Singapore TOKEN2049 Conference Event Tracking

TADA's parent company MVL reported a revenue of 27.5 million Singapore dollars in 2022, with the cryptocurrency business accounting for 37% of total revenue.

The cryptocurrency industry needs to return to practical application scenarios and avoid false prosperity.

ChainCatcher news, according to Cointelegraph, Chainalysis CEO Michael Gronager stated at the Token2049 in Singapore that government prosecutors and tax authorities will use AI Agents to regulate all cryptocurrency transactions and "solve crimes" within 5 years, and these AI Agents can even identify cryptocurrency tax evaders.

ChainCatcher news, Scroll co-founder Sandy Peng spoke at the "The Argument for Ethereum and Layer 2 Solutions" roundtable discussion on the first day of the TOKEN2049 main event, stating:When we started the Scroll project, one of our core missions was to provide a user experience that is as smooth as possible. Our idea is that everything about chains and wallets should be completely abstracted, and users should only see what they want from their mobile devices.Clearly, there is still a lot of work to do before we reach our goal, and our roadmap has never changed. This is why we are very focused on the end goal, which is also an aspect we need to manage properly in order to achieve interoperability between different blockchains, which have clearly found product-market fit somewhere. Layer 2 systems can work together as a whole, and end users do not need to deal with any choices.Currently, I believe the user experience has become so chaotic that the number of users who are truly active on-chain and engaging in operations is slightly decreasing. Yes, that is indeed the case.

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire spoke at the "The Next 3 Years in Crypto" roundtable discussion on the first day of the TOKEN2049 main event, stating:In the vision 1.0 version of Circle, this is essentially a world where the marginal cost of storing and transferring value is zero. In this world, the experience of users transacting on these mediums will be as simple and seamless as the user experience we have with major software tools on the internet. We are not fully there yet, but we are very close. However, I believe that in the coming year, we will make progress on relevant practical tools.I feel that as we approach that point (the vision 1.0 version), the velocity of money circulation and the actual economy in the world will significantly increase, and if we have such a high velocity of money circulation, the ability for people to gain economic benefits from it will be substantial.I believe we are still in the early stages; despite the tremendous progress made in decentralized finance (DeFi), we are just beginning to explore this field. I liken the current situation to when the iPhone was released, when there were many creative ideas about mobile devices.

The current cryptocurrency field is no longer in its early stages.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated during his keynote speech "What Excites Me About the Next Decade" on the first day of the TOKEN2049 main stage:People often say that crypto is still in its early stages, and we are still building the infrastructure. Indeed, it took a long time for something like the internet to materialize, and I think people have been saying this almost since the launch of Bitcoin. And one real challenge we face now is that the crypto space today is no longer in its early stages.Ethereum as a project has existed for over 10 years, and in the 15 years since Bitcoin's inception, we have seen things like ChatGPT evolve from completely non-existent to suddenly emerging and completely changing people's understanding of artificial intelligence.Therefore, we must ask ourselves a question: how should we view all of this? Are we really still in the early stages? My answer to this question is that I don't think we are in the early stages of crypto, but we are indeed in a special phase.

ChainCatcher news, at Token2049 held on September 18, BitMEX founder and Maelstrom CIO Arthur Hayes delivered a keynote speech titled "Thoughts on Macroeconomics Current Events."He stated that today is Fed Day, when the Federal Reserve will begin to cut interest rates, and ETH is an internet bond with a staking rate of about 4%. As long as the Fed's rate cuts lead to market expectations that U.S. Treasury yields will fall below 4%, ETH will become attractive, and an ETH bull market will emerge again. He also mentioned that with the Fed's rate cuts, there will be new winners and losers in crypto tokens, with those tokens that exceed U.S. Treasury yields being the winners, such as ENA, EHT, ETHFI, and PENDLE, while RWA tokens like ONDO will be the losers.