Topics of Crypto World

Gate Research Daily Report (August 26): BTC and ETH prices fluctuated within a narrow range, with $65,000 acting as a short-term resistance level. Floor prices for NFT collections like BAYC and Pudgy Penguins saw significant recoveries. Mt. Gox wallet Bitcoin holdings have decreased by approximately 68.3%. TON tokens plummeted following the arrest of their founder, with related ecosystem tokens also declining. Projects like Orderly Network and Corn are set to launch airdrops in the near future.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

Morpho started as an optimization layer on top of Aave and Compound, enhancing lending rates with its peer-to-peer matching algorithm. It has since evolved into a standalone financial infrastructure. The lending layer, Morpho Blue, facilitates the creation of efficient lending markets without requiring permission and enables the addition of modular layers on top, offering various risk profiles and specialized lending services. With its permissionless framework, adaptable incentive structures, and precise asset tracking, Morpho introduces new innovations to the DeFi lending landscape.

This article discusses BTC Layer2 expansion solutions, including Lightning Network, side chain, Rollup and other technologies, which achieve fast and low-cost transactions through different mechanisms, while also ensuring the decentralization and security of the BTC network. The Lightning Network improves transaction speed and privacy with its payment channels and off-chain transactions, while sidechains like CKB and Stacks provide independent and innovative functionality through two-way pegs. Rollup technology improves throughput by processing large volumes of transactions off-chain, despite facing challenges in settlement time and computing resources.

This article explores BTC Layer2 scaling solutions, including the Lightning Network, Sidechains, and Rollup technologies, which facilitate fast, low-cost transactions while maintaining the decentralization and security of the BTC network. The Lightning Network enhances transaction speed and privacy through payment channels and off-chain transactions, while Sidechains like CKB and Stacks offer independent and innovative features through two-way pegging. Rollup technology increases throughput by processing large volumes of transactions off-chain, despite challenges in settlement time and computational resources.

On August 22, 2024, Babylon activated its mainnet's first phase, enabling Bitcoin (BTC) staking on its network. Babylon is a BTC staking protocol built on a Cosmos SDK-based PoS blockchain that supports Cosmos IBC. This setup allows for data aggregation and communication between the Bitcoin blockchain and other Cosmos application chains.

Cryptocurrency payment can not only solve these problems, but also has the advantages of lower fees, faster processing times, borderless transactions, and more efficient and inclusive financial interactions. As the first report in this series on cryptocurrency payments, this study aims to analyze the stablecoin market landscape and drivers of future growth.

This article introduces the functions and classifications of Dex Trading Bots, their applications in the cryptocurrency market, and discusses in detail their advantages and future development potential in Meme coin trading and high-frequency trading.

Gate Research Daily Report: On August 27, both Bitcoin and Ethereum saw declines as market sentiment turned cautious. U.S. Bitcoin spot ETFs recorded a net outflow of $21.85 million, while Ethereum spot ETFs saw a net outflow of $13.52 million. The rise in stablecoin supply suggests positive market signals, potentially indicating an upcoming rally. Bitcoin’s hash rate is nearing an all-time high, with mining difficulty expected to set a new record. In the past 24 hours, five projects announced funding rounds, raising a total of $12.6 million. Orderly Network has launched its airdrop and staking programs, while Nubit has begun the third phase of its testnet tasks.

Blockchain is fundamentally an extension of payment scenarios. Stablecoins play a crucial role not only in the cryptocurrency market but also in global payments and cross-border settlements. The introduction of the Taproot Assets protocol suggests a vast potential for stablecoins in high-frequency, low-value payment scenarios and indicates the possibility of widespread adoption of stablecoins as a regular means of payment.

Orderly Network is a Layer 2 cloud liquidity infrastructure that relies on smart contracts for peer-to-peer transactions and provides users with risk management and shared asset pools.

Gate Research Daily Report: On August 28, over the past 24 hours, Bitcoin's price dropped by 5.85%, accompanied by a surge in trading volume. The U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $127 million and $34.5 million, respectively, reflecting a pessimistic market sentiment. Altcoins broadly declined, particularly in the BTC Ordinals and modular blockchain sectors. The TON network experienced an outage due to excessive DOGS token trading, prompting several exchanges to suspend related services. MakerDAO rebranded to Sky and introduced the USDS stablecoin along with the SKY governance token. Additionally, seven projects raised a total of $52.57 million, focusing on DeFi, AI, and zero-knowledge proof technologies.

Veteran blockchain network Fantom has recently rebranded to Sonic Labs, introducing the "Sonic Upgrade Plan" aimed at bringing technological innovation to enhance its network's performance and scalability.

This article introduces Cellula, which aims to achieve fairer asset distribution in the crypto world through its unique vPoW+ gamified mining mechanism and sophisticated economic model design. Cellula combines Conway's Game of Life rules with the Analysoor Fair Distribution Algorithm to offer a participatory asset allocation method for all users, challenging the existing dominance of large holders.

The article analyzes the trend of dApps shifting towards AppChains and the economic and strategic considerations behind this move. It explores the business model challenges faced by dApps, the limitations of their revenue sources, and their role in value creation and distribution within the broader transaction supply chain. The article presents three solutions: becoming an AppChain, selecting an L1/L2 to return value, and implementing application-specific ordering mechanisms. It discusses the cost-effectiveness and potential value of each solution and delves into the concepts of chain abstraction and application-specific ordering, highlighting how these ideas can offer new value capture opportunities for dApps.