Rhythm Evening News｜A look at the crypto market trends on September 4

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BlockBeats2024/09/04 10:49

By:BlockBeats

1. Samsung Next, a subsidiary of Samsung, invested in Startale Labs, the development team of Sony's blockchain Soneium 2. Pendle released a report on the Penpie attack: the contract was suspended immediately after the vulnerability was discovered, saving $105 million in assets 3. Former Mt.Gox CEO is about to launch a new cryptocurrency trading platform EllipX 4. Vitalik's address unlocked 1.268 million STRK from the Starknet contract, equivalent to $470,000 5. Justin Sun: $8 million of SUN tokens have bee

Featured News

1.Samsung Next, a subsidiary of Samsung, invests in Sony's blockchain Soneium development team Startale Labs

2.Pendle releases Penpie attack report: Immediately suspend the contract after discovering the vulnerability, saving $105 million in assets

3.Former Mt.Gox CEO is about to launch a new cryptocurrency trading platform EllipX

4.Vitalik address unlocks 126.8 from Starknet contract 10,000 STRK, equivalent to $470,000

5.Justin Sun: $8 million of SUN tokens have been destroyed, and the remaining $4 million of destruction is pending

6.Polygon has supported the conversion of MATIC to POL, and some holders need to actively convert through the migration contract

Biggest gainer & loser

Token volatility on September 4, filtered and sorted by trading volume

Top Gainer

1.UXLINK

2.EtherVista (VISTA)

3.Streamer (DATA)

Top Loser

1.Sunpump（SUN）

2.Sundog（SUNDOG）

3.Resistance Dog（REDO）

Today’s Hot Meme

Meme fund flow on September 4, filtered and sorted by trading volume and increase

Solana Ecosystem

1.Monkey 1. Pox (POX)

2. Shitcoin (SHIT)

3. MWOG (MWOG)

4. Shill and Earn (SAE)

Ethereum Ecosystem

1. Bonzi (BONZI)

2. Epump Dog (Edog)

On-chain data

September 4 Daily on-chain capital flow and network operating costs

Inter-chain capital flow

Inter-chain capital inflow and outflow on September 4

L2 fees

L2 operating costs on September 4

Routing Volume & Liquidity Sourcing

On-chain transaction routing (above) and on-chain liquidity (below) on September 4

Featured Threads&Articles

Threads&Tweets

1. Regarding Solana’s “network expansion” plan, href="https://x.com/tmel0211/status/1831158578235006995" target="">@tmel0211

2. Regarding the restrictions and influence of the platform algorithm on the Crypto Twitter information flow, @Galois_Capital

3. Regarding the financing mentality of the Crypto industry, @dberenzon

Article

1. href="https://www.theblockbeats.info/news/54907" target="">How to examine the fundamentals of crypto projects? 》

Will, Generative Ventures

"If the market is respectable and mean-reverting, then in the long run, the market will not weigh projects without fundamentals. Therefore, under the trend of further increase in Bitcoin concentration, the market will experience a wave of painful corrections to fundamentals, and both primary and secondary will return to fundamental investment; but it seems that in the crypto field, investors are not good at fundamental investment, and even talking about fundamentals seems to be a very boring and unconsensus thing; therefore, this article attempts to dismantle it and propose a very interesting new perspective in the crypto field: "Fundamental Paradox"? Our fund looks at the fundamentals of the project (Fundamentals), in fact, there are only three: 1. Project Revenue 2. Ecosystem Scale 3. User Social Value"

2. "Vitalik's New Article: Glue and Coprocessor Architecture, a New Concept to Improve Efficiency and Security"

Vitalik

"If you analyze any resource-intensive computing going on in the modern world in moderate detail, one feature you will find again and again is that computing can be divided into two parts: · A relatively small amount of complex but low-computation "business logic"; · A large amount of intensive but highly structured "expensive work". These two forms of computing are best handled in different ways: the former, whose architecture may be less efficient but needs to be very versatile; the latter, whose architecture may be less versatile but needs to be very efficient."

3. "Arthur Hayes: The Fed's policy shift may bring a storm to the market in September"

Arthur Hayes

"Like Pavlov's dog, we all think that the correct response to rate cuts is to 'buy the dip.' This behavioral response stems from the memory of low inflation in the Pax Americana era. Whenever there is a threat of deflation, it is bad news for financial asset holders, and the Fed will decisively start printing money. As the world's reserve currency, the US dollar has created a loose monetary environment for the world."

4.《The first disclosure of Telegram user portraits on the entire network: Compared with WeChat, how long will TON take to achieve Mass Adoption》

Evan, Joy, Aaron J, Waterdrip Capital

"Apart from the differences in the geographical distribution of the population, the most significant difference between Telegram and WeChat lies in the user's usage habits: · WeChat is a typical acquaintance social, strong social relationship application. Telegram is a pan-social relationship application, more similar to QQ.· The average daily usage time of WeChat is 1.5 hours. The average daily usage time of Telegram is 0.5 hours. As of the end of June 2024, the monthly active user scale of WeChat Mini Programs has reached an astonishing 930 million, with a penetration rate of over 90%. The customer acquisition advantage, plus WeChat's mature commercial service infrastructure, is the core reason for developers to succeed in the WeChat Mini Program ecosystem: · Ultra-light user access path: no need to download or enter a URL, just click and use · Effective customer acquisition based on social relationships: about 60% of traffic comes from user sharing · New incremental market: According to data, the monthly active users of WeChat Mini Games in February 2024 were 755 million, even exceeding the 650 million users of mobile game apps · Efficient commercial service system: Based on WeChat advertising and WeChat payment, the revenue of mini games will reach 3 billion US dollars in 2023"

5.《"Anti-sniping" meme failed at the opening, SICK, which wanted to challenge Pump.fun, doesn't look good? ｜Web3 Today's Scam》

Joyce, BlockBeats

The meme coin SICK, which has been preheated for several days and has a novel Stake-to-meme concept and anti-opening sniping function, went online last night. It was delayed at first, and after the opening, the community found that the claimed anti-sniping mechanism was "completely useless". Most of the money was made by snipers who entered the market immediately after the opening. Two minutes after SICK opened, the market value was rushed to about 5 million US dollars by snipers. In 20 minutes, SICK's trading volume was 3.3 million US dollars, and the market value reached a peak of 6.8 million US dollars, and then it quickly collapsed and fell. It is currently 60% lower than the high point. Afterwards, Sick’s official Twitter account Sick On Sol explained that due to technical problems, the anti-sniping function failed to trigger.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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