Macro Trends

To impress upon you the size and magnitude of the potential effects of a Japan Inc. carry trade unwind, I will step through an excellent research piece by Deutsche Bank from November 2023. Then, I will walk through how I would construct a bailout if, by some act of the devil, I was put in charge of the US Treasury.

Gate Research Daily Report, August 14: BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.

Gate Research Daily Report: August 13— BTC attempted to break through $60,000 but then retreated, leading to a period of volatility. Ethereum's daily burn rate and Bitcoin miners' income both hit their lowest levels of the year. The Fear and Greed Index is in the fear zone, indicating that investors should be wary of market downside risks. Meanwhile, sectors such as modular blockchains and Trump-themed meme coins performed strongly, demonstrating the rapid shift in market hotspots.

This article analyzes South Africa’s cryptocurrency-related systems from the perspectives of asset classification, basic taxation system, cryptocurrency taxation system, cryptocurrency regulatory policies, summary, and outlook, and predicts future development directions.

Gate Research Daily Report: August 12—BTC and ETH prices declined, with both BTC and ETH ETFs experiencing net outflows last Friday. Market contract liquidations were predominantly in long positions, and BTC holdings on centralized exchanges saw a significant drop. Additionally, key projects such as the Bitcoin Rollup network Nexio and gaming infrastructure provider Televerse secured important funding.

The success of social networks relies on three core pillars: the potential to accumulate social capital, standards for measuring entertainment, and practicality. Although Friendtech and FantasyTop experienced an initial surge in users, they quickly lost them due to a lack of real value. The core issue with SocialFi applications lies in their heavy reliance on financial incentives, which creates a vicious cycle. For SocialFi applications to achieve long-term sustainability, they need to develop enough value to maintain user engagement. Their products must shift from purely financialized products to those that can capture attention in the attention economy.

Gate Research Daily Report: On the 9th, BTC surged by 6.83%, with ETH and other cryptocurrencies also rising. Brazil approved the world's first Solana ETF, while Russia legalized crypto mining. BTC ETFs saw a net inflow of $202 million, whereas ETH ETFs had a slight outflow. Over $200 million was liquidated in the global contract market in the past 24 hours, with the BTC contract long-short ratio remaining balanced. The Vessel platform raised $10 million, and other blockchain projects secured significant funding.

After the approval of the Bitcoin ETF in January 2024, global Web3 job postings surged, with a year-on-year increase of nearly 20% in the first half of the year. Job postings in Asia increased, widening the gap with Europe, with Singapore, India, and Hong Kong being particularly active. Remote job postings surpassed those in North America, reflecting increased flexibility in the industry. Although mainnet job postings in Asia decreased, more global mainnets expanded their recruitment in the region, highlighting Asia's growing importance in the Web3 field. However, the industry still needs to focus on long-term development and technological innovation to avoid the risk of growth stagnation due to short-term speculative behavior.

Gate Research: The cryptocurrency market experienced significant volatility this week. Amid global financial turmoil, Bitcoin rebounded to above $57,000 after dipping below $49,000. Meanwhile, Ethereum underperformed, declining by over 40%. Additionally, the Ronin Bridge was exploited, sparking market concerns, although some assets have been returned. Despite a strong rebound in the altcoin market, the overall recovery has been slow. Investors should continue to monitor macroeconomic factors and market sentiment.

The purpose of a native chain is to enhance the ecosystem and diversify revenue streams by creating its blockchain platform, allowing adaptation to the rapidly changing market environment. While this brings advantages, the development and utilization of native chains also face challenges, including regulatory risks and resource consumption, as evidenced by the difficulties faced by Huobi's HECO Chain.

Gate Research's daily market review and outlook covers Bitcoin and altcoin market trends, macro capital flows, on-chain metrics analysis, updates on trending projects, token unlock information, and significant industry conferences. It provides comprehensive analysis and predictions for the cryptocurrency market.

This article will explore the current sentiment towards Ethereum ETFs and their impact on Ethena, including a review of the situation during Bitcoin ETF approvals. It will also examine the operation and potential impact of sUSDe’s yield mechanism. The Ethereum ETF could bring more institutional funds into the Ethereum ecosystem, increasing the demand for dollar-denominated yield-generating assets. As a high-yield synthetic dollar, sUSDe may attract investors looking to benefit from Ethereum market growth while maintaining dollar exposure.

Layer3 motivates users by enabling them to own parts of protocols and projects, giving them a sense of purpose and contribution to a greater cause. The platform's XP system and reward center help users stay motivated by allowing them to earn experience points through various activities like tasks, competitions, and winning streaks. This keeps users competitive and opens up new opportunities for growth and achievement.

Payment is a crucial aspect of the cryptocurrency ecosystem, with tens of thousands of crypto transactions occurring both on-chain and off-chain daily. A new cryptocurrency often appreciates in value due to its practical use in payments, making payments an important bridge between the Web2 and Web3 worlds. This article will take you through various business scenarios and projects within the Web3 payment industry.

In the blockchain ecosystem, Maximal Extractable Value (MEV) has become a crucial area of research, encompassing not only technical implementation but also market behavior and economic benefits. With Ethereum's transition to proof-of-stake, the concept of MEV has undergone significant evolution. Validators have emerged as key players, not only able to control transaction ordering but also to optimize profits through various strategies.