Highlights of the week丨Many institutions apply for Bitcoin spot ETF; Wall Street background exchange EDX Markets will go online; Bitcoin rebounds to 30,000 US dollars, old money enters the market?

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Macro Perspective

**Bitcoin returned to $30,000 and its market share soared. What are the reasons behind it? **

Financial giants have entered into encrypted trading, the Bitcoin spot ETF competition has resumed, and the fourth Bitcoin halving is coming.

Detailed explanation of the reaction and impact of the encryption market under the high-pressure supervision of the US SEC

Regulating with a ninety-year-old securities regulatory framework may no longer be appropriate.

**Arthur Hayes: US regulation intensifies, Hong Kong embraces encryption, what does it mean? **

All this panic about what's going on in the land of the "free" is a waste of mental energy.

Understanding the article: In-depth analysis of the status quo and supervision of global stablecoins in 2023

In this report, we cover everything from the rise of stablecoins, four major types, market status, application scale, emerging stablecoin models and stablecoin regulations, regulation.

Catch the opportunity

Inventory or 6 major narratives that will take off in the next round of bull market

Any popular narrative will affect market sentiment and attract users to enter the market. The choice of narrative may be more important than the choice of assets.

Inventory of 6 encryption projects that joined the NVIDIA Inception plan

Among the several encryption projects that have joined the NVIDIA Inception program, the decentralized GPU computing power market has developed relatively well.

**Detailed explanation of Sei Network: Can the high-speed Layer 1 public chain born for transactions become a decentralized "NASDAQ"? **

Sei introduces several technical applications to improve the trading experience, including modular order matching, Twin-Turbo consensus, and various base layer functions such as parallel order execution and local price oracles.

Ethscriptions, the Ethereum inscription protocol that is benchmarked against Ordinals, has attracted attention, and has received over 30,000 mints within a few days of its launch

Ethscriptions are inspired by the Bitcoin Ordinals protocol.

A detailed explanation of the encryption airdrop strategy and the recommended 6 short-term opportunities

Crypto airdrops are a popular method for web3 projects to distribute tokens and build momentum for their platforms, especially startups. Encrypted airdrops are also one of the most popular marketing strategies for users. Through serious research and smart participation, users can get in touch with the latest and highest-quality projects through airdrops, and at the same time, they can also obtain good economic benefits.

Web3 things

**Picking up the "model of compliance" Prometheum in the eyes of the SEC: Is it Li Kui or Li Gui? **

The "turned out" Prometheum is facing condemnation from many encryption people.

Reversing technology? Aptos and Sui are actually alliance chains, and life depends on the patience of capital

Interpreting Aptos and Sui as a distributed network from the perspective of a communication engineer, the final argument is that their technical logic is untenable.

** EDX Markets, a trading platform supported by Wall Street, is here! Institution-only, unmanaged model**

The entry of established capital seems to be releasing new regulatory signals.

**The latest progress of FTX: the credit claim website will be launched soon, and the frequent restart news will usher in a turning point? **

FTX's liquidation and repayment work has ushered in new progress.

**What is the difference between the Spot Bitcoin ETFs filed by BlackRock and Bitwise? **

BlackRock's spot bitcoin ETF seems more likely to pass.

Twitter Space video review｜Aside from currency prices, explain the innovation and impact of Uni V4

At 9 pm on June 20, PANews invited Blockchain Researcher—Haotian, Web3 & DeFi degen—DeFi Cheetah, Founder of Smooth—Wiger, Tokenlon core developer—jiaxing, 4 guests to Twitter Space.

**Discover which Web3 projects the richest game venture capital fund Griffin Gaming Partners has invested in? **

Griffin Gaming Partners, which owns the largest fund in the game industry, is very optimistic about the unreleased potential of blockchain games.

Technical fan

The first step of Ethereum modularization: the basic introduction of Proto-danksharding and its working principle

Rather than a silver bullet to solve the scalability problem of Ethereum, it is the first step in transforming Ethereum into a modular blockchain, mainly supporting transaction execution through Layer 2 rollup.

A quick overview of BNB Chain’s expansion chain opBNB, which can support over 4,000 transfer transactions per second

BNB Smart Chain (BSC) has launched an innovative expansion solution - opBNB, and the test network will be launched on June 19, 2023.

Project Research丨Multi-block Parallel Processing Public Chain Transformers Research Report

TFSC (Transformers Chain, Transformers Chain) is a completely decentralized public chain, and also a high-performance distributed system with continuous expansion of transaction capabilities, anyone can participate.

**4D Shoal Framework: How to reduce Bullshark latency on Aptos? **

Shoal is a framework that enhances any Narwhal-based consensus protocol (eg, DAG-Rider, Tusk, Bullshark) with pipelining and leader reputation.

Key Information

Powell: We see stablecoins as a form of money and it would be a mistake to make the stablecoin issue a weakness for the Fed

Kaito AI starts internal testing of the industry's first AI encrypted search engine WHAT based on a large language model

Ethereum devs consider raising validator limit from 32ETH to 2048ETH

Foreign media: Huang Licheng bought a Los Angeles mansion for $25 million last week

Asset management giant Fidelity is suspected to be considering acquiring Grayscale or applying for a Bitcoin spot ETF

Warning: The new stealing software Mystic Stealer can attack 40 browsers and 70 browser extensions

Data: There are more than 420 million cryptocurrency users in the world, of which 260 million are in Asia

DeFi Protocol Maverick Completes $9M Funding Led by Peter Thiel's Founders Fund

Bitcoin price briefly spiked to $138,000 today on Binance.US

Crypto Supporter Joe Tsai to Be Chairman of Alibaba Holding Group