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Showing posts with the label china news

Analysis of the Crypto Market Crash on August 5 and Future Trends

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This podcast Features Daniel Yu, Head of Asset Management at Matrixport, who conducted a live Analysis on the evening of August 5. He mainly analyzed the reasons behind the crypto market crash on August 5, which were attributed to the appreciation of the yen leading to a return of high-interest assets, impacting both the U.S. stock market and the crypto market. Regarding the future market trends, Daniel believes that the market will maintain a relatively weak attitude, with a low possibility of a significant rebound in the short term. This podcast is authorized by Wu Blockchain for release and reposting. The author’s views do not represent Wu Blockchain’s views, and Wu Blockchain does not endorse any products. Readers should strictly comply with local laws and regulations. The audio transcription was done by GPT and may contain errors. Please listen to the full podcast: YouTube: Global Market Situation and Analysis As of today’s close, global financial markets have generally shown a ...

Opinion: Reasons for the Aug5 Sharp Drop: BOJ Rate Hike and Exit of Yen Arbitrage

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Author: @Web3Mario ( https://x.com/web3_mario ) Summary: This week, I have been learning about some Telegram Bot APIs, and I have almost completed the framework for the TON contract. I was initially quite happy, but the sharp decline in the crypto market on Monday cast a shadow over my mood. Although I had anticipated this outcome to some extent, I didn’t expect it to come so quickly and so fiercely. Therefore, I have compiled some of my thoughts to share with everyone, hoping you can maintain your composure and not let panic influence your investment decisions. Overall, the core reason for the sharp pullback in risk assets led by U.S. tech stocks is the aggressive interest rate hike by the Bank of Japan, which caused many yen carry trade paths to fail or face significant risks, specifically in three areas: exchange rate fluctuations, interest rate reversals, and liquidity risks. Facing these risks, “Mrs. Watanabes” are unwinding their positions to repay yen debt and reduce risks. Ab...

Weekly Project Updates: ZK & ZRO Airdrops Go Live This Week, Blast Airdrop Starts Next Week, ENA to Join Symbiotic for Re-staking, etc

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1. ZK Airdrop Opened for Claiming on Monday link ZKSync’s airdrop opened for claiming on Monday, with listings on Binance, OKX, and South Korea’s second-largest crypto exchange Bithumb. Binance further announced its decision to distribute 10,500,000 ZK tokens to up to 52,500 eligible users due to ongoing community concerns about the ZK token airdrop distribution. As of the latest update, ZK is priced at $0.175 with a circulating market cap of $644 million. According to Nansen data, among the top 10,000 addresses that received the ZK airdrop, 23.4% chose to hold their tokens; 41.8% of addresses opted to completely transfer or sell approximately 360 million ZK tokens; and 34.7% of addresses chose to partially transfer or sell about 170 million ZK tokens. 2. LayerZero Airdrop Goes Live, Arbitrum Emerges as One of the Biggest Beneficiaries link On June 20th, LayerZero opened its airdrop claim, and its ZRO token was promptly listed on major exchanges such as Binance, OKX, Coinbase, and Upbi...

The Third Wave of Technological Advancements in Blockchain: Exploring the Application of Zero-Knowledge Proof Technology

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Authors: @Jesse_meta, Research Fellow at SUSS NiFT @kaplannie, Security Researcher at Least Authority @EatonAshton2, Security Researcher at Beosin Source form: https://blockchainsecurityalliance.io/zkp.html Information leakage incidents have become commonplace whether the information is stored on the Internet or in offline archives, whether it is due to a subjective intent or objective accident. As long as the information is stored centrally, it is vulnerable to attack from a single point. If the verification process requires a trusted third party, moral hazard and inefficiency will inevitably occur. The solution to information security is essential and urgent. The zero-knowledge proof technology allows users to perform verification more efficiently and securely while protecting their privacy. Suppose Bitcoin is the first invention that blockchain brought to the real world, providing a new way to store value, and Ethereum’s smart contract is the second milestone that unlocked the poten...