Daily Report | Vitalik: Our research results on decentralized scaling methods stem from 2015 to 2020; SRC20 founder: Fractal is neither Bitcoin nor L2, but a Shitcoin
September 27 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Grayscale: Announces Top 20 Tokens Expected to Surge by the End of 2024, Adding 6 New Tokens Including SUI and TAO
- Data: Polymarket Predicts Trump's Winning Probability at 49%, Harris's Winning Probability Rises to 50%
- Data: Polychain Invested $20 Million in Celestia, Has Sold $82 Million in Staking Rewards Despite Not Being Unlocked
- Matrixport: Bitcoin Likely to Experience a Significant Price Rebound in Early October
- Arthur Hayes: Now is the Time for Meme Explosions, Don't Ignore PEPE
- The U.S. Will Release Personal Consumption Expenditures (PCE) Data Today at 20:30 Beijing Time
- Vitalik: Our Research on Decentralized Scaling Methods Originated from 2015 to 2020
- SEC Partially Wins Case Against Blockchain Company Opporty for $600,000 ICO
"What Important Events Happened in the Last 24 Hours"
Cryptocurrency asset management firm Grayscale has updated its investment strategy, announcing 20 cryptocurrencies expected to perform significantly by the end of 2024. The Grayscale research team believes that emerging themes in crypto include the rise of decentralized AI platforms, tokenization of traditional assets, and the continued popularity of Memecoins. This time, they added 6 new altcoins to the top 20 list, including SUI, TAO, OP, HNT, CELO, and UMA, while excluding assets like Render, Mantle, ThorChain, Pendle, Illuvium, and Raydium this quarter.
According to Polymarket data, Trump's probability of winning the 2024 U.S. presidential election is 49%, while Harris's probability has risen to 50%.
According to X platform user @gtx360ti, Polychain invested approximately $20 million in Celestia's Series A and B funding rounds. Currently, not a single token has been unlocked, but they have sold over $82 million worth of TIA through staking rewards, achieving more than 4 times the investment return.
Matrixport: Bitcoin Likely to Experience a Significant Price Rebound in Early October
Matrixport released a report stating that Bitcoin is likely to rebound significantly by the end of the year, surprising many market participants.
The report noted that although Bitcoin has been in a consolidation phase since reaching an all-time high in March 2024, the year-to-date return has reached +49%, comparable to the historically predicted +47% return. Based on Bitcoin's performance over the past decade, if this historical trend continues, a significant price rebound is likely in early October. The coming weeks and months will be an exciting transformative period for all participants in the crypto asset space.
Additionally, Ethereum miner fees have seen a slight rebound, indicating that the summer consolidation phase for crypto assets may be coming to an end. Whether this rebound momentum will continue requires a more detailed and rigorous analysis of Ethereum's revenue and miner fee trends. Closely monitoring these indicators can provide insights into whether the recent rebound is sustainable. If it is not sustainable, it may indicate a new change in the logic of market activity.
Arthur Hayes: Now is the Time for Meme Explosions, Don't Ignore PEPE
BitMEX co-founder Arthur Hayes stated on his social media, "Now is the time for Meme coins to explode. I respect my $MOTHER, I respect $MOG like others do, but I cannot ignore $PEPE."
The U.S. Will Release Personal Consumption Expenditures (PCE) Data Today at 20:30 Beijing Time
The U.S. will release Personal Consumption Expenditures (PCE) data today at 20:30 Beijing Time.
Last week, the Federal Reserve lowered the federal funds rate target by 50 basis points, indicating greater confidence that inflation will continue to return to the 2% target level. The market generally expects the PCE data to provide additional support for this stance. Economists unanimously believe that the month-on-month growth rate of core PCE in August will be close to 0.2%, consistent with the price increases in June and July.
Vitalik: Our Research on Decentralized Scaling Methods Originated from 2015 to 2020
Ethereum co-founder Vitalik Buterin stated on social media, "In 2015, we didn't know about Rollups and Plasma. Data availability sampling had not yet been invented. We didn't know when SNARKs would be feasible. Basically, everything we know about how to scale in a decentralized way comes from downstream research conducted between 2015 and 2020."
SEC Partially Wins Case Against Blockchain Company Opporty for $600,000 ICO
The U.S. Securities and Exchange Commission (SEC) has achieved a partial victory in its case against blockchain company Opporty and its founder Sergii Grybniak.
The court ruled that Opporty illegally sold unregistered securities during its ICO in 2018, violating U.S. securities laws. The SEC previously accused the company of fraud through its initial coin offering (ICO), raising approximately $600,000. The judge also determined that Opporty's token "OPP" constitutes an investment contract and should be registered with regulatory authorities.
However, Opporty argued that its sales complied with exemption provisions, and the judge acknowledged some reasonableness in this defense.
SRC20 Founder: Fractal is Neither Bitcoin Nor L2, But a Shitcoin
SRC20 founder Mike In Space stated on the X platform that Fractal is neither Bitcoin nor a Bitcoin-like product or L2, but a Shitcoin.
Additionally, the SRC20 project OpenStamp launched on Fractal yesterday, and the account received attention from Mike In Space. However, due to network issues with Fractal, minting was difficult, and the official team halted minting and will fully refund users who experienced failures.
According to Fortune, Zhao Changpeng will be released early this Friday local time, two days earlier than his official release date, as prisoners are released early if their release date falls on a weekend. Zhao's lawyer stated that he does not wish to be interviewed on the day of his release. However, the media speculated about his next steps.
Zhao's first stop is likely to be Dubai or Paris, where his children live with their mother, He Yi. Additionally, the media expects that as Zhao is released, more details about the Giggle Academy project he initiated before his imprisonment may emerge in the coming months. Besides family and charity, the now-freed Zhao may turn his attention to a third pursuit: the cryptocurrency industry that made him extremely wealthy and dominated the past decade.
The "Giggle Academy" project aims to create free, fun, and easily accessible learning tools for impoverished children worldwide. However, as of now, Giggle Academy only has a website that has posted a few job listings, but detailed information about the project's timeline, funding sources, and scale has not yet been disclosed. This may be related to Zhao's recent legal troubles, and more specific details about Giggle Academy are expected to surface in the coming months.
DePIN Network Mawari Network Completes $10.8 Million Strategic Financing, Led by 1kx and Others
Decentralized content delivery platform Mawari's DePIN network, Mawari Network, announced the completion of $10.8 million in strategic financing, led by Anfield LTD, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, iAngels, Mulana Ventures, Parami Investors, Samsung Next, and Waldo Holdings, as well as angel investors Ivan Brightly, Joshua Frank, Pete Townsend, and Sean Carey.
This round of strategic financing brings Mawari's total funding to $17.3 million. Mawari plans to launch on the Solana mainnet in Q1 2025 and will conduct node license sales in Q4 of this year to expand its infrastructure.
Currently, the project serves 40 clients, including global brands like T-Mobile, Netflix, and BMW, with an annual revenue of approximately $1.5 million. Mawari focuses on real-time 3D content rendering and streaming, supporting VR, AR, and XR devices, and has obtained 3 patents, with 11 more pending.
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Recently, the highly anticipated modular blockchain Celestia has fallen into a trust crisis, with claims that "the disclosed $100 million financing is actually an OTC token sale, announced just before large unlocks." This series of confusing operations has pushed the modular public chain leader Celestia into the spotlight.
The community questions Celestia's actions, suggesting there may be collusion with VCs or institutions to "pump" the token price and sell off before unlocks, announcing the OTC token sale as financing news to create a favorable impression and manipulate retail investors into buying in for personal gain.
In the community's view, the Celestia Foundation failed to provide necessary transparency regarding this OTC transaction, instead packaging it as financing news, which misled investors and triggered a trust crisis.
However, as of the time of publication, Celestia has not responded to this incident.
Crypto Growing Pains: CZ Returns, Can Confidence and Innovation Be Revived?
After four months in prison, CZ is expected to return in a few hours. This Chinese entrepreneur has led Binance to become a global giant, officially passing through the first major "tribulation."
Looking back at the historic November 22 last year, CZ pleaded guilty, resigned as CEO of Binance, and accepted a staggering fine of over $4 billion, causing the crypto market to plunge into turmoil.
However, with CZ and Binance's acceptance of penalties, crypto officially ended its chaotic era. Shortly after, the U.S. Bitcoin spot ETF and Ethereum ETF were approved, allowing new crypto players to exert their financial power in the U.S. elections, making crypto no longer niche.
During CZ's nearly year-long absence, it was also a critical period for Binance and the entire crypto market to transition from chaos to strong compliance, moving from niche to mainstream.
Under the leadership of He Yi and new CEO Richard Teng, Binance's business has developed steadily, with September marking the first time Binance's historical trading volume surpassed $100 trillion.
However, not everything has gone as smoothly as expected. Facing a rapidly changing crypto market, Binance has inevitably experienced strategic confusion and has been embroiled in significant controversy over its listing strategy.
Binance's fate is a microcosm of the crypto industry. Amid the alternating cycles of crypto, hope and confusion intertwine.
Although the massive influx of funds from Wall Street briefly pushed Bitcoin above $70,000, crypto innovation seems to have failed to keep pace, with project teams, VCs, and retail investors not enjoying the immense wealth seen in the previous bull market cycle. This round of crypto bull market has thus been criticized as a false bull market.
As the Federal Reserve approaches the beginning of its rate-cutting cycle, can the return of crypto totem CZ inject confidence and innovative vitality back into the confused crypto market?
2024 Airdrop Performance Analysis: Why Did Nearly 90% of Token Airdrops Fail?
The report analyzed 62 airdrops across 6 chains, revealing that 88% of the tokens from the airdrops have seen price declines, with most dropping sharply within 15 days. Price changes after airdrops mainly occur in the initial days. Three months later, very few tokens manage to achieve positive returns, with only a handful reversing this trend.
With its round body, cute yet awkward appearance, unique name, and exaggerated expressions, the little pygmy hippo Moo Deng (Bouncing Pig) from Thailand has gone viral globally overnight, quickly becoming a meme generator. Under the unstoppable charm of the "Bouncing Pig," this new international internet celebrity has driven the "Hippo Economy" to flourish, with crypto investors starting to explore various ways to profit, even reviving the zoo trend and significantly boosting the MEME economy.
Recently, at the Khao Kheow Zoo in Chonburi, Thailand, a two-month-old pygmy hippo gained worldwide attention for its playful interactions with its keepers. This little Cancer sign hippo is very "rebellious," often trying to "eat" its keepers, getting scared by water sprays, and struggling during baths, almost falling over… These meme-worthy expressions have made Moo Deng a popular subject for meme creation, even appearing in Time Magazine and generating related memes on Twitter and Walmart.
Current Status of Japan's Stablecoin Market: Regulation First, Development Awaits
Although the regulatory framework for stablecoins has been established for over a year, the yen still holds a small share in the stablecoin market.
