TokenAlchemist

Sui Ecosystem New Member Walrus: Innovative Solution for Decentralization Storage
After the launch of the computational layer AO by the decentralized storage network Arweave, it successfully triggered an increase in ecological enthusiasm and the price of the coin. As a general-purpose computing chain, Sui has launched the decentralized storage network Walrus, which will also spark a new wave.
Background Introduction
Team
Walrus is the latest product from Mysten Labs, the development company behind Sui, and is categorized as "protocol, platform". Most of the founders and employees of Mysten Labs come from Meta's (formerly Facebook) dissolved blockchain project Diem. The English meaning of Walrus is "walrus", and its official website emphasizes characteristics such as "growing robust like a walrus" and "adapting powerfully like a walrus", reflecting the protocol's role as a storage system.

How Encryption Geniuses Evaporated One Trillion Dollars
This article is adapted from Jen Wieczner's "The Crypto Geniuses Who Vaporized a Trillion Dollars"
Three Arrows Capital is a Singapore-based encryption hedge fund founded by Su Zhu and Kyle Davies, two graduates of Andover University. The firm was once one of the most esteemed investment funds in the encryption industry, but it collapsed in June 2022, triggering a series of cascading effects that led to a historic sell-off of Bitcoin and substantial losses across the entire encryption industry.
Su Zhu and Davies founded Three Arrows Capital in 2012, raising only about $1 million in seed funding. They initially focused on emerging markets.

Celebrity Crypto Assets Craze: From Endorsements to Issue Coin, an Exploration Filled with Risks and Controversies
In recent years, it has become a trend for celebrities to venture into the Crypto Assets field. As early as 2013, Brock Pierce co-founded Blockchain Capital, pioneering the entry of celebrities into the encryption sector. Since then, celebrities from politics to the entertainment industry have joined this wave, trying to get a piece of the pie in the Crypto Assets market.
However, the celebrity effect does not always bring positive influences. Some celebrities use their influence to endorse Crypto Asset projects, but often trigger controversies. In the past decade, the U.S. Securities and Exchange Commission has taken action against multiple incidents of celebrities unlawfully promoting cryptocurrencies, resulting in penalties for several well-known figures. Even more lamentable is that many celebrities have also been embroiled in the scandal of a well-known exchange's collapse, which nearly shook the foundation of the entire Crypto Asset industry.
In 2024, a new trend is emerging in

Crisis of Confidence triggered by the GALA event
Recently, a stir caused by pNetwork regarding the GALA token has attracted widespread attention in the cryptocurrency community. The incident began when pNetwork issued 55.6 billion pGALA tokens to recover a liquidity of $400,000. This action resulted in a large amount of GALA being deposited on a certain trading platform and subsequently sold off, triggering a series of chain reactions.
pNetwork's approach clearly lacks security awareness, injecting over-issued tokens into the ecosystem without fully assessing potential risks, an action that is rash and irresponsible. Afterwards, they also failed to provide a reasonable explanation for the increase in the engine, instead becoming embroiled in mutual accusations with the trading platform.
In the face of this crisis, the handling of a certain trading platform has also been questioned:
1. Failing to timely acknowledge the failure of the security response and risk control systems;
2. Delay the suspension of deposit and withdrawal operations, during which internal personnel were also reported.

Trump's campaign team has announced that Trump will meet with Biden at the White House to discuss the power transition. The date of the meeting is yet to be determined but is expected to take place soon. This move has initiated the formal transition process, attracting widespread attention and potentially involving important issues and future directions.

Ethereum L2 network Corn completes $6.7 million financing
Recently, an emerging Ethereum L2 network successfully raised $6.7 million in funding. This round of financing was participated by several well-known investment institutions, with one large capital company leading the investment.
The reason this project is favored by many investors is mainly due to its innovative use of a token pegged to Bitcoin as the fuel fee and economic incentive mechanism for the network.
The application prospects of BTC in DeFi
With the approval of Bitcoin ETFs and the development of the related ecosystem, the Bitcoin ecosystem is ushering in new opportunities. However, the application of Bitcoin in the decentralized finance ( DeFi ) field is still relatively limited. Although various wrapped versions of Bitcoin have emerged in the market, the current use cases of Bitcoin in DeFi remain scarce. Related cross-chain bridges and custody solutions also need further improvement.
In order to mine

Recently, there have been reports that a well-known entrepreneur's acquisition of a certain social media platform for $44 billion includes some attention-grabbing content in the protocol terms. It is reported that large foreign investors will have the right to access the platform's confidential financial information, and it may even involve user data.
Given the entrepreneur's relationship with foreign governments and investors, U.S. Treasury officials have begun to explore whether there is a legal basis to investigate this acquisition. This move has raised concerns about user privacy and data security.
It is worth noting that the acquisition transaction was officially completed on October 28. Subsequently, this entrepreneur temporarily served as the sole director of the social media platform, further strengthening his control over the platform.
The acquisition has sparked widespread discussion, with people's focus not only on the massive transaction itself but also on the far-reaching impacts it may bring. As an important channel for information dissemination, the change of ownership of the social media platform may

The overlooked niche in RWA: the value, exploration, and practice of fund tokenization.
When we talk about RWA, we focus more on underlying assets such as US Treasury bonds, fixed income, and securities. In fact, apart from stablecoins, the largest RWA project by asset size is money market funds. The top three projects by asset size are: Franklin Templeton: $312 million ( government bonds ); followed by Centrifuge: $247 million ( asset-backed ); Ondo Finance: $183 million ( government bonds ).
Franklin Templeton is entirely a tokenized fund, Ondo

The stablecoin market has recently experienced explosive growth, with a total market capitalization surpassing 10 billion USD and an increase of over 70%. Traders are more inclined to use stablecoins rather than Bitcoin for transactions, as their price stability reduces risk, making them the mainstream pricing benchmark. This trend may further enhance the importance of stablecoins in the crypto market.

Neutrl is an emerging synthetic dollar stablecoin protocol that recently completed a $5 million financing. The project offers users returns through OTC token discount arbitrage; however, it also faces risks such as funding rate, token price fluctuations, and liquidity. Investors should carefully evaluate their willingness to participate.

Poly Network was attacked by a Hacker, who exploited a vulnerability in the EthCrossChainManager contract by modifying the keeper role to successfully extract funds. This incident highlights the importance of smart contracts security in cross-chain operations and reminds developers to strengthen contract permission design and security audits.

The RWA track is developing rapidly, and Ondo Finance's successful transformation brings new opportunities.
In the era of DeFi 2.0, real-world assets (RWA) are considered the key to unlocking a new chapter. However, for ordinary investors, RWAs still seem out of reach. After all, purchasing RWA products usually requires completing identity verification and meeting certain asset conditions, which is a barrier too high for most retail investors.
So, how can we gain an advantage before the RWA track fully explodes? There are mainly two ways: first, buy the tokens of RWA projects; second, choose RWA products with lower thresholds.
For the first method, investors need to have a deep understanding of the project's fundamentals, product design, and risk control. Most RWA products require special purpose entities (SPV) to achieve risk isolation, so it is important to pay attention to whether this entity complies with local legal requirements to avoid potential risks. This method...

On April 19, a decentralized lending protocol was attacked, forcing its platform to shut down. Security experts analyzed that the method of this attack was very similar to the attack on a certain DEX the day before, and it is likely the work of the same group. The development team of the protocol is conducting an in-depth investigation into the details of the incident.
On-chain data shows that the attacker has transferred the acquired assets to two major DeFi platforms. According to statistics from the data platform, the total locked amount of the protocol plummeted by 99.9% within 24 hours, nearly reaching zero.
On the previous day, hackers exploited a compatibility vulnerability between a certain DEX and the ERC777 token standard, executing a reentrancy attack during ETH and imBTC transactions by repeatedly calling the ERC777's tokensToSend function. According to security agency assessments, this attack resulted in losses of approximately 1,278 ETH for the certain DEX, worth around $220,000. In addition, about 18.

The court has made a preliminary ruling on a Crypto Assets case, recommending a sentence of 10 to 16 months in prison and 1 to 3 years of supervised release for the defendant. The case has attracted significant attention, and the final ruling will have far-reaching effects on the Crypto Assets industry.

The Bitcoin ecosystem is undergoing a transformation, shifting from a pure store of value to an active financial tool. The rise of lending protocols has activated trillions in liquidity. New liquidity platforms and decentralized stablecoins provide Bitcoin holders with secure lending opportunities, which are expected to drive the overall rise of the BTCFi ecosystem and redefine Bitcoin's role in Decentralized Finance.

BTCFi: Unlocking the Innovative Journey of Bitcoin's Trillion Market Capitalization
Summary
Background of the rise of BTCFi: The narrative of Ethereum and its competing public chains has weakened, infrastructure has become saturated, and the industry lacks fresh concepts; in contrast, the BTC ecosystem has not yet formed a comprehensive monopoly.
The main scaling solutions for BTC include state channels, sidechains, Rollups, UTXO + client validation, and large blocks, but each solution must meet the technical requirements of "consensus" verification.
Key conditions for the development of BTCFi: cross-chain interoperability, layer two scaling solutions, smart contract functionality, complete infrastructure, and development tools.
The main challenges faced by BTCFi are: limitations of the Bitcoin protocol, insufficient liquidity, security issues with cross-chain bridges, difficulty in precise pricing by oracles, and the need to explore a unique development path.
1. Overview of BTCFi
1.1 Definition of BTCFi
BTCFi aims to Bit

Latest news shows that a well-known trader has expanded their Bitcoin short positions to $195 million, using 40x leverage. This move has attracted market attention.
Currently, the specific position of the trader is as follows:
Long positions: 1820.91 Bitcoin, valued at approximately 195 million USD
Open position average price: 107,507.8 USD
Liquidation price: $130,540
Current floating profit: 570,000 USD
At the same time, the short positions of another highly followed trader are as follows:
Short positions: 117.81 Bitcoins, worth approximately 12.74 million USD
Average opening price: 107,823.2 USD
Liquidation Price: $115,190
Current floating profit: $73,000
The actions of these two traders have attracted close attention from market participants, as their position changes may impact market trends.