Abstract Luna prices fell from US$87 on 5 May 2022 to US$0.0005 at the time of writing. Its widely adopted stable coin UST fell from the peg of 1:1 USD to 0.03:1 USD for the lowest price. The damage of the UST also affects the entire cryptocurrency market cap and…

Abstract The crypto market has experienced turbulence recently, with many mainstream assets falling sharply. The main reason being the Fed’s interest rate hike policy has led to a liquidity crunch. And there is a possibility that the policy will continue on its hike, triggering market concerns. A large amount of…

Abstract As the blockchain ecosystem evolves, the cost to use Ethereum has remained high. The scaling solution ，Rollup， requires uploading compressed transaction data to the Ethereum mainnet for data availability (DA), which incurs on-chain storage costs that remain above ideal levels. …

Authored by William Lee, Researcher at Huobi Research Institute Cryptocurrencies and the S&P both tumbled shortly after the US stock market opened today. Bitcoin plunged more than $3,000, or 6.3%, in a short period of time. …

“We are witnessing the birth of Bretton Woods Ⅲ.” Recently, Zoltan Pozsar, a well-known analyst at UBS, made a surprising statement, believing that under the background of the Russian- Ukrainian War and sanctions in western countries, that the global commodity crisis is brewing and the new global monetary system- Bretton…

Abstract Since April, global capital markets have crashed. Another dangerous signal is the emergence of the Inverted Yield Curve, which means that an economic crisis is brewing. …

Abstract This week, we focus on the following events: 1) Elon Musk strikes deal to buy Twitter for US$44 billion; 2) Yuga Labs’ new project Otherside to use Dutch auctions and only support ApeCoin payments; 3) 0x Labs Completes US$70 million Series B Funding, led by Greylock Partners; 4) Project…

Optimism, one of the four major Ethereum Layer 2 scaling solutions, will soon be launching a new governance and incentive token, OP, much to the community’s excitement. This launch, which includes airdrops to early adopters and active users and contributors, has the potential to stir community enthusiasm to new…

Abstract LFG and Terraform Labs together purchased a total of more than US$ 1.758 billion BTC and US$230 million AVAX into its reserves to back the market value of UST. Earlier, Terraform CEO Do Kwon revealed his plan to exchange his…