TokenAlchemist

The $TRUMP trading frenzy attracted nearly 930,000 new traders in just a few days, experiencing significant steep rises and sharp declines. Speculators sold tokens worth over $310 million, with a few "diamond hands" incurring losses. Large Investors frequently entered and exited the market during the severe fluctuations, with open interest dropping to historic lows. The entire trading process reflects the highly speculative nature of the market and the human psychology at play, providing important data insights for future Crypto Assets trading.

The development of quantum computing technology poses no obvious threat to crypto assets, especially Bitcoin. Current quantum computer capabilities are insufficient to have a substantial impact on its core mechanisms. However, potential risks still need to be followed, especially regarding certain types of addresses. The crypto assets community is actively exploring solutions to resist quantum attacks and recommends that users optimize their operating habits to enhance security.

The Sui public chain has high performance and low transaction costs, aiming to become a bridge between Web2 and Web3, facing challenges of decentralization and user protection. Future development requires technological reinforcement and ecosystem expansion to attract more traditional capital and users, promoting the application of Blockchain in the real world.

This article explores the emerging application scenarios in the PayFi field, including AI payments, consumer micro-payments, and innovative deposit and withdrawal solutions. AI payments combine artificial intelligence and encryption payments to drive the efficient completion of daily tasks; the consumer micro-payment model reshapes the digital consumption experience; innovative deposit and withdrawal solutions facilitate the seamless conversion between fiat and encryption assets. Overall, PayFi is addressing efficiency issues in TradFi and opening up market opportunities, with a broad outlook.

Tim Draper is a well-known venture capitalist who strongly supports Bitcoin and the Crypto Assets industry, possessing profound insights into the future. His early successful investments include Baidu and TSL, and he believes that Bitcoin will replace the US dollar as the global reserve currency. His advocated investment philosophy emphasizes the importance of mission and passion, and he is committed to cultivating talent and driving change in emerging fields.

The ICP project by Dfinity, with its innovative global distributed computing platform, is actively reshaping internet infrastructure. The Mainnet is about to launch, attracting widespread attention. Its unique architecture, such as the NNS governance system and Canister containers, promotes the development and operation of decentralized applications, heralding the arrival of a new generation of the internet.

The trigger operator plays a key role in smart contracts, involving the exchange of game strategies, information costs, and state change benefits. Its main functions include clearing and automatic hedging, but it is difficult to independently form a standardized incentive system. In the future, the exploration space for trigger operators remains vast, with the potential to become a core component of on-chain value capture.

CoFiX 2.0 upgrades enhance the functionality of the DEX, including improved hedging strategies, adjusted mining rewards, and strengthened DAO governance mechanisms. The new version introduces arbitrage hedging and buyback mechanisms, aiming to improve system efficiency and user experience, and commits to adhering to principles such as asset pool stability.

Meta is exploring cross-border payment solutions using stablecoins, planning to pay creators earnings on platforms like Instagram to drop transfer fees. This attempt is a renewed integration of its blockchain technology, although previous stablecoin projects have stalled due to regulatory pressure. Meta is currently in a learning phase and has not yet determined a stablecoin provider for collaboration.

Recently, the Solana ecosystem project MetaDAO successfully raised $2.2 million, promoting its development in prediction markets and innovative governance models. MetaDAO adopts the futarchy decision-making model, emphasizing the combination of market predictions and decision-making to improve governance efficiency. The project demonstrates strong market performance, but future rise still faces challenges.

The cryptocurrency market's high dependence on Telegram has exposed its structural weaknesses. The ban in Vietnam has led to a sharp decline in user activity, and alternative platforms are unable to meet the demand, increasing regulatory pressure. With a lack of effective alternatives, the industry needs to explore diversified communication solutions to address future risks.

Recently, the easing of geopolitical tensions and the Federal Reserve's expectation of a drop in interest rates have driven funds into the crypto asset market. The prices of major digital assets have rebounded, while small market capitalization tokens have remained stable, leading to a significant improvement in market sentiment. However, economic growth is expected to slow, and attention should be paid to the performance of small market capitalization tokens.

Web3 domains have performed prominently in the NFT market, with Ethereum Name Service (ENS) volume rising and registration surpassing 2.6 million. Unlike traditional domains, Web3 domains are aimed at Wallet Addresses and utilize Decentralization for resolution, offering diverse functionalities. Major projects include Unstoppable Domains and SPACE ID, with future trends pointing towards multi-chain deployment and depth cooperation, expected to become a unified identification credential for users in Web3.

This week's Web3 industry focus review
Bybit encountered a large-scale hacking attack.
Recently, the well-known cryptocurrency exchange platform Bybit suffered a hacker attack, resulting in losses of up to $1.5 billion. This incident is considered one of the largest hacker attacks in Web3 history, attracting widespread attention within the industry.
The investigation shows that the attack originated from a vulnerability in SAFE's front-end cloud service. Although Bybit has attributed the responsibility to issues with SAFE's infrastructure, SAFE does not seem to fully accept this claim.
In the face of the crisis, the cryptocurrency industry has demonstrated strong cohesion. Several institutions have extended a helping hand, with a total support amount reaching $320 million. This spirit of unity is seen as a positive signal for the industry's development.
Experts point out that this incident has exposed the importance of security management for multi-signature wallets. At the same time, it has raised concerns about the regulatory pressure that OTC groups and cryptocurrency payment companies may face.

From Meme to Global Cultural IP: Interpreting the Success Path of Cat Concept Coin MEW
Recently, with Bitcoin breaking the $100,000 milestone, the altcoin craze has officially begun. Among various Meme projects, the cat-themed MEW stands out particularly. MEW was launched on the Solana blockchain this March and has quickly entered the ranks of crypto "unicorns" within just six months, with a market capitalization exceeding $1 billion and entering the top 100 in cryptocurrency market value. Its path to success is worth noting.
The market performance is impressive, and the contract open interest is steadily increasing.
MEW has recently set new price highs frequently. On October 21, a trading platform announced the launch of the MEW/KRW trading pair, making MEW the third Meme coin on the platform to support the fiat currency KRW. Following this news, MEW quickly achieved a double-digit increase and reached a high of $0.01, with trading volume temporarily surpassing Bitcoin.
On October 24, another cryptocurrency company

Recently, ten hotspots have emerged in the DeFi field, including the sUSD pegging issue, veCAKE governance attack, quant evaluation by the Curve founder, BUIDL, and the U.S. repeal of the DeFi broker bill. These dynamics demonstrate the complexity and development potential of the DeFi market.

Cross-chain interoperability: the key to creating a seamless encryption experience.
In the encryption world, user experience has always been a huge challenge. New users often have to go through cumbersome steps to start using encryption applications, which includes understanding wallet mnemonic phrases, obtaining Gas tokens, learning cross-chain operations, and other complex concepts. For users accustomed to the convenient operations of Web 2.0, these technical terms and operational habits are undoubtedly a formidable barrier. Even experienced users often find it difficult to transfer assets or use services across different blockchains.
As the cryptocurrency user base continues to expand, simplifying the user experience becomes increasingly important. According to reports, the number of global digital currency users is expected to reach 562 million in 2024, an increase of 34% from 2023. However, to attract the next 500 million or even 1 billion users, the industry needs to provide a smoother, seamless cross-chain operation experience.
Interoperability