Evening Must Read | The Future of Tether: What’s Next?

1. Panorama of modular blockchain projects

On September 5, 2023, Messari released a panoramic view of the modular blockchain project. Messari classifies modular blockchain projects according to 7 major categories (execution, sequencing, order flow abstraction, proof, DA, interoperability, infrastructure), and there are smaller categories within each large layer. click to read

2.Blockworks: From the Impossible Triangle of Blockchain to the Great Confluence

Originally proposed by Trent McConaghy and accepted by Vitalik Buterin, the Impossible Triangle describes a series of trade-offs that a blockchain must make. The Scalability Impossible Triangle means that with a “simple” design, a blockchain can only achieve at most two of the three properties of scalability, decentralization, and security. click to read

3. New letter from Grayscale’s legal team: What to consider in the next Bitcoin ETF resolution

On August 29, 2023, a panel of the D.C. Circuit Court of Appeals reversed the SEC's June 2022 decision denying the Grayscale Bitcoin Trust (GBTC) to convert into a spot Bitcoin ETF. This is an important milestone in the GBTC conversion process – and a victory. Celebrations from GBTC shareholders, the Grayscale team, and the broader Bitcoin, cryptocurrency and investment community. click to read

4. Stake.com, the leading crypto casino, is still standing after a $40 million loss

Stake.com, the largest online casino and sports betting platform for cryptocurrencies, was hacked on Monday, losing about $41 million. **These transactions included $16 million in Ether and stablecoins like USDT, USDC, and DAI, followed by a further $25 million in withdrawals in MATIC and BNB tokens. Since the entire incident did not involve complex on-chain activities, it was just a simple transfer. Many blockchain security experts said that the cause may have been caused by the leakage of the private key of the platform’s hot wallet, but its co-founder Edward Craven and DL News said in an interview that the breach was not caused by hackers controlling its private key. click to read

5. The future of Tether: what’s next?

Tether (USDT) has dominated the stablecoin market since its launch in 2014, becoming the most widely used and traded stablecoin globally. As the cryptocurrency market continues to evolve, many are wondering what the future holds for the major players in the space. In this article, we’ll explore Tether’s origins, discuss recent controversies, and outline what’s on the Tether roadmap based on official announcements and industry rumors. click to read

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