Recommended Reading on Chain News Weekend | How does the Ethereum Layer 2 ecology stand in line? Overview of global CBDC progress (www.blockcast.cc)

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“How does the Ethereum Layer 2 ecology stand? 》
Take a look at the ecological panorama of Ethereum’s eight expansion plans.
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“Introducing physical assets on the chain, from DeFi to HyFi: Securitize/Centrifuge alliance case study”
Centrifuge introduces assets from the physical industry to the chain, and it has always been an application example of blockchain technology that the chain is concerned about. Recently, Centrifuge has cooperated with Securitize, the two asset tokenization pioneers, are trying to jointly explore hybrid finance “HyFi” to introduce real-world assets and compliance services to the DeFi ecosystem.
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“In the year of global resonance for central bank digital currencies, how are the major economies progressing? 》
2020 is a booming year for CBDC. Whether it is the landing of a pilot project in China or the changing attitudes of the United States, Japan, South Korea and European countries, the exploration and research and development of CBDC is undergoing an unprecedented “global resonance” in history.
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Cool stuff

“DeFi New Species: Understanding the Design Highlights of Super-Current Mortgage Stable Coin ESD”
ESD has features similar to “DeFi ETF”. While possessing DeFi value capture features, its token price volatility is lower. These two features make it a high-quality super-current collateral.
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“After making an NFT card, Immutable also wants to be an NFT trading platform based on ZK Rollup”
The development company of the card game Gods Unchained is considering using StarkWare’s ZK Rollup technology to launch an NFT trading platform called “Immutable X”.
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“A Quick Look at Bancor Liquidity Mining Guide”
A core design of Bancor’s liquidity mining plan is to increase the reward multiplier mechanism, which will magnify the basic BNT reward by up to two times.
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“Understand how LN Clear, a Lightning Network Ecosystem, realizes the instantaneous settlement of Bitcoin OTC derivatives”
LN Clear, a private payment network based on Lightning Network technology, will first provide a brand new OTC trading environment for the Bitcoin options market.
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Industry Insight

“Compound liquidated more than 90 million U.S. dollars in one day. Could the Coinbase oracle be to blame?
It is unwise to use any single centralized data source as a price oracle machine.
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“Ethereum’s dark forest is spreading faster, how can Flashbots alleviate the “miners can extract value” crisis? 》
The competition of DeFi arbitrageurs has caused external influences and actual risks such as block chain network congestion. Flashbot aims to reduce these risks.
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“Understand three emerging social tokens with different personalities: WHALE, KERMAN and JAMM”
Social tokens are forming a new social graph through which people can build connections with communities, make friends, and exchange ideas.
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A few things not to miss

Important project progress

• The Math browser plug-in wallet supports the second-tier expansion plan of Ethereum Optimistic Ethereum
• Cosmos will complete the first phase of the development of the liquidity module at the end of November, which will enable a wider range of decentralized cross-chain transactions
• Aave v2 version will add flash loan batch processing function
• The public offering of the DeFi cross-chain project Kira ended , and the transaction price was approximately US$0.39
• Yearn and Cream developers will cooperate to launch Cream v2 with both lending and leverage services
• DeFi derivatives trading platform MCDEX Ethernet Square on the second floor expansion program Arbitrum Rollup start test network
• On-chain derivatives protocol Opium will soon launch OPIUM governance token and insurance services
• Pickle and Year cooperate to distribute a new token, CORNICHON, to victims of the Pickle attack
• The proponent of the “1:100 split of KSM” expressed ill-consideration and suggested to reject the proposal
• The Uniswap community’s proposal to extend liquidity mining enters a five-day consensus review stage
• The balance of the Ethereum 2.0 deposit contract address reaches the minimum requirement for the genesis block, which is 525,088 ETH
• Aave invests in Aavegotchi development team Pixelcraft Studios

Investment and Financing

• Chainalysis completes US$100 million Series C financing with a valuation of over US$1 billion, led by Addition
• Crypto derivatives exchange Globe completes $3 million seed round financing, Y Combinator and Pantera Capital participate in the investment
• ZKSwap, a decentralized exchange based on the second-tier technology of Ethereum, completed an angel round of financing of USD 1.7 million, and Bixin led the investment
• Decentralized insurance agreement InsurAce completes $1 million seed round financing, led by DeFiance Capital
• Blockchain financial solution, public enterprise AnChain completed tens of millions of RMB Pre-A round of financing led by Ivy Capital
• Blockchain-based privacy computing service provider “Impact Online” completes a multi-million dollar angel round of financing led by IDG Capital
• Polkadot data infrastructure component Kylin Network completes seed round financing

Data and research report

• Data: The number of Bitcoin addresses holding 1BTC or more has reached 800,000
• Cypherpunk Holdings increased Bitcoin holdings to 276.479 BTC
• Google Trends: Bitcoin and Ethereum search popularity is still much lower than in December 2017
• Skew data: Bitcoin futures open interest exceeded $7.4 billion, a record high
• Bank for International Settlements report : Stablecoins need automated supervision solutions
• JPMorgan Chase Report : Some gold ETF investors may be considering Bitcoin as an alternative to gold

Transaction and market

• Data: DeFi mortgage lending market cleared over US$94 million in 24 hours
• Data: After OKEx opened the withdrawal, 2,822 BTC flowed out in the first block time frame
• OKEx will open withdrawals at 16:00 on November 26
• Grayscale LTC trust premium soared to more than 5000%, BCH trust premium nearly 1000%
• Bitcoin dominates the App Store US financial applications
• Coinbase Pro will suspend margin trading from November 26 in response to regulatory guidance
• The OpenSea website of the NFT trading market failed for nearly 16 hours, which has exceeded the official repair time

Big company progress

• Analysis: Jump Trading, a high-frequency trading company, is in a low-price hunting mode
• Financial Times: Facebook will release Libra, which is pegged to the US dollar , as early as January next year
• Coinbase sent a letter to the U.S. Department of the Treasury with a number of crypto companies and investors expressing concerns about the “proposed regulations on non-custodial crypto wallets
• Bitcoin rebate platform Lolli supports users to earn Bitcoin shopping rebates on e-commerce platform eBay
• VanEck, an investment management company, launches Bitcoin ETN products on Deutsche Börse
• Media: billion state to complete four million international securities issuance, overweight application block chain technology to financial services
• BitMEX parent company 100x Group donated US$20,000 to Pidgin, an established IM client in the open source community
• The issuance of the Ethereum digital bond that CCB Labuan branch served as the issuance advisor has been cancelled

Market voice

• Compound founder: Unable to determine whether the DAI price surge on Coinbase Pro is man-made or accidental
• Chainlink co-founder: Chainlink and get fed from oracle DeFi price contracts are not affected
• Li Lihui: micro-channel digital currency substitution Alipay also remains to be seen , the future market development will be the process of choice

Supervision, macro dynamics

• Kazakhstan plans to introduce central bank digital currency in stages
• South Korea will determine the starting date of virtual currency taxation as soon as next week, and the starting date is expected to be postponed to 2022
• Media: Suzhou will launch digital RMB red envelope test on Double Twelve, supporting offline and NFC
• G20 Joint Communiqué : Until all legal, regulatory and supervisory requirements are fully met, any so-called “global stablecoin” should not start operating
• US regulators propose new regulations to prohibit large banks from discriminating against crypto companies

safe question

• The DeFi project Pickle Finance was attacked and lost nearly 20 million DAI. The security audit report was released this week; Pickle Finance officially disclosed the latest progress of the attack, and the PickleJar controller vulnerability has been fixed
• Multiple cryptocurrency platforms hosted by GoDaddy were attacked

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Preview next week

November 29 (Sunday)

• The ETC mainnet is scheduled to undergo a hard fork upgrade to Thanos at block height 11700000
• Bitcoin network is expected to increase the difficulty by 7.39% to 18.90T
• Ethereum 2.0 client Nimbus releases v1.0.0 version candidate

November 30 (Monday)

• The second-tier expansion project Celer Network start state Guardian network main network phase 1
• Polkadot ecological project Crust launches the first phase of the “Ark Project” incentive testnet
• Web 3 decentralized API service API3 will auction 20 million governance tokens on Mesa DEX
• Zcoin will be renamed “Firo” and launch the mainnet binary file of the next-generation privacy protocol Lelantus

December 1 (Tuesday)

• Ethereum 2.0 goes online, phase 0
• Resilient blockchain network Skale unlocks tokens

December 2 (Wednesday)

• Horizen (ZEN) will be halved at block height 840,000