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Recent data shows that Large Investors sold about 140,000 Bitcoins in February, leading to a big dump of over 20% in Bitcoin's price within a few days. This aligns with the reduction in Holdings by Large Investors and the market downturn. Furthermore, the Bitcoin ETF launched in Canada holds over 10,000 Bitcoins, which may impact future price movement.

Amidst the turbulence in the crypto assets market, investor confidence is being challenged, but core investors remain optimistic about long-term value. The role of Bitcoin is changing, and DeFi is driving financial innovation. The market is trending towards financial democratization, aiming to improve the inefficiencies of TradFi, but challenges still exist, and the future may see a coexistence of both.

Analysis of Technology Trends in Various Blockchain Tracks
1. Public Chain Development
1. ETH+L2
Future Development Roadmap of ETH:
- Merge( is expected between September and December )
- EIP4488( is expected to reduce CallData costs by several times, lowering L2 costs by the end of this year or early next year ).
- EIP4844 - Proto-Danksharding( in the coming years) - Introduces Blob transaction types, replacing CallData, further reducing Rollup costs.
- Danksharding(2-4 years later) - equivalent to Proto-Danksharding + sharding
2. L2 Development
OP System:
- Arbitrum - Launched Nitro mainnet and

The evolution of LayerZero cross-chain bridges: from technological innovation to business layout.
Introduction
Cross-chain bridges still play a key role in the current multi-chain ecosystem. Although the popularity of infrastructure coins has cooled down, the importance of cross-chain infrastructure cannot be ignored. This article will review the technological evolution of LayerZero from V1 to V2 versions from an objective perspective and discuss changes in its business strategy.
1. Technical Analysis: The Evolution of LayerZero's Architecture and Security Assumptions
1.1 V1: Ultra-light nodes and security risks
LayerZero V1 introduces the concept of "ultra-light nodes" that achieve cross-chain message verification through oracles and relayers. This design significantly reduces costs, but also presents obvious security risks:
- Collusion risk
- Unclear boundaries of responsibility
- Chain-level risk
- Centralization issues
1.2 V2: DVN Mechanism and Its Security Analysis

This article reviews several significant events in the Crypto Assets market and their impacts, including the Mt.Gox Hacker incident, the 94 incident, the 312 incident, the 519 incident, and the LUNA/FTX collapse, reminding investors to remain cautious and effectively manage risks. Technical issues and the inherent risks of projects have a profound impact on the market, while the opportunities brought by policy Fluctuations are worth seizing.

The risk-return asymmetry of shorting operations makes many investors cautious. In the Digital Money market, while there may be short-term profits, the long-term risks usually outweigh the returns. Investors should be cautious about shorting, maintain confidence in the industry, and adopt a more balanced investment strategy.

The Ethereum Prague upgrade will go live in April 2023, featuring 11 EIP proposals that focus on user experience and ecosystem optimization. Key changes include the introduction of an account abstraction mechanism and multiple staking optimizations, aimed at lowering the usage threshold and improving network security. Despite facing competitive market pressures, Ethereum continues to advance scalability and decentralization, with future upgrades potentially bringing more revolutionary improvements.

The Road to Institutional Decentralized Finance (DeFi)
Decentralized Finance (DeFi) has the potential to create a new financial paradigm in the institutional sector, built on cooperation, composability, and open-source code, supported by an open and transparent network. This article will delve into the development history of DeFi and its future prospects, focusing on its potential impact on institutional financial services.
Introduction
The evolution of Decentralized Finance and its application prospects in institutional scenarios have attracted widespread attention in the industry. Supporters believe that a new financial paradigm based on cooperation, composability, open-source principles, and founded on open and transparent networks is emerging. As an increasingly prominent field, the path to conducting regulated financial activities utilizing Decentralized Finance is gradually being paved.
The changes in the macroeconomic environment and global regulatory landscape have hindered large-scale meaningful progress, with development mainly focused on the retail sector or through

Aave: The undisputed leader in the Decentralized Finance space
In the field of Decentralized Finance (DeFi), network effects often determine the success or failure of a project. After five years of market accumulation, Aave has become an unshakeable leader in the DeFi space, thanks to its large user base and deep liquidity pools. Projects built on Aave can immediately access mature infrastructure, a wide user base, and ample liquidity, advantages that are difficult for other platforms to replicate in a short period.
Aave's market position
Aave is currently the largest protocol in the Decentralized Finance (DeFi) space, with a total locked value (TVL) accounting for 21% of the entire DeFi market, and it holds a 51% share in the lending market. Aave's net deposit size has surpassed $49 billion, demonstrating its dominant position in the market.
Multiple projects have achieved rapid growth after collaborating with Aave.

The Crypto Assets market has suffered a heavy blow, with Bitcoin falling below $54,000.
On July 5 at 12:00, data showed that the Bitcoin price fell below $54,000, quoted at $53,984, with a daily decline of up to 7.1%. Ethereum also did not escape, falling below $2,850, with a daily decline of 11%. Other smaller crypto assets generally faced greater declines, with multiple tokens falling over 20%, and ARB even hitting an all-time low. Meanwhile, the US Dollar Index (DXY) fell below 105 for the first time since June 13.
This wave of decline is expected to lead to the liquidation of approximately $620 million in long positions in the futures market, and the scale of liquidation may further expand.
The recent fall in the encryption market was influenced by multiple negative factors, including the German government's continued sell-off of Bitcoin, Mt. Gox starting debt repayments, and net outflows from Bitcoin ETFs.
Recently, Mt.Gox related wallets have been transferring frequently, starting

The encryption economy faces cyclical challenges, with the bear market influenced by the Fed's interest rate hikes, so investments must be made cautiously. Despite the harsh environment, technological innovations such as Ethereum zkRollup still have development potential and are worth following.

Prediction Market Industry Analysis: Current Development and Future Trends
Prediction markets can be divided into two main categories: non-sports and sports. Currently, the non-sports market still has significant development potential, covering various fields such as cryptocurrencies, political events, and cultural events. In the non-sports market, a well-known platform has stood out with its predictions on political events, becoming a leader.
From the overall trading volume from the beginning of the year to now, if the sports markets are included in the statistics, the trading scale of certain sports platforms has approached that of leading non-sports platforms. Recently, several competing projects have been launched one after another, such as platforms running on EVM that provide ETH markets, as well as platforms running on SOL that adopt the "bet first and set odds later" model, among others. In addition, several projects are currently under development.
The main topics of interest for emerging teams include:
1. Permissionless market: Open market creation and incentive mechanism
2. Intelligent Solutions: Using Artificial Intelligence for Market

Ethereum co-founder Vitalik Buterin sold 500 MKR tokens, drawing attention to MakerDAO founder Rune Christensen's new plans. Rune plans to build a new chain based on Solana, which has sparked controversy, but emphasizes that this should not be viewed through a "tribalism" lens. The ideological differences between the two have sparked discussions within the industry.

Computers and Speculation: Two Cultures of Blockchain
Blockchain technology has sparked two entirely different cultures. The first is computer culture, which views blockchain as a tool to drive a new computing movement. The other is speculative culture, which mainly focuses on making money and speculative behavior.
Media coverage often exacerbates the confusion between these two cultures. Money stories are often dramatic, easy to understand, and eye-catching. In contrast, reports on technological advancements tend to be subtle, slow, and require historical context to be fully understood.
The culture of speculation has many problems. An extreme case is a certain defunct exchange, which had a devastating impact. It divorced tokens from their context, packaged them with marketing tactics, and encouraged speculative behavior. While responsible exchanges can provide valuable services such as custody, staking, and market liquidity, irresponsible exchanges encourage bad behavior and even abuse user assets. In the worst-case scenario, they may fall into

The People's Bank of China released security specifications for financial Distributed Ledger technology to promote the development of Digital Money, while requiring the mitigation of internet financial risks. Internationally, Russia has prohibited Crypto Assets as a means of payment. Bitcoin Whales were attacked, resulting in losses of approximately $45 million, and funding in the Blockchain sector exceeded $24 million.

The complete process of BRC20 Token minting
BRC20 is a fungible token protocol on the Bitcoin native chain, similar to the ERC20 standard of Ethereum. Currently popular BRC20 tokens include ORDI, PEPE, PUNK, BAYC, etc. Although they all belong to meme tokens, they have all been minted, and off-market trading is relatively active.
The most representative is $ORDI, which has the value of a genesis attribute. It was created by a user on March 9, 2023, and is an experimental fungible Token standard on Bitcoin.
minting steps
1. Install wallet plugin
It is recommended to use UniSat, which is a convenient open-source Ordinals wallet plugin. After creating the wallet, select the address type m/86/0/0/0. Withdraw BTC from the trading platform to the generated address starting with bc1p.
2. Query minting information
You can use U

Evolution of AI Training Paradigms: From Centralized Control to Decentralization Collaborative Technological Revolution
In the full value chain of AI, model training is the most resource-intensive and technically challenging link, directly determining the upper limit of the model's capabilities and its practical application effects. Compared to the lightweight calls in the inference phase, the training process requires continuous large-scale computing power investment, complex data processing workflows, and high-intensity optimization algorithm support, making it the true "heavy industry" of AI system construction. From an architectural paradigm perspective, training methods can be divided into four categories: centralized training, distributed training, federated learning, and Decentralization training.
Centralized training is the most common traditional method, completed by a single institution within a local high-performance cluster, where all training processes, from hardware, underlying software, cluster scheduling systems, to all components of the training framework, are coordinated by a unified control system. This architecture of deep collaboration enables memory sharing, gradient synchronization, and fault tolerance mechanisms.

Cryptocurrency market makers operate similarly to traditional finance in terms of operational models and risk management, but they face higher Fluctuation and Liquidity risks. Despite stricter regulations and a complex market, there are still development and profit opportunities in this field. In the future, trends may include diversification of participants and varieties, as well as new business models. Investors need to follow the relevant market risks and technological innovations.