ChainCatcher news, a new report from Binance Research warns of the high risks in the Meme coin market, showing that 97% of Meme coins fail or become inactive shortly after their launch.The report also reveals widespread manipulation, where organized groups meticulously plan to pump and dump coin prices, leaving everyday investors to bear most of the losses. Despite the promise of high returns from Meme coins, the report warns that these volatile assets are often fraught with traps.The report attributes the surge in popularity of Meme coins to economic pressures, particularly among the younger generation facing stagnant wages and rising living costs. However, the allure of high returns is misleading, as most Meme coins lack intrinsic value or technological innovation, relying instead on viral internet spread and speculative hype.Finally, the report notes that the explosive growth of Meme coins may distract attention from projects focused on advancing blockchain technology, potentially marginalizing projects with substantive technological goals. (CryptoSlate)

ChainCatcher news, the chairman of the Hong Kong Investment Fund Association, Yu Zhensheng, stated that they will gradually study and collaborate with relevant stakeholders and organizations to carry out investor education work, particularly in the area of virtual assets, with the aim of helping investors seize investment opportunities and achieve retirement and financial goals.

ChainCatcher message, Ethereum co-founder Vitalik Buterin published a new article titled "The Future Development of the Ethereum Protocol (Part Five): The Purge." The article states that one of the challenges facing Ethereum is that, by default, the expansion and complexity of any blockchain protocol tend to grow over time. This occurs in two areas: historical data and protocol features.To ensure the long-term sustainability of Ethereum, strong counter-pressure needs to be applied to both trends, reducing complexity and bloat over time. At the same time, one of the great features of blockchain needs to be preserved: permanence.The key goal of The Purge is to reduce the storage requirements for clients by decreasing or eliminating the need for each node to permanently store all historical records, and possibly even declaring them obsolete; and to lower protocol complexity by eliminating unnecessary features.

ChainCatcher news, according to Jinshi reports, the Israel Defense Forces issued a statement on the morning of the 26th local time, stating that the Israeli military completed its attack on Iran that day and achieved its set goals.The statement indicated that Israeli Air Force fighter jets attacked Iran's missile production facilities, surface-to-air missile arrays, and other installations, with all Israeli aircraft safely returning to Israel.Meanwhile, the Iranian air defense forces stated that Israel attacked several military centers in Tehran, Khuzestan, and Ilam provinces. The air defense system successfully tracked and retaliated against Israel's "aggression," although certain locations suffered limited damage.

ChainCatcher message, Vitalik releases the future development of the Ethereum protocol (Part Four: The Verge).Key objectives are as follows:Stateless clients: fully verified clients and staking nodes that require no more than a few GB of storage;(Long-term) fully validating the chain (consensus and execution) on smartwatches, downloading some data, and verifying SNARK.

ChainCatcher news, Vitalik released the future development of the Ethereum protocol (Part Three: The Scourge), proposing 2 key goals:Minimize the centralization risk of the Ethereum staking layer (especially in terms of block building and capital supply, i.e., MEV and staking pools);Minimize the risk of extracting excessive value from users.Vitalik emphasized that addressing issues such as the centralization bottleneck in block building, staking centralization due to economic reasons, the 32 ETH minimum staking requirement, and hardware requirements will contribute to the decentralized development of Ethereum.

ChainCatcher news, at the "10th Global Blockchain Summit" hosted by Wanxiang Blockchain Lab, Vitalik Buterin stated in his speech, "In the future, Ethereum can achieve over 100,000 TPS through L2, and transfers between any chains can be completed within 2 seconds, additionally forming a unified user experience. The infrastructure of Ethereum is also expanding, and the links of security are more important than EVM."

ChainCatcher news, Vitalik released a new article on the future development of the Ethereum protocol (Part 2: The Surge): "Possible futures for the Ethereum protocol, part 2: The Surge," with the following key objectives:Achieve 100,000+ TPS on L1 + L2;Maintain the decentralization and robustness of L1;Ensure that at least some L2s fully inherit Ethereum's core properties (trustlessness, openness, censorship resistance);Maximize interoperability between L2s. Ethereum should function as an ecosystem, not 34 different blockchains.The article states that the current task is to complete the rollup-centric roadmap and address related issues while maintaining the robustness and decentralization of Ethereum L1.

ChainCatcher message, Federal Reserve Chairman Powell stated: "We are fully focused on our goals. The overall economy is strong, and we are committed to maintaining robust economic growth. Our decision today reflects an increasing confidence that the strong performance of the labor market can be sustained. The Federal Reserve can maintain the strength of the labor market through policy adjustments."

ChainCatcher message, Ethereum protocol developer and Prysm maintainer Terence recently shared his views on his social platform, stating that Ethereum's roadmap is simpler than many people think, with most of it achievable within the next four years: maximizing data availability, improving censorship resistance, reducing trust through off-chain block construction and better slot utilization, achieving faster consensus finality, enhancing the staking user experience, finalizing staking economics, limiting execution layer storage, and implementing stateless execution.

ChainCatcher message, Layer1 blockchain Kava has announced its project goals for 2024 on platform X. 1. Infrastructure: Improve blockchain throughput, reducing block time to 2 seconds or less, achieving a throughput of 500 transactions per second. 2. Ecosystem: Introduce EVM-native liquid staking derivatives (stKAVA). 3. Community: Aim to have the first 10 million users use USDT as the primary collateral for various DeFi applications in Cosmos.

ChainCatcher news, Binance CEO Changpeng Zhao stated on social media that there are some speculations regarding the recent management changes at Binance.US. Brian Shroder has accomplished the goals he set when he joined the company two years ago, and now he should take a well-deserved break. Under his leadership, Binance.US raised funds, improved products and services, strengthened internal processes, and gained a significant market share, all of which contributed to building a more resilient company that benefits customers.Changpeng Zhao further stated that the crypto market is now in a different position, with a rapidly evolving and increasingly unfavorable regulatory environment. Former SEC, New York Federal Reserve Bank, Ripple, and DTCC executive Norman Reed is the best candidate to lead Binance.US.

ChainCatcher news, Swedish NFT football game development company Goals announced the completion of a $20 million Series A funding round, led by Reddit co-founder Alexis Ohanian's Seven Seven Six, with participation from Northzone, Moonfire, and Cassius. To date, the company's total funding has reached $39 million.The new funds will be used to accelerate the development of Goals' NFT football video game product, currently in the pre-alpha stage, and to incorporate Web3 social and competitive gaming elements, replacing traditional football game models like EA Sports FC. Additionally, the company plans to expand its team size to 75 people. (source link)

ChainCatcher news, the public blockchain project Klaytn announced today that its vision for 2023 is to achieve mass adoption through three elements: sustainability, verifiability, and community. This includes six strategic goals and 18 detailed initiatives, focusing on prioritizing the sustainability of the ecosystem, ensuring verifiability through transparent governance and operations, and fostering a strong and vibrant community.Among the sustainability initiatives are improving token economics strategies, optimizing the treasury, launching the Klaytn Community Fund and the Klaytn Foundation Fund, starting a permissionless network pilot in the second half of 2023, and optimizing node specifications; verifiability initiatives include forming a GC department committee, launching on-chain voting, and initiating quarterly ecosystem reports; community cultivation initiatives include developing and launching Klaytn's Oracle, opening the SDK, launching the Metaverse package, starting the KlayMakers23 hackathon, and launching the Alpha version of Web3 social infrastructure. (source link)

ChainCatcher news, Ben Zhang, co-founder and COO of Web3 infrastructure provider NodeReal, published an open letter reviewing NodeReal's progress over the past year and sharing NodeReal's strategic plans.Ben Zhang stated that in 2023, NodeReal will continue to optimize its strategic goal of "one-stop Web3 infrastructure": empowering high-performance blockchain optimization from both computing and storage aspects; continuing to build rollups and hybrid applications for specific use cases; providing fully managed, modular, and customizable block explorers using high-performance nodes and API services; and collaboratively identifying key API cases for DeFi data indexing APIs and compliance APIs with partners to create a more open API platform. (Source link)