The proof-of-work mechanism designed by Satoshi Nakamoto successfully addresses the Byzantine Fault, establishing effective consensus in an untrusted environment. The Bitcoin network, as a continuously expanding organism, demonstrates autonomy and sociality through the absorption of global Computing Power for ongoing development. Compared to Ethereum's limitations in transitioning to PoS, Bitcoin's value and potential in digital civilization provoke new reflections.

Analysis of Solana Ecosystem DeFi Project Performance
Driven by DePIN and MEME coins, the overall performance of the Solana ecosystem has been strong, with the SOL price once approaching 100 dollars. The DEX trading volume on Solana briefly surpassed that of Ethereum, sparking discussions of "Solana surpassing Ethereum." Meanwhile, Ethereum faces various criticisms, especially as liquidity mining DeFi projects that led the last bull market are no longer favored. So, how are the DeFi projects on Solana performing? Have the old projects truly revived?
Liquid Staking
Liquid staking is a rapidly growing project type within the Solana ecosystem. The staking itself locks up funds, which is beneficial for the rise of SOL prices, while various liquid staking tokens (LST) can be applied in other Decentralized Finance projects. The wealth effect and incentives from new project airdrops also encourage funds to participate in liquid staking.

In October 2024, PANews published the TOP 5 rankings of column authors' influence and the TOP 10 rankings of article popularity. Authors such as Wanxiang Blockchain and FC Talk stood out, covering hot topics like Web3 and the crypto market, reflecting the dynamic changes in the crypto market.

Perptual Futures DEX is rapidly developing but faces challenges such as high latency and insufficient Liquidity. Compared to CEX, DEX still has gaps in product experience and feature set. In the future, enhancing community participation and user experience will help Perptual Futures DEX achieve innovation and large-scale application.

OpenAI's annual revenue reaches 1.3 billion USD, and several AI startups have completed financing. Lambda Labs raised nearly 300 million USD, and Orbem raised 30 million EUR, among others. New products are launched in the large model field, with Adobe, NetEase Youdao, and others releasing generative AI innovations. Analysis agencies predict that the generative AI industry may slow down in 2024.

South Korea faces a contradiction between "caution" and "openness" in its cryptocurrency policy, with significant differences in attitudes among regulatory agencies towards digital assets. On one hand, institutional trading bans are gradually being lifted; on the other hand, regulators remain vigilant about the risks associated with digital assets. In the future, the key will be how to integrate various policies to achieve a balance between stability and innovation, in order to promote the development of South Korea in the digital asset sector.

Bitcoin as a new concept for state government strategic reserves
In the context of the intersection between digital currency and traditional finance, a draft titled "2025 Bitcoin Strategic Reserve Act" is sparking widespread discussion. This draft was drafted by a Bitcoin advocacy organization, aiming to integrate Bitcoin into the financial systems of various states in the United States as a strategic reserve tool. This is not only an unprecedented attempt but also a bold initiative taken in response to increasing global economic uncertainty, to tackle inflation and enhance financial resilience.
Bitcoin: The State Government's New Strategic Asset?
As the political landscape changes, the idea of incorporating Bitcoin into national strategic reserves seems to be gradually approaching reality. The goal of the "2025 Bitcoin Strategic Reserve Act" is to authorize state treasurers to include Bitcoin in their financial reserves to combat asset depreciation caused by inflation.
Looking back at American history, there have been multiple significant strategic procurements, such as the Manhattan Project and the Louisiana Purchase.

The Pi Network has finally launched its Mainnet, allowing users to mine using their phones. However, the uncertainty of its token value is significant, depending on the supply and active users. Preliminary estimates suggest that the value of Pi coin may fluctuate between $0.092 and $4, facing high risks and market demand challenges.

2024 Web3 Game Industry Depth Insight
1. Industry Overview: A Three-Year Review of the Web3 Gaming Industry from 2021 to 2023
1. Market Size
From 2021 to 2023, the trading volume in the Web3 gaming industry remained relatively stable, with explosive growth in the first quarter of 2024. In 2021, the number of daily unique active wallet addresses for Web3 games exceeded 1.4 million, accounting for 49% of the total wallet address usage in the cryptocurrency industry. In 2022, it attracted 1.15 million active wallets, maintaining the same proportion. In 2023, the proportion declined slightly. In the first quarter of 2024, the number of daily active wallets reached a historical high, averaging over 2 million per day, accounting for 30% of the industry total.
In 2023, there are over 3 billion game users worldwide, with a market size close to 2.1968 trillion dollars, of which the revenue from Web3 games is 5.2 billion dollars. Despite the comparison with traditional Web2 games,

Burning Proof Protocol: Innovative Application on Cardano
The Iagon team recently completed a challenge by developing the Burn Proof ( PoB ) protocol for the Cardano ecosystem. This is a response to a question posed by a well-known figure in the blockchain field. This article will introduce the Iagon team's solution, mainly covering the following aspects:
1. Overview of the Proof of Burn Mechanism and Its Applications
2. The implementation details of Iagon's PoB solution on the Cardano network
3. Deploy and test smart contracts on the testnet
4. Execute the PoB protocol by sending tokens to the "black hole" address.
Proof of Burn and its Applications
Token burning ( is a common practice, essentially sending tokens to an inaccessible "black hole" address. This address has no private key, so the burned tokens cannot be retrieved. The public can verify that the burning has indeed occurred.

A well-known derivatives trading platform for Crypto Assets has seen three co-founders resign due to lawsuits from the U.S. Department of Justice and the CFTC. The appointment of new interim CEO Vivien Khoo and Business Director Ben Radclyffe demonstrates the company's emphasis on Compliance and Risk Management under regulatory pressure.

ArgOS is a high-performance AI Agent framework that implements a modular design using an ECS architecture. It is divided into conscious, subconscious, and unconscious systems, allowing for flexible customization of Agent capabilities. It is suitable for game development and AI applications in complex scenarios, offering significant performance advantages and scalability.

The departure of SEC Chairman Gary Gensler brings hope to the Crypto Assets industry, as Teresa Goody Guillén is a potential successor. She has extensive experience in the Blockchain legal field and advocates for friendlier regulatory policies, which could help promote clear rules for the industry and attract institutional investment, but she still faces the challenge of balancing various interests.

At the ETHGlobal Cannes Hackathon, 10 out of 334 participating projects were selected as finalists, covering fields such as artificial intelligence, Decentralized Finance, and privacy protection. These projects showcased the innovative applications of Blockchain, including cross-chain payments, encryption communication, and health management, highlighting the creativity and technical strength of the developers.

Hyperliquid exchange has recently achieved breakthrough growth, with open interest reaching 9.31 billion USD, and capital inflow significantly rebounding, while the Token price has risen 329% since April. Despite facing challenges such as slow user growth and trust recovery, the platform has still demonstrated strong development momentum, gradually becoming a new force in derivatives trading.

With the development of Web3, on-chain transaction security is becoming increasingly important. Users need to be responsible for asset security and are advised to use reputable wallets, enable two-factor authentication, avoid public Wi-Fi, and carefully check each step of the operation to prevent phishing and attacks. Implementing fund isolation and participating cautiously in Airdrop activities, as well as cultivating a security trading awareness, can effectively protect digital assets.

This week, several important events will occur in the encryption industry, including the vote on the U.S. stablecoin regulation bill, Coinbase's inclusion in the S&P 500, and the launch of XRP futures products, indicating that the industry is increasingly recognized by mainstream financial markets. At the same time, Hong Kong and Texas are also advancing their respective crypto asset policies.