clients have this demand. "You will see resistance decrease, … one day, Bitcoin will surpass gold and trade volumes will exceed those of the S&P index ETF."
Additionally, Saylor added: "If you want to watermark, timestamp, and cryptographically sign information, documents, and content, you need Bitcoin as a real system to achieve this. Therefore, I believe AI will drive demand for Bitcoin in this way." Saylor explained that Bitcoin will also benefit from the development of autonomous AI, as it requires digital energy to operate. (Source link)
"What Great Articles Are Worth Reading in the Last 24 Hours"
Since the beginning of 2024, among the six projects launched on Binance Launchpool, four are related to gaming, namely the virtual companion game Sleepless AI, Layer3 gaming public chain, metaverse farming game Pixels, and the Protal platform focusing on gaming cross-chain.
Binance's continuous launch of gaming track assets has revitalized the long-dormant GameFi sector, and among the four gaming projects launched, two assets are more or less related to gaming dedicated chains, with Xai being a representative of Layer3 gaming dedicated chains; Pixels is the first ecological project on the Ronin sidechain to be launched on Binance, and on February 5, Binance officially launched the Ronin native token RON.
In fact, it’s not just Binance that is increasing support for chain games; several gaming projects are also building their own GameFi dedicated chains. On February 15, the ApeCoin community announced plans to build ApeChain based on the Arbitrum developer stack; on February 22, the TreasureDAO community, known as the Web3 Nintendo, voted to develop Treasure Chain based on the Arbitrum ecosystem, planning to launch the mainnet in Q3 of this year.
Finding "new GameFi public chains and high-quality on-chain game assets" and the combination of "new public chains + new games" is becoming a new Alpha in the crypto community. So, how are the representative gaming public chains and their ecological developments in the current crypto market?
2. “Bitcoin Charges Forward, Will the 'No-Brainer Profit' Season of Shitcoins Arrive as Expected?”
Bitcoin has soared above $60,000, but the altcoins we hold have lagged behind in gains?
No need to panic; in the long run, the altcoins in everyone's hands are currently one of the most favorable long-term investments.
This article is the latest report from crypto researcher Jake Pahor, providing a detailed study of the current altcoin market, exploring various angles such as market cycle phases, Bitcoin dominance, ETH/BTC exchange rate, stablecoin capital inflows, DeFi TVL, and whether new retail investors are entering the market, with Foresight News compiling the full text.
3. “A Look Ahead to 2024 Regulation: This Will Be a Defining Year for DeFi”
In recent years, global regulatory agencies and international regulatory bodies like the Financial Action Task Force (FATF) have become increasingly focused on the decentralized finance (DeFi) sector. Their concerns mainly stem from worries about the growing momentum of DeFi, fearing it may become difficult to control. Unlike the traditional financial system, DeFi lacks centralized managing entities, such as banks or other financial institutions, which are responsible for enforcing and complying with regulatory requirements in the traditional system. This decentralized characteristic of DeFi makes traditional regulatory approaches difficult to implement, presenting a series of new challenges for regulators.
In the United States, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have begun taking action against DeFi projects, with the CFTC issuing orders in September last year against three companies—Opyn, Inc., ZeroEx, Inc., and Deridex, Inc.—for conducting business in the DeFi sector without proper registration. These companies were accused of failing to register as trading execution facilities or designated contract markets, failing to register as futures commission merchants, and failing to implement customer identification programs under the Bank Secrecy Act. Additionally, they were accused of illegally offering leveraged and margin retail commodity transactions for digital assets. The CFTC has ordered these companies to pay civil penalties and cease further violations.
