Weekly Recommendations | Quick Read: 10 Key Points on CFTC's Lawsuit Against Binance and Zhao Changpeng; Full 50-Page Charges by SEC Against Sun Yuchen and His Company
AC's views on Fantom, DeFi, and regulation; exploring the behind-the-scenes stories of crypto market makers Jump, Wintermute, Amber Group, B2C2, and DRW Trading.整理：饼干，ChainCatcher
1. “SEC's 50-Page Complaint Against Justin Sun and His Companies (Full Text)”
The U.S. Securities and Exchange Commission has charged Justin Sun and his three wholly-owned companies, Tron Foundation, BitTorrent Foundation, and BitTorrent, with illegal sales of unregistered securities, fraud, and market manipulation.
2. “Key Points of the CFTC's Lawsuit Against Binance and Changpeng Zhao”
On March 27, 2023, the Commodity Futures Trading Commission ("CFTC" or "Commission") filed a lawsuit against Changpeng Zhao ("Zhao"), Binance Holdings Limited, Binance Holdings (IE) Limited, Binance (Services) Holdings Limited, and Samuel Lim ("Lim"). This article summarizes the top 10 key points from the lawsuit.
3. “Reviewing the Risks and Opportunities in the USDC Depegging Crisis”
On March 11, the price of USDC dropped from $1 to $0.878. Subsequently, due to the joint rescue plan from the Federal Reserve, Treasury, and FDIC, market panic gradually subsided, and the price of USDC returned to near its usual level. This article will explore the performance of the most affected lending and trading protocols, decentralized stablecoin systems during the USDC depegging crisis, and potential trading opportunities.
4. “Overview of the Web3 Financial Regulatory Framework in the U.S. in 2022”
The United States is undoubtedly the leader in the global Web3 industry, with its inclusive and encouraging approach to technological innovation giving rise to numerous leading projects in the Web3 space. The emergence of many black swan events in the digital asset market in 2022, especially after the FTX collapse, will inevitably accelerate the U.S.'s determination to further improve the financial regulation of Web3.
5. “Multi-Ecosystem LSD Development Report: A Grand Track, Early Projects”
Today's report will explore the LSD development status and gameplay in other public chain ecosystems, observing the development trends of other ecosystem LSDs from a data perspective, the impact of data on the LSD industry, and discussions on LSD product design and fairness.
6. “IOBC Capital: Why RWA is the Next Engine for DeFi?”
The most popular RWAs currently include cash (USD), metals (gold, silver, etc.), real estate, bonds (mostly U.S. Treasury bonds), insurance, consumer goods, credit notes, royalties, etc., with asset scales far exceeding Crypto Native Assets. If a small portion of these RWAs is placed into the DeFi space, the total scale of DeFi will see a significant increase. This article provides a detailed analysis of the current development status, cases, opportunities, and risks in the RWA sector.
7. “Rollups-as-a-Service Guide”
The emergence of modular blockchains, Ethereum's rollup-centric vision, and Vitalik's acknowledgment of centralization for scalability in his article "Endgame" have almost made this future vision inevitable. In just the past six months, we have seen numerous announcements from RaaS projects—building lightweight, configurable rollup products with minimal code. This article will introduce a comprehensive list of current projects using modular blockchain solutions, namely RaaS projects.
Recently, according to relevant court documents, Mysten Labs reached an agreement with FTX debtors on March 22 to repurchase FTX's equity investment and SUI token warrants for $96.3 million in cash.
The 123-page document details the situation of FTX's investment in Mysten Labs in August 2022. Combining the court documents with a series of recent actions from Sui, Sui World has made some summaries and analyses.
9. “Interview with Andre Cronje: Reasons for Leaving, Views on Fantom, DeFi, and Regulation”
Camila Russo discusses DeFi, Fantom, regulation, and the challenges of becoming a niche celebrity with Andre Cronje, co-founder of Fantom.
Crypto market makers are essentially no different from traditional finance, providing liquidity to the market, quickly opening and closing positions, and profiting from the bid-ask spread. However, their operational models, technology, risk management, and regulation differ significantly.
MetaMask officially announced support for EIP-4361 last week, and many friends are puzzled by this protocol. On the surface, it seems not much different from a regular signature. This article interprets it, emphasizing that while EIP-4361 itself is relatively minor, the areas it can extend into are vast.
EIP-4361 is not a significant event like account abstraction or the Shanghai upgrade; it is more about establishing a standardized industry norm. This article analyzes the EIP-4361 protocol and the transformation of account systems from Web2 to Web3.
12. “Mint Ventures: Outlook on the 'Native Bond Market' in the Crypto World”
Whether from the market's strong cyclical nature or from the supply and demand sides of fixed-income products, there currently seems to be no development soil similar to that of traditional bond markets. What kind of bond market might be more suitable for the development of the crypto industry? This article provides a brief analysis and forecast.
13. “Unveiling Trade Joe V2: How to Capture a Large Share of Arb Trading from Uniswap?”
Recently, Trade Joe V2 gained popularity by capturing a large share of Arb trading from Uniswap, causing its token price to double rapidly. How did it achieve this? What should be noted when providing liquidity for it? This article will take you through the mechanisms of Joe V2, analyzing how it can capture a large share in $ARB trading, as well as the advantages and disadvantages of the product, helping you better understand DEX.
14. “Decoding Etherscan: Earning Tens of Millions Annually, the Business Behind the Blockchain Explorer”
Etherscan does not have a token. Although it operates at the core of the crypto Web3.0 ecosystem, Etherscan is considered more like a "traditional SaaS business" rather than a fully localized blockchain application. Like many other software companies, Etherscan generates revenue by providing services. Although Etherscan also offers some B2B products, it primarily operates as a B2C business. However, advertising has become an important factor in Etherscan's revenue generation.
Risk warning
Risk warning
Popular articles
