Daily Report ｜Data: Bitcoin mining difficulty increased by 5.79% to 83.95 T, reaching a historical high; Bank for International Settlements: The behavior of DeFi borrowers is key to measuring tokenized risk

Organizer: Luan Peng, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Data: Bitcoin Mining Difficulty Increased by 5.79% to 83.95 T, Setting a New Historical High
According to ChainCatcher, data from BTC.com shows that the Bitcoin mining difficulty was adjusted at block height 834624 (2024-03-14 14:28:09), increasing by 5.79% to 83.95 T, a new historical high. The current average network hash rate is 618.05 EH/s. (Source link)

2. Musk: Tesla Will Support DOGE Payments at Some Point in the Future
According to ChainCatcher, a video shared by DogeDesigner from an offline event shows Musk stating that Tesla will support DOGE payments "at some point" in the future, sending DOGE "to the moon." (Source link)
3. Bank for International Settlements: DeFi Borrower Behavior is Key to Assessing Tokenization Risks
According to ChainCatcher, research from the Bank for International Settlements (BIS) emphasizes the importance of borrower behavior in the decentralized finance space and the dynamics of the DeFi market for designing and managing platforms involving tokenized assets.

The study found that DeFi borrowers typically avoid excessive leverage, adopt conservative practices, and deposit more funds when past yields are high. These findings help understand the impact of DeFi on financial stability and provide countermeasures. (Source link)

4. Worldcoin: Welcomes Investigation by Korean Regulators
According to ChainCatcher, news1 reports that the Personal Information Protection Commission of Korea is investigating Sam Altman's blockchain project Worldcoin. Worldcoin expressed its welcome for the investigation by Korean regulators. This is the first time Worldcoin has stated its position regarding the investigation by Korean regulators.

Previously, it was reported that the Personal Information Protection Commission of Korea is investigating whether Worldcoin's method of collecting iris information is compliant. (Source link)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. “What is Elixir, Backed by Arthur Hayes? How to Interact?”

Recently, the modular DPoS network Elixir announced the completion of an $8 million Series B funding round, co-led by Mysten Labs and Maelstrom Capital, operated by Arthur Hayes' family office, with participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, and others.

According to the RootData page, Elixir was established in 2022 as a liquidity network for modular DPoS, allowing anyone to provide liquidity directly to the order book, bringing liquidity to long-tail crypto assets and enabling exchanges and protocols to guide their ledger liquidity. Elixir completed a $2.1 million seed round and a $7.5 million Series A round last year, with notable investors including Hack VC, NGC Ventures, FalconX, and others.

In addition to the funding news, Elixir has been relatively low-profile in the Chinese community, with limited attention. One main reason is that, unlike order book DEXs like dYdX and Vertex, Elixir provides liquidity network and infrastructure for these DEX projects, and there have been few scenarios for direct user interaction in the two previous testnets launched.

However, besides disclosing the new funding round, Elixir recently announced the launch of a new product called Apothecary. Apothecary is a new points tracking system that allows users to earn points (potions)/rewards by depositing assets and bringing in new users, helping users track their contributions to the network before the mainnet launch on August 15 this year.

2. “After the Cancun Upgrade, How Much Have Gas Fees on Various Chains Decreased?”

At 9:55 PM Beijing time yesterday, the Ethereum Beacon Chain's slot height officially reached 8626176, which is also the scheduled position for the Dencun upgrade, and the upgrade has been officially activated.

Regarding the content and impact of the Dencun upgrade, Odaily Planet Daily provided a detailed explanation in a previous article titled “The Cancun Upgrade Has Finally Arrived, Which Assets Will Benefit?” In short, the core content of the Dencun upgrade is EIP-4844, which aims to introduce a new type of transaction called "Blob transactions" to Ethereum by adding an additional temporary data space, Blob, in the blocks on the Ethereum mainnet, specifically for handling Layer 2 related transactions, thereby significantly reducing the transaction cost for Layer 2.

So, with the upgrade implemented, how much have Layer 2 transaction costs actually decreased?

3. “Bankless: How to Ride the Meme Wave? These 5 Tools Are Worth Knowing”

We are back in the bull market surge.

Token prices can rise rapidly, and trading volumes can push the network to market limits, which is hard to imagine when the market is less optimistic.

To trade cryptocurrencies, whether altcoins or meme coins, you must stay ahead of the curve.

Retail investors need to have the right toolkit to find the right tokens at the right time, ensuring they don’t miss out on opportunities.

In this article, we will outline 5 essential tools for readers to hunt for tokens.