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Chain News Weekend Recommended Reading|The founder of Stone Ridge talks about the value of Bitcoin and captures the DeFi whale (www.blockcast.cc)

Recommended reading on the weekend | Understand the DeFi automatic market maker and gain insight into the current status of Bitcoin mining

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“Founder of Stone Ridge: Understanding Bitcoin, My Four Personal Epiphany Moments”
Cross-time, spatial saleability, difficulty of mining adjustment, clean energy catalyst.
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“Someone caught a DeFi giant whale, which accumulated net worth of US$280 million in five months.”
An Ethereum address created in August last year has received 200,000 to 400,000 U.S. dollars in mining revenue every day for half a year, and its total net assets have grown to 280 million U.S. dollars!
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Recommended reading on the weekend | Understand the DeFi automatic market maker and gain insight into the current status of Bitcoin mining

Link news editing time

“Founder of Stone Ridge: Understanding Bitcoin, My Four Personal Epiphany Moments”
Cross-time, spatial saleability, difficulty of mining adjustment, clean energy catalyst.
Read the full text

“Someone caught a DeFi giant whale, which accumulated net worth of US$280 million in five months.”
An Ethereum address created in August last year has received 200,000 to 400,000 U.S. dollars in mining revenue every day for half a year, and its total net assets have grown to 280 million U.S. dollars!
Read the full text

“Scientist in Action: Hunting the Rush Robot in the Dark Forest of Ethereum”
How do preemptive trading robots intercept funds? How to avoid the doom of being preemptively traded?
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“On the eve of the outbreak of community tokens: This is the incremental market with the most potential for crypto finance to connect with the real world”
Payment for knowledge, crypto finance, ownership economy and talent IPO.
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Cool stuff

“How to make NFT investment more convenient? Analysis of NFTX Operation Mechanism and Token Economy”
The NFT index fund NFTX has been launched on Ethereum. It uses NFT as collateral to create ERC 20 tokens for trading to promote better circulation of NFT artworks.
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“MetaMask has not issued a currency yet, but you need to understand it”
You must not know that this Ethereum portal with 1 million monthly active users has already begun to make money. Three months after it went online, MetaMask Swap has earned more than US$2 million in revenue.
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“DuckDAO, a little yellow duck that quickly became popular, can it change the early investment game of the currency circle?” 》
DuckDAO is a decentralized incubator supported by the community. The goal is to provide all community users with an opportunity to invest in early crypto projects, so as to provide funds, expertise and marketing support to potential cryptocurrency projects.
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Industry Insight

“Founder of Stone Ridge: Who said it’s too late to buy Bitcoin? 》
People are always accustomed to underestimating the power of modern technology’s network effects. Amazon does it, and Bitcoin does it.
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“If Kanye and Kardashian divorce, how should they divide their bitcoins? 》
From a legal point of view, both parties can sell bitcoin and redistribute the funds, or they can directly split the encrypted assets.
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“I Collection: A Collection of Tips and Cheats for Encrypted Asset Security Protection”
Nine encrypted asset security protection kits are given to Lianwen readers.
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“The founder of Pantera Capital talks about the intrinsic value and irreplaceability of Bitcoin”
In 30 years, every country’s central bank will own Bitcoin, and some central banks may even give up gold.
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A few things not to miss

Important project progress

  • BarnBridge announced its 2021 roadmap, will launch BarnBridge DAO and release SMART Yield Bonds
  • 1inch will start a new round of liquidity mining plan on January 9th
  • Aave asked the community for opinions to decide whether to upgrade the economic model or increase the safety incentive to 550 AAVE per day
  • Due to lack of financial transparency, 12 related employees of Aragon resigned collectively
  • Decentralized content publishing platform Mirror launches the most streamlined and practicable product that can store content in Arweave
  • Parity launched the ” Participation Lottery ” system to encourage the community to participate in on-chain governance, and its module code has been incorporated into Substrate
  • NFT index fund NFTX officially launched governance tokens , and opened NFTX and NFT index fund PUNK capital pools on Uniswap
  • The public chain Solana will unlock nearly 80% of the total tokens around January 7, and the unlocked amount will be 8 times the current circulation
  • Ethereum 2.0 pledged liquidity solution Lido officially launched the governance token LDO
  • Cover Protocol officially launched a new COVER token, which is currently available for users to claim
  • OpenBazaar, a decentralized market trading platform, plans to close its service due to exhaustion of donated funds
  • Polkadot testnet Rococo V1 will open parachain test qualification registration on January 11
  • ZKSwap, a decentralized exchange based on ZK Rollup, announced the economic model , and 60% was allocated to community mining
  • Aavegotchi postponed the mainnet and considered launching Matic’s Layer 2 expansion plan first

Investment and Financing

  • Blockchain multiplayer NFT game My Neighbor Alice completed $2.1 million in financing , NGC participated in the investment
  • Furucombo completes $1.85 million seed round financing, which will be used to expand the team and develop the v2 version
  • Argentine crypto exchange Ripio acquires Brazil’s second largest exchange BitcoinTrade for an undisclosed amount
  • Polkadot’s decentralized infrastructure platform Apron Network completed seed round financing, with participation of Vega, PAKA and NGC

Data and research report

  • Messari data: the past seven days Bitcoin real transaction volume of $ 67 billion, a record high
  • Data: The one-month implied volatility of Ethereum against Bitcoin reaches a record high
  • Data: DeFi’s total locked position exceeded US$30 billion for the first time, but the number of ETH locked positions decreased by more than 25% compared to 3 months ago
  • Data: The average website traffic of crypto exchanges increased by 20% month-on-month in December 2020
  • Statistics: The total market value of global cryptocurrencies exceeds one trillion US dollars, with Bitcoin accounting for more than 67%
  • JP Morgan Chase report : Bitcoin long-term target price will reach 146,000 US dollars

Transaction and market

  • The price of Bitcoin once exceeded 40,000 USDT, hitting a new record high; the market value of Bitcoin rose to the sixth place in the global market value of assets, surpassing Tesla
  • Coinbase jumped from 300 to 30 in the Apple App Store ranking within a week
  • BitMEX has completed the user identity verification program, and the verified transaction volume has exceeded 100 billion US dollars since December 4
  • Grayscale removes XRP transactions from its DLC fund, XRP accounts for approximately 1.46% of the fund

Big company progress

  • Grayscale CEO: Grayscale plans to launch six new products in 2021, pension funds and endowment funds are also seeking exposure to Bitcoin
  • Bakkt intends to merge with VPC, a blank check company, with a valuation of over US$2 billion
  • Coinbase acquires Routefire, a transaction execution infrastructure company, to help develop its institutional product suite
  • American campus loan SoFi is negotiating backdoor listing , with a valuation of US$8.65 billion
  • Korean game company Nexon plans to cooperate with Bithumb shareholder Vidente to acquire Bithumb for US$460 million
  • Google cloud is recruiting Chinese district “block chain business development manager.”
  • BC Technology Group intends to raise US$90 million by placing shares and Morgan Stanley will act as the sole placing agent
  • Tetragon, the lead investor of Ripple’s Series C financing, sued Ripple for redemption of shares, and Ripple responded that the XRP properties have not yet been determined
  • Marathon Patent Group completed the capital raising of 200 million US dollars, will pay the mining machine tail payment to Bitmain and expand its business
  • The total amount of Grayscale Bitcoin Trust held by Three Arrows has increased by 85% compared to six months ago, and its current value exceeds US$1.2 billion
  • Skybridge Capital officially launched its Bitcoin fund , with a current asset management scale of US$310 million
  • Ninth City cooperates with Kong Jianping to launch digital currency business

Market voice

  • The Governor of the Bank of England questions the business model of Facebook’s stablecoin project Diem
  • Economic Daily Commentary: Entering Bitcoin cannot blindly
  • Ripple CEO: It has tried to settle with the SEC and will make a preliminary response in a few weeks
  • Andre Cronje announces an update on the progress of the merger or cooperation project
  • Bill Miller, founder of hedge fund Miller Value Partners: Bitcoin may replace cash, the market underestimates the risk of inflation
  • a16z partner : If FinCEN continues to advance the proposed rules for crypto wallets, a16z will raise an objection in court
  • Vitalik Buterin: Rollup is expected to become a key expansion solution for Ethereum in the short to medium term

Supervision, macro dynamics

  • The State Administration of Foreign Exchange summarizes its work in 2020: enriching the application scenarios of cross-border financial blockchain service platforms
  • Since the legalization of crypto mining activities, Iranian authorities have closed 1,620 illegal mines
  • Israel Securities Authority: tokens issued by the company belong to the token type securities, subject to securities laws constraint
  • Central Bank: Properly carry out digital RMB pilot test
  • U.K. ban on the sale of cryptocurrency derivatives to retail investors officially takes effect
  • US FinCEN extends the deadline for comments on non-custodial crypto wallet reporting rules to January 7
  • The U.S. Office of the Comptroller of the Currency allows the Commonwealth Bank to use blockchain and stablecoins for settlement and issue stablecoins

safe question

  • Slow fog: DeFi project Pickle Finance pDAI pool stolen funds changed after 47 days of silence, 15 million DAI was transferred

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Preview next week

January 9 (Saturday)

January 10 (Sunday)

January 11 (Monday)

January 12 (Tuesday)

  • DeFi aggregation platform Furucombo will launch native token COMBO

January 13 (Wednesday)

  • Binance US suspends XRP trading and deposit services

January 14 (Thursday)

  • Hiro Systems PBC (before Blockstack) start Stacks2.0 main network

January 15 (Friday)

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