Organizer: Luan Peng, ChainCatcher

Important News:

• The COPA vs. Craig Wright ruling has been announced, with the latter repeatedly lying to the court
• Nigerian court denies bail application of Binance executive Tigran Gambaryan
• OKX Ventures announces strategic investment in the first Bitcoin Layer2 network Bitlayer based on the BitVM paradigm
• Data: The trading volume of 6 Hong Kong virtual asset ETFs today is approximately 26.11 million HKD
• Bitcoin price needs to reach $93,000 for its market cap to surpass silver
• 10x Research: Bitcoin may reach new highs after breaking $67,500
• RootData: In the past 24 hours, DRIFT leads the Solana sector, with AMU ranking second in growth

"What important events happened in the past 24 hours"

Former CFTC Chairman: Trump is the first crypto president of the United States

Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Chris Giancarlo recently emphasized the key role of former President Donald Trump in the cryptocurrency industry. At a cryptocurrency policy summit held in Washington, D.C., Giancarlo referred to Trump as "the first crypto president of the United States." This title stems from the Trump administration's approval of Bitcoin futures in its first year in office.

OKX Ventures announces strategic investment in the first Bitcoin Layer2 network Bitlayer based on the BitVM paradigm

OKX Ventures announced a strategic investment in Bitlayer, which will establish the first Bitcoin Layer2 that is secure and Turing-complete based on the BitVM paradigm, aiming to become the computational layer for Bitcoin. At the end of April, Bitlayer launched a $50 million developer incentive program called Ready Player One, attracting over 500 project participants from various sectors including infrastructure, DeFi, inscriptions, SocialFi, and cross-chain bridges.

Nigerian court denies bail application of Binance executive Tigran Gambaryan

A Nigerian court denied the bail application of Binance's financial crime compliance officer Tigran Gambaryan, with Judge Emeka Nwite stating that if the application were approved, the Binance executive might not continue to appear in court. A Binance spokesperson expressed disappointment and sadness over the ruling. The court will reconvene on May 23 for cross-examination.

10x Research: Bitcoin may reach new highs after breaking $67,500

10x Research released a report indicating that this week's event risk is high, with PYTH (which has dropped 38% in the past 30 days) unlocking on May 20, valued at $800 million; AVAX unlocking on May 21, valued at $340 million. Nvidia will release its Q1 2024 earnings report on May 22, and the deadline for VanEck's spot ETF application is May 23. According to betting markets, the likelihood of ETF approval is only 7%. Bitcoin's price is expected to fluctuate no more than +/-4% this weekend.

RootData: In the past 24 hours, DRIFT leads the Solana sector, with AMU ranking second in growth

According to data from the Web3 asset data platform RootData, in the past 24 hours, DRIFT led the Solana sector with a growth of 15.23%, while AMU ranked second with a growth of 4.08%. The specific rankings are as follows: 1. DRIFT; 2. AMU; 3. HBB; 4. WHALES; 5. SNS; 6. NEON.

Data: The trading volume of 6 Hong Kong virtual asset ETFs today is approximately 26.11 million HKD

The first batch of 6 Bitcoin and Ethereum spot ETFs launched in Hong Kong today had a total trading volume of approximately 26.11 million HKD. Among them: Huaxia Bitcoin ETF (3042.HK): 8.95 million HKD; Huaxia Ethereum ETF (3046.HK): 2.86 million HKD; Harvest Bitcoin Spot ETF (3439.HK): 5.42 million HKD; Harvest Ethereum Spot ETF (3179.HK): 4.93 million HKD; Bosera HashKey Bitcoin ETF (3008.HK): 3.08 million HKD; Bosera HashKey Ethereum ETF (3009.HK): 840,180 HKD.

COPA vs. Craig Wright ruling has been announced, with the latter repeatedly lying to the court

According to BitMEX Research, the ruling in the COPA (Cryptocurrency Open Patent Alliance) lawsuit against "Craig Wright" has been announced. In the judgment, Craig Wright is far from as clever as he believes. In his written testimony and several days of oral testimony during cross-examination, it is clear that Wright has lied extensively and repeatedly to the court. Most of his lies are related to forged documents intended to support his claims. All of his lies and forged documents are to support his biggest lie: that he claims to be Satoshi Nakamoto. The reality is much simpler. However, due to Dr. Wright's numerous lies over the years, it is difficult in some respects to pinpoint exactly what happened. These difficulties do not affect the fact that Dr. Wright is not Satoshi Nakamoto.

Japanese manga "Captain Tsubasa" game launched on Oasys blockchain

The blockchain version of the Japanese football manga series "Captain Tsubasa" has officially launched on the game-centric blockchain Oasys. The game is developed by Mint Town, Co., Ltd. and BLOCKSMITH&Co. (a subsidiary of mobile game giant KLab Inc.), allowing players to cultivate and collect character NFTs from the original series.

A trader profits 1705 times through PONKE in 5 months

According to Lookonchain monitoring, a trader turned $1,361 into $2.32 million in 5 months, achieving a profit of 1705 times. On December 24, 2023, he spent 12 SOL (approximately $1,361) to buy 5.21 million PONKE. As the price of PONKE rose, these PONKE are now worth $2.32 million.

Data: Solana's on-chain DEX total trading volume and independent trader count far exceed other blockchains in the past month

According to data from Coin98 Analytics, Solana's on-chain DEX total trading volume and independent trader count surpass those of other blockchains. Its DEX total trading volume is $47.75 billion, with 11 million independent traders.

Ethereum ranks second, with a DEX total trading volume of $45.6 billion and 1.82 million independent traders.

"What are the exciting articles worth reading in the past 24 hours"

Dragonfly partner: Why have all low circulation/high FDV tokens dropped?

The discussion about "high FDV low circulation tokens" has been heated in recent days, with many opinions suggesting that VC tokens have become the culprits of this round of "non-intervention bull market." Dragonfly partner Haseeb refuted some viewpoints with data, and he believes that for VCs, when project valuations reach astronomical figures, they also face unlocking dilemmas. This leads LPs to perceive this asset class as fraudulent; although it looks good on paper, it is actually terrible, and VCs do not wish for this. Asset prices gradually stabilizing and rising over time is what most people hope for.

a16z: Detailed explanation of the FIT21 bill, why does it help the development of the crypto industry?

The FIT21 bill/HR 4763 establishes a regulatory framework for the U.S. digital asset market.

Runes protocol underperforms after launch, what are the catalysts for the next wave of growth?

On May 20, Ordinals founder Casey posted on X platform in response to the market cap of Runes not reaching $1 billion: "Sorry, guys, it's over. Please tune in to the next episode of Hell Money podcast, where I will commit seppuku, and then Erin will behead me to end my suffering." (Hell Money podcast is a Bitcoin-related podcast recorded by Casey.) Previously, Casey jokingly said that if "Runes ecosystem does not reach a market cap of $1 billion within a month of launch, he would prepare to commit seppuku."

Vitalik's new article: Improving the future of Ethereum's permissionless and decentralized network

I am sitting here writing this article on the last day of the Ethereum developer interoperability event in Kenya, where we have made significant progress in implementing and resolving the technical details of upcoming important Ethereum improvements, most notably PeerDAS, Verkle tree transition, and decentralized methods for storing history in the context of EIP 4444. From my perspective, the pace of Ethereum's development and our ability to deliver large and important features that can significantly improve the experience for node operators and (L1 and L2) users are continuously increasing.

Comprehensive reveal of Sui's ecological development and layout

In less than a year, the Layer1 blockchain Sui, founded by the Mysten Labs team, has rapidly risen to become one of the top ten in decentralized finance (DeFi). According to data from DeFi Llama, Sui's total locked value (TVL) has grown over 1000% in just four months, surpassing many mature projects. Currently, the Sui ecosystem includes 22 DeFi protocols, with two having a TVL exceeding $100 million, and four other protocols also exceeding $40 million in TVL.