1.Glassnode: Analysis of the Current Situation of Liquidity Depletion in the Crypto Market

The digital asset market has experienced volatility compression and unusually low trading volumes, and has now fallen back into extremely tight trading ranges. All in all, extreme apathy and boredom are probably the words that best describe the current market sentiment. In recent weeks, we’ve explored how this is reflected in derivatives markets and on-chain data. In last week's video report, we detailed some of the drivers, primarily related to net capital outflows. click to read

2. How big is the potential market size of Bitcoin?

Although Bitcoin is over 14 years old and owned by tens of millions of people (1), the possible uses of the network remain controversial. In a way, this is not surprising: because Bitcoin is so different from what it was before, the core technology and the ecosystem around it will take time to mature. For investors, this means that the addressable market for the asset (the existing economic structure that the technology can disrupt) is always a moving target. While we can quantify some aspects of Bitcoin’s market opportunity, innovation is always expanding the possibilities for the world’s first public blockchain. We see a range of potential use cases: from a digital store of value, to a medium of exchange, to a settlement layer for non-monetary blockchain activities. click to read

3. Interpretation of Sonic, which is about to be launched on SNS: Can the introduction of LBP help the IC chain create a new wave of gaming?

Sonic (formerly DFinance) is one of the early DeFi applications of Internet Computer (IC). It launched the test network in August 2021 and officially launched the V1 version in January of the following year. Its goal is to become the DeFi product suite of the IC ecosystem, and current functions include token exchange and LBP mode Launchpad. In the early days of launch, Sonic's TVL once reached a peak of US$2.7 million, and has since gradually fallen back to the current US$560,000. click to read

4. The bear market is forcing on-chain innovation. Are these latest popular projects worth paying attention to?

Looking back, we can find that most innovations in the digital industry actually occur on the chain, especially when the market is not good, such as DEFI, NFT, etc., and as recently as this year's LSDFI, meme, etc. In BRC20, the ecology of each chain first heats up on the chain, and then gradually spreads to the off-chain. On the other hand, most of the institutional Tokens on the leading platforms are listed with low circulation and high valuation, with a circulating market value of 100-200 million, and then a slide-like decline. In March and April this year, there was even a wave of anti-VC Token views. click to read

5. FTX’s latest liability and asset summary: How much debt can be repaid by how much money is owed?

According to the latest court documents on September 10, as of August 31, FTX held a total of $3.4 billion in crypto assets, mainly including $1.16 billion SOL, $560 million BTC, $192 million ETH, $137 million APT, USD 120 million USDT, USD 119 million XRP, USD 49 million BIT, USD 46 million STG, USD 41 million WBTC and USD 37 million WETH. These ten major assets account for 72% of the crypto assets compiled by FTX. The filing also details that SBF and other executives (Nishad Singh, Zixiao “Gary” Wang, and Caroline Ellison) received $2.2 billion in cash, cryptocurrency, equity, and real estate in the months leading up to FTX’s bankruptcy. This could be significant because U.S. law allows these amounts to be recovered and included in the stock of assets available for distribution to creditors. The documents also report on 38 condos, penthouses and other properties in the Bahamas estimated to be worth about $200 million; as well as attempts to recoup funds donated to politicians and charitable organizations such as New York's Metropolitan Museum of Art. click to read