Recommended Reading on Chain News Weekend | Asking Encryption World Inspectors 2021 (www.blockcast.cc)
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“20/21 Questions and Answers: What are the coolest, steadfastly optimistic, and overvalued in the crypto world”
Asked by the chain, an insight into the crypto world, please answer.
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“20/21 DeFi Review and Prospects: The Rise of Emerging Value Networks and the Potential of Wall Street Interface”
Maple Leaf Capital released a report to discuss the investment theme of the rise of emerging value networks and the DeFi investment ideas under this theme. This can be seen as a meaningful review of the DeFi field in 2020 and a prospect worth thinking about in 2021.
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“Happy New Year 2021: 2020 in the Snapshot Encrypted World”
We use 18 charts to take a snapshot of the digital asset market in 2020 that has just ended.
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Cool stuff
“Five minutes to understand the leveraged ETF DeFi trading platform SynLev”
The encrypted version of leveraged ETF financial instruments require no margin and no liquidation risk.
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“Exploration of Storage Computing Paradigm: A Brief Analysis of the Operation Mechanism of the Cross-Chain Payment Protocol everPay”
With the help of storage computing paradigm and placing the computing process off-chain, everPay can achieve a high-performance payment and settlement experience.
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Industry Insight
“On DeFi’s Unique Value Proposition: From Cooperative Game to Non-cooperative Game”
DeFi’s permissionlessness and composability may bring about a paradigm shift in existing finance.
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“1inch debates with the community: Should the DeFi team profit from user transactions? 》
1inch, who had just airdropped the “10,000 yuan red envelope” to users, was questioned about “getting wool from users”. The 1inch team and the community had a heated debate.
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“Understanding the Bitcoin Risk Spectrum: How is it different from the USD risk spectrum? 》
Bitcoin’s risk spectrum has two unique blocks: cold storage and lightning network, they do not have any counterparty risk.
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A few things not to miss
Important project progress
- Ethereum’s expansion plan, Optimism, is scheduled to be soft-launched on the mainnet on January 15 and the community public beta will be released on March 15
- UMA founders and investors’ tokens will be locked for an additional two years, and the foundation will have a surplus of more than 15 million US dollars
- Ethereum Optimistic Rollup Expansion Solution Fuel 1.0 version goes live on the mainnet, up to 500 TPS
- YFI founder Andre Cronje launches experimental project yCredit, which can tokenize earnings credit
- DeFi aggregation platform Furucombo will launch its native token COMBO on January 12, 2021
- Statistics: The support rate for activating the Bitcoin soft fork Taproot exceeds 91%
- Cover Protocol is still planned for release in 2021 Q1 v2 version , the next few days will be announced compensation plans; Cover Protocol will provide all- new tokens to the time point before the attack occurred as a snapshot allocation
- ParaSwap launches Aave V2 integration , allowing users to arbitrage between V1 and V2
Investment and Financing
- Crypto lending platform Vauld raises US$2 million, led by Pantera Capital
- Cross-chain DAO platform SubDAO has received seed round investment from FBG, Chuangshi Capital, PAKA and other institutions
- Tidal Finance, an open programmable insurance market, receives investment from Zonff Partners
- RAI Finance receives strategic investment led by NGC Ventures
Data and research report
- The number of monthly active users of Zerion, a one-stop DeFi application, increased by 12 times year-on-year, and the total number of active mobile users exceeded 16,000
- Data: Bitcoin network chain transaction volume exceeded 170 billion US dollars in December, second only to December 2017
- The total supply of multi-collateral Dai in the Maker agreement exceeds 1.1 billion, a record high
- The total market value of USDT surpassed US$20 billion, an increase of more than three times from March
- Data: DeFi’s total lock-up volume exceeded US$22 billion for the first time
Transaction and market
- Bitcoin broke through the 29,000 USDT mark, setting a new record high
- The scale of Grayscale’s crypto assets under management exceeds US$20.2 billion, which is nearly three times that of more than two months ago
- OKExChain’s original token OKT creation will begin on January 1, 2021. Users can pledge OKB to receive OKT
- Coinbase will suspend XRP trading on January 20, 2021
Big company progress
- GAC NIO advertises that it “accepts digital currency to pay for car purchases”; GAC NIO publishes an apology for the promotional content of “accepting digital currency to pay for car purchases”
- Bitcoin service custodian Xapo will withdraw from the U.S. market from March 2021
- Coinbase faces a class action lawsuit for collecting commissions from selling XRP, accused of violating the California Unfair Competition Law
- VanEck, an asset management company, once again applied to the US SEC to register a Bitcoin ETF
- Media: Multi-asset trading platform eToro plans to conduct an IPO at a valuation of USD 5 billion in Q2 2021
- Ripple responds to the SEC lawsuit: it will respond to unsubstantiated allegations in the coming weeks, and will continue to operate and support all products and customers; the US SEC v. Ripple case will have a pre-trial meeting on February 22, 2021
- Japanese Internet giant GMO has obtained a trust license issued by the New York State Department of Financial Services and will issue stablecoins linked to the yen
- Bridge capital investments on behalf of its fund investments worth $ 182 million bitcoins
Market voice
- Ethereum developers: MITH.CASH token contract has unlimited minting risk
- Gavin Wood: Substrate 3.0 version may be released in the first half of 2021
- Compound founder : The crypto industry is angry at the central bank’s crazy money printing, but found an algorithmic stable coin
- Chief Technology Officer of Tether: Tether is registered and supervised under FinCEN, and strict KYC/AML applies to all users
- Cinneamhain Ventures Partner: The US SEC is investigating more large projects and companies
Supervision, macro dynamics
- US regulator FinCEN intends to amend regulations , US citizens are required to report their cryptocurrency accounts
- Eight members of Congress sent a letter to the Secretary of the Treasury, hoping to extend the comment period for stricter cryptocurrency trading rules to 60 days
- Serbian government legalizes digital asset trading and issuance
- India is considering a Bitcoin transaction levy the goods and services tax of 18%
safe question
- Cryptocurrency broker Voyager Digital suffered a short-term cyber attack , and user funds and personal information were not leaked
- Cover Protocol, the DeFi insurance project, may be attacked to issue additional tokens out of thin air . The attackers have exchanged assets such as WBTC; Cover Protocol attackers have made a profit of nearly 2 million U.S. dollars or exchanged for real tokens by constructing fake tokens; attackers who issued additional cover One will return about 3 million USD in ETH
Preview next week
January 4 (Monday)
- Aave ecological NFT platform Aavegotchi the on-line main network
- YFDAI governance model put into use
- Shenzhen launches digital RMB red envelope draw
January 5 (Tuesday)
January 7 (Wednesday)
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