Weekly Recommendations | The cross-chain expansion of Uniswap involves hundreds of millions of dollars in interests; Damus has been removed from the App Store in mainland China
Inventory of early ecological projects in Injective's $150 million ecological plan; If USTC re-pegs, it may cause the LUNC community to split again; BNB Greenfield will serve as a new public chain to bridge storage and computation.整理：饼干，ChainCatcher
1. “How Did the Famous Wall Street Law Firm Get Caught Up in the FTX Scandal?”
The law firm Sullivan & Cromwell, established in 1879, is the preferred choice for giant companies worldwide. However, the Financial Times believes that the firm may currently gain tens of millions of dollars in "windfall" as it helps guide the troubled FTX through bankruptcy without the involvement of its founder, with the fees to be paid from the bankruptcy estate.
2. “Injective Launches $150 Million Ecosystem Plan, What Are Its Early Ecosystem Projects?”
Recently, the DeFi-optimized public chain Injective announced the launch of a $150 million ecosystem plan, making this ecosystem fund one of the largest in the Cosmos community. Since last year, the Injective ecosystem has been gradually expanding. This article will analyze the standout and unique applications within this ecosystem, combined with the Injective ecosystem map compiled by the crypto data site RootData.
3. “a16z: The Traps, Solutions, and Future Prospects of Token Design”
This article is excerpted from a video by Eddy Lazzarin, the engineering lead of the a16z cryptocurrency team, divided into three parts: first, common thought patterns in token design; second, token classification, discussing what tokens really are and how we think about developing and enhancing their capabilities; finally, the technology tree theory, exploring how to leverage technology to make our designs more likely to succeed.
Since the second half of last year, zk-Rollup scaling projects have begun to intensify their efforts, continuously catching up, with related solutions and projects emerging and gaining more funding and attention. As everyone praises zk for its bright future, its competitor, Optimistic Rollup, has become restless, leading to the first direct confrontation between ZKR (zk-Rollup) and OR (Optimistic Rollup) at the beginning of 2023.
5. “Overview of Key Information on Hong Kong's Latest Proposed Stablecoin Regulation”
On January 31, the Hong Kong Monetary Authority released a 36-page document titled "Conclusion on the Discussion Paper on Crypto Assets and Stablecoins," which broadly outlines the proposed regulatory parameters based on feedback from previous discussion documents. It prioritizes the regulation of stablecoins that reference fiat currencies and may be used for payments, detailing regulatory activities, implementation timelines, licenses, and regulatory principles.
6. “Behind Uniswap's Cross-Chain Expansion is a War Between Top VCs a16z and Jump”
During the "heat check" voting from January 27 to January 31, Wormhole won the vote to become the cross-chain bridge between Uniswap and BNB Chain. Although the formal vote to approve Wormhole as the cross-chain bridge between Ethereum and BNB Chain has not yet occurred, three sources indicate that the struggle among behind-the-scenes cryptocurrency investors could lead to different outcomes—this involves hundreds of millions of dollars in interests.
7. “The Rise of Aptos: What’s Behind It?”
The native token APT of Aptos is undoubtedly one of the most eye-catching crypto assets this year, with its price nearly increasing sevenfold in the past month, rising from a low of $3.08 to a peak that once surpassed $20. This article will explore the various factors behind APT's recent surge.
8. “The Creator Economy in Web3 Games: Challenges of User-Generated Content from Games to Platforms”
Gaming is one of the few real opportunities to expand to a billion users in the consumer-facing digital asset ecosystem. First, gamers are already accustomed to digital assets; they often pay for in-game transactions (i.e., items). Second, it is a high-frequency transaction use case that our current financial infrastructure cannot serve well in the global market. Finally, games help us shift our attention and provide key features like community.
9. “Understanding BNB Greenfield: A New Public Chain Connecting Storage and Computing”
On the evening of February 1, BNB Chain released the BNB Greenfield white paper. This is the third chain in the BNB ecosystem, following BNB Beacon Chain and BNB Chain. For developers and users, the most noteworthy aspect of this chain is its ability to handle both storage and computing. This innovation may bring a wealth of imaginative new use cases in the future, and its broad scenarios and application prospects also provide new value capture channels for BNB.
10. “In-Depth Analysis: If USTC Repegs, the LUNC Community May Split Again”
The original Terra community proposal #11324 "Repeg USTC to LUNC" was passed, causing a significant rise in its token. However, the resistance to re-establishing the peg between USTC and LUNC is considerable, making it difficult to achieve in the short term, and this proposal may also lead to a potential split in the LUNC community again. Do Kwon has focused on building the Terra ecosystem, drifting further away from Terra Classic.
11. “After Two Days of Launch, Damus Was Removed from the Apple App Store in Mainland China”
Nostr achieves censorship resistance through a "relay system," where relays are responsible for receiving posts and distributing them to network participants. Social networks operating legally in China contain censorship tools to remove illegal content or information banned by authorities. Anonymity does not exist, as user registration requires submitting real personal information.
12. “Diva Testnet Set to Launch Soon, Meet the Financing Star of the LSD Track”
The Ethereum Shanghai upgrade is set to arrive in March this year, allowing stakers to withdraw previously staked ETH. Recently, the anticipation of the upgrade has also brought considerable attention to the LSD track, with the new player Diva set to launch its testnet soon. What highlights do latecomers in this track have? What opportunities can they bring us?
