ChainCatcher news, according to Dongwang reports, the Deputy COO of Victory Securities published an analysis stating that the virtual asset market has reached the lower end of a volatile trend. Last week, Bitcoin's price dropped by approximately 4.25% over the week, while Ethereum fell by about 5.29%. The decline in virtual assets is mainly due to the impact of U.S. economic data, but from the perspective of the virtual asset market, it still shows resilience.In terms of capital flow, about $706 million flowed out of the over-the-counter Bitcoin ETF last week, and approximately $98 million flowed out of the Ethereum ETF. Despite the outflow of funds, if market sentiment remains positive, it may only be a temporary adjustment rather than a change in the long-term trend; the open interest in Bitcoin contracts on exchanges is at a historical high, which usually indicates that capital remains in the market, showing traders' strong commitment to the market.This dynamic of funds may reflect market participants' recognition of the current price level and signs of optimism for the mid-to-long-term in the latter half of the bull market. From a spillover effect perspective, the average market capitalization ratio of the top 10% of U.S. listed companies to the average market capitalization of the other 90% of U.S. listed companies has reached twenty-eight times, indicating a concentration of leading companies, which suggests that a rotation within U.S. stocks may soon unfold, potentially leading to a decline in virtual assets.In this week's fluctuations in the virtual asset market, the prices of Bitcoin and Ethereum have experienced a decline, but this does not necessarily indicate a change in the long-term trend. Market volatility is an inherent characteristic, and investors should pay more attention to the fundamentals and long-term value of the market. As the market develops and matures, more stability and predictability may be anticipated.

ChainCatcher news, Aave and Lens Protocol founder Stani Kulechov stated, "In light of the recent arrest of Telegram's CEO Pavel Durov, I have been reflecting on how to build a 'resilient approach' that can uphold various rights, even when these rights (such as freedom of speech and content moderation) may conflict with each other.First, when discussing resilient software, it is important to move away from the concept of 'decentralization.' 'Decentralization' is a term that can easily lead to misunderstandings, and its meaning is rarely agreed upon.Instead, the construction of social networks should focus on resilience. In fact, resilience means minimizing any potential single points of failure that could undermine or affect the functionality and integrity of the network. This concept is easier to understand and measure.For example, the most successful DeFi projects today are built this way. They do not necessarily aim to achieve a certain level of decentralization, but rather to ensure that protocols like Aave can withstand potential threats and single points of failure from various participants.A truly resilient social network is a system that is extremely difficult to penetrate or disrupt by any single entity or coalition of entities.Resilience ensures that participation in the network or protocol is safeguarded at all levels. The flow of information should be resilient against manipulation or biased censorship. Administrators should be protected from undue influence. Content should be able to resist deletion by operators and be fully controlled by its authors.Currently, blockchain technology provides a means to achieve resilience. At its core, blockchain ensures access control (who can write) and secure storage of value (assets). It can determine who can publish in the information flow, join communities, moderate content, serve as legitimate fact-checkers, and how funds are allocated within the network. Additionally, it enables a community-driven framework for selecting administrators or fact-checkers through voting mechanisms.For resilience to be effective, accountability and transparency are key. Transparent networks are more likely to ensure resilience, and if privacy is needed, guarantees like zero-knowledge proofs (ZK-proofs) can provide verifiability while ensuring transparency. Public blockchains have these features built-in.I believe that a truly resilient social network will unlock new interesting use cases, as developers will no longer have to worry about being shut down.These foundational principles will guide the development of Lens V3."

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong posted on X that the market may shift to favor crypto projects that have demonstrated their product-market fit (PMF) and resilience across multiple market cycles.These projects may be re-rated to a higher market capitalization, while those with low circulation and high market cap (FDV), which have been continuously hyped, will see little effect.Some of these companies are undervalued and have even become more dominant over the past few years. Ultimately, their price-to-earnings ratio will no longer be below 20 times.

ChainCatcher news, according to The Block, the European Parliament has passed the cybersecurity legislation for digital finance and crypto asset service providers, the Digital Operational Resilience Act (DORA), with 556 votes in favor and 18 against. The regulations related to this law will come into effect 24 months after being published in the Official Journal of the European Union, expected in 2025.DORA aims to coordinate the risk management requirements and processes for reporting cybersecurity incidents. Financial institutions will be required to monitor and report security incidents, and technology service providers will be under the supervision of European regulators. DORA stems from the EU's 2020 Digital Finance Package. Additionally, the vote on MiCA has been postponed until February next year. (source link)