ChainCatcher message, crypto analyst Willy Woo stated on his personal social media that under the BTC price ratio model, an exponential Bitcoin bull market has not yet begun. The changes relative to Bitcoin halving indicate that the current cycle may structurally be a mix of the 2013 (strong demand) and 2017 (spot dominant) cycles. The year 2020 was a washout year controlled by derivatives.Willy Woo described this BTC price model as a combination of three different price models moving relative to each other. These three price models are: 1. VWAP price (on-chain "investor" trading volume); 2. Realized price (cost basis); 3. CVDD price (long-term holders selling, also known as the "bottom" model).

ChainCatcher news, the number of wallets staking Pyth tokens has surpassed 110,000, showing exponential growth over the past few weeks. The recent surge in Pyth staking may also be attributed to expectations regarding potential airdrops for Pyth stakers.It is reported that Pyth is a decentralized oracle network specifically designed to provide real-time, off-chain market data for blockchain applications.

ChainCatcher news, Polygon's zkEVM has launched its second testnet, which will trial a new upgrade called "recursion." Polygon claims this could lead to exponential scaling for Ethereum. Polygon did not disclose a specific timeline for the mainnet launch but stated that this testnet is the "final step" before its mainnet release.Previously reported, in October this year, Polygon launched its first Polygon zkEVM testnet. (Source link)

Chain Catcher news, the DeFi rating project Exponential announced the completion of a $14 million seed round financing, led by Paradigm, with participation from Haun Ventures, FTX Ventures, Solana Ventures, Polygon, Circle Ventures, and over 80 angel investors.It is reported that Exponential's product is currently still in the testing phase, and it will establish a rating system focused on the DeFi market, using scores from A (best) to F (worst) to evaluate different pools, tokens, etc. The rating criteria include the specific design of the protocol and chain, past issues that have occurred, dependencies on other projects, and more. In addition to the rating system, Exponential will also launch a custodial wallet. (Fortune)